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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
PG Electroplast Limited is an electronic manufacturing services (EMS) provider for original equipment manufacturers (OEMs) of consumer electronic products in India. The Company manufactures and / or assembles a range of consumer electronic components and finished products,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, fast-growing business, priced for perfection — but flagged on governance.
PG Electroplast is scored on the consumer / fmcg framework. It keeps a thin 3.7% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.36×) — worth a closer look. Free cash flow is worth about -0.8% of its market value.
Over the last 3 years revenue compounded at 35%/yr and profit at 36%/yr. Book value itself has compounded 98%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.9%. In the latest quarter profit fell 82% versus the prior quarter.
At 79× earnings, the stock sits at the 91st percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~27%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.32 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 72.31 | — | — |
| P/B | 4.98 | 3.42 | worse |
| EV/EBITDA | 33.01 | — | — |
| ROE | 6.88 | 6.28 | better |
| ROCE | 9.72 | 12.4 | worse |
| ROA | 3.87 | 0.91 | better |
| Quick Ratio | 0.85 | 0.93 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| LG Electronics India | 61.9 | 13.5 | 21.9% |
| Dixon Techno | 44.2 | 13.1 | 26.4% |
| Havells India | 42.4 | 7.2 | 17.0% |
Revenue has grown every year across all 4 financial years shown. 35% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. The latest year saw a -32% swing — check if it's a one-off or structural.
Operating margins have been stable around 5% — no major structural shift.
ROE at 6% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 13pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (36% vs -42%) — share dilution is eroding per-share value. -42% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 54% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (54% spread) — likely seasonality, lumpy orders, or project-based revenue.
Profit fell 82% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (4% → 1%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.2% — dispersed ownership; institutional flows drive the stock. MF holding up 2.8pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.