Management Meet Update - PG Electroplast Ltd - ICICI Direct

We met the management of PG Electroplast (PGEL) to get an insight into its business and future plans. PGEL is one of the leading Electronic Manufacturing Service (EMS) providers for washing machines, Refregerators, Air conditioners and Air cooler in India. The company serves 30+ brands in India which includes names such as LG, Whirlpool, Voltas, Havells, Carrier/Midea etc. It is also one of the PLI licensees for the manufacturing of AC component in India. PGEL's revenue, earnings grew at a CAGR of 21%, 16% in FY18-21E. Plans a capex of Rs. 320 crore in next five years to boost AC component manufacturing under PLI.

For details, click on the link below: Link to the report

Shares of PG Electroplast Limited was last trading in BSE at Rs. 635.80 as compared to the previous close of Rs. 643.45. The total number of shares traded during the day was 11066 in over 1221 trades.

The stock hit an intraday high of Rs. 649.80 and intraday low of 628.60. The net turnover during the day was Rs. 7066741.00.

Source : Equity Bulls

Keywords

PGElectroplast INE457L01011 PGEL ConsumerElectronics ICICIDirect ManagementMeetUpdate