Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia.[1][2][3]
Business ProfilePWIL is a leading player in the organized copper winding wires market in India. Company is in the business of converting copper into winding wires. These winding wires are a basic component in the supply chain of manufacturing of electrical goods.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Prec. Wires (I) | 224.46 | 36.87 | 4101.32 | 0.51 | 35.61 | 84.80 | 1237.40 | 18.55 | 26.78 | 4389.62 | 5.20 | 111.23 | 35.61 | 6.11 | 7.73 | 0.19 |
| 2. | Synthiko Foils | 1591.75 | – | 2304.67 | 0.00 | -0.02 | -300.00 | 0.00 | -100.00 | 6.68 | 14.49 | -2.76 | -0.30 | -0.02 | 16.70 | 3.25 | 0.00 |
| 3. | Vidya Wires | 48.51 | 23.77 | 1031.56 | 0.00 | 10.46 | 28.82 | 380.94 | 4.86 | 24.49 | 1479.12 | 4.32 | 41.05 | 10.46 | – | 14.28 | 0.79 |
| 4. | Baheti Recycling | 594.15 | 30.41 | 616.04 | 0.00 | 9.27 | 32.05 | 315.14 | 22.53 | 21.82 | 582.26 | 7.80 | 20.26 | 9.27 | 9.01 | 8.68 | 2.97 |
| 5. | Euro Panel | 178.27 | 21.95 | 449.74 | 0.00 | 6.62 | 45.18 | 129.86 | 30.60 | – | 423.19 | 9.88 | 18.43 | 6.62 | 3.00 | – | 0.89 |
| 6. | ANB Metal | 353.25 | 32.61 | 418.06 | 0.00 | 8.49 | 43.41 | 87.80 | -11.03 | 29.60 | 151.68 | 14.87 | 12.82 | 8.49 | 4.90 | 12.68 | 0.30 |
| 7. | Sunlite Recycli. | 376.00 | 18.98 | 409.09 | 0.00 | 14.34 | 103.12 | 1122.31 | 76.24 | 36.07 | 1882.23 | 1.79 | 21.55 | 14.34 | 5.50 | 18.19 | 0.31 |
| – | Median: 18 Co. | 138.93 | 21.18 | 243.15 | 0.0 | 6.02 | 44.3 | 99.81 | 26.67 | 21.7 | 430.16 | 4.62 | 11.88 | 6.02 | 3.0 | 7.73 | 0.33 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 726 | 704 | 800 | 803 | 829 | 805 | 884 | 955 | 1,044 | 982 | 1,054 | 1,116 | 1,237 |
Expenses | 695 | 671 | 769 | 766 | 794 | 766 | 841 | 910 | 1,002 | 942 | 995 | 1,057 | 1,167 |
Operating Profit | 31 | 33 | 31 | 36 | 35 | 39 | 43 | 45 | 42 | 40 | 59 | 59 | 70 |
Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 20 | 21 | 18 | 22 | 22 | 25 | 29 | 30 | 26 | 25 | 40 | 36 | 48 |
Tax % | 25% | 28% | 29% | 25% | 27% | 28% | 25% | 26% | 26% | 24% | 25% | 25% | 26% |
Net Profit | 15 | 15 | 13 | 17 | 16 | 18 | 22 | 22 | 19 | 19 | 30 | 27 | 36 |
EPS in Rs | 0.84 | 0.87 | 0.72 | 0.93 | 0.92 | 1.01 | 1.23 | 1.24 | 1.08 | 1.06 | 1.66 | 1.52 | 1.98 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 982 | 881 | 843 | 884 | 1,408 | 1,758 | 1,526 | 1,719 | 2,683 | 3,034 | 3,302 | 4,015 | 4,390 |
Expenses | 928 | 833 | 792 | 830 | 1,322 | 1,665 | 1,453 | 1,640 | 2,566 | 2,927 | 3,168 | 3,849 | 4,161 |
Operating Profit | 54 | 47 | 52 | 54 | 85 | 93 | 73 | 79 | 117 | 106 | 134 | 166 | 228 |
Other Income | 5 | 3 | 2 | 3 | 2 | 1 | 4 | 4 | 7 | 22 | 19 | 21 | 0 |
Interest | 24 | 14 | 11 | 9 | 15 | 17 | 19 | 15 | 25 | 33 | 37 | 47 | 56 |
Depreciation | 12 | 20 | 16 | 14 | 14 | 13 | 16 | 16 | 15 | 14 | 17 | 20 | 24 |
Profit before tax | 23 | 17 | 27 | 33 | 58 | 65 | 42 | 52 | 84 | 81 | 99 | 120 | 149 |
Net Profit | 14 | 10 | 17 | 23 | 36 | 42 | 32 | 39 | 63 | 59 | 73 | 90 | 111 |
EPS in Rs | 0.83 | 0.58 | 0.98 | 1.30 | 2.07 | 2.41 | 1.83 | 2.27 | 3.63 | 3.33 | 4.08 | 5.04 | 6.22 |
Dividend Payout % | 80% | 63% | 44% | 36% | 29% | 25% | 18% | 29% | 50% | 29% | 26% | 23% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 18 | 18 | 18 | 18 |
Reserves | 192 | 175 | 183 | 201 | 225 | 254 | 271 | 304 | 353 | 432 | 489 | 558 | 643 |
Borrowings | 53 | 38 | 28 | 38 | 33 | 30 | 31 | 22 | 22 | 16 | 99 | 62 | 128 |
Other Liabilities | 179 | 133 | 134 | 152 | 259 | 295 | 230 | 448 | 491 | 462 | 457 | 616 | 789 |
Total Liabilities | 435 | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 | 1,062 | 1,254 | 1,578 |
Fixed Assets | 127 | 87 | 80 | 82 | 79 | 113 | 115 | 110 | 100 | 116 | 139 | 218 | 260 |
Gross Block | 244.80 | 252.12 | 261.26 | 277.36 | 287.87 | 333.60 | 352.11 | 346.63 | 349.86 | 370.70 | 408.24 | 499.73 | – |
Accumulated Depreciation | 117.94 | 165.27 | 180.98 | 195.55 | 208.83 | 220.71 | 236.70 | 236.82 | 250.36 | 254.71 | 268.95 | 281.64 | – |
CWIP | 3 | 3 | 12 | 5 | 10 | 10 | 4 | 2 | 6 | 10 | 19 | 30 | 72 |
Investments | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 28 | 9 | 5 | 52 | 56 | 97 |
Other Assets | 306 | 268 | 263 | 315 | 438 | 465 | 423 | 646 | 764 | 797 | 851 | 950 | 1,149 |
Total Assets | 435 | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 | 1,062 | 1,254 | 1,578 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 6 | 32 | 45 | 13 | 95 | 59 | 48 | 61 | 43 | 77 | 60 | 168 |
Cash from Investing Activity | 37 | -5 | -19 | -9 | -17 | -47 | -13 | -35 | 8 | 10 | -94 | -99 |
Cash from Financing Activity | -57 | -36 | -27 | -6 | -31 | -40 | -31 | -31 | -38 | -53 | 28 | -103 |
Net Cash Flow | -13 | -8 | -1 | -2 | 46 | -27 | 4 | -5 | 12 | 33 | -6 | -34 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 57 | 58 | 75 | 66 | 61 | 64 | 93 | 65 | 55 | 47 | 51 |
Inventory Days | 32 | 46 | 50 | 53 | 32 | 29 | 29 | 39 | 33 | 30 | 35 | 30 |
Days Payable | 60 | 52 | 55 | 61 | 71 | 62 | 55 | 100 | 70 | 57 | 51 | 56 |
Cash Conversion Cycle | 41 | 51 | 53 | 66 | 27 | 28 | 38 | 33 | 28 | 28 | 30 | 25 |
Working Capital Days | 26 | 35 | 38 | 47 | 23 | 27 | 34 | 33 | 29 | 31 | 27 | 26 |
ROCE % | 17% | 13% | 17% | 18% | 28% | 29% | 20% | 20% | 30% | 26% | 25% | 27% |
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Stock Analysis
Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia.
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