Skip to main content
Swing Capital

Precision Wires India Ltd

NSE: PRECWIRE BSE: 523539Metal

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]

₹373
52W: ₹167 — ₹446
PE 52.5 · Book ₹36.2 · +930% vs book
Market Cap₹6,826 Cr
Stock P/E52.5Price to Earnings
ROCE26.8%Return on Capital
ROE16.5%Return on Equity
Div. Yield0.32%Face Value ₹1

Strengths

  • +Company has been maintaining a healthy dividend payout of 25.8%

Weaknesses

  • −Stock is trading at 10.4 times its book value
  • −Company's cost of borrowing seems high
  • −Promoter holding has decreased over last 3 years: -3.05%

Shareholding Pattern

Promoters56.61%
FIIs1.65%
DIIs0.11%
Public41.63%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters57.93%57.93%57.93%57.93%57.93%57.48%▼0.556.61%▼0.956.61%
FIIs0.31%0.31%0.44%▲0.10.47%▲0.00.76%▲0.30.75%▼0.01.32%▲0.61.65%▲0.3
DIIs0%0%0%0.01%▲0.00.01%0.01%0.06%▲0.00.11%▲0.1
Public41.76%41.76%41.64%▼0.141.6%▼0.041.31%▼0.341.75%▲0.442%▲0.341.63%▼0.4

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales8298058849551,0449821,0541,1161,2371,348
Expenses7947668419101,0029429951,0571,1671,272
Operating Profit35394345424059597075
OPM %4%5%5%5%4%4%6%5%6%6%
Net Profit16182222191930273638
EPS ₹0.921.011.231.241.081.061.661.521.982.06

AI Insights

Revenue Trend

TTM revenue at ₹4,755Cr, up 18.4% YoY. OPM at 6%.

Debt Position

Borrowings at ₹128Cr. Debt-to-equity ratio: 0.20x. Healthy balance sheet.

Capex Cycle

CWIP at ₹72Cr (28% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.11% (+0.11pp change). FIIs: 1.65% (+1.18pp change). Promoters hold 56.61%.

Margin & Efficiency

ROCE improving from 17% (Mar 2014) to 27% (Mar 2025). Working capital days: 26.

Valuation

PE 52.5x with 26.8% ROCE. Price is 930% above book value of ₹36.2. Dividend yield: 0.32%.

Recent Announcements