PGEL

PG Electroplast Ltd (PGEL) is a major EMS provider and contract manufacturer for consumer durables such as room air-conditioners (RACs), washing machines, and coolers, with expansion into electronics and allied verticals. It has significant manufacturing capacity and strategic partnerships with major brands. The stock has shown high volatility over the past year, with wide price swings and corrections following earnings updates. Recent quoted P/E 70+; P/B 7-8 — indicating rich historical valuation vs peers, though recent sell-offs have trimmed multiples. Revenue growth guidance for FY26 was revised down to 18% (from 30%). Net profit guidance was reduced to ~₹300 Cr (from ~₹400 Cr earlier).