PG Electroplast shares gain over 4% on this update; check details

The project is expected to create over 5,000 direct and indirect jobs in Maharashtra, “significantly boosting the consumer electronics ecosystem in western India,” the company said.

“As part of the state’s flagship Magnetic Maharashtra initiative, the project will establish state-of-the-art integrated manufacturing capacities for air conditioners, washing machines, refrigerators, and allied products,” PG Electroplast had said in a regulatory filing.

Following this, PG Electroplast shares gained on Monday. Last seen, it was trading at ₹547.10 apiece on the National Stock Exchange, rising 2.63%.

Commenting on the development, Vishal Gupta, Managing Director—Finance, PG Electroplast, said, “The new facility at Kamargaon will be highly vertically integrated, boost the local components ecosystem, and generate large-scale employment. We thank the state government for its proactive support and look forward to contributing meaningfully to Maharashtra’s industrial journey.”

The signing ceremony was attended by Chief Minister of Maharashtra Shri Devendra Fadnavis, Minister of Industries Uday Samant, Chief Secretary Rajesh Kumar, Secretary of Industries, Energy and Labour Department Dr P. Anbalagan, Chief Advisor (Investments & Strategy) to the Chief Minister Shri Kaustubh Dhavse, CEO of the Maharashtra Industrial Development Corporation P. Velrasu, and Development Commissioner (Industries) Deependra Singh Kushwah.

Meanwhile, last month, the Noida-based firm had sharply cut its revenue and profit growth guidance for the current financial year.

The company sharply lowered its growth guidance for the current financial year. PG Electroplast expects revenue to be in the range of ₹5,700–5,800 crore, implying a growth of 17% to 19%; the company had earlier guided for revenue growth of 30%.

The electronic manufacturing services provider had reported a consolidated net profit of ₹67 crore in the first quarter of the current financial year (Q1FY26), marking a decline of 20% from ₹84 crore in the same period last year.

It had also reported weak operational performance, as its operating profit, also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), declined 7% annually to ₹122 crore, and its operating profit margin contracted by 180 basis points to 8.10%.

Over the last five trading days, PG Electroplast shares have lost 3.5%, while for a month’s period, the stock has tumbled nearly 30%.

Since March 3, 2025, which is six months, shares of the firm have declined 32%.

The company’s market capitalisation stands at ₹15,442.28 crore.

Shares of the firm had touched their one-year high of ₹1,054.20 apiece on January 6, 2025, while their 52-week low of ₹465 was hit on August 14, 2025.