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PG Electroplast Shares Slump 40% on Q1 Profit Decline and Slashed FY26 Outlook

Analysts maintain Buy ratings with revised Rs 700–710 price targets, citing a shortened AC season from the early monsoon as a key headwind.

PG Electroplast share bleeds 20%, takes 4-day fall to 40%; should you buy PGEL stock?
PG Electroplast price targets cut on FY26 outlook; stock still a ‘buy’ after 23% plunge

Overview

  • PG Electroplast posted Q1 FY26 revenue growth of 14% to Rs 1,504 crore but saw net profit fall 20% to Rs 67 crore compared with the prior year.
  • The company trimmed its FY26 revenue growth guidance from 30% to 18% and lowered its net profit forecast from Rs 400 crore to Rs 300 crore.
  • Shares tumbled about 40% over four days, including a 20% drop on Monday that pushed the price down to Rs 473.75 on the NSE.
  • Brokerages including Nirmal Bang and Nuvama cut their price targets to Rs 700 and Rs 710 respectively and maintained Buy ratings.
  • PG Electroplast reaffirmed its long-term FY28 revenue goal of INR 90 billion despite near-term margin pressures from seasonal softness and elevated inventory levels.