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PG PG Electroplast Company Update 1Q FY2027 , Aug 2026
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Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of, or to be relied on in connection with any contract or investment decision in relation to any securities. This Presentation contains forward looking statements based on the currently held beliefs of the management of the company which are expressed in good faith and in management’s opinion are reasonable. The forward looking statements may involve known and unknown risks uncertainty and other factors which may cause the actual results, financial condition, performance or achievements of the Company or industry to differ materially from those in forward-looking statements. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward looking statements. 2
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Agenda Introduction Quarterly and Annual Financials Key Financial Metrics Strategy & Outlook Historical Financials 3
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About PG Electroplast ▪PG Electroplast Limited (PGEL) is the flagship company of PG Group, which had started its journey in 1977. PG Electroplast, formally set up in 2003, and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪PGEL specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding, providing One Stop Solutions to 70+ leading Indian and Global brands. ▪PG has 10,000+ employees across 11 manufacturing units in Greater Noida, Ahmednagar, Bhiwadi and Roorkee. ▪The company is pursuing an organic growth strategy by ramping up capacities & capabilities in each product vertical to achieve higher value addition, better economies of scale through exhaustive backward integration. Key Manufacturing Capabilities Product Assemblies Plastic Moulding Sheet Metal Components PCB Assemblies Specialized AC Components PU & Powder Paintshops Tool Manufacturing 4
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Industries Served Air Conditioners Washing Machines LED Televisions Air Coolers Automotive Components Bathroom Fittings Consumer Electronics 5
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6 263 369 405 512 642 706 1116 2164 2760 4905 5343 0 1200 2400 3600 4800 6000 REVENUES (Figures in INR Crores) 21 24 30 34 42 52 94 180 275 519 442 0 100 200 300 400 500 600 EBITDA (Figures in INR Crores) Key Financials • The Company has grown more than 20x in 10 years from a revenue of INR 263 crores in 2015-16, to INR 5343 crores in 2025-2026 at a 35.1% CAGR with the EBITDA increasing at a 35.4% CAGR. • Over the past 10 years, the company has done a cumulative Capital Expenditure of over INR 1900 Crores, that has now significantly raised its growth potentials.
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Our Business Verticals • Indoor Units • Outdoor Units • Window Units Room Air Conditioners • Semi-Automatic Top-Load • Fully-Automatic Top-Load Washing Machines • Window • Desert • Personal Air Coolers Products Consumer Durables Sanitaryware Automotive Consumer Electronics Others Plastic Moulding and Others Electronics Televisions PCB Assemblies Consumer Durables Sanitaryware Automotive & more Tool Manufacturing 150 234 492 1347 1668 3526 4030 441 428 546 642 694 985 872 43 36 70 161 373 349 367 6.4 4.6 3.8 10.1 11.6 9.69 14.2 0 1200 2400 3600 4800 6000 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Products Plastic & Others Electronics Moulds Operating Revenue Breakup Across Verticals Figures in INR Crores 639 2160 703 1111 2747 7 4870 5283
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Agenda Introduction Quarterly and Annual Financials Key Financial Metrics Strategy & Outlook Historical Financials 8
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Summary of Consolidated Results Particulars (INR Crores) Q1 FY2026 Q1 FY2027 % Change Q4 FY2026 FY2026 Oper. Revenues 1,503.9 2,034.0 35.2% 1,716.7 5,288.0 CORM 1,265.1 1,739.6 37.5% 1,447.2 4,355.3 % of Sales 84.1% 85.5% 84.3% 82.4% Gross Contribution 238.7 294.4 23.3% 269.5 932.7 % of Sales 15.9% 14.5% 15.7% 17.6% EBITDA 139.4 156.2 12.1% 131.5 441.8 EBITDA Margin 9.3% 7.7% 7.7% 8.4% Depreciation 20.83 26.5 27.3% 23.7 88.2 PBIT 118.6 129.7 9.4% 107.8 353.6 PBIT Margin 7.9% 6.4% 6.3% 6.7% Finance Cost 33.90 35.3 4.1% 26.0 101.7 PBT 84.7 94.4 11.5% 81.8 251.9 PBT Margin 5.6% 4.6% 4.8% 4.8% Tax 18.0 19.1 6.4% 17.6 58.3 PAT 66.7 75.3 12.9% 64.2 193.6 PAT Margin 4.4% 3.7% 3.7% 3.7% 9
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Expenditure Analysis Particulars (As a % of Operating Revenues) Q1 FY2026 Q1 FY2027 Change % Q4 FY2026 FY2026 Cost of Raw Material (CoRM) 84.1% 85.5% +1.4% 84.3% 82.4% Employee Expenses 5.2% 4.4% -0.8% 4.9% 5.6% Finance Cost 2.3% 1.7% -0.6% 1.5% 1.9% Depreciation & Amortisation 1.4% 1.3% -0.1% 1.4% 1.7% Other Expenses 2.6% 2.8% +0.2% 3.8% 4.7% 10
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Balance Sheet Particulars (INR Crores) 30th Jun’25 30th Jun’26 31st Mar’26 Net Fixed Assets A 1,126.1 1,365.2 1,360.7 Right-of-use-Assets B 70.9 170.0 174.1 Other Non-current Asset C 313.3 709.8 617.9 Cash & Bank Balance D 910.6 491.3 389.4 Current Assets Trade Receivables i 816.3 1,051.2 1,184.0 Inventories ii 1,356.3 1,278.2 1,601.3 Other current Assets iii 292.5 514.8 619.3 Total Current Assets (i+ ii + iii) 2,465.1 2,844.1 3,404.6 Less Current Liabilities & Provisions 1,421.2 1,831.2 2,232.8 Net Current Assets E 1,043.9 1,012.9 1,171.8 Total Assets (A+B+C+D+E) 3,464.7 3,749.2 3,713.9 Equity Share Capital 28.3 28.6 28.5 Other Equity 2,870.2 3,109.7 3,020.1 Total Equity A 2,898.5 3,138.2 3,048.6 Short term Debt 196.8 210.7 361.7 Long term Debt 212.6 206.7 138.0 Total Debt B 409.4 417.4 499.7 Other Non-current Liabilities C 156.8 193.5 165.6 Total Liabilities (A+B+C) 3,464.7 3,749.2 3,713.9 Particulars (INR Cr.) 30th Jun’25 30th Jun’26 31st Mar’26 Gross Debt 409.4 417.4 499.7 Cash & Bank Balance 910.6 491.3 389.4 Net Debt (501.2) (73.9) 110.3 Net Debt/Equity NA NA 0.0 Net Debt/EBITDA NA NA 0.3 11
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Particulars 30th Jun’25 30th Jun’26 31st Mar’26 Net Fixed Assets 1,197.0 1,535.2 1,534.8 Fixed Asset Turns 6.0 4.3 4.0 Receivables 816.3 1,051.2 1,184.0 Average Receivables Days 45.1 58.6 74.7 Inventories 1,356.3 1,278.2 1,601.3 Average Inventory Days 72.0 99.5 122.3 Payables 1,019.0 1,508.1 1,757.3 Average Payable Days 67.0 95.5 131.2 Cash conversion cycle 50.1 62.6 65.7 Net Worth (A) 2,898.5 3,138.2 3,048.6 Gross Debt 409.4 417.4 499.7 Cash & Bank Balances 910.6 491.3 389.4 Net Debt (B) -501.2 -73.9 110.3 Capital Employed (A+B) 2,397.4 3,064.4 3,158.9 RoCE (TTM) 26.0% 13.4% 13.3% RoE (TTM) 13.4% 6.7% 6.6% Key Ratios Fixed Asset Turns Revenues/Average Net Fixed Assets Average Receivables Days (Average Receivables/Op. Revenues) x 365 Average Inventory Days (Average Inventories/CoRM) x 365 Average Payable Days (Average Payables/CoRM) x 365 Cash Conversion Cycle Average Inventory Days + Average Receivables Days - Average Payable Days RoCE Profit Before Interest and Tax / (Average Net Debt + Average Net Worth) ROE Profit After Tax / (Average Networth) 12
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Agenda Introduction Quarterly and Annual Financials Key Financial Metrics Strategy & Outlook Historical Financials 13
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Major Highlights of 1QFY27 • 1QFY27 has been a strong growth period as consolidated quarterly revenues crossed INR 2,000 crores for the first time in the company’s history. • Our 100% subsidiary, PG Technoplast, reported INR 1,628.9 crores in revenue. The order book remains healthy for all products. • Product business contributed 80.2% of total revenues in 1QFY27, growing 40.7% YoY, with the AC business growing 38.1% YoY to INR 1401.4 crores for 1QFY27 while the Washing Machines business grew 67.2% to 210.8 crores, and Coolers grew marginally by 3.4% YoY to INR 18.9 crores. • The Electronics business grew 65.3% YoY and contributed 5.3% of total revenues. Plastic Moulding and components contributed INR 294.55 crores and grew 7.5% YoY. • Our 50:50 JV, Goodworth Electronics, posted revenues of INR 177.3 crores in 1QFY27 vs. INR 147.5 crores in 1QFY26, with EBITDA of INR 6.3 crores vs. INR 4.3 crores YoY. • PGEL’s flagship Washing Machine manufacturing facility has come online in a new campus in DMIC, Greater Noida, Uttar Pradesh. A state-of-the-art plant, it will have the capacity to manufacture 1.8mn washing machines per annum. • Gross contribution as a percentage softened YoY due to elevated commodity prices. Since product pricing in the industry is typically structured on a per-unit rupee margin basis, rising input costs mechanically lower the margin percentage even as per-unit economics stay stable. Raw material cost increases have been partially passed through to customers. • Cash & Bank Balances stood at INR 491.3 crores at the end of 1QFY27, and the company is again in a net cash position. • For FY27, our focus on controlling expenses is already bearing fruit, and we remain committed to building long-term resilience and enhancing capital efficiency. • Strategic priorities include R&D, new product development, backward integration, and capability enhancement. 14
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Agenda Introduction Quarterly and Annual Financials Key Financial Metrics Strategy & Outlook Historical Financials 15
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Industry Outlook Government reforms such as Digital India, Make in India, Power for all and Jan Dhan-Aadhar- Mobile Trinity are providing fresh impetus to the Consumer appliance and durable Industry The Rapid rate of urbanization, growth of young population with rising income levels is leading to large emerging middle class in India. Implying huge potential demand for the consumer appliance and durable market in coming years. Low penetration levels, falling prices of durables and electronics and changing lifestyle of the Indian consumer are expected to remain big demand drivers for the consumer durable and electronics Industry in India in near future. Further the Government’s initiatives of promoting electronic manufacturing and treating the industry as one of the key pillars of the Digital India Program, opens new and exciting opportunities for the Industry The Management is enthused about the overall opportunity size and anticipates high growth rates in the industry segments where, company has presence. 16
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Future Growth Strategy OPPORTUNITIES & CHALLENGES OPPORTUNITIES & CHALLENGES Company foresees large opportunities in plastic moulding and in consumer durables like: Opportunities in the ODM space for products like: Improving operational efficiencies leading to: • Washing Machines • Room Air conditioner • Refrigerators • Ceiling Fans • Sanitaryware products • Air coolers • Washing machines • Room Air Conditioners • Better profitability & higher cash flows • Reinvesting to improve strategic capabilities to reap future benefits 17
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Future Outlook Company is uniquely positioned in the consumer durable & plastics space in India and would derive higher revenue growth by growing its market share in the customer outsourcing wallet. Improving profitability and higher cash- flows, will lead to better capital efficiency and stronger balance sheet. Gradual improvement in margins due to better operational efficiencies and higher operating leverage • Product business to drive growth for the company • Company is developing new offerings in focus segments and will be launching the same in coming quarters • Company’s management see exciting times ahead for all its business segments. 18
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Agenda Introduction Quarterly and Annual Financials Key Financial Metrics Strategy & Outlook Historical Financials 19
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Profit & Loss Statement Figures in INR Crores FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Operating Revenues 508.4 639.4 703.2 1111.6 2159.9 2746.5 4869.5 5288.0 Growth (%) 27.3% 25.8% 10.0% 58.1% 94.3% 27.2% 77.3% 8.6% Expenditure Increase/Decrease in Stock -4.1 -7.0 3.2 -29.1 -28.3 -72.7 -215.9 -98.3 Raw Material Consumed 403.2 510.8 553.3 913.1 1792.8 2279.0 4169.0 4453.6 Power & Fuel Cost 14.4 16.6 16.1 20.6 28.7 31.9 49.9 57.1 Selling and Distribution Expenses 6.2 6.8 3.9 7.1 8.8 12.0 31.2 33.5 Manufacturing Expenses 7.9 8.5 12.6 16.3 35.0 45.1 44.8 52.3 Personnel Costs 40.1 53.9 55.0 77.9 122.9 166.3 272.8 297.2 Administrative Expenses 4.4 5.4 6.1 10.1 14.7 17.8 36.0 42.7 Miscellaneous Expenses 5.6 4.5 3.2 5.7 9.4 5.5 (2.5) 62.9 Operating Profit 30.7 39.9 49.8 90.0 176.0 261.8 484.1 387.0 OPM (%) 6.0% 6.2% 7.1% 8.1% 8.2% 9.5% 9.9% 7.3% Growth (%) 24.9% 30.1% 24.7% 80.8% 95.7% 48.7% 84.9% (20.0%) (+) Other income 3.2 2.5 2.6 4.3 4.4 13.0 35.1 54.8 EBDITA 33.9 42.4 52.4 94.3 180.4 274.8 519.2 441.8 ( - ) Depreciation 13.4 16.3 18.0 22.1 35.0 46.6 65.6 88.2 EBIT 20.5 26.1 34.4 72.2 145.5 228.2 453.6 353.6 ( - ) Interest & Finance charges 10.3 14.8 18.4 23.1 47.9 51.7 88.9 101.6 ( - ) Exceptional Expenses 0.0 -2.0 -0.8 0.0 0.0 0.0 0.0 0.0 PBT 10.2 13.3 16.8 49.0 97.5 176.5 364.7 251.9 PAT 10.0 2.6 11.6 37.4 77.5 137.0 290.9 193.6 20
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Balance Sheet A. EQUITY AND LIABILITIES As on 31st March B. ASSETS As on 31st March 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 (a) Share capital 18.7 19.5 19.7 21.2 22.7 26.0 28.3 28.5 (a) Fixed assets 192.1 253.2 273.1 441.0 577.8 784.7 1,138.2 1540.0 (b) Reserves and surplus 150.4 156.7 172.8 291.1 373.2 1,012.1 2802.6 3020.0 (b) Capital Work in Progress 34.1 6.1 6.0 4.9 2.0 63.2 73.6 312.4 Sub-Total - Shareholders' Funds 169.0 176.2 192.5 312.3 395.9 1,038.1 2830.9 3048.6 (c) Other Financial Assets 2.3 2.4 3.3 9.1 12.1 25.8 31.7 45.5 (a) Long-term borrowings 50.1 69.4 87.1 171.8 225.0 187.0 180.6 138.0 (d) Other non-current assets 6.7 7.8 13.9 5.5 7.8 28.5 124.4 254.8 (b) Long-term provisions 4.0 8.4 13.5 36.2 73.6 119.5 136.4 165.6 Sub-Total - Non-Current Assets 235.3 269.5 296.4 460.5 599.7 902.2 1,367.9 2152.7 Sub-Total - Non-Current Liabilities 54.1 77.8 100.6 208.0 298.6 306.5 317.1 303.6 (a) Inventories 68.3 84.6 92.6 286.0 353.4 543.4 1,315.0 1601.3 (a) Short-term borrowings 68.1 103.9 96.2 212.1 317.6 173.5 121.3 361.7 (b) Trade receivables 84.7 101.2 147.3 213.3 0.4 553.0 980.4 1184.0 (b) Trade payables 91.5 106.3 153.4 269.2 390.0 646.4 1371.0 1757.3 (c) Cash and cash equivalents 6.4 18.0 17.4 39.2 39.6 182.4 980.3 389.4 (c )Other current liabilities 22.4 28.9 20.2 44.5 53.2 68.5 176.9 217.2 (d) Short-term loans and advances 16.1 21.3 0.3 2.8 0.5 6.4 7.3 2.6 (d) Short-term provisions 7.7 6.9 16.6 22.4 53.0 75.0 303.1 258.2 (e) Other current assets 2.0 5.5 25.4 66.8 77.1 120.5 469.4 616.7 Sub-Total - Current Liabilities 189.8 246.1 286.3 548.2 824.6 963.4 1972.4 2594.5 Sub-Total - Current Assets 177.6 230.7 283.0 608.1 908.4 1,405.8 3,752.5 3793.9 TOTAL - EQUITY AND LIABILITIES 412.9 500.1 579.4 1,068.5 1,508.2 2,308.0 5120.3 5946.7 TOTAL-ASSETS 412.9 500.1 579.4 1,068.5 1,508.2 2,308.0 5,120.3 5946.7 (Figures in INR crores) 21
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