LiveNSE delayed · 128/128 · 21 Aug 2026, 09:35 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
PGEL · Consumer Discretionary · Small Cap · Live 21 Aug 2026, 09:35 am · Discovery

PG Electroplast Ltd

Fast-growing durables EMS that has already been discovered by the market. Quality of growth needs watching as the base gets larger.

10X Low
Moderate Risk
Attractive Entry
Emerging Multibagger
Institutional Accumulation
Multibagger score
59.7/100
Market cap
₹15,941 Cr
Last price · live
₹602.20
+0.15 (+0.02%)
52W
₹437–₹644

Implied P/E 55.1x · PGEL.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.4x
Bull multiple
5.3x
Classification
Potential 5X Candidate

Bull case can quintuple if the industry runway and margins hold. Not a prediction.

Final investment scorecard

Multibagger59.7 / 100
10X potentiallow
Business quality3.3 / 10
Growth runway6.8 / 10
Competitive advantage5.8 / 10
Management6.0 / 10
Balance sheet4.0 / 10
Valuation3.1 / 10
Technical setup8.2 / 10
Riskmoderate

Why it could become a multibagger

  • Still a mid-small platform on a formalising durables market.
  • ROCE is already respectable for a manufacturer in build-out.
  • Institutions are still coming in, not exiting.

What needs to go right

  • Customer diversification
  • FCF inflection
  • Pledge to zero

What could destroy the thesis

  • Loss of a top OEM
  • Durables downcycle
  • Working-capital blowout

What would make me sell

  • Top customer >45% of sales and shrinking wallet share
  • FCF negative for another two years
  • Pledge rising

Key metrics to monitor

Top-3 customer %
FCF
NWC days
ROCE
Pledge
EBITDA margin

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.