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PG Electropast Shares Today: PG Electroplast Ltd shares slumped another 18 per cent in Monday’s session, deepening the selloff triggered by a disappointing June quarter performance and a sharp downgrade to its FY26 outlook. The stock had already plunged 23 per cent on Friday — its biggest single-day fall on record — and is now down nearly 50 per cent year-to-date.
The latest slide was accompanied by heavy block deal activity. Around 1.04 crore shares, or 3.7 per cent of the company’s equity, changed hands in early trade at an average price of Rs 500 per share, pegging the deal value at roughly Rs 526 crore.
Brokerage Nuvama has maintained a ‘Buy’ call on the stock but slashed its target price by 35 per cent to Rs 710, citing concerns over soft demand in the room air-conditioner (RAC) segment, shrinking margins, and rising interest costs. The new target still implies a 25 per cent upside from Friday’s closing price.
Following its results, PG Electroplast revised its full-year guidance sharply lower:
Revenue growth is now seen between 17–19 per cent vs 30.3 per cent earlier
Net profit growth is guided at just 3–7 per cent, down from 39.2 per cent
Group revenue and product business growth have also been downgraded
FY26 capex was cut to Rs 700–750 crore from the earlier Rs 800–900 crore
Management flagged a significant inventory build-up across the consumer durables space, which is leading several contract manufacturers to scale back production. However, it reaffirmed confidence in long-term prospects, citing the company’s evolution from a plastic component maker into a full-fledged OEM/ODM player for large brands.
At last check, the stock was down 17 per cent at RS 409.35 on the BSE.
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