PG Electroplast Stock Research

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PG Electroplast Detail

PG Electroplast is in portfolio of Satpal Khattar. He is one of the top investors in India. The company belongs to Plastics sector. 

As per the Company website it is is a diversified Electronic Manufacturing Services and Plastic Injection Molding company catering to leading OEMs in Consumer Electronics and Automotive Industry.

The company specializes in turnkey solutions as an EMS for PCB Assemblies, full product assembly, plastic injection molding and engineering services for Consumer Electronics, Home and Kitchen Appliances, Automotive Industry Parts, Lighting industry and Mobile Phones.

Below are some industries this Company serves along with Clients it caters in that industry segment

  • Consumer Electronics – LG, Voltas, Panasonic and Samsung
  • Automotive – Minda, Bright Autoplast, ITW and SMR
  • Bathroom fittings – Kohler, Jaguar
  • Lighting – Surya, Halonix
  • Small Domestic Appliances – Havells, Usha, Orient Electric
  • Mobiles – Lava, Hitech and Salcomp

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

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PG Electroplast Stock Performance

The stock is very volatile to say the least. It has made money for investors. Investors have also lost money in this counter as well. The stock made debut in year 2011 at listing price of 300 INR.

The stock prices plumbed in year 2013 and it started trading below 100 mark. Most of the time the stock traded near 100 mark only. The only exception is 2017 period where it zoomed past listing price but collapsed in similar fashion well below 100 mark. So it is very volatile and risky stock for investors.

PG Electroplast My Opinion

PG Electroplast is an Plastics Company. It creates plastic molded parts which can be used in wide range of industries. Above I have stated industries and clients with which this Company is attached with.

The fortune of the Company is attached to clients it serves and demand of molded plastics in different industries. It caters mobile phone area as well which is one of the biggest growth drivers if it client phone demand soars. As of now I does not have mainstream companies to cater. Lava does have good presence but there is long way to go as competition from Chinese brands is intense.

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Apart from mobiles other key verticals like Consumer goods and Automobile are two key segments for the products. The application sector looks good and Company products look decent as well.

You can track this Company. More analysis is required to understand the reason for swift movement in stock prices off late and during initial phase. It is transitioning into new business areas of assembly and mobile which may have taken toll if plans were not executed perfectly.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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