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PRECWIRE - Prec. Wires (I)

📊 NSE: PRECWIRE 🏢 Mining / Minerals / Metals 📅 Last Updated: 12/14/2025 11:13

📢 Recent Corporate Announcements

Precision Wires Reports Supply Chain Disruptions Due to Middle East Conflict

🔴 NEGATIVE ⭐ 6/10

OTHER 📅 12 Mar 2026, 12:40 PM

Precision Wires India Limited has informed exchanges about significant disruptions in its supply chain and shipment logistics caused by the intensifying Middle East conflict. The company is facing rising inflationary pressures and delays in both domestic and overseas supplier deliveries. Export consignments to the Middle East are specifically impacted, requiring the company to re-route shipments and establish alternate logistics. These measures are expected to result in increased shipping costs and extended lead times for product delivery.

Intensifying Middle East conflict impacting both domestic and overseas supply chains
Rising inflationary pressures observed across the company's input costs
Export consignments to the Middle East are currently disrupted
Re-routing of shipments and alternate logistics will lead to higher shipping costs
Short-term fluctuations expected in the cost and availability of certain inputs

💡 Investors should monitor the company's operating margins in the coming quarters as increased freight and input costs may pressure profitability. Watch for management's ability to pass on these inflationary costs to end customers.

Precision Wires Proposes Increasing Borrowing Limit to ₹4,000 Crore

🔵 WATCH ⭐ 6/10

OTHER 📅 18 Feb 2026, 06:35 PM

Precision Wires India Limited has issued a postal ballot notice seeking shareholder approval for four key resolutions, most notably a significant revision of its borrowing limit to ₹4,000 Crore. The company is also seeking the re-appointment of Mrs. Asha Morley as an Independent Director for a five-year term starting June 2026. Additionally, shareholders are asked to approve the re-appointment of Shri Arjun Milan Mehta as Senior Vice President with a three-year remuneration structure starting at ₹66.35 Lakhs annually. The electronic voting period for these proposals is scheduled from February 20, 2026, to March 21, 2026.

Proposed increase in borrowing limit under Section 180(1)(c) to a maximum of ₹4,000 Crore.
Re-appointment of Mrs. Asha Morley as Independent Director for a second term of 5 years (2026-2031).
Re-appointment of Shri Arjun Milan Mehta as Senior Vice President with annual remuneration rising from ₹66.35 Lakhs to ₹71.81 Lakhs over 3 years.
Authorization sought for creation of mortgage/charge on company assets to secure the new borrowing limits.
E-voting period for shareholders begins on February 20, 2026, and concludes on March 21, 2026.

💡 Investors should monitor for subsequent announcements regarding the specific purpose of the ₹4,000 Crore borrowing headroom, as it may signal upcoming large-scale expansion or acquisitions. Ensure participation in the e-voting process to voice opinions on the related-party remuneration and director appointments.

Precision Wires India Approves Rs 100 Crore Unsecured Working Capital Facility from CSB Bank

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 14 Feb 2026, 06:13 PM

Precision Wires India Limited has received board approval to avail a new unsecured working capital facility amounting to Rs 100 crore. This credit line is being provided by CSB Bank Limited to support the company's operational liquidity. The decision was finalized during the board meeting held on February 14, 2026. The unsecured nature of the facility suggests a strong credit profile and healthy banking relationships.

Board approved a new unsecured working capital facility of Rs 100 crore.
The facility is being sourced from CSB Bank Limited.
The approval was granted during the board meeting held on February 14, 2026.
The facility is unsecured, which typically indicates a favorable credit standing for the company.

💡 Investors should monitor the company's interest coverage ratio and the impact of this additional debt on finance costs in future earnings reports.

Precision Wires Q3 Net Profit Doubles to ₹37.7 Cr; Declares ₹0.35 Dividend & Capacity Expansion

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 14 Feb 2026, 01:58 PM

Precision Wires India Limited reported a stellar performance for Q3 FY26, with revenue growing 37% YoY to ₹1,347.6 crore and net profit nearly doubling to ₹37.7 crore. The board declared a second interim dividend of ₹0.35 per share and approved a significant increase in borrowing limits to ₹4,000 crore to support growth. The company is aggressively expanding its copper winding wire capacity, aiming for 68,500 MT/PA by FY28, up from the current 55,000 MT/PA. Additionally, new working capital facilities of ₹360 crore were secured to manage the increased scale of operations.

Net Profit surged 99% YoY to ₹37.7 crore in Q3 FY26 compared to ₹18.95 crore in the same quarter last year.
Declared a second interim dividend of 35% (₹0.35 per share) with a record date of February 19, 2026.
Approved a new expansion project of 3,920 MT/PA at Silvassa with an estimated cost of ₹38 crore.
Secured additional working capital facilities totaling ₹360 crore from ICICI, Axis, Shinhan, and Yes Bank.
Total manufacturing capacity for copper winding wires is projected to reach approximately 68,500 MT/PA by Q2 FY2027-28.

💡 Investors should view the strong profit growth and aggressive capacity expansion as a sign of robust demand in the electrical equipment sector. The stock remains attractive for those seeking a combination of growth and regular dividend income.

Precision Wires India Sets Feb 19, 2026, as Record Date for Second Interim Dividend

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Feb 2026, 12:01 PM

Precision Wires India Limited has officially fixed February 19, 2026, as the record date for its second interim dividend. This announcement follows a prior board intimation dated February 6, 2026, regarding the dividend declaration. Shareholders whose names appear in the company's register on the record date will be eligible for the payout. The company is complying with Regulation 42 of SEBI (LODR) Regulations, 2015, for this corporate action.

Record date for the second interim dividend is fixed as Thursday, February 19, 2026.
The announcement follows a previous board intimation made on February 6, 2026.
Eligibility for the dividend will be determined based on shareholding as of the record date.
The company is listed on both BSE (523539) and NSE (PRECWIRE).

💡 Investors looking to receive the dividend should ensure they hold the shares before the ex-dividend date, which typically precedes the record date. Existing shareholders should ensure their bank mandates are updated in their demat accounts.

Precision Wires to Meet HDFC and ITI Mutual Funds on January 14, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Jan 2026, 12:33 PM

Precision Wires India Limited has scheduled in-person meetings with two prominent institutional investors on January 14, 2026. The management will meet with HDFC Mutual Fund from 2:00 PM to 3:00 PM and ITI Mutual Fund from 4:00 PM to 5:00 PM. These meetings are part of the company's regular investor engagement process. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions.

In-person meeting scheduled with HDFC Mutual Fund on January 14, 2026, at 2:00 PM.
In-person meeting scheduled with ITI Mutual Fund on January 14, 2026, at 4:00 PM.
Discussions will be strictly limited to publicly available information as per SEBI regulations.
The intimation is made pursuant to Regulation 30(6) of SEBI (LODR) Regulations, 2015.

💡 Investors should monitor the company's website or exchange filings for any investor presentations or transcripts that may be released following these meetings. While routine, increased institutional engagement often indicates growing interest in the company's business model.

Precision Wires India Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 04:59 PM

Precision Wires India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms the processing of dematerialization requests. It verifies that security certificates were mutilated and cancelled after verification, and the name of the depositories was updated in the register of members. This is a standard procedural filing ensuring the company's adherence to share processing timelines.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirms dematerialization requests were processed and listed on stock exchanges.
Registrar MUFG Intime India verified the cancellation of physical certificates within timelines.
Confirms name of depositories substituted in the register of members as registered owners.

💡 No action is required from investors as this is a routine administrative filing confirming regulatory compliance.

Precision Wires India Updates RTA Contact Email and Company Helpline Number

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 05:39 PM

Precision Wires India Limited has announced administrative changes regarding its investor grievance and communication channels. The company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, has updated its email address for investor communications. Additionally, the company has provided a new dedicated helpline number, +91 8655693811, to assist shareholders. All electronic service requests are now directed to be raised through a specific web portal link provided by the RTA.

New RTA email address for investor communications is investor.helpdesk@in.mpms.mufg.com
Additional company helpline number +91 8655693811 introduced for shareholder support
RTA MUFG Intime India Private Limited was formerly known as Link Intime India Private Limited
Electronic service requests must now be raised through the RTA's dedicated web portal link
The update was officially filed with the exchanges on January 6, 2026

💡 Shareholders should update their records with the new contact details for future queries regarding share transfers or dividends. No immediate action is required for general investors not seeking RTA services.

Precision Wires Clarifies No Undisclosed Information Behind Recent Trading Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Dec 2025, 04:41 PM

Precision Wires India Limited has responded to inquiries from BSE and NSE regarding a significant increase in trading volumes on December 29, 2025. The company confirmed that all material events and price-sensitive information have been duly disclosed under SEBI (LODR) Regulations. Management explicitly stated there is no impending announcement or undisclosed information that could influence the stock's price. Consequently, the company views the volume spurt as a result of general market-driven factors rather than internal developments.

Response issued on December 29, 2025, following exchange inquiries about high trading volumes
Company maintains full compliance with SEBI Regulation 30 regarding material disclosures
Management denies the existence of any undisclosed price-sensitive information (UPSI)
Attributed the volume and price movement to external market-related factors

💡 Investors should treat this as a routine regulatory response and avoid speculative trading based on volume alone, as the company confirms no material news is pending.

Precision Wires India to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Dec 2025, 12:13 PM

Precision Wires India Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is mandatory ahead of the declaration of the company's un-audited financial results for the quarter and nine months ending December 31, 2025. The restriction applies to all directors, auditors, and designated persons, including their immediate relatives. The trading window will reopen 48 hours after the financial results are officially submitted to the stock exchanges.

Trading window closure effective from Thursday, January 1, 2026
Closure pertains to the un-audited financial results for the quarter and nine months ended December 31, 2025
Applies to Directors, Auditors, and Designated Persons of the company
Window to reopen 48 hours after the announcement of the financial results

💡 This is a routine regulatory filing and does not impact retail trading. Investors should look out for the upcoming Q3 earnings date to evaluate the company's financial performance.

Precision Wires India to Host Group Investor Meeting on December 9, 2025

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Dec 2025, 06:12 PM

Precision Wires India Limited has scheduled a group meeting with analysts and institutional investors on December 9, 2025, starting at 9:30 AM IST. The meeting will take place at the company's manufacturing facilities located in Silvassa and Zaroli, providing participants with direct operational insights. The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be disclosed during the interaction. This event is part of the company's routine investor relations activities under SEBI LODR regulations.

Group meeting with analysts and institutional investors scheduled for December 9, 2025
Meeting to be held at the company's plant locations in Silvassa and Zaroli
Interaction starts from 9:30 AM IST onwards as per the regulatory filing
Company confirms no Unpublished Price Sensitive Information (UPSI) will be shared
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015

💡 Investors should monitor the exchange filings for any post-meeting presentations or transcripts that may provide insights into the company's operational outlook. No immediate action is required as this is a routine disclosure.

View All PRECWIRE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Round wire segment contributed ~75% of revenue with realisations of INR 7.9 lakh/MT in FY24. PICC and CTC segments together accounted for 20% of total revenue. Revenue from value-added products increased by ~80% YoY in 1HFY26.

Profitability Margins

Gross margins improved to 10.0% in 1HFY26 from 8.4% YoY. Net profit margins are projected to rise as PAT is expected to grow at a 38% CAGR from FY25 to FY28E, reaching INR 243.8 Cr.

EBITDA Margin

EBITDA margin was 4.1% in FY25 and is projected to expand to 6.5% by FY28E, a 240 bps improvement driven by backward integration and a shift toward value-added products.

Capital Expenditure

Historical capex was INR 102.2 Cr in FY25. Planned capex for FY27E is significantly higher at INR 205.9 Cr to complete winding wire expansion and a copper refining/recycling plant.

Credit Rating & Borrowing

Long-term rating reaffirmed at CARE A+; Stable and short-term rating at CARE A1 as of January 2025. Interest coverage ratio stood at 4.02x in FY24.

⚙️ Operational Drivers

Raw Materials

Copper Cathode represents the primary raw material, with raw material costs accounting for ~90% of total sales in recent quarters.

Import Sources

Approximately 12% of raw materials are imported, exposing the company to foreign exchange fluctuations.

Capacity Expansion

Current installed capacity increased from 39,400 TPA to 49,000 TPA by March 2024. Ongoing expansion includes a copper refining and recycling plant to improve backward linkages.

Raw Material Costs

Raw material costs were INR 1,110 Cr in a recent quarter, up 21% YoY. The company uses a back-to-back order mechanism to pass through copper price volatility to customers.

Manufacturing Efficiency

Capacity utilization stood at 86% in FY24. Tolling margins improved from INR 60,000 per tonne in FY22 to INR 78,000 per tonne in FY23.

📈 Strategic Growth

Expected Growth Rate

16%

Growth Strategy

Growth will be achieved through a 16% Revenue CAGR (FY25-28E) driven by capacity expansion to 49,000+ TPA, backward integration via a new copper recycling plant to capture higher margins, and doubling the share of value-added products like CTC and PICC in the portfolio.

Products & Services

Enameled Round Copper Wires, Rectangular Enameled Winding Wires, Paper Insulated Copper Conductors (PICC), and Continuous Transpose Conductors (CTC).

Brand Portfolio

PRECWIRE

New Products/Services

Expansion into higher value-added rectangular enameled winding wires and CTC, expected to double their revenue share over the next three years.

Market Expansion

Increasing penetration into the Electric Vehicle (EV) and hybrid vehicle segments to support growing demand for specialized winding wires.

Market Share & Ranking

Established market leader in the organized copper winding wire industry in India.

🌍 External Factors

Industry Trends

The industry is evolving with a shift toward EVs and high-efficiency motors, growing at a steady pace. PWIL is positioning itself by expanding capacity in value-added products like CTC for transformers.

Competitive Landscape

Intense competition from a fragmented market of small and medium unorganized players, though PWIL maintains an edge with reputable OEM clients.

Competitive Moat

Moat is based on long-standing OEM relationships (20+ years) and scale of operations, which are sustainable due to high switching costs for technical approvals in the power and auto sectors.