Precision Wires India Ltd (PRECWIRE) — share price & stock analysis
Profits are up 53% in two years.
Precision Wires India Ltd (PRECWIRE) trades at ₹402 as of 1 July 2026, up 115% over the past year — beating NIFTY 500 for 49 weeks. The machine reads this as steady growth: profits are up 53% in two years. the price is in Stage 2 — advancing, 56 weeks in; the business cycle reads STEADY / EXPANSION. Fundamentals-momentum score: 83/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹7,345 Cr
- P/E
- 434×
- ROE
- 8.9%
- Book value / share
- ₹11.2
- Revenue (FY25)
- ₹4,015 Cr
- Profit after tax (FY25)
- ₹90 Cr
- Weinstein stage
- Stage 2 (56 weeks)
- Data as of
- 1 July 2026
This is a steady business by its own record — profit dips never exceeded 29% across 12 years. The cycle matters less than execution here.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are near the bottom of their band, and valuation history is thin. That reads as EXPANSION — the middle of the cycle with margins still near their own lows — if margins mean-revert upward there is fuel left; if they don’t, growth has to do all the work.net_profit
One tension to hold: profits are compounding while margins sit near the bottom of their own historical band. That cuts both ways — there is recovery left to collect if margins climb back, but it also means today’s growth is being earned on thin economics.
4 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 27% — a high-quality engine; effectively no debt; margins near the bottom of their band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
The price is in a confirmed uptrend — 56 weeks and counting
STAGE 2 · ADVANCING · 56 WEEKSStock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 56 weeks in, confirmed.stage
The price sits above its rising 200-day average (₹310 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 49 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 8.6 | 9.5 | 9.8 | 4 |
| May 16 | 12.6 | 9.8 | 10.4 | 2 |
| Aug 16 | 13.8 | 11.2 | 13.2 | 2 |
| Nov 16 | 14.4 | 13.1 | 15.6 | 2 |
| Jan 17 | 16.5 | 14.1 | 15.6 | 2 |
| Apr 17 | 17.5 | 15.1 | 16.3 | 2 |
| Jul 17 | 20.3 | 16.8 | 19.2 | 2 |
| Oct 17 | 28.5 | 19.3 | 23.6 | 2 |
| Dec 17 | 39.2 | 24.4 | 31.8 | 2 |
| Mar 18 | 36.6 | 30.3 | 37.4 | 2 |
| Jun 18 | 37.5 | 34.1 | 38.1 | 2 |
| Sep 18 | 32.0 | 33.4 | 32.9 | 4 |
| Nov 18 | 30.8 | 31.6 | 29.7 | 4 |
| Feb 19 | 24.7 | 30.5 | 28.1 | 4 |
| May 19 | 25.1 | 28.9 | 26.5 | 4 |
| Aug 19 | 20.3 | 26.9 | 23.9 | 4 |
| Nov 19 | 25.3 | 24.5 | 21.8 | 4 |
| Jan 20 | 21.1 | 23.1 | 21.5 | 4 |
| Apr 20 | 11.7 | 19.5 | 13.7 | 4 |
| Jul 20 | 13.6 | 16.3 | 12.8 | 4 |
| Oct 20 | 20.3 | 16.0 | 15.7 | 4 |
| Dec 20 | 20.9 | 17.5 | 19.7 | 2 |
| Mar 21 | 25.7 | 19.8 | 23.3 | 2 |
| Jun 21 | 29.7 | 22.6 | 26.4 | 2 |
| Sep 21 | 32.2 | 26.0 | 30.1 | 2 |
| Nov 21 | 38.1 | 30.2 | 36.5 | 2 |
| Feb 22 | 64.9 | 42.9 | 61.0 | 2 |
| May 22 | 47.5 | 48.3 | 55.3 | 2 |
| Aug 22 | 56.1 | 47.6 | 48.1 | 4 |
| Oct 22 | 59.0 | 52.1 | 57.2 | 2 |
| Jan 23 | 76.8 | 61.6 | 73.5 | 2 |
| Apr 23 | 70.8 | 63.6 | 66.7 | 2 |
| Jul 23 | 92.8 | 71.9 | 82.9 | 2 |
| Sep 23 | 139 | 85.1 | 105 | 2 |
| Dec 23 | 123 | 101 | 119 | 2 |
| Mar 24 | 122 | 116 | 133 | 2 |
| Jun 24 | 127 | 122 | 131 | 2 |
| Aug 24 | 183 | 138 | 160 | 2 |
| Nov 24 | 174 | 161 | 186 | 2 |
| Feb 25 | 143 | 164 | 163 | 2 |
| May 25 | 132 | 153 | 140 | 4 |
| Aug 25 | 175 | 166 | 180 | 2 |
| Oct 25 | 201 | 176 | 192 | 2 |
| Jan 26 | 225 | 204 | 235 | 2 |
| Apr 26 | 340 | 240 | 293 | 2 |
| Jun 26 | 392 | 296 | 386 | 2 |
| Jul 26 | 402 | 310 | 397 | 2 |
Profits have grown in 8 of the last 11 years — this is a compounding machine
Over 11 years, sales went from ₹982 Cr to ₹4,015 Cr (about 14% a year), and profit from ₹14.0 Cr to ₹90.0 Cr.revenuenet_profit
Margins held steady throughout (3.5–6.2%) — disciplined growth.operating_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 982 |
| FY15 | 881 |
| FY16 | 843 |
| FY17 | 884 |
| FY18 | 1,408 |
| FY19 | 1,758 |
| FY20 | 1,526 |
| FY21 | 1,719 |
| FY22 | 2,683 |
| FY23 | 3,034 |
| FY24 | 3,302 |
| FY25 | 4,015 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 14 |
| FY15 | 10 |
| FY16 | 17 |
| FY17 | 23 |
| FY18 | 36 |
| FY19 | 42 |
| FY20 | 32 |
| FY21 | 39 |
| FY22 | 63 |
| FY23 | 59 |
| FY24 | 73 |
| FY25 | 90 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 5.5 |
| FY15 | 5.3 |
| FY16 | 6.2 |
| FY17 | 6.1 |
| FY18 | 6.0 |
| FY19 | 5.3 |
| FY20 | 4.8 |
| FY21 | 4.6 |
| FY22 | 4.4 |
| FY23 | 3.5 |
| FY24 | 4.1 |
| FY25 | 4.1 |
Sales grew 19% last quarter — growth every single quarter for over 2 years
Sep 25 sales were ₹1,237 Cr, up 19% on the same quarter last year.revenue
That makes 9 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Dec 22 | 704 | – |
| Mar 23 | 800 | – |
| Jun 23 | 803 | – |
| Sep 23 | 829 | – |
| Dec 23 | 805 | 14.3 |
| Mar 24 | 884 | 10.5 |
| Jun 24 | 955 | 18.9 |
| Sep 24 | 1,044 | 25.9 |
| Dec 24 | 982 | 22.0 |
| Mar 25 | 1,054 | 19.2 |
| Jun 25 | 1,116 | 16.9 |
| Sep 25 | 1,237 | 18.5 |
Margins are holding steady
Of every ₹100 of sales, the company keeps ₹5.9 as operating profit (a year ago it kept ₹5.6).opm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 7.8 | 4.5 | 2.1 |
| Sep 23 | 7.8 | 4.2 | 2.0 |
| Dec 23 | 8.6 | 4.8 | 2.2 |
| Mar 24 | 8.9 | 4.9 | 2.5 |
| Jun 24 | 8.2 | 4.7 | 2.3 |
| Sep 24 | 7.5 | 4.1 | 1.9 |
| Dec 24 | 7.9 | 4.1 | 1.9 |
| Mar 25 | 9.6 | 5.6 | 2.8 |
| Jun 25 | 8.7 | 5.3 | 2.4 |
| Sep 25 | 9.2 | 5.7 | 2.9 |
| Dec 25 | 9.0 | 5.6 | 2.8 |
| Mar 26 | 9.2 | 5.9 | 3.1 |
Profit exploded 90% — mostly from keeping more of each sale
Sep 25 profit after tax was ₹36.0 Cr, up 90% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Dec 22 | 15.0 | – |
| Mar 23 | 13.0 | – |
| Jun 23 | 17.0 | – |
| Sep 23 | 16.0 | – |
| Dec 23 | 18.0 | 20.0 |
| Mar 24 | 22.0 | 69.2 |
| Jun 24 | 22.0 | 29.4 |
| Sep 24 | 19.0 | 18.8 |
| Dec 24 | 19.0 | 5.6 |
| Mar 25 | 30.0 | 36.4 |
| Jun 25 | 27.0 | 22.7 |
| Sep 25 | 36.0 | 89.5 |
The single biggest driver was keeping more of each sale.
Data: Where the profit change came from (Sep 24 → Sep 25)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Sep 24 | 19 |
| More sales | +8 |
| Fatter margins | +20 |
| Depreciation | −3 |
| Interest | −3 |
| Tax | −5 |
| PAT Sep 25 | 36 |
The profits are real — they turn into cash
Over the last 5 profitable years, the business reported ₹324 Cr of profit and collected ₹409 Cr of operating cash — about 126% conversion.operating_cash_flownet_profit
When cash tracks profit this closely, the earnings need no asterisk.
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | 6.0 | 14.0 |
| FY15 | 32.0 | 10.0 |
| FY16 | 45.0 | 17.0 |
| FY17 | 13.0 | 23.0 |
| FY18 | 95.0 | 36.0 |
| FY19 | 59.0 | 42.0 |
| FY20 | 48.0 | 32.0 |
| FY21 | 61.0 | 39.0 |
| FY22 | 43.0 | 63.0 |
| FY23 | 77.0 | 59.0 |
| FY24 | 60.0 | 73.0 |
| FY25 | 168 | 90.0 |
The cash cycle is stable
One rupee now takes about 25 days to go out the door as materials and come back as collected cash — down from 30 days the year before.cash_conversion_cycle
The biggest mover: inventory moving faster off the shelf (35 → 30 days).inventory_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY14 | 69.0 | 32.0 | 60.0 |
| FY15 | 57.0 | 46.0 | 52.0 |
| FY16 | 58.0 | 50.0 | 55.0 |
| FY17 | 75.0 | 53.0 | 61.0 |
| FY18 | 66.0 | 32.0 | 71.0 |
| FY19 | 61.0 | 29.0 | 62.0 |
| FY20 | 64.0 | 29.0 | 55.0 |
| FY21 | 93.0 | 39.0 | 100 |
| FY22 | 65.0 | 33.0 | 70.0 |
| FY23 | 55.0 | 30.0 | 57.0 |
| FY24 | 47.0 | 35.0 | 51.0 |
| FY25 | 51.0 | 30.0 | 56.0 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹127 Cr (FY14) to ₹218 Cr, with another ₹30.0 Cr of capacity under construction right now.fixed_assetscwip
The build is self-funded: the last 3 years' investing outflow (₹183 Cr) fits inside the operating cash the business generated (₹305 Cr).investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 127 | 3.0 |
| FY15 | 87.0 | 3.0 |
| FY16 | 80.0 | 12.0 |
| FY17 | 82.0 | 5.0 |
| FY18 | 79.0 | 10.0 |
| FY19 | 113 | 10.0 |
| FY20 | 115 | 4.0 |
| FY21 | 110 | 2.0 |
| FY22 | 100 | 6.0 |
| FY23 | 116 | 10.0 |
| FY24 | 139 | 19.0 |
| FY25 | 218 | 30.0 |
Almost no debt — this company cannot be killed by a bad year
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹11.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 53.0 |
| FY15 | 38.0 |
| FY16 | 28.0 |
| FY17 | 38.0 |
| FY18 | 33.0 |
| FY19 | 30.0 |
| FY20 | 31.0 |
| FY21 | 22.0 |
| FY22 | 22.0 |
| FY23 | 16.0 |
| FY24 | 99.0 |
| FY25 | 62.0 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 0.3 |
| FY15 | 0.2 |
| FY16 | 0.1 |
| FY17 | 0.2 |
| FY18 | 0.1 |
| FY19 | 0.1 |
| FY20 | 0.1 |
| FY21 | 0.1 |
| FY22 | 0.1 |
| FY23 | 0.0 |
| FY24 | 0.2 |
| FY25 | 0.1 |
Every ₹100 kept in the business now earns ₹27 — and the number is rising
Return on capital employed is 27.0% (a year ago: 25.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY14 | 17.0 |
| FY15 | 13.0 |
| FY16 | 17.0 |
| FY17 | 18.0 |
| FY18 | 28.0 |
| FY19 | 29.0 |
| FY20 | 20.0 |
| FY21 | 20.0 |
| FY22 | 30.0 |
| FY23 | 26.0 |
| FY24 | 25.0 |
| FY25 | 27.0 |
Promoters have trimmed their stake — 1.3 points over 8 quarters
Promoters hold 56.6% (down 1.3 points over 8 quarters). Foreign funds own 1.6%, domestic funds 0.1%.promoters_pctfiis_pctdiis_pct
A falling promoter stake is a red flag until explained — it can be a fund-raise or an exit; the difference matters.promoters_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 57.9 | 0.5 | 0.0 |
| Sep 23 | 57.9 | 0.1 | 0.0 |
| Dec 23 | 57.9 | 0.0 | 0.0 |
| Mar 24 | 57.9 | 0.1 | 0.0 |
| Jun 24 | 57.9 | 0.3 | 0.0 |
| Sep 24 | 57.9 | 0.3 | 0.0 |
| Dec 24 | 57.9 | 0.4 | 0.0 |
| Mar 25 | 57.9 | 0.5 | 0.0 |
| Jun 25 | 57.9 | 0.8 | 0.0 |
| Sep 25 | 57.5 | 0.8 | 0.0 |
| Dec 25 | 56.6 | 1.3 | 0.1 |
| Mar 26 | 56.6 | 1.7 | 0.1 |
Worth studying deeper — with eyes open
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: free cash flow rising (₹−34.0 Cr → ₹69.0 Cr).operating_cash_flow
Biggest worry: promoter holding falling (57.9% → 56.6%).promoters_pct
One dissent worth hearing: our valuation cycle lens reads negative — “PE at at peak — high risk of contraction. PE at 95th percentile of 10Y range. PE is +925% vs 10Y median. PE change driven by: UNKNOWN. EV/EBITDA significantly a”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Precision Wires India Ltd do?
Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia. [1][2][3]. It is listed in the Copper Wires sector with a market capitalisation of ₹7,345 Cr.
What is Precision Wires India Ltd's share price?
As of 1 July 2026, Precision Wires India Ltd trades at ₹402, up 115% over the past year, with a market capitalisation of ₹7,345 Cr. Beating NIFTY 500 for 49 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Precision Wires India Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Precision Wires India Ltd's intrinsic value at ₹269 per share under base assumptions (bear ₹87.0, bull ₹269), against the current price of ₹402 — a 32% premium to model value. The current price already implies roughly 31% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did Precision Wires India Ltd report in its latest quarterly results?
In its most recent reported quarter (Q2 FY26, quarter ended September 2025): Sep 25 sales were ₹1,237 Cr, up 19% on the same quarter last year. Sep 25 profit after tax was ₹36.0 Cr, up 90% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Precision Wires India Ltd growing?
Sales grew 19% last quarter — growth every single quarter for over 2 years. Sep 25 sales were ₹1,237 Cr, up 19% on the same quarter last year.
Are Precision Wires India Ltd's profits growing?
Profit exploded 90% — mostly from keeping more of each sale. Sep 25 profit after tax was ₹36.0 Cr, up 90% year on year.
What are Precision Wires India Ltd's operating margins?
Margins are holding steady. In the most recent quarter, of every ₹100 of sales, the company keeps ₹5.9 as operating profit (a year ago it kept ₹5.6).
What is Precision Wires India Ltd's long-term growth record?
Revenue grew from ₹982 Cr in FY14 to ₹4,015 Cr in FY25 — a 13.7% compound annual growth rate over 11 years. Profit after tax compounded at 18.4% over the same period (₹14 Cr → ₹90 Cr).
Is Precision Wires India Ltd stock in an uptrend?
The price is in a confirmed uptrend — 56 weeks and counting. Precision Wires India Ltd is in Stage 2 — advancing, 56 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Precision Wires India Ltd stock rising?
The price is up 115% over the past year, in a confirmed Stage 2 uptrend (56 weeks), and has beaten NIFTY 500 for 49 weeks.
Is Precision Wires India Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 49 weeks, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Precision Wires India Ltd in its business cycle?
The data reads Precision Wires India Ltd as a steady business currently in its expansion phase — earnings at an all-time high for this company. This is a steady business by its own record — profit dips never exceeded 29% across 12 years. The cycle matters less than execution here.
Who owns Precision Wires India Ltd — what is the promoter holding?
Promoters hold 56.6% (down 1.3 points over 8 quarters). Foreign funds own 1.6%, domestic funds 0.1%. A falling promoter stake is a red flag until explained — it can be a fund-raise or an exit; the difference matters. Shareholding is from Screener's quarterly filings data.
Does Precision Wires India Ltd have too much debt?
Almost no debt — this company cannot be killed by a bad year. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹11.
What is the bull case for Precision Wires India Ltd?
Profits are up 53% in two years. Best thing in the data: free cash flow rising (₹−34.0 Cr → ₹69.0 Cr). Sales grew 19% last quarter — growth every single quarter for over 2 years.
What is the bear case for Precision Wires India Ltd — what could break the story?
Biggest worry: promoter holding falling (57.9% → 56.6%). Two quarters of margins reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 9%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Precision Wires India Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: worth studying deeper — with eyes open. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 64% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.