Precision Wires India Stock Jumps 6% After Reporting 35% Revenue Growth to ₹5,410 Cr in FY26

Synopsis:Precision Wires India Limited delivered a strong FY26 performance, with revenue from operations rising 35% year-on-year to Rs. 5,410 crore and net profit jumping to Rs. 155.27 crore from Rs. 90.04 crore in FY25. The board also approved a final dividend of Rs. 0.55 per share, added Axis Bank Limited as a new secured lender for Rs. 350 crore, and approved a fresh unsecured working capital facility of Rs. 190 crore from RBL Bank Limited during its May 23, 2026 board meeting.

In a board meeting held on May 23, 2026, the Board of Directors of Precision Wires India Limited approved the audited standalone financial results for the quarter and full year ended March 31, 2026, with the numbers reflecting strong business momentum. Revenue from operations for FY26 stood at Rs. 5,410.18 crore, marking a solid 34.8% rise from Rs. 4,014.83 crore in FY25. Total income, including other operating income, came in at Rs. 5,463.43 crore compared to Rs. 4,035.62 crore in the previous year.

Shares of Precision Wires India Limited surged over 6% in Monday’s trading session, hovering around Rs. 441.50 after hitting a fresh 52-week high of Rs. 467.50 earlier in the day. The stock opened sharply higher at Rs. 448.00 compared to Friday’s close of Rs. 415.15, as investors reacted positively to the company’s blockbuster FY26 earnings, near-doubling in net profit, and Rs. 540 crore in fresh banking facilities. Trading activity remained highly robust, with substantial volumes exchanged by mid-session as the counter continued its strong structural rally.

Net profit for the full year increased sharply to Rs. 155.27 crore from Rs. 90.04 crore in FY25, representing year-on-year growth of around 72%. Profit before tax stood at Rs. 209.09 crore versus Rs. 120.37 crore in FY25, supported by strong operating leverage. 

Basic EPS for FY26 came in at Rs. 8.58 per share (face value Rs. 1) compared to Rs. 5.04 in FY25, while diluted EPS stood at Rs. 8.57. The standalone Q4 FY26 quarter was also particularly strong, with revenue of Rs. 1,762.85 crore and net profit of Rs. 54.87 crore compared to revenue of Rs. 1,054.38 crore and net profit of Rs. 29.58 crore in Q4 FY25, reflecting year-on-year growth of nearly 67% and 85% respectively in a single quarter.

The sharp increase in revenue was also accompanied by a major expansion in the balance sheet. Total assets rose from Rs. 1,253.97 crore as of March 31, 2025, to Rs. 2,249.21 crore as of March 31, 2026, almost doubling within a year. This growth was mainly driven by higher trade receivables, which increased from Rs. 556.62 crore to Rs. 925.41 crore, inventory expansion, and significant capital expenditure. Capital work-in-progress rose sharply from Rs. 30.04 crore to Rs. 182.98 crore, reflecting active investment in manufacturing capacity expansion, while Property, Plant and Equipment increased from Rs. 218.09 crore to Rs. 315.84 crore.

Equity also strengthened during the year, with total equity standing at Rs. 772.34 crore compared to Rs. 576.24 crore in FY25, supported by retained earnings and a preferential equity issue that raised Rs. 62.67 crore.

Operating cash flow remained healthy at Rs. 272.96 crore for the year, while the company invested Rs. 293.64 crore in fixed assets and Rs. 396.81 crore net in investing activities. These investments were funded through internal accruals and fresh borrowings of Rs. 231.94 crore. Cash and cash equivalents at the end of the year stood at Rs. 114.32 crore, compared to Rs. 38.74 crore at the beginning of the year.

Along with the financial results, the board approved two important banking arrangements. First, Axis Bank Limited was added as the fourth secured lender for a secured working capital facility of Rs. 350 crore, significantly improving the company’s liquidity position to support its fast-growing operations. Second, the board approved an unsecured working capital facility of up to Rs. 190 crore from RBL Bank. Together, these facilities provide Rs. 540 crore in additional banking support, giving the company stronger financial flexibility to maintain its growth momentum.

Dividend Announcement

The board declared a final dividend of Rs. 0.55 per share (55% on face value of Rs. 1) for FY26, subject to shareholder approval at the upcoming AGM. This comes in addition to two interim dividends of Rs. 0.35 each already paid during the year, taking the total FY26 dividend payout to Rs. 1.25 per share or 125% of face value.

About the Company

Precision Wires India Limited is India’s largest manufacturer of winding wires, particularly enamelled copper winding wires used in electrical motors, transformers, and other electrical equipment. Headquartered in Mumbai with manufacturing facilities in Silvassa, the company is led by Chairman and Managing Director Milan M. Mehta. It operates as a single business segment and serves as a key supplier to India’s electrical and power equipment industry, which continues to benefit from large-scale infrastructure and energy transition investments.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Precision Wires India Stock Jumps 6% After Reporting 35% Revenue Growth to ₹5,410 Cr in FY26 appeared first on Trade Brains.