Precision Wires India Stock Hits 52-Week High, Surges 20%
By Business Desk
Precision Wires India stock surged 20% to a 52-week high of ₹507.75, outperforming benchmarks with impressive annual gains. Explore the company’s growth.
Precision Wires India’s stock surged 20% during Friday’s intra-day trading, hitting a 52-week high of ₹507.75 on the BSE. This significant move was accompanied by substantial trading volume, highlighting strong investor interest.
Exceptional Market Outperformance
- One-month gain: 38% (vs. BSE Sensex 0.5%)
- Year-to-date (2026) increase: 103% (vs. benchmark index almost 8% decline)
- Annual rise (last year): 196% (vs. benchmark index 2% fall)
The company specializes in manufacturing copper winding wires, continuously transposed conductors (CTC), and paper insulated copper conductors (PICC). These are vital components for various rotating and static electrical equipment.
Consistent Operational Growth
- Total Operating Income (TOI) CAGR over five years ending FY26: 19%
- Profit Before Interest, Lease Rentals, Depreciation, and Taxation (PBILDT) CAGR over five years ending FY26: 26%
- FY26 TOI year-on-year growth: 36%
- FY26 PBILDT year-on-year improvement: 71%
Increased sales volume and a strategic shift towards higher value-added product offerings primarily drove the FY26 performance. CareEdge Ratings noted the company’s conversion-based model, which includes fixed conversion charges and back-to-back order execution, effectively shielding margins from copper price volatility.
Precision Wires maintains a leading position within the organized copper winding wires industry. Its estimated installed capacity stood at 55,000 metric tonnes per annum (MTPA) as of March 31, 2026, with projections to reach 61,700 MTPA by the end of FY27.
The company serves prominent original equipment manufacturing (OEM) companies both in India and internationally, fostering long-term business relationships. Key clients include CG Power and Industrial Solutions Limited, Lucas TVS Limited, and Mitsuba India Private Limited, operating across diverse sectors like power, automotive, and consumer durables.
A copper recycling facility is slated for commissioning by FY27-end, aiming to partially fulfill copper cathode requirements through captive production. CareEdge Ratings anticipates this initiative will enhance cost efficiencies and improve operating competitiveness and profitability margins in the medium term.