Pg electroplast share price: Veteran Electronics Manufacturing Services (EMS) Company- PG Electroplast Ltd’s step-down subsidiary- Next Generation Manufacturers Private Limited has signed a ₹ 1,000 crore MoU (MOO) with the Government of Maharashtra. The agreement is for the Greenfield Consumer Electronics Plant, which will be set up at Kamargaon, Ahilyanagar.
More than 5,000 jobs will be created
This project is part of the state’s Magnetic Maharashtra initiative. Under this, integrated manufacturing capacity will be developed for air conditioners, washing machines, refrigerators and other affiliated products.
It is estimated that the project of PG Electroplast will create more than 5,000 direct and indirect jobs. This will promote consumer electronics ecosystem in western India.
Agreement in the presence of Chief Minister
The agreement was formally reached in Mumbai in the presence of Maharashtra Chief Minister Devendra Fadnavis and Industry Minister Uday Samant. PG Electroplast said that this facility would be vertically integrated and will strengthen local components ecosystems.
PG Electroplast Pressure Pressure
The deal with the Maharashtra government is done at a time when PG Electroplast shares are under pressure. On Friday, the stock on the NSE fell 1.55% to close at ₹ 532.85. The stock has come down 34.35% in the last 1 month. At the same time, this year i.e. 2025 has fallen by 47.95% so far. The market cap of PG Electroplast is ₹ 15.02 thousand crores.
The reason for the decline in shares
In recent weeks, the company had reduced the Revenue Growth Guidance of FY26 from 30.3% to 17–19%. At the same time, the estimate of net profit was reduced from ₹ 405 crore to ₹ 300–310 crore. This was followed by a decline of up to 35% in shares.
However, in a conversation with CNBC-TV18, Vikas Gupta of PG Electroplast said that at the moment he does not see any fears of any downside risk on revised guidance and promoters are fully committed to business.
Brokerage’s trust maintained
Despite the PG Electroplast’s Commercial Growth Expectation and the reduced Capex plans, the veteran brokerage firm Nuvama has retained the ‘Buy’ rating on the stock. However, it has reduced the target price from ₹ 1,100 to ₹ 710. This shows an increase of 33.23% from the current level.
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