Precision Wires India share price hit a 52-week high of ₹507.75, zooming 20% on the BSE in Friday's intra-day deals amid heavy volume. According to reports from Business Standard, the stock has demonstrated exceptional performance across multiple timeframes, with a 38% surge in the past month compared to a 0.5% rise in the BSE Sensex. In the past year, the market price skyrocketed 196%, significantly outperforming the benchmark index's 2% decline. Till 02:04 PM, the average trading volume at the counter jumped over 20-fold with a combined 8.79 million equity shares changing hands on the NSE and BSE.
The company has delivered remarkable financial results with standalone net sales reaching ₹1,743.46 crore in March 2026, representing a substantial 66.71% year-on-year growth compared to ₹1,237.41 crore in September 2025. As reported by Moneycontrol, this represents a significant acceleration from the 19.24% growth recorded in the previous year. The company's profit before interest, lease rentals, depreciation, and taxation (PBILDT) improved at a CAGR of 26% over the past five years ended FY26, while total operating income (TOI) grew at a CAGR of 19%. In FY26, the company reported a 36% year-on-year growth in TOI and a 71% y-o-y improvement in PBILDT driven by improvement in sales volume and favourable change in product mix towards higher value-added products.
Precision Wires India stands as the largest manufacturer of enamelled copper winding wires in India, with a comprehensive product range including enamelled round winding wires for electrical machines such as motors, generators, transformers, household appliances, auto-electricals, electrical hand tools, refrigeration (hermetic) motors, fans, switchgears, coils and relays, ballasts and other applications. The company also manufactures rectangular winding wires, enamelled, taped and CTC (continuously transposed conductors), and paper insulated copper conductors (PICC). The company caters to reputed original equipment manufacturing (OEM) companies in India and globally, with major clients including CG Power and Industrial Solutions Limited, Lucas TVS Limited, and Mitsuba India Private Limited. The company operates on a conversion-based model with fixed conversion charges and back-to-back order execution, which shields margins from copper price volatility.
The company has announced several significant corporate developments including a final dividend of ₹0.55 per equity share for FY26, subject to shareholder approval. According to recent reports, Precision Wires India has received credit rating affirmation from CARE A+; Stable for long-term bank facilities and CARE A1 for short-term facilities, totaling ₹453.08 crore and ₹1,644 crore respectively. The company has also sanctioned an unsecured working capital facility of up to ₹190 crore from RBL Bank and approved Axis Bank as the fourth secured lender for a ₹350 crore facility. Additionally, the board has approved the re-appointment of Krina Parekh as CFO effective from the 37th Annual General Meeting scheduled for August 10, 2026.
