Financial Performance
Precision Wires India Limited reported exceptional financial results for FY 2025-26, with revenue increasing 35% to Rs 5,41,018.05 lakhs and net profit surging 72% YoY to Rs 15,526.80 lakhs. Basic EPS stood at Rs 8.59 compared to Rs 5.04 in the previous year. Cash flow from operations improved significantly by 63% to Rs 27,295.96 lakhs, reflecting strong operational efficiency.
Capital Structure & Fundraising
The company completed a preferential allotment of 41.50 lakh equity shares at Rs 151 per share (including premium of Rs 150 per share), raising Rs 6,225 lakhs in premium and increasing paid-up capital to Rs 1,828.08 lakhs. This was funded through term loans of Rs 18,500.14 lakhs from HDFC Bank and ICICI Bank at interest rates ranging between 7.75% to 8.40%.
Expansion & Capacity Enhancement
Significant capital expenditure of Rs 29,364.46 lakhs was incurred on fixed assets, including ongoing capacity additions at Silvassa units and completion of a copper rod manufacturing facility at Valvada, Gujarat. The company's installed capacity reached approximately 55,000 MT/PA, with additional projects expected to be completed in FY26-27 and FY27-28.
Dividend & Corporate Actions
The board proposed a final dividend of Rs 0.55 per share (55%) for shareholder approval at the 37th Annual General Meeting scheduled for August 10, 2026. Total dividend payout for FY 2025-26 would amount to 125% (Rs 1.25 per equity share) including two interim dividends of 35% each already paid during the year.
Operational Highlights
Production, sales, and revenue from operations showed substantial growth compared to the preceding year. Export performance was particularly strong with 71% growth in export revenue to Rs 82,893.71 lakhs, contributing 14.83% of total turnover. The company faced headwinds from copper prices increasing approximately 15% in USD terms and INR weakening by 4.5%.
Corporate Governance & Compliance
The company maintained full compliance with SEBI regulations and Companies Act provisions. The board proposed amendments to the Memorandum and Articles of Association to expand business objects and align share issuance provisions with SEBI ICDR Regulations. All mandatory committees were constituted and functional throughout the year.
Outlook & Risk Factors
The company continues to invest in expansion projects while managing risks related to geo-political tensions affecting oil prices, currency volatility, potential interest rate hardening, supply constraints in domestic copper market, and impact of US trade tariffs on Indian products.