Why Are PG Electroplast Shares Falling Today? PGEL Stock Down 30% In 2 Days; Brokerage Revises Target Price

PG Electroplast Share Price Today: Shares of PG Electroplast crashed nearly 15% on Monday continuing their downward trajectory. With the Monday's decline, PGEL shares have fallen nearly 30% in last two trading sessions after the consumer electronics company announced its June quarter results.

PG Electroplast shares were trading 15% lower at Rs 500.5 per share on BSE with a market capitalisation of Rs 14,182.70 crore at 11:30 am. The stock had touched an intraday high mark of Rs 559 per share and an intraday low mark of Rs 473.2 apiece.

Why Are PG Electroplast Shares Falling Today?

PG Electroplast shares crashed on Monday after brokerage Nuvama revised its target price for the stock. The stock is already under pressure over the past few trading sessions post the announcement of quarterly result. PG Elecroplast, last week, reported a decline in consolidated net profit to Rs 6,671.16 crore in the June quarter of financial year 2025-26 against Rs 8,492.84 crore in the June quarter of previous financial year.

However, the company's consolidated revenue from operations increased to Rs 150,385.04 crore in Q1FY26 against Rs 132,068.40 crore reported in the year ago period. The second round of free fall in PG Electroplast share price today has come after brokerage Nuvama revised the stock's valuation. PGEL reduced its profit after tax (PAT) guidance by 23% year-on-year to Rs 3.2 billion as it lowered product's growth guidance to 18% in the wake of cancellations.

"Given significant RAC inventories (brand + channel; 4-5mn units), PGEL would witness a very weak Q2 and Q3 in our view. We are slashing FY26E/27E/28E EPS by 36%/25%/10% on lower RAC growth and margin assumptions, and we also bake in higher interest cost for FY26E, yielding a Jun-26E TP of INR710 (45x Jun-27E EPS versus INR1,100 based 55x Jun-27E EPS)," noted Nuvama in its report.

PG Electroplasts Share Price Target

The brokerage had revised PG Electroplasts share price target while retaining a 'Buy' rating for the stock. The brokerage had fixed Rs 710 as the target price for the stock.
"We are cutting FY26E/27E/28E EPS by 36%/25%/10% as we lower RAC growth and margin assumptions and also bake in higher interest costs for FY26E, yielding a Jun26E TP of INR710 (45x Jun-27E EPS versus INR1,100, based on 55x Jun-27E EPS)," noted Nuvama in its report.

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