Precision Wires India Limited (PWIL), incorporated in 1992, has emerged as a prominent manufacturer in the Indian electrical components sector. Originally part of Atlas Wires Ltd. (Atlas) and founded by Mahendra Mehta & family, PWIL merged with Atlas in 2001 and has since become a leading entity in the wire industry. PWIL holds the distinction of being the largest producer of Winding Wires in South Asia. The company is headquartered in Mumbai and specializes in the manufacturing of a wide array of high-grade wires and cables for diverse industrial applications.
Precision Wires India Limited operates at the forefront of the organized copper winding wires market in India, with its core business involving the conversion of copper into winding wires. These wires are fundamental components within the supply chain for the manufacturing of electrical goods. With an installed capacity of approximately 48,000 MT/year, which is being expanded to 59,000 MT/year, PWIL solidifies its position as the largest producer of Winding Wires in South Asia.
The company's state-of-the-art manufacturing facilities, located in Silvassa, produce a comprehensive range of products. This includes:
- Enamelled Round and Rectangular Copper Winding Wires
- Continuously Transposed Conductors (CTC)
- Paper/Mica/Nomex® Insulated Copper Conductors (PICC)
- Submersible Winding Wires
These products are utilized globally by the electrical and electronics industry, serving original equipment manufacturers (OEMs) for static and rotating electric equipment, auto-electrical, electronics, refrigeration and air conditioning, consumable durables, and other related industries.
PWIL operates modern manufacturing facilities equipped with sophisticated production capabilities. The company boasts an installed capacity of approximately 40,000 megatons (MT)/year. These production facilities are strategically located at Silvassa, where multiple units have been established over the years. The development of new units, including Unit III, has been a result of the company's continuous expansion, modernization, and diversification efforts at its Silvassa sites. Significant expansion, modernization, and diversification projects at these units were completed and became operational in the 2006-07 fiscal year.
Precision Wires India Limited has built a strong reputation for the quality, reliability, and integrity of its products. This, coupled with its extensive history and deep expertise in the wire industry, has enabled PWIL to foster long-term associations with leading manufacturers across various applications. These applications include motors, transformers, generators, and other critical electrical equipment. The company has firmly established itself as a significant player in the electrical components sector, with a particular dominance in the winding wire segment.
As of the latest trading session, the market capitalization of Precision Wires India Ltd stands at ₹3,310.89 Crore. The company has demonstrated consistent growth across various financial parameters in recent quarters.
- Full Year (ended March 2025): Sales increased by 21.60% to ₹4,014.83 crore, compared to ₹3,301.69 crore in the previous year (ended March 2024).
- Quarterly (ended March 2025): Sales rose by 19.11% to ₹1,045.83 crore, compared to ₹878.03 crore in the corresponding quarter of the previous year (ended March 2024).
- Quarterly (ended December 2024): Sales increased by 22.46% to ₹979.10 crore, compared to ₹799.51 crore in the previous quarter (ended December 2023).
- Full Year (ended March 2025): Net profit increased by 23.60% to ₹90.04 crore, compared to ₹72.85 crore in the previous year (ended March 2024).
- Quarterly (ended March 2025): Net profit of Precision Wires India rose by 34.95% to ₹29.58 crore, compared to ₹21.92 crore in the corresponding quarter of the previous year (ended March 2024).
- Quarterly (ended December 2024): Net profit increased by 4.99% to ₹18.95 crore, compared to ₹18.05 crore in the previous quarter (ended December 2023).
Precision Wires India Limited maintains a robust dividend policy, characterized by regular interim and final dividend declarations. The Board of Directors of the Company, in its meeting held on February 12, 2025, recommended an Interim Dividend of ₹0.30 per share (30%), subject to shareholder approval. Furthermore, on May 17, 2025, the Board recommended a Final Dividend of ₹0.50 per equity share (50%), also subject to shareholder approval.
As of May 27, 2025, at 15:29 IST, the 52-week high stock price for Precision Wires India was ₹221.00, and the low was ₹103.55. The stock is actively traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol PRECWIRE, ensuring good liquidity and investor accessibility.
The company remains committed to its strategic initiatives focused on capacity expansion and modernization. In a significant move towards future growth, the Board of Precision Wires India is scheduled to convene on May 17, 2025. The agenda includes considering a proposal for raising funds through the issuance of equity shares or other securities. This could be achieved via a Qualified Institutions Placement (QIP) or other permissible methods, in strict accordance with SEBI regulations and other applicable laws, subject to necessary approvals.
Precision Wires India Limited's strategic positioning as the largest winding wire manufacturer in South Asia, coupled with its extensive product portfolio and consistent financial performance, places it favorably for sustained growth within the electrical components industry. With ongoing investments in capacity expansion and a steadfast focus on quality and innovation, PWIL continues to be a key player in the Indian manufacturing sector.
