Precision Wires' 4.29% margin trails Industrials median by 7.52 pp
Standalone net profit was Rs 46.45 cr, with the stock falling 4.41% on the market reaction date.
Filed 21 Oct 2026, 12:48 IST · Precision Wires India Ltd (PRECWIRE)
Key takeaways
- Standalone operating margin was 4.29%, 7.52 percentage points below the Industrials peer median.
- Interest of Rs 14.48 cr and depreciation of Rs 8.28 cr reduced profit after operating expenses of Rs 1,694.60 cr.
- The stock fell 4.41% on the reaction date, while trading volume reached 4.28 times its reference level.
Price around the results
Low operating margin leaves limited profit cushion
Precision Wires reported a standalone operating margin of 4.29% in Q1FY27, leaving a wide gap to the 11.81% median for 285 Industrials peers that had reported the quarter. Interest of Rs 14.48 cr and depreciation of Rs 8.28 cr further reduced the operating contribution before tax. Other income of Rs 8.76 cr provided a non-operating contribution alongside profit before tax of Rs 61.89 cr.
Profit conversion after finance and depreciation charges
The company converted operating profit of Rs 75.89 cr into net profit of Rs 46.45 cr after interest, depreciation and tax. The reported tax rate was 24.94%, while EPS stood at Rs 2.54. With no comparative period data in this release, the quarter is best read through its low operating margin and the charges below it.
Market reaction was negative with elevated volume
The stock fell 4.41% on the reaction date and was down 2.54% after one trading day. It later stood 5.75% higher after five trading days and 15.13% higher after 30 trading days. Volume on the reaction date was 4.28 times the reference level, but no historical post-results pattern is available here to judge whether the initial move was unusual.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,770 cr |
| Other income | ₹9 cr |
| Expenses | ₹1,695 cr |
| Operating profit | ₹76 cr |
| Operating margin (%) | 4.29% |
| Interest | ₹14 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹62 cr |
| Tax | ₹15 cr |
| Net profit | ₹46 cr |
| EPS (₹) | ₹2.54 |
Operating margin of 4.29% compares with a Industrials sector median of 11.81% across 285 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -4.41% | -3.95% |
| Next session | -2.54% | — |
| 5 sessions | +5.75% | +7.49% |
| 15 sessions | +14.77% | — |
| 30 sessions | +15.13% | — |
Volume on the results session was 4.28× its 20-day average.
What to watch
- Whether operating margin moves above 4.29% in the next reported quarter.
- Whether interest remains close to Rs 14.48 cr as operating profit changes.
- Whether Precision Wires narrows its 7.52-percentage-point gap with the Industrials peer median.