The floor price for the transaction is set at ₹740 per share, a 4.4% discount to the stock’s closing price of ₹773.95 on May 26, 2025, on the National Stock Exchange (NSE).
The block deal, facilitated by JM Financial, is scheduled for May 27 and will impose a 180-day lock-in period on the promoters’ remaining stake, currently at 49.37% as of March 2025. The sale is expected to enhance liquidity and broaden institutional ownership in the company, which has a market capitalisation of approximately ₹21,930 crore.
PG Electroplast, the flagship of the PG Group, specializes in original design manufacturing (ODM), original equipment manufacturing (OEM), and plastic injection molding, serving over 50 Indian and global brands. The company reported a 108.81% surge in net profit to ₹145.23 crore and a 77.4% increase in sales to ₹1,909.86 crore for the March 2025 quarter, driven by strong demand for consumer electronics like air conditioners and washing machines. For fiscal year 2025, net profit doubled to ₹287.80 crore on revenues of ₹4,869.53 crore, up 77.3% year-on-year.
The stock has soared 209.48% over the past 12 months and 955.26% over three years, significantly outperforming the Nifty 50’s 53.28% return. Analysts remain optimistic, with seven of nine recommending a “buy” or “strong buy” and an average 12-month target price of ₹993.33, implying a potential 28.3% upside.
The block deal follows PG Electroplast’s recent inclusion in the NSE’s futures and options (F&O) segment, effective June 27, alongside 360 One Wam, Amber Enterprises India, and Kfin Technologies, reflecting its growing market prominence. The company’s robust financials, strategic expansions, and planned ₹800-900 crore capital expenditure for FY26 to boost production capacity have fueled investor interest.
