PG Electroplast has emerged as the fastest growing B2C-focused original design manufacturer (ODM) in India, boasting the highest revenue growth among its listed peers from the fiscal year 2022 to 2024.

On December 4, 2024, the company's board approved a qualified institutional placement (QIP), setting the floor price at Rs 705.18 per share, with the proceeds intended for investments in subsidiaries and debt repayment.

The company provides comprehensive solutions across the product value chain, serving over 19 domestic and international brands, including services such as product conceptualization, design, prototyping, and assembly.

Management expects to see increased opportunities with both existing and new clients, targeting industry-leading revenue growth and enhanced margins in the coming years.

Since announcing a partnership with Spiro Mobility for electric vehicle manufacturing in India on November 19, 2024, PG Electroplast's stock has surged by 32%.

The company's growth is attributed to favorable government reforms such as Digital India and Make in India, alongside urbanization and rising income levels that are expanding the middle-class consumer base in India.

In the past nine months, PG Electroplast's stock has skyrocketed by 455%, climbing from Rs 148.70 on March 13, 2024.

For the fiscal year 2025, PG Electroplast has revised its revenue guidance to Rs 4,250 crore, reflecting a growth of 54.7% from the previous fiscal year, while net profit guidance has been set at Rs 250 crore, an increase of 82.5%.

The B2C market in India, valued at Rs 1,951 billion in fiscal year 2024, is projected to grow to Rs 6,282 billion by fiscal year 2029, with the B2B market expected to reach Rs 2,004 billion by the same year.

On December 5, 2024, PG Electroplast's share price reached a new high of Rs 825, marking a 7% increase following the announcement of the QIP aimed at raising Rs 1,500 crore.

Operating primarily in the consumer durables sector, PG Electroplast focuses on manufacturing room air conditioners, washing machines, and plastic moulding as both an ODM and contract manufacturer.