Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
Plaza Wires Limited, an Indian enterprise headquartered in New Delhi and established in 2006, is a manufacturer and distributor of various electrical goods. The company's product portfolio, primarily serving the Indian market, includes core electrical wires and cables, as well as a comprehensive selection of allied electrical items. These offerings span electric fans, water heaters, irons, switches, switchgear components, PVC insulated electrical tapes, and PVC conduit pipes with their associated fittings. Furthermore, the company engages in the marketing and sale of LT aluminum cables. Their products are marketed under distinct brand identities such as PLAZA CABLES, Action Wire, and PCG. Plaza Wires Limited operates a manufacturing plant located in Solan, Himachal Pradesh, and officially adopted its current name in March 2022, having previously been incorporated as Plaza Wires Private Limited.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB