Precision Wires India Initiates Coverage with 'Buy' Rating, Target Price at INR 281

Precision Wires India Ltd. (PWIL), the leading player in the Copper Winding Wire Industry, has initiated coverage with a 'Buy' rating from Antique Stock Broking Limited. The target price is set at INR 281, based on 25x its IHFY28E EPS. The company is expected to report a revenue/EBITDA/PAT CAGR of 16%/35%/38% over FY25-28E, driven by EBITDA margin rising from 4.1% in FY25 to 6.5% in FY28E. The demand outlook for winding wires remains strong, led by the power sector, consumer durables, and EVs/Hybrids. PWIL is also setting up a backward integration Copper Recycling/Refining Project for captive consumption.