This Winding Wires Stock Rises 159% in 1 Year: Record Profits Power the Rally

This winding wires stock has gained approximately 159% in the past year, turning a holding of Rs 1 lakh into roughly Rs 2.59 lakh. The move came on the back of record revenue, profit that grew faster than sales and steady capacity additions, which is why this winding wires stock now sits near the top of the small-cap table.

The company is Precision Wires India Ltd (NSE: PRECWIRE), the country's largest maker of copper winding wires used in transformers, motors, fans, compressors and electric vehicles. The Precision Wires share price closed at Rs 464.65 on 10 September 2026, giving the company a market value of approximately Rs 8,466 crore. This winding wires stock was among the top 31 performers on a screen of 195 NSE small-cap stocks dated 11 September 2026.

Click Here – Get Free Investment Predictions

How Much Has This Winding Wires Stock Gained?

The winding wires stock returned approximately 159% over one year, from a close of Rs 179.41 on 10 September 2025 to Rs 464.65 on 10 September 2026. Longer periods are even stronger for this winding wires stock, because the rally started well before the last year.

Period	Return (%)
1 Month	Approximately 7.2%
6 Months	Approximately 31.8%
1 Year	Approximately 159%
3 Years	Approximately 357%
5 Years	Approximately 1,345%

All figures are calculated from adjusted closing prices and are approximate. The company split its shares from Rs 5 to Re 1 face value in December 2021 and issued a 1:2 bonus in December 2022. Both events fall outside the 1-year window, so the 159% gain reflects real price appreciation and not a corporate action.

A year ago this winding wires stock traded around Rs 179. It touched a 52-week low of Rs 178.80 on 10 September 2025 and a 52-week high of Rs 524.90 on 31 August 2026. The Precision Wires share price is now about 11% below that peak, and it traded near Rs 464 in early trade on 11 September 2026.

Why Did This Winding Wires Stock Rise So Sharply?

This winding wires stock rose because earnings accelerated sharply. Revenue grew about 35% in FY26 and profit grew about 72%, followed by an even faster June 2026 quarter. Capacity expansion, a better product mix and rising institutional interest added to the move.

1. Record FY26 Revenue and Profit

Revenue from operations climbed to approximately Rs 5,410 crore in FY26 from Rs 4,015 crore in FY25. Net profit rose to around Rs 155 crore from Rs 90 crore, an increase of about 72%. That was the fastest profit growth the winding wires stock had delivered in several years.

The March 2026 quarter set the tone. Revenue from operations reached approximately Rs 1,743 crore against Rs 1,046 crore a year earlier, and profit jumped about 85% to Rs 54.9 crore. The winding wires stock rose more than 10% on 25 May 2026 to a then 52-week high of Rs 467.50.

2. A Strong Start to FY27

In the June 2026 quarter, revenue from operations rose about 60% year on year to approximately Rs 1,770 crore. Net profit increased about 71.5% to Rs 46.45 crore, and earnings per share rose to Rs 2.54 from Rs 1.52. The winding wires stock gained 4.7% the day after the results, and it hit an intraday high of Rs 474.90 on 13 August.

Margins were softer than in the March quarter, with an operating margin of about 4.8%. Even so, profit grew faster than revenue, helped by lower interest costs compared with the previous quarter.

3. Capacity Growth and Backward Integration

For this winding wires stock, installed capacity stood at approximately 55,000 tonnes a year in March 2026. The company expects about 61,700 tonnes by the end of FY27 and a target of 69,200 tonnes by the end of FY28. A copper refining and recycling facility in Gujarat, expected to start by the end of FY27, could supply a meaningful share of raw material needs and improve cost efficiency.

In August 2026 the board approved raising Rs 150 crore through compulsorily convertible debentures issued at Rs 400 each, carrying a 12% coupon and convertible within 18 months. The money is meant for expansion, including the Silvassa facility. For a winding wires stock, fresh capacity matters because volume growth drives most of the earnings.

4. Structural Demand for Copper Winding Wire

Demand for the products of this winding wires stock is coming from several directions. Power transmission and distribution spending needs more transformers, air conditioners and refrigerators use winding wire in their compressors, and electric and hybrid vehicles use two to three times more copper winding wire than conventional vehicles. Customers of this winding wires stock include large electrical equipment and auto component makers.

The company is also pushing higher-margin rectangular wires and continuously transposed conductors used in power transformers. A richer product mix is one reason this winding wires stock has been able to grow profit faster than sales.

5. A Late-August Breakout

On 28 August 2026 the winding wires stock surged 20% to Rs 507.35, with trading volume more than 20 times its recent average. It set the current 52-week high of Rs 524.90 on the next trading day. No single announcement explained that session, which is a reminder that small-cap price moves can run ahead of news.

Check the Univest Screener for Live Fundamentals of High-Return Stocks

Precision Wires Financials: Quarterly Trend

The quarterly numbers show why the winding wires stock re-rated. Total income has grown in every quarter shown below, while profit has more than doubled from the level of two years ago.

Quarter	Total Income (Rs Cr)	Operating Profit (Rs Cr)	OPM (%)	Net Profit (Rs Cr)	EPS (Rs)
Jun 2025	1,116	59	5.3	27	1.52
Sep 2025	1,237	70	5.7	36	1.98
Dec 2025	1,348	75	5.6	38	2.06
Mar 2026	1,763	104	5.9	55	3.00
Jun 2026	1,779	85	4.8	46	2.54

Operating margins for a winding wires stock are thin, generally between 4% and 6%, because copper is passed through to customers. Most winding wire makers work on a conversion-based model, so earnings depend on volumes and value-added products rather than on copper prices.

Interest cost is a watchpoint. It rose to about Rs 73 crore in FY26 from Rs 47 crore in FY25 as working capital needs grew with sales. The debt to equity ratio of approximately 0.38 is manageable, and return on equity is around 20%.

Is This Winding Wires Stock Expensive After the Rally?

Yes, on trailing earnings this winding wires stock looks expensive. It trades at a PE of approximately 48.5 against an industry PE of about 18.7, and at around 11 times book value. The market is paying for expected growth from new capacity and a better product mix.

Metric	Value
Close (10 Sep 2026)	Rs 464.65
Market Cap	Approximately Rs 8,466 Cr
PE (TTM)	48.49
Industry PE	18.68
Price to Book	10.96
ROE	20.10%
Debt to Equity	0.38
52-Week High / Low	Rs 524.90 / Rs 178.80

A PE close to 2.6 times the industry average leaves limited room for disappointment. If quarterly profit growth slows, the Precision Wires share price could correct faster than the broader market.

Shareholding: Foreign Investors Are Rising

Promoters hold approximately 56.61% of this winding wires stock, a small dip from 57.93% a year earlier. Foreign investors have raised their stake steadily, from 0.76% in June 2025 to 2.47% in June 2026. Domestic institutions remain almost absent at 0.15%.

Holder	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	57.93%	57.48%	56.61%	56.61%	56.61%
FIIs	0.76%	0.75%	1.32%	1.65%	2.47%
DIIs	0.01%	0.01%	0.06%	0.11%	0.15%
Public	41.31%	41.75%	42.00%	41.63%	40.77%

The number of shareholders rose to about 67,461 in June 2026 from about 59,183 a year earlier. Low institutional ownership means the winding wires stock is driven mostly by retail and high-net-worth buying, which can make moves sharper in both directions.

Key Risks for This Winding Wires Stock

The rally has been powerful, but the risks are real and should be weighed before buying this winding wires stock.

Valuation Risk

At roughly 48 times earnings, the winding wires stock prices in several years of strong growth. Any slowdown in volumes or a weak quarter could trigger a sharp de-rating.

Thin Margins and Copper Volatility

Operating margins of around 5% leave little buffer. Sudden swings in copper prices can hurt a winding wires stock through working capital and inventory values, even under a pass-through model.

Rising Interest Burden

Finance costs at this winding wires stock rose sharply in FY26, and the new convertible debentures carry a 12% coupon. Conversion within 18 months will also dilute existing shareholders.

Competition

Unorganised players compete aggressively on price in standard products, which limits pricing power for any winding wires stock in this segment.

Liquidity and Volatility Risk

This winding wires stock is a small cap with limited institutional ownership. It fell about 20% from Rs 356 to Rs 280 within a few sessions in March 2026 and swung between Rs 352 and Rs 525 in the last two months. Trading volumes can drop sharply on quiet days, which widens price gaps.

Download the Univest iOS App or Univest Android App to track the Precision Wires share price live

Precision Wires Share: Analyst View

Coverage of this winding wires stock is thin. In October 2025, a domestic brokerage initiated coverage with a buy rating and a target of Rs 281 when the share traded near Rs 212. It projected FY25 to FY28 profit growth of about 38% a year and EBITDA margins rising towards 6.5% by FY28.

This winding wires stock has since moved far past that level. A credit rating agency has also said it expects better operating competitiveness and margins over the medium term, supported by higher volumes and a premium product mix.

Precision Wires Share Price Target

The only verified Precision Wires share price target is the Rs 281 set in October 2025, which the stock crossed within months. No updated brokerage Precision Wires share price target has been verified since the Q1 FY27 results, so investors should treat the old figure as outdated.

In the absence of a fresh Precision Wires share price target, price levels offer a guide. The 52-week high of Rs 524.90 is the nearest resistance, while the Rs 405 to Rs 410 zone, where the stock found support in late August, is a level to watch on the downside.

Other Stocks to Track From the Same Return Screen

Beyond this winding wires stock, a screen of 195 small-cap NSE stocks dated 11 September 2026 also includes related names such as V-Marc India with a 1-year return of 381.30%, Raghav Productivity at 159.08% and Diamond Power at 137.76%.

Among the names covered from that screen, MTAR Technologies returned 396.53% over one year. Readers can compare this winding wires stock with the Nifty 50 benchmark and track each of these names on Univest before making any decision.

Conclusion

This winding wires stock earned its 159% gain through results: revenue up about 35% in FY26, profit up about 72%, and a June quarter with profit up about 71.5%. New capacity, backward integration into copper and demand from power, appliances and electric vehicles support the growth story.

The risks are just as clear. The winding wires stock trades at close to 48 times earnings, margins are thin, interest costs are rising and small-cap liquidity can amplify falls. Investors tracking the Precision Wires share price may prefer staggered entries and a close watch on quarterly volume growth rather than chasing the recent breakout in this winding wires stock.

Frequently Asked Questions

Which winding wires stock rose 159% in 1 year?

Ans. Precision Wires India Ltd (NSE: PRECWIRE) is the winding wires stock that returned approximately 159% over one year as of 10 September 2026. It was among the top 31 performers on a screen of 195 NSE small-cap stocks dated 11 September 2026.

Why did the Precision Wires share price rise?

Ans. The Precision Wires share price rose on strong earnings, with FY26 revenue up about 35% and profit up about 72%. Q1 FY27 profit grew about 71.5%, and capacity expansion plus demand from power, appliances and EVs added support.

What were Precision Wires Q1 FY27 results?

Ans. Revenue from operations rose about 60% year on year to approximately Rs 1,770 crore. Net profit rose about 71.5% to Rs 46.45 crore, and EPS increased to Rs 2.54 from Rs 1.52.

Was the 159% gain affected by a split or bonus?

Ans. No. The company split shares to Re 1 face value in December 2021 and issued a 1:2 bonus in December 2022, both outside the 1-year window. The 1-year gain reflects actual price movement.

What is the 52-week high and low of Precision Wires?

Ans. The 52-week high is Rs 524.90, touched on 31 August 2026, and the 52-week low is Rs 178.80 from 10 September 2025. The share closed at Rs 464.65 on 10 September 2026.

Is this winding wires stock overvalued?

Ans. On trailing numbers it looks expensive, with a PE of approximately 48.5 against an industry PE of around 18.7 and a price to book of about 11. The valuation depends on the company keeping its high profit growth going.

What is the Precision Wires share price target?

Ans. The only verified brokerage target is Rs 281, set in October 2025, and the stock has already moved well above it. No updated target has been verified since the latest results, so key levels are the Rs 524.90 high and support near Rs 405.

What are the main risks in Precision Wires?

Ans. The main risks are a high valuation, thin margins of around 5%, rising interest costs and dilution from convertible debentures. As a small cap with low institutional holding, it can also be highly volatile and less liquid.