What Precision Wires India does

Precision Wires India Ltd is a publicly listed Mumbai-headquartered copper conductor manufacturer (BSE: PRECISIONWIRES / NSE: PRECWIRE) that produces enameled round and rectangular copper winding wires for electric motors, transformers, power transmission and distribution equipment, consumer durables, and automotive electrical systems. The company's core technology is copper conductor manufacturing, with technical differentiation anchored in BIS-certified (IS 12444) copper wire rod production at its Valvada (Gujarat) facility, copper refining and recycling capabilities under development at Zaroli (Gujarat), and a 6,000 MTPA copper winding wire line recently completed at Silvassa as part of a multi-site expansion targeting 68,000 MTPA total capacity by FY2028.

The business model is B2B industrial hardware sales of copper wire and rod products to manufacturers across five end-verticals: EV and hybrid vehicle manufacturers, transformer manufacturers, electrical equipment manufacturers, automotive suppliers, and consumer durables producers. Pricing is not publicly disclosed and operates through direct sales relationships with industrial customers rather than public marketing channels. Captive consumption of in-house BIS-certified wire rods within the company's manufacturing operations creates a backward-integration loop intended to capture intermediate margin and secure raw material supply.

For FY26, the company reported Rs 5,410.18 crore in revenue (up 34.75% YoY) and Rs 155.27 crore in net profit (up 72.45% YoY), with a 125% total dividend payout including interim dividends, alongside new working capital facilities of Rs 540 crore from RBL Bank and Axis Bank to finance ongoing capacity expansion. Operational execution has been validated externally by multibagger stock performance (>100% returns in FY26), Baron India Fund's disclosed holding position, and a doubling of FII stakes between March 2025 and March 2026. The company employs 501-1,000 people and was founded in 1989 (firmographic) / 1990 (company history note), founded by Mahendra Mehta and led by Milan Mehta as Managing Director and CEO.

Name

Precision Wires India

Legal name

Precision Wires India Ltd

Website

https://precisionwires.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Precision Wires India Ltd is a publicly listed Mumbai-based manufacturer of enameled copper winding wires and rods, supplying electric motor, transformer, EV, automotive, and consumer durables manufacturers across India via direct B2B sales.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Copper Wire and Rod Sales: Manufacturing and sale of copper winding wires and copper wire rods to industrial customers in electrical, automotive, transformer, and consumer durables sectors. Copper wire rods produced at Valvada facility are used for captive consumption within company's operations.

Go-to-market motion1 record

Core offering

Precision Wires India manufactures and sells enameled round and rectangular copper winding wires used in electric motors, transformers, and power infrastructure. The company also produces copper wire rods for captive consumption and is expanding into copper refining and recycling to secure raw material supply.

Product overview

Precision Wires India is a wire and cable manufacturer that produces copper winding wires for electric motors, transformers, and power infrastructure. The company has expanded into copper wire rod manufacturing (BIS certified under IS 12444) at its Gujarat plant for captive use. The product portfolio centers on copper-based electrical conductors, with ongoing capacity expansion including a copper recycling plant. Total capacity is targeted to reach 68,000 MTPA by FY2028.

Differentiator

Problem solved

Functional benefit

Products and services

• Enameled Copper Winding Wires (Round and Rectangular)

Quantifiable outcome

• Q4 FY26 net profit jumped 45.58% YoY; Full-year FY26 net profit grew 72.45% to Rs 155.27 crore
• +2 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• EV and Hybrid Vehicle ManufacturerscoreStrategic or Co-development PartnerPrecision Wires India has secured approvals from key EV and hybrid vehicle manufacturers, positioning the company to benefit from electric mobility growth. The company supplies copper winding wires critical for EV motors and power systems.

Scale indicators14 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Havells India: Havells is a large diversified Indian electrical equipment company with overlapping adjacency in wires and cables serving industrial, infrastructure, and consumer customers—a broader incumbent with wider portfolio but partial product overlap.
• Polycab India: Polycab is one of India's largest cable and wire manufacturers, serving similar B2B industrial customers (transformers, electrical equipment, infrastructure) with a broader portfolio that includes power cables, communication cables, and accessories—making it the most relevant Indian incumbent comparable.
• Hindalco Industries: Hindalco (Aditya Birla Group) is India's largest copper producer and a global aluminum/copper major—comparable as a copper upstream/downstream integrated player and potential supplier/customer adjacency to Precision Wires' copper value chain.
• Vedanta Limited: Vedanta operates India's largest copper smelter (Sterlite Copper) and could expand downstream into wire products—comparable as a copper value chain participant and indirect competitor or supplier to Precision Wires.

Direct peers

• Finolex Cables: Finolex Cables is an established Indian manufacturer of electrical and communication cables with overlapping customer base in industrial, infrastructure, and consumer segments—a direct competitor in the broader Indian wires and cables market.
• RR Kabel: RR Kabel manufactures house wires, industrial cables, and winding wires serving similar B2B customers across transformers, motors, and electrical infrastructure—directly comparable in product mix and customer verticals.
• KEI Industries: KEI Industries manufactures cables and wires including winding wires for transformers, motors, and electrical infrastructure—directly competing with Precision Wires in the copper winding wire and industrial cable segments serving similar B2B customers.
• APAR Industries: APAR Industries manufactures conductors, transformer oils, and specialty cables—directly competing with Precision Wires in copper conductors and winding wire products for transformer and power infrastructure applications.

Regional players

• Sterlite Technologies: Sterlite Technologies manufactures power and telecom cables in India serving similar infrastructure customers—an Indian regional player with overlapping industrial cable/wire product lines.

Emerging players

• Galaxy Surfactants / Paramount Communications: Paramount Communications is an Indian cable manufacturer serving power, telecom, and infrastructure segments—comparable as an emerging-to-mid-tier competitor in the Indian wires and cables market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/precision-wires-india-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Wires India