Credit rating agency, CARE has reaffirmed A-rating to Precision Wires India’s long-term bank facilities worth Rs 41.90 crore, which was reduced from Rs 57.54 crore. The rating agency has also reaffirmed A1 rating to the company’s short-term bank facilities worth Rs 332.50 crore which was enhanced from Rs 299.28 crore.
The company has received the said rating reaffirmation on the back of its proven track record and experience of the promoters, dominant position of the company in the copper winding wires industry, comfortable financial leverage and favourable capital structure, the company’s ability to insulate itself from volatility in copper prices, comfortable liquidity position with short working capital cycle, strong client base and favourable future prospects for the power distribution and transmission sectors in the long term.
Precision Wires India (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in India. The company’s products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors.
| Company Name | CMP |
|---|---|
| Polycab India | 8184.95 |
| KEI Industries | 4841.10 |
| RR Kabel Ltd. | 1475.45 |
| Finolex Cables | 943.60 |
| Precision Wire India | 377.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: