BANSALWIRE
Bansal Wire Industries share price & financials
- Price
- ₹313.7
- Market cap
- ₹4.8k Cr
- Sector
- Capital Goods
- Calls analysed
- 9
Bansal Wire Industries Limited Q1 FY27
What went well
- Revenue of ₹1,168 crores, up 25% YoY, demonstrating strong top-line growth.
- Operating cash flow stood at ₹121 crores, reflecting continued focus on working capital management.
- First trial order received for the Steel Cord business, validating capabilities in a high-value segment.
What to watch
- Profitability in the first half of the quarter was impacted by higher input costs and operational disruptions due to geopolitical tensions and natural gas availability issues.
- EBITDA margin was compressed to ₹2 per kg for the first 45 days of the quarter due to the company absorbing sudden cost increases on existing orders.
What Bansal Wire Industries Limited does
Bansal Wire Industries manufactures steel wire products across four verticals — stainless steel wires, high carbon steel wires, mild steel (low carbon) galvanised wires, and specialty wires — serving sectors such as automotive, infrastructure, general engineering, consumer durables, agriculture/poultry and cable. It earns through a cost-plus, order-backed manufacturing model, selling to over 5,000 customers across industries in India and more than 50 export countries. Its Dadri facility is the largest single-location steel wire plant in India, and the company is expanding into higher-value specialty products including IHT wire, steel tyre cord, hose wire and tyre bead wire to serve automotive and tyre-industry customers.
Segments
- Stainless Steel Wires
- High Carbon Steel Wires
- Mild Steel Galvanised (Low Carbon Steel) Wires
- Speciality Wires
- Manufacturing facilities
- 5
- Installed capacity
- 6,18,000 MTPA
- Market position — steel wire (by volume)
- 2nd largest steel wire manufacturer in India
- Market position — stainless steel wire (by volume)
- Largest stainless steel wire manufacturer in India
- SKUs
- 3,000+ (highest among Indian steel wire manufacturers)
- Customers
- 5,000+ across various industries
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 2 delivered 4 missed 17 open- Total Installed Capacity delivered said Q1 FY25 Promised: 6 lakh tonnes by end of FY25 Q1 FY27: Promise remains achieved. No new information.
- FY25 EBITDA Growth missed said Q1 FY25 Promised: >80% growth in EBITDA for FY25 Q1 FY27: Promise remains missed from FY25. No new information.
- Sanand Project Strategy diluted said Q2 FY25 Promised: Backward integration into stainless-steel rods Q1 FY27: Management confirmed expansion at Sanand is for wire capex (90,000 tonnes) and they may sell excess land, reinforcing the strategic pivot away from backward integration.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 24.4%, net profit down 48.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 825 | 925 | 940 | 939 | 1,055 +28% | 1,029 +11% | 1,136 +21% | 1,168 +24% |
| EBITDA | 64 | 72 | 70 | 72 | 77 +20% | 85 +18% | 76 +9% | 56 −22% |
| Net profit | 40 | 42 | 33 | 39 | 38 −5% | 43 +2% | 40 +21% | 20 −49% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −14.0% 1Y
1Y: ₹359.6 on 10 Sept 2025 → ₹309.35. High ₹365.8 (3 Jul 2026), low ₹224.95 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.5%
- 23 Jul
- Q4 FY26
- −3.0%
- 30 Apr
- Q3 FY26
- −3.9%
- 20 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 29.9% a year over 2 years, FY24 to FY26. Operating margin widened to 7.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹2.5k Cr | ₹3.5k Cr | ₹4.2k Cr |
| Operating profit | ₹144 Cr | ₹267 Cr | ₹310 Cr |
| Operating margin | 5.8% | 7.6% | 7.5% |
| Interest | ₹28 Cr | ₹36 Cr | ₹57 Cr |
| Depreciation | ₹13 Cr | ₹30 Cr | ₹57 Cr |
| Net profit | ₹74 Cr | ₹147 Cr | ₹160 Cr |
| Net margin | 3.0% | 4.2% | 3.8% |
| ROCE | 15.0% | 16.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹64 Cr | ₹78 Cr | ₹78 Cr |
| Reserves | ₹214 Cr | ₹273 Cr | ₹359 Cr | ₹1.3k Cr | ₹1.4k Cr |
| Borrowings | ₹413 Cr | ₹422 Cr | ₹681 Cr | ₹598 Cr | ₹555 Cr |
| Other liabilities | ₹59 Cr | ₹44 Cr | ₹160 Cr | ₹335 Cr | ₹532 Cr |
| Total liabilities | ₹695 Cr | ₹749 Cr | ₹1.3k Cr | ₹2.3k Cr | ₹2.5k Cr |
| Fixed assets | ₹116 Cr | ₹116 Cr | ₹229 Cr | ₹824 Cr | ₹831 Cr |
| Capital work in progress | ₹0 Cr | ₹38 Cr | ₹212 Cr | ₹133 Cr | ₹214 Cr |
| Investments | ₹23 Cr | ₹23 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹557 Cr | ₹573 Cr | ₹821 Cr | ₹1.3k Cr | ₹1.5k Cr |
| Total assets | ₹695 Cr | ₹749 Cr | ₹1.3k Cr | ₹2.3k Cr | ₹2.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in BANSALWIRE
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 1 sold out — net −0.60 L shares (−1.8%).
- Held by funds
- ₹106 Cr
- 1 schemes
- Biggest holder
- HDFC Manufacturing Fund
- ₹106 Cr · 1.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹106 Cr | held | Jul '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net −60,282 shares (−1.8%)
- Funds are sitting on
- -15%
- vs est. average cost
- Held by funds
- ₹106 Cr
- 1 schemes · ≈ 2.2% of the company
Shares held by these funds +49%
Jul '24 33.65 L shares Jul '26
What the price assumes
AttractiveTo justify its price of ₹309, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~49%. At that growth it is worth ₹1065 — upside of 244%.
- Growth the price implies
- 23.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 49.3% a year
- net profit, FY24–FY26
- The gap
- -0.3 pp
- 244% downside if it only repeats history
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Bansal Wire Industries Limited
Guides on how to read this kind of business and the numbers that matter.