D P Wires share price & results
- Jun 2026
- Sept 2026
Ratlam (Madhya Pradesh) integrated manufacturer of steel wires — LRPC strands, spring/induction-tempered wire — and plastic films/geomembrane sheet, with two captive wind-power units.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 131 | +3.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 3.1 | +0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.7 | +31.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 7.26 | −2.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.36 | −0.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -13.87 | +15.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −19.1% 1Y
1Y: ₹230.3 on 24 Oct 2025 → ₹186.39. High ₹242.43 (30 Oct 2025), low ₹126.74 (30 Mar 2026).
- Previous close
- ₹173.75
- Market cap
- ₹282 Cr
- 52-week range
- ₹126.74 – ₹242.43
- One year
- −22.68%
- Price to earnings (TTM to Jun 2026)
- 15.06×
- Return on equity (TTM to Jun 2026)
- 7.26%
Overview
- Symbol
- NSE:DPWIRES
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What D P Wires does
Based on the company's own presentations, annual report and earnings calls.
D P Wires manufactures and supplies steel wires — Low Relaxation Pre-stressed Concrete (LRPC) Strands, plain and galvanised steel wire, spring steel wire and induction-tempered wire — used in bridges, flyovers, metro and bullet-train projects, railway sleepers, PCC poles and vehicle suspension components. It also produces plastic films and geomembrane sheet (HDPE/PE film, pond-lining film, cap covers) used for canal, landfill and pond lining, plus plastic pipes. All manufacturing is carried out at a single integrated facility in Ratlam, Madhya Pradesh that takes raw wire rod through pickling, wire drawing, stranding, inspection and packing under one roof. The company separately generates and sells power from two 0.8 MW wind turbines in Jamnagar district, Gujarat, under a long-term power purchase agreement.
Segments
- Steel Wire
- Plastics
- Wind power generation
- Installed manufacturing capacity
- ~84,000–100,000 MT/yr of steel wire at the single Ratlam plant (company presentations state ~100,000 MT as of FY24; FY24-25 Annual Report states ~84,000 MT)
- Manufacturing facility
- 1 integrated facility — Industrial Estate, Ratlam, Madhya Pradesh (wire-rod sourcing → pickling → wire drawing → stranding → inspection → packing, all under one roof)
- Captive wind power capacity
- 2 turbines x 0.80 MW (1.6 MW total) at Okha-Madhi & Jodhpur, Jamnagar district, Gujarat; sold under a 20-year PPA to Gujarat Urja Vikas Nigam Limited
- Branch/sales network
- 8 cities
- Client base
- 100+ clients
- Export markets
- Bangladesh, USA, Brazil, Nepal, Oman, Qatar (Doha), Muscat, Sri Lanka
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +32% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 155 | 138 | 126 | 130 | 95 | 129 | 131 |
| Expenses | 139 | 149 | 133 | 122 | 130 | 92 | 119 | 127 |
| Operating profit | 6 | 5 | 5 | 4 | 0 | 4 | 10 | 4 |
| Operating margin | 4.1% | 3.4% | 3.6% | 3.0% | 0.1% | 3.7% | 7.6% | 3.1% |
| Other income | 3 | 3 | 2 | 2 | 3 | 2 | 4 | 3 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | 8 | 7 | 6 | 5 | 2 | 4 | 13 | 6 |
| Tax rate | 22.1% | 27.5% | 30.8% | 26.2% | 29.4% | 21.7% | 27.8% | 25.5% |
| Net profit | 6 | 5 | 4 | 4 | 1 | 3 | 9 | 5 |
| EPS (₹ per share) | 3.88 | 3.20 | 2.61 | 2.32 | 0.77 | 2.19 | 6.06 | 3.06 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,216 | 1,002 | 621 | 481 |
| Expenses | 1,161 | 953 | 595 | 463 |
| Operating profit | 55 | 49 | 26 | 17 |
| Other income | 5 | 7 | 9 | 10 |
| Interest | 2 | 3 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 3 |
| Profit before tax | 55 | 49 | 30 | 24 |
| Net profit | 41 | 36 | 22 | 18 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 16 | 16 | 16 | 16 |
| Reserves | 138 | 178 | 211 | 233 | 238 | 251 |
| Borrowings | 13 | 2 | 1 | 28 | 2 | 2 |
| Other liabilities | 31 | 58 | 35 | 22 | 18 | 20 |
| Total liabilities | 196 | 251 | 262 | 299 | 274 | 289 |
| Fixed assets | 28 | 31 | 32 | 32 | 31 | 22 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 7 | 0 |
| Other assets | 168 | 220 | 230 | 264 | 235 | 267 |
| Total assets | 196 | 251 | 262 | 299 | 274 | 289 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -12 | 4 | 46 | 24 | 52 | 28 |
| Cash from investing | 12 | -5 | -6 | -4 | -120 | 27 |
| Cash from financing | 4 | 3 | -15 | -6 | 25 | -26 |
| Net cash flow | 3 | 3 | 25 | 13 | -43 | 28 |
| Free cash flow | -3 | -3 | 38 | 19 | 51 | 35 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 49 | 52 | 26 | 36 | 37 | 39 |
| Inventory days | 25 | 35 | 17 | 12 | 19 | 9 |
| Days payable | 4 | 7 | 7 | 9 | 5 | 2 |
| Cash conversion cycle | 70 | 80 | 35 | 39 | 50 | 47 |
| Working capital days | 74 | 69 | 38 | 52 | 50 | 72 |
| Return on capital employed | 29.0% | 28.0% | 32.0% | 25.0% | 12.0% | 9.0% |
| Dividend payout | 0.0% | 5.0% | 4.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Wire Division contributes 74.7% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Wire Division 74.7%
₹97.69 crore
- Others(Trading) 25.1%
₹32.77 crore
- Electric Energy through wind mill division 0.2%
₹0.25 crore
- Plastic Division <0.1%
₹0.10 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Wire Division | 97.69 | 74.7% |
| Others(Trading) | 32.77 | 25.1% |
| Electric Energy through wind mill division | 0.25 | 0.2% |
| Plastic Division | 0.10 | <0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹130.82 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹130.82 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
Growth trapTo justify its price of ₹186, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~-25%. At that growth it is worth ₹22 — downside of 88%.
- Growth the price implies
- 14.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -24.6% a year
- net profit, FY23–FY26 · EPS -24.6%
- The gap
- 0.4 pp
- -88% downside if it only repeats history
Ownership
Who owns it
Promoters hold 74.78% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 74.78%
- Foreign institutions 0.00%
- Domestic institutions 0.04%
- Public 25.17%
Who is on the register
Named in the Sep 2026 filing
Every holder of D P Wires above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 43.73% | unchanged | |
| 12.80% | unchanged | |
| 4.37% | unchanged | |
| 4.35% | unchanged | |
| 4.31% | unchanged | |
| 4.04% | unchanged | |
| 1.74% | unchanged | |
| 0.46% | unchanged | |
| 0.44% | unchanged | |
| 0.27% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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