DPWIRES

D P Wires financials

Market cap
₹233 Cr

What D P Wires does

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
Founded 1998Headquarters Ratlam, Madhya Pradesh, IndiaEmployees 200 (Aug 2024 (Q1FY25 investo) Company website

Quarterly results

Q1 FY27: revenue up 3.7%, net profit up 31.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue145 155 138 126 130 −10%95 −38%129 −6%131 +4%
EBITDA6 5 5 4 0 −98%4 −32%10 +96%4 +7%
Net profit6 5 4 4 1 −80%3 −32%9 +132%5 +32%
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 −45.6% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹276.44 on 10 Sept 2025 → ₹150.33. High ₹279.2 (12 Sept 2025), low ₹126.74 (30 Mar 2026).

Financials, as filed

Revenue fell 26.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 3.6%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹1.0k Cr₹621 Cr₹481 Cr
Operating profit₹55 Cr₹49 Cr₹26 Cr₹17 Cr
Operating margin4.6%4.9%4.2%3.6%
Interest₹2 Cr₹3 Cr₹1 Cr₹1 Cr
Depreciation₹3 Cr₹4 Cr₹4 Cr₹3 Cr
Net profit₹41 Cr₹36 Cr₹22 Cr₹18 Cr
Net margin3.4%3.6%3.6%3.7%
Cash from operations₹46 Cr₹24 Cr₹52 Cr₹28 Cr
Free cash flow₹38 Cr₹19 Cr₹51 Cr₹35 Cr
ROCE32.0%25.0%12.0%9.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹109 Cr₹138 Cr₹178 Cr₹211 Cr₹238 Cr₹251 Cr
Borrowings₹8 Cr₹13 Cr₹2 Cr₹1 Cr₹2 Cr₹2 Cr
Other liabilities₹23 Cr₹31 Cr₹58 Cr₹35 Cr₹18 Cr₹20 Cr
Total liabilities₹154 Cr₹196 Cr₹251 Cr₹262 Cr₹274 Cr₹289 Cr
Fixed assets₹23 Cr₹28 Cr₹31 Cr₹32 Cr₹31 Cr₹22 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹7 Cr₹0 Cr
Other assets₹131 Cr₹168 Cr₹220 Cr₹230 Cr₹235 Cr₹267 Cr
Total assets₹154 Cr₹196 Cr₹251 Cr₹262 Cr₹274 Cr₹289 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.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 4% to 22,031.

Promoters
74.8%
DIIs
0.0%
Public
25.2%

Since Jun 2025

  • DIIs +0.01 pp
  • Public −0.01 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, Public 25.3%.Dec '23: Promoters 74.8%, Public 25.2%.Mar '24: Promoters 74.8%, FIIs 0.0%, Public 25.2%.Jun '24: Promoters 74.8%, Public 25.2%.Sep '24: Promoters 74.8%, Public 25.2%.Dec '24: Promoters 74.8%, Public 25.2%.Mar '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Jun '25: Promoters 74.8%, DIIs 0.0%, Public 25.2%.Sep '25: Promoters 74.8%, FIIs 0.1%, DIIs 0.0%, Public 25.1%.Dec '25: Promoters 74.8%, DIIs 0.0%, Public 25.2%.Mar '26: Promoters 74.8%, FIIs 0.0%, DIIs 0.0%, Public 25.2%.Jun '26: Promoters 74.8%, DIIs 0.0%, Public 25.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of D P Wires above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Asha Devi Kataria 43.73%unchanged
San Industries Private Limited 12.80%unchanged
Sapna Kataria 4.37%unchanged
Kantilal Kataria 4.35%unchanged
Rani Kataria 4.31%unchanged
Samta Kataria 4.04%unchanged
Amitabh Harivansh Rai Bachchan 1.71%−0.40 pp
Hemant Kataria 0.46%unchanged
Arvind Kataria 0.44%unchanged
Praveen Kataria 0.27%unchanged
Hemant Kantilal Kataria 0.00%unchanged
Arvind Kantilal Kataria 0.00%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.

What the price assumes

Growth trap

To justify its price of ₹150, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~-25%. At that growth it is worth ₹22 — downside of 85%.

Growth the price implies
10.4% 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
-85% downside if it only repeats history
Price today ₹150.33 Value at the reference growth ₹22.47

Change the assumptions yourself →