GEEKAYWIRE
Geekay Wires financials
- Market cap
- ₹291 Cr
- Sector
- Capital Goods
What Geekay Wires Limited does
Geekay Wires Limited manufactures galvanized steel wire, steel nails, and nuts & bolts — including a newer stainless-steel fastener line — across four manufacturing units located in Medak District, Telangana. The company sells into both the domestic and export markets and has an overseas related entity, Geekay Wires Limited (USA). During FY2024-25 it commissioned a new manufacturing facility at Wadiaram to expand its galvanised-wire production capacity.
Segments
- Galvanized Steel Wire
- Fasteners (Nuts & Bolts)
- Manufacturing plants
- 4 units (Unit I–IV) in Medak District, Telangana
- New plant capacity added (Wadiaram unit, FY25)
- 18,000 MT/year of galvanised wire
- New plant capital outlay (Wadiaram unit)
- ₹45 crore
- Product lines
- Galvanized steel wire, steel nails, nuts & bolts (incl. stainless steel)
- Overseas related entity
- Geekay Wires Limited (USA)
Quarterly results
Q1 FY27: revenue up 3.5%, net profit down 19.7% 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 | 124 | 113 | 124 | 92 | 124 +0% | 115 +2% | 109 −12% | 95 +3% |
| EBITDA | 2 | 5 | 7 | 6 | 15 +809% | 10 +102% | 9 +32% | 6 −10% |
| Net profit | 9 | 10 | 7 | 7 | 8 −9% | 8 −19% | 7 −8% | 6 −20% |
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 −63.3% 1Y
1Y: ₹75.76 on 10 Sept 2025 → ₹27.83. High ₹76.14 (12 Sept 2025), low ₹19.02 (30 Mar 2026).
Financials, as filed
Revenue grew 3.3% a year over 3 years, FY23 to FY26. Operating margin widened to 9.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹399 Cr | ₹412 Cr | ₹458 Cr | ₹441 Cr |
| Operating profit | ₹33 Cr | ₹36 Cr | ₹22 Cr | ₹40 Cr |
| Operating margin | 8.1% | 8.9% | 4.8% | 9.0% |
| Interest | ₹6 Cr | ₹5 Cr | ₹8 Cr | ₹7 Cr |
| Depreciation | ₹4 Cr | ₹5 Cr | ₹7 Cr | ₹9 Cr |
| Net profit | ₹24 Cr | ₹39 Cr | ₹36 Cr | ₹30 Cr |
| Net margin | 6.1% | 9.4% | 7.9% | 6.8% |
| Cash from operations | ₹53 Cr | ₹62 Cr | ₹31 Cr | ₹21 Cr |
| Free cash flow | ₹34 Cr | ₹40 Cr | ₹-22 Cr | ₹-27 Cr |
| ROCE | 27.0% | 35.0% | 25.0% | 17.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹35 Cr | ₹42 Cr | ₹63 Cr | ₹99 Cr | ₹150 Cr | ₹161 Cr |
| Borrowings | ₹87 Cr | ₹109 Cr | ₹92 Cr | ₹73 Cr | ₹120 Cr | ₹144 Cr |
| Other liabilities | ₹9 Cr | ₹40 Cr | ₹53 Cr | ₹50 Cr | ₹36 Cr | ₹34 Cr |
| Total liabilities | ₹141 Cr | ₹200 Cr | ₹219 Cr | ₹232 Cr | ₹316 Cr | ₹350 Cr |
| Fixed assets | ₹45 Cr | ₹46 Cr | ₹60 Cr | ₹73 Cr | ₹115 Cr | ₹118 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹31 Cr | ₹42 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Other assets | ₹97 Cr | ₹155 Cr | ₹156 Cr | ₹153 Cr | ₹167 Cr | ₹186 Cr |
| Total assets | ₹141 Cr | ₹200 Cr | ₹219 Cr | ₹232 Cr | ₹316 Cr | ₹350 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
Since Jun 2025, promoters added +1.98 pp while the public trimmed −1.97 pp. The shareholder count shrank 8% to 31,643.
- Promoters
- 60.5%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 39.5%
Since Jun 2025
- Promoters +1.98 pp
- Public −1.97 pp
- FIIs −0.02 pp
How it drifted, 12 quarters
Over this window the public fell from 40.7% to 39.5% — −1.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 59.3%, Public 40.7%.Dec '23: Promoters 59.3%, Public 40.7%.Mar '24: Promoters 59.3%, Public 40.7%.Jun '24: Promoters 59.3%, Public 40.7%.Sep '24: Promoters 58.4%, FIIs 0.1%, Public 41.5%.Dec '24: Promoters 58.4%, Public 41.6%.Mar '25: Promoters 58.4%, DIIs 0.0%, Public 41.6%.Jun '25: Promoters 58.5%, FIIs 0.0%, DIIs 0.0%, Public 41.4%.Sep '25: Promoters 58.7%, FIIs 0.0%, DIIs 0.0%, Public 41.3%.Dec '25: Promoters 58.7%, FIIs 0.0%, DIIs 0.0%, Public 41.2%.Mar '26: Promoters 59.8%, FIIs 0.1%, DIIs 0.0%, Public 40.1%.Jun '26: Promoters 60.5%, FIIs 0.0%, DIIs 0.0%, Public 39.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nisha Jain newly disclosed 2.68% held
- Huf newly disclosed 1.53% held
- Atul Kansaria newly disclosed 1.36% held
- Surendra Kumar Mittal newly disclosed 1.05% held
- Saroj Bala +0.61 pp 7.29% held
- Subhash Chander +0.08 pp 0.42% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Geekay Wires Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kandoi Industries India Private Limited | 19.98% | unchanged |
| Ghanshyam Dass | 7.30% | unchanged |
| Saroj Bala | 7.29% | +0.61 pp |
| Ghanshyam Dass Huf | 6.69% | unchanged |
| Renu Kandoi | 6.14% | unchanged |
| Ashish Kandoi | 5.24% | unchanged |
| Ritika Kandoi | 2.84% | unchanged |
| Nisha Jain | 2.68% | newly disclosed |
| Anuj Kandoi | 1.65% | unchanged |
| Huf | 1.53% | newly disclosed |
| Atul Kansaria | 1.36% | newly disclosed |
| Surendra Kumar Mittal | 1.05% | newly disclosed |
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
AttractiveTo justify its price of ₹28, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~7%. At that growth it is worth ₹32 — upside of 15%.
- Growth the price implies
- 4.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 7.2% a year
- net profit, FY23–FY26 · EPS 7.3%
- The gap
- -0.0 pp
- 15% downside if it only repeats history
Learn to analyse Geekay Wires Limited
Guides on how to read this kind of business and the numbers that matter.