VIDYAWIRES

Vidya Wires share price & financials

Manufactures copper & aluminium winding wires and conductors; India's 4th-largest player in this category.

Price: ₹94.82
Market cap: ₹1.9k Cr
Sector: Capital Goods
Calls analysed: 2

Latest concall · Q4 FY26 · call held 14 May 2026

VIDYAWIRES Q4 FY26

Revenue from Operations 18,396.4 million +24%EBITDA 857.8 million EBITDA Margin 4.66% PAT 576.1 million

What went well

Revenue from operations grew 24.2% YoY to ₹18,396.4 million.
EBITDA reached ₹857.8 million with a margin of 4.66%, an increase of 35 basis points YoY.
PAT reached ₹576.1 million.

What to watch

Global geopolitical headwinds and raw material price volatility persist.
Increased ocean freights and Middle East crisis affecting supply chain and logistics.

Read the full call →

What Vidya Wires Limited does

Vidya Wires manufactures enameled copper and aluminium winding wires, conductors, strips and busbars used in transformers, electric motors, generators, power-distribution equipment, solar modules and EV motors. It sources copper cathodes and rods from suppliers such as Vedanta, Union Copper Rod LLC and Marubeni, and is backward-integrated to produce its own oxygen-free copper rods in-house. Manufacturing is carried out across units in Anand, Gujarat, together with the newly commissioned ALCU subsidiary facility, and finished products are sold to power & transmission, renewable energy/EV and general industrial customers across 18 countries.

Segments

Power & Transmission
Renewables & EV

Market position: 4th-largest manufacturer of winding and conductivity products in India by installed capacity, targeting 3rd-largest post-expansion
Installed capacity: 19,680 MT per annum, being expanded to 37,680 MTPA
Product portfolio: 8,500+ SKUs across 12 product categories, expanding to 20 categories
Manufacturing facilities: 3 units in Anand, Gujarat, plus the ALCU subsidiary facility commissioned in February 2026
Geographic footprint: Present in 18 countries across 5 continents
Customer base: 450+ customers, including 19+ international customers

Founded 1981 Company website

Guidance record · Q4 FY26

what the last two calls moved 13 tracked 2 delivered 1 missed 10 open

Manufacturing Capacity delivered, diluted said Q2 FY26 Promised: 37,680 metric tons per annum (doubling from 19,680 MTPA) Q4 FY26: Facility commissioned in Feb 2026. Management guides for a total capacity of 35,000-36,000 metric tons by Diwali 2026, slightly below the original 37,680 MTPA target.
Inventory Days went quiet said Q2 FY26 Promised: 20 days Q4 FY26: No specific update provided on inventory days. Management discussed the overall working capital cycle.
Market Share revised up said Q2 FY26 Promised: 11% market share (up from 5.7%) Q4 FY26: Management reiterated the goal and noted the expansion is expected to increase market share to 11.3%.

All 13 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.7%, net profit up 41.7% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	363	346	380	412	381 +5%	448 +29%	589 +55%	493 +20%
Expenses	350	330	361	393	365	425	561	475
EBITDA	14	16	19	19	16 +14%	24 +50%	28 +47%	18 −5%
Margin	4%	5%	5%	5%	4%	5%	5%	4%
Other income	1	2	2	1	3	1	6	5
Interest	3	3	3	3	3	3	4	0
Depreciation	1	1	1	1	1	1	1	1
Profit before tax	11	15	18	16	14 +27%	21 +40%	29 +61%	22 +38%
Tax rate	25%	28%	28%	24%	28%	25%	25%	26%
Net profit	8	11	13	12	10 +25%	16 +45%	22 +69%	17 +42%
EPS	20.30	0.66	0.80	0.77	0.65	0.73	1.02	0.78

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 +76.6% YTD

YTD: ₹49.98 on 1 Jan 2026 → ₹88.25. High ₹114 (1 Jun 2026), low ₹44.51 (1 Feb 2026).

How the price took the results

close before → close after

Q4 FY26: +5.8%; 14 May
Q2 FY26: −1.4%; 26 Dec

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

Year ending	FY26
Revenue	₹1.8k Cr
Operating profit	₹87 Cr
Operating margin	4.8%
Interest	₹13 Cr
Depreciation	₹4 Cr
Net profit	₹60 Cr
Net margin	3.3%
Cash from operations	₹3 Cr
Free cash flow	₹3 Cr
ROCE	22.0%

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	FY20	FY22	FY23	FY24	FY25	FY26
Equity capital	₹4 Cr	₹4 Cr	₹4 Cr	₹4 Cr	₹16 Cr	₹21 Cr
Reserves	₹41 Cr	₹75 Cr	₹96 Cr	₹122 Cr	₹173 Cr	₹461 Cr
Borrowings	₹44 Cr	₹121 Cr	₹97 Cr	₹110 Cr	₹187 Cr	₹67 Cr
Other liabilities	₹7 Cr	₹12 Cr	₹11 Cr	₹12 Cr	₹24 Cr	₹29 Cr
Total liabilities	₹96 Cr	₹211 Cr	₹208 Cr	₹248 Cr	₹400 Cr	₹579 Cr
Fixed assets	₹17 Cr	₹32 Cr	₹35 Cr	₹35 Cr	₹45 Cr	₹32 Cr
Capital work in progress	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹24 Cr	₹0 Cr
Investments	₹0 Cr	₹0 Cr	₹1 Cr	₹1 Cr	₹0 Cr	₹1 Cr
Other assets	₹79 Cr	₹179 Cr	₹172 Cr	₹213 Cr	₹331 Cr	₹546 Cr
Total assets	₹96 Cr	₹211 Cr	₹208 Cr	₹248 Cr	₹400 Cr	₹579 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 Dec 2025, DIIs trimmed −6.16 pp while the public added +4.85 pp. The shareholder count grew 6% to 83,732.

Promoters: 72.8%
FIIs: 2.0%
DIIs: 3.4%
Public: 21.8%

Since Dec 2025

DIIs −6.16 pp
Public +4.85 pp
FIIs +1.30 pp

How it drifted, 3 quarters

Over this window DIIs fell from 9.5% to 3.4% — −6.2 pp.

Dec '25Mar '26Jun '26

Who was buying across the market this quarter →

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.

Sailesh Rathi newly disclosed 0.94% held

The same filing shows 2 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 Vidya Wires Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

Holder	Stake	Change
Shailesh Rathi	34.55%	unchanged
Shyamsundar Rathi	32.21%	unchanged
Brijlata Rathi	3.38%	unchanged
LIC Mf Manufacturing Fund Mutual fund	1.27%	−1.33 pp
Shyamsunder Rathi Huf	1.13%	unchanged
Bank Of India Small Cap Fund Mutual fund	1.04%	−1.13 pp
Sailesh Rathi	0.94%	newly disclosed
Shilpa Rathi	0.22%	unchanged
Balaram Chhaganlal Rathi	0.13%	unchanged
Saroj Krishnakumar Bang	0.12%	unchanged
Madhav Shailesh Rathi	0.12%	unchanged
Nirmala Devi Rathi	0.01%	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 the price implies: 21.2% a year; for 7 years, fading to 4%
It has actually compounded at: Not enough history
The gap: —; between what it did and what it must do

Price today ₹88.25

Change the assumptions yourself →

All earnings calls (2)

Read the Q4 FY26 call →

Learn to analyse Vidya Wires Limited

Guides on how to read this kind of business and the numbers that matter.