Bansal Wire Industries Ltd
BANSALWIRE NSE
Bansal Wire Industries Ltd
Industrial ProductsNSE: BANSALWIRE BSE: 544209 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹5,010 Cr
Volatility
Moderate
P/E Ratio
35.31
EBITDA
₹307 Cr
Return on Equity
11.53%
Debt to Equity
0.39
Book Value
₹91.38
EPS
₹4.78
52W High
₹380.2
52W Low
₹222.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bansal Wire Industries Ltd insights
48 extracted metrics + investor summaries across FY22–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
2- Stock is trading at 3.54 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
18.29% ↗
Net Income Growth
13.25% ↗
Cash Flow Change
72.08% ↗
ROE
-29.35% ↗
ROCE
-5.18% ↗
EBITDA Margin (Avg.)
-6.95% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
Bansal Wire Industries is a mid-cap industrial wire manufacturer with a market cap of ₹5,656 Cr, trading at a PE of 35.6x and 4x book value. Revenue grew 42% YoY in FY25 to ₹3,507 Cr with net profit of ₹146 Cr, while the company is investing ₹550-600 Cr in capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA targeting 10% market share by FY28.
Bull Case 8
- Strong revenue growth with FY25 sales at ₹3,507 Cr, up 42% YoY from ₹2,466 Cr in FY24, and TTM sales growth of 19%
- Aggressive capacity expansion from 2.4 lakh MTPA to 6 lakh MTPA with ₹550-600 Cr investment, with additional 1.2 lakh tons to be commissioned by Q2 FY26 taking total to 6.7-6.8 lakh tons
- Compounded profit growth of 40% CAGR over 3 years demonstrates strong earnings momentum from a low base
- Company targeting 25-30% volume growth in FY26 with FY26 revenue already at ₹4,160 Cr, and aiming for 10% market share by FY28 from current levels
- Operating profit margin improved from 5.85% in FY24 to 7.64% in FY25, indicating better pricing power and product mix shift toward value-added products
- Q4 FY25 showed strong momentum with revenue up 33% YoY to ₹940 Cr and EBITDA up 59% YoY to ₹75 Cr
- New steel tyre cord business could generate up to ₹3,000 Cr in revenue over next 5-7 years, opening a high-margin product vertical
- 9-month FY26 sales volume at 3,40,411 MT already approaching full-year FY25 volume of 3,44,710 MT, indicating strong volume ramp-up
Bear Case 8
- Stock trades at 4.01x book value and 35.6x PE, which is expensive for an industrial wire company with net profit margins of only 4.2% in FY25
- Zero dividend payout despite reporting repeated profits across all years from FY20 to FY26, offering no income return to shareholders
- Net profit margin remains thin at 4.2% in FY25, and interest costs rose sharply from ₹28.8 Cr in FY24 to ₹37.8 Cr in FY25 to ₹56.4 Cr in FY26 as debt funds expansion
- ROE has declined from 15% (3-year average) and 16% (5-year average) to 12% in the last year, indicating returns on equity are compressing even as the company scales
- Stock price has delivered -4% returns over 1 year, underperforming despite strong operational growth, suggesting market skepticism about valuations
- Depreciation nearly doubled from ₹30 Cr in FY25 to ₹57 Cr in FY26 as new capacity comes online, pressuring near-term EPS growth
- Wire manufacturing is a commoditized, low-margin business with operating margins of only 7-8%, leaving limited pricing power in a downturn
- Tax rate volatility with FY25 at 30.4% versus FY26 at 22.2% flatters recent profit growth; normalization could compress earnings
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Positives 1
- Trial order for Steel Tyre Cord Jun 13
Bansal Wire secured a trial purchase order for Steel Tyre Cord from a leading tyre manufacturer after successful sample evaluation, signaling potential entry into a new high-value product segment.
Neutral 2
- Promoter selling 2.99% stake Jun 24
Promoter Mrinaal Mittal plans to sell up to 46,82,916 shares (2.99% stake) by Aug 31, 2026, to meet minimum public shareholding norms. Sale window opens Jun 25, 2026.
- No share encumbrance in FY26 Jun 29
Bansal Wire confirmed that none of the 51 promoter group entities encumbered shares during FY26, indicating clean promoter holdings.
TL;DR: Bansal Wire is making progress on product diversification with a trial order for Steel Tyre Cord from a major tyre maker, which could open a new revenue stream. The promoter stake sale is regulatory in nature and not a sentiment concern. No material headwinds are visible in recent news flow. The near-term trend is mildly positive, contingent on conversion of the trial order into a commercial supply agreement.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 548 | 603 | 606 | 709 | 817 | 825 | 925 | 940 | 939 | 1,055 | 1,029 | 1,136 | 1,168 |
| Expenses | 522 | 567 | 570 | 663 | 756 | 762 | 853 | 871 | 867 | 979 | 944 | 1,060 | 1,112 |
| Operating Profit | 26 | 36 | 36 | 46 | 61 | 64 | 72 | 70 | 72 | 77 | 85 | 76 | 56 |
| OPM % | 4.8% | 6% | 6% | 6% | 7% | 8% | 8% | 7% | 8% | 7% | 8% | 7% | 4.8% |
| Other Income | 1 | 5 | 1 | 1 | 1 | 4 | 1 | 3 | 3 | 5 | 0 | 3 | 0 |
| Interest | 6 | 6 | 7 | 9 | 12 | 6 | 7 | 11 | 12 | 16 | 15 | 14 | 15 |
| Depreciation | 2 | 2 | 3 | 6 | 5 | 6 | 8 | 11 | 12 | 15 | 15 | 15 | 15 |
| PBT | 19 | 32 | 27 | 32 | 44 | 57 | 58 | 51 | 50 | 51 | 56 | 50 | 26 |
| Tax % | 9% | 44% | 43% | 23% | 29% | 30% | 28% | 35% | 21% | 25% | 23% | 20% | 21% |
| Net Profit | 17 | 18 | 15 | 24 | 32 | 40 | 42 | 33 | 39 | 38 | 43 | 40 | 20 |
| EPS in Rs | 19 | 19.94 | 1.16 | 1.83 | 2.37 | 2.53 | 2.66 | 2.11 | 2.51 | 2.45 | 2.76 | 2.56 | 1.31 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 2,197 | 2,412 | 2,466 | 3,507 | 4,160 | 4,389 |
| Expenses | 2,091 | 2,307 | 2,321 | 3,238 | 3,850 | 4,094 |
| Operating Profit | 106 | 105 | 144 | 269 | 310 | 295 |
| OPM % | 4.8% | 4.4% | 6% | 8% | 7% | 7% |
| Other Income | 7 | 10 | 8 | 9 | 10 | 8 |
| Interest | 27 | 24 | 29 | 38 | 56 | 60 |
| Depreciation | 8 | 9 | 13 | 30 | 57 | 60 |
| PBT | 78 | 82 | 110 | 210 | 207 | 183 |
| Tax % | 27% | 27% | 32% | 30% | 22% | — |
| Net Profit | 57 | 60 | 75 | 146 | 161 | 142 |
| EPS in Rs | 62.93 | 65.83 | 5.78 | 9.24 | 10.28 | 9.08 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 64 | 78 | 78 |
| Reserves | 214 | 273 | 359 | 1,191 | 1,352 |
| Borrowings | 413 | 422 | 681 | 608 | 555 |
| Other Liabilities | 59 | 44 | 160 | 291 | 532 |
| Total Liabilities | 695 | 749 | 1,264 | 2,168 | 2,517 |
| Fixed Assets | 116 | 116 | 229 | 693 | 831 |
| CWIP | 0 | 38 | 212 | 178 | 214 |
| Investments | 23 | 23 | 1 | 1 | 1 |
| Other Assets | 557 | 573 | 821 | 1,296 | 1,471 |
| Total Assets | 695 | 749 | 1,264 | 2,168 | 2,517 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | -12 | 103 | -541 | -151 | 333 |
| Investing | -19 | -87 | -496 | -444 | -223 |
| Financing | 30 | -15 | 1,038 | 595 | -110 |
| Net Cash Flow | 0 | 0 | 2 | 0 | 0 |
| Free Cash Flow | -30 | 15 | -1,033 | -610 | 103 |
| CFO/OP | 5 | 127 | -361 | -34 | 120 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 41 | 38 | 53 | 50 | 52 |
| Inventory Days | 55 | 45 | 58 | 86 | 81 |
| Days Payable | 4 | 2 | 11 | 25 | 42 |
| Cash Conversion Cycle | 92 | 81 | 100 | 110 | 91 |
| Working Capital Days | 35 | 40 | 42 | 59 | 49 |
| ROCE % | — | 16% | 15% | 16% | 14% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11h - Bansal Wire Industries Limited has informed regarding schedule of investor/Analysts meet to be held on Friday, May 15, 2026 11h - Bansal Wire Industries Limited has informed regarding schedule of investor/Analysts meet to be held on Friday, May 15, 2026
2
Update On Litigation
1 May - Delhi High Court quashed ₹56.77 million and ₹21.37 million tax demands for subsidiary; no financial impact. 1 May - Delhi High Court quashed ₹56.77 million and ₹21.37 million tax demands for subsidiary; no financial impact.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Apr - Bansal Wire Industries Limited has informed regarding the newspaper advertisement published in financial express (English) and Jansatta (Hindi) for audited financial results of the Company … 30 Apr - Bansal Wire Industries Limited has informed regarding the newspaper advertisement published in financial express (English) and Jansatta (Hindi) for audited financial results of the Company …
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Apr - Audio recording of earnings call for Q4 and FY26 audited results, held April 30, 2026. 30 Apr - Audio recording of earnings call for Q4 and FY26 audited results, held April 30, 2026.
5
Announcement under Regulation 30 (LODR)-Investor Presentation
29 Apr - Bansal Wire Industries Limited has informed regarding Investor Presentation on Audited Financial Results for Q4 FY26 29 Apr - Bansal Wire Industries Limited has informed regarding Investor Presentation on Audited Financial Results for Q4 FY26
4
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 12 Aug 2026
General_Announcements
Frequently Asked Questions about Bansal Wire Industries Ltd
What does Bansal Wire Industries Ltd do?
Incorporated in 1985, Bansal Wire Industries
Ltd manufactures and sells wires of multiple varieties[1]
Where is Bansal Wire Industries Ltd (BANSALWIRE) listed?
Bansal Wire Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: BANSALWIRE and BSE: 544209. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bansal Wire Industries Ltd belong to?
Bansal Wire Industries Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd has a market capitalisation of approximately ₹5009.79 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Bansal Wire Industries Ltd?
The Price-to-Earnings (PE) ratio of Bansal Wire Industries Ltd is 35.31. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bansal Wire Industries Ltd?
Over the past 52 weeks, Bansal Wire Industries Ltd has traded between a low of ₹222.5 and a high of ₹380.2. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Bansal Wire Industries Ltd?
Bansal Wire Industries Ltd has a Return on Equity (ROE) of 11.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bansal Wire Industries Ltd on Tapetide?
On Tapetide, you can view Bansal Wire Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1985, Bansal Wire Industries Ltd manufactures and sells wires of multiple varieties[1]
Website bansalwire.com
CEO Mr. Arun Gupta
Employees 2,448
Listed 2024-07-10
Face Value ₹ 5
Issued Size 15,65,55,952