Manufactures steel wire products from an operating capacity of 680,000 tonnes per annum, selling primarily to business customers across automotive, infrastructure, and industrial end-markets. The core business produces conventional wires used in fasteners, construction, and general engineering, while a specialty wire portfolio — Steel Cord for tire reinforcement, IHT wires, and OHT wires — is in the early stages of revenue ramp. A newly launched B2C range of farming, fencing, and poultry wire already accounts for about 10% of sales, with a stated internal target of 25% of total revenue. Q1 FY27 sales volume was about 112,000 tonnes against revenue of INR 1,168 crore, with full-year FY26 revenue at INR 4,159.786 crore. The largest cost is raw materials at 78.1% of revenue, with industrial gas a meaningful secondary input that compressed Q1 FY27 margins when West Asia supply was disrupted. Annual capex is guided at INR 200-250 crore to support a stated 20% volume growth target. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Conventional steel wires (B2B), Specialty wires — Steel Cord, IHT, OHT, B2C farming, fencing and poultry wires (10%). Asset-heavy, cyclical steel-wire manufacturing with a growing specialty and B2C mix
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 3,507 | 4,160 |
| EBITDA (ex other income) | 269 | 307 |
| margin % | 7.7 | 7.4 |
| Owners' profit | 145 | 161 |
| EPS, as reported (₹) | 9.73 | 10.28 |
| ROE % · ROCE % | 11.5 · 16.8 | 11.2 · 16.2 |
| Debt / equity (x) | 0.48 | 0.39 |
| Cash from operations | (151) | 333 |
| Capex | (463) | (233) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 825 | 925 | 940 | 939 | 1,055 | 1,029 | 1,136 | 1,168 |
| Profit before tax | 57 | 58 | 51 | 50 | 51 | 56 | 50 | 26 |
| Net profit | 40 | 42 | 33 | 39 | 38 | 43 | 40 | 20 |
| EPS (₹) | 2.85 | 2.66 | 2.12 | 2.51 | 2.46 | 2.76 | 2.56 | 1.31 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 22 Aug 2026 · Newspaper publication of 41st AGM notice by Bansal Wire Industries | compliance | minimal | — | — |
| 21 Aug 2026 · Bansal Wire files BRSR sustainability report for FY 2025-26 | compliance | low | — | — |
| 21 Aug 2026 · 41st AGM notice and FY26 annual report from Bansal Wire Industries | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Bansal Wire FY26 annual report sent for September 17 AGM | results | high | — | — |
| 19 Aug 2026 · Bansal Wire Industries schedules 41st AGM for September 17, 2026 | compliance | minimal | — | — |
| 12 Aug 2026 · Board approves 1:5 stock split, new independent director, AGM on Sep 17 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Director exits, new appointee and 5-for-1 stock split approved | management changes | medium | — | — |
| 12 Aug 2026 · Board approves 5:1 stock split, director changes | corporate actions | medium | — | — |
| 12 Aug 2026 · Bansal Wire announces 1:5 stock split, board changes | corporate actions | high | — | — |
| 12 Aug 2026 · New Independent Director appointed, one resigns, board approves 1:5 stock split | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.2 | 16.2 | 93 of 118 | 21% |
| P/B | 3.4 | 1.7 | 73 of 99 | 27% |
| ROCE | 12.7 | 8.7 | 40 of 120 | 67% |
| ROE | 11.3 | 8.6 | 41 of 114 | 65% |
| Debt / Equity | 0.4 | 0.1 | 85 of 114 | 26% |
| EBITDA margin | 4.9 | 11.0 | 75 of 100 | 25% |
| Revenue growth | 24.4 | 13.7 | 33 of 97 | 67% |
| Profit growth | (47.9) | 29.3 | 87 of 105 | 17% |
| Market cap | 4869 | 247 | 16 of 120 | 87% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
