Incorporated in 1985, Bansal Wire IndustriesLtd manufactures and sells wires of multiple varieties[1]
Business Overview:[1]Bansal Wire Industries Ltd is a leading Indian steel wire manufacturer, ranked2nd by volume overall and the largest in stainless steel wire by volume. It serves 5,000+ customers across 50+ countries, with an 89.56% retention rate among its top 300 clients.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | APL Apollo Tubes | 1966.20 | 52.05 | 54588.80 | 0.29 | 301.54 | 460.38 | 5206.30 | 9.06 | 22.36 | 21317.40 | 7.40 | 1048.79 | 301.54 | 11.85 | 10.02 | 0.16 |
| 2. | Shyam Metalics | 845.80 | 24.33 | 23608.97 | 0.53 | 260.45 | 21.47 | 4457.02 | 22.65 | 12.05 | 16767.73 | 12.46 | 970.37 | 261.76 | 2.14 | 5.92 | 0.10 |
| 3. | Welspun Corp | 802.70 | 11.94 | 21174.47 | 0.62 | 443.51 | 48.67 | 4373.61 | 32.46 | 21.24 | 15463.58 | 13.00 | 1773.93 | 439.68 | 2.58 | 8.93 | 0.19 |
| 4. | Godawari Power | 274.00 | 24.69 | 18352.39 | 0.36 | 161.65 | 1.78 | 1307.68 | 3.16 | 23.25 | 5396.61 | 20.82 | 743.44 | 161.44 | 3.51 | 13.86 | 0.04 |
| 5. | Ratnamani Metals | 2308.20 | 26.68 | 16178.64 | 0.61 | 156.04 | 35.69 | 1191.69 | 22.69 | 21.51 | 5374.76 | 16.84 | 606.49 | 136.22 | 4.18 | 12.11 | 0.06 |
| 6. | Usha Martin | 456.20 | 32.95 | 13902.32 | 0.66 | 109.80 | 16.20 | 907.56 | 1.84 | 18.75 | 3551.37 | 16.89 | 421.99 | 127.50 | 4.69 | 11.50 | 0.09 |
| 7. | Gallantt Ispat L | 560.30 | 27.44 | 13518.97 | 0.22 | 88.93 | 81.90 | 1012.75 | 7.45 | 19.20 | 4331.00 | 17.56 | 492.70 | 88.93 | 4.35 | 11.96 | 0.21 |
| 8. | Bansal Wire Inds | 308.60 | 37.79 | 4831.32 | 0.00 | 31.81 | -4.85 | 1010.65 | 44.25 | 15.06 | 3744.60 | 6.13 | 127.85 | 31.81 | 3.88 | 8.24 | 0.41 |
| – | Median: 83 Co. | 160.65 | 22.76 | 940.2 | 0.0 | 10.42 | 11.87 | 191.14 | 9.01 | 14.04 | 718.49 | 8.08 | 32.96 | 10.42 | 2.35 | 6.7 | 0.26 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | 562 | 929 | 548 | 677 | 908 | 571 | 897 | 603 | 701 | 1,011 |
Expenses | 531 | 873 | 522 | 631 | 852 | 540 | 839 | 567 | 654 | 951 |
Operating Profit | 31 | 56 | 26 | 45 | 56 | 31 | 58 | 36 | 47 | 60 |
Other Income | 1 | 3 | 1 | 1 | 5 | 1 | 4 | 5 | 5 | 6 |
Profit before tax | 23 | 48 | 19 | 35 | 41 | 22 | 44 | 32 | 45 | 42 |
Tax % | 43% | 25% | 9% | 25% | 27% | 10% | 32% | 44% | 26% | 24% |
Net Profit | 13 | 36 | 17 | 26 | 30 | 20 | 30 | 18 | 33 | 32 |
EPS in Rs | 1.03 | 2.28 | 19.00 | 2.04 | 1.93 | 1.56 | 1.92 | 19.94 | 2.14 | 2.03 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
Sales | 1,372 | 1,403 | 1,477 | 2,197 | 2,412 | 2,284 | 3,203 | 3,745 |
Expenses | 1,322 | 1,339 | 1,395 | 2,091 | 2,307 | 2,160 | 2,997 | 3,515 |
Operating Profit | 51 | 64 | 82 | 106 | 105 | 125 | 206 | 230 |
Other Income | 3 | 2 | 3 | 7 | 9 | 7 | 13 | 18 |
Interest | 20 | 22 | 21 | 27 | 24 | 25 | 30 | 39 |
Depreciation | 6 | 7 | 8 | 8 | 9 | 10 | 18 | 33 |
Profit before tax | 27 | 38 | 56 | 78 | 82 | 97 | 172 | 175 |
Net Profit | 18 | 26 | 40 | 57 | 60 | 68 | 125 | 128 |
EPS in Rs | 47.61 | 68.91 | 136.24 | 62.93 | 65.89 | 5.37 | 7.99 | 8.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 3 | 9 | 9 | 64 | 78 | 78 |
Reserves | 102 | 128 | 157 | 214 | 277 | 290 | 1,105 | 1,167 |
Borrowings | 211 | 263 | 362 | 413 | 422 | 603 | 537 | 514 |
Other Liabilities | 38 | 41 | 48 | 59 | 44 | 95 | 265 | 235 |
Total Liabilities | 355 | 436 | 570 | 695 | 753 | 1,052 | 1,985 | 1,994 |
Fixed Assets | 86 | 99 | 106 | 116 | 116 | 142 | 507 | 641 |
Gross Block | 124.56 | 144.83 | 113.14 | 131.44 | 132.98 | 168.48 | 551.40 | – |
Accumulated Depreciation | 38.83 | 45.43 | 7.50 | 15.86 | 17.47 | 26.84 | 44.15 | – |
CWIP | 0 | 0 | 0 | 0 | 38 | 202 | 163 | 108 |
Investments | 0 | 0 | 0 | 23 | 23 | 55 | 99 | 99 |
Other Assets | 269 | 337 | 465 | 557 | 577 | 653 | 1,216 | 1,146 |
Total Assets | 355 | 436 | 570 | 695 | 753 | 1,052 | 1,985 | 1,994 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 20 | -10 | -37 | -12 | 102 | 74 | -106 |
Cash from Investing Activity | -8 | -21 | -33 | -19 | -87 | -229 | -504 |
Cash from Financing Activity | -11 | 31 | 70 | 30 | -15 | 156 | 610 |
Net Cash Flow | 0 | 0 | 0 | -0 | 0 | 1 | -0 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Debtor Days | 39 | 44 | 51 | 41 | 38 | 44 | 51 |
Inventory Days | 35 | 45 | 65 | 55 | 45 | 51 | 68 |
Days Payable | 0 | 1 | 6 | 4 | 3 | 12 | 31 |
Cash Conversion Cycle | 74 | 88 | 111 | 92 | 81 | 83 | 87 |
Working Capital Days | 18 | 27 | 42 | 35 | 40 | 32 | 44 |
ROCE % | – | 17% | 17% | 18% | 16% | 14% | 15% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Jul 2025
May 2025
Feb 2025
Nov 2024
Aug 2024
Stock Analysis
Bansal Wire Industries Limited is a prominent Indian manufacturer specializing in steel wires, serving a diverse range of industries and exporting to over 50 countries.
Growth is driven by expanding its specialty wire product portfolio, including IBT and LRPC wires for automotive and infrastructure sectors. Strategic capacity expansions, such as the Sanand plant, and strong customer retention across domestic and international markets are key drivers. Focus on operational efficiency and leveraging sectoral tailwinds.
Currently no data available for Order Book.
The company has received multiple Goods and Services Tax (GST) Show Cause Notices for various financial years related to E-way bills, input tax credit, and RODTEP license sales. While the company contests these demands and expects no material financial impact due to reductions in liability orders and planned appeals, these remain a point of watch.
Corporate Announcements
