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Bansal Wire Industries Ltd (BANSALWIRE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544209 NSE: BANSALWIRE Steel & Iron Products | Small Cap | Bansal Wire Inds. Share Price
₹319.25 3.80 (1.20%)
As on 01-Sep'26 16:59
Bansal Wire Industries Ltd (BANSALWIRE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544209 NSE: BANSALWIRE Steel & Iron Products | Small Cap | Bansal Wire Inds. Share Price
₹319.25 3.80 (1.20%)
As on 01-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹4,982 Cr.
Current Price
₹319.3
52-Week Low / High
₹224 / 373
TTM EPS
₹7.4
TTM Sales
₹4,238 Cr.
Book Value per Share
₹84.9
P/E Ratio
42.96
In line with its 5-year historical median
Industry PE
25
Price to Book (P/B)
3.75
Lower than its 5-year historical median
Price to Sales (P/S)
1.18
Lower than its 5-year historical median
EV/EBITDA
22.26
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.39%
Outperforms industry median
Return on Capital Employed (ROCE)
12.23%
Outperforms industry median
Return on Assets (ROA)
6.23%
Operating Profit Margin
6.1%
Net Profit Margin
3.23%
Gross Profit Margin
5.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
25.21%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.04%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.67%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,252 Cr.
Equity
₹78.3 Cr.
Face Value
₹5
All Time Low / High
₹224.00 / 502.20
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Bansal Wire Industries Ltd a good quality company?
Bansal Wire Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Bansal Wire Industries Ltd performance compare with that of its Peers?
Revenue growth of Bansal Wire Industries Ltd vs industry peers?
Bansal Wire Industries Ltd revenue CAGR is 22.11%, compared to the industry median CAGR of 8.22%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Bansal Wire Industries Ltd?
Promoters hold 75.00% of the Bansal Wire Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Bansal Wire Industries Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -11.12% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bansal Wire Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.9% | 12.7% | 15.7% | 16.7% | 16.9% | 18.1% | 15.8% | 14.7% | 15.1% | 12.2% | - |
| Value Creation Index ⓘ | -0.2 | -0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 678 | 978 | 1,370 | 1,403 | 1,477 | 2,198 | 2,413 | 2,284 | 3,203 | 4,011 | 4,238 |
| Sales YoY Gr. | - | 44.3% | 40% | 2.4% | 5.3% | 48.8% | 9.8% | -5.3% | 40.2% | 25.2% | - |
| Adj EPS ⓘ | 1.4 | 1.9 | 3 | 4.7 | 9.2 | 4.2 | 4.2 | 5 | 7.8 | 7.9 | 7.4 |
| YoY Gr. | - | 34.1% | 61.6% | 56.2% | 97.6% | -54.7% | 0.7% | 18.8% | 55% | 2.3% | - |
| BVPS (₹) ⓘ | 13.1 | 15 | 19.6 | 24.5 | 38.5 | 17.5 | 22.2 | 27.8 | 75.6 | 83.9 | 84.9 |
| Adj Net Profit ⓘ | 7.4 | 9.9 | 16.1 | 25.1 | 38.4 | 53.3 | 53.6 | 63.7 | 121 | 124 | 116 |
| Cash Flow from Ops. ⓘ | -2.9 | -13.5 | 19.7 | -9.8 | -37.3 | -11.5 | 103 | 73.7 | -109 | 218 | - |
| Debt/CF from Ops. ⓘ | -58.4 | -15.4 | 10.7 | -26.8 | -9.7 | -35.8 | 4.1 | 8.2 | -5 | 2.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.8% | 22.1% | 18.5% | 25.2% | ||||
| Adj EPS ⓘ | 21.4% | -3% | 23.5% | 2.3% | ||||
| BVPSⓘ | 22.9% | 16.9% | 55.8% | 11% | ||||
| Share Price | - | - | - | -11.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.1 | 13.2 | 17.3 | 21.1 | 26.3 | 27.9 | 21.2 | 20 | 15.8 | 9.9 | 8.8 |
| Op. Profit Mgn % ⓘ | 4.9 | 3.9 | 3.5 | 4.5 | 5.5 | 4.8 | 4.4 | 5.5 | 6.4 | 6.1 | 5.4 |
| Net Profit Mgn % ⓘ | 1.1 | 1 | 1.2 | 1.8 | 2.6 | 2.4 | 2.2 | 2.8 | 3.8 | 3.1 | 2.7 |
| Debt to Equity ⓘ | 2.4 | 2.6 | 2 | 2 | 2.3 | 1.9 | 1.5 | 1.7 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 85 | 70 | 60 | 69 | 100 | 86 | 87 | 100 | 107 | 111 | 48 |
| Cash Conv. Cycle ⓘ | 72 | 62 | 54 | 62 | 85 | 73 | 74 | 76 | 65 | 65 | 20 |
Valuation of Bansal Wire Inds. - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 678 | 978 | 1,370 | 1,403 | 1,477 | 2,198 | 2,413 | 2,284 | 3,203 | 4,011 |
| Operating Expenses ⓘ + | 645 | 939 | 1,322 | 1,339 | 1,395 | 2,092 | 2,308 | 2,160 | 2,997 | 3,767 |
| Operating Profit ⓘ | 33 | 39 | 48 | 64 | 82 | 106 | 105 | 125 | 206 | 243 |
| Operating Profit Margin (%) | 4.8% | 3.9% | 3.5% | 4.5% | 5.5% | 4.8% | 4.4% | 5.5% | 6.4% | 6.1% |
| Other Income ⓘ + | 0 | 1 | 4 | 3 | 3 | 7 | 10 | 4 | 13 | 18 |
| Interest ⓘ | 15 | 18 | 20 | 22 | 21 | 27 | 24 | 25 | 30 | 45 |
| Depreciation ⓘ | 6 | 6 | 6 | 7 | 8 | 8 | 9 | 10 | 18 | 45 |
| Profit Before Tax ⓘ | 12 | 16 | 27 | 38 | 56 | 78 | 82 | 97 | 172 | 169 |
| Tax ⓘ | 4 | 6 | 9 | 11 | 16 | 21 | 22 | 28 | 47 | 39 |
| Profit After Tax | 7 | 10 | 18 | 26 | 40 | 57 | 60 | 68 | 125 | 130 |
| PAT Margin (%) | 1.1% | 1.0% | 1.3% | 1.9% | 2.7% | 2.6% | 2.5% | 3.0% | 3.9% | 3.2% |
| Adjusted EPS (₹) | 1.4 | 1.9 | 3.4 | 4.9 | 9.7 | 4.5 | 4.7 | 5.4 | 8.0 | 8.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 70 | 80 | 106 | 132 | 160 | 223 | 283 | 354 | 1,183 | 1,313 | |
| Debt + | 167 | 199 | 205 | 261 | 346 | 398 | 409 | 578 | 534 | 459 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 1 | 0 | 4 | 17 | 21 | 13 | 58 | 222 | 294 | |
| Others Liabilities ⓘ | 42 | 46 | 59 | 40 | 54 | 61 | 63 | 84 | 45 | 115 | |
| Total Liabilities ⓘ | 280 | 327 | 370 | 436 | 577 | 703 | 766 | 1,074 | 1,984 | 2,182 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 83 | 83 | 86 | 99 | 106 | 116 | 116 | 142 | 507 | 651 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 38 | 202 | 163 | 181 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 23 | 23 | 55 | 99 | 99 | |
| Inventories | 66 | 92 | 107 | 135 | 197 | 265 | 244 | 255 | 479 | 500 | |
| Trade Receivables | 103 | 131 | 146 | 171 | 207 | 249 | 252 | 273 | 445 | 561 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 4 | 5 | 7 | |
| Others Assets ⓘ | 28 | 21 | 31 | 30 | 67 | 50 | 93 | 143 | 286 | 182 | |
| Total Assets ⓘ | 280 | 327 | 370 | 436 | 577 | 703 | 766 | 1,074 | 1,984 | 2,182 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -3 | -13 | 20 | -10 | -37 | -12 | 103 | 74 | -109 | 218 |
| Cash Flow From Investing Activity ⓘ + | -4 | -6 | -10 | -21 | -33 | -19 | -87 | -229 | -504 | -107 |
| Cash Flow From Financing Activity ⓘ + | 7 | 19 | -10 | 31 | 70 | 30 | -15 | 156 | 612 | -111 |
| Net Cash Flow ⓘ | -0 | -0 | 0 | 0 | 0 | -0 | 0 | 1 | -0 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.15 | 13.26 | 19.67 | 22.31 | 27.74 | 29.92 | 23.71 | 21.5 | 16.28 | 10.39 |
| ROCE (%) | 11.93 | 12.66 | 15.74 | 16.73 | 16.87 | 18.08 | 15.75 | 14.68 | 15.06 | 12.23 |
| Asset Turnover Ratio | 2.93 | 3.77 | 4.58 | 4.04 | 2.92 | 3.44 | 3.28 | 2.49 | 2.1 | 1.94 |
| PAT to CFO Conversion(x) | -0.43 | -1.3 | 1.11 | -0.38 | -0.93 | -0.21 | 1.72 | 1.09 | -0.87 | 1.68 |
| Working Capital Days | ||||||||||
| Receivable Days | 46.70 | 37.40 | 31.70 | 35.50 | 46.70 | 37.80 | 37.90 | 41.80 | 40.70 | 45.50 |
| Inventory Days | 27 | 25.10 | 22.70 | 27.20 | 41.10 | 38.40 | 38.50 | 39.70 | 41.60 | 44.30 |
| Payable Days | 2.50 | 0.60 | 0.30 | 0.70 | 3.50 | 3.90 | 3.10 | 7.10 | 19.90 | 28.60 |
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Bansal Wire Industries Ltd FAQs
The current trading price of Bansal Wire Inds. on 01-Sep-2026 16:59 is ₹319.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Aug-2026 the market cap of Bansal Wire Inds. stood at ₹4,981.6 Cr
The latest P/E ratio of Bansal Wire Inds. as of 31-Aug-2026 is 42.96.
The latest P/B ratio of Bansal Wire Inds. as of 31-Aug-2026 is 3.75.
The 52-week high of Bansal Wire Inds. is ₹373.0 and the 52-week low is ₹224.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bansal Wire Inds. is ₹4,238 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bansal Wire Industries Ltd is a average quality company.
The key valuation ratios of Bansal Wire Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bansal Wire Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Bansal Wire Industries Ltd
Bansal Wire Industries (BWIL) stands as a leading player in India’s steel wire manufacturing sector, building on a rich legacy that began with its group as a wire-trading house in 1938. The Company itself was incorporated in 1985 and has since consistently delivered quality products, establishing a distinct identity in the industry. BWIL holds a significant market position, recognised as the largest stainless steel wire manufacturer by volume and the second-largest overall steel wire manufacturer by volume in India. This strong standing is supported by a comprehensively diversified product portfolio, encompassing over thousands of stock-keeping units (SKUs) of different types of steel wire products. These range from high-carbon steel wire, low-carbon steel wire (mild steel wire), and stainless-steel wire, to specialised offerings like cable armouring wires and strips, galvanised wires, profile/ shaped wires, and aluminium alloy wires.
BWIL’s product mix and plant capabilities enable flexible production line adjustments in response to evolving industry demands. The company along with its subsidiary operates from existing manufacturing facilities, and has also established a new, state-of-the-art single-location manufacturing facility in India. The company’s manufacturing facilities are certified to ISO 9001:2015, ISO 14001:2015, IATF:16949:2016, and IS 6528:1995, reflecting its commitment to quality and operational excellence. BWIL’s products cater to a wide array of critical sectors, including automotive, general engineering, infrastructure, hardware, consumer durables, power and transmission, agriculture, and auto replacement.
The company was originally incorporated as a private limited company under the name of “Bansal Wire Industries Private Limited” on December 11, 1985, under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the RoC. Thereafter, the company was converted into a public limited company pursuant to a resolution passed by its Board at its meeting held on September 5, 1995 and a special resolution passed by its Shareholders at their annual general meeting held on September 29, 1995, and the name of the company was changed to “Bansal Wire Industries Limited”, and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued by the RoC on November 13, 1995.
Business area of the company
BWIL is principally engaged in the business of manufacturing and sale of wires of multiple varieties including mild steel, stainless steel, high carbon etc., of various categories, shapes and sizes used in the Automobile, Infrastructure, Fastener, Kitchen-ware and other industries.
Products
- Stainless Steel Wires
- Mild Steel Wires (Low Carbon Steel Wires)
- High Carbon Steel Wires
- Profile / Shaped Wires
- Aluminium Alloy
- Galvanized Wires
- Cable Armouring Wires & Strips
Milestones
- 1938: Started journey as a steel wire trading house
- 1985: Incorporation of Company as Bansal Wire Industries Private Limited
- 1986: Recorded production of 102 tonnes in first month of incorporation
- 1991: Commenced cable wire manufacturing
- 1995: Commenced production of stainless-steel wires
- 2003: Commenced manufacturing of galvanized wire
- 2007: Commenced production of high carbon wires
- 2015: Launched new products such as spring wires and auto cables of automotive industry
- 2018: Became the largest producer of stainless-steel wire products
- 2022: Recorded export sales of over Rs 3,850 million
- 2022: Commenced infrastructure of Dadri plant
- 2023: Acquisition of Bansal Steel & Power Limited
- 2024: Fund raised through IPO
- 2024: Dadri facility commenced operations in January
- 2024: Initiated pilot project of speciality wires in December
- 2025: Acquisition of land to support production capabilities
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