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Bansal Wire Industries Limited
(BANSALWIRE)
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Rating:53Neutral
Price Target:
₹63.00
▼(-80.50% Downside)
Action:Reiterated
Date:10/17/26
The score is driven primarily by strong FY2026 revenue growth and improved gross profitability, but it is held back by inconsistent cash-flow quality/cash conversion and thin net margins. Technicals are currently weak (below key moving averages with negative MACD), and valuation is also a headwind given the elevated P/E and no dividend yield data.
Positive Factors
Strong Revenue Growth
Revenue growth of 110.3% demonstrates substantial expansion in the company’s steel-wire business during FY2026. If supported by sustained industrial demand and shipment volumes, this larger revenue base can improve scale, strengthen customer reach, and provide a foundation for future earnings growth.
Negative Factors
Volatile Cash Generation
Cash generation has been inconsistent, with deeply negative operating and free cash flow in FY2025 followed by improvement in FY2026. This volatility can complicate reinvestment and working-capital management, making reported earnings less dependable as a durable source of internally generated funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth of 110.3% demonstrates substantial expansion in the company’s steel-wire business during FY2026. If supported by sustained industrial demand and shipment volumes, this larger revenue base can improve scale, strengthen customer reach, and provide a foundation for future earnings growth.
Read all positive factors
Bansal Wire Industries Limited (BANSALWIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹45.75B
Dividend YieldN/A
Average Volume (3M)138.13K
Price to Earnings (P/E)29.2
Beta (1Y)1.18
Revenue Growth20.27%
EPS Growth2.82%
CountryIN
Employees3,099
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.92
Shares Outstanding782,779,800
10 Day Avg. Volume73,722
30 Day Avg. Volume138,126
Financial Highlights & Ratios
PEG Ratio4.03
Price to Book (P/B)2.56
Price to Sales (P/S)0.88
P/FCF Ratio36.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.42
Revenue Forecast (FY)₹53.89B
Bansal Wire Industries Limited Business Overview & Revenue Model
Company Description
Operating globally, Bansal Wire Industries Limited specializes in the production and sale of steel wires. The company offers a comprehensive product catalog, encompassing a wide variety of specialized wires such as cold heading, spring, welding, r...
How the Company Makes Money
Bansal Wire Industries Limited primarily makes money by manufacturing and selling steel wire products to business customers. Its revenue is generated from (1) domestic sales of finished steel wire across multiple end-use industries (e.g., automoti...
Bansal Wire Industries Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
62
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 19.78B | 41.60B | 34.90B |
| Gross Profit | 710.58M | 9.71B | 4.62B |
| EBITDA | 1.49B | 3.21B | 2.71B |
| Net Income | 714.40M | 1.61B | 1.45B |
Balance Sheet | |||
| Total Assets | 22.79B | 25.17B | 21.68B |
| Cash, Cash Equivalents and Short-Term Investments | 57.74M | 313.03M | 57.94M |
| Total Debt | 5.98B | 5.55B | 6.08B |
| Total Liabilities | 9.33B | 10.86B | 8.99B |
| Stockholders Equity | 13.47B | 14.31B | 12.69B |
Cash Flow | |||
| Free Cash Flow | -4.24B | 1.01B | -6.48B |
| Operating Cash Flow | -22.69M | 3.33B | -1.86B |
| Investing Cash Flow | -2.63B | -2.23B | -4.44B |
| Financing Cash Flow | 2.51B | -1.10B | 5.95B |
Bansal Wire Industries Limited Technical Analysis
Negative
323.05
Price Trends
62.85
Negative
63.46
Negative
59.99
Negative
Market Momentum
-1.27
Positive
39.77
Neutral
27.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANSALWIRE, the sentiment is Negative. The current price of 323.05 is above the 20-day moving average (MA) of 62.31, above the 50-day MA of 62.85, and above the 200-day MA of 59.99, indicating a bearish trend. The MACD of -1.27 indicates Positive momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 27.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANSALWIRE.
Bansal Wire Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹141.28B | 27.87 | ― | 0.81% | 8.54% | 25.42% | |
64 Neutral | ₹70.93B | 34.49 | ― | 0.25% | 9.35% | 4.58% | |
62 Neutral | ₹319.65B | 28.39 | ― | 0.39% | 22.76% | 21.47% | |
61 Neutral | ₹20.43B | 24.41 | ― | 0.50% | 29.15% | 42.04% | |
59 Neutral | ₹36.79B | 34.97 | ― | 0.08% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹45.75B | 29.19 | ― | ― | 20.27% | 2.82% |
* General Sector Average
IN:BANSALWIRE
Bansal Wire Industries Limited
58.45
-4.60
-7.30%
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1.12%
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25.91%
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393.55
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43.76%
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463.60
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0.94%
IN:VENUSPIPES
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37.19%
Bansal Wire Industries Limited Corporate Events
Bansal Wire Confirms Full Demat Compliance for Q2 FY2026
Oct 10, 2026
Bansal Wire Industries Limited has submitted to BSE and NSE a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026, issued by its registrar and transfer agent KFi...
Bansal Wire Plans Share Sub-Division, Closes Trading Window
Aug 8, 2026
Bansal Wire Industries Limited has scheduled a board meeting on August 12, 2026 to consider a sub-division or split of its existing fully paid equity shares with a face value of Rs 5 each, subject to shareholder and regulatory approvals. In line w...
Bansal Wire Subsidiary Wins Appeal as GST Interest Demand Cut to Nil
Jul 25, 2026
Bansal Wire Industries’ wholly owned subsidiary, Bansal Steel Power Limited, has received a favourable order from the Joint Commissioner of State Tax (Appeals), Rohtak, which reduces a previously raised interest demand of Rs. 16,88,804 to n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.