DP Wires Ltd. (IN:DPWIRES)
:DPWIRES
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DP Wires Ltd.
(DPWIRES)
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Rating:69Neutral
Price Target:
₹203.00
▼(-2.45% Downside)
Action:Downgraded
Date:05/31/26
The score is primarily supported by conservative leverage and strong recent cash generation, which offset weakening profitability and a notable revenue decline. Technicals are moderately constructive in the near term but still below the 200-day trend, while valuation (P/E ~23.5) offers limited cushion given the recent operating margin compression.
Positive Factors
Conservative balance sheet
Very low leverage (debt about 1% of equity in 2026) and growing equity provide durable financial flexibility. This reduces refinancing and bankruptcy risk, supports capex or working-capital needs through cycles, and enables strategic investment without relying on external debt markets.
Negative Factors
Sharp revenue decline
A roughly 30% revenue contraction materially reduces scale and the ability to absorb fixed costs. Persistent top-line weakness undermines margin sustainability, constrains reinvestment and may signal lost customers or competitive pressure that could impair recovery over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt about 1% of equity in 2026) and growing equity provide durable financial flexibility. This reduces refinancing and bankruptcy risk, supports capex or working-capital needs through cycles, and enables strategic investment without relying on external debt markets.
Read all positive factors
DP Wires Ltd. (DPWIRES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.73B
Dividend YieldN/A
Average Volume (3M)62.41K
Price to Earnings (P/E)15.5
Beta (1Y)1.44
Revenue Growth-30.50%
EPS Growth-53.04%
CountryIN
Employees53
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)8.90
Shares Outstanding15,500,444
10 Day Avg. Volume16,875
30 Day Avg. Volume62,407
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)0.74
Price to Sales (P/S)0.41
P/FCF Ratio5.59
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)N/A
Revenue Forecast (FY)N/A
DP Wires Ltd. Business Overview & Revenue Model
Company Description
D.P. Wires Ltd. is a global manufacturer and provider of steel wire products, plastic piping, and various plastic films. These materials are supplied to a wide array of industries, including oil and gas, power generation, environmental management,...
How the Company Makes Money
DP Wires Ltd. makes money primarily by selling its manufactured wire products to business customers (e.g., distributors, contractors, and industrial users). Revenue is generated from: (1) product sales—billing customers per unit/weight/length of w...
DP Wires Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
83
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.49B | 4.81B | 6.21B | 10.07B | 12.15B | 6.13B |
| Gross Profit | 371.91M | 325.63M | 426.84M | 1.21B | 1.36B | 633.84M |
| EBITDA | 243.88M | 172.42M | 351.96M | 557.44M | 608.06M | 434.02M |
| Net Income | 137.86M | 175.77M | 222.05M | 363.16M | 410.14M | 290.53M |
Balance Sheet | ||||||
| Total Assets | 2.74B | 2.89B | 2.99B | 2.62B | 2.51B | 1.96B |
| Cash, Cash Equivalents and Short-Term Investments | 116.91M | 313.54M | 65.27M | 442.20M | 308.49M | 61.37M |
| Total Debt | 21.89M | 24.73M | 279.49M | 10.69M | 21.46M | 131.81M |
| Total Liabilities | 205.72M | 225.38M | 504.03M | 361.45M | 599.93M | 442.47M |
| Stockholders Equity | 2.53B | 2.66B | 2.48B | 2.26B | 1.91B | 1.52B |
Cash Flow | ||||||
| Free Cash Flow | 170.31M | 351.68M | 562.37M | 185.47M | 383.92M | -29.52M |
| Operating Cash Flow | 178.95M | 360.99M | 571.36M | 235.64M | 455.43M | 44.84M |
| Investing Cash Flow | 79.44M | 176.00M | -1.27B | -60.88M | -60.78M | -47.96M |
| Financing Cash Flow | -263.57M | -254.80M | 268.90M | -27.61M | -147.54M | 29.29M |
DP Wires Ltd. Technical Analysis
Negative
208.10
Price Trends
173.16
Positive
167.95
Positive
197.44
Negative
Market Momentum
1.58
Positive
47.75
Neutral
23.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DPWIRES, the sentiment is Negative. The current price of 208.1 is above the 20-day moving average (MA) of 178.28, above the 50-day MA of 173.16, and above the 200-day MA of 197.44, indicating a neutral trend. The MACD of 1.58 indicates Positive momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 23.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DPWIRES.
DP Wires Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹2.73B | 15.53 | ― | ― | -30.50% | -53.04% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | ₹7.26B | -1.17 | ― | 1.25% | -70.00% | -2034.82% | |
46 Neutral | ₹213.67M | -3.22 | ― | ― | -100.00% | 8.59% | |
43 Neutral | ₹454.90M | -1.01 | ― | ― | -26.89% | -760.69% |
* Basic Materials Sector Average
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DP Wires Ltd. Corporate Events
DP Wires approves FY26 results and reinforces governance, audit mandates
May 30, 2026
DP Wires Ltd. has approved its standalone audited financial results for the quarter and year ended 31 March 2026, with the board noting that the auditors’ report contains no modifications or qualifications. The board meeting, held on 30 May ...
Exchange Seeks Clarification From D P Wires After Sharp Price Move
Apr 13, 2026
The stock exchange has noted a significant price movement in the shares of D P Wires Limited and has sought clarification from the company to ensure that investors have access to the latest relevant information. The market is awaiting the company&...
D P Wires Details Conduct of Extraordinary General Meeting and E-Voting Process
Mar 31, 2026
D P Wires Limited informed exchanges that it held an Extraordinary General Meeting on 31 March 2026 at its Ratlam industrial premises, chaired by independent director Anil Kumar Mehta, with key members of the board, senior management, and auditors...
DP Wires corrects auditor report header, says financial results unchanged
Mar 24, 2026
DP Wires Ltd. has submitted revised unaudited financial results for the quarter and year-to-date ended 31 December 2025, along with an updated limited review report from its statutory auditor. The revision was prompted by an observation from the 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.