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DP Wires Ltd.
(DPWIRES)
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Rating:69Neutral
Price Target:
₹243.00
▲(16.77% Upside)
Action:Downgraded
Date:10/07/26
The score is driven primarily by solid financial foundation (low leverage and strong recent cash generation) offset by weakening operating performance (revenue drop from 2024 levels and margin compression). Technically, the uptrend is intact but momentum is overextended, and valuation at ~18x earnings looks fair without dividend support.
Positive Factors
Very Low Leverage
The conservatively financed balance sheet limits interest and refinancing pressure while preserving financial flexibility. Low leverage gives DP Wires more capacity to withstand operating volatility, fund maintenance or expansion, and retain strategic options without relying heavily on external capital.
Negative Factors
Revenue Contraction
The substantial revenue decline signals weaker demand, reduced volumes, or lower realized pricing across the company’s wire markets. A smaller revenue base can reduce plant utilization and operating leverage, making it harder to sustain earnings and rebuild growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The conservatively financed balance sheet limits interest and refinancing pressure while preserving financial flexibility. Low leverage gives DP Wires more capacity to withstand operating volatility, fund maintenance or expansion, and retain strategic options without relying heavily on external capital.
Read all positive factors
DP Wires Ltd. (DPWIRES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.53B
Dividend Yield0.16%
Average Volume (3M)110.61K
Price to Earnings (P/E)17.9
Beta (1Y)1.49
Revenue Growth-13.87%
EPS Growth0.59%
CountryIN
Employees48
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)11.34
Shares Outstanding15,500,444
10 Day Avg. Volume319,455
30 Day Avg. Volume110,605
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. primarily makes money by manufacturing and selling steel wire and wire-based products to business customers (e.g., distributors, fabricators, contractors, and industrial users). Revenue is generated mainly from (1) sale of finished w...
DP Wires Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
83
Very Positive
Cash Flow
76
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.81B | 6.21B | 10.07B | 12.15B | 6.13B |
| Gross Profit | 325.63M | 426.84M | 1.21B | 1.36B | 633.84M |
| EBITDA | 277.35M | 351.96M | 557.44M | 608.06M | 434.02M |
| Net Income | 175.77M | 222.05M | 363.16M | 410.14M | 290.53M |
Balance Sheet | |||||
| Total Assets | 2.89B | 2.99B | 2.62B | 2.51B | 1.96B |
| Cash, Cash Equivalents and Short-Term Investments | 313.54M | 65.27M | 442.20M | 308.49M | 61.37M |
| Total Debt | 24.73M | 279.49M | 10.69M | 21.46M | 131.81M |
| Total Liabilities | 225.38M | 504.03M | 361.45M | 599.93M | 442.47M |
| Stockholders Equity | 2.66B | 2.48B | 2.26B | 1.91B | 1.52B |
Cash Flow | |||||
| Free Cash Flow | 351.68M | 562.37M | 185.47M | 383.92M | -29.52M |
| Operating Cash Flow | 360.99M | 571.36M | 235.64M | 455.43M | 44.84M |
| Investing Cash Flow | 176.00M | -1.27B | -60.88M | -60.78M | -47.96M |
| Financing Cash Flow | -254.80M | 268.90M | -27.61M | -147.54M | 29.29M |
DP Wires Ltd. Technical Analysis
Positive
208.10
Price Trends
163.26
Positive
171.82
Positive
171.77
Positive
Market Momentum
13.79
Negative
73.70
Negative
77.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DPWIRES, the sentiment is Positive. The current price of 208.1 is above the 20-day moving average (MA) of 167.24, above the 50-day MA of 163.26, and above the 200-day MA of 171.77, indicating a bullish trend. The MACD of 13.79 indicates Negative momentum. The RSI at 73.70 is Negative, neither overbought nor oversold. The STOCH value of 77.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DPWIRES.
DP Wires Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₹11.84B | 15.48 | ― | 1.56% | 11.70% | 13.23% | |
69 Neutral | ₹3.53B | 17.85 | ― | 0.16% | -13.87% | 0.59% | |
66 Neutral | ₹3.83B | 5.92 | ― | 4.14% | 4.27% | 16.51% | |
63 Neutral | ₹13.77B | 31.58 | ― | 0.04% | 7.06% | 24.39% | |
59 Neutral | ₹11.81B | 16.46 | ― | ― | -7.69% | -1.46% | |
57 Neutral | ₹61.10B | 26.01 | ― | 0.02% | 17.18% | 38.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:DPWIRES
DP Wires Ltd.
215.64
-20.06
-8.51%
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
165.90
-5.00
-2.93%
IN:GANDHITUBE
Gandhi Special Tubes Limited
957.00
39.59
4.32%
IN:MANAKCOAT
Manaksia Coated Metals & Industries Ltd
126.40
-19.34
-13.27%
IN:MANAKSIA
Manaksia Limited
56.89
-9.08
-13.76%
IN:SKIPPER
Skipper Ltd
516.65
0.99
0.19%
DP Wires Ltd. Corporate Events
DP Wires Details Governance and Voting Processes at 28th AGM
Sep 30, 2026
DP Wires Ltd. held its 28th Annual General Meeting on September 30, 2026, at its registered office in Ratlam, Madhya Pradesh, with all directors, statutory auditors, the secretarial auditor and the scrutinizer in attendance and the requisite quoru...
DP Wires Publishes Newspaper Notice for 28th AGM, Files Intimation with Exchanges
Sep 8, 2026
DP Wires Ltd. has notified the stock exchanges that it has published a newspaper advertisement giving notice of its 28th Annual General Meeting in English and Hindi dailies. The disclosure is made under SEBI’s Listing Obligations and Disclos...
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.