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Bansal Wire Industries Limited (BANSALWIRE)

₹61.65 -2.33% last close, 16 Oct

📊 NSE: BANSALWIRE 🏢 Steel - Medium / Small 📢 Latest filing: 01 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Bansal Wire's revenue was ₹1,168 Cr (+24.4% year on year, +2.8% on the previous quarter), and net profit ₹20.5 Cr (-47.9% year on year); the operating margin was 4.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1,168	+24.4%	+2.8%
Operating profit	₹56.4	-21.5%	-26.3%
Net profit	₹20.5	-47.9%	-48.9%
Operating margin	4.8%	—	—

Full quarterly financials → Results calendar →

BANSALWIRE delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 51.66% of the BANSALWIRE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.27%. That is close to its usual level. It traded 4.0 times its average daily volume.

51.66%Delivery, 16 Oct

53.27%Own 20-session average

4.0×Volume vs its average

₹61.65NSE close · -80.47%

Delivery in the last 5 sessions: 50.2% · 48.2% · 66.2% · 42.1% · 51.7%

Delivery across the market →Unusual volume today →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Q2 FY27 Sales Volume Up 12.4% YoY to Record 1,28,867 MT

🟢 POSITIVE ⭐ 6/10

OTHER 📅 01 Oct 2026, 01:21 PM

Bansal Wire Industries reported its highest-ever quarterly sales volume of 1,28,867 MT in Q2 FY27, representing a 12.44% YoY increase from 1,14,609 MT in Q2 FY26. For H1 FY27, total sales volumes reached 2,40,812 MT, rising 10.10% YoY compared to 2,18,709 MT in H1 FY26. Sequentially, Q2 FY27 volume expanded by 15.1% over Q1 FY27 (1,11,945 MT). This volume trajectory reflects steady ramp-up towards utilizing its total installed capacity of 6,18,000 MTPA.

Highest-ever quarterly sales volume of 1,28,867 MT in Q2 FY27, up 12.44% YoY
H1 FY27 cumulative sales volume reached 2,40,812 MT, up 10.10% YoY
Sequential volume growth of 15.12% compared to 1,11,945 MT in Q1 FY27
Full-year FY26 base sales volume stood at 4,58,054 MT

💡 Track the upcoming Q2 FY27 financial results to assess if double-digit volume growth translated into revenue and margin expansion, especially given recent margin compression to 4.8% operating margin in Q1 FY27.

Bansal Wire Sets Oct 16, 2026 Record Date for 1:5 Stock Split

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 05:28 PM

Bansal Wire Industries has scheduled Friday, October 16, 2026, as the record date for its upcoming share sub-division. Each equity share of face value Rs 5 will be split into 5 equity shares of face value Re 1, following shareholder approval received at the AGM on September 17, 2026. This administrative corporate action increases the company's total outstanding shares five-fold without altering its market capitalization (Rs 21,974 Cr) or fundamental net worth (Rs 1,313 Cr).

Board fixed Friday, October 16, 2026, as the Record Date for the share split
Share sub-division ratio is 1 equity share of Rs 5 face value split into 5 equity shares of Re 1 face value
Shareholder approval was previously granted at the AGM on September 17, 2026
All sub-divided shares will rank pari-passu in all respects

💡 Track the ex-split date (typically the trading day on or immediately before October 16, 2026) when the share price and historical per-share metrics will adjust proportionally to one-fifth.

Bansal Wire 41st AGM Transcript: FY26 Capacity at 6.8 Lakh Tonnes, Targets 20% Growth

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Sep 2026, 04:12 PM

Bansal Wire Industries has submitted the transcript of its 41st Annual General Meeting held on September 17, 2026. Management reviewed FY26 performance, noting consolidated revenue grew 19% to Rs 4,160 crore and EBITDA grew 17% to Rs 324 crore, with sales volume hitting a record 4,58,000 tonnes. The company added 1,20,000 tonnes capacity at Dadri to bring total capacity to ~6,80,000 tonnes per annum, operating at ~70% utilization. Moving forward, the company plans an annual capex of Rs 200 to 250 crore funded internally to support a targeted 20-25% annual volume growth without adding debt.

Dadri expansion added 1,20,000 tonnes capacity, bringing total installed capacity to approximately 6,80,000 tonnes per annum
Current capacity utilization stood at about 70%, with management targeting historical levels of 85-90%
FY26 consolidated revenue rose 19% to Rs 4,160 crore and EBITDA rose 17% to Rs 324 crore
Achieved highest-ever annual volume of approximately 4,58,000 tonnes in FY26
Management plans Rs 200-250 crore annual organic capex to sustain a 20% growth rate without adding debt

💡 Monitor capacity ramp-up and utilization rates at the Dadri facility in upcoming quarterly filings, alongside commercialization timelines for the specialty steel cord segment.

Bansal Wire Shareholders Approve Stock Split and All AGM Resolutions with Requisite Majority

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 21 Sep 2026, 01:04 PM

Bansal Wire Industries announced the voting results and scrutinizer's report for its 41st Annual General Meeting held on September 17, 2026. All six resolutions were approved by shareholders with the requisite majority, including the adoption of FY26 financial statements, the re-appointment of Director Arun Gupta, and the ratification of cost auditor remuneration. Significantly, shareholders also approved a sub-division/split of equity shares and the corresponding alteration of the capital clause in the Memorandum of Association. Total valid votes polled across resolutions were approximately 11.49 crore shares, representing around 73.39% of total outstanding shares.

Shareholders approved all 6 resolutions at the 41st AGM held on September 17, 2026
Approval granted for the sub-division/split of equity shares and alteration of capital clause (Resolution 5 & 6) with ~100.00% favour votes
Resolution 2 (re-appointment of Director Arun Gupta) passed with 90.49% votes in favour and 9.51% (1,09,20,849 votes) against, primarily from institutional voters (47.67% against)
Overall voter participation stood at 73.39% of total outstanding shares (11,48,91,615 votes polled out of 15,65,55,952 total shares)

💡 Track subsequent corporate filings for the announcement of the record date and the specific split ratio for the equity share sub-division.

Bansal Wire to Attend Anand Rathi Investor Conference on September 22, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Sep 2026, 05:50 PM

Bansal Wire Industries has informed exchanges that its representatives will participate in the Anand Rathi Annual Flagship Conference G-200 Summit 2026 on Tuesday, September 22, 2026, starting at 10:00 AM IST. The event involves group and one-on-one in-person meetings in Mumbai. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the interactions. This is a routine institutional interaction schedule with no immediate financial impact on the company.

Conference scheduled for Tuesday, September 22, 2026, starting at 10:00 AM
Event: Anand Rathi Annual Flagship Conference G-200 Summit 2026 in Mumbai
Format includes both group and one-on-one in-person meetings
Company confirmed no Unpublished Price Sensitive Information (UPSI) will be discussed

💡 Track whether any fresh investor presentation or transcript is uploaded to the exchanges following the September 22 conference.

Bansal Wire Concludes 41st AGM; Resolutions Include Share Split and MOA Alteration

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Sep 2026, 05:35 PM

Bansal Wire Industries Limited conducted its 41st Annual General Meeting on September 17, 2026, with 72 members attending via video conferencing. Key resolutions tabled for voting included the adoption of FY26 financial statements, the appointment of an Independent Director, a proposed sub-division/split of equity shares, and alterations to the Capital Clause of the Memorandum of Association. Remote e-voting concluded on September 16, 2026, alongside an in-meeting e-voting window.

41st Annual General Meeting held on September 17, 2026, commencing at 12:00 Noon and concluding at 01:01 PM IST
A total of 72 members attended the AGM via Video Conferencing
Ordinary resolution proposed for sub-division/split of Equity Shares of the company
Special resolution presented for appointing Shri Ramesh Kumar Choubey as Independent Director for 5 years
Remote e-voting was active from September 13 to September 16, 2026

💡 Track the formal disclosure of the scrutinizer report for final voting results, followed by the announcement of the record date for the proposed stock split.

Bansal Wire Convenes 41st AGM on Sept 17, 2026; Highlights 32.9% FY26 Volume Growth in Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 04:19 PM

Bansal Wire Industries has issued the notice for its 41st Annual General Meeting scheduled for September 17, 2026, via Video Conferencing/OAVM. Alongside the notice, the company released its FY 2025-26 Annual Report, reporting a 32.9% YoY increase in sales volume to 4,58,055 MT. Total installed capacity reached 6,80,000 MTPA across 5 manufacturing units with an average capacity utilization of 67-68%. The report also highlighted initial trial supplies of high-value steel tyre cord to a leading tyre manufacturer.

41st Annual General Meeting scheduled for September 17, 2026 at 12:00 Noon IST via VC/OAVM
Recorded highest-ever sales volume of 4,58,055 MT in FY26, up 32.9% YoY
Total installed capacity stood at 6,80,000 MTPA with 67-68% capacity utilization
Supplied trial orders for specialized Steel Tyre Cord to a leading tyre manufacturer
Customer base exceeds 5,000 clients across 39 countries with a portfolio of 3,000+ SKUs

💡 Track voting outcomes and management commentary at the upcoming AGM on September 17, 2026, particularly regarding capacity ramp-up at Dadri and commercialization progress of steel tyre cords.

1:5 Stock Split Approved and New Independent Director Appointed

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 12 Aug 2026, 01:58 PM

Bansal Wire Industries has approved a 1:5 stock split, subdividing each Rs 5 face value share into five shares of Rs 1 each to enhance market liquidity. The board also appointed Shri Ramesh Kumar Choubey, a former Chief Commissioner of Income Tax, as an Independent Director for a 5-year term effective August 12, 2026. This follows the resignation of Smt. Sunita Bindal due to personal commitments. The stock split is expected to be completed within two months following shareholder approval at the AGM scheduled for September 17, 2026.

Approved 1:5 stock split, reducing face value from Rs 5 to Rs 1 per share
Post-split authorized equity share count will increase to 89,00,00,000 shares
Appointment of Ramesh Kumar Choubey as Independent Director for a 5-year term until August 2031
41st Annual General Meeting (AGM) fixed for September 17, 2026
Stock split execution targeted within 2 months of shareholder approval

💡 Investors should track the shareholder approval at the AGM on September 17, 2026, and the subsequent announcement of the record date for the stock split.

1:5 Stock Split and New Independent Director Appointment Announced by Bansal Wire

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 12 Aug 2026, 01:55 PM

Bansal Wire Industries has approved a 1:5 stock split, subdividing each Rs 5 face value share into five shares of Rs 1 each to enhance liquidity. The board also appointed Shri Ramesh Kumar Choubey, a former Chief Commissioner of Income Tax, as an Independent Director for a five-year term effective August 12, 2026. This follows the resignation of Smt. Sunita Bindal from the board. The company's 41st Annual General Meeting (AGM) is scheduled for September 17, 2026, to seek shareholder approval for these changes.

Stock split ratio of 1:5, reducing face value from Rs 5 to Rs 1 per share
Appointment of Ramesh Kumar Choubey as Independent Director for a 5-year term until August 11, 2031
41st Annual General Meeting (AGM) fixed for September 17, 2026
Authorized share capital restructured to 89,00,00,000 equity shares of Rs 1 each
Stock split execution tentatively planned within two months of shareholder approval

💡 Investors should watch for the announcement of the Record Date for the stock split following the AGM on September 17, 2026, and monitor any strategic commentary during the meeting regarding the Dadri plant ramp-up.

1:5 Stock Split Approved; New Independent Director Appointed

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 12 Aug 2026, 01:41 PM

Bansal Wire Industries has approved a 1:5 stock split, subdividing each equity share with a face value of Rs 5 into five shares with a face value of Rs 1. This move is intended to improve liquidity and make the shares more affordable for retail investors. Additionally, the board appointed Ramesh Kumar Choubey, a former Chief Commissioner of Income Tax, as an Independent Director for a five-year term. These decisions are subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 17, 2026.

Stock split ratio of 1:5 approved, reducing face value from Rs 5 to Rs 1 per share
Authorized share capital updated to 89,00,00,000 equity shares of Rs 1 each
Appointment of Ramesh Kumar Choubey as Independent Director for a 5-year term until August 2031
Resignation of Sunita Bindal as Independent Director effective August 12, 2026
41st Annual General Meeting (AGM) fixed for September 17, 2026

💡 Investors should watch for the shareholder voting results following the AGM on September 17, 2026, and the subsequent announcement of the record date for the stock split.

1:5 Stock Split Approved and Appointment of New Independent Director

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 12 Aug 2026, 01:38 PM

Bansal Wire Industries has approved a stock split (sub-division) of its equity shares from a face value of ₹5 to ₹1, effectively a 1:5 ratio. This move is intended to improve liquidity and make shares more affordable for retail investors. Additionally, the board appointed Shri Ramesh Kumar Choubey, a former Chief Commissioner of Income Tax, as an Independent Director for a 5-year term following the resignation of Smt. Sunita Bindal. These changes are subject to shareholder approval at the upcoming Annual General Meeting (AGM) on September 17, 2026.

Approved stock split of 1 equity share of ₹5 face value into 5 equity shares of ₹1 face value
Appointment of Shri Ramesh Kumar Choubey as Independent Director for a 5-year term until August 11, 2031
Resignation of Smt. Sunita Bindal from the board effective August 12, 2026
Authorized Share Capital to be reconfigured to 89,00,00,000 equity shares of ₹1 each
Annual General Meeting (AGM) scheduled for September 17, 2026, to seek shareholder approval

💡 Investors should watch for the announcement of the 'Record Date' for the stock split, which will occur after the AGM on September 17, 2026.

1:5 Stock Split: Bansal Wire to Subdivide Shares from Rs 5 to Rs 1 Face Value

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 12 Aug 2026, 01:35 PM

Bansal Wire Industries has approved a 1:5 stock split, reducing the face value of its equity shares from Rs 5 to Rs 1. The total number of issued shares will increase from 15,65,55,952 to 78,27,79,760, aimed at improving market liquidity and retail participation. The board also appointed Ramesh Kumar Choubey, a former tax official, as an Independent Director for a 5-year term following the resignation of Sunita Bindal. These changes are subject to shareholder approval at the Annual General Meeting scheduled for September 17, 2026.

1:5 stock split ratio approved, subdividing 1 share of Rs 5 into 5 shares of Rs 1
Total post-split equity shares will increase to 78,27,79,760 from 15,65,55,952
Authorized share capital remains at Rs 90 crore, reclassified into 89 crore equity shares
Annual General Meeting (AGM) scheduled for September 17, 2026, to seek shareholder approval
Appointment of Ramesh Kumar Choubey as Independent Director for a 5-year term until August 2031

💡 Watch for the announcement of the Record Date following shareholder approval at the AGM on September 17, 2026.

Bansal Wire to consider stock split of ₹5 face value shares on August 12, 2026

🟢 POSITIVE ⭐ 4/10

BOARD_MEETING 📅 08 Aug 2026, 04:25 PM

Bansal Wire Industries has scheduled a board meeting for August 12, 2026, to consider a proposal for a sub-division (stock split) of its equity shares. The shares currently have a face value of ₹5 each. The trading window for designated persons will remain closed until August 14, 2026. Any approved split will be subject to shareholder and regulatory approvals.

Board meeting scheduled for August 12, 2026, to discuss share sub-division
Current equity shares have a face value of ₹5 each
Trading window for insiders closed until August 14, 2026
Proposal is subject to shareholder and requisite regulatory approvals

💡 Monitor the board meeting outcome on August 12 to identify the specific split ratio and the subsequent timeline for shareholder approval and record date.

Bansal Wire Q1 FY27: 25% Revenue Growth to ₹1,168 Cr; Targets 20% Annual Growth

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jul 2026, 05:50 PM

Bansal Wire reported a 25% YoY revenue growth to ₹1,168 cr for Q1 FY27, despite facing industrial gas supply disruptions that increased costs by ₹5,000 per tonne in the first half of the quarter. The company maintained its 20% volume growth guidance for the full year, supported by an operating capacity of 680,000 tonnes. A significant milestone was achieved in the specialty segment with the first trial order for steel cords from a major Indian tire manufacturer. Additionally, the new B2C segment for farming and fencing already contributes 10% to total sales.

Revenue grew 25% YoY to ₹1,168 cr, while sales volumes rose to 112,000 MT from 104,000 MT.
Generated healthy operating cash flow of ₹121 cr during the quarter through tighter working capital management.
B2C segment (Farming, Fencing, Poultry) now accounts for 10% of total sales volume.
Management plans an annual CAPEX of ₹200-250 cr to sustain a 20-25% growth rate.
Operating capacity stands at 680,000 tonnes, providing a 20-25% buffer for current year growth targets.

💡 Monitor the commercialization timeline of the steel cord segment expected by mid-2026 and the stabilization of margins as the company passes through earlier cost increases.

₹16.88 Lakh Interest Demand Reduced to NIL for Subsidiary BSPL

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 25 Jul 2026, 07:53 PM

Bansal Wire Industries Limited's wholly-owned subsidiary, Bansal Steel & Power Limited (BSPL), has received a favorable order from the GST Appellate Authority in Rohtak. The order reduces a rectified interest demand of ₹16,88,804 to NIL, effectively closing a tax dispute pertaining to FY 2017-18. This follows a previous rectification where the original tax liability of ₹57.77 lakh was also reduced to NIL. Given the company's TTM revenue of ₹4,159 Cr, the financial impact of this resolution is negligible but positive for administrative clarity.

Interest demand of ₹16,88,804 reduced to NIL by the Joint Commissioner of State Tax (Appeals).
The case pertains to GST interest on ITC claimed for the financial year 2017-18.
Original notice from February 2025 included a penalty of ₹50,99,895 and tax liability of ₹57,77,896.
Bansal Steel & Power Limited is a 100% wholly-owned subsidiary of the company.
The Appellate Authority has officially closed the case as of July 25, 2026.

💡 No action required as the amount is immaterial; investors should focus on the upcoming commercialization of specialty products like steel cord expected by mid-2026.

View All BANSALWIRE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 42.2% YoY to INR 3,507.17 Cr in FY25. H1 FY26 revenue reached INR 1,994.4 Cr, a 21% increase YoY. Stainless steel wire sales specifically increased by more than 20% in Q2 FY26 compared to Q1 FY26.

Geographic Revenue Split

The company is primarily domestic-focused with exports contributing 9% of total revenue in Q2 FY26. The remaining 91% is generated within India.

Profitability Margins

Net Profit Margin was 4.16% for FY25. Return on Equity (ROE) stood at 16.92% for FY25, though it adjusted to 11.9% in H1 FY26 following the IPO equity infusion.

EBITDA Margin

EBITDA margin was 7.07% in FY25, with absolute EBITDA growing 86.4% YoY to INR 278.21 Cr. H1 FY26 EBITDA stood at INR 156 Cr, representing a 19.7% YoY increase.

Capital Expenditure

The company raised INR 745 Cr through an IPO in July 2024 to fund growth and debt reduction. Management aims for INR 600 Cr+ positive cash flow from operations over FY26 and FY27 combined to fund future requirements.

Credit Rating & Borrowing

CRISIL upgraded the long-term rating to 'CRISIL A+/Stable' from 'CRISIL A/Stable' and reaffirmed 'CRISIL A1' for short-term. Interest coverage ratio is healthy at 6.56x as of FY25.

⚙️ Operational Drivers

Raw Materials

Key raw materials include stainless steel, high carbon steel, and low carbon steel. Specific percentage of total cost for each is not disclosed, but they are the primary input for all wire products.

Capacity Expansion

Current installed capacity is 6,18,000 MTPA across 5 manufacturing facilities. The Dadri plant, which started commercial operations in February 2024, is a key driver for future volume growth.

Raw Material Costs

Raw material costs are a significant portion of the cost structure; the company employs a pass-through mechanism to mitigate price volatility, though sudden spikes can impact short-term margins.

Manufacturing Efficiency

Capacity utilization stood at 74% in H1 FY26. The company is targeting higher utilization at the new Dadri plant to gain operating leverage.

Logistics & Distribution

Freight costs are identified as a monitorable risk factor that can impact operating margins if not managed effectively.

📈 Strategic Growth

Expected Growth Rate

20-25%

Growth Strategy

Growth will be driven by ramping up the Dadri plant, commercializing specialty products like steel cord for the tire industry by mid-2026, and shifting the product mix toward high-margin specialty wires to achieve a 25% ROCE target by FY27.

Products & Services

Specific products include stainless steel wires, bead wires, high carbon wires, low carbon wires, and upcoming steel cord for tire reinforcement.

Brand Portfolio

Bansal Wire.

New Products/Services

Steel cord is in the sampling phase with two major tire companies, with commercialization expected by mid-2026.

Market Expansion

The company is doubling down on its core business and specialty wires, moving away from lower ROC investments to create a self-sustaining growth model.

Market Share & Ranking

Bansal Wire is the largest stainless steel wire manufacturer and the second largest steel wire manufacturer by volume in India.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward value-added specialty wires. Bansal Wire has achieved a revenue CAGR of 19.8% over FY14-24, outpacing general industrial growth.

Competitive Landscape

The company competes in a fragmented market but maintains a top-2 position by volume in India.

Competitive Moat

The moat is built on massive scale (6.18 Lakh MTPA), a diversified base of 5,000+ customers, and market leadership in the stainless steel wire segment.

Macro Economic Sensitivity

Demand is linked to industrial growth and infrastructure spending; however, specific GDP sensitivity percentages are not disclosed.

Consumer Behavior

There is an increasing demand for high-quality specialty wires in the automotive and tire sectors, which the company is targeting with its new steel cord line.

Geopolitical Risks

CBAM (Carbon Border Adjustment Mechanism) compliance is critical for maintaining export competitiveness in European markets.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to standard manufacturing and pollution norms; the company maintains a robust internal financial control system to ensure compliance.

Environmental Compliance

The company holds a CBAM certificate, indicating compliance with international carbon reporting standards for steel products.

Taxation Policy Impact

Total tax expense for FY25 was INR 63.88 Cr on a consolidated basis.

Legal Contingencies

The secretarial audit noted minor procedural lapses, such as late filing of certain forms with the ROC, which management clarified as procedural only.