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D P Wires Limited (DPWIRES)

₹204.11 +1.60% last close, 16 Oct

📊 NSE: DPWIRES 🏢 Steel - Medium / Small 📢 Latest filing: 05 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, D P's revenue was ₹131 Cr (+3.7% year on year, +1.0% on the previous quarter), and net profit ₹4.7 Cr (+31.9% year on year); the operating margin was 2.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹131	+3.7%	+1.0%
Operating profit	₹3.8	+6.1%	-60.8%
Net profit	₹4.7	+31.9%	-49.5%
EPS (₹)	3.06	+31.9%	-49.5%
Operating margin	2.9%	—	—

Full quarterly financials → Results calendar →

DPWIRES delivery percentage and bulk deals

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

On Fri, 16 Oct 2026, 32.91% of the DPWIRES shares traded on NSE were taken to delivery, against the stock's own 20-session average of 37.31%. That is close to its usual level. It closed at a price band (circuit) on 3 sessions in about the last 20. 4 bulk or block deals were reported in DPWIRES in the last 60 days: ₹5 Cr bought and ₹3 Cr sold.

32.91%Delivery, 16 Oct

37.31%Own 20-session average

0.7×Volume vs its average

₹204.11NSE close · +1.60%

Delivery in the last 5 sessions: 34.5% · 51.1% · 60.4% · 52.5% · 32.9%

Date	Side	Counterparty	Value	Price	Quantity	Type
6 Oct	Buy	Amitabh Harivansh Rai Bachchan	₹2.88 Cr	₹223.58	129,000	Bulk
6 Oct	Sell	Nk Securities Research Private Limited	₹2.10 Cr	₹221.85	94,756	Bulk
6 Oct	Buy	Nk Securities Research Private Limited	₹2.10 Cr	₹221.52	94,756	Bulk
6 Oct	Sell	Amitabh Harivansh Rai Bachchan	₹1.37 Cr	₹227.57	60,021	Bulk

Delivery across the market →Circuit stocks →All bulk and block deals →

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

D P Wires Convenes 28th AGM on September 30, 2026; E-Voting from September 27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 07:23 PM

D P Wires Limited has issued the notice for its 28th Annual General Meeting (AGM) scheduled for September 30, 2026, in Ratlam, Madhya Pradesh. The ordinary business agenda includes adopting the audited financial statements for FY26 and the re-appointment of director Mr. Arvind Kataria, who retires by rotation. Additionally, shareholders will vote to ratify a cost auditor remuneration of Rs 65,000 for FY27. Remote e-voting is scheduled from September 27 to September 29, 2026.

28th Annual General Meeting scheduled for September 30, 2026 at 11:30 AM in Ratlam
Remote e-voting window opens September 27, 2026 (9:00 AM IST) and ends September 29, 2026 (5:00 PM IST)
Approval sought for Cost Auditor remuneration of Rs 65,000 plus taxes and out-of-pocket expenses for FY27
Proposal for re-appointment of retiring director Mr. Arvind Kataria (DIN: 00088771)

💡 Eligible shareholders can review the annual report and cast their votes through CDSL e-voting between September 27 and September 29, 2026.

DP Wires Schedules 28th AGM on September 30, 2026; Approves FY26 Board Report

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 05 Sep 2026, 07:18 PM

D P Wires Limited announced the outcome of its Board of Directors meeting held on September 5, 2026. The Board approved the 28th Board Report, Corporate Governance Report, and Secretarial Audit Report for FY 2025-26. The 28th Annual General Meeting (AGM) has been scheduled for September 30, 2026, at 11:30 AM at its Ratlam registered office. Additionally, the Board recommended the reappointment of director Mr. Arvind Kataria, who retires by rotation, and appointed CS Shweta Garg as the voting scrutinizer.

28th Annual General Meeting scheduled for September 30, 2026, at 11:30 AM
Approved Board's Report, Secretarial Audit Report, and Corporate Governance Report for FY 2025-26
Recommended reappointment of director Mr. Arvind Kataria (DIN: 00088771), retiring by rotation
Appointed CS Shweta Garg as Scrutinizer for remote e-voting and AGM voting process

💡 Track the upcoming FY26 Annual Report release and AGM voting disclosures for operational commentary and strategic guidance.

DP Wires Approves Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 05:00 PM

DP Wires' Board of Directors met on August 14, 2026, to approve the standalone unaudited financial results for the quarter ended June 30, 2026. The meeting was brief, concluding in 30 minutes, and included the submission of the Limited Review Report by auditors. This filing is a routine regulatory requirement to disclose quarterly performance for the company, which operates a 90,000 tonnes per annum steel wire facility. Investors should focus on margin recovery, as previous data indicated EBITDA margins had compressed to below 3%.

Board meeting held on August 14, 2026, commenced at 04:15 PM and concluded at 04:45 PM.
Approved standalone unaudited financial results for the quarter ended June 30, 2026.
Company maintains an installed manufacturing capacity of 90,000 tonnes per annum at Ratlam.
Promoter holding remains stable at 74.78% as per the latest June 2026 records.
Operates two wind farms with a combined capacity of 1.6 MW in Jamnagar, Gujarat.

💡 Review the detailed P&L statement for improvements in EBITDA margins, which were previously under pressure (below 3%), and check for revenue stabilization in the HDPE trading segment.

100% Demat Status Confirmed for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Jul 2026, 03:23 PM

D P Wires Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd., confirmed that the entire shareholding of the company is already in dematerialized form. Consequently, no requests for rematerialization were received or processed during the quarter ended June 30, 2026. This is a standard administrative filing with no impact on business operations.

100% of the company's shares are held in dematerialized form as of June 30, 2026
Zero requests for rematerialization were received during the quarter
Compliance certificate issued by Registrar Bigshare Services Pvt. Ltd.
Filing covers the three-month period ending June 30, 2026

💡 This is a routine regulatory filing. Investors should focus on upcoming quarterly financial results for insights into the company's operational performance.

DP Wires Submits Clarification to NSE Regarding FY26 Financial Results Compliance

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 07 Jul 2026, 03:55 PM

DP Wires Limited has responded to a clarification request from the National Stock Exchange (NSE) regarding its financial results for the quarter and year ended March 31, 2026. The exchange noted that the original submission on May 30, 2026, lacked a machine-readable copy and a formal declaration for an unmodified audit opinion. The company has now provided these documents, stating the previous omissions were inadvertent. This is a procedural compliance matter and does not alter the previously reported financial performance.

Clarification pertains to the financial results for the quarter and year ended March 31, 2026
Original board meeting to approve results was held on May 30, 2026, lasting 35 minutes
Company confirmed the audit report contains an unmodified opinion as per SEBI regulations
Maintains an installed capacity of 90,000 tonnes per annum at its Ratlam facility

💡 No specific action is required as this is a routine administrative correction to ensure regulatory compliance.

DP Wires to Close Trading Window from July 1, 2026, for Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jun 2026, 05:50 PM

D P Wires Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This mandatory regulatory step is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming Q1 financial results for the period ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially declared to the exchanges. The specific date for the board meeting to approve these results will be communicated separately.

Trading window closure is effective from July 1, 2026.
Closure is related to the Unaudited Financial Results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the board meeting and result declaration.
Applies to all designated persons and their immediate relatives as per SEBI guidelines.

💡 No immediate action is required as this is a routine regulatory filing. Investors should monitor for the upcoming board meeting date to evaluate the company's Q1 performance.

DP Wires Clarifies Clerical Error in Related Party Transaction Reporting for FY26

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 01 Jun 2026, 04:41 PM

DP Wires Limited has issued a clarification regarding its Related Party Transaction (RPT) disclosure for the period ending March 31, 2026. The company identified a clerical error where the transaction value approved by the Audit Committee was incorrectly reported in the initial filing. Management stated that the error was unintentional and discovered during an internal review. Corrective actions, including record rectification and enhanced review controls, have been implemented to prevent future occurrences.

Clarification issued for Related Party Transaction (RPT) disclosure for the period ended March 31, 2026.
Inadvertent clerical error found in the value of transactions approved by the Audit Committee.
Company implemented additional review controls to prevent recurrence of such reporting discrepancies.
Management reaffirms commitment to corporate governance and transparency standards.

💡 Investors should note the correction as a routine compliance matter. No material impact on financial performance is expected, though it highlights the importance of monitoring RPT disclosures.

DP Wires Approves Audited FY26 Financial Results; Re-appoints Auditors

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 30 May 2026, 01:33 PM

DP Wires Limited has approved its audited standalone financial results for the quarter and full year ended March 31, 2026. The company reported that the auditors' report is self-explanatory with no modifications or qualifications, signifying a clean audit. Key administrative decisions included the re-appointment of M/s M.P Turakhia & Associates as Cost Auditors and M/s Sachin Moonat and Associates as Internal Auditors for FY 2026-27. The board also finalized the CSR Annual Action Plan and reviewed related party transactions for the half-year ended March 2026.

Approved audited standalone financial results for the quarter and year ended March 31, 2026.
Auditors issued a clean report with no modifications or qualifications for the financial year.
Re-appointed M/s M.P Turakhia & Associates as Cost Auditors for the financial year 2026-2027.
Re-appointed M/s Sachin Moonat and Associates as Internal Auditors for the financial year 2026-2027.
Approved the CSR Annual Action Plan and reviewed the Related Party Transaction Report for H2 FY26.

💡 Investors should examine the specific profit and revenue figures in the attached financial tables to evaluate growth performance. The clean audit report is a positive indicator of the company's financial reporting integrity.

D P Wires Submits Annual Promoter Share Encumbrance Disclosure Under SEBI Regulations

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 May 2026, 02:25 PM

D P Wires Limited has filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This mandatory filing confirms that the promoters, along with persons acting in concert, have not made any new encumbrances on their shares during the financial year, other than those already disclosed. Such disclosures are standard procedure to ensure transparency regarding promoter share pledges. It provides assurance to shareholders that the promoter's equity remains stable and unencumbered.

Compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011 for the fiscal year.
Annual declaration confirming no undisclosed encumbrances or pledges by promoters.
The filing was signed and submitted to the stock exchanges on April 18, 2024.
Ensures transparency regarding the promoter group's shareholding status.

💡 This is a routine regulatory filing with no direct impact on stock valuation; investors should maintain their current positions and monitor quarterly shareholding patterns.

DP Wires Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Apr 2026, 06:12 PM

D P Wires Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended March 31, 2026, the company has complied with the requirements regarding the dematerialization of share certificates. This is a standard administrative procedure involving the Registrar and Share Transfer Agent to ensure proper record-keeping of electronic shares. Such filings are mandatory for all listed entities and do not indicate any change in business fundamentals.

Compliance certificate submitted for the quarter ended March 31, 2026.
Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 confirmed.
The Registrar and Share Transfer Agent has verified the dematerialization processes.
Filing covers both National Stock Exchange (NSE) and BSE Limited requirements.

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company for upcoming Q4 FY26 financial results for material performance updates.

DP Wires Clarifies Significant Share Price Movement to NSE

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 Apr 2026, 05:42 PM

D P Wires Limited has responded to a clarification request from the National Stock Exchange regarding recent significant fluctuations in its share price. The company stated that the price movement is purely market-driven and influenced by external factors rather than internal developments. Management confirmed that all material information has been disclosed as per SEBI regulations and no undisclosed events are pending. This response aims to reassure investors that there are no hidden corporate actions or risks driving the recent volatility.

NSE requested clarification on April 13, 2026, regarding recent share price volatility.
Company officially responded on April 15, 2026, attributing the movement to market conditions.
Management confirmed full compliance with SEBI (LODR) Regulation 30.
No undisclosed material information or events were reported by the company.

💡 Investors should treat this as a routine regulatory filing and focus on fundamental performance. Monitor for actual news or earnings reports that might justify the price action.

DP Wires Shareholders Approve Material Related Party Transactions for FY 2026-27

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 01 Apr 2026, 06:15 PM

D P Wires Limited held an Extraordinary General Meeting (EGM) on March 31, 2026, to seek shareholder approval for material Related Party Transactions (RPTs). The shareholders approved transactions with Kataria Plastics Private Limited and DP Kataria Private Limited for the financial year 2026-27. Both resolutions were passed with an overwhelming majority of 99.997% of the valid votes cast. The voting process included both remote e-voting and physical ballots, with interested parties abstaining from the vote as per regulatory norms.

Resolution to approve RPTs with Kataria Plastics Private Limited passed with 99.997% majority.
Resolution to approve RPTs with DP Kataria Private Limited passed with 99.997% majority.
Total of 76,478 votes were cast in favor of the resolutions, while only 2 votes were cast against.
Interested shareholders holding 8,59,386 shares abstained from voting to comply with governance standards.

💡 No immediate action is required as these are routine operational approvals. Investors should monitor future disclosures to ensure these transactions are conducted at arm's length and do not negatively impact minority shareholders.

DP Wires Shareholders Approve Material Related Party Transactions for FY 2026-27

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 31 Mar 2026, 11:14 PM

D P Wires Limited held an Extra Ordinary General Meeting (EGM) on March 31, 2026, to obtain shareholder approval for material Related Party Transactions (RPTs). The resolutions focused on transactions with Kataria Plastics Private Limited and DP Kataria Private Limited for the upcoming financial year 2026-27. Out of 22,139 shareholders as of the record date, 43 attended the meeting. All proposed resolutions were passed with the requisite majority through remote e-voting and electronic voting during the session.

Approval granted for material Related Party Transactions with Kataria Plastics Private Limited for FY 2026-27
Approval granted for material Related Party Transactions with DP Kataria Private Limited for FY 2026-27
Total of 22,139 shareholders were on record as of the cut-off date on March 27, 2026
All resolutions were passed with the requisite majority following the Scrutinizer's report

💡 Investors should monitor the upcoming annual reports to ensure these related party transactions are conducted at arm's length and do not negatively impact minority interest. No immediate portfolio action is required as this is a standard regulatory approval process.

D P Wires to Close Trading Window from April 1, 2026 for Year-End Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Mar 2026, 03:35 PM

D P Wires Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This move follows SEBI (Prohibition of Insider Trading) Regulations, 2015, in anticipation of the audited financial results for the quarter and year ending March 31, 2026. The window will reopen 48 hours after the results are officially declared to the exchanges. The date for the board meeting to consider these results is yet to be finalized and will be shared separately.

Trading window closure effective from April 1, 2026
Closure pertains to the audited financial results for Q4 and FY 2025-26
Restriction ends 48 hours after the financial results are made public
Board meeting date for result approval to be intimated in due course

💡 This is a routine regulatory announcement with no direct impact on stock valuation; investors should monitor for the upcoming earnings release date.

DP Wires Clarifies Typographical Error in Q3 FY26 Limited Review Report

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 24 Mar 2026, 01:07 PM

D P Wires Limited has responded to a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended December 31, 2025. The exchange flagged that the Limited Review Report header incorrectly included the term "Half Yearly," which was not in the prescribed SEBI format. The company clarified that this was a typographical error and a formatting oversight that does not impact the actual financial figures or the auditor's opinion. A revised report has been submitted to the exchanges to ensure full compliance with SEBI (LODR) Regulations.

NSE sought clarification regarding the format of the Limited Review Report for the quarter ended December 31, 2025.
The company identified the inclusion of the word "Half Yearly" in the report header as a typographical error.
Management confirmed that the review procedures and the auditor's conclusion remain unchanged despite the header correction.
A revised Unaudited Financial Results and Limited Review Report have been filed with the exchanges.
The company has committed to stricter adherence to SEBI-prescribed formats in future submissions.

💡 No action is required as this is a minor administrative correction regarding a clerical error in a regulatory filing. Investors should continue to monitor the company's core financial performance.

View All DPWIRES Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations declined by 38.1% YoY, falling from INR 1,003.07 Cr in FY24 to INR 620.93 Cr in FY25. This was primarily driven by a significant slowdown in the High Density Polyethylene (HDPE) granules trading division and reduced contribution from the manufacturing segment.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates a major manufacturing facility in Ratlam, Madhya Pradesh, and wind farms in Jamnagar, Gujarat.

Profitability Margins

Net Profit After Tax (PAT) margin stood at 3.58% in FY25 compared to 3.64% in FY24. Reported PAT decreased by 38.9% from INR 36.32 Cr in FY24 to INR 22.20 Cr in FY25, tracking the revenue decline.

EBITDA Margin

EBITDA margin was approximately 4.2% in FY25, showing a downward trend to 2.9% in the quarter ended June 2026 due to intense competition and pricing pressure in the wire manufacturing division.

Capital Expenditure

Historical net worth grew to INR 248 Cr by March 2025 from INR 151.79 Cr in March 2022. While specific future Capex values are not listed, the company maintains a low gearing of 0.11x, suggesting capacity for debt-funded expansion if required.

Credit Rating & Borrowing

The company maintains a 'Stable' to 'Negative' outlook from CRISIL. Borrowing costs are supported by a healthy financial risk profile with an interest coverage ratio of 18.11 times in FY25 and low bank limit utilization of approximately 13-17%.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Steel (for wire manufacturing) and HDPE (High Density Polyethylene) granules (for the plastic and trading divisions). Steel and plastic granules represent the bulk of the cost of materials consumed, which totaled INR 356.10 Cr in FY25.

Key Suppliers

Not disclosed in available documents; however, the company maintains long-standing relationships with a base of suppliers for over two decades.

Capacity Expansion

Current installed capacity is 90,000 tonnes per annum at the Ratlam (Madhya Pradesh) facility. The company also operates two wind farms with a capacity of 0.80 MW each (1.6 MW total) in Jamnagar, Gujarat.

Raw Material Costs

Cost of materials consumed was INR 356.10 Cr in FY25 (57.3% of revenue), while purchases of stock-in-trade (primarily HDPE granules) were INR 185.66 Cr (29.9% of revenue).

Manufacturing Efficiency

The company produces specialized products like Low Relaxation Pre-stressed Concrete (LRPC) strands, which have fewer competitors, allowing for better market positioning despite intense industry competition.

📈 Strategic Growth

Growth Strategy

The company aims to leverage its established market position in specialized LRPC strands and geomembrane sheets. Strategy includes maintaining a diversified end-user base of 150-200 customers to reduce cyclical risk and utilizing its strong financial profile (low debt) to navigate market downturns.

Products & Services

LRPC strands, steel wires, geomembrane sheets, PE coated and greased strands, plastic film sheets, and HDPE granules (trading).

Brand Portfolio

DP Wires (DPWL).

New Products/Services

The company recently ventured into the trading of HDPE granules and continues to focus on specialized plastic products like geomembrane sheets.

Market Expansion

Focusing on the infrastructure and construction sectors which are the primary demand drivers for LRPC strands.

Market Share & Ranking

Identified as one of the few players manufacturing specialized LRPC stranded wire, indicating a strong niche market position.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward specialized steel products like LRPC. However, it remains fragmented with intense competition and is currently facing a slowdown in the plastic trading segment.

Competitive Landscape

Intense competition from both organized and unorganized players in the steel wire and plastic industries.

Competitive Moat

The moat is built on the specialized nature of LRPC strands and geomembranes, which require technical expertise and have fewer manufacturers compared to standard steel wires.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and GDP growth, as major demand for the wire division comes from construction and infrastructure projects.

Consumer Behavior

Demand is driven by B2B institutional buyers in infrastructure and construction rather than individual consumer trends.

Geopolitical Risks

Weakening global prices for commodities impacted Q1FY25 performance.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to standard manufacturing and environmental regulations; the company maintains adequate internal financial controls as per the Companies Act 2013.

Environmental Compliance

The company operates wind farms for renewable energy generation, contributing to ESG goals.

Legal Contingencies

The company has disclosed the impact of pending litigations in Note 36 of its financial statements; however, specific INR values for these contingencies were not provided in the summary.

⚠️ Risk Analysis

Key Uncertainties

Volatility in raw material prices (Steel and HDPE) could impact margins by more than 1-2%. A sustained slowdown in infrastructure projects poses a significant risk to the wire division's volume.