Indian Midcap wiring stock jumped 11% after announcing a 171% increase in its net profits and expansion plans in Q3FY25.
Share Price Movement
With a market capitalization of ₹6,634 Cr, the share of Bansal Wire Industries opened at ₹407 and made an intra-day high of ₹429 after scaling by 8%. The share closed near-day highs at ₹423. The past month’s return for the stock is – 6 % and the 1-year return stands at 20 %.
Q3FY25 Results
The company reported a 52 % YoY increase in revenue from ₹606 Cr in Q2FY24 to ₹926 Cr in Q3FY25. Their Net profit too saw a significant upside with a 171 % YoY increase from ₹15 Cr to ₹41 Cr for the same period.
On a QoQ basis, the company reported a decent increase of 12 % in revenue from ₹825 Cr in the previous quarter, and their net profits also saw an increase of 4 % from ₹40 Cr for the same period.
Operational Highlights
The company is India’s second-largest steel wire manufacturer by volume and the largest stainless steel wire producer in the country. With over 3,000 SKUs—the highest among all Indian steel wire manufacturers, it serves 5,000+ customers across diverse industries. Exporting to 50 countries, the company has an 89% client retention rate.
The company is Strengthening its presence in the Western, Eastern, and Southern markets by Introducing new offerings like Hose wire for the domestic market. And To enhance overall profitability the company has decided to ramp up its steel plant which is India’s 4th largest.
As the exports have arisen during the current year compared to last year, the company has decided to focus more on regulated markets like the US & Europe
The Company is working on high-margin products for the Automotive and Infrastructure sectors has launched products like Bead wire for tire manufacturing and has several projects in the pipeline.
To enhance the margins, they have decided to deploy high-quality machines, integrate advanced technologies, and Optimize the product mix at India’s largest steel wire plant, Dadri.
About the Company
Bansal Group was established as a wire-trading house in 1938 by visionary & philanthropist Shri Shyam Sunder Gupta. Under the dynamic leadership of Shri Arun Gupta as Managing Director, the business continues to grow, the group has diversified into various product mixes as well as set up six manufacturing units in and around Delhi Capital of India.
Written By Abhishek Das
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