| P/E Ratio | 33.68Industry: 32.62 |
|---|---|
| Market Cap | ₹4,786.7 CrMetals & Mining |
| Promoter Holding | 75.0%No pledge |
| RSI | 40.42Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 1,308 | 1,168 | 1,055 |
| Other Income | 0.4 | 0.3 | 4.8 |
| Total Income | 1,309 | 1,168 | 1,060 |
| Profit Before Tax | 71.8 | 26.0 | 51.0 |
| Net Profit | 52.9 | 20.5 | 38.3 |
| Operating Margin | 5.5% | 2.2% | 4.8% |
| Net Profit QoQ | +158.0% | ||
| Net Profit YoY | +38.1% | ||
| Adj. Profit QoQ | +177.8% | ||
| Adj. Profit YoY | +54.5% | ||
Key highlights
- Consolidated revenue from operations reached ₹1,308 crore, marking a 24% increase compared to the same quarter last year
- Net profit witnessed a 38.1% year-on-year growth, rising to ₹52.9 crore from ₹38.3 crore in Q2-26
- Operating margins expanded significantly to 5.5% in the current quarter, up from 2.2% in the preceding June quarter
- The company concluded its equity share sub-division from a face value of ₹5 to ₹1 per share in October 2026
- Consolidated total income stood at ₹1,309 crore, with other income contributing a marginal ₹0.4 crore
Operational Performance and Revenue Growth
Bansal Wire Industries Limited demonstrated robust growth in the second quarter of FY27, with consolidated revenue from operations hitting ₹1,308 crore. This represents a 24% increase over the ₹1,055 crore reported in the corresponding quarter of the previous year. Sequentially, the company saw a 12% improvement in top-line performance from the June 2026 quarter.
This growth was mirrored in the profit before tax, which climbed to ₹71.8 crore, significantly higher than the ₹26.0 crore recorded in the preceding quarter, indicating a stabilization in input costs and better realization per tonne in the steel wire segment.
Margin Recovery and Cost Efficiency
The company’s operating margin saw a notable recovery, reaching 5.5% in Q2 FY27 compared to a low of 2.2% in Q1 FY27. This expansion was driven by controlled raw material expenses, which stood at ₹1,027.78 crore on a consolidated basis for the quarter. While finance costs rose slightly to ₹17.73 crore from ₹15.47 crore in the previous quarter, the overall operational leverage helped the company achieve a net profit of ₹52.9 crore.
The effective tax rate for the quarter remained stable, with a total tax expense of ₹18.91 crore against a pre-tax profit of ₹71.82 crore.
Strategic Developments and Share Split
- The Board of Directors approved a share split of equity shares from ₹5 face value to ₹1 face value, which became effective in October 2026
- The company operates two wholly-owned subsidiaries: Bansal Steel & Power Limited and BWI Steel Private Limited
- A rolling committed customer order book of 30–40 days is maintained under a cost-plus pricing mechanism to mitigate raw material price volatility
- Standalone revenue for the quarter contributed ₹1,276.25 crore to the total consolidated top-line of ₹1,308 crore
- The Rs 600 crore Sanand greenfield facility in Gujarat remains on track for its scheduled commissioning
| Date | Announcement | Amount |
|---|---|---|
| 22 Jul 2026 | Q1 FY27 consolidated net profitSource: stockmarkethelp.in | ₹20.46 Cr |
| 29 Apr 2026 | Q4 FY26 consolidated net profitSource: scanx.trade | ₹40.07 Cr |
| 19 Jan 2026 | Q3 FY26 consolidated net profitSource: bansalwire.com | ₹43.27 Cr |
| 04 Nov 2025 | Q2 FY26 consolidated net profitSource: hdfcsky.com | ₹38.32 Cr |
| 21 Jul 2025 | Q1 FY26 consolidated net profitSource: bansalwire.com | ₹39.28 Cr |
| 20 May 2025 | Q4 FY25 consolidated net profitSource: bansalwire.com | ₹33.12 Cr |
What to watch next
- Commissioning of the Rs 600 crore Sanand (Gujarat) greenfield facility, scheduled by September 2027
- Impact of the share split on stock liquidity following the October 2026 record date
- Consolidation of subsidiary revenues as the company scales its specialty steel wire portfolio
| Share price | ₹61.15 |
|---|---|
| Market capitalisation | ₹4,786.70 Cr |
| Revenue (annual) | ₹4,159.79 Cr |
| Net profit (annual) | ₹160.94 Cr |
| Revenue (latest quarter) | ₹1,167.89 Cr+2.78% vs previous quarter |
| Net profit (latest quarter) | ₹20.46 Cr-48.94% vs previous quarter |
| P/E (TTM) | 33.68×Sector 17.36× |
| Promoter holding | 75%0.00% QoQ |
| FII holding | 2.55%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Bansal Wire Industries Limited announcing the unaudited financial results for the quarter and half year ended September 30, 2026. Market figures from a third-party data provider.
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