Synopsis:- Shares saw sharp volatility after the lock-in expiry, with nearly 20% equity or 3.13 crore shares becoming tradable. Despite short-term supply pressure, strong operating scale, 6.18 lakh MTPA capacity, 74% utilisation, ongoing expansions, and planned Rs 150 crore capex support long-term growth visibility.
The shares of the leading steel wire manufacturer plummeted up to 5.2 percent in today’s trading session after a shareholder lock-in expired today, making nearly 20% of equity tradable.
With a market capitalisation of Rs 4,580.04 crore, the shares of Bansal Wire Industries Ltd were trading at Rs 292.55 per share, decreasing around 3.08 percent as compared to the previous closing price of Rs 301.85 apiece.
Shareholder Expiries
The shares of Bansal Wire Industries have seen bullish movement after the shareholder lock-in expires today, making nearly 20% of equity tradable. Around 3.13 crore shares worth ~ Rs 945 crore could enter the market. While this raises short-term supply and volatility risks, fundamentals remain unchanged, and price movement will depend on actual selling pressure.
Financial & other highlights
The company posted strong topline growth in Q2FY26, with revenue rising 28% to Rs 1,055 crore, reflecting healthy demand and execution. However, profitability lagged as net profit declined 5% to Rs 38 crore, indicating margin pressure, likely from higher costs or an unfavourable mix despite higher sales.
Over the past year, operating performance has improved steadily. Operating profit rose from Rs 64 crore in Q2FY25 to Rs 77 crore in Q2FY26, reflecting strong scale-up in operations. OPM expanded from 8% to around 7–8% range, remaining largely stable despite higher costs, indicating resilient margins amid rising revenues.
Bansal Wire’s long operating legacy is reflected in its strong scale and efficiency. With five manufacturing facilities, over 6.18 lakh MTPA installed capacity and 74% utilisation, the company demonstrates solid execution. Healthy profitability metrics, a wide customer base of 5,000+, and leadership in stainless steel wire underline a stable, well-established business.
Bansal Wire’s next growth phase is backed by clear numbers. The company has added 360 kt capacity at Dadri and 60 kt in H1FY26. New products include 9,000 tonnes of IHT wire and 20,000 tonnes of steel tyre cord. A planned Rs 150 crore investment at Sanand will add 90,000 tonnes capacity by Dec 2027, strengthening long-term leadership.
Bansal Wire Industries Ltd is a leading steel wire manufacturer with an 85-year legacy in India. The company operates multiple manufacturing facilities with a diversified product portfolio, strong capacity scale, and a wide customer base, serving automotive, infrastructure, and industrial sectors with consistent execution and growth focus.
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