Bansal Wire Industries
300.05
+1.50(+0.50%)
Market Cap₹4,697.46 Cr
PE Ratio30.69
Company Performance:
1D+0.50%
1M-6.10%
6M-26.03%
1Y-23.71%
5Y-14.36%
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More news about Bansal Wire Industries
02Jan 26
Bansal Wire Industries Reports 31.70% YoY Growth in Q3FY26 Sales Volume to 121,702 MT
Bansal Wire Industries reported impressive Q3FY26 operational results with sales volume reaching 121,702 metric tonnes, marking a substantial 31.70% year-over-year growth. This performance highlights the steel sector company's strong market positioning, effective operational execution, and ability to meet growing customer demand in the wire manufacturing industry.
01Jan 26
Bansal Wire Industries Records Highest-Ever Q3FY26 Sales Volume, Launches IHT Wire
Bansal Wire Industries reported its highest-ever quarterly sales volume of 121,702 MT in Q3FY26, representing 31.70% year-on-year growth and 6.18% quarter-on-quarter increase. The nine-month FY26 performance showed 340,411 MT sales volume with 37.88% growth. The company expanded its specialty product portfolio by launching Induction Hardened and Tempered Wire with 9,000 tonnes capacity for automotive applications.
22Dec 25
Bansal Wire Gets GST Show Cause Notice for ₹6.70 Cr
Bansal Wire Industries Limited has received a Show Cause Notice from GST authorities demanding ₹6.70 crores in tax, penalty, and interest. The notice, issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh, alleges availment of blocked and excess Input Tax Credit and non-payment of tax on RODTEP license sales. The company strongly contests the notice, stating it has no merit. Similar notices for previous years were resolved with negligible amounts. The company expects no material impact on financials or operations.
11Dec 25
Bansal Wire Industries Receives GST Show Cause Notice Worth ₹9.88 Crores for FY 2022-23
Bansal Wire Industries Limited received a GST show cause notice worth ₹9.88 crores for FY 2022-23, covering tax demand of ₹3.84 crores, interest of ₹2.21 crores, and penalty of ₹3.84 crores. The company has called the notice untenable and expects no material financial impact, similar to previous GST notices for FY 2018-22 that were resolved with negligible amounts.
17Nov 25
Bansal Wire Industries' GST Tax Liability Significantly Reduced by SGST Authority
Bansal Wire Industries has received a significant reduction in its Goods and Services Tax (GST) liability from the State Goods and Services Tax (SGST) Authority. The company's GST liability has been revised from ₹202.77 crore to ₹1.00 crore, marking a 99.51% decrease. Despite this substantial reduction, Bansal Wire Industries plans to contest the revised assessment and appeal for further review of the remaining tax liability.
08Nov 25
Bansal Wire Industries' GST Liability Slashed by 95% to Rs 6.35 Crore
Bansal Wire Industries Limited, a steel wire manufacturer, has seen its GST liability for FY 2018-19 reduced from Rs 126.93 crore to Rs 6.35 crore, a 95% reduction. The revised assessment includes Rs 19.37 lakh in tax, Rs 24.78 lakh in interest, and Rs 19.37 lakh in penalties. Despite this reduction, the company plans to appeal further. The case involved issues related to e-way bills, Input Tax Credit, and RODTEP license sales. Bansal Wire Industries states this development has no material impact on its operations or finances.
08Nov 25
Bansal Wire Industries Reports Strong Q2 FY26 Performance with 27% Revenue Growth
Bansal Wire Industries Limited announced impressive Q2 FY26 results with revenue up 27% to ₹1,055.00 crores and EBITDA rising 20% to ₹81.58 crores. The company achieved record quarterly volume of 1.14 lakh tons. H1 FY26 performance showed 21% revenue growth to ₹1,994.00 crores. Strategic developments include new product approvals, B2C segment penetration, and 74% capacity utilization. Future targets include 30-40% volume growth, over 20% EBITDA growth, and 25% ROC by 2027.
07Nov 25
Bansal Wire Industries Receives ₹691.9 Crore GST Show Cause Notice
Bansal Wire Industries Limited has received a Show Cause Notice from SGST authorities claiming ₹2,027.70 crore for tax issues in FY 2020-21. The notice addresses e-waybill issues, Input Tax Credit availment, and non-payment of tax on RODTEP license sales. The company deems the notice 'untenable' and expects no material impact on its operations. Bansal Wire is reviewing the notice and preparing a response.
04Nov 25
Bansal Wire Reports Q2 Revenue Growth Amid Profit Decline
Bansal Wire Industries released its Q2 financial results, showing a 27.88% year-over-year increase in revenue to ₹10.55 billion. EBITDA grew by 20.19% to ₹768 million. However, the EBITDA margin decreased from 7.74% to 7.30%, and consolidated profit fell by 3.28% to ₹383 million compared to the previous year. The results indicate strong top-line growth but challenges in maintaining profit margins.
08Oct 25
Bansal Wire Industries Expands Automotive Portfolio with New IBT Wire Launch
Bansal Wire Industries Limited has introduced 'Induction Hardened And Tempered (IBT) Wire' for automotive components, launching on October 8, 2025. The product, designed for high-performance springs in automotive applications, has a production capacity of 9,000 tons. This strategic move aims to strengthen the company's position in the automotive components market and expand its specialty wire division.
03Oct 25
Fire Incident at Bansal Wire Industries' Dadri Plant: Operations Partially Disrupted
Bansal Wire Industries reported a fire at its Dadri plant in Uttar Pradesh on October 02, 2025, at 8:15 P.M. IST. The incident occurred in the C Shed near the 220 KVA Sub section, causing temporary disruption. A and B Sheds remain operational. No injuries were reported. The company is assessing the damage, which is covered by insurance, and does not expect a material impact on profitability. Efforts are underway to restore the affected area.
01Oct 25
Bansal Wire Industries Reports Record-Breaking 45.9% Volume Growth in Q2FY26
Bansal Wire Industries Limited (BWIL) announced a significant increase in sales volume for Q2FY26, reaching 114,609 metric tons (MT), a 45.90% year-over-year growth. The company's H1FY26 performance showed a 41.58% increase, with cumulative sales of 218,709 MT. BWIL also reported a 10.09% quarter-on-quarter growth. The H1FY26 sales volume has already surpassed 63% of the entire FY25 total, indicating strong potential for full-year growth.
25Jul 25
Bansal Wire Industries Reports Record Q1 Sales Volume, Strong Cash Flow Generation
BWIL achieved record quarterly sales of 104,000 tons, operating at 74% capacity. Revenue increased 15% YoY to INR 939.00 crores. EBITDA rose 20% to INR 75.00 crores, and net profit grew 24% to INR 39.00 crores. Operating cash flow improved to INR 97.00 crores. The company plans INR 700.00-750.00 crores capex over two years, focusing on the Sanand backward integration project. BWIL is developing specialty wire products and targets 30% volume growth for FY26. Export revenue was INR 72.00 crores, 7.5% of total revenue.
25Jul 25
Bansal Wire Industries Completes Full Utilization of Rs 7,450 Million IPO Proceeds
Bansal Wire Industries Limited has fully utilized its IPO proceeds of Rs 7,450.00 million. The funds were deployed for repaying borrowings (Rs 4,526.83 million), subsidiary debt repayment (Rs 937.08 million), working capital (Rs 600.00 million), general corporate purposes (Rs 906.64 million), and issue expenses (Rs 479.45 million). The utilization was completed by December 31, 2024, with final deployment in June 2025. CRISIL Ratings Limited confirmed no deviations from the original objectives stated in the offer document.
22Jul 25
Bansal Wire Industries Reports 24.6% Surge in Q1 Net Profit
Bansal Wire Industries Limited, India's largest stainless steel wire manufacturer, reported strong Q1 results. Net profit increased by 24.6% year-on-year to ₹392.79 crore, while revenue rose 14.9% to ₹9,390.07 crore. EBITDA grew 19.6% to ₹744.60 crore, with the EBITDA margin improving to 7.9%. The company is progressing with its Dadri expansion, scaling up specialty wire portfolio, and planning a new facility in Sanand, Gujarat. Management expressed satisfaction with the performance, attributing it to integrated operations, product innovation, and customer focus.
22Jul 25
Bansal Wire Industries Reports Strong Q1 Results, Appoints New Auditors and Dissolves IPO Committee
Bansal Wire Industries Limited, India's largest stainless steel wire manufacturer, reported robust Q1 FY2026 results. Consolidated net profit increased to ₹392.79 crore, while revenue rose to ₹9,390.07 crore. The company's board approved quarterly results, appointed new auditors, and dissolved the IPO committee. Bansal Wire's performance reflects its integrated operations and focus on India's infrastructure growth.
21Jul 25
Bansal Wire Unveils ₹650 Crore Investment Plan for Sanand Facility Expansion
Bansal Wire Industries, a leading steel wire manufacturer, has unveiled a growth strategy centered on a ₹650 crore investment in its Sanand facility. The plan aims to expand specialty wire operations, increase production capacity at the Dadri plant, and develop the Sanand facility in Gujarat. The investment focuses on securing raw material supply, improving cost efficiency, and enhancing sustainability. Recent financial results show strong performance with revenue at ₹9,390.07 million (+14.9% YoY), net profit at ₹392.79 million (+24.6% YoY), and EBITDA at ₹744.60 million (+19.6% YoY). The company, India's largest stainless steel wire manufacturer by volume, is targeting high-growth, high-value markets in specialty wire segments.
21Jul 25
Bansal Wire Industries Posts Strong Q1 Results: Net Profit Surges 24.8% to ₹393 Crore
Bansal Wire Industries Limited reported robust Q1 FY2026 financial results. Consolidated revenue increased by 14.5% to ₹9,390.07 crore, while net profit surged 24.8% to ₹393.00 crore. EBITDA rose to ₹718.00 crore with an improved margin of 7.65%. The company also announced new appointments for Secretarial, Cost, and Internal Auditors, reinforcing its commitment to corporate governance.
11Jul 25
Bansal Wire Sets Ambitious Growth Targets for FY26
Bansal Wire Industries has announced its strategic growth plans for FY26, targeting 25-30% volume growth and aiming for value-added products to contribute 20-25% of total revenue. The company also projects a 10% EBITDA growth, indicating a focus on expansion, product innovation, and operational efficiency in the wire manufacturing sector.
26Jun 25
Bansal Wire Industries Faces ₹395 Crore GST Show Cause Notice
Bansal Wire Industries, a major wire manufacturer, has received a show cause notice from GST authorities involving ₹395.00 crore in GST interest and penalties. The company is expected to respond to the notice, which could have significant financial and regulatory implications. No official statement has been released by the company's management yet.
20May 25
Bansal Wire Industries: Q4 Profit Soars 41% to ₹33 Crore
Bansal Wire Industries has released its Q4 financial results, showing significant growth. Consolidated revenues increased by 33% year-on-year to ₹940.00 crore, up from ₹707.00 crore. Consolidated profit after tax rose by 41% to ₹33.00 crore from ₹23.40 crore in the previous year. Despite strong results, the company's stock is trading 1.14% lower at ₹398.00.
18Mar 25
Bansal Wire Industries' Subsidiary Secures 170,000 sq m Plot in Gujarat for New Manufacturing Facility
Bansal Wire Industries Ltd's subsidiary, BWI Steel Private Ltd, has been allotted a 170,000 square meter industrial plot by Gujarat Industrial Development Corporation in Sanand-II Industrial Estate. The land agreement was executed on March 17, 2025, following a possession receipt dated February 27, 2025. This acquisition is intended for setting up a new plant and manufacturing unit, signaling a significant expansion move for the company.
Bansal Wire Industries
300.05
+1.50
(+0.50%)
1 Year Returns:-23.71%
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