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Latest news about Bansal Wire Industries

Anand Rathi Maintains BUY Rating on Bansal Wire Industries with ₹360 Target Price Jan 21, 2026

Anand Rathi maintains BUY rating on Bansal Wire Industries with ₹360 target price, valuing at 1.15x FY28 PEG. The company plans capacity expansion of ~24% to 0.77 million tonnes through Sanand and Dadri projects over next 2-3 years. New units include 9,000-tonne IHT specialty wire facility and 6,000-tonne OHT facility, with steel tyre cord commercialisation expected by mid-FY27. Despite positive outlook, brokerage trimmed FY27/28 EBITDA estimates by 5.60%/8.10% and APAT by 12%/14% due to higher costs.

Bansal Wire Q3 Net Profit Grows 3.8% Amid ₹203 Crore GST Notice Challenge Jan 19, 2026

Bansal Wire Industries Q3: EBITDA Surges 18.3% to ₹852 Cr, Margin Improves Jan 19, 2026

Bansal Wire Industries Schedules Q3FY26 Earnings Call for January 20, 2026 Jan 14, 2026

Bansal Wire Industries Schedules Board Meeting for Q3FY26 Financial Results on January 19, 2026 Jan 13, 2026

More news about Bansal Wire Industries

09Jan 26

Bansal Wire Industries Stock Falls 5% as Lock-in Period Expires, Making ₹945 Crore Worth Shares Tradable

Bansal Wire Industries shares fell 5.2% as lock-in period expiry made 3.13 crore shares worth ₹945 crore tradable. Q2FY26 revenue grew 28% to ₹1,055 crore but net profit declined 5% to ₹38 crore due to margin pressures. The company operates 6.18 lakh MTPA capacity at 74% utilisation and plans ₹150 crore capex at Sanand to add 90,000 tonnes capacity by December 2027.

09Jan 26

Bansal Wire Industries shares in focus as 20% outstanding equity frees up for trade today

Bansal Wire Industries faces a significant lock-in expiry on January 9, with 31.3 million shares worth ₹945 crore becoming eligible for trading. As India's largest stainless steel wire manufacturer and second largest steel wire manufacturer overall, the company maintains a strong market position across three key segments. With promoters holding 77.99% stake, the stock closed at ₹301.90, trading 18% above its ₹256 issue price despite Thursday's 1.18% decline.

09Jan 26

Bansal Wire shares in focus as 20% equity becomes eligible for trading after lock-in expiry

Bansal Wire Industries faces a significant development as 31.3 million shares representing 20% of total equity become eligible for trading after lock-in expiry on January 9. The company, India's second-largest steel wire manufacturer and largest stainless steel wire producer, recently reported record Q3FY26 sales volume of 121,702 MT. Despite strong operational performance with nine-month sales reaching 340,411 MT compared to 246,888 MT in the previous year, the stock has declined 22% over six months.

08Jan 26

Bansal Wire Industries GST Tax Liability Reduced by 94% Following Authority Review

Bansal Wire Industries Limited has received a revised GST assessment order reducing its tax liability from ₹669.72 lacs to ₹39.88 lacs for FY 2023-24, representing a 94% decrease. The Joint Commissioner, SGST issued the revised order on January 08, 2026, following the company's response to an earlier show cause notice. Despite the significant reduction, the company plans to file an appeal for further clarification on certain assessment aspects, while confirming no material impact on its financial or operational activities.

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.