Bansal Wire Industries Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Bansal Wire Industries Ltd filed with BSE on 28 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Bansal Wire reported Q1 FY27 revenue of INR 1,168 crore, up around 25% year-over-year, with EBITDA of INR 57 crore and net profit of INR 20 crore. Management said input cost pressures from a natural gas shortage tied to geopolitical tension in West Asia hit margins in the first half of the quarter before conditions improved and operations normalized. The company also discussed progress in its Steel Cord, IHT/OHT wire, and B2C product lines, and reiterated a volume growth target for the remainder of the year.
Numbers mentioned
Revenue: INR 1,168 crore (Q1 FY27)
p. 5
“Our revenue for the quarter is INR 1,168 crore, reflecting a growth of around 25% on a yearover-year basis.”
Ghanshyam Gujrati, page 5 of the filed PDF · View the filing
EBITDA: INR 57 crore (Q1 FY27)
p. 5
“EBITDA for the quarter came in at INR 57 crore, and net profit for the quarter is INR 20 crore.”
Ghanshyam Gujrati, page 5 of the filed PDF · View the filing
Sales volume: 112,000 metric tonnes (Q1 FY27)
p. 5
“our sales volume for the quarter is 112,000 metric tonnes as compared to 104,000 metric tonnes in Quarter 1 FY 2026.”
Ghanshyam Gujrati, page 5 of the filed PDF · View the filing
Operating cash flow: INR 121 crore (Q1 FY27)
p. 5
“we delivered a healthy operating cash flow of INR 121 crore during the quarter, reflecting our continued focus on tightening working capital cycle.”
Ghanshyam Gujrati, page 5 of the filed PDF · View the filing
Operating capacity: around 680,000 tonnes (as of call date)
p. 3
“our operating capacity as of today stands at around 680,000 tonnes”
Pranav Bansal, page 3 of the filed PDF · View the filing
B2C share of sales: approximately 10% (Q1 FY27)
p. 4
“Customer response has been encouraging with these products contributing approximately 10% of our sales already during the last quarter.”
Pranav Bansal, page 4 of the filed PDF · View the filing
IHT/OHT combined capacity: 9,000 tonnes, reaching 15,000 tonnes
p. 9
“IHT and OHT combined, right now we have 9,000 tonnes of capacity, which will reach to 15,000 tonnes with OHT commissioning.”
Pranav Bansal, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Volume growth — 20% · rest of FY27
stated as an aspiration by Pranav Bansal
p. 4
“So, looking ahead, we are still working towards achieving a growth of 20% for the rest of the year.”
Pranav Bansal, page 4 of the filed PDF · View the filing
EBITDA growth — 20% · FY27
stated conditionally by Pranav Bansal
p. 8
“Our EBITDA guidance would also still remain 20%.”
Pranav Bansal, page 8 of the filed PDF · View the filing
Capex — INR 200 crore-INR 250 crore · FY27
stated firmly by Pranav Bansal
p. 10
“So, this year also will be INR 200 crore-INR 250 crore in total.”
Pranav Bansal, page 10 of the filed PDF · View the filing
ROCE in current business — 25% · in a very short while
stated as an aspiration by Pranav Bansal
p. 16
“we are looking to go to 25% ROCE in current business also in a very short while.”
Pranav Bansal, page 16 of the filed PDF · View the filing
IHT capacity utilization — 50% capacity utilization · next month
stated firmly by Pranav Bansal
p. 9
“In IHT, just to give you an example, next month we are targeting 50% capacity utilization.”
Pranav Bansal, page 9 of the filed PDF · View the filing
B2C share of total sales — 25% of total sales
stated as an aspiration by Pranav Bansal
p. 9
“On a blended basis, that would mean 25% of our total sales should come from B2C. That is the ambition.”
Pranav Bansal, page 9 of the filed PDF · View the filing
Speciality Wire production capacity — INR 2 lakh tonnes · next four to five years
stated as an aspiration by Pranav Bansal
p. 14
“our vision is to reach to INR 2 lakh tonnes of production within the Speciality Wire front.”
Pranav Bansal, page 14 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management explained they absorbed higher consumable costs on existing firm orders for the first 45 days, then returned to normal margins on new orders.
Answered by Pranav Bansal
Asked by Kunal Sharma: How will Bansal Wire's growth and margin be affected if the geopolitical/oil price situation persists?
p. 6
“We took a hit from INR 7 a kg blended and we came down to INR 2 a kg, wherein we absorbed all that cost.”
Pranav Bansal, page 6 of the filed PDF · View the filing
Management confirmed margins had already normalized from mid-May.
Answered by Pranav Bansal
Asked by Kunal Sharma: Is Bansal Wire back to normal margins from next quarter?
p. 7
“From almost May 15th, we are already back to INR 7-INR 8 per kg margin.”
Pranav Bansal, page 7 of the filed PDF · View the filing
Management clarified it remains a trial stage with no confirmed order book yet.
Answered by Pranav Bansal
Asked by Kunal Sharma: Does the Steel Cord trial order translate into a confirmed order book?
p. 7
“I can't comment on the name, what I can tell you is it is a trial order so there is no order book honestly there.”
Pranav Bansal, page 7 of the filed PDF · View the filing
Management said EBITDA guidance remains at 20%, with volume growth as the anchor and per-kg margin outcome still uncertain.
Answered by Pranav Bansal
Asked by Aditya Bhartia: Does 20% volume growth plus higher EBITDA per kg imply ~30% total EBITDA growth?
p. 8
“If we are gaining, let's say, 20% volume then our EBITDA would also at least grow by 20%, if not more.”
Pranav Bansal, page 8 of the filed PDF · View the filing
Management indicated per-kg EBITDA in the range of INR 10-20 once at optimum utilization.
Answered by Pranav Bansal
Asked by Aditya Bhartia: What is the profitability and scale ambition for IHT/OHT wires?
p. 9
“In IHT, I would say about INR 10-20 INR a kg, in that range.”
Pranav Bansal, page 9 of the filed PDF · View the filing
Management described plans to grow B2C to 50% of low-carbon volume and noted better margins than B2B.
Answered by Pranav Bansal
Asked by Aditya Bhartia: What is the ambition and margin differential for the B2C business?
p. 9
“I would say about 20%-30% extra EBITDA per tonne is what we are able to get from the B2C segment as compared to B2B in the low carbon front.”
Pranav Bansal, page 9 of the filed PDF · View the filing
Management said capex would be capped at INR 200-250 crore annually to support 20-25% volume growth.
Answered by Pranav Bansal
Asked by Deeya Jain: What capex is planned for this year?
p. 10
“We will cap our CAPEX at about INR 200 crore-INR 250 crore every year to give us runway for each year.”
Pranav Bansal, page 10 of the filed PDF · View the filing
Management said gas costs rose significantly but could not give a precise split.
Answered by Pranav Bansal
Asked by Rahul Girish Shah: How much of the increase in other expenses was due to gas costs versus new plant costs?
p. 10
“Blended, I think, our gas cost has increased by about, let's say, 1.5x on an average.”
Pranav Bansal, page 10 of the filed PDF · View the filing
Management attributed growth to market share gains, existing customer growth, and new product SKUs.
Answered by Pranav Bansal
Asked by Jigar Jani: What gives management confidence in 20% volume growth given implied quarterly run-rate?
p. 11
“One third of the growth comes from our regular customers by increasing market share or just by growing with the customers.”
Pranav Bansal, page 11 of the filed PDF · View the filing
Management said the Speciality segment targets a good ROCE via higher EBITDA per tonne, while the base business is separately targeting 25% ROCE.
Answered by Pranav Bansal
Asked by Jay Patel: Does the Speciality business improve ROCE versus the current business?
p. 16
“on INR 2 lakh tonnes, we will be able to maintain about INR 600 crore-INR 800 crore of EBITDA on an investment of INR 2,000 crore or INR 2,500 crore.”
Pranav Bansal, page 16 of the filed PDF · View the filing
Management said exports would not be competitive due to higher domestic raw material costs, and the focus remains on the domestic market.
Answered by Pranav Bansal
Asked by Jay Patel: Can Bansal Wire compete globally with Jiangsu Xingda in Speciality Wire?
p. 16
“Today, our raw material price in India for especially this kind of business, we get an INR 10 to INR 15 kg higher price.”
Pranav Bansal, page 16 of the filed PDF · View the filing
Management clarified the facility itself is not being sold, though some excess land may be sold while expansion continues there.
Answered by Pranav Bansal
Asked by Anil Shah: Is the Sanand facility land being sold as previously indicated?
p. 18
“It is not that we are trying to sell off the entire facility. We have already started expanding in the Sanand facility with wire CAPEX, about 90,000 tonnes, but we have excess land, we will take a call on that definitely.”
Pranav Bansal, page 18 of the filed PDF · View the filing
Risks flagged
Geopolitical tension in West Asia disrupted natural gas availability and raised input costs
p. 3
“the ongoing geopolitical tension in West Asia created near-term volatility across global supply chain, leading to a temporary disruption in the availability of natural gas.”
Pranav Bansal, page 3 of the filed PDF · View the filing
Subdued demand and customer de-stocking during the quarter
p. 4
“the quarter did witness subdued demand and some de-stocking at the customer end”
Pranav Bansal, page 4 of the filed PDF · View the filing
Gas prices remain elevated and have not decreased
p. 14
“Even today, our gas prices are escalated. We do not see any decrease in our gas prices today.”
Pranav Bansal, page 14 of the filed PDF · View the filing
Uncertainty remains around whether EBITDA growth will exceed volume growth
p. 9
“A lot of uncertainty is still remaining here.”
Pranav Bansal, page 9 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.