Bansal Wire Industries Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Bansal Wire Industries Ltd filed with BSE on 23 Sept 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 Industries reported FY26 consolidated revenue growth of 19% to Rs 4,160 crore, EBITDA growth of 17% to Rs 324 crore, and profit after tax growth of 10% to Rs 161 crore, alongside a debt-to-equity ratio of 0.39 times. Management highlighted expansion of the Dadri facility to about 6,80,000 tonnes installed capacity, progress in speciality wire segments including IHT wires, steel cord and LRPC strands, and growth in the B2C segment through farming, fencing and poultry wires. The company also reported operating cash flow of Rs 330 crore in FY26 against an internal target of Rs 250 crore, and discussed plans for capacity utilisation, CSR spending, and sustained revenue growth.
Numbers mentioned
Consolidated revenue: Rs 4160 crore (FY26)
p. 3
“Hamara consolidated revenue 19% badh kar Rs 4160 crore ho gya hai”
Chairman, page 3 of the filed PDF · View the filing
EBITDA: Rs 324 crore (FY26)
p. 3
“EBIDTA 17% badh kar Rs 324 crore hua hai”
Chairman, page 3 of the filed PDF · View the filing
Profit after tax: Rs 161 crore (FY26)
p. 3
“thatha profit after tax 10% badhkar Rs 161 crore hua hai”
Chairman, page 3 of the filed PDF · View the filing
Debt-to-equity ratio: 0.39 times (FY26)
p. 3
“Hamari balance sheet 0.39 times ke debt-to-equity ratio ke sath kafi mazboot hai”
Chairman, page 3 of the filed PDF · View the filing
Annual volume: approximately 4,58,000 tonnes (FY26)
p. 3
“Is saal hamne lagbhag 4,58,000 tonnes ka apna highest ever annual volume achieve kiya hai”
Chairman, page 3 of the filed PDF · View the filing
Installed capacity: approximately 6,80,000 tonnes per annum (FY26)
p. 3
“Is saal hamne Dadri mein 1,20,000 tonne ki additional capacity install ki, jis se hamari overall installed capacity approximately 6,80,000 tonne per annum ho gyi hai”
Chairman, page 3 of the filed PDF · View the filing
Highest ever quarterly volume: 1,21,000 tonnes (Q3 FY26)
p. 4
“that showed up on our highest ever quarterly volume of 1,21,000 tonnes in our third quarter”
MD and CEO, page 4 of the filed PDF · View the filing
Operating cash flow: Rs 330 crores (FY26)
p. 5
“We have already generated Rs. 330 crores of operating cash flow in FY25-26”
MD and CEO, page 5 of the filed PDF · View the filing
Planned capex: Rs. 200-250 crores (FY27)
p. 5
“This has given us the flexibility to fund planned capex of about Rs. 200-250 crores, primarily through internal accruals.”
MD and CEO, page 5 of the filed PDF · View the filing
Export presence: 40 countries (FY26)
p. 3
“export presence ab 40 countries tak pahunch gyi hai”
Chairman, page 3 of the filed PDF · View the filing
Speciality wire contribution to volumes: around 4-5%
p. 4
“While these speciality wire segments are still at a very early stage and currently contribute around 4-5% of our total volumes”
MD and CEO, page 4 of the filed PDF · View the filing
B2C segment contribution to revenue: almost 10%
p. 4
“broadening our presence in the customer focus and B2C segment, which now contribute to almost 10% of our revenue already”
MD and CEO, page 4 of the filed PDF · View the filing
CSR spend: Rs 3.10 crore (FY26)
p. 10
“Last year, 2025-26 mein company ne kareeb Rs 3.10 crore CSR ke madhyam se, chahe wo medical sector ho, education ho, sabhi mein spend kiya hai.”
Chairman, page 10 of the filed PDF · View the filing
Capacity utilisation: about 70% (FY26)
p. 10
“Last year, our total capacity was about 6.8 lakh tonnes, and we were operating at about 70%, which is already a healthy capacity utilization rate for our company.”
Manging Director and CEO, page 10 of the filed PDF · View the filing
Q1 cash flow: about Rs 120 crores (Q1 FY27)
p. 8
“Against this, in Q1 already, we have delivered about Rs 120 crores of cash flow, even after all of this disruption that we have faced within Q1.”
Pratham Gupta, page 8 of the filed PDF · View the filing
SKUs: approximately 3,000 plus
p. 4
“we have one of India's most diversified steel wire portfolios already, with approximately 3,000 plus SKUs across multiple sectors and applications”
MD and CEO, page 4 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.
Operating cash flow target — Rs 800 crores · FY26 and FY27 combined
stated firmly by Managing Director and CEO
p. 8
“Because of this achievement, we have actually increased our Rs 600 crores target to about Rs 800 crores, which is what we are targeting to deliver this year.”
Managing Director and CEO, page 8 of the filed PDF · View the filing
Cash flow for the year — around Rs 400 crores · FY27
stated firmly by Managing Director and CEO
p. 8
“So this year should be around Rs 400 crores of cash flow that we have targeted.”
Managing Director and CEO, page 8 of the filed PDF · View the filing
Market share — towards 10% · very near future
stated as an aspiration by MD and CEO
p. 5
“increase market share from approximately 7% towards 10% in the very near future”
MD and CEO, page 5 of the filed PDF · View the filing
EBITDA margin — double-digit EBITDA margin · medium-term
stated as an aspiration by MD and CEO
p. 5
“We remain focused on our medium-term objective of moving towards double-digit EBITDA margin, supported by better product mix, higher utilization and operational efficiency.”
MD and CEO, page 5 of the filed PDF · View the filing
Revenue growth rate — 20% or higher · next three to five years
stated as an aspiration by Managing Director and CEO
p. 9
“We want to grow at 20% if not higher.”
Managing Director and CEO, page 9 of the filed PDF · View the filing
CSR spend — Rs 3.50 crore approximately · current year
stated firmly by Chairman
p. 10
“aur is saal bhi hamara target kareeb Rs 3.50 crore approximately is saal bhi CSR ke madhyam se different-different fields mein ham spend karenge”
Chairman, page 10 of the filed PDF · View the filing
Steel tyre cord commercial sales — meaningful sales · next three to four quarters
stated conditionally by Managing Director and CEO
p. 9
“if everything goes well, I think within the next three to four quarters, we should be able to see meaningful sales as well in the sector.”
Managing Director and CEO, page 9 of the filed PDF · View the filing
Capacity utilisation — 85-90%
stated as an aspiration by Manging Director and CEO
p. 10
“Historically, also, if you will see, our company, we have operated at about 85-90% capacity utilization. That has always been the aim.”
Manging Director and CEO, page 10 of the filed PDF · View the filing
Low carbon wires from B2C — about 50%
stated as an aspiration by Managing Director and CEO
p. 9
“Our internal target is about 50% of our low carbon wires should come from here.”
Managing Director and CEO, page 9 of the filed PDF · View the filing
Growth without debt — 20% growth · near future
stated as an aspiration by MD and CEO
p. 12
“we should be able to maintain this 20% growth without debt in the near future”
MD and CEO, page 12 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.
The Chairman said the split aims to increase the number of shareholders, which will benefit them.
Answered by Chairman
Asked by Prabhat Joshi: What is the rationale behind the stock split and how will it benefit shareholders?
p. 7
“Share ko split karne ka purpose hamein apna parivaar badhana hai, shareholders parivaar.”
Chairman, page 7 of the filed PDF · View the filing
Management explained a cost-plus model where raw material cost changes are passed to customers with a lag, and inventory is managed to hedge fluctuations.
Answered by MD and CEO
Asked by Kashish: What are the key risks around LPG supply disruption and steel price volatility, and how does the company manage margin?
p. 7
“So we generally have a very cost-plus business model in which our conversion from a customer is generally fixed and any increase or decrease in our raw material is passed on to the customer on an immediate basis.”
MD and CEO, page 7 of the filed PDF · View the filing
Management said last year's cash flow exceeded internal targets by 30%, prompting an increase in the two-year target from Rs 600 crore to Rs 800 crore.
Answered by Managing Director and CEO
Asked by Pratham Gupta: How confident is the company in achieving its Rs 600 crore cash flow target, and is there a revised target?
p. 8
“Because of this achievement, we have actually increased our Rs 600 crores target to about Rs 800 crores, which is what we are targeting to deliver this year.”
Managing Director and CEO, page 8 of the filed PDF · View the filing
Management said B2C is an organic growth initiative leveraging existing manufacturing capabilities and brand presence, now contributing about 10% of revenue.
Answered by Managing Director and CEO
Asked by Vijay Prakash Sharma: What is the objective behind entering B2C segments like farming, poultry and fencing wire?
p. 9
“We are selling about 10% of our total revenue now in B2C.”
Managing Director and CEO, page 9 of the filed PDF · View the filing
Management said approvals typically take 2-2.5 years but progress has been faster due to being the only Indian manufacturer, with meaningful sales expected in three to four quarters.
Answered by Managing Director and CEO
Asked by Rajat Bansal: What is the timeframe for commercialising the Steel Tyre Cord product?
p. 9
“So, generally, to get an approval in this product, it requires 2-2.5 years.”
Managing Director and CEO, page 9 of the filed PDF · View the filing
Management said utilisation was about 70% last year and expects it to rise as Dadri ramps up, while maintaining headroom for growth.
Answered by Manging Director and CEO
Asked by Suraj Singh: What is the current capacity utilisation at Dadri and how will the company increase it?
p. 10
“Last year, our total capacity was about 6.8 lakh tonnes, and we were operating at about 70%, which is already a healthy capacity utilization rate for our company.”
Manging Director and CEO, page 10 of the filed PDF · View the filing
Management said the focus is on sustainable growth of around 20% annually, driven by speciality wire and diversified product segments.
Answered by MD and CEO
Asked by Shashi Jain: What is the company's strategy for increasing shareholders' wealth over the next three to five years?
p. 11
“We prioritize growing sustainably each and every year.”
MD and CEO, page 11 of the filed PDF · View the filing
Risks flagged
Steel price volatility and input cost fluctuations
p. 7
“Sir, as you know, the steel prices are volatile and input costs can change quickly.”
Kashish, page 7 of the filed PDF · View the filing
LPG/gas prices are external and out of the company's control
p. 7
“although gas prices or LPG prices are external factors and they are out of our company's control”
MD and CEO, page 7 of the filed PDF · View the filing
Global economic and geopolitical changes affecting commodity prices, trade and supply chain
p. 4
“Inka impact commodity prices, trade aur supply chain par bhi ho rha hai.”
Chairman, page 4 of the filed PDF · View the filing
Volatile global environment affecting exports
p. 5
“While our exports to nearly 40 countries continue to grow, in a volatile global environment, this diversification gives us great resilience and confidence for the road ahead.”
MD and CEO, page 5 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.
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