Is Bansal Wire Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bansal Wire Industries Ltd is a average quality company .

Is Bansal Wire Industries undervalued or overvalued?

The key valuation ratios of Bansal Wire Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bansal Wire Industries share price return in the past 10 years?

Data is not available for this company

Is Bansal Wire Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bansal Wire Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Bansal Wire Industries?

The latest standalone P/E ratio of Bansal Wire Industries as of 20-Sep-2024 is 97.41.

What is the P/B ratio of Bansal Wire Industries?

The latest standalone P/B ratio of Bansal Wire Industries as of 20-Sep-2024 is 5.92.

What is the 52-week high and low of Bansal Wire Industries?

The 52-week high of Bansal Wire Industries is Rs. 460.40 and the 52-week low is Rs. 325.05.

Bansal Wire Industries Ltd - Stock Valuation and Financial Performance

Name: Bansal Wire Industries
Brand: Bansal Wire Industries

BSE: 544209 | NSE: BANSALWIRE | Steel & Iron Products | Small Cap

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Bansal Wire Inds. Share Price

₹430 14.75 3.55%
as on 20-Sep'24 16:01

10 Year X-Ray of Bansal Wire Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.1%	12%	11.9%	12.7%	15.7%	16.7%	16.9%	18.1%	15.8%	14.7%	-
Value Creation Index ⓘ	-0.1	-0.1	-0.1	-0.1	0.2	0.2	0.3	0.3	0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	516	621	678	978	1,370	1,403	1,477	2,198	2,413	2,284	2,284
Sales YoY Gr.	-	20.3%	9.2%	44.3%	40%	2.4%	5.3%	48.8%	9.8%	-5.3%	-
Adj EPS ⓘ	1.1	1.2	1.4	1.9	3	4.7	9.2	4.2	4.2	5	4.4
YoY Gr.	-	13.9%	12.2%	34.1%	61.6%	56.2%	97.6%	-54.7%	0.7%	18.8%	-
BVPS (₹) ⓘ	10.5	11.7	13.1	15	19.6	24.5	38.5	17.5	22.2	27.8	71.9
Adj Net Profit ⓘ	5.8	6.6	7.4	9.9	16.1	25.1	38.4	53.3	53.6	63.7	68
Cash Flow from Ops. ⓘ	0.9	15.3	-2.9	-13.5	19.7	-9.8	-37.3	-11.5	103	73.9	-
Debt/CF from Ops. ⓘ	153	9.7	-58.4	-15.4	10.7	-26.8	-9.7	-35.8	4.1	8.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	18%	10.8%	15.6%	-5.3%
Adj EPS ⓘ	18.6%	10.8%	-18.5%	18.8%
BVPSⓘ	11.5%	7.2%	-10.3%	25.3%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	11.1	11.1	11.1	13.2	17.3	21.1	26.3	27.9	21.2	20	8.8
Op. Profit Mgn % ⓘ	5	4.7	4.9	3.9	3.5	4.5	5.5	4.8	4.4	5.5	5.9
Net Profit Mgn % ⓘ	1.1	1.1	1.1	1	1.2	1.8	2.6	2.4	2.2	2.8	3
Debt to Equity ⓘ	2.5	2.4	2.4	2.6	2	2	2.3	1.9	1.5	1.7	-
Working Cap Days ⓘ	74	78	85	70	60	69	100	86	87	101	0
Cash Conv. Cycle ⓘ	64	66	72	62	54	62	85	73	74	77	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.64%

Debt to equity has declined versus last 3 years average to 1.70

Sales growth is good in last 4 quarters at 11.75%

Return on Equity has declined versus last 3 years average to 8.80%

Net Profit has been subdued in last 3 years -18.48%

Latest Financials - Bansal Wire Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.4	4.9
TTM Sales (₹ Cr.)	2,284	2,466
BVPS (₹.) ⓘ	71.9	76.6
Reserves (₹ Cr.) ⓘ	1,047	1,121
P/BV ⓘ	5.92	5.56
PE ⓘ	97.41	86.37

From the Market
52 Week Low / High (₹)	325.05 / 460.40
All Time Low / High (₹)	325.05 / 460.40
Market Cap (₹ Cr.)	6,665
Equity (₹ Cr.)	78.3
Face Value (₹)	5
Industry PE ⓘ	32.1

Management X-Ray of Bansal Wire Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bansal Wire Inds.

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bansal Wire Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	516	621	678	978	1,370	1,403	1,477	2,198	2,413	2,284
Operating Expenses ⓘ	490	592	645	939	1,322	1,339	1,395	2,092	2,308	2,160
Manufacturing Costs	58	76	81	93	114	169	232	258	239	231
Material Costs	420	498	541	800	1,106	1,105	1,103	1,761	1,981	1,835
Employee Cost	8	10	15	30	38	43	40	47	60	58
Other Costs ⓘ	5	7	8	17	65	22	20	27	28	35
Operating Profit ⓘ	26	29	33	39	48	64	82	106	105	125
Operating Profit Margin (%)	5.0%	4.7%	4.8%	3.9%	3.5%	4.5%	5.5%	4.8%	4.4%	5.5%
Other Income ⓘ	0	1	0	1	4	3	3	7	10	4
Interest ⓘ	12	14	15	18	20	22	21	27	24	25
Depreciation ⓘ	5	6	6	6	6	7	8	8	9	10
Exceptional Items ⓘ	0	0	0	0	2	0	0	0	0	3
Profit Before Tax ⓘ	9	10	12	16	27	38	56	78	82	97
Tax ⓘ	4	3	4	6	9	11	16	21	22	28
Profit After Tax	6	7	7	10	18	26	40	57	60	68
PAT Margin (%)	1.1%	1.1%	1.1%	1.0%	1.3%	1.9%	2.7%	2.6%	2.5%	3.0%
Adjusted EPS (₹)	1.1	1.3	1.4	1.9	3.4	4.9	9.7	4.5	4.7	5.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	56	63	70	80	106	132	160	223	283	354
Share Capital ⓘ	4	4	4	4	4	4	3	9	9	64
Reserves ⓘ	52	59	67	77	102	128	157	214	273	290
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	134	144	167	199	205	261	346	398	409	578
Long Term Debt	54	47	54	58	41	64	111	123	197	289
Short Term Debt	80	97	113	141	164	196	235	275	212	289
Trade Payables	0	6	1	1	0	4	17	21	13	48
Others Liabilities ⓘ	27	42	42	46	59	40	54	61	63	95
Total Liabilities ⓘ	217	255	280	327	370	436	577	703	766	1,074
Fixed Assets
Gross Block	88	106	110	115	125	145	113	131	140	168
Accumulated Depreciation	16	22	27	32	39	45	8	16	25	27
Net Fixed Assetsⓘ	72	84	83	83	86	99	106	116	116	142
CWIP ⓘ	10	1	0	0	0	0	0	0	38	202
Investmentsⓘ	0	0	0	0	0	0	0	23	23	55
Inventories	49	50	66	92	107	135	197	265	244	255
Trade Receivables	68	97	103	131	146	171	207	249	252	273
Cash Equivalents	1	1	0	0	0	0	1	0	1	4
Others Assetsⓘ	18	22	28	21	31	30	67	50	93	143
Total Assets ⓘ	217	255	280	327	370	436	577	703	766	1,074

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1	15	-3	-13	20	-10	-37	-12	103	74
PBT ⓘ	9	10	12	16	27	38	56	78	82	97
Adjustment ⓘ	17	20	22	24	26	29	26	35	33	32
Changes in Working Capital ⓘ	-25	-13	-33	-48	-26	-65	-109	-107	19	-28
Tax Paid ⓘ	-1	-2	-4	-5	-8	-11	-11	-17	-31	-27
Cash Flow From Investing Activity ⓘ	-18	-11	-4	-6	-10	-21	-33	-19	-87	-229
Capex	-18	-10	-4	-5	-9	-20	-16	-19	-46	-198
Net Investments	0	0	0	0	0	0	6	-23	0	-32
Others ⓘ	0	0	0	0	0	0	-23	23	-41	2
Cash Flow From Financing Activityⓘ	18	-5	7	19	-10	31	70	30	-15	156
Net Proceeds from Shares ⓘ	1	0	0	0	7	0	0	6	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	23	92	51	9	181
Interest Paid ⓘ	-12	-14	-15	-18	-20	-22	-21	-27	-24	-25
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	29	9	22	37	3	29	-1	0	0	0
Net Cash Flow ⓘ	1	0	0	0	0	0	0	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	11.1	11.24	11.15	13.26	19.67	22.31	27.74	29.92	23.71	21.5
ROCE (%)	12.09	11.97	11.93	12.66	15.74	16.73	16.87	18.08	15.75	14.68
Asset Turnover Ratio	3.04	3	2.93	3.77	4.58	4.04	2.92	3.44	3.28	2.48
PAT to CFO Conversion(x)	0.17	2.14	-0.43	-1.3	1.11	-0.38	-0.93	-0.21	1.72	1.09
Working Capital Days
Receivable Days	38	43	47	37	32	35	47	38	38	42
Inventory Days	27	25	27	25	23	27	41	38	38	40
Payable Days	1	2	2	1	0	1	3	4	3	6

Bansal Wire Industries Ltd Stock News

Bansal Wire Industries Ltd FAQs

What is the share price of Bansal Wire Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of Bansal Wire Inds. on 20-Sep-2024 16:01 is ₹430.0.

What is the market cap of Bansal Wire Inds.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of Bansal Wire Inds. stood at ₹6,665.4.

What is the P/E ratio of Bansal Wire Inds.?

The latest P/E ratio of Bansal Wire Inds. as of 20-Sep-2024 16:01 is 97.41.

What is the P/B ratio of Bansal Wire Inds.?

The latest P/B ratio of Bansal Wire Inds. as of 20-Sep-2024 16:01 is 5.92.

What is the 52-week high and low of Bansal Wire Inds.?

The 52-week high of Bansal Wire Inds. is ₹460.4 and the 52-week low is ₹325.1.

What is the TTM revenue of Bansal Wire Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bansal Wire Inds. is ₹2,284 ( Cr.) .

About Bansal Wire Industries Ltd

The company was originally incorporated as a private limited company under the name of “Bansal Wire Industries Private Limited” on December 11, 1985, under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the RoC. Thereafter, the company was converted into a public limited company pursuant to a resolution passed by its Board at its meeting held on September 5, 1995 and a special resolution passed by its Shareholders at their annual general meeting held on September 29, 1995, and the name of the company was changed to “Bansal Wire Industries Limited”, and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued by the RoC on November 13, 1995.

Bansal Wire Industries operates in three broad segments, i.e., high carbon steel wire, mild steel wire (low carbon steel wire) and stainless steel wire and it will be also adding new segment of specialty wires through its manufacturing plant in Dadri, which will help it to grow and expand its market presence in upcoming fiscals. The extensive range of its products include sizes as thin as 0.04 mm to as thick as 15.65 mm like high carbon steel wires for springs, wire for ropes, mild steel wires (low carbon steel wires), stainless steel wires, cold heading quality wires, cable armoring wires and strips, galvanized steel wires in high/ mild steel wire (low carbon steel wire) in wide range of, zinc coating, profile/ shaped wires in various steel grades in different cross sections etc.

Business area of the company

Bansal Wire Industries (BWIL) is a closely held public limited company incorporated on December 11, 1985, into manufacturing of various kind of wires which have multiple application across sectors including power and cable, automotive, fencing, infrastructure, agriculture, consumer durables, general engineering. The company manufactures high and low carbon steel wires/ galvanized wire / cable armoring wires and strips / stainless steel wires / profile, shaped wires, speciality wires and so on which have multiple application.

Key awards, accreditations or recognitions

2013: Received a certificate of appreciation to commemorate 26 years of association by Tata Steel.
2023: Received an appreciation award from Tata Steel.
2023: Recognized as the Most Collaborative Partner for Fiscal Year 2023 under the Springs Category by Tata Steel.

Major events and milestones

1985: Incorporation of the company as Bansal Wire Industries Private Limited.
1995: Commenced production of stainless-steel wires.
2003: Commenced manufacturing of galvanized wire.
2007: Commenced production of high carbon wires.
2009: Commenced operations at manufacturing facility, at Unit-III, B-5,6, Site-2, Loni Road Industrial Area, Mohan Nagar, District:- Ghaziabad.
2015: Launched new products such as non-alloy steel wire for the automotive industry.
2022: Recorded export sales of over Rs 3,850 million.
2023: Acquisition of Subsidiary.
2024: Commenced production at Dadri facility.