Bansal Wire Industries (BANSALWIRE) Q4 24/25 earnings summary

Executive summary

• Achieved exceptional performance in FY25, driven by strong demand in automotive, construction, and engineering sectors, and the launch of specialty wire products like Bead Wire, Hose Wire, and Steel Tyre Cord.

• Completed a successful IPO in July 2024, raising ₹7,450 million and listing on NSE and BSE, consolidating all businesses under a single brand and strengthening leadership in the Indian steel wire industry.

• Operates five manufacturing facilities with a total installed capacity of 5.5 lakh tons per annum, with an additional 1.2 lakh tons to be commissioned by Q2 FY26, targeting a total of 6.7-6.8 lakh tons.

• Focus remains on increasing the share of value-added products and capturing greater market share in a fragmented industry.

• Audited consolidated and standalone financial results for FY25 were approved, with unmodified opinions from auditors.

Financial highlights

• FY25 consolidated revenue reached ₹35,072 million, up 42.2% year-over-year; EBITDA rose 86.4% to ₹2,782 million; PAT surged 94.5% to ₹1,463.7 million.

• Q4 FY25 revenue grew 33% YoY to INR 940 crores; EBITDA up 59% YoY to INR 75 crores; net profit up 36% YoY to INR 33 crores.

• Basic and diluted EPS (consolidated) for FY25 was ₹9.73, up from ₹5.78 in FY24.

• Export revenue contributed about INR 350 crores, roughly 10% of total revenue.

• Revenue CAGR (FY14-24) was 19.8%, with margin improvements driven by value-added products.

Outlook and guidance

• Volume growth guidance for FY26 is 20%-30%, supported by robust demand and capacity expansion.

• Margins expected to normalize or reduce in FY26 due to a shift in product mix and higher volumes in lower-margin segments.

• Specialty wire verticals (e.g., steel cord, hose wire) expected to contribute meaningfully from FY27 onward.

• Backward integration project in Sanand, Gujarat, with ₹600 crore investment, aims for a 1.8 lakh-tonne steel plant and 60,000-tonne stainless steel wire facility by September 2027.

• IPO proceeds have been fully utilized for debt repayment, working capital, and general corporate purposes, supporting future growth.