Shares of Bansal Wire Industries, one of the leading steel wire manufacturing companies by volume in Asia, jumped sharply by 10% to the day’s high of ₹257.40 apiece in Thursday’s trading session, April 2, following its business update for the March quarter.
The company, in its regulatory filing on Wednesday, said it registered its highest-ever sales volume of 1,17,644 metric tonnes (MT) in Q4FY26, compared with 1,14,600 MT in the same period last year.
However, the company said it experienced a temporary disruption in the supply of industrial gases across India due to ongoing geopolitical tensions in the West Asian region, which marginally impacted volumes, though they remained at healthy levels.
For the fiscal year ended March 31, the company’s sales stood at 4,58,054 MT, compared with 3,44,710 MT in FY25, as per Wednesday’s filing.
In the December quarter (Q3FY26), the company reported a 11.3% year-on-year (YoY) growth in revenue to ₹1,029 crore, with EBITDA rising 18% YoY to ₹85 crore. Net profit, however, came in flat at ₹43 crore.
During the quarter, the company said it made significant progress in its specialty segment with IHT Wire, which was launched in October 2025. It also stated that it successfully received customer approvals and commenced commercial production and sales during the quarter, well ahead of its original FY26 year-end target.
The company further noted that its cash flow generation has improved meaningfully, with approximately 80–90% of its FY26 target already achieved. Supported by strong demand visibility and disciplined execution, it remained confident of delivering 35% volume growth and 20% EBITDA growth for the full year, while continuing to improve asset turns and ROCE.
Bansal Wire Industries share price trend
The company’s shares have remained under pressure since August 2025, declining 43% through the end of March. The shares debuted on the Indian stock market in July 2024, listing at a 37% premium at ₹350 apiece over the IPO price of ₹256.
Although the company maintained its listing momentum in the subsequent months, reaching an all-time high of ₹502.20 in December 2024, the rally soon faded, and the sell-off intensified thereafter, leaving the stock trading 53.4% lower from that level.
In terms of yearly performance, the stock ended CY25 with a negative return of 31.6%. The company is the largest stainless steel wire manufacturing company and the second-largest steel wire manufacturing company by volume.
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