Published: 03rd July 2024
Incorporated in 1985, Bansal Wire is a steel wire maker operating in three main segments: high-carbon steel wire, mild-carbon steel wire, and stainless steel wire.
Total IPO size (Rs cr) 745 Offer for sale (Rs cr) - Fresh issue (Rs cr) 745 Price band (Rs) 243-256 Subscription dates July 3-5, 2024 Purpose of issue Loan repayment and working capital requirement
M-cap (Rs cr) 4007.8 Net worth (Rs cr) 1167.4 Promoter holding (%) 77.97 Price-to-earnings ratio (P/E) 50.9 Price-to-book ratio (P/B) 3.4
Key financials (Rs cr) 2Y CAGR (%) FY24 FY23 FY22 Revenue 5.9 2466 2413 2198 EBIT 15.6 131 96 98 PAT 17.3 79 60 57 Net worth 37.6 422 283 223 Total debt 28.4 681 422 413
Ratios 3Y average FY24 FY23 FY22 ROE (%) 24.9 21.2 23.7 29.9 ROCE (%) 14.7 14.5 14.3 15.4 EBIT margin (%) 4.6 5.3 4 4.5 Debt-to-equity 1.7 1.6 1.5 1.9
Bansal Wire has a diversified customer base of over 5,000 customers and it retained almost 90 per cent of its top 300 customers during FY22-FY24.
Its concentrated manufacturing capacity and the highly competitive market are among key risks that plague its prospects. Click on the link below to read the company's complete risk report.