Bansal Wire Industries Ltd stock was listed in NSE and BSE in July 2024. In NSE, the stock opened at Rs. 356 and is currently trading at Rs. 354 (after market closing, as of 23 August). The Bansal Wire IPO price was also set to Rs. 243 to Rs. 256. The stock is listed at a premium of more than 40% which is amazing. If you are still holding the stock, Bansal Wire Share Price Target for 2024, 2025, and 2026 may help you get good long-term returns.
Bansal Wire Industries Ltd is the largest player in stainless steel wire manufacturing. The company also manufactures high-carbon steel wires and low-carbon steel wires (mild-steel wires).
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About Bansal Wire Industries Ltd
Bansal Wire Industries Ltd is the largest manufacturer of stainless steel wire and the second largest manufacturer of steel wires in India. The company was established in 1938 and its current managing director is Mr. Pravnav Bansal.
Bansal Wire is involved in the business of wire manufacturing and it manufactures various types of wires like stainless steel wire, high carbon steel wires, and low carbon steel wires (mild steel wires).
Stainless Steel Wire
There are a lot of products around us that are made of stainless steel. As it comes with a long life and does not rust. It is the quality of the stainless steel behind the massive demand. There are many products that Bansal Wire Industries Ltd manufactures using stainless steel.
There are more than 150 grades of stainless steel and the company shares grades of stainless steel that they use for different products manufacturing. You can check the product’s specifications and particulars on their official website.
- Spring Wires
- Welding Wires
- Scrubber Wires
- Cold Heading Wires
- Kitchen Ware & Utensils
- Heat Resisting Wires (Conveyor Belts)
- Rope Wires (Auto Cable Inner & Outer)
- Fine Wires Weaving, Braiding Hoses, Filters & Sieves Wires
High Carbon Steel Wires
Bansal Wire Industries Ltd company also manufactures high-carbon steel wires. The high carbon steel is known for its super strength, hardness, and durability. There are many products that the company manufactures under the high-carbon steel wires.
- Rope Wires
- Spring Steel Wires
- Automotive Control Cables
LowCarbon Steel Wires
LowCarbon Steel Wires also known as Mild steel wires. LowCarbon Steel products are known for their ductility, malleability, weldability, and versatile nature. The company manufactures mild steel wires in the range of 0.10 mm to 16.00 mm.
Here are some products that the Bansal Wire Industries Ltd company manufactures under the LowCarbon Steel Wires.
- Bright Wire
- Galvanized Wire
- Cable Armouring Wire
- Electro Galvanized Wire
Bansal Wire Industries Ltd’s Scrip Info
| NSE | BANSALWIRE |
| BSE | 544209 |
| ISIN | INE0B9K01025 |
| SECTOR | STEEL |
Company Analysis
Below you’ll find Bansal Wire Industries Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹71 |
| Sep 2023 | NA |
| Dec 2023 | NA |
| Mar 2024 | ₹20 |
| Jun 2024 | ₹26 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹26 |
| Mar 2021 | ₹40 |
| Mar 2022 | ₹57 |
| Mar 2023 | ₹60 |
| Mar 2024 | ₹68 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹5,517Cr | ROE | 17.43% |
| P/E Ratio (TTM) | 71.48 | EPS (TTM) | 4.93 |
| P/B Ratio | 4.73 | Div. Yield | 0.00% |
| Industry PE | 23.84 | Book Value | 74.57 |
| Debt to Equity | 1.61 | Face Value | 5 |
| Held By | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| FIIs | NA | NA | 2.30% |
| DIIs | NA | NA | 13.07% |
| Public | NA | NA | 6.67% |
| Promoters | NA | NA | 77.97% |
| Other Holders | NA | NA | 0.00% |
Key Insights
- Company with low debt.
- Focus only on a limited area.
- No shareholding data is available.
- Largest stainless steel manufacturer.
- Bansal Wire Industries Ltd is a profitable company.
- No quarterly result data is available as the company listed recently.
- As per available data, the net profit of the company increasing consistently.
Quarterly Result – Jun 2024
Bansal Wire Industries Ltd is a small-cap company but still it is a profitable company. In the NSE and BSE, it was listed at a high premium.
Currently, there are 3 quarterly results data available and the data clearly shows that the revenue and sales of the company are improving.
Bansal Wire Share Price Target
As the stock is recently in the stock market, that’s why enough data on the company is not available publically. In the next few quarters, we may get some more data to analyze the stock and predict Bansal Wire’s share price target for 2024, 2025, and 2026 for investments and educational purposes.
The Bansal Wire Industries Ltd stock is listed at a good premium of more than 40% as of the 23 August market closing. This is because it is a profitable company and it is a strong player in stainless steel wire and carbon wire manufacturing in India. For investing in the industry, it can be a good stock as it is financially and fundamentally stable and improving.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹390 | ₹400 |
| 2025 | ₹425 | ₹460 |
| 2026 | ₹450 | ₹500 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Bansal Wire Share Price Target 2024
On 10 July 2024, the Bansal Wire Industries Ltd company’s stock was listed in the NSE and BSE. The stock is listed at a high premium but no major profit booking is seen as of now. It suggests that the company’s business model, financials, and fundamentals are strong.
In the Bansal Wire share price target for 2024, there can be an opportunity for the short term i.e. if the stock breaks its resistance of Rs. 371 then the stock can surge 5% to 10% very easily.
If the stock breaks its mentioned high, you can buy it with a near support stop loss. It is a small-cap stock so, if it starts moving in our direction then it can easily give good returns. In the trade, you may see targets of Rs. 390 to Rs. 400.
Bansal Wire Share Price Target 2025 and 2026
As the stock listed recently, the fundamentals, financials, shareholding, etc. are now known properly. That is why making any decision based on its fundamentals is tough and risky in the long term.
However, you should not invest in any stock that is listed recently or near its all-time high. This is because there is a very high chance of correction or profit booking in the Bansal Wire Industries Ltd’s stock.
On the other side, the business of the company is good and it is the market leader in the industry. Various types of products are highly demanded in individual homes and industries/companies.
So, as per the business model, the stock is good for long-term investing but it is not the correct time to invest in the Bansal Wire stock. It is because in the upcoming months, the stock may be correct and you can get it at a discounted price.
The estimated Bansal Wire’s share price target for 2025 and 2026 is Rs. 450 to Rs. 500. The share price target depends on the various events and news so, the targets change timely.
FAQs
Bansal Wire Industries is one of the best companies as it is profitable and consistently making profits. The annual earnings of the company are also increasing.
In short, it is a good company but while investing make sure you are investing in the stock at a discounted price and at least 10% low from its 52-week high or all-time high.
Bansal Wire Industries Ltd is listed at a very high premium and currently trading near its listing price. It suggests that the company is financially and fundamentally strong.
The stock is in a range, it’s a makeover level from where the stock can go any side. If it breaks its all-time high then probably you can expect a target of Rs. 390 to Rs. 400 easily.
In stainless steel wire manufacturing Bansal Wire Industries Ltd is the largest player in the industry. The net profit or earnings of the company is increasing.
So, if you want to invest in the industry/sector then it is a good company. We recommend you invest based on the technical analysis as the stock can fall in the future due to profit bookings.
Final Words
Bansal Wire Industries Ltd company was established in 1938. The company is involved in the manufacturing of stainless steel, low-carbon steel, and high-carbon products. In the industry/sector, the company is one of the major players and the largest player in stainless steel wire manufacturing. It is a profitable company and the Bansal Wire share price target for 2024, 2025, and 2026 prediction is amazing.
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