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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,136 Cr
verified against source
Revenue YoY
21%
reported change
EBITDA
₹80 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Bansal Wire reported Q4 FY26 revenue of ₹1,136 crore (+21% YoY) and PAT of ₹40 crore (+21% YoY), with EBITDA margin at 7.0%. Volume grew 20% YoY to 1.17 lakh MT, though sequential decline due to natural gas supply disruption in March. Full-year volume hit a record 4.58 lakh MT (+33% YoY). Management highlighted a subdued start to FY27 due to ongoing gas issues and sluggish demand outside automotive, but reiterated a 20% growth target once conditions normalize. Steel cord trial orders are expected soon from top tire companies, with commercial ramp-up possible in H2. Capex guided at ₹150-200 crore for FY27, adding ~1.2 lakh MT capacity at Dadri. Key risk: sustained gas price escalation and demand weakness could pressure near-term margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to return to 20% growth trajectory after geopolitical and gas supply disruptions subside.
- Majority of cash flow to be reinvested; capacity to increase from 6.8 lakh MT to ~8.5 lakh MT by year-end.
- First trial order from top tire company; regular supply expected later in the fiscal year.
Risks flagged
- Gas prices remain elevated (50-300% increase), impacting production and margins; Q1 FY27 volumes expected at 80-85% of normal.
- Consumer durables and infrastructure demand sluggish due to steel price hikes and geopolitical uncertainty.
- Fire incident caused 6-month delay; global players like Bekaert expanding, and new entrants could pressure pricing.
Key quotes
- We were able to generate a cash flow of 333 crores, exceeding our initial target of 250 crores and we remain on track for achieving our total target of 600 crores by 2017.
- Once condition stabilizes, we still expect us to return on our targeted 20% growth trajectory supported by our strategic initiatives and already available capacity.
- We are the only and the first Indian company to start. Therefore, we see a good traction in this product.
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