D P Wires Limited (DPWIRES)

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D P Wires Limited (DPWIRES) · mywealthgrid

About

D P Wires Limited manufactures iron and steel products serving the Indian industrials sector. With a market capitalization of ₹252.12 Cr, it operates as a small-cap player generating quarterly revenues in the ₹95–154 Cr range.

Face value: ₹10

Market cap

₹254 Cr

P/E

13.6×

P/B

1.0×

Dividend yield

ROE

6.8%

ROCE

9.7%

Debt / equity

0.01

OPM

3.5%

EPS (TTM)

₹12.1

Book value

₹171.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin swung from 0.02% (Sep 2025) to 7.39% (Mar 2026)—a 737 basis point swing—indicating operational or cost control inconsistency.
Revenue fell 27% quarter-over-quarter from ₹129.94 Cr (Sep 2025) to ₹95.22 Cr (Dec 2025), signaling cyclical or demand sensitivity.
Thin overall OPM of 3.46% leaves minimal buffer against input cost inflation or competitive pressure; verify steel hedging and customer contract terms.
Stock price fell 46% from ₹299.98 (52w high) to ₹162.66 (current), suggesting market concern; verify what triggered the decline.

Generated analysis · source review pending

Growth drivers

Mar 2026 OPM of 7.39% vs. 3.46% average demonstrates margin expansion potential; verify what drove the spike and sustainability.
Revenue stabilized at ₹129–130 Cr (Sep 2025–Jun 2026) after Dec 2025 trough of ₹95.22 Cr; verify if this reflects demand recovery or sectoral cycle.
D/E ratio of 0.01 indicates very low debt and capacity for growth capex or acquisitions; verify management deployment strategy.
ROE of 6.83% on a low-leverage capital base suggests operational headwinds; verify if this is cyclical or structural and normalization potential.

Generated analysis · source review pending

1,879 historical price candles were omitted because the exchange source has not been verified.

₹164.0+2.1%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 24×
+High promoter holding of 74.8% with no pledge

Cons

−Thin operating margin of 3.5%
−Profit declined 6.1% a year over the last 5 years
−Modest revenue growth of 0.6% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 45
Growth: 32
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	283	466	612	1,215	1,002	620	480
COGS	220	378	505	1,084	886	541	414
Gross profit	63	88	108	131	116	79	66
	41	55	68	77	66	53	50
	22	33	40	54	50	26	17
OPM %	8%	7%	6.5%	4.5%	5%	4.1%	3.5%
Depreciation	2	2	2	3	4	4	3
Interest	1	1	2	2	3	1	1
	3	3	4	7	6	10	11
Profit before tax	22	32	39	55	49	30	24
Tax	6	8	10	14	12	8	6
Tax %	25%	25.7%	25.1%	25.9%	25.5%	25.9%	26.5%
	17	24	29	41	36	22	18
PAT margin %	5.9%	5.2%	4.7%	3.4%	3.6%	3.6%	3.7%
EPS (₹)	12.3	17.8	21.4	30.2	23.4	14.3	11.3
EPS adjusted (₹)	—	—	18.7	26.4	23.4	14.3	11.3
Annual report	—	—	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	16	16	16
Reserves	138	178	211	233	251
	13	2	1	28	2
	31	58	35	23	20
Total equity & liabilities	196	251	262	299	289
	16	20	21	18	8
CWIP	—	0	0	0	0
Investments	—	11	11	16	14
	180	220	230	264	267
Total assets	196	251	262	299	289

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-12	4	46	24	52	28
	12	-5	-6	-4	-120	27
	4	3	-15	-6	25	-27
Net cash flow	3	3	25	13	-43	28
Free cash flow	-14	-3	38	19	51	27
CFO / Operating profit %	-37.4%	11.3%	84.3%	47.4%	202.2%	169%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Wire Division	358.81	60.48	93.29	9.95	83.34	72.57
Others (Trading)	121.15	-8.9

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	22.3%	18.8%	17.6%	10.7%	11.6%	12.7%	13.8%
EBITDA margin %	8%	7%	6.5%	4.5%	5%	4.1%	3.5%
EBIT margin %	7.3%	6.5%	6.1%	4.2%	4.6%	3.5%	2.9%
PAT margin %	5.9%	5.2%	4.7%	3.4%	3.6%	3.6%	3.7%
Working capital
Receivable days	—	—	52	26	36	37	39
Inventory days	—	—	34	17	11	19	9
Payable days	—	—	0	7	9	5	2
NWC days	—	—	86	35	39	50	47
Leverage
Current ratio	—	—	4.01	3.69	6.43	2.84	6.73
Debt to EBITDA	—	—	0.32	0.03	0.02	1.08	0.13
Debt to equity	—	—	0.08	0.01	0	0.11	0.01
Interest coverage	17.5	30.5	19.2	28.5	17.6	21.8	24
Asset turnover	—	—	3.12	4.83	3.82	2.08	1.66
Return ratios
Return on assets %	—	—	14.8%	16.3%	13.8%	7.4%	6.1%
Return on capital employed %	—	—	26.5%	33%	24.6%	13.2%	9.7%
Return on equity %	—	—	19.1%	21.4%	16.1%	8.9%	6.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.75%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%	74.78%
	0%	0%	0.01%	0%	0%	0%	0.09%	0%	0.04%	0%	0.01%	0%
	0%	0%	0%	0%	0%	0%	0.01%	0.03%	0.03%	0.03%	0.03%	0.04%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.25%	25.22%	25.21%	25.22%	25.22%	25.22%	25.12%	25.19%	25.15%	25.19%	25.18%	25.18%
No. of shareholders	—	—	—	—	—	—	—	—	23,536	22,635	21,639	22,031

Promoter holding up 0.03 percentage points since Sep 2023.

29 deals · 5 Aug 2021 – 23 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Jun 2026	AMITABH HARIVANSH RAI BACHCHAN	Bulk	NSE	Sell	1,23,622	₹200.84	₹2.48 Cr
23 Jun 2026	AMITABH HARIVANSH RAI BACHCHAN	Bulk	NSE	Buy	41,566	₹199.90	₹0.83 Cr
5 Sept 2025	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	1,00,005	₹298.23	₹2.98 Cr
5 Sept 2025	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	1,00,000	₹293.16	₹2.93 Cr
5 Sept 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	90,041	₹285.54	₹2.57 Cr
5 Sept 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	90,041	₹285.19	₹2.57 Cr
8 Dec 2023	AMITABH HARIVANSH RAI BACHCHAN	Bulk	NSE	Sell	1,16,576	₹568.41	₹6.63 Cr
8 Dec 2023	AMITABH HARIVANSH RAI BACHCHAN	Bulk	NSE	Buy	1,405	₹559.75	₹0.08 Cr
27 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	85,847	₹699.99	₹6.01 Cr
27 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	85,847	₹699.72	₹6.01 Cr

1–10 of 29

1 / 3

Mr. Anil Kumar MehtaNon-Executive - Independent Director-Chairperson
Mr. Praveen KatariaExecutive Director-MD
Mr. Kantilal KatariaNon-Executive - Non Independent Director
Mr. Arvind KatariaExecutive Director-CEO
Mrs. Madhubala JainNon-Executive - Independent Director
Ms. Suhani KatariaNon-Executive - Non Independent Director
Ms. Krutika MaheshwariCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in D P Wires Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

CREDIT RATING17 Sept 2025

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

1

Bonus 1:78 Nov 2023 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

1 Oct 2026, 5:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 11:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

22 Sept 2026, 6:10 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

8 Sept 2026, 5:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 3:46 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

5 Sept 2026, 7:20 pmAGM/EGM

Notice Of Shareholders Meeting

AGM PDF

5 Sept 2026, 7:14 pmBoard Meeting

Board Meeting Outcome for Approval Of Notice Of AGM Dated 30.09.2026

Outcome of Board Meeting PDF

29 Aug 2026, 5:54 pmBoard Meeting

Board Meeting Intimation for Approval Of Board Report For FY 2025-26 And Date Of AGM

Exchange filing PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 11:54 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	22.3%	18.8%	17.6%	10.7%	11.6%	12.7%	13.8%
EBITDA margin %	8%	7%	6.5%	4.5%	5%	4.1%	3.5%
EBIT margin %	7.3%	6.5%	6.1%	4.2%	4.6%	3.5%	2.9%
PAT margin %	5.9%	5.2%	4.7%	3.4%	3.6%	3.6%	3.7%
Working capital
Receivable days	—	—	52	26	36	37	39
Inventory days	—	—	34	17	11	19	9
Payable days	—	—	0	7	9	5	2
NWC days	—	—	86	35	39	50	47
Leverage
Current ratio	—	—	4.01	3.69	6.43	2.84	6.73
Debt to EBITDA	—	—	0.32	0.03	0.02	1.08	0.13
Debt to equity	—	—	0.08	0.01	0	0.11	0.01
Interest coverage	17.5	30.5	19.2	28.5	17.6	21.8	24
Asset turnover	—	—	3.12	4.83	3.82	2.08	1.66
Return ratios
Return on assets %	—	—	14.8%	16.3%	13.8%	7.4%	6.1%
Return on capital employed %	—	—	26.5%	33%	24.6%	13.2%	9.7%
Return on equity %	—	—	19.1%	21.4%	16.1%	8.9%	6.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

D P Wires Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

1

1

Announcements

Not in the F&O segment

1

1

Announcements

Annual reports

Credit ratings

No fund holdings on record

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

ELECTRIC ENERGY THROUGH WIND MILL · revenue

D P Wires Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Board meetings1

Bonus issues1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Bonus issues1

Announcements

Annual reports

Credit ratings

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

ELECTRIC ENERGY THROUGH WIND MILL · revenue

1

1

1

1