“As a company, we’ve grown at 20–25%, and we are targeting similar growth rates in the coming years. This year, we’ve taken a target of 30%,” Bansal said. “Once we hit these numbers, we’re looking at reaching around 10% market share in a short period.”
To support this ambition, Bansal Wire has lined up a ₹600 crore capex for FY26–27. Most of this will go toward backward integration at its Gujarat facility, where the company is setting up a 1.8 lakh tonne steel plant and a 60,000-tonne wire facility. The projects are expected to come on stream by the end of FY27.The company continues to benefit from strong contributions by value-added products, which accounted for 30% of sales in Q1 FY26. During the quarter, EBITDA per tonne came in at ₹7,200—higher than the guided ₹6,500. However, the company is keeping its full-year EBITDA per tonne guidance unchanged. “It is better if we remain with the ₹6,500 per tonne guidance because it’s a very dynamic environment we’re operating in,” Bansal noted.
Bansal Wire is also ramping up capacity at its newly commissioned Dadri facility, which is expected to reach full utilisation within FY26. Its Sanand facility will start operations in FY27, with full utilisation expected in FY28. Historically, the company has maintained 85–90% capacity utilisation, giving it sufficient headroom to meet near-term growth targets.
On the financial front, the company reported a 17% year-on-year increase in EBITDA to ₹72 crore for the June quarter, while revenue rose 15% to ₹939 crore. PAT rose to ₹39 crore from ₹32 crore a year ago, with operating margins improving to 8%.
The company has also strengthened its balance sheet. Debt-to-equity has improved from 1.7x historically to 0.5x currently, and internal accruals will be the primary funding source for the upcoming expansion. “In Q1 alone, we generated ₹100 crore of operating cash flow, and this should only increase each quarter,” Bansal said.
