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D P Wires Q4 FY23 Share Price & Earnings Call Analysis

₹178.83-2.20% today
Market cap
₹276 Cr
P/E
14.76
ROE
6.83%
PEG
-0.60
Price to sales
0.56
Debt to equity
0.01
52W high / low
₹242 / ₹127
Sales growth (5Y)
0.59%
EBITDA margin
3.61%
Net profit margin
3.66%
Promoter holding
74.78%
Sales (last year)
₹485 Cr

Incorporated in 1998, D P Wires Ltd is in the business of manufacturing Steel Wires, Plastic Products, Laying of Plastic Films, and acting as Commission Agent and Generation of Power through Wind Mill[1]

Guidance scorecard · Q4 FY23 call

What D P Wires Ltd's management guided
and where it ranks in Industrial Products

Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY23 call

20–40%
  • DP Wires has been expanding steel wire capacity, commissioning an additional 4,000 MTPA in Oct-22, totaling 84,000 MT, with plans to further approximately double capacity in 5 years.
  • Steel wire sales volumes showed strong growth: Q4FY23 volume at 26,179 MT (up 47% YoY) and FY23 volume at 85,943 MT (up 28% YoY).
  • Net revenue rose sharply, reaching Rs. 12,145 Mn in FY23, up 98% YoY, indicating strong sales growth trends.
  • The company aims for medium to long-term growth via inorganic strategies, product/capacity expansion on owned land, and expanding markets both domestically and internationally.

2 more points from D P Wires Ltd's call on revenue

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Full Q4 FY23 analysis

MarginsQ4 FY23 call

Flat

See what D P Wires Ltd said on margins — free account, 30 seconds.

Full Q4 FY23 analysis

CapexQ4 FY23 call

Planned
  • Company commissioned additional capacity of 4,000 MTPA in Oct-22, totaling 84,000 MT in the Wire Division and 10,000 MT in the Plastic Division.
  • Planning to expand capacities further to enable growth — aiming for ~2x capacity increase in Wire Division and ~3x in Plastic Division over 5 years.
  • Growth strategies include product/capacity expansion with possible expansion on owned land.

2 more points from D P Wires Ltd's call on capex

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Full Q4 FY23 analysis

FundraisingQ4 FY23 call

See what D P Wires Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY23 analysis

Order bookQ4 FY23 call

Ask what D P Wires Ltd said on the order book →

Full Q4 FY23 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does D P Wires Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Financials of D P Wires Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of D P Wires Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +344.29387.21265.93273.14253.79208.67183.46145.09154.56137.82126.14130.0595.28
Expenses +332.23366.81250.26262.69244.61195.05173.30139.13149.37132.84122.31129.9291.75
Operating Profit12.0620.4015.6710.459.1813.6210.165.965.194.983.830.133.53
OPM %3.50%5.27%5.89%3.83%3.62%6.53%5.54%4.11%3.36%3.61%3.04%0.10%3.70%
Other Income +1.771.991.473.351.100.910.642.863.072.332.202.661.85
Interest0.560.611.330.630.700.280.300.150.470.520.350.260.21
Depreciation0.891.020.961.011.001.080.930.940.960.950.800.830.84
Profit before tax12.3820.7614.8512.168.5813.179.577.736.835.844.881.704.33
Tax %24.88%27.41%25.19%25.49%26.34%25.36%24.87%22.12%27.53%30.82%26.23%29.41%21.71%
Net Profit +9.3115.0611.119.066.329.827.196.024.964.043.601.203.39
EPS in Rs6.019.727.175.854.086.344.643.883.202.612.320.772.19

Financials of D P Wires Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +931381591952073322844676131,2161,003621489
Expenses +891341541861913062614345731,161953595477
Operating Profit4469162623334155502612
OPM %4%3%4%5%8%8%8%7%7%5%5%4%3%
Other Income +1112122335599
Interest2223121122311
Depreciation1111122223443
Profit before tax2237152422323955493017
Tax %26%20%24%29%34%28%25%26%25%26%26%26%
Net Profit +1225101717242941362212
EPS in Rs4.315.767.5517.316.3411.2410.7715.5418.7426.4623.4314.327.89
Dividend Payout %0%0%0%0%0%0%0%0%5%4%0%0%

Financials of D P Wires Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital2222141414141414161616
Reserves16182025516885109138178211233238
Borrowings +782430623381321282
Other Liabilities +4222223261724233158352218
Total Liabilities3150688196122125154196251262299274
Fixed Assets +568881623232831323231
CWIP0000030000000
Investments0000000000027
Other Assets +2645607388103102131168220230264235
Total Assets3150688196122125154196251262299274

Financials of D P Wires Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +61-22-12-538-124462452
Cash from Investing Activity +1-1-30-3-9-1712-5-6-4-120
Cash from Financing Activity +-616-21514-2143-15-625
Net Cash Flow021-0-0-00332513-43
Free Cash Flow6-1-50-13-1238-3-3381951
CFO/OP165%23%-21%41%-43%19%183%-10%34%104%76%226%

Financials of D P Wires Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days476461584650604952263637
Inventory Days323347615843422535171219
Days Payable957493615131747795
Cash Conversion Cycle704059849081847080353950
Working Capital Days785254589870807469385250
ROCE %13%15%14%19%25%30%23%29%28%32%25%12%

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What D P Wires Ltd's management said in earlier quarters

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