Bansal Wire Q2 FY27: Record Sales Volume, EBITDA; ROCE at 22.3%
Bansal Wire Industries reported record Q2 FY27 sales volume of 1.29L MT (up 12.5% YoY) and EBITDA of ₹105.0 crore. ROCE improved to 22.3%. The company plans ₹200-225 crore annual capex for the next 5 years, targeting 25%+ ROCE.
The announcement details record financial performance, strategic expansion plans, and a clear roadmap for future growth and profitability. These are material developments that are likely to significantly influence investor perception and the company's stock performance.
The company reported record sales volume and EBITDA, along with significant improvements in ROCE and operating cash flow. The management commentary highlights strong momentum and a clear strategy for future growth, indicating a positive outlook.
Bansal Wire Industries Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported record sales volume, EBITDA, and EBITDA per tonne in Q2 FY27.
In Q2 FY27, sales volume reached 1.29 lakh metric tonnes (MT), a year-on-year increase of 12.5% and a 15.1% increase over Q1 FY27. EBITDA rose to ₹105.0 crore, and EBITDA per tonne reached ₹8,150, both historical highs. This performance was attributed to a richer product mix and improved efficiency at the Dadri plant. Value-added products are gaining traction, with the IHT wire commissioned and Steel Tyre Cord receiving trial orders.
The company's overall utilization increased to 74% in Q2 FY27 from 68% in FY26, leading to lower operating costs per tonne. Operating cash flow for H1 FY27 was ₹339 crore, surpassing the ₹333 crore generated in all of FY26. Working capital days reduced from 75 to 49 over the last two quarters. ROCE for Q2 FY27 stood at 22.3%, compared to 15.4% in FY26, with a target of 25% ROCE.
For H2 FY27, the company will focus on higher utilization at the Dadri plant and a richer product mix, funded primarily by internal accruals. The company plans capital expenditure of ₹200-225 crore annually for the next five years, funded through internal accruals, to support growth. Expansion plans include enhancing capacity at Dadri (60K MT) and Sanand (90K MT), and increasing specialty lines capacity for IHT and OHT to 15,000 MTPA. The company targets a 25%+ ROCE and cumulative OCF of ₹800+ crore over FY27 & FY28, with an estimated 20% EBITDA growth CAGR.
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