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D P Wires (DPWIRES)₹177.60−2.34%Iron & Steel Products
In the Mar 2026 quarter (standalone), D P Wires reported sales of ₹129 Cr, down 6.2% from Mar 2025, and net profit of ₹9.38 Cr, up 132.8% year on year. For the year to Mar 2026, sales were ₹480 Cr and net profit ₹17.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 266 | 273 | 253 | 208 | 183 | 145 | 154 | 137 | 126 | 130 | 95.08 | 129 |
| Expenses | 250 | 262 | 244 | 195 | 173 | 139 | 149 | 132 | 122 | 130 | 91.58 | 119 |
| Operating Profit | 15.65 | 10.42 | 9.16 | 13.58 | 10.14 | 5.94 | 5.18 | 4.97 | 3.82 | 0.12 | 3.52 | 9.75 |
| OPM % | 5.9% | 3.8% | 3.6% | 6.6% | 5.6% | 4.1% | 3.4% | 3.6% | 3.1% | 0.1% | 3.7% | 7.6% |
| Other Income | 1.46 | 3.34 | 1.09 | 0.90 | 0.63 | 2.85 | 3.06 | 2.32 | 2.19 | 2.65 | 1.84 | 3.77 |
| Interest | 1.32 | 0.62 | 0.69 | 0.27 | 0.29 | 0.14 | 0.46 | 0.51 | 0.34 | 0.25 | 0.20 | 0.22 |
| Depreciation | 0.95 | 1.00 | 0.99 | 1.07 | 0.92 | 0.93 | 0.95 | 0.94 | 0.79 | 0.82 | 0.83 | 0.30 |
| Profit before tax | 14.84 | 12.17 | 8.57 | 13.16 | 9.58 | 7.74 | 6.82 | 5.85 | 4.89 | 1.71 | 4.34 | 13.02 |
| Tax % | 25.2% | 25.5% | 26.3% | 25.4% | 24.9% | 22.1% | 27.6% | 30.8% | 26.2% | 29.4% | 21.7% | 27.8% |
| Net Profit | 11.10 | 9.05 | 6.31 | 9.81 | 7.18 | 6.01 | 4.95 | 4.03 | 3.59 | 1.19 | 3.38 | 9.38 |
| EPS (Rs) | 7.15 | 5.83 | 4.07 | 6.32 | 4.63 | 3.87 | 3.19 | 2.60 | 2.31 | 0.76 | 2.18 | 6.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 159 | 195 | 207 | 331 | 283 | 466 | 612 | 1,214 | 1,002 | 619 | 480 | 480 |
| Expenses | 154 | 186 | 191 | 305 | 261 | 433 | 572 | 1,158 | 950 | 593 | 462 | 463 |
| Operating Profit | 5.98 | 8.98 | 15.96 | 25.93 | 22.96 | 32.95 | 40.90 | 54.90 | 49.87 | 25.96 | 16.97 | 17.21 |
| OPM % | 3.7% | 4.8% | 8.0% | 8.0% | 8.1% | 7.0% | 7.0% | 4.6% | 5.0% | 4.2% | 3.6% | 3.6% |
| Other Income | 0.99 | 1.99 | 0.99 | 1.99 | 1.99 | 2.99 | 2.99 | 4.98 | 4.99 | 8.97 | 9.97 | 10.45 |
| Interest | 1.99 | 2.99 | 0.99 | 1.99 | 0.99 | 0.99 | 1.99 | 1.99 | 2.99 | 0.99 | 0.99 | 1.01 |
| Depreciation | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 3.99 | 3.99 | 2.99 | 2.74 |
| Profit before tax | 2.99 | 7.01 | 15.01 | 23.98 | 21.99 | 32.01 | 38.99 | 54.95 | 48.99 | 30.01 | 24.01 | 23.96 |
| Tax % | 24.0% | 29.0% | 34.0% | 28.0% | 25.0% | 26.0% | 25.0% | 26.0% | 26.0% | 26.0% | 26.0% | — |
| Exceptional items | 0.00 | 0.02 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.99 | 4.99 | 9.99 | 16.97 | 16.99 | 23.96 | 28.98 | 40.96 | 35.98 | 21.97 | 17.99 | 17.54 |
| EPS (Rs) | 7.53 | 17.26 | 6.32 | 11.19 | 10.73 | 15.48 | 18.68 | 26.36 | 23.36 | 14.26 | 11.30 | 11.29 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.0% | 4.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.99 | 1.99 | 2.00 | 14.02 | 14.02 | 14.00 | 14.00 | 14.01 | 14.00 | 16.00 | 16.03 | 16.02 |
| Reserves | 17.95 | 19.98 | 25.01 | 51.05 | 68.08 | 84.99 | 109 | 138 | 178 | 211 | 233 | 251 |
| Borrowings | 7.98 | 23.97 | 29.99 | 6.01 | 23.02 | 3.00 | 8.00 | 13.01 | 2.00 | 1.00 | 28.05 | 2.00 |
| Other Liabilities | 22.11 | 22.11 | 23.11 | 26.12 | 17.08 | 24.12 | 23.11 | 31.14 | 58.28 | 35.16 | 22.11 | 20.09 |
| Total Liabilities | 50.03 | 68.05 | 81.11 | 96.20 | 122 | 125 | 154 | 196 | 251 | 262 | 300 | 289 |
| Fixed Assets | 5.98 | 7.97 | 7.98 | 7.98 | 15.95 | 22.93 | 22.91 | 27.90 | 30.90 | 31.87 | 31.88 | 21.91 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 |
| Other Assets | 45.05 | 60.08 | 73.13 | 88.22 | 103 | 102 | 131 | 168 | 221 | 230 | 265 | 267 |
| Inventories | 10.02 | 16.03 | 26.05 | 25.08 | 30.06 | 25.08 | 25.06 | 47.08 | 50.14 | 28.05 | 28.06 | 11.02 |
| Trade receivables | 24.09 | 27.07 | 31.13 | 26.08 | 46.18 | 46.17 | 62.17 | 88.33 | 87.32 | 98.39 | 62.17 | 52.19 |
| Cash & equivalents | 1.99 | 3.99 | 1.99 | 2.99 | 1.99 | 12.96 | 4.98 | 7.98 | 32.88 | 46.86 | 3.98 | 30.90 |
| Total Assets | 50.03 | 68.05 | 81.11 | 96.20 | 122 | 125 | 154 | 196 | 251 | 262 | 300 | 289 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.99 | −1.99 | 1.99 | −11.98 | −4.99 | 37.92 | −11.98 | 3.99 | 45.96 | 23.97 | 51.91 | 27.96 |
| Cash from investing activity | −0.99 | −2.99 | 0.00 | −2.99 | −8.99 | −16.97 | 11.99 | −4.99 | −5.99 | −3.99 | −120 | 26.96 |
| Cash from financing activity | 1.01 | 6.02 | −2.01 | 15.05 | 14.06 | −21.09 | 4.02 | 3.01 | −15.06 | −6.02 | 25.08 | −26.12 |
| Net cash flow | 2.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 3.01 | 25.05 | 13.03 | −43.10 | 28.06 |
| Capex | 1.58 | 3.81 | 1.39 | 1.19 | 3.66 | 4.11 | 1.66 | 7.43 | 7.14 | 5.01 | 0.89 | 0.92 |
| Free cash flow | −0.99 | −4.98 | 0.00 | −12.96 | −11.96 | 37.84 | −2.99 | −2.99 | 37.88 | 18.93 | 50.85 | 34.91 |
| CFO / OP % | 22.9% | −21.1% | 40.9% | −43.1% | 18.9% | 183.0% | −10.1% | 33.9% | 103.9% | 75.9% | 225.9% | 196.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 65 | 62 | 59 | 47 | 51 | 61 | 50 | 53 | 27 | 37 | 38 | 40 |
| Inventory days | 33 | 47 | 61 | 58 | 43 | 42 | 25 | 35 | 17 | 12 | 19 | 9 |
| Days payable | 56 | 48 | 35 | 14 | 12 | 16 | 3 | 6 | 6 | 8 | 4 | 1 |
| Cash conversion cycle | 39 | 58 | 83 | 89 | 80 | 83 | 69 | 79 | 34 | 38 | 49 | 46 |
| Working capital days | 52 | 54 | 58 | 98 | 70 | 80 | 74 | 69 | 38 | 52 | 50 | 72 |
| ROCE % | 15.1% | 14.1% | 19.1% | 25.1% | 30.1% | 23.0% | 29.1% | 28.1% | 32.1% | 25.0% | 12.1% | 9.0% |
For the Mar 2026 quarter, D P Wires reported sales of ₹129 Cr, down 6.2% year on year and net profit of ₹9.38 Cr, up 132.8% year on year. The operating margin was 7.6%.
D P Wires' sales for the year to Mar 2026 were ₹480 Cr; over the last twelve months they were ₹480 Cr.
Net profit for the year to Mar 2026 was ₹17.99 Cr, and ₹17.54 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.29.
D P Wires reported borrowings of ₹2 Cr at Mar 2026, against cash and equivalents of ₹30.90 Cr.
Cash from operations was ₹27.96 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹34.91 Cr.