DAM Capital has initiated coverage on Bansal Wire Industries Ltd with a ‘Buy’ call and target price of ₹481/share, citing its leadership in the steel wire industry and ambitious growth plans.
Bansal Wire is the second-largest player in steel wire and the largest in stainless-steel wire. The company has embarked on a 62% capacity expansion, expected to significantly enhance scale and profitability.
DAM Capital forecasts robust growth, projecting CAGR of 31% in revenue, 35% in EBITDA, and 38% in PAT over FY25–27, as capacity utilization ramps up and the new facilities begin contributing.
Disclaimer: The views and target prices mentioned are as stated by DAM Capital and do not represent the opinions or recommendations of this publication. Investors are advised to consult their financial advisors before making any investment decisions.
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