D P Wires Ltd

D P Wires Ltd

₹ 426 -0.91%
28 Mar - close price
About

D P Wires Ltd is engaged in the manufacturing of Steel Wires, Plastic Products, Laying of Plastic Films, Acting as a Commission Agent and Generation of Power through Wind Mill [1]

Key Points

Product Portfolio
The products of the Co. are LRPC Strand Wires, Geomembrane, Plastic Film Sheet, Spring Steel Wires, and Galvanized Steel Wires, PE Film, Plastic Films, Pond Lining Film, HDPE Film, Cap Covers, Wires, etc. [1] [2] [3] [4]

  • Market Cap 659 Cr.
  • Current Price 426
  • High / Low 681 / 307
  • Stock P/E 15.9
  • Book Value 137
  • Dividend Yield 0.25 %
  • ROCE 32.0 %
  • ROE 23.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.1% CAGR over last 5 years
  • Debtor days have improved from 42.4 to 26.1 days.
  • Company's median sales growth is 22.6% of last 10 years
  • Company's working capital requirements have reduced from 64.0 days to 37.9 days

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
143.55 184.07 142.35 132.22 160.34 178.33 200.42 283.96 344.29 386.64 265.93 273.14 252.06
132.51 172.02 131.54 123.61 148.43 168.99 189.50 271.96 332.23 366.81 250.26 262.69 244.60
Operating Profit 11.04 12.05 10.81 8.61 11.91 9.34 10.92 12.00 12.06 19.83 15.67 10.45 7.46
OPM % 7.69% 6.55% 7.59% 6.51% 7.43% 5.24% 5.45% 4.23% 3.50% 5.13% 5.89% 3.83% 2.96%
1.17 0.07 0.30 0.57 0.61 1.26 0.55 1.11 1.77 2.56 1.47 3.35 2.82
Interest 0.55 0.21 0.20 0.76 0.73 0.44 0.56 0.28 0.56 0.61 1.33 0.63 0.70
Depreciation 0.55 0.75 0.53 0.57 0.64 0.74 0.77 0.78 0.89 1.02 0.96 1.01 1.00
Profit before tax 11.11 11.16 10.38 7.85 11.15 9.42 10.14 12.05 12.38 20.76 14.85 12.16 8.58
Tax % 31.86% 25.63% 26.20% 23.95% 24.39% 25.90% 24.85% 25.06% 24.88% 27.41% 25.19% 25.49% 26.34%
7.57 8.30 7.66 5.97 8.43 6.99 7.61 9.03 9.31 15.06 11.11 9.06 6.32
EPS in Rs 4.88 5.35 4.94 3.85 5.44 4.51 4.91 5.83 6.01 9.72 7.17 5.85 4.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
76 96 93 138 159 195 207 332 284 467 613 1,215 1,178
74 92 89 134 154 186 191 306 261 434 573 1,161 1,124
Operating Profit 2 4 4 4 6 9 16 26 23 33 41 55 53
OPM % 2% 4% 4% 3% 4% 5% 8% 8% 8% 7% 7% 5% 5%
2 1 1 1 1 2 1 2 2 3 3 6 10
Interest 2 2 2 2 2 3 1 2 1 1 2 2 3
Depreciation 1 1 1 1 1 1 1 2 2 2 2 3 4
Profit before tax -0 2 2 2 3 7 15 24 22 32 39 55 56
Tax % 8% 13% 26% 20% 24% 29% 34% 28% 25% 26% 25% 26%
-0 1 1 2 2 5 10 17 17 24 29 41 42
EPS in Rs -0.38 4.97 4.31 5.76 7.55 17.31 6.34 11.24 10.77 15.54 18.74 26.46 26.82
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 4%
Compounded Sales Growth
10 Years: 29%
5 Years: 42%
3 Years: 62%
TTM: 17%
Compounded Profit Growth
10 Years: 34%
5 Years: 33%
3 Years: 35%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: 47%
3 Years: 66%
1 Year: 37%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 22%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 2 2 14 14 14 14 14 14 14
Reserves 14 15 16 18 20 25 51 68 85 109 138 178 198
13 20 7 8 24 30 6 23 3 8 13 2 31
11 7 4 22 22 23 26 17 24 23 31 58 68
Total Liabilities 40 45 31 50 68 81 96 122 125 154 196 251 310
6 5 5 6 8 8 8 16 23 23 28 31 32
CWIP 0 1 0 0 0 0 0 3 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
34 39 26 45 60 73 88 103 102 131 168 220 278
Total Assets 40 45 31 50 68 81 96 122 125 154 196 251 310

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 -0 6 1 -2 2 -12 -5 38 -12 4 46
-0 0 1 -1 -3 0 -3 -9 -17 12 -5 -6
-5 -1 -6 1 6 -2 15 14 -21 4 3 -15
Net Cash Flow 0 -1 0 2 1 -0 -0 -0 0 3 3 25

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 81 47 64 61 58 46 50 60 49 52 26
Inventory Days 41 17 32 33 47 61 58 43 42 25 35 17
Days Payable 15 21 9 57 49 36 15 13 17 4 7 7
Cash Conversion Cycle 88 77 70 40 59 84 90 81 84 70 80 35
Working Capital Days 105 117 78 52 79 89 104 91 81 78 76 38
ROCE % 6% 13% 13% 15% 14% 19% 25% 30% 23% 29% 28% 32%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.37% 70.37% 70.37% 70.40% 70.40% 70.40% 70.40% 70.40% 74.75% 74.75% 74.75% 74.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.21% 0.00% 0.00%
29.62% 29.62% 29.62% 29.60% 29.60% 29.60% 29.60% 29.60% 25.25% 25.03% 25.25% 25.20%
No. of Shareholders 1,7123,1106,2814,9504,4664,9485,7306,2477,0238,98112,42816,811

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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