### **Overview** **D P Wires Ltd.** is a leading Indian manufacturer of specialized steel wires, pre-stressed concrete strands (LRPC), and plastic products, serving key infrastructure and industrial sectors. Established in **1998** (incorporated as a private limited company in 1997–98), the company is promoted by the **DP Wires family**, with roots in the steel industry dating back to **1971**. Headquartered in **Ratlam, Madhya Pradesh**, the company operates an integrated manufacturing facility and has grown into a prominent supplier for both domestic and international markets. The company is publicly listed—migrated from the **NSE SME platform to the NSE Mainboard in January 2020**, and directly listed on **BSE in August 2023**. --- ### **Core Business Segments** 1. **Wire Division** - Specialized products: Low Relaxation Pre-stressed Concrete (LRPC) strands, spring steel wires, induction tempered wires, normal relaxation wires, alloy steel, high/low carbon steel wires. - Applications: Bridges, railways, metro systems, bullet trains, high-rise buildings, dams, power plants, automotive springs, electrical infrastructure. 2. **Plastic Division** - Products: HDPE films, geomembrane sheets, pond liners, cap covers, plastic pipes, layflat tubing. - Applications: Canal linings, landfills, mining, road construction, water reservoirs, corrosion-resistant coatings. All operations are **co-located at a single, integrated facility** within the **Industrial Estate, Ratlam**, enhancing operational efficiency and quality control. --- ### **Manufacturing & Capacity** - **Wire Production Capacity:** Increased from **50,000 MT to 100,000 MT annually** (as of FY24–25). - **Plastic Division Capacity:** Expanded significantly over the last five years; currently ~10,000 MT. - **Total Installed Capacity:** Reached **~100,000 metric tons** (as of H1 FY24), up from ~84,000 MT in FY23. - **Capacity Expansion:** - A 10,000 MT expansion was completed in FY24–25. - Land acquired for future development of a dedicated **business hub for special wire products**. - **Integrated Operations:** End-to-end process from raw material sourcing, pickling, wire drawing, stranding, inspection, and packaging—all under one roof. --- ### **Technology & Quality** - **ISO Certified:** ISO 9001:2015 (and previously ISO 9001:2008). - **Advanced Infrastructure:** Modern production units, quality control labs, administrative offices, and employee facilities. - **Innovation Focus:** Ongoing R&D, development of niche products like **induction tempered wires and LRPC strands**, which have **high entry barriers** due to technical complexity and compliance standards. - **Standards Compliance:** Products meet Indian and international engineering specifications. --- ### **Market Position & Clientele** - **Approved Vendor** for major Indian government infrastructure agencies: - **NHAI, NTPC, DMRC, Railways, PWD, CPWD** - Supplied to **flagship national projects**: - Mumbai-Ahmedabad Bullet Train - Delhi-Mumbai Industrial Corridor (DMIC) - Metro rail systems across multiple Indian cities - Nuclear power plants, dams, bridges - **Client Examples:** Hindalco, L&T, APCO, Simplex Infrastructures, Larsen & Toubro - **One of only three suppliers** in the stranded wires segment in India—positioned as a **key niche player** with limited competition. --- ### **Geographic Reach** - **Domestic:** Centrally located in **Ratlam (between Mumbai and Delhi)**, enabling efficient distribution across North and South India. - **International Exports:** To **Nepal, Oman, Doha, Muscat, Sri Lanka, Bangladesh, USA, Brazil, and Europe**. - The company is actively **expanding into new international markets** while strengthening relationships with existing overseas clients. --- ### **Financial Highlights (FY2024–25, ended March 31, 2025)** - **Standalone Total Revenue:** ₹**6,209.32 crores** (Rs. 62,093.15 lakhs) - **Profit Before Tax (PBT):** ₹**299.73 crores** (Rs. 2,997.28 lakhs) - **Debt Profile:** Near **debt-free operation** with a **debt-to-equity ratio of 0.01x** - **Strong Historical Growth:** - Revenue CAGR (FY19–FY23): **38%** - PAT CAGR (FY19–FY23): **24%** - Crossed ₹1,000 crore turnover in FY23 - **Return Metrics (FY23):** - **Return on Equity (ROE):** 21% - **Return on Capital Employed (ROCE):** 30% --- ### **Sustainability & Renewable Energy** - **Owns two 0.80 MW wind farms** in **Okha-Madhi and Jodhpur (Jamnagar, Gujarat)**, commissioned in **2006–07**. - **20-year Power Purchase Agreement (PPA)** with **Gujarat Urja Vikas Nigam Limited (GUVNL)** for wind-generated electricity. - **Planned Acquisition:** 70% of power from a **6 MW solar plant in Mandsaur, MP**, to further diversify energy sources. - Reflects commitment to **'Vocal for Local'** and **renewable energy** as per national policy. --- ### **Supply Chain & Operations** - **Raw Material Sourcing:** Procured from top Indian steel producers including **TATA Steel, JSW Steel, and Electrosteel**. - **Related-Party Transactions:** Engages with **Kataria Plastics Pvt. Ltd. (KPPL)**, a group company with 27+ years of operations, for reciprocal supply of raw materials and finished goods—ensuring continuity and quality. - **Logistics Advantage:** Strategic location in Central India with access to major transport corridors, railways, and raw material hubs. --- ### **Key Milestones & Historical Growth** | Year | Milestone | |------|---------| | 1998 | Company established in Ratlam, MP | | 2001–02 | Commercial production begins: wire drawing (carbon/alloy steel), polyethylene, tubing | | 2003–04 | LRPC strand production commences | | 2006–07 | Commissioned two 0.80 MW wind farms in Gujarat | | 2012–13 | Revenue exceeds ₹100 crore; capacity: >25,000 MT (wire), 5,400 MT (plastic) | | 2016 (FY16) | Wire capacity reaches 28,000 MT | | 2017–18 (FY18) | IPO; revenue exceeds ₹200 crore | | 2020 | Migrated to NSE Mainboard; wire capacity reaches 80,000–84,000 MT | | 2023–24 | Wire capacity expanded to 100,000 MT | | 2024–25 | Revenue: ₹6,209.32 crores; PBT: ₹299.73 crores | ---