Is Bansal Wire Industries the Best Stock in Its Sector? A Look at the Numbers
- September 24, 2026
- Posted by: Harsh Piplani
- Category: Market
Bansal Wire Industries CMP Rs 316 (24 Sep 2026). Market cap Rs 4,935 Cr. ROE 11.25%. P/E 34.71x versus Industry P/E 23.56x.
Quick Answer
Bansal Wire Industries is one of the names investors compare when screening the Iron & Steel sector, built on a 11.25% return on equity and a P/E of 34.71x against an Industry P/E of 23.56x. Whether Bansal Wire Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Iron & Steel sector peers, so you can judge that for yourself.
Is Bansal Wire Industries the best stock in its sector? The stock trades on the NSE at Rs 316 as of 24 September 2026, within its 52-week range of Rs 222.50 to Rs 370.00. Bansal Wire Industries Ltd manufactures steel wire products for automotive, infrastructure and general engineering applications.
Bansal Wire Industries sits in the Iron & Steel sector, and its 11.25% ROE and 34.71x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
Click Here – Get Free Investment Predictions
About Bansal Wire Industries
Bansal Wire Industries Ltd manufactures steel wire products for automotive, infrastructure and general engineering applications. It manufactures steel wire products used across automotive, infrastructure and general engineering applications, a specialised downstream steel products niche. At a market capitalisation of Rs 4,935 Cr, it is tracked as part of the Iron & Steel sector on Univest.
Is Bansal Wire Industries the Best Stock in Its Sector?
Bansal Wire Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 11.25% ROE with a 34.71x P/E against the sector’s 23.56x Industry P/E. Bansal Wire Industries’ 34.71x P/E is above the 23.56x Industry P/E, a premium built on its 11.25% ROE and specialised steel wire products niche rather than bulk commodity steel economics.
| Metric | Bansal Wire Industries |
|---|---|
| CMP (NSE) | Rs 315.90 |
| 52-Week High / Low | Rs 370.00 / Rs 222.50 |
| Market Cap | Rs 4,935 Cr |
| P/E (TTM) vs Industry P/E | 34.71x vs 23.56x |
| P/B | 3.45 |
| ROE | 11.25% |
| EPS (TTM) | Rs 9.08 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.39 |
Compare Bansal Wire Industries Against Other Iron & Steel Sector Stocks
How Bansal Wire Industries Compares Against Its Iron & Steel Sector Peers
The table below sets Bansal Wire Industries against 3 other Iron & Steel sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Bansal Wire Industries | 4,935 | 34.71 | 11.25% | 0.39 |
| Tata Steel | 2,28,261 | 20.27 | 10.56% | 0.90 |
| Usha Martin | 14,628 | 28.83 | 14.11% | 0.07 |
| Bedmutha Industries | 327 | 19.58 | 4.28% | 1.37 |
| Peer average (3 companies) | – | 22.89 | 9.65% | 0.78 |
Against this peer set, Bansal Wire Industries’s 11.25% ROE is above the 9.65% peer average, and its P/E of 34.71x runs above the peer average of 22.89x. Bansal Wire Industries’ 34.71x P/E is above the 23.56x Industry P/E, a premium built on its 11.25% ROE and specialised steel wire products niche rather than bulk commodity steel economics.
What Makes Bansal Wire Industries Worth Watching in Iron & Steel
- Solid ROE: An 11.25% ROE is a reasonable figure for a specialised steel wire manufacturer.
- Steel wire products niche: Manufacturing specialised steel wire products for automotive and infrastructure customers differentiates Bansal Wire Industries from bulk steel producers.
- Above Industry P/E: A 34.71x P/E against a 23.56x Industry P/E reflects a premium relative to the Iron & Steel sector peers used elsewhere in this series.
Bansal Wire Industries Valuation: Is It Justified?
Bansal Wire Industries’ 34.71x P/E is above the 23.56x Industry P/E, a premium built on its 11.25% ROE and specialised steel wire products niche rather than bulk commodity steel economics. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is AWL Agri Business the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Bansal Wire Industries and other Iron & Steel sector stocks.
How to Track Bansal Wire Industries Before You Invest
Before deciding whether Bansal Wire Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Iron & Steel sector peers using the steps below.
- Open the Univest Screener and search for Bansal Wire Industries to view live price, valuation ratios, and peer comparisons within the Iron & Steel sector.
- Compare its P/E, P/B, and ROE against other Iron & Steel sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Bansal Wire Industries earns a place in the best stock in its sector conversation on the strength of a 11.25% ROE and a P/E of 34.71x against a 23.56x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Bansal Wire Industries the best stock in its sector?
Ans. Bansal Wire Industries has a 11.25% ROE and trades at 34.71x P/E against a 23.56x Industry P/E, and compares above the peer average ROE of 9.65% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Bansal Wire Industries?
Ans. Bansal Wire Industries was trading at Rs 315.90 on the NSE as of 24 September 2026, within its 52-week range of Rs 222.50 to Rs 370.00.
What sector does Bansal Wire Industries belong to?
Ans. Bansal Wire Industries is classified under the Iron & Steel sector on Univest.
How does Bansal Wire Industries compare to its sector peers on P/E?
Ans. Bansal Wire Industries’s P/E of 34.71x is above the 22.89x average of the 3 named peers compared in this article.
What is Bansal Wire Industries’s return on equity?
Ans. Bansal Wire Industries reported a return on equity of 11.25%, which is above the 9.65% average of its named peers in this comparison.
Should I invest in Bansal Wire Industries based on its sector position?
Ans. Bansal Wire Industries’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
