In this article, we will try to analyze the DP Wires share price target for 2024, 2025, 2026, 2027, 2028, 2029, and 2030 based on the company’s financials and various reports from research and brokerage firms.
DP Wires Ltd. was founded in 1998 with the dream of becoming the best wire manufacturer in India. Its current managing director is Mr. Praveen Kataria. DP Wires manufactures a quality product of steel wire, normal relaxation pre-stressed concrete wire, and strands as per Indian as well as international standards.
Stock Performance
DP Wires has delivered compounded sales growth of 62% in 3 years.
DP Wires has delivered compounded profit growth of 35% in 3 years.
DP Wires has delivered a stock price CAGR of 99% in 3 years.
DP Wires has delivered a return on equity of 22% in 3 years.
Quarter 3 Results
The company reported 273.13 crore in revenue in September 2023, which is 3.81% less year over year (YoY).
Net Income: 9.06 crore
Net-profit margin: 3.32%
Operating Income: 9.44 crore
Company Overview-
DP Wires Ltd. manufactures steel wires, plastic products, the laying of plastic films, and the generation of power through windmills.
The steel wires manufactured by DP Wires are used in the automobile industry, infrastructure projects such as dams, bridges, flyovers, metros, bullet trains, railways, and also in the construction of nuclear power plants, malls, and high-rise buildings.
DP Wires specializes in manufacturing spring steel wire. Spring steel wires have the ability to withstand any kind of circumstance without causing too much damage.
Financials-
| Market Cap | 619 Cr |
| P/E Ratio | 19.12 |
| Industry P/E | 20.15 |
| Debt to Equity | 0.00 |
| Return on Equity | 16.06% |
| Dividend Yield | 0.00% |
Net-profit margin-
DP Wires reported a net revenue of Rs 1,221 crore in the financial year 2023.
DP Wires reported a net profit of Rs 41 crore in the financial year 2023.
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 1,221 | 41 |
| 2022 | 616 | 29 |
| 2021 | 469 | 24 |
| 2020 | 286 | 17 |
| 2019 | 334 | 17 |
Share-holding Pattern-
Promoters share-holding has been significantly increased in recent times, which is a good sign of company growth, while foreign institutions have reduced their share-holding in Quarter 3.
| Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | Sep’22 | |
|---|---|---|---|---|---|---|
| Promoters | 74.78% | 74.75 | 74.75 | 74.75 | 70.40 | 70.40 |
| Retail | 25.22% | 25.25 | 25.04 | 25.25 | 29.60 | 29.60 |
| Foreign Institution | 0.00% | 0.00 | 0.21 | 0.00 | 0.00 | 0.00 |
Share price targets for DP Wires are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
We will predict the DP Wires share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
DP Wires share price target: 2024
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 565 in December 2024 and a minimum price target of Rs 340 in March 2024. The average price target for DP wires in 2024 is expected to be around Rs 650.
| 2024 | Share Price Target |
|---|---|
| 1st Price Target | 565 |
| 2nd Price Target | 540 |
The DP Wires Share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2025
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 885 in November 2025 and a minimum price target of Rs 640 in March 2025. The average price target for DP wires in 2025 is expected to be around Rs 745.
| 2025 | Share Price Target |
|---|---|
| 1st Price Target | 885 |
| 2nd Price Target | 840 |
DP Wires Share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2026
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1203 in December 2026 and a minimum price target of Rs 880 in March 2026. The average price target for DP wires in 2026 is expected to be around Rs 1255.
| 2026 | Share Price Target |
|---|---|
| 1st Price Target | 1203 |
| 2nd Price Target | 1160 |
DP Wires Share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2027
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1820 in December 2027 and a minimum price target of Rs 1455 in March 2027. The average price target for DP wires in 2027 is expected to be around Rs 1872.
| 2027 | Share Price Target |
|---|---|
| 1st Price Target | 1820 |
| 2nd Price Target | 1765 |
DP Wires Share price target prediction for 2027 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2028
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2565 in December 2028 and a minimum price target of Rs 2105 in May 2028. The average price target for DP wires in 2028 is expected to be around Rs 2330.
| 2028 | Share Price Target |
|---|---|
| 1st Price Target | 2565 |
| 2nd Price Target | 2440 |
DP Wires Share price target prediction for 2028 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2029
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3325 in December 2025 and a minimum price target of Rs 2622 in April 2029. The average price target for DP wires in 2029 is expected to be around Rs 2945.
| 2029 | Share Price Target |
|---|---|
| 1st Price Target | 3325 |
| 2nd Price Target | 3240 |
DP Wires Share price target prediction for 2029 is based on the company’s financials, previous trends, and various brokerage firm reports.
DP Wires share price target: 2030
The share price of DP Wires is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 4026 in December 2030 and a minimum price target of Rs 3265 in March 2030. The average price target for DP wires in 2030 is expected to be around Rs 3658.
| 2030 | Share Price Target |
|---|---|
| 1st Price Target | 4026 |
| 2nd Price Target | 3940 |
DP Wires Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strengths of DP Wires
The company is expected to give a good quarter.
The company has delivered good profit growth of 33.1% CAGR over the last 5 years.
Weaknesses of DP Wires
FII has reduced its stake in shareholding.
Competitor
| Company | Market Cap | P/E Ratio |
|---|---|---|
| Ratnamani Metals | 23801 | 38.23 |
| NMDC Steel | 14849 | 0.00 |
| Welspun Corp | 14276 | 17.64 |
| Godawari Power | 10166 | 13.00 |
| Usha Martin | 9053 | 22.67 |
Conclusion
DP Wires is a fundamentally strong company that has given good returns to its investors in the past. In the last 5 years, the company has delivered more than 750% returns. As construction and infrastructure sectors are heading up in the Indian economy, it is obvious that DP Wires will definitely benefit due to the unique product portfolio of the company.
The share price target for DP wires will move positively by looking at its financials and past track record.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice.