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• CMP: ~₹243
• 52W Range: ₹185.99–₹448.95. Moneycontrol
• Buying Zone (user plan): ₹240–₹250
• Stop-Loss: Below ₹200
• Target (24–36 months): ₹550–₹650
• Sector / Industry: Metals & Mining – Iron & Steel; Sector P/E ~28.3. Moneycontrol

Company & Fundamentals

What it does: DP Wires manufactures steel wires and plastic films (used across oil & gas, power, civil, energy, auto & infra), and also runs small wind power assets. Operations are concentrated at Ratlam (MP). ICICI Direct

Market Cap: ~₹378 crore at ~₹244 CMP (Screener). Stock P/E ~20.3; Book Value ~₹160. Screener

Debt: Not debt-free. Borrowings ~₹28 crore (Mar 2025) on the standalone balance sheet. Screener

Quarterly Performance:

• Jun ’25: Sales ~₹126 crore; Net Profit ~₹3.6 crore; OPM ~3.0%—YoY softness vs Jun ’24 (Sales ~₹183 crore; NP ~₹7.2 crore). MoneycontrolBusiness StandardScreener
• Multi-quarter trend shows declining TTM sales/profits post FY23 peak; TTM sales decline ~39% and TTM profit decline ~43% (Screener trends). Screener

Promoter / Public / Institutions (Jun ’25):

• Promoters: 74.78% (stable)
• Public: ~25.18%
• FIIs: 0.00% (down from 0.09% in Mar ’25)
• DIIs: 0.03%
  Shareholder count ~22.9k. ScreenerTrendlyne.com

Valuation context: With Stock P/E ~20 vs Sector P/E ~28.3, DP Wires trades at a discount to sector, but that discount is partly explained by weaker recent growth/OPM trends and small-cap risks. ScreenerMoneycontrol

Technical View (based on your plan)

1. Strong Support ~₹200: Price has reacted around the ₹185–₹205 zone multiple times in the last year; using ₹200 as an invalidation level is logical for risk control. Moneycontrol
2. Weekly Trendline Break & Sustain: The stock spiked ~20% today to ~₹243–₹244, confirming a breakout attempt; sustaining above ₹240 improves odds for follow-through. Equitymaster
3. Upside Room: Above ₹250–₹260, room opens toward supply pockets near ₹300–₹330 and then ₹380–₹420; your swing-to-position targets of ₹550–₹650 (24–36 months) presume a cyclical recovery in volumes/margins.

Key Monitorables

• Order book & utilization in wires/films; any commentary on capacity or product mix.
• Margin drivers: raw material spreads and operating leverage.
• Working capital & debt trajectory—whether borrowings (~₹28 cr) reduce with cash generation. Screener
• Sector tailwinds: India’s steel demand outlook is constructive, which can aid downstream wire makers. IBEF
• Quarterly prints: Last quarter was weak; watch if sales/OPM stabilize from Jun ’25 lows. Business StandardScreener

Thesis—Bull & Risk Case (Concise)

Why it can work: High promoter ownership (74.78%), valuations below sector P/E, potential technical reversal after a steep drawdown, and medium-term sector demand tailwinds. ScreenerMoneycontrolIBEF

Main risks: Small-cap liquidity & volatility; execution slippage amid recent revenue and profit declines; commodity spread risk; any breakdown below ₹200 invalidates the near-term bullish structure. Business Standard

Shareholding & Price Quick Links (for reference)

Latest holdings & price trackers: Trendlyne (holdings), Screener (financials), Moneycontrol (price/sector PE), Business Standard (live price). Trendlyne.comScreenerMoneycontrolBusiness Standard

Disclaimer

This article is educational and not investment advice. Markets involve risk, including potential loss of capital. Small-cap stocks like DP Wires can be highly volatile and illiquid. Do your own research, consider your risk tolerance, position sizing, and consult a SEBI-registered adviser before investing. Data used above is from public sources believed reliable as of Aug 21, 2025, but may change without notice.