Vidya Wires Ltd (VIDYAWIRES) — share price & stock analysis
Profits have nearly doubled in two years.
Vidya Wires Ltd (VIDYAWIRES) trades at ₹97.6 as of 1 July 2026. The machine reads this as steady growth: profits have nearly doubled in two years. the price is in Stage 2 — advancing, 12 weeks in. Fundamentals-momentum score: 77/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹2,075 Cr
- P/E
- 36×
- ROE
- 17.8%
- Book value / share
- ₹22.6
- Revenue (FY26)
- ₹1,840 Cr
- Profit after tax (FY26)
- ₹58 Cr
- Weinstein stage
- Stage 2 (12 weeks)
- Data as of
- 1 July 2026
3 of the 4 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 21% — a high-quality engine; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).
The price is in a confirmed uptrend — 12 weeks and counting
STAGE 2 · ADVANCING · 12 WEEKSStock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 12 weeks in, confirmed.stage
The price sits above its rising 200-day average (₹69 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Dec 25 | 51.6 | 53.1 | 53.1 | 4 |
| Dec 25 | 52.2 | 53.1 | 52.8 | 4 |
| Dec 25 | 51.0 | 53.0 | 52.6 | 4 |
| Jan 26 | 50.1 | 52.9 | 52.2 | 4 |
| Jan 26 | 48.7 | 52.7 | 51.8 | 4 |
| Jan 26 | 48.5 | 52.5 | 51.2 | 4 |
| Jan 26 | 45.1 | 52.2 | 50.3 | 4 |
| Feb 26 | 44.5 | 51.9 | 49.5 | 4 |
| Feb 26 | 50.5 | 51.7 | 49.2 | 4 |
| Feb 26 | 47.1 | 51.5 | 49.0 | 4 |
| Feb 26 | 49.4 | 51.4 | 48.7 | 4 |
| Feb 26 | 53.4 | 51.4 | 49.2 | 4 |
| Mar 26 | 51.4 | 51.4 | 49.6 | 4 |
| Mar 26 | 52.9 | 51.5 | 50.3 | 4 |
| Mar 26 | 54.2 | 51.6 | 50.9 | 4 |
| Mar 26 | 52.3 | 51.6 | 51.1 | 4 |
| Apr 26 | 52.3 | 51.6 | 51.2 | 4 |
| Apr 26 | 63.0 | 51.9 | 52.4 | 4 |
| Apr 26 | 69.6 | 52.5 | 54.7 | 4 |
| Apr 26 | 82.7 | 53.7 | 58.6 | 4 |
| Apr 26 | 87.3 | 55.0 | 63.0 | 2 |
| May 26 | 91.3 | 56.8 | 68.0 | 2 |
| May 26 | 97.5 | 58.6 | 73.0 | 2 |
| May 26 | 88.8 | 60.1 | 75.9 | 2 |
| May 26 | 109 | 61.9 | 80.1 | 2 |
| Jun 26 | 98.5 | 63.6 | 83.9 | 2 |
| Jun 26 | 93.6 | 63.9 | 84.3 | 2 |
| Jun 26 | 94.0 | 64.5 | 85.0 | 2 |
| Jun 26 | 89.3 | 64.7 | 85.2 | 2 |
| Jun 26 | 89.1 | 65.2 | 85.3 | 2 |
| Jun 26 | 103 | 66.2 | 86.8 | 2 |
| Jun 26 | 107 | 67.0 | 88.4 | 2 |
| Jun 26 | 98.9 | 68.1 | 90.1 | 2 |
| Jun 26 | 97.7 | 68.4 | 90.4 | 2 |
| Jul 26 | 97.6 | 69.3 | 91.5 | 2 |
4 of 4 years up since listing — good compounding, but a short book
Over 4 years, sales went from ₹913 Cr to ₹1,840 Cr (about 19% a year), and profit from ₹20.0 Cr to ₹58.0 Cr.revenuenet_profit
Margins held steady throughout (3.4–4.7%) — disciplined growth.operating_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY22 | 913 |
| FY23 | 1,011 |
| FY24 | 1,182 |
| FY25 | 1,481 |
| FY26 | 1,840 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY22 | 20 |
| FY23 | 22 |
| FY24 | 26 |
| FY25 | 41 |
| FY26 | 58 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY22 | 3.4 |
| FY23 | 3.6 |
| FY24 | 3.8 |
| FY25 | 4.3 |
| FY26 | 4.7 |
Sales exploded 58% last quarter
Mar 26 sales were ₹599 Cr, up 58% on the same quarter last year.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 24 | 364 | – |
| Dec 24 | 347 | – |
| Mar 25 | 380 | – |
| Jun 25 | 412 | – |
| Sep 25 | 381 | 4.7 |
| Dec 25 | 448 | 29.1 |
| Mar 26 | 599 | 57.6 |
Margins are holding steady
Of every ₹100 of sales, the company keeps ₹4.7 as operating profit (a year ago it kept ₹4.9).opm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Sep 24 | 6.6 | 3.8 | 2.3 |
| Dec 24 | 7.9 | 4.7 | 3.0 |
| Mar 25 | 7.6 | 4.9 | 3.3 |
| Jun 25 | 7.7 | 4.5 | 2.9 |
| Sep 25 | 7.5 | 4.1 | 2.8 |
| Dec 25 | 7.9 | 5.3 | 3.4 |
| Mar 26 | 7.8 | 4.7 | 3.3 |
Profit exploded 54% — mostly from selling more
Mar 26 profit after tax was ₹20.0 Cr, up 54% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 24 | 8.0 | – |
| Dec 24 | 11.0 | – |
| Mar 25 | 13.0 | – |
| Jun 25 | 12.0 | – |
| Sep 25 | 10.0 | 25.0 |
| Dec 25 | 15.0 | 36.4 |
| Mar 26 | 20.0 | 53.8 |
The single biggest driver was selling more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 13 |
| More sales | +11 |
| Thinner margins | −2 |
| Other income | +2 |
| Interest | −1 |
| Tax | −2 |
| Everything else | −1 |
| PAT Mar 26 | 20 |
Profits on paper, cash lagging behind
Over the last 5 profitable years, the business reported ₹167 Cr of profit and collected ₹−2.0 Cr of operating cash — about -1% conversion.operating_cash_flownet_profit
The wrinkle is the latest year: FY26 collected ₹−9.0 Cr against ₹58.0 Cr of reported profit — about -16%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit
The gap sits in receivables: customers now take 40 days to pay, up from 35. Profit booked, cash pending.debtor_days
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY22 | -16.0 | 20.0 |
| FY23 | 38.0 | 22.0 |
| FY24 | 2.0 | 26.0 |
| FY25 | -17.0 | 41.0 |
| FY26 | -9.0 | 58.0 |
The cash cycle is stable
One rupee now takes about 64 days to go out the door as materials and come back as collected cash — up from 57 days the year before.cash_conversion_cycle
The biggest mover: customers taking longer to pay (35 → 40 days).debtor_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY22 | 37.0 | 25.0 | 4.0 |
| FY23 | 31.0 | 23.0 | 3.0 |
| FY24 | 29.0 | 23.0 | 2.0 |
| FY25 | 35.0 | 24.0 | 2.0 |
| FY26 | 40.0 | 28.0 | 5.0 |
Building hard — new capacity is under construction
The productive asset base has gone from ₹32.0 Cr (FY22) to ₹71.0 Cr, with another ₹72.0 Cr of capacity under construction right now.fixed_assetscwip
Work-in-progress is 101% of the existing asset base — that is a serious bet on future demand. Capacity like this shows up in sales with a lag; it is tomorrow’s growth being paid for today.cwip
The build is bigger than the cash engine: investing outflows (₹160 Cr) exceeded operating cash (₹−24.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY22 | 32.0 | 0.0 |
| FY23 | 38.0 | 0.0 |
| FY24 | 40.0 | 0.0 |
| FY25 | 41.0 | 3.0 |
| FY26 | 71.0 | 72.0 |
Almost no debt — this company cannot be killed by a bad year
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹18 — total borrowings have shrunk from ₹121 Cr to ₹85.0 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY22 | 121 |
| FY23 | 97.0 |
| FY24 | 110 |
| FY25 | 146 |
| FY26 | 85.0 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY22 | 1.6 |
| FY23 | 1.0 |
| FY24 | 0.9 |
| FY25 | 0.9 |
| FY26 | 0.2 |
- Margins are not the story. Operating margin has stayed in a 3.8–5.3% band for two years — whatever moves this stock, it isn’t profitability per rupee of sales.opm_pct
Worth studying deeper — with eyes open
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: debt improving (0.88× → 0.18×).borrowings
Biggest worry: free cash flow falling (₹−25.0 Cr → ₹−157 Cr).operating_cash_flow
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Vidya Wires Ltd do?
Incorporated in 1981, Vidya Wires Limited is engaged in manufacturing copper and aluminum wires.[1]. It is listed in the Electric Equipment - General sector with a market capitalisation of ₹2,075 Cr.
What is Vidya Wires Ltd's share price?
As of 1 July 2026, Vidya Wires Ltd trades at ₹97.6, with a market capitalisation of ₹2,075 Cr. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Vidya Wires Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Vidya Wires Ltd's intrinsic value at ₹140 per share under base assumptions (bear ₹50.0, bull ₹140), against the current price of ₹97.6 — a 43% margin of safety. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did Vidya Wires Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹599 Cr, up 58% on the same quarter last year. Mar 26 profit after tax was ₹20.0 Cr, up 54% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Vidya Wires Ltd growing?
Sales exploded 58% last quarter. Mar 26 sales were ₹599 Cr, up 58% on the same quarter last year.
Are Vidya Wires Ltd's profits growing?
Profit exploded 54% — mostly from selling more. Mar 26 profit after tax was ₹20.0 Cr, up 54% year on year.
What are Vidya Wires Ltd's operating margins?
Margins are holding steady. In the most recent quarter, of every ₹100 of sales, the company keeps ₹4.7 as operating profit (a year ago it kept ₹4.9).
What is Vidya Wires Ltd's long-term growth record?
Revenue grew from ₹913 Cr in FY22 to ₹1,840 Cr in FY26 — a 19.1% compound annual growth rate over 4 years. Profit after tax compounded at 30.5% over the same period (₹20 Cr → ₹58 Cr).
Is Vidya Wires Ltd stock in an uptrend?
The price is in a confirmed uptrend — 12 weeks and counting. Vidya Wires Ltd is in Stage 2 — advancing, 12 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Does Vidya Wires Ltd have too much debt?
Almost no debt — this company cannot be killed by a bad year. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹18 — total borrowings have shrunk from ₹121 Cr to ₹85.0 Cr over the window.
What is the bull case for Vidya Wires Ltd?
Profits have nearly doubled in two years. Best thing in the data: debt improving (0.88× → 0.18×). Sales exploded 58% last quarter.
What is the bear case for Vidya Wires Ltd — what could break the story?
Biggest worry: free cash flow falling (₹−25.0 Cr → ₹−157 Cr). A failure to achieve 50% utilization of the newly expanded capacity by the end of FY27, indicating weak demand or execution issues. The nearest-term thing to watch: if quarterly growth slips below 29%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Vidya Wires Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: worth studying deeper — with eyes open. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 71% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.