What we do Excellent Wires and Packaging Ltd manufactures and exports diverse wires and packaging products serving industries like engineering, packaging, and cables under the brand 'Excellent'. |
Founded in 2,012 |
Market share A growing SME market player with increased production capacity and national presence via SME NSE listing. |
Problem solved Provides high-quality wire and packaging solutions meeting diverse industrial needs like binding, stitching, and packaging. |
Top clients or who we serve Industries include packaging, engineering, stationery, imitation jewellery, wires, and cable sectors; primarily B2B. |
Key management Rachit Paresh Masalia (Managing Director), Darshil Hasmukh Shah (Director & CEO) with leadership focused on growth and governance. |
Our journey and innovations Founded in 2012, rebranded and listed in 2024; expanded manufacturing from Panvel to Palghar with increased automation and capacity. |
Where we operate India-wide operations with manufacturing in Palghar, Maharashtra, and sales across multiple industrial sectors nationally. |
Top products or what we offer Wire products including spring steel, high carbon, galvanised, brass, copper, stainless steel wires and packaging products like PP strapping rolls. |
Top brands 'Excellent' brand wires and packaging products recognized for quality and export orientation. |
Raw materials needed Steel, carbon, brass, copper, PVC materials for wires and tapes production. |
Raw materials supplier Mainly sourced from domestic steel and metal suppliers; specifics undisclosed. |
Recurring vs cyclical contribution Revenue driven by recurring industrial orders with moderate cyclical fluctuations in raw material prices. |
Our industry position Emerging competitive player in wire manufacturing with growing revenue and product portfolio expansion. |
Financial highlights FY 2024-25 revenue Rs 22.19 crore; net profit Rs 1.12 crore; consistent year-over-year growth since IPO. |
Geographical revenue split Primarily domestic Indian market with no significant foreign exchange inflow reported. |
Order book - |
Whats driving growth Capacity expansion, product diversification, and infusion of IPO funds for plant and machinery upgrades. |
Our future plans Utilize IPO proceeds for land acquisition, plant modernization, working capital to support growth trajectory. |
Our green promise - |
Our people and values Committed leadership team with governance emphasis and policies supporting workplace safety and compliance. |
Key challenges ahead Managing expansion costs, raw material price volatility, and scaling operations efficiently. |
Interesting facts Listed on NSE SME platform in 2024; shifted manufacturing facility to Palghar recently to increase capacity. |
Risks and strategy Mitigating risks through robust internal controls, board oversight, and compliance with regulatory requirements. |
