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DSR is a small Korean wire and rope maker with thin margins, heavy borrowings and a share price down 9.6% over three months, and the news headlines about 'DSR' concern a mortgage rule, not this company.

DSR makes synthetic fiber ropes, stainless steel wire and wire ropes, with operations in South Korea, China, Vietnam and the United States. On trailing twelve months to H1 2026 it reported revenue of ₩316B, operating income of ₩21B and net income of ₩32B, with borrowings of ₩103B against cash of ₩12B. The shares closed at ₩4,125, a market value of ₩66B.

What stands out

• Net income (₩32B) is well above operating income (₩21B) on a trailing basis, so the filings suggest non-operating items or one-off gains may be lifting profit; the data does not break this down.
• Margins are modest: operating margin is 6.8% and net margin is 10% on a trailing basis, and 2025 operating margin was 6.4%, down from 9.7% in 2022.
• Free cash flow was about ₩4.4B on a trailing basis, while borrowings of ₩103B are large relative to cash and to the company's size.
• The stock trades at a P/E of 2.1 and P/B of 0.2, with a trailing dividend yield of 6.1%, far below listed steel peers such as POSCO Holdings (P/E 15.8).
• Foreign ownership eased to 2.6% from 2.8% over 60 days, and the 20-day flows show net foreign selling of about ₩149M.
• The company filed a corporate value-up plan on 22 October 2026, alongside several largest-shareholder and insider holding reports; the data does not give the plan's contents.

What to watch

• The data gives no date for the next quarterly results; the next scheduled filing named in the data is not listed, so check the company's filings for the Q3 report.
• The contents of the corporate value-up plan and whether it sets targets for margins, payouts or debt.
• Further largest-shareholder and insider holding changes, and the level of borrowings relative to cash.