Bharat Wire Ropes Ltd.

•

bharatwireropes.comBSE: 539799NSE: BHARATWIRE

Market Cap₹ 1,250 Cr.

Current Price

High / Low₹ 262 / 148

Stock P/E18.1

Book Value₹ 120

Price to Book1.80

Dividend Yield0.00 %

ROCE13.4 %

ROE10.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good sales growth of 19.2% CAGR over last 5 years
Operating margins have improved to 21.4% from 15.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
Company generates healthy free cash flow
Company comfortably covers its interest (8.3x coverage)
Attractively priced for its growth - PEG of 0.2

CONS

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1325.00	13.07	324022.65	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	189.00	21.38	235937.32	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	197.10	19.06	81412.65	1.19	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2591.20	29.60	68353.43	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2250.00	50.83	62473.14	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	737.70	18.72	60817.43	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1066.05	26.49	29756.85	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	305.30	29.88	19524.19	0.66	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2732.25	44.24	19150.89	0.37	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	508.95	15.87	17934.44	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	240.90	20.11	16218.33	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	BHARATWIRE	181.80	13.00	1250.47	0.00	21.68	36.00	147.16	-9.35	13.39	25.39

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	158	159	157	147	133	152	162	172	142	165	143	141	130
	117	117	113	110	101	118	133	135	112	126	110	112	114
Operating Profit	41	42	44	37	33	34	29	37	30	38	33	30	16
OPM %	25.96%	26.17%	27.92%	25.40%	24.43%	22.14%	17.92%	21.59%	21.26%	23.36%	22.80%	20.95%	12.42%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	4	4	3	4	3	3	4	4	4	3	2	2	3
Depreciation	5	5	5	5	5	5	6	6	6	6	6	6	7
Profit before Tax	32	33	35	29	24	26	20	28	21	30	24	22	17
Tax %	25.78%	25.78%	25.42%	23.86%	25.81%	26.13%	25.82%	26.19%	24.60%	26.00%	25.20%	24.98%	25.98%
Net Profit	24	24	26	22	18	19	15	21	16	22	18	16	12
	3.49	3.60	3.88	3.21	2.65	2.77	2.18	3.01	2.28	3.23	2.66	2.40	1.79

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	61	65	165	241	258	250	411	589	622	619	579
	53	59	148	222	229	218	348	450	458	487	462
Operating Profit	8	6	17	19	29	32	62	139	164	132	117
OPM %	13.37%	9.40%	10.38%	7.76%	11.24%	12.97%	15.14%	23.57%	26.38%	21.38%	20.17%
	0	3	21	1	1	1	1	1	1	1	1
Interest	4	3	25	73	90	34	23	22	15	13	10
Depreciation	2	4	12	21	22	22	21	21	21	22	25
Profit before Tax	2	3	0	-74	-82	-23	18	97	129	98	93
Tax %	39.45%	16.45%	18.38%	39.84%	25.66%	26.38%	23.78%	35.58%	25.25%	25.95%	25.55%
Net Profit	1	2	0	-45	-61	-17	14	62	96	72	69
EPS	0.00	0.00	0.00	0.00	0.00	-3.73	2.17	9.68	14.16	10.58	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 23%
5 Years:: 19%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: 72%
5 Years:: —
3 Years:: 74%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 22%
3 Years:: -10%
1 Year:: 3%

RETURN ON EQUITY

10 Years:: -9%
5 Years:: 7%
3 Years:: 13%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	45	45	45	45	45	63	64	68	68	68
	93	96	96	51	-10	369	387	492	589	664
	221	397	528	613	677	277	272	185	123	120
Trade Payables	9	20	37	32	11	11	31	18	6	17
	49	42	30	0	-18	-25	-29	4	50	86
Total Liabilities	417	599	736	742	706	694	726	767	835	956
	65	340	566	560	539	513	492	481	475	484
Capital Work in Progress	159	142	2	0	0	0	0	3	12	47
	0	0	0	0	0	0	0	2	2	0
	34	44	73	89	78	65	80	110	99	123
	0	0	0	0	0	0	0	0	79	87
Cash & Bank	72	2	26	4	3	5	3	9	8	9
	86	71	70	87	86	111	150	162	159	206
Total Assets	417	599	736	742	706	694	726	767	835	956

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	37	17	32	83	151	-244	24	84	85	74
Cash from Investing	-193	-259	-98	-14	-0	-1	-0	-13	-25	-62
Cash from Financing	227	172	90	-90	-152	247	-25	-64	-61	-11
	70	-69	23	-21	-1	2	-2	6	-0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.30	0.54	0.06	-9.91	-13.56	-2.68	2.14	9.17	14.16	10.58
Book Value (₹)	30.77	31.31	31.34	21.43	7.87	68.96	70.63	82.50	96.59	107.03
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.81	1.41	2.80	-5.23	-8.71	0.78	5.50	12.21	17.27	13.80
PROFITABILITY
Operating Margin %	12.26%	13.18%	22.53%	8.30%	11.44%	13.24%	15.28%	23.68%	26.38%	21.38%
Net Margin %	2.03%	3.43%	0.15%	-18.52%	-23.65%	-6.71%	3.33%	10.57%	15.49%	11.70%
ROE %	1.28%	1.75%	0.18%	-37.57%	-92.55%	-7.19%	3.10%	12.31%	15.83%	10.42%
ROCE %	2.61%	1.29%	4.32%	-0.15%	1.08%	1.61%	5.78%	16.25%	18.72%	13.39%
	0.47%	0.48%	0.04%	-6.03%	-8.42%	-2.40%	1.92%	8.34%	12.03%	8.09%
EFFICIENCY
Debtor Days	86	87	44	45	46	48	34	27	37	49
Inventory Days	201	201	127	123	118	104	65	59	61	65
Payable Days	114	110	56	39	30	22	24	17	8	12
	172	178	115	129	134	130	74	69	91	102
FINANCIAL HEALTH
Debt to Equity (x)	1.42x	2.64x	3.73x	6.33x	19.05x	0.63x	0.60x	0.32x	0.20x	0.18x
Interest Coverage (x)	1.61x	2.14x	1.01x	-0.01x	0.09x	0.33x	1.77x	5.35x	9.72x	8.34x
	1.78x	1.21x	1.06x	0.56x	0.36x	1.83x	1.96x	3.82x	7.55x	4.57x
GROWTH
Revenue Growth %	-20.88%	6.80%	154.36%	45.93%	7.10%	-2.93%	64.16%	43.44%	5.56%	-0.41%
Operating Profit Growth %	-12.14%	15.35%	304.03%	-47.21%	47.67%	12.28%	89.51%	122.26%	18.17%	-19.21%
Net Profit Growth %	310.82%	81.73%	-89.79%	0.00%	-36.81%	72.46%	181.40%	355.54%	54.76%	-24.81%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.43%	-25.26%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.47x	18.22x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.85x	1.80x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.13x	10.82x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.98	40.93	41.24	41.35	41.27	41.27	41.27	41.27	41.27
	2.15	2.22	2.19	1.90	1.79	1.13	1.41	3.49	1.13
	2.61	2.60	2.60	2.60	2.60	2.60	0.87	0.32	0.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.33	53.31	53.02	53.21	53.42	54.06	55.52	53.98	56.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

General Updates

2026-09-03 - Bharat Wire Ropes Limited has informed the Exchange about General Updates

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Bharat Wire Ropes Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Bharat Wire Ropes Limited has informed the Exchange about Schedule of meet

2026-09-03

Investor Presentation

2026-09-03 - Bharat Wire Ropes Limited has informed the Exchange about Investor Presentation

2026-09-01

General Updates

2026-09-01 - Bharat Wire Ropes Limited has informed the Exchange about Business Responsibility and Sustainability Report for the FY 2025-26

2026-09-01

Record Date

2026-09-01 - Bharat Wire Ropes Limited has informed the Exchange that Record date for the purpose of Record date for Remote E-voting for the 40th Annual General Meeting is 18-Sep-2026.

2026-09-01

Record Date

2026-09-01 - Bharat Wire Ropes Limited has informed the Exchange that Record date for the purpose of Record date for Remote E-voting for the 40th Annual General Meeting is 18-Sep-2026.

2026-09-01

Shareholders meeting

2026-09-01 - Bharat Wire Ropes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Bharat Wire Ropes Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for BHARATWIRE

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