Bharat Wire Ropes Ltd.

•

₹ 188.790.55%

2026-08-21

bharatwireropes.comBSE: 539799NSE: BHARATWIRE

Market Cap₹ 1,283 Cr.

Current Price₹ 188

High / Low₹ 262 / 148

Stock P/E13.3

Book Value—

Price to Book2.86

Dividend Yield0.00 %

ROCE18.7 %

ROE15.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Latest quarter profit grew 36.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.12x)
Company comfortably covers its interest (9.7x coverage)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Working capital days have increased from 125 to 169 days
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JSWSTEEL	1281.30	12.64	313336.02	0.55	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	184.00	20.82	229695.59	2.17	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	172.50	16.68	71251.56	1.36	1644.05	120.80	26245.67	1.25	6.39	15.92
4.	JSL	723.75	18.37	59667.37	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
5.	APLAPOLLO	2115.90	47.80	58749.74	0.40	263.11	10.94	5606.71	12.07	22.90	7.34
6.	WELCORP	1974.70	22.56	52090.74	0.25	1047.88	200.11	4081.12	14.91	23.94	32.17
7.	SHYAMMETL	988.70	24.57	27597.77	0.46	350.73	20.66	5455.09	23.45	13.88	14.03
8.	SARDAEN	512.45	15.98	18057.78	0.39	478.13	9.50	1608.04	-1.07	15.84	41.59
9.	JINDALSAW	268.95	26.32	17199.57	0.74	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	GPIL	246.30	20.55	16578.39	0.41	222.37	2.75	1750.47	32.29	23.51	19.36
11.	RATNAMANI	2295.95	37.17	16092.77	0.44	107.03	-15.82	971.63	-15.63	18.01	16.69
12.	BHARATWIRE	186.55	13.34	1283.15	0.00	21.68	36.00	147.16	-9.35	13.39	25.39

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	134	144	162	158	159	157	147
	113	108	117	117	117	113	110
Operating Profit	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	0
Interest	6	7	6	4	4	3	4
Depreciation	5	5	5	5	5	5	5
	10	25	34	32	33	35	29
Tax %	22.36%	25.32%	53.71%	25.81%	25.72%	25.42%	23.89%
Net Profit	0	0	16	24	24	26	22
	1	3	2	4	4	4	3
Equity Capital	64	64	68	68	68	68	68
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	64	64	68	68	68	68	68
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2022

: 134
: 113
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 6
Depreciation: 5
: 10
Tax %: 22.36%
Net Profit: 0
: 1
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2022

: 144
: 108
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 7
Depreciation: 5
: 25
Tax %: 25.32%
Net Profit: 0
: 3
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2023

: 162
: 117
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 6
Depreciation: 5
: 34
Tax %: 53.71%
Net Profit: 16
: 2
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2023

: 158
: 117
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 5
: 32
Tax %: 25.81%
Net Profit: 24
: 4
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 159
: 117
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 5
: 33
Tax %: 25.72%
Net Profit: 24
: 4
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 157
: 113
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 5
: 35
Tax %: 25.42%
Net Profit: 26
: 4
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 147
: 110
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 5
: 29
Tax %: 23.89%
Net Profit: 22
: 3
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 68
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	TTM
	411	589	622	622
	348	450	458	458
Operating Profit	63	139	165	—
OPM %	15	24	27	—
Other Income	1	1	1	1
Interest	23	22	15	15
Depreciation	21	21	21	21
	18	97	129	129
Tax %	24	36	25	25
Net Profit	14	62	96	96
EPS	2	10	14	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	-0
Adjusted EPS	2	9	14	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	-0
Adjusted EPS	2	9	14	—

Mar 2022

: 411
: 348
Operating Profit: 63
OPM %: 15
Other Income: 1
Interest: 23
Depreciation: 21
: 18
Tax %: 24
Net Profit: 14
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 589
: 450
Operating Profit: 139
OPM %: 24
Other Income: 1
Interest: 22
Depreciation: 21
: 97
Tax %: 36
Net Profit: 62
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2024

: 622
: 458
Operating Profit: 165
OPM %: 27
Other Income: 1
Interest: 15
Depreciation: 21
: 129
Tax %: 25
Net Profit: 96
EPS: 14
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

TTM

: 622
: 458
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 15
Depreciation: 21
: 129
Tax %: 25
Net Profit: 96
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 23%
3 Years:: -3%
1 Year:: 4%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 10%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024
LIABILITIES	-	-	-
Equity Capital	64	68	68
	387	492	589
	62	39	14
Trade Payables	31	18	6
	181	150	158
Total Liabilities	726	767	835
ASSETS	-	-	-
	492	481	475
Capital Work in Progress	0	3	12
	0	2	2
	80	110	99
	0	0	79
Cash & Bank	3	9	8
	150	162	159
Total Assets	726	767	835
Total Debt	269	182	132
Net Working Capital	106	202	289
Contingent Liabilities	2	2	2
Book Value per Share	70.63	82.50	96.56
Face Value	10.00	10.00	10.00
Total Debt	269	182	132
Net Working Capital	106	202	289
Contingent Liabilities	2	2	2
Book Value per Share	70.63	82.50	96.56
Face Value	10.00	10.00	10.00

Mar 2022

Equity Capital: 64
: 387
: 62
Trade Payables: 31
: 181
Total Liabilities: 726
: 492
Capital Work in Progress: 0
: 0
: 80
: 0
Cash & Bank: 3
: 150
Total Assets: 726
Total Debt: 269
Net Working Capital: 106
Contingent Liabilities: 2
Book Value per Share: 70.63
Face Value: 10.00
Total Debt: 269
Net Working Capital: 106
Contingent Liabilities: 2
Book Value per Share: 70.63
Face Value: 10.00

Mar 2023

Equity Capital: 68
: 492
: 39
Trade Payables: 18
: 150
Total Liabilities: 767
: 481
Capital Work in Progress: 3
: 2
: 110
: 0
Cash & Bank: 9
: 162
Total Assets: 767
Total Debt: 182
Net Working Capital: 202
Contingent Liabilities: 2
Book Value per Share: 82.50
Face Value: 10.00
Total Debt: 182
Net Working Capital: 202
Contingent Liabilities: 2
Book Value per Share: 82.50
Face Value: 10.00

Mar 2024

Equity Capital: 68
: 589
: 14
Trade Payables: 6
: 158
Total Liabilities: 835
: 475
Capital Work in Progress: 12
: 2
: 99
: 79
Cash & Bank: 8
: 159
Total Assets: 835
Total Debt: 132
Net Working Capital: 289
Contingent Liabilities: 2
Book Value per Share: 96.56
Face Value: 10.00
Total Debt: 132
Net Working Capital: 289
Contingent Liabilities: 2
Book Value per Share: 96.56
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024
	24	83	85
Cash from Investing	-0	-13	-25
Cash from Financing	-25	-64	-61
	-2	6	-0
Free Cash Flow	24	70	61
OCF / Net Profit	1.73	1.34	0.89
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	1.73	1.34	0.89
Cumulative 5-Year FCF	0	0	0

Mar 2022

: 24
Cash from Investing: -0
Cash from Financing: -25
: -2
Free Cash Flow: 24
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 0

Mar 2023

: 83
Cash from Investing: -13
Cash from Financing: -64
: 6
Free Cash Flow: 70
OCF / Net Profit: 1.34
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.34
Cumulative 5-Year FCF: 0

Mar 2024

: 85
Cash from Investing: -25
Cash from Financing: -61
: -0
Free Cash Flow: 61
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024
PER SHARE	-	-	-
EPS (₹)	2.14	9.17	14.14
Book Value (₹)	70.63	82.50	96.56
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	5.50	12.21	17.25
PROFITABILITY	-	-	-
Operating Margin %	15.28%	23.68%	26.38%
Net Margin %	3.33%	10.56%	15.47%
ROE %	3.03%	12.31%	15.81%
ROCE %	5.73%	16.25%	18.71%
	1.88%	8.34%	12.01%
EFFICIENCY	-	-	-
Debtor Days	35	27	37
Inventory Days	72	59	61
Payable Days	33	17	8
	74	69	91
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.60x	0.32x	0.20x
Interest Coverage (x)	1.77x	5.35x	9.71x
	1.96x	3.82x	7.55x
GROWTH	-	-	-
Revenue Growth %	0.00%	43.44%	5.56%
Operating Profit Growth %	0.00%	122.26%	18.17%
Net Profit Growth %	0.00%	355.42%	54.58%
	0.00%	0.00%	54.25%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	19.50x
P/B (x)	0.00x	0.00x	2.86x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	0.00x	12.13x

Mar 2022

EPS (₹): 2.14
Book Value (₹): 70.63
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.50
Operating Margin %: 15.28%
Net Margin %: 3.33%
ROE %: 3.03%
ROCE %: 5.73%
: 1.88%
Debtor Days: 35
Inventory Days: 72
Payable Days: 33
: 74
Debt to Equity (x): 0.60x
Interest Coverage (x): 1.77x
: 1.96x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 9.17
Book Value (₹): 82.50
Dividend per Share (₹): 0.00
Cash EPS (₹): 12.21
Operating Margin %: 23.68%
Net Margin %: 10.56%
ROE %: 12.31%
ROCE %: 16.25%
: 8.34%
Debtor Days: 27
Inventory Days: 59
Payable Days: 17
: 69
Debt to Equity (x): 0.32x
Interest Coverage (x): 5.35x
: 3.82x
Revenue Growth %: 43.44%
Operating Profit Growth %: 122.26%
Net Profit Growth %: 355.42%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 14.14
Book Value (₹): 96.56
Dividend per Share (₹): 0.00
Cash EPS (₹): 17.25
Operating Margin %: 26.38%
Net Margin %: 15.47%
ROE %: 15.81%
ROCE %: 18.71%
: 12.01%
Debtor Days: 37
Inventory Days: 61
Payable Days: 8
: 91
Debt to Equity (x): 0.20x
Interest Coverage (x): 9.71x
: 7.55x
Revenue Growth %: 5.56%
Operating Profit Growth %: 18.17%
Net Profit Growth %: 54.58%
: 54.25%
P/E (x): 19.50x
P/B (x): 2.86x
Dividend Yield %: 0.00%
: 12.13x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

: 40.98
: 2.15
: 2.61
Government: 0.00
: 53.33

Sep 2024

: 40.93
: 2.22
: 2.60
Government: 0.00
: 53.31

Dec 2024

: 41.24
: 2.19
: 2.60
Government: 0.00
: 53.02

Mar 2025

: 41.35
: 1.90
: 2.60
Government: 0.00
: 53.21

Jun 2025

: 41.27
: 1.79
: 2.60
Government: 0.00
: 53.42

Sep 2025

: 41.27
: 1.13
: 2.60
Government: 0.00
: 54.06

Dec 2025

: 41.27
: 1.41
: 0.87
Government: 0.00
: 55.52

Mar 2026

: 41.27
: 3.49
: 0.32
Government: 0.00
: 53.98

Jun 2026

: 41.27
: 1.13
: 0.22
Government: 0.00
: 56.45

Documents

Announcements

Copy of Newspaper Publication
2026-08-08 - Bharat Wire Ropes Limited has informed the Exchange about Copy of Newspaper Publication
ESOP/ESOS/ESPS
2026-08-07 - Bharat Wire Ropes Limited has informed the Exchange regarding Allotment of 198337 Shares.

Annual Reports

Credit Ratings

Credit Rating
2026-07-07 - Bharat Wire Ropes Limited has informed the Exchange about Credit Rating

Concalls

May 2026
TranscriptPPTREC
Feb 2026
TranscriptPPTREC
Nov 2025
TranscriptPPTREC