Bharat Wire Ropes
BHARATWIRE NSE
Bharat Wire Ropes
Industrial ProductsNSE: BHARATWIRE BSE: 539799 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹1,163 Cr
Volatility
Moderate
P/E Ratio
17.13
EBITDA
₹165 Cr
Return on Equity
14.56%
Debt to Equity
1.07
Book Value
₹62.28
EPS
₹14.07
52W High
₹262
52W Low
₹148.01
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
Weaknesses
4- Stock is trading at 2.76 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoters have pledged 51.0% of their holding.
Growth Rate
Revenue Growth
5.6% higher than
3Y
Net Income Growth
54.66% higher than
3Y
Cash Flow Change
2.42% lower than
3Y
ROE
31.05% higher than
3Y
ROCE
10.87% lower than
3Y
EBITDA Margin (Avg.)
11.92% lower than
3Y
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 159 | 157 | 147 | 133 | 152 | 162 | 172 | 142 | 165 | 143 | 141 | 130 |
| Expenses | 117 | 117 | 113 | 110 | 101 | 118 | 133 | 135 | 112 | 126 | 110 | 112 | 105 |
| Operating Profit | 41 | 42 | 44 | 37 | 33 | 34 | 29 | 37 | 30 | 38 | 33 | 30 | 26 |
| OPM % | 26% | 26% | 28% | 25% | 24% | 22% | 18% | 22% | 21% | 23% | 23% | 21% | 20% |
| Other Income | 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 |
| PBT | 32 | 33 | 35 | 29 | 24 | 26 | 20 | 28 | 21 | 30 | 24 | 22 | 17 |
| Tax % | 26% | 26% | 25% | 24% | 26% | 26% | 26% | 26% | 25% | 26% | 25% | 25% | 26% |
| Net Profit | 24 | 24 | 26 | 22 | 18 | 19 | 15 | 21 | 16 | 22 | 18 | 16 | 12 |
| EPS in Rs | 3.49 | 3.6 | 3.88 | 3.2 | 2.64 | 2.76 | 2.17 | 3.01 | 2.28 | 3.23 | 2.66 | 2.4 | 1.78 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 61 | 65 | 165 | 240 | 258 | 250 | 411 | 589 | 622 | 619 | 591 | 579 |
| Expenses | 67 | 52 | 59 | 147 | 222 | 229 | 218 | 348 | 450 | 458 | 487 | 460 | 453 |
| Operating Profit | 9 | 8 | 6 | 18 | 19 | 29 | 33 | 62 | 139 | 164 | 132 | 131 | 126 |
| OPM % | 12% | 14% | 9% | 11% | 8% | 11% | 13% | 15% | 24% | 26% | 21% | 22% | 22% |
| Other Income | -2 | 0 | 3 | 20 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 4 | 4 | 3 | 25 | 73 | 89 | 34 | 23 | 22 | 15 | 13 | 11 | 10 |
| Depreciation | 2 | 2 | 4 | 12 | 21 | 22 | 22 | 21 | 21 | 21 | 22 | 24 | 25 |
| PBT | 1 | 2 | 3 | 0 | -74 | -82 | -23 | 18 | 97 | 129 | 98 | 97 | 93 |
| Tax % | 70% | 40% | 16% | 20% | -40% | -26% | -26% | 24% | 36% | 25% | 26% | 25% | — |
| Net Profit | 0 | 1 | 2 | 0 | -45 | -61 | -17 | 14 | 62 | 96 | 72 | 72 | 69 |
| EPS in Rs | 0.11 | 0.3 | 0.54 | 0.06 | -9.91 | -13.56 | -2.68 | 2.14 | 9.17 | 14.16 | 10.58 | 10.57 | 10.07 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 45 | 45 | 45 | 45 | 45 | 63 | 64 | 68 | 68 | 68 | 69 |
| Reserves | 41 | 93 | 96 | 98 | 55 | -6 | -10 | 5 | 110 | 210 | 285 | 360 |
| Borrowings | 42 | 196 | 371 | 525 | 610 | 674 | 657 | 652 | 564 | 515 | 514 | 458 |
| Other Liabilities | 39 | 83 | 87 | 68 | 57 | 39 | 37 | 53 | 39 | 42 | 93 | 104 |
| Total Liabilities | 152 | 417 | 599 | 736 | 767 | 752 | 747 | 774 | 781 | 835 | 961 | 990 |
| Fixed Assets | 66 | 65 | 340 | 566 | 560 | 539 | 513 | 492 | 481 | 475 | 484 | 535 |
| CWIP | 11 | 159 | 142 | 2 | 1 | 1 | 1 | 0 | 3 | 13 | 47 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 0 |
| Other Assets | 75 | 193 | 117 | 169 | 206 | 213 | 233 | 282 | 294 | 345 | 430 | 451 |
| Total Assets | 152 | 417 | 599 | 736 | 767 | 752 | 747 | 774 | 781 | 835 | 961 | 990 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -6 | 36 | 17 | 32 | 83 | 151 | -244 | 24 | 83 | 85 | 73 | 98 |
| Investing | -5 | -193 | -259 | -98 | -14 | 0 | -1 | 0 | -13 | -25 | -62 | -31 |
| Financing | 11 | 227 | 172 | 90 | -90 | -152 | 247 | -25 | -64 | -61 | -11 | -66 |
| Net Cash Flow | 0 | 70 | -69 | 23 | -21 | -1 | 2 | -2 | 6 | 0 | 0 | 0 |
| Free Cash Flow | -11 | -113 | -242 | -67 | 68 | 151 | -246 | 23 | 70 | 60 | 9 | 66 |
| CFO/OP | -69 | 448 | 279 | 181 | 443 | 521 | -748 | 38 | 60 | 52 | 55 | 79 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 102 | 95 | 51 | 55 | 42 | 53 | 35 | 30 | 46 | 51 | 60 |
| Inventory Days | 274 | 325 | 334 | 243 | 213 | 174 | 148 | 113 | 122 | 110 | 131 | 140 |
| Days Payable | 97 | 86 | 150 | 124 | 76 | 24 | 25 | 44 | 20 | 7 | 18 | 12 |
| Cash Conversion Cycle | 245 | 341 | 280 | 170 | 192 | 191 | 176 | 104 | 132 | 150 | 164 | 188 |
| Working Capital Days | 67 | -87 | 81 | -36 | -212 | -396 | 104 | 91 | 120 | 165 | 186 | 219 |
| ROCE % | 6% | 3% | 1% | 4% | 0% | 1% | 2% | 6% | 16% | 19% | 13% | 12% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bharat Wire Ropes insights
61 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Board Meeting Intimation for 140Th Board Meeting Under Regulation 29(1) Of SEBI (LODR) Regulations, 2015.
8h - Board meeting on 16 May 2026 to approve FY26 audited results and CCPS final dividend. 8h - Board meeting on 16 May 2026 to approve FY26 audited results and CCPS final dividend.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Bharat Wire Ropes says it is not a Large Corporate as of 31 March 2026. 30 Apr - Bharat Wire Ropes says it is not a Large Corporate as of 31 March 2026.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Bharat Wire Ropes says it is not a Large Corporate as of 31 March 2026. 30 Apr - Bharat Wire Ropes says it is not a Large Corporate as of 31 March 2026.
5
Intimation Of Acquisition Of Shares By Shareholder(S)
23 Apr - Lloyds Metals and Energy, with Lloyds Enterprises, acquired 36.46 lakh shares; holding rose to 5.77% on 17 April 2026. 23 Apr - Lloyds Metals and Energy, with Lloyds Enterprises, acquired 36.46 lakh shares; holding rose to 5.77% on 17 April 2026.
Frequently Asked Questions about Bharat Wire Ropes
What does Bharat Wire Ropes Ltd do?
Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings.
[1]
Where is Bharat Wire Ropes Ltd (BHARATWIRE) listed?
Bharat Wire Ropes Ltd trades as BHARATWIRE on the NSE and under code 539799 on the BSE.
Which sector does Bharat Wire Ropes Ltd belong to?
Bharat Wire Ropes Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Bharat Wire Ropes Ltd?
Bharat Wire Ropes Ltd has a market capitalisation of ₹1,163 Cr, which places it in the Small Cap band.
What is the PE ratio of Bharat Wire Ropes Ltd?
Bharat Wire Ropes Ltd trades at a PE ratio of 17.13, on earnings per share of ₹14.07, against a book value of ₹62.28 per share.
What is the 52-week high and low of Bharat Wire Ropes Ltd?
Over the last 52 weeks Bharat Wire Ropes Ltd has traded between ₹148.01 and ₹262.
What is the Return on Equity (ROE) of Bharat Wire Ropes Ltd?
Bharat Wire Ropes Ltd reported a return on equity of 14.56%. Its debt-to-equity ratio is 1.07.
Company Information
Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings. [1]
Website bharatwireropes.com
CEO Mr. Mahender Singh Arora
Employees 529
Listed 2016-04-01
Face Value ₹ 10
Issued Size 6,85,84,648
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