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Bharat Wire Ropes

BHARATWIRE NSE
₹149.95 No trade today
P/E
14.89
View as Markdown
MCP
Close 4 Nov 2026 ₹149.95 −49.56 −24.8% 1Y
Start ₹199.51

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
12.30%
Debt to Equity
1.07
EPS (TTM)
₹10.07
Book Value
₹62.28
Market Cap
—
P/E (TTM)
14.89
P/B
2.41
ROE
18.50%
Dividend Yield
0.00%
EBITDA
₹165 Cr
52W High
₹262.00
52W Low
₹140.50
Volume
0

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Bharat Wire Ropes peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Bharat Wire Ropes (this company)
₹149.9514.89₹1,054 Cr2.410.00%18.50%12.30%₹579 Cr₹68 Cr
Median 8 companies₹880.2829.40₹16,390 Cr3.920.39%15.35%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

44 Weak

Data confidence 100/100

pledge:51%

Category scores

Quality
70
Strong
Returns, margins, earnings quality 22% weight
Valuation
68
Strong
Cheap vs sector & own history 24% weight
Growth
14
Poor
Sales & profit trajectory 9% weight
Financial Health
37
Poor
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 2.60 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBullish162
Moving AveragesStrong Bearish901

Key readings

RSI (14)
43.62
Neutral
MACD (12,26,9)
−4.81
Bullish
SMA (50)
167.04
Bearish
SMA (200)
187.61
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+25.49%
5Y+18.78%
3Y+0.11%
1Y−4.52%
TTM−7.80%

Net profit

Net profit growth by window
10Y+53.37%
5YTurned to profit
3Y+5.11%
1Y0.00%
TTM−4.23%

Operating cash flow

Operating cash flow growth by window
10Y+10.53%
5YTurned positive
3Y+5.69%
1Y+34.25%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+9.06 pp
5Y+8.97 pp
3Y−1.43 pp
1Y+0.85 pp
TTM+1.23 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹65.00 Cr
Mar 2018₹165 Cr
Mar 2019₹240 Cr
Mar 2020₹258 Cr
Mar 2021₹250 Cr
Mar 2022₹411 Cr
Mar 2023₹589 Cr
Mar 2024₹622 Cr
Mar 2025₹619 Cr
Mar 2026₹591 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹2.00 Cr
Mar 2018₹0.00 Cr
Mar 2019−₹45.00 Cr
Mar 2020−₹61.00 Cr
Mar 2021−₹17.00 Cr
Mar 2022₹14.00 Cr
Mar 2023₹62.00 Cr
Mar 2024₹96.00 Cr
Mar 2025₹72.00 Cr
Mar 2026₹72.00 Cr

Quarterly Results

₹ Cr
BHARATWIRE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
158
159
157
147
133
152
162
172
142
165
143
141
130
181
Expenses
117
117
113
110
101
118
133
135
112
126
110
112
105
148
Operating Profit
41
42
44
37
33
34
29
37
30
38
33
30
26
33
OPM %
26%
26%
28%
25%
24%
22%
18%
22%
21%
23%
23%
21%
20%
18%
Other Income
0
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
3
Depreciation
5
5
5
5
5
5
6
6
6
6
6
6
7
7
PBT
32
33
35
29
24
26
20
28
21
30
24
22
17
24
Tax %
26%
26%
25%
24%
26%
26%
26%
26%
25%
26%
25%
25%
26%
28%
Net Profit
24
24
26
22
18
19
15
21
16
22
18
16
12
17
EPS (₹)
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
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
BHARATWIRE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
BHARATWIRE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
BHARATWIRE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

BHARATWIRE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bharat Wire Ropes insights

68 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.15%
  • Public 26.13%
  • DIIs 18.95%
  • Others 11.60%
  • FIIs 2.17%

51.00% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Sep 2026
    PPT
  • Q4 FY26 concall · May 2026
    PPT
  • Concall · Feb 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Concall · Nov 2025
    PPT

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.
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 PE ratio of Bharat Wire Ropes Ltd?
Bharat Wire Ropes Ltd trades at a PE ratio of 14.89 as of 4 Nov 2026, on earnings per share of ₹10.07, 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 ₹140.5 and ₹262 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Bharat Wire Ropes Ltd?
Bharat Wire Ropes Ltd reported a return on equity of 18.50%. 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.

Website bharatwireropes.com
CEO Mr. Mahender Singh Arora
Employees 529
Listed 1 Apr 2016
Face Value ₹10

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