MarketFriction

Bharat Wire Ropes Ltd

NSE BHARATWIRE · BSE 539799 · Iron & Steel Products
₹160.12 -2.58%
NSE close2026-10-01
52 week range148.01 - 262.00
Market cap₹1,147 Cr.
P/E16.6
IPO 2016 · +256% since Price band 20% Delivery 39.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales159157147133152162172142165143141130
Expenses117113110101118133135112126110112105
Operating Profit424437333429373038333026
OPM %26%28%25%24%22%18%22%21%23%23%21%20%
Other Income000000000000
Interest434334443223
Depreciation555556666667
Profit before tax333529242620282130242217
Tax %26%25%24%26%26%26%26%25%26%25%25%26%
Net Profit242622181915211622181612
EPS in Rs3.603.883.202.642.762.173.012.283.232.662.401.78
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6165165240258250411589622619591579
Expenses5259147222229218348450458487460453
Operating Profit861819293362139164132131126
OPM %14%9%11%8%11%13%15%24%26%21%22%22%
Other Income0320100111111
Interest4325738934232215131110
Depreciation2412212222212121222425
Profit before tax230-74-82-231897129989793
Tax %40%16%20%-40%-26%-26%24%36%25%26%25%
Net Profit120-45-61-17146296727269
EPS in Rs0.300.540.06-9.91-13.56-2.682.149.1714.1610.5810.5710.07
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth26%19%0%-8%
Compounded Profit Growth49%45%5%-1%
Stock Price CAGR15%22%-15%8%
Return on Equity12%28%26%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital294545454545636468686869
Reserves4193969855-6-105110210285360
Borrowings42196371525610674657652564515514458
Other Liabilities3983876857393753394293104
Total Liabilities152417599736767752747774781835961990
Fixed Assets6665340566560539513492481475484535
CWIP1115914221110313474
Investments000000002200
Other Assets75193117169206213233282294345430451
Total Assets152417599736767752747774781835961990
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-636173283151-2442483857398
Cash from Investing Activity-5-193-259-98-14-0-1-0-13-25-62-31
Cash from Financing Activity1122717290-90-152247-25-64-61-11-66
Net Cash Flow-070-6923-21-12-26-00-0
Free Cash Flow-11-113-242-6768151-246237060966
CFO/OP-69%448%279%181%443%521%-748%38%60%52%55%79%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6710295515542533530465160
Inventory Days274325334243213174148113122110131140
Days Payable9786150124762425442071812
Cash Conversion Cycle245341280170192191176104132150164188
Working Capital Days67-8781-36-212-39610491120165186219
ROCE %6%3%1%4%-0%1%2%6%16%19%13%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters39.83%39.83%40.77%40.98%40.93%41.25%41.36%41.27%41.27%41.27%41.27%41.27%
FIIs1.10%1.39%3.00%3.08%3.15%3.12%2.83%2.72%2.06%2.34%4.42%2.06%
DIIs2.70%2.63%2.62%2.61%2.60%2.60%2.60%2.61%2.60%0.87%0.32%19.00%
Public56.38%56.15%53.64%53.33%53.32%53.02%53.22%53.40%54.06%55.52%54.00%37.68%
No. of Shareholders24,74122,88723,63028,32730,37231,33831,43232,20432,81233,40031,67931,626

Fundamentals

Market Cap₹ 1,147 Cr.
Current Price₹ 167
Stock P/E16.6
Book Value₹ 62.4
ROCE12.3 %
ROE18.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-8%
Compounded Profit Growth (TTM)-1%
Standalone figures.
Valuation
Market capRs 1,098 Cr
Enterprise valueRs 1,538 Cr
P/E (TTM)15.90x
Price to book2.56x
Price to sales1.90x
EV / EBITDA12.08x
EV / EBIT14.96x
EV / sales2.65x
Price to cash flow11.24x
Earnings yield6.29%
P/E, 3-year average17.52x
P/B, 3-year average4.33x
P/E, 5-year average20.27x
P/B, 5-year average5.04x
Profitability
Operating margin (excl. other income)22.14%
Operating margin (incl. other income)22.31%
EBITDA margin21.99%
Pre-tax margin16.02%
Net profit margin11.93%
Net margin, latest quarter9.38%
ROE18.53%
ROCE12.32%
ROA7.43%
ROE, 3-year average27.91%
ROCE, 3-year average14.81%
ROA, 3-year average9.14%
ROE, 5-year average31.34%
ROCE, 5-year average13.29%
ROA, 5-year average7.44%
ROIC (approx.)8.85%
Tax rate25.26%
Other income / net worth0.24%
Growth
Sales growth (latest year)-4.65%
Profit growth (latest year)0.10%
Sales CAGR, 3 years0.08%
Sales CAGR, 5 years18.74%
Profit CAGR, 3 years5.19%
Sales growth QoQ-7.84%
Profit growth QoQ-25.70%
Sales growth YoY (latest quarter)-7.95%
Profit growth YoY (latest quarter)-21.65%
Per share
EPS (TTM)Rs 10.07
EPS (latest year)Rs 10.56
EPS (latest quarter)Rs 1.78
EPS, 3-year averageRs 11.77
EPS, 5-year averageRs 9.32
Book value per shareRs 62.43
Sales per shareRs 84.46
Cash flow per shareRs 14.24
Free cash flow per shareRs 9.62
Efficiency
Asset turnover0.60x
Fixed asset turnover1.10x
Inventory turnover3.05x
Inventory days119 days
Debtor days60 days
Debtors turnover6.07x
Creditor days12 days
Cash conversion cycle188 days
Working capital days219 days
Leverage
Total debtRs 458 Cr
Cash and bankRs 18 Cr
Net debtRs 440 Cr
Debt to equity1.07x
Net debt / EBITDA3.45x
Interest coverage10.24x
Current ratio (filing 2026-03-31)6.57x
Quick ratio (filing 2026-03-31)4.81x
Trade payables (filing 2026-03-31)Rs 10 Cr
Owners' fund to total sources43.25%
Debt to assets46.22%
Cash flow
Cash from Operating Activity (latest year)Rs 98 Cr
Cash from Investing Activity (latest year)Rs -31 Cr
Cash from Financing Activity (latest year)Rs -66 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 66 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years1.15x
Sales to cash flow6.04x
Statement figures
Net sales (TTM)Rs 579 Cr
Net sales (latest year)Rs 591 Cr
Sales (latest quarter)Rs 130 Cr
Operating profit excl. other income (latest year)Rs 131 Cr
Operating profit (latest quarter)Rs 26 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 127 Cr
PBDT (TTM)Rs 117 Cr
Profit before tax (TTM)Rs 93 Cr
Tax (latest year)Rs 24 Cr
Net profit (TTM)Rs 69 Cr
Net profit (latest year)Rs 72 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 358 Cr
Total expenditure (latest year)Rs 460 Cr
Total income (latest year)Rs 592 Cr
Share capitalRs 69 Cr
ReservesRs 360 Cr
Shareholders' fundsRs 428 Cr
Total assetsRs 990 Cr
Net blockRs 535 Cr
Capital work in progressRs 4 Cr
ReceivablesRs 97 Cr
InventoryRs 117 Cr
Other liabilitiesRs 104 Cr
Shares outstanding (crore)6.86
Ownership
Promoter holding41.27% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.9 is at the 6th percentile of its own 5.3-year range (median 25.9, low 13.3, high 376.2).
P/B 2.56 is at the 12th percentile (median 5.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBHARATWIRENifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-8.1%-6.8% -1.3 pts
3 months-24.5%-7.6% -16.9 pts
6 months+1.6%+0.4% +1.2 pts
1 year-0.5%-9.9% +9.5 pts
2 years-38.4%-13.6% -24.8 pts
3 years-41.4%+14.2% -55.6 pts
5 years+159.3%+27.9% +131.4 pts

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-03-07: Bharat Wire Ropes Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹130 Cr -8.5% vs Jun 2025. Net profit ₹12 Cr -25.0%.
Against our estimate for Jun 2026: sales +7.5%, profit -17.0% miss. Our estimate for Sep 2026: sales Rs 143 Cr, profit Rs 17 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-07-14Annual General Meeting
2022-08-02Annual General Meeting
2021-08-12 Annual General Meeting
2020-09-03 Annual General Meeting
2018-08-02 Annual General Meeting
2017-08-31 Annual General Meeting
2016-07-28 Annual General Meeting
DateTypeWhat it says
2026-09-28Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-03General UpdatesGeneral Updates
2026-09-03Concall / analyst meetSchedule of meet
2026-09-03Investor PresentationInvestor Presentation
2026-09-01General UpdatesBusiness Responsibility and Sustainability Report for the FY 2025-26
2026-09-01Record DateRecord date for the purpose of Record date for Remote E-voting for the 40th Annual General Meeting is 18-Sep-2026.
2026-09-01Record DateRecord date for the purpose of Record date for Remote E-voting for the 40th Annual General Meeting is 18-Sep-2026.
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-07ESOPAllotment of 198337 Shares.
2026-08-07AppointmentAppointment of Mr as Executive Director of the company w.e.f. May 19, 2027.
2026-08-07Board meeting outcomeOutcome of Board Meeting held on August 07, 2026.
2026-08-07Board meeting outcomeBharat Wire Ropes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Credit RatingCredit Rating
2026-07-02General UpdatesGeneral Updates
2026-06-18General UpdatesGeneral Updates
2026-06-17Concall / analyst meetSchedule of meet
2026-06-11General UpdatesGeneral Updates
2026-06-10General UpdatesGeneral Updates
2026-06-09Disclosure under SEBI TakeovBharat Wire Ropes Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-05-28Investor PresentationInvestor Presentation
2026-05-16Board meeting outcomeBharat Wire Ropes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-16AppointmentAppointment of Appointment of Auditor as Other of the company w.e.f. May 16, 2026.
2026-05-16Board meeting outcomeBharat Wire Ropes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bharat Wire Ropes Ltd?

Bharat Wire Ropes Ltd (BHARATWIRE) has a market capitalisation of Rs 1,147 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bharat Wire Ropes Ltd?

Bharat Wire Ropes Ltd trades at a P/E of 16.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bharat Wire Ropes Ltd's latest quarterly results?

In the Jun 2026 quarter, Bharat Wire Ropes Ltd sales was Rs 130 Cr (-8.5% vs Jun 2025) and net profit was Rs 12 Cr.

What is the 52-week high and low of Bharat Wire Ropes Ltd?

The 52-week high is Rs 262.00 and the 52-week low is Rs 148.01.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03