Bharat Wire Ropes Limited (BHARATWIRE)

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Bharat Wire Ropes Limited (BHARATWIRE) · mywealthgrid

About

Bharat Wire Ropes Limited manufactures wire ropes and iron and steel products within the Industrials sector. With a market cap of ₹1,290 Cr and operating margins at 21.38%, the company operates at mid-scale in a capital-intensive industrial market.

Face value: ₹10

Market cap

₹1,098 Cr

P/E

11.4×

P/B

1.5×

Dividend yield

ROE

10.4%

ROCE

13.6%

Debt / equity

0.18

OPM

21.4%

EPS (TTM)

₹14.1

Book value

₹107.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue decline: Mar 2026 at ₹141.5 Cr is 18% below Mar 2025; Jun 2026 at ₹130.4 Cr is 8% below Jun 2025 — verify if cyclical softness or structural demand loss

Margin compression: OPM fell from 23.35% (Sep 2025) to 19.58% (Jun 2026) while volumes also declined — verify if input costs, product mix, or competitive pricing is eroding margins

Profitability deterioration: EPS ₹1.79 (Jun 2026) is 21% below Jun 2025 ₹2.28 — verify leading indicators for the construction and industrial capex cycles that drive demand

Cyclical business model: wire-rope demand is tied to construction, mining, and industrial capex cycles — verify which end-markets and geographies represent largest exposure and current cycle position

Generated analysis · source review pending

Growth drivers

Low leverage (D/E 0.18) provides financial flexibility for growth capex or acquisitions

Operating margins at 21.38% sustain reinvestment capacity despite revenue moderation

Cyclical revenue exposure (₹130–172 Cr quarterly range) suggests industrial capex sensitivity; capex recovery would restore utilization — verify construction and capex spending trends

Modest market cap (₹1,290 Cr) may support consolidation or scale gains in the industrial sector

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹160.1-4.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.4%
+Profit CAGR of 74.3% over the last 3 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

69/100

Business quality: 50
Growth: 65
Valuation: 92

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	250	411	589	622	619
COGS	—	—	329	327	—
Gross profit	—	—	260	295	—
	—	—	121	131	—
	32	62	139	164	132
OPM %	13%	15.1%	23.6%	26.4%	21.4%
Depreciation	22	21	21	21	22
Interest	34	23	22	15	13
	1	1	1	1	1
Profit before tax	-23	18	97	129	98
Tax	—	—	34	33	—
Tax %	—	—	35.6%	25.3%	—
	-17	14	62	96	72
PAT margin %	-6.7%	3.3%	10.6%	15.5%	11.7%
EPS (₹)	—	—	9.7	14.2	—
EPS adjusted (₹)	-2.7	2.1	9.2	14.1	10.6
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	63	64	68	68	68
Reserves	373	388	492	593	668
	274	269	182	132	131
	37	53	39	24	88
Total equity & liabilities	747	774	781	817	956
	513	491	481	475	483
CWIP	—	—	3	12	—
Investments	—	—	2	2	—
	—	—	295	327	—
Total assets	747	774	781	817	956

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-244	24	83	85	74
	-1	-0	-13	-25	-62
	247	-25	-64	-61	-11
Net cash flow	2	-2	6	-0	1
Free cash flow	—	—	73	70	—
CFO / Operating profit %	-752.7%	38.1%	59.9%	52%	55.9%

Compounded sales growth

7 years: —
5 years: —
3 years: 15%
1 year: -0%

Compounded profit growth

7 years: —
5 years: —
3 years: 74%
1 year: -25%

Return on equity

7 years: —
5 years: 7%
3 years: 12%
Last year: 10%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	44.2%	47.4%	—
EBITDA margin %	13%	15.1%	23.6%	26.4%	21.4%
EBIT margin %	4.3%	9.9%	20.1%	23%	17.8%
PAT margin %	-6.7%	3.3%	10.6%	15.5%	11.7%
Working capital
Receivable days	—	—	30	46	—
Inventory days	—	—	122	110	—
Payable days	—	—	20	7	—
NWC days	—	—	132	150	—
Leverage
Current ratio	1.83	1.96	3.81	7.55	4.57
Debt to EBITDA	8.44	4.32	1.31	0.81	0.99
Debt to equity	0.63	0.6	0.32	0.2	0.18
Interest coverage	0.3	1.8	5.4	9.7	8.3
Asset turnover	0.34	0.53	0.75	0.76	0.65
Return ratios
Return on assets %	-2.2%	1.8%	8%	11.8%	7.6%
Return on capital employed %	1.7%	6.3%	17.3%	19.4%	13.6%
Return on equity %	-3.9%	3%	11.1%	14.6%	9.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.83%	39.83%	40.76%	40.98%	40.93%	41.24%	41.35%	41.27%	41.27%	41.27%	41.27%	41.27%
	1.1%	1.39%	2.99%	3.08%	3.15%	3.13%	2.83%	2.71%	2.07%	2.34%	4.42%	2.06%
	11.94%	10.79%	10.69%	2.61%	2.6%	2.6%	2.6%	2.61%	2.6%	0.87%	0.32%	19%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	47.13%	47.99%	45.56%	53.33%	53.32%	53.03%	53.22%	53.41%	54.06%	55.52%	53.99%	37.67%
No. of shareholders	—	—	—	—	—	—	—	—	32,812	33,400	31,679	31,626

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Bharat Wire Ropes Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

1 Sept 2026, 7:51 pmAGM/EGM

Notice Of 40Th Annual General Meeting Of The Company Is Scheduled To Be Held On Friday, 25Th September, 2026 At 12.30 PM

AGM PDF

28 Aug 2026, 3:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Aug 2026, 6:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 8:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

7 Aug 2026, 8:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

7 Aug 2026, 7:54 pmResult

Results-Un Audited Financial Results For The Quarter Ended June 30, 2026

Financial Results PDF

7 Aug 2026, 7:47 pmBoard Meeting

Board Meeting Outcome for Outcome Of 141St Meeting Of Board Of Director Of The Company Held On 07Th August, 2026

Outcome of Board Meeting PDF

3 Aug 2026, 2:45 pmBoard Meeting

Board Meeting Intimation for 141St Board Meeting Under Regulation 29(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Exchange filing PDF

Date	Category	Subject	Filing
1 Sept 2026, 7:51 pm	AGM/EGM AGM	Notice Of 40Th Annual General Meeting Of The Company Is Scheduled To Be Held On Friday, 25Th September, 2026 At 12.30 PM	PDF
28 Aug 2026, 3:45 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	44.2%	47.4%	—
EBITDA margin %	13%	15.1%	23.6%	26.4%	21.4%
EBIT margin %	4.3%	9.9%	20.1%	23%	17.8%
PAT margin %	-6.7%	3.3%	10.6%	15.5%	11.7%
Working capital
Receivable days	—	—	30	46	—
Inventory days	—	—	122	110	—
Payable days	—	—	20	7	—
NWC days	—	—	132	150	—
Leverage
Current ratio	1.83	1.96	3.81	7.55	4.57
Debt to EBITDA	8.44	4.32	1.31	0.81	0.99
Debt to equity	0.63	0.6	0.32	0.2	0.18
Interest coverage	0.3	1.8	5.4	9.7	8.3
Asset turnover	0.34	0.53	0.75	0.76	0.65
Return ratios
Return on assets %	-2.2%	1.8%	8%	11.8%	7.6%
Return on capital employed %	1.7%	6.3%	17.3%	19.4%	13.6%
Return on equity %	-3.9%	3%	11.1%	14.6%	9.8%

73 deals · 10 Aug 2021 – 6 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Jul 2026	LLOYDS ENTERPRISES LIMITED	Bulk	NSE	Sell	6,63,760	₹220.07	₹14.61 Cr
20 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	7,49,481	₹238.48	₹17.87 Cr
20 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	7,49,430	₹238.34	₹17.86 Cr
20 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	6,02,797	₹238.53	₹14.38 Cr
20 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	5,99,442	₹238.65	₹14.31 Cr
20 Apr 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	5,67,143	₹237.96	₹13.50 Cr
20 Apr 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	5,37,325	₹237.94	₹12.79 Cr
20 Apr 2026	NAND KISHORE TAORI	Bulk	NSE	Buy	4,22,700	₹240.10	₹10.15 Cr
20 Apr 2026	NAND KISHORE TAORI	Bulk	NSE	Sell	4,22,700	₹240.46	₹10.16 Cr
20 Apr 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	3,59,249	₹238.40	₹8.56 Cr

1–10 of 73

1 / 8

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Bharat Wire Ropes Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Board meetings1

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1