How has been the historical performance of Bharat Wire?
Bharat Wire has shown significant growth over the past three years, with net sales increasing from 410.68 Cr in Mar'22 to 621.84 Cr in Mar'24, and profit after tax rising from 13.67 Cr to 96.34 Cr. The company also improved its operating profit margin from 15.14% to 26.38%, reflecting enhanced profitability and shareholder value.
Answer:The historical performance of Bharat Wire shows significant growth over the past three years, particularly in net sales and profitability.Breakdown:
Bharat Wire's net sales increased from 410.68 Cr in Mar'22 to 589.06 Cr in Mar'23, and further to 621.84 Cr in Mar'24, indicating a strong upward trend. The total operating income mirrored this growth, reaching 621.84 Cr in Mar'24. The company managed to reduce raw material costs from 339.27 Cr in Mar'23 to 320.11 Cr in Mar'24, while employee costs rose to 59.57 Cr in Mar'24 from 44.30 Cr in Mar'23. Operating profit (PBDIT) saw a substantial rise from 62.76 Cr in Mar'22 to 164.84 Cr in Mar'24, with a corresponding increase in the operating profit margin from 15.14% to 26.38%. Profit before tax also improved significantly, climbing from 17.93 Cr in Mar'22 to 128.89 Cr in Mar'24, while profit after tax reached 96.34 Cr in Mar'24, up from 13.67 Cr in Mar'22. The earnings per share (EPS) rose dramatically from 2.14 in Mar'22 to 14.14 in Mar'24. On the balance sheet, total liabilities increased to 835.24 Cr in Mar'24 from 725.75 Cr in Mar'22, while total assets also grew to 835.24 Cr. The book value per share adjusted significantly from 10.82 in Mar'22 to 40.85 in Mar'24, reflecting enhanced shareholder value. Cash flow from operating activities remained stable, showing a slight increase from 83.00 Cr in Mar'23 to 85.00 Cr in Mar'24. Overall, Bharat Wire has demonstrated robust growth in sales, profitability, and shareholder value over the past three years.
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