How has been the historical performance of the Bharat Wire?
Bharat Wire has shown strong financial growth over the past three years, with net sales increasing from Rs 410.68 crore to Rs 621.84 crore, operating profit rising from Rs 62.76 crore to Rs 164.84 crore, and profit after tax growing from Rs 13.67 crore to Rs 96.34 crore, alongside a significant reduction in total debt. Overall, the company has improved its profitability and financial health significantly.
Answer:The historical performance of Bharat Wire shows a positive trend in key financial metrics over the past three years.Breakdown:
Bharat Wire's net sales increased from Rs 410.68 crore in March 2022 to Rs 621.84 crore in March 2024, reflecting a strong growth trajectory. The total operating income followed a similar pattern, rising from Rs 410.68 crore in March 2022 to Rs 621.84 crore in March 2024. The company's operating profit (PBDIT) also saw significant improvement, climbing from Rs 62.76 crore in March 2022 to Rs 164.84 crore in March 2024, with an operating profit margin that improved from 15.14% to 26.38% over the same period. Profit before tax surged from Rs 17.93 crore in March 2022 to Rs 128.89 crore in March 2024, and profit after tax rose from Rs 13.67 crore to Rs 96.34 crore, indicating a robust increase in profitability. The earnings per share (EPS) experienced substantial growth, increasing from Rs 2.14 in March 2022 to Rs 14.14 in March 2024. On the balance sheet, total assets grew from Rs 725.75 crore in March 2022 to Rs 835.24 crore in March 2024, while total liabilities also increased, but at a slower pace, from Rs 725.75 crore to Rs 835.24 crore. The company reduced its total debt significantly from Rs 261.74 crore in March 2022 to Rs 118.94 crore in March 2024, showcasing improved financial health. Overall, Bharat Wire has demonstrated strong growth in sales, profits, and asset management over the past three years.
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