Bharat Wire

Why is Bharat Wire Ropes Ltd falling/rising?

As of 02-Sep, Bharat Wire Ropes Ltd's stock price is rising to 176.10, marking a 4.6% increase after a trend reversal. This rise is supported by increased investor participation and a shift in market sentiment, despite the stock trading below its moving averages.

As of 02-Sep, Bharat Wire Ropes Ltd's stock price is rising, currently at 176.10, reflecting a change of 7.75 or 4.6% increase. This upward movement follows a trend reversal after two consecutive days of decline. The stock opened with a gain of 2.41% today and reached an intraday high of Rs 180.2, which is a 7.04% increase. Additionally, the stock has outperformed its sector by 4.84%. <BR><BR>Another contributing factor to the rise is the significant increase in investor participation, with delivery volume on 01 Sep rising by 278.97% compared to the 5-day average. Despite the stock trading below its moving averages across various time frames, the current positive momentum indicates a shift in market sentiment. Overall, these factors suggest a recovery phase for Bharat Wire Ropes Ltd, leading to the observed rise in its stock price.

Which are the latest news on Bharat Wire?

Who are in the management team of Bharat Wire?

The management team of Bharat Wire includes Venkateswararao Laxmanamurty Kandikuppa (Whole-time Director), Murarilal Ramsukh Mittal (Managing Director), Ruhi Mittal (Director), Sanjiv Swarup (Chairman & Independent Director), Mayank Mittal (Joint Managing Director), and several other independent directors and officers responsible for the company's operations and strategy.

The management team of Bharat Wire includes the following individuals:<BR><BR>1. **Venkateswararao Laxmanamurty Kandikuppa** - Whole-time Director<BR>2. **Murarilal Ramsukh Mittal** - Managing Director<BR>3. **Ruhi Mittal** - Director<BR>4. **Sanjiv Swarup** - Chairman & Independent Director<BR>5. **Mayank Mittal** - Joint Managing Director<BR>6. **Govinda Soni** - Company Secretary & Compliance Officer<BR>7. **Shiv Kumar Malu** - Independent Director<BR>8. **Sushil Radheshyam Sharda** - Whole-time Director (Finance)<BR>9. **Subhash Chander Kalia** - Independent Director<BR>10. **Anita Shantaram** - Independent Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Bharat Wire do?

Bharat Wire Ropes Ltd, a Micro Cap company in the Iron & Steel Products industry, specializes in manufacturing wire ropes and reported net sales of 130 Cr and a net profit of 12 Cr for June 2026. The company has a market cap of INR 1,272 Cr and key financial metrics include a P/E ratio of 13.00 and a return on equity of 8.52%.

Overview:<BR>Bharat Wire Ropes Ltd operates in the Iron & Steel Products industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was incorporated in 1986 as Bharat Ropes Private Limited and later became a Public Limited Company in 1992. It underwent a name change to Bharat Wire Ropes Limited in 1996. The most recent quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 130 Cr (Quarterly Results - Jun 2026)<BR>Net Profit: 12 Cr (Quarterly Results - Jun 2026)<BR>Market Cap: INR 1,272 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 13.00<BR>Industry P/E: 41<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.07<BR>Return on Equity: 8.52%<BR>Price to Book: 1.58<BR><BR>Contact Details:<BR>Address: Plot 1&4 Atgaon Industrial, Complex Taluka Shalpur Thane Maharashtra : 421601<BR>Tel: 91-2527-240123<BR>Email: compliance@bharatwireropes.com<BR>Website: http://www.bharatwireropes.com

Who are the peers of the Bharat Wire?

Bharat Wire's peers include Hi-Tech Pipes, Aeroflex Enterprises, Steel Exchange, and others. In terms of management risk and growth, Aeroflex and Cosmic CRF perform best, while Bharat Wire shows below-average management risk and a 1-year return of 6.83%.

Peers: The peers of Bharat Wire are Hi-Tech Pipes, Aeroflex Enter., Steel Exchange, Manaksia Coated, Electrotherm(I), Cosmic CRF, Mangalam World., BMW Industries, and Gandhi Spl. Tube.<BR><BR>Quality Snapshot: Excellent management risk is observed at Aeroflex Enter. and Cosmic CRF, while Good management risk is found at Hi-Tech Pipes, and Below Average management risk is present at Bharat Wire, Steel Exchange, and the rest. Growth is rated as Excellent for Aeroflex Enter. and Cosmic CRF, Good for Bharat Wire, Average for Hi-Tech Pipes and Manaksia Coated, and Below Average for Steel Exchange and the rest. Capital Structure is rated as Excellent for Aeroflex Enter. and Cosmic CRF, Good for Bharat Wire, Average for Hi-Tech Pipes and BMW Industries, and Below Average for Steel Exchange, Manaksia Coated, and the rest.<BR><BR>Return Snapshot: Aeroflex Enter. has the highest 1-year return at 58.66%, while Steel Exchange has the lowest at 20.78%. Bharat Wire's 1-year return of 6.83% is lower than Aeroflex Enter.'s but higher than Steel Exchange's. Additionally, Mangalam World. has a negative six-month return.

How big is Bharat Wire?

As of 31st August, Bharat Wire Ropes Ltd has a market capitalization of 1,272.00 Cr, with recent net sales of 621.84 Cr and a net profit of 96.20 Cr. The company has shareholder's funds of 660.63 Cr and total assets of 835.24 Cr as of March 2024.

As of 31st August, Bharat Wire Ropes Ltd has a market capitalization of 1,272.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Bharat Wire reported Net Sales of 621.84 Cr and a Net Profit of 96.20 Cr.<BR><BR>For the latest annual period ending March 2024, the company has Shareholder's Funds amounting to 660.63 Cr and Total Assets of 835.24 Cr.

Should I buy, sell or hold Bharat Wire Ropes Ltd?

When is the next results date for Bharat Wire Ropes Ltd?

The next results date for Bharat Wire Ropes Ltd is August 7, 2026.

The next results date for Bharat Wire Ropes Ltd is scheduled for August 7, 2026.

Are Bharat Wire Ropes Ltd latest results good or bad?

Bharat Wire Ropes Ltd's latest Q3 FY26 results are largely negative, showing a 17.72% decline in net profit and a 10.70% drop in revenue compared to previous quarters, despite a year-on-year profit increase. Overall, the company's performance indicates operational challenges, making the results more bad than good.

Bharat Wire Ropes Ltd's latest results for Q3 FY26 present a mixed picture, leaning towards the negative side. The company reported a net profit of ₹21.68 crore, which reflects a significant decline of 17.72% compared to the previous quarter. However, on a year-on-year basis, this figure shows a positive growth of 36.01%. <BR><BR>Revenue for the quarter was ₹142.82 crore, down 10.70% from the average of the previous four quarters, indicating a concerning trend of sequential revenue decline. Operating margins stood at 25.40%, which, while still healthy, have compressed from 27.92% in the previous quarter. <BR><BR>Additionally, the return on equity (ROE) at 9.54% is below industry standards, suggesting that the company is not generating adequate returns relative to the capital employed. The overall financial performance has been described as "flat," highlighting challenges in the current operating environment.<BR><BR>While there are some positive aspects, such as a strong interest coverage ratio and a low debt-equity ratio, the combination of declining revenues, profit margins, and underperformance relative to peers raises concerns about the company's near-term outlook. Therefore, the latest results could be considered more bad than good, reflecting operational challenges that need to be addressed.

Is Bharat Wire technically bullish or bearish?

As of December 4, 2025, the market trend is mildly bearish, influenced by daily moving averages and weekly Bollinger Bands indicating bearish momentum, despite some mildly bullish signals from the MACD and KST.

As of 4 December 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also signaling bearish conditions. While the weekly MACD and KST show mildly bullish signals, the overall monthly indicators remain bearish, including the MACD and Bollinger Bands. The Dow Theory presents a mixed view with a mildly bearish weekly outlook contrasted by a mildly bullish monthly perspective. The stock has underperformed significantly against the Sensex over various time frames, further supporting the bearish sentiment.

Is Bharat Wire overvalued or undervalued?

As of December 2, 2025, Bharat Wire is considered very attractive and undervalued with a PE ratio of 16.36 and an EV to EBITDA of 9.62, especially when compared to more expensive peers like Thermax and BEML Ltd, despite its recent stock performance trailing the Sensex.

As of 2 December 2025, Bharat Wire's valuation grade has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, with a PE ratio of 16.36, an EV to EBITDA of 9.62, and a ROCE of 12.82%. These metrics suggest that Bharat Wire is trading at a favorable valuation compared to its peers.<BR><BR>In comparison, Thermax, which is considered expensive, has a significantly higher PE ratio of 58.7 and an EV to EBITDA of 38.54, while BEML Ltd also shows expensive valuations with a PE of 50.43. This peer comparison reinforces the notion that Bharat Wire is undervalued in its industry. Despite recent stock performance trailing the Sensex, particularly with a year-to-date return of -17.6% compared to the Sensex's 8.96%, the underlying fundamentals present a compelling case for its attractiveness as an investment.

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 in the same period, indicating robust financial performance across key metrics.

Answer:<BR>The historical performance of Bharat Wire shows significant growth in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>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. Total operating income followed the same pattern, reaching 621.84 Cr in Mar'24. The company's operating profit (PBDIT) also saw substantial growth, rising from 62.76 Cr in Mar'22 to 139.49 Cr in Mar'23, and then to 164.84 Cr in Mar'24. Profit before tax improved significantly from 17.93 Cr in Mar'22 to 96.63 Cr in Mar'23, and further to 128.89 Cr in Mar'24. Correspondingly, profit after tax rose from 13.67 Cr in Mar'22 to 62.25 Cr in Mar'23, and reached 96.34 Cr in Mar'24. The earnings per share (EPS) reflected this growth, increasing from 2.14 in Mar'22 to 9.16 in Mar'23, and finally to 14.14 in Mar'24. On the balance sheet, total assets grew from 725.75 Cr in Mar'22 to 766.93 Cr in Mar'23, and further to 835.24 Cr in Mar'24, while total liabilities increased from 725.75 Cr to 766.93 Cr, and then to 835.24 Cr over the same period. The 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 financial performance with consistent growth across various metrics.

Who are the top shareholders of the Bharat Wire?

The top shareholders of Bharat Wire are Gyansankar Investment & Trading Co. Pvt. Ltd. with 31.81%, followed by Authum Investment And Infrastructure Limited at 15.66%. Individual investors own 27.77% of the shares, and 50.87% of promoter holdings are pledged, with 33 foreign institutional investors holding 2.83%.

The top shareholders of Bharat Wire include Gyansankar Investment & Trading Co. Pvt. Ltd., which holds the highest stake at 31.81%. Following that, Authum Investment And Infrastructure Limited is the largest public shareholder with a 15.66% holding. Additionally, individual investors collectively own 27.77% of the shares. It's also noteworthy that 50.87% of the promoter holdings are pledged, and the company has 33 foreign institutional investors holding 2.83% of the shares.

Has Bharat Wire declared dividend?

No Dividend History Available