Bharat Wire

Why is Bharat Wire Ropes Ltd falling/rising?

As of 16-Jul, Bharat Wire Ropes Ltd's stock price is at 205.80, down 0.6%, and has underperformed the Sensex over the past week and month. Despite a strong long-term growth outlook, recent declines in stock performance and trading volume indicate short-term weakness.

As of 16-Jul, Bharat Wire Ropes Ltd's stock price is falling, currently at 205.80, reflecting a decrease of 1.25 (-0.6%). The stock has underperformed compared to the benchmark Sensex, which has shown a slight increase of 0.58% over the past week, while Bharat Wire Ropes Ltd has declined by 4.52%. Over the past month, the stock has also decreased by 6.77%, contrasting with the Sensex's modest gain of 0.49%. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 0.25%. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 26.39% against the 5-day average. Although the stock is trading above its 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages, suggesting a short-term weakness in price momentum.<BR><BR>Despite these negative indicators, the company maintains a healthy long-term growth outlook, evidenced by an annual operating profit growth rate of 58.33% and a favorable debt-to-equity ratio of 0.26. However, the recent stock performance, combined with decreased trading volume and underperformance relative to benchmarks, contributes to the current decline in stock price.

Which are the latest news on Bharat Wire?

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

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 141 Cr and a net profit of 16 Cr for March 2026. The company has a market cap of INR 1,450 Cr and key financial metrics include a P/E ratio of 15.00 and a debt-equity ratio of 0.07.

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>Bharat Wire Ropes Limited was incorporated as Bharat Ropes Private Limited in 1986. It transitioned to a Public Limited Company in 1992 and subsequently changed its name to Bharat Wire Ropes Limited in 1996. The most recent quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 141 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 16 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 1,450 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 15.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.07 <BR>Return on Equity: 8.94% <BR>Price to Book: 1.80 <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

How big is Bharat Wire?

As of 10th June, Bharat Wire Ropes Ltd has a market capitalization of 1,450.00 Cr, with net sales of 621.84 Cr and net profit of 96.20 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Bharat Wire Ropes Ltd has a market capitalization of 1,450.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 621.84 Cr, while the sum of Net Profit for the same period is 96.20 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 660.63 Cr and Total Assets valued at 835.24 Cr.

Who are in the management team of Bharat Wire?

The management team of Bharat Wire includes key individuals such as Venkateswararao Laxmanamurty Kandikuppa (Whole-time Director), Murarilal Ramsukh Mittal (Managing Director), and Sanjiv Swarup (Chairman & Independent Director), among others, who oversee the company's governance and strategic direction.

The management team of Bharat Wire includes the following key 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 plays a crucial role in the governance and strategic direction of the company.

Who are the peers of the Bharat Wire?

Bharat Wire's peers include Rhetan TMT Ltd, MSP Steel & Pow., Hi-Tech Pipes, and others. In terms of management risk, Bharat Wire is rated below average, with a good growth outlook and a 1-year return of -6.91%, better than Hi-Tech Pipes but worse than Mahamaya Steel, which has the highest return at 187.56%.

Peers: The peers of Bharat Wire are Rhetan TMT Ltd, MSP Steel & Pow., Hi-Tech Pipes, Electrotherm(I), Mahamaya Steel, Steel Exchange, BMW Industries, Hariom Pipe, Aeroflex Enter, and Ratnaveer Precis.<BR><BR>Quality Snapshot: Below Average management risk is observed at Rhetan TMT Ltd, MSP Steel & Pow., Mahamaya Steel, Steel Exchange, and Bharat Wire, while Good management risk is found at Hi-Tech Pipes, Aeroflex Enter., and the rest. Growth is Good at Bharat Wire and Aeroflex Enter., Average at Hi-Tech Pipes, and Below Average at Rhetan TMT Ltd, MSP Steel & Pow., Mahamaya Steel, and Steel Exchange. Capital Structure is Good at Bharat Wire and BMW Industries, Average at Hi-Tech Pipes and Hariom Pipe, and Below Average at Rhetan TMT Ltd, MSP Steel & Pow., Mahamaya Steel, and Steel Exchange.<BR><BR>Return Snapshot: Mahamaya Steel has the highest 1-year return at 187.56%, while Hi-Tech Pipes has the lowest at -19.44%, with Bharat Wire's 1-year return at -6.91% indicating it is better than Hi-Tech Pipes but worse than Mahamaya Steel. Additionally, the six-month return is negative for Hi-Tech Pipes and Bharat Wire.

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

The next results date for Bharat Wire Ropes Ltd is 16 May 2026.

The next results date for Bharat Wire Ropes Ltd is scheduled for 16 May 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