Bharat Wire

Who are in the management team of Bharat Wire?

As of March 2023, 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 independent directors, along with the Company Secretary. They oversee the company's operations and strategic direction.

As of March 2023, 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.

Has Bharat Wire declared dividend?

No Dividend History Available

Who are the peers of the Bharat Wire?

Bharat Wire's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Hariom Pipe, BMW Industries, Cosmic CRF, Steel Exchange, and Sat Industries. Bharat Wire has below average management and capital structure risks, with a 1-year return of -31.82%, compared to peers like Welspun Corp, which has the highest return at 68.56%.

Peers: The peers of Bharat Wire are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Hariom Pipe, BMW Industries, Cosmic CRF, Steel Exchange, and Sat Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Hariom Pipe, and Average management risk is present at Jindal Saw, BMW Industries, Cosmic CRF, and Sat Industries. Below Average management risk is noted for Bharat Wire and Steel Exchange. Excellent growth is seen at APL Apollo Tubes, Hariom Pipe, and Cosmic CRF, while Good growth is observed at Bharat Wire, and Average growth is found at Shyam Metalics and Ratnamani Metals. Below Average growth is noted for Welspun Corp and Jindal Saw, while the rest have varying ratings. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is seen at Cosmic CRF and Average capital structure is noted for Welspun Corp, Hariom Pipe, BMW Industries, and Sat Industries. Below Average capital structure is observed at Bharat Wire, Jindal Saw, and Steel Exchange.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.56%, while the lowest is Jindal Saw at -22.93%. Bharat Wire's own 1-year return is -31.82%, which is lower than both. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, Hariom Pipe, BMW Industries, Steel Exchange, and Sat Industries.

What does Bharat Wire do?

Bharat Wire Ropes Ltd, established in 1986, operates in the Iron & Steel Products industry, focusing on wire ropes. As of March 2025, it reported net sales of ₹1,718 Cr and a net profit of ₹206 Cr, with a market cap of ₹1,513 Cr.

Overview:<BR>Bharat Wire Ropes Ltd is a company operating in the Iron & Steel Products industry and is categorized as a Small Cap entity.<BR><BR>History:<BR>Bharat Wire Ropes Limited was incorporated in 1986 as Bharat Ropes Private Limited and later became a Public Limited Company in 1992. The company underwent a name change to Bharat Wire Ropes Limited in 1996. The most recent quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,718 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 206 Cr (Quarterly Results - Mar 2025)<BR>- Market cap: INR 1,513 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 21.00<BR>- Industry P/E: 38<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.17<BR>- Return on Equity: 10.34%<BR>- Price to Book: 2.15<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 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.

How big is Bharat Wire?

As of 24th July, Bharat Wire Ropes Ltd has a market capitalization of 1,428.00 Cr, with recent net sales of 621.84 Cr and a net profit of 96.20 Cr. The balance sheet for March 2024 shows shareholder's funds of 660.63 Cr and total assets of 835.24 Cr.

As of 24th July, Bharat Wire Ropes Ltd has a market capitalization of 1,428.00 Cr, categorizing it as a Small 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>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 660.63 Cr and Total Assets of 835.24 Cr.

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.

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.

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.

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

The next results date for Bharat Wire Ropes Ltd is February 2, 2026.

The next results date for Bharat Wire Ropes Ltd is scheduled for February 2, 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.

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

Why is Bharat Wire Ropes Ltd falling/rising?

As of 17-Mar, Bharat Wire Ropes Ltd's stock price is rising to Rs 159.50, reflecting a 3.57% increase after a trend reversal. However, it has underperformed over the year and month, with decreased investor participation, indicating potential caution for future trading.

As of 17-Mar, Bharat Wire Ropes Ltd's stock price is rising, currently at Rs 159.50, which reflects an increase of Rs 5.5 or 3.57%. This upward movement comes after a trend reversal, as the stock has gained after three consecutive days of decline. Additionally, the stock has outperformed its sector by 3.34% today, indicating a stronger performance relative to its peers.<BR><BR>Despite this positive movement, it is important to note that the stock has been underperforming over various time frames, with a year-to-date decline of 12.07% compared to the Sensex's 10.74%. The stock has also shown a significant drop of 9.19% over the past month. Furthermore, it is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bearish trend.<BR><BR>Investor participation has also decreased, with delivery volume falling by 16.17% against the 5-day average, suggesting a decline in interest among investors. However, the stock remains liquid enough for trading, as indicated by its trading volume relative to the average.<BR><BR>In summary, while Bharat Wire Ropes Ltd is experiencing a rise in its stock price today, this is occurring against a backdrop of recent declines and lower investor participation, which may suggest caution moving forward.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 18-Mar, Bharat Wire Ropes Ltd's stock price is rising to 168.30, up 6.69%. This increase is driven by strong sector performance and recent gains, despite some concerns like decreased investor participation and pledged promoter shares.

As of 18-Mar, Bharat Wire Ropes Ltd's stock price is rising, currently at 168.30, reflecting a change of 10.55 (6.69%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 4.78% today and has shown a consecutive gain over the last two days, with a total return of 9.29% during this period. Additionally, the stock reached an intraday high of Rs 169.75, indicating strong buying interest.<BR><BR>Despite a decline in performance over the past month and year-to-date, where the stock is down 10.41% and 7.22% respectively, it has demonstrated resilience over a longer timeframe, with a 4.28% increase over the past year and a significant 53.77% rise over the last three years. The company's low debt-to-equity ratio of 0.36 and healthy long-term growth, with an annual operating profit growth rate of 48.57%, contribute positively to its valuation.<BR><BR>However, it is important to note that there are some negative factors at play, such as a decrease in investor participation, with delivery volume falling by 36.89% against the 5-day average. Additionally, 51% of promoter shares are pledged, which can exert downward pressure in a falling market. Despite these concerns, the current upward movement in stock price is primarily driven by recent gains and positive performance relative to the sector.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 19-Mar, Bharat Wire Ropes Ltd's stock price is at 165.30, down 1.9%, following a trend reversal after two days of gains. The stock has underperformed its sector and has seen a significant decline over the past month, with concerning financial trends including a drop in net sales and a high percentage of pledged shares.

As of 19-Mar, Bharat Wire Ropes Ltd's stock price is falling, currently at 165.30, down by 3.2 points or 1.9%. This decline follows a trend reversal after two consecutive days of gains, indicating a shift in market sentiment. The stock opened with a loss of 2.08% today and reached an intraday low of Rs 163.45, reflecting a significant drop of 3% during the trading session.<BR><BR>In terms of performance, the stock has underperformed its sector by 0.27% today. Over the past month, it has seen a substantial decline of 10.77%, which is more pronounced than the Sensex's drop of 10.05% during the same period. Year-to-date, the stock is down 8.88%, while the Sensex has fallen by 12.92%. <BR><BR>Additionally, the company's financials reveal some concerning trends. The net sales for the last quarter fell by 10.7% compared to the previous four-quarter average, and the cash and cash equivalents are at their lowest level of Rs 6.35 crore. Furthermore, 51% of promoter shares are pledged, which can exert additional downward pressure on the stock price, especially in a declining market.<BR><BR>Despite some positive factors, such as a low debt-to-equity ratio and healthy long-term growth in operating profit, the immediate market reaction appears to be negative, driven by recent poor performance metrics and the high level of pledged shares.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 20-Mar, Bharat Wire Ropes Ltd's stock price is at Rs 166.50, reflecting a 0.91% increase today and a 7.49% gain over the past week. However, it has declined 6.75% over the past month and 8.21% year-to-date, indicating mixed signals regarding its long-term performance despite recent gains.

As of 20-Mar, Bharat Wire Ropes Ltd's stock price is rising, currently at Rs 166.50, reflecting an increase of Rs 1.5 or 0.91%. The stock has shown a strong performance today, outperforming its sector by 0.65%. Additionally, it reached an intraday high of Rs 168.7, which is a 2.24% increase. Over the past week, the stock has gained 7.49%, while the benchmark Sensex has remained nearly flat with a change of -0.04%. <BR><BR>However, it is important to note that despite today's rise, the stock has experienced a decline over the past month, down 6.75%, and a year-to-date decrease of 8.21%. The stock's performance over longer periods shows a significant increase of 51.68% over three years and an impressive 326.92% over five years, indicating a strong long-term growth trend. <BR><BR>Investor participation has been falling, with delivery volume dropping by 41.92% compared to the five-day average, which may indicate a lack of sustained interest despite today's price increase. The stock is currently trading above its five-day moving average but below its longer-term moving averages, suggesting mixed signals regarding its momentum. Overall, the current rise in price can be attributed to today's performance and recent weekly gains, despite the broader context of declining performance over the longer term.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 23-Mar, Bharat Wire Ropes Ltd's stock price is declining, currently at Rs 154.95, down 6.4%. The stock has underperformed the market significantly, with a year-to-date drop of 14.58% and reduced investor participation, indicating a bearish trend.

As of 23-Mar, Bharat Wire Ropes Ltd's stock price is falling, currently at Rs 154.95, which reflects a decrease of Rs 10.6 or 6.4%. The stock has underperformed the sector by 2.29% today and opened with a loss of 2.75%. It reached an intraday low of Rs 154, marking a decline of 6.98%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.<BR><BR>The stock's performance over the past month shows a decline of 13.12%, which is worse than the Sensex's drop of 12.72%. Year-to-date, Bharat Wire Ropes has fallen by 14.58%, and over the past year, it has decreased by 17.93%, significantly underperforming the market, which saw a negative return of only 5.47%. <BR><BR>Investor participation has also diminished, with delivery volume dropping by 55.67% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors. Furthermore, the company has reported flat results, with net sales falling by 10.7% compared to the previous quarter's average, and its cash and cash equivalents are at their lowest level. The high percentage of pledged promoter shares (51%) adds to the downward pressure on the stock in a falling market.<BR><BR>Overall, these factors contribute to the stock's decline, reflecting a combination of poor financial performance, reduced investor interest, and broader market trends.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 24-Mar, Bharat Wire Ropes Ltd's stock price has risen by 1.32% today, but it has experienced a decline of 11.05% over the past month and is trading below all moving averages, indicating a bearish trend. Investor participation has also decreased significantly, reflecting ongoing negative performance.

As of 24-Mar, Bharat Wire Ropes Ltd's stock price is currently rising, with a change of 2.05, representing an increase of 1.32%. Despite this uptick, the stock has shown a negative performance in the short term, with a decline of 0.48% over the past week and a significant drop of 11.05% over the past month. The stock opened today with a loss of 2.55% and touched an intraday low of Rs 150.5, which is close to its 52-week low of Rs 150.35.<BR><BR>The stock is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Additionally, investor participation has decreased, as evidenced by a 12.69% drop in delivery volume compared to the 5-day average. While the engineering sector has gained by 2.21%, Bharat Wire Ropes Ltd has underperformed its sector by 0.93% today.<BR><BR>Overall, while there is a slight rise in the stock price today, the broader context shows a continued downward trend in performance and investor interest.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 25-Mar, Bharat Wire Ropes Ltd's stock price is rising to 159.80, driven by short-term gains and increased investor participation, despite a longer-term decline of 11.91% year-to-date. The stock's performance aligns with the sector's growth, and its attractive valuation is supported by strong long-term profit growth and low debt.

As of 25-Mar, Bharat Wire Ropes Ltd's stock price is rising, currently at 159.80, reflecting an increase of 3.55 or 2.27%. This upward movement can be attributed to several factors. Firstly, the stock has been gaining for the last two days, with a total return of 3.13% during this period. Additionally, it opened with a gain of 2.53% today and reached an intraday high of Rs 163.85, which is a 4.86% increase.<BR><BR>The stock's performance is also in line with the sector, as the Engineering - Industrial Equipments sector has gained by 2.18%. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 17.06% against the 5-day average, indicating growing interest in the stock.<BR><BR>Despite the positive short-term movements, it is important to note that Bharat Wire Ropes Ltd has been underperforming in the longer term, with a year-to-date decline of 11.91% and a one-year return of -11.25%. However, the company's healthy long-term growth, evidenced by an annual operating profit growth rate of 48.57%, and a low debt-to-equity ratio of 0.36 times, contribute to its attractive valuation compared to peers. <BR><BR>In summary, the recent rise in Bharat Wire Ropes Ltd's stock price is primarily driven by short-term gains, increased investor participation, and sector performance, despite its longer-term challenges.

Which are the latest news on Bharat Wire?