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.

Why is Bharat Wire Ropes Ltd falling/rising?

As of 01-Feb, Bharat Wire Ropes Ltd's stock price is declining at Rs 166.00, down 3.46%, due to underperformance, reduced investor interest, and concerning financial health indicators, including low operating cash flow and a high percentage of pledged shares.

As of 01-Feb, Bharat Wire Ropes Ltd is experiencing a decline in its stock price, currently at Rs 166.00, reflecting a change of -5.95 (-3.46%). This downward movement is attributed to several factors. The stock has been underperforming, having lost -5.17% over the last three days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.<BR><BR>Investor participation has also decreased significantly, with delivery volume dropping by -85.01% compared to the 5-day average, suggesting reduced interest from investors. Additionally, the stock has underperformed the broader market, with a -13.11% return over the past year, while the Sensex has gained +5.16% during the same period. <BR><BR>The company's financial health shows concerning signs as well, with operating cash flow at its lowest and a return on capital employed (ROCE) of 12.8%, which is also the lowest recorded. Furthermore, 51% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a declining market. Overall, these factors contribute to the current decline in Bharat Wire Ropes Ltd's stock price.

Which are the latest news on Bharat Wire?

Are Bharat Wire Ropes Ltd latest results good or bad?

Bharat Wire Ropes Ltd's latest results show a mixed performance, with a net profit decline of 17.72% sequentially but a 36.01% year-on-year increase. However, revenue and margins have contracted, leading to a "SELL" rating due to concerns over operational efficiency and near-term performance.

Bharat Wire Ropes Ltd's latest results present a mixed picture. In Q2 FY26, the company reported a net profit of ₹21.68 crores, which reflects a significant decline of 17.72% compared to the previous quarter, although it shows a strong year-on-year increase of 36.01%. Revenue for the same period was ₹147.16 crores, down 6.39% sequentially and 9.35% year-on-year, indicating demand softness in the wire rope segment.<BR><BR>The operating margin also contracted to 25.40%, down 256 basis points from the previous quarter, which raises concerns about operational efficiency. The PAT margin decreased to 14.73%, reflecting the pressure on profitability.<BR><BR>Overall, while the year-on-year growth in net profit is a positive sign, the sequential declines in both revenue and profit, along with margin compression, suggest that the company's near-term performance is under pressure. This has led to a "SELL" rating based on the company's weak Mojo Score of 42/100, indicating caution for investors regarding its current financial health and operational challenges.

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