Bombay Wire

When is the next results date for Bombay Wire?

No Upcoming Board Meetings

Has Bombay Wire declared dividend?

No Dividend History Available

Who are the peers of the Bombay Wire?

Bombay Wire's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Shree Marutinand, Natl. Gen. Inds., Inducto Steel, and Rish.Digh.Steel, with APL Apollo Tubes showing the best management risk, growth, and capital structure. In terms of returns, Welspun Corp leads with a 68.71% one-year return, while Bombay Wire has a -25.99% return.

Peers: The peers of Bombay Wire are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Shree Marutinand, Natl. Gen. Inds., Inducto Steel, and Rish.Digh.Steel.<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 Shree Marutinand, and the rest have Average or Below Average management risk. Excellent growth is noted at APL Apollo Tubes, Jindal Saw, and Shree Marutinand, while Average growth is seen at Shyam Metalics and Ratnamani Metals, and the rest have Below Average growth. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is found at Welspun Corp and the rest have Below Average capital structure.<BR><BR>Return Snapshot: Welspun Corp has the highest 1-year return at 68.71%, while Shree Marutinand has the lowest at -58.16%, with Bombay Wire's own 1-year return at -25.99% being significantly lower than both. Additionally, Ratnamani Metals, Jindal Saw, Shree Marutinand, Natl. Gen. Inds., and Inducto Steel all have negative six-month returns.

What is the technical trend for Bombay Wire?

As of June 4, 2025, Bombay Wire's trend is mildly bullish, supported by a bullish weekly MACD and Bollinger Bands, despite a mildly bearish monthly MACD and negative one-year return of -11.65%.

As of 4 June 2025, the technical trend for Bombay Wire has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive trend, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting upward momentum. However, the daily moving averages are mildly bearish, which could temper the bullish outlook in the short term. The KST is bullish on both weekly and monthly charts, reinforcing the overall positive sentiment. Despite the recent price action, the stock is still below its 52-week high of 85.49, and the one-year return is negative at -11.65%, which may impact investor sentiment. Overall, the current stance is mildly bullish, with strength driven by the weekly MACD and Bollinger Bands.

Why is Bombay Wire falling/rising?

As of 10-Jun, Bombay Wire Ropes Ltd is priced at 66.60, down 1.62%, and has underperformed its sector with a significant drop in delivery volume and high volatility. Despite a 5.38% gain over the past week, its long-term performance is weak, showing a -17.23% return over the past year compared to the Sensex's 7.72% gain.

As of 10-Jun, Bombay Wire Ropes Ltd is currently priced at 66.60, reflecting a decrease of 1.1, or 1.62%. The stock has been underperforming its sector, with a performance today that is down by 1.83%. It has experienced consecutive declines over the last two days, totaling a drop of 1.99%. Notably, the stock opened significantly lower today, with an initial loss of 11.33%, and reached an intraday low of Rs 60.03. Despite trading higher than its moving averages over various periods, the stock has shown high volatility today with an intraday volatility of 6.22%. Additionally, there has been a marked decline in investor participation, as evidenced by a 94.81% drop in delivery volume compared to the five-day average.<BR><BR>In the broader market context, the stock has shown a positive return of 5.38% over the past week, which is significantly higher than the Sensex's return of 2.05% for the same period. However, over the past year, Bombay Wire has underperformed the benchmark, with a return of -17.23% compared to the Sensex's gain of 7.72%. This disparity indicates that while the stock has had some short-term gains, its long-term performance remains weak relative to the market. The lack of available positive factors further complicates the stock's outlook, contributing to the current downward trend.

Who are in the management team of Bombay Wire?

As of March 2023, the management team of Bombay Wire includes Kashinath Rajgarhia (Independent Director), Raj Kumar Jhunjhunwala (Whole-time Director), Anurag Kanoria (Director), Vineeta Arvindkumar Kanoria (Director), Vinod Jiwanram Lohia (Independent Director), Shraboni Chatterjee (Company Secretary & Compliance Officer), and Bimal Kumar Kanodia (Independent Director). The team features a mix of directors and independent directors with various roles.

As of March 2023, the management team of Bombay Wire includes the following individuals:<BR><BR>1. Kashinath Rajgarhia - Independent Director<BR>2. Raj Kumar Jhunjhunwala - Whole-time Director<BR>3. Anurag Kanoria - Director<BR>4. Vineeta Arvindkumar Kanoria - Director<BR>5. Vinod Jiwanram Lohia - Independent Director<BR>6. Shraboni Chatterjee - Company Secretary & Compliance Officer<BR>7. Bimal Kumar Kanodia - Independent Director<BR><BR>The team comprises a mix of directors and an independent director, with varying roles within the company.

What does Bombay Wire do?

Bombay Wire Ropes Ltd manufactures and sells wire ropes, structural strands, slings, and wires in the Iron & Steel Products industry. As of March 2025, it reported a net profit of -9 Cr and has a market cap of INR 32 Cr.

Overview:<BR>Bombay Wire Ropes Ltd is engaged in the manufacturing and sales of wire ropes, structural strands, slings, and wires, operating within the Iron & Steel Products industry and categorized as a micro-cap company.<BR><BR>History:<BR>Bombay Wire Ropes Limited was incorporated on July 24, 1986. The latest quarterly results reported are for March 2025, showing a net profit of -9 Cr.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: -9 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: INR 32 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>Industry P/E: 50<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.00<BR>Return on Equity: 0.00%<BR>Price to Book: 0.00<BR><BR>Contact Details:<BR>Address: 401/405 Jolly Bhavan No 1, 10 New Marine Lines Mumbai Maharashtra : 400020<BR>Tel: 91-22-22003231/22005056/22004325<BR>Email: newindia@bom5.vsnl.act.in<BR>Website: http://www.bombaywireropes.com

Who are the top shareholders of the Bombay Wire?

The top shareholders of Bombay Wire include New India Exports Private Limited with 50.34%, Life Insurance Corporation of India at 8.46%, and individual investors holding 16.22%. There are no mutual funds or foreign institutional investors currently invested in the company.

The top shareholders of Bombay Wire are primarily the promoters, with New India Exports Private Limited holding the largest share at 50.34%. The highest public shareholder is Life Insurance Corporation of India, which owns 8.46%. Additionally, individual investors collectively hold 16.22% of the company's shares. There are currently no mutual funds or foreign institutional investors (FIIs) holding shares in the company.

How big is Bombay Wire?

As of 24th July, Bombay Wire Ropes Ltd has a market capitalization of 29.00 Cr, with recent net sales of 0.00 Cr and a net profit loss of 1.31 Cr. Shareholder's funds are 7.80 Cr and total assets are 7.83 Cr as of March 2025.

As of 24th July, Bombay Wire Ropes Ltd has a market capitalization of 29.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 0.00 Cr and a Net Profit loss of 1.31 Cr.<BR><BR>The reporting period for the balance sheet is March 2025, with Shareholder's Funds amounting to 7.80 Cr and Total Assets valued at 7.83 Cr.

How has been the historical performance of Bombay Wire?

Bombay Wire has consistently reported zero revenue and negative operating profit, with a profit after tax of -1.31 crore in March 2025. Despite this, the company experienced a net cash inflow of 6.00 crore due to significant investing activities.

Answer:<BR>The historical performance of Bombay Wire shows a consistent trend of zero net sales and other operating income over the past several years, indicating no revenue generation from its operations. The total operating income also remained at zero, with raw material costs, purchases of finished goods, and other operating expenses reflecting similar values. Employee costs have seen a gradual increase from 0.12 crore in March 2019 to 0.46 crore in March 2025, while total expenditure has risen from 0.24 crore in March 2019 to 0.75 crore in March 2025. Operating profit has consistently been negative, with the operating profit margin remaining at 0.0% throughout the years. Profit before tax has also been negative, culminating in a profit after tax of -1.31 crore in March 2025, compared to -0.31 crore in March 2024. The company's equity capital has remained stable at 0.53 crore, while reserves have decreased significantly from 6.96 crore in March 2024 to 0.00 crore in March 2025. The book value per share has shown a slight increase from 14.04 in March 2024 to 14.61 in March 2025. Cash flow from operating activities has been negative at -1.00 crore in March 2025, while cash flow from investing activities has seen a significant inflow of 8.00 crore, leading to a net cash inflow of 6.00 crore for the same period.<BR><BR>Breakdown:<BR>Bombay Wire has not generated any revenue from net sales or other operating income over the past several years, with total operating income consistently at zero. Employee costs have increased gradually, contributing to a rise in total expenditure from 0.24 crore in March 2019 to 0.75 crore in March 2025. Operating profit has remained negative, with the company reporting a profit after tax of -1.31 crore in March 2025. The equity capital has remained unchanged at 0.53 crore, while reserves have dropped to zero. Despite the lack of operational income, the book value per share has increased slightly. The company experienced a negative cash flow from operating activities but reported a substantial inflow from investing activities, resulting in a net cash inflow of 6.00 crore in March 2025.

Which are the latest news on Bombay Wire?