Bharat Wire Ropes Ltd. (IN:BHARATWIRE)
:BHARATWIRE
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Bharat Wire Ropes Ltd.
(BHARATWIRE)
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Rating:67Neutral
Price Target:
₹237.00
▲(26.06% Upside)
Action:Downgraded
Date:05/20/26
The score is driven primarily by solid but weakening financial performance: a materially strengthened balance sheet and decent profitability are offset by FY2026 revenue decline and sharply weaker free cash flow. Technicals are supportive with the price above key longer-term moving averages and positive MACD, while valuation is moderate (P/E ~17) without dividend data to add support.
Positive Factors
Strengthening Balance Sheet
The company materially reduced debt from ~2.74B to ~0.75B while equity grew to ~8.11B, producing low leverage (~0.18–0.20). This conservative capital structure provides durable financial flexibility to withstand cyclicality, support capex or working-capital needs, and reduce refinancing risk.
Negative Factors
Top-line Contraction
Revenue slippage in FY2025 and a sharper ~7.7% decline in FY2026 indicate weakening demand or market-share pressure. Persistent top-line contraction undermines scale benefits, strains margins and operating leverage, and makes it harder to absorb fixed costs or fund growth initiatives without structural demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening Balance Sheet
The company materially reduced debt from ~2.74B to ~0.75B while equity grew to ~8.11B, producing low leverage (~0.18–0.20). This conservative capital structure provides durable financial flexibility to withstand cyclicality, support capex or working-capital needs, and reduce refinancing risk.
Read all positive factors
Bharat Wire Ropes Ltd. (BHARATWIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.99B
Dividend YieldN/A
Average Volume (3M)98.00K
Price to Earnings (P/E)17.1
Beta (1Y)1.68
Revenue Growth-4.65%
EPS Growth-0.30%
CountryIN
Employees605
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)10.71
Shares Outstanding68,584,650
10 Day Avg. Volume10,823
30 Day Avg. Volume97,995
Financial Highlights & Ratios
PEG Ratio-52.67
Price to Book (P/B)1.33
Price to Sales (P/S)1.83
P/FCF Ratio86.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bharat Wire Ropes Ltd. Business Overview & Revenue Model
Company Description
Bharat Wire Ropes Limited manufactures and sells steel wire ropes in India. It offers wire ropes for use in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore/offshore oil exploratio...
How the Company Makes Money
Bharat Wire Ropes Ltd. primarily makes money by manufacturing and selling steel wire ropes and related steel wire/strand products to industrial customers and through distribution channels. Revenue is generated from (1) sales of wire ropes used in ...
Bharat Wire Ropes Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.40B | 5.91B | 6.19B | 6.22B | 5.89B | 4.11B |
| Gross Profit | 2.85B | 1.87B | 2.75B | 2.92B | 2.60B | 550.51M |
| EBITDA | 1.35B | 1.31B | 1.32B | 1.64B | 1.38B | 627.79M |
| Net Income | 732.77M | 724.56M | 724.40M | 962.00M | 622.34M | 136.65M |
Balance Sheet | ||||||
| Total Assets | 9.77B | 9.90B | 9.56B | 8.17B | 7.81B | 7.74B |
| Cash, Cash Equivalents and Short-Term Investments | 73.05M | 177.77M | 3.36M | 4.38M | 94.54M | 33.58M |
| Total Debt | 1.02B | 748.97M | 1.31B | 1.32B | 1.82B | 2.69B |
| Total Liabilities | 2.01B | 1.79B | 2.19B | 1.56B | 2.21B | 3.22B |
| Stockholders Equity | 7.76B | 8.11B | 7.37B | 6.61B | 5.60B | 4.52B |
Cash Flow | ||||||
| Free Cash Flow | 312.60M | 125.04M | 94.67M | 602.17M | 697.62M | 230.12M |
| Operating Cash Flow | 557.90M | 866.42M | 740.54M | 852.25M | 832.31M | 236.55M |
| Investing Cash Flow | -245.20M | -313.04M | -619.26M | -249.99M | -134.69M | -4.12M |
| Financing Cash Flow | -342.77M | -553.60M | -110.92M | -606.37M | -642.38M | -253.88M |
Bharat Wire Ropes Ltd. Technical Analysis
Positive
188.00
Price Trends
194.19
Positive
185.32
Positive
182.27
Positive
Market Momentum
8.24
Positive
49.66
Neutral
18.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATWIRE, the sentiment is Positive. The current price of 188 is below the 20-day moving average (MA) of 230.95, below the 50-day MA of 194.19, and above the 200-day MA of 182.27, indicating a neutral trend. The MACD of 8.24 indicates Positive momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHARATWIRE.
Bharat Wire Ropes Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹14.99B | 17.06 | ― | ― | -4.65% | -0.30% | |
66 Neutral | ₹9.62B | 25.01 | ― | 0.17% | 21.05% | -0.40% | |
66 Neutral | ₹17.38B | 27.40 | ― | 0.03% | 14.55% | -9.81% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹20.75B | 27.13 | ― | 0.42% | 23.66% | 19.36% | |
54 Neutral | ₹8.43B | 176.56 | ― | ― | 14.47% | -32.32% | |
51 Neutral | ₹23.28B | 96.37 | ― | ― | -3.69% | -424.43% |
* Basic Materials Sector Average
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
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17.44%
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Bharat Wire Ropes Ltd. Corporate Events
Bharat Wire Ropes Seeks Shareholder Nod via E-Vote for New Statutory Auditor
Apr 3, 2026
Bharat Wire Ropes Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Borkar Muzumdar, Chartered Accountants, as statutory auditors to fill a casual vacancy. The voting will be conducted exclusively t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.