Bharat Wire Ropes Ltd. (BHARATWIRE) AI Stock Analysis

• Market Cap: ₹11.93B
• Dividend Yield: N/A
• Average Volume (3M): 21.53K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.93
• Revenue Growth: 5.12%
• EPS Growth: -23.18%
• Country: IN
• Employees: 605
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 2.27
• Shares Outstanding: 68,584,650
• 10 Day Avg. Volume: 19,038
• 30 Day Avg. Volume: 21,532
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹216.00
• Price Target Upside: 24.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹216.00 ▲(24.14% Upside)

Bharat Wire Ropes Ltd. shows a strong financial performance with solid revenue growth and profitability. However, technical analysis indicates bearish momentum with the stock price below key moving averages. Valuation appears fair, though the lack of a dividend yield may deter some investors.

Bharat Wire Ropes Ltd. Business Overview & Revenue Model

Company Description

Bharat Wire Ropes Ltd. (BHARATWIRE) is a prominent manufacturer of wire ropes in India, catering to a diverse range of industries including construction, mining, oil and gas, elevators, infrastructure, and general engineering. The company specializes in the production of high-quality wire ropes, strands, and slings that are essential for various industrial applications. With a strong emphasis on innovation and quality, Bharat Wire Ropes Ltd. has established a significant presence in both domestic and international markets.

How the Company Makes Money

Bharat Wire Ropes Ltd. generates revenue primarily through the manufacturing and sale of wire ropes and related products. The company's key revenue streams include domestic sales to various industries such as construction, mining, and oil and gas, as well as export sales to international markets. Significant partnerships and collaborations with industry players and distributors also contribute to its earnings. The company's focus on quality, customized solutions, and reliability helps it maintain a competitive edge, thereby driving sales and revenue growth.

Bharat Wire Ropes Ltd. Financial Statement Overview

Summary

Bharat Wire Ropes Ltd. exhibits a solid financial position with consistent revenue growth, improved profitability margins, and strong cash flow generation. The income statement is strong, with efficient cost management leading to improved gross profit margins, though net profit margins have shown some volatility. The balance sheet is stable with a healthy debt-to-equity ratio, but the company still carries a significant amount of debt. Overall, the financial performance indicates a positive trajectory with potential for future growth.

Income Statement

Bharat Wire Ropes Ltd. shows a strong income statement with consistent revenue growth over the past five years, moving from 2020 to 2025. The revenue growth rate from 2024 to 2025 is steady, though not exceptionally high. The company has improved its gross profit margin significantly, indicating efficient cost management and production processes. However, the net profit margin has seen fluctuations, reflecting some volatility in profitability. EBIT and EBITDA margins have improved over time, signaling robust operational performance.

Balance Sheet

The balance sheet of Bharat Wire Ropes Ltd. appears stable with a healthy debt-to-equity ratio indicating balanced leverage. The company has consistently enhanced its equity base, resulting in a favorable equity ratio. Return on equity has been improving yearly, showcasing efficient use of equity capital. However, the company still holds a considerable amount of debt, which poses potential risks if not managed properly in the long term.

Cash Flow

The cash flow statement reveals strong free cash flow generation, with substantial growth in free cash flow from 2024 to 2025. The operating cash flow to net income ratio indicates effective conversion of earnings into cash, essential for sustaining operations and funding growth. Despite some fluctuations in operating cash flow, the company maintains a positive trend, demonstrating sound financial management.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.19B	5.89B	6.22B	3.77B	2.49B
Gross Profit	2.75B	2.60B	2.14B	1.17B	894.60M
EBITDA	1.32B	1.38B	1.64B	627.79M	331.55M
Net Income	724.40M	622.34M	962.00M	136.65M	-167.87M
Balance Sheet
Total Assets	9.56B	7.81B	8.17B	7.74B	7.47B
Cash, Cash Equivalents and Short-Term Investments	93.54M	94.54M	4.38M	28.73M	4.93M
Total Debt	1.31B	1.82B	1.32B	2.69B	2.74B
Total Liabilities	2.19B	2.21B	1.56B	3.22B	3.11B
Stockholders Equity	7.37B	5.60B	6.61B	4.52B	4.35B
Cash Flow
Free Cash Flow	94.67M	697.62M	602.17M	230.12M	-2.46B
Operating Cash Flow	740.54M	832.31M	852.25M	236.55M	-2.44B
Investing Cash Flow	-619.26M	-134.69M	-249.99M	-4.12M	-13.45M
Financing Cash Flow	-110.92M	-642.38M	-606.37M	-253.88M	2.47B

Bharat Wire Ropes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 174.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATWIRE, the sentiment is Negative. The current price of 174 is below the 20-day moving average (MA) of 190.07, below the 50-day MA of 206.60, and below the 200-day MA of 197.69, indicating a bearish trend. The MACD of -9.12 indicates Positive momentum. The RSI at 34.57 is Neutral, neither overbought nor oversold. The STOCH value of 35.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARATWIRE.

Bharat Wire Ropes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HARIOMPIPE	72 Outperform	₹15.45B	22.69		0.14%	17.68%	-2.33%
BHARATWIRE	66 Neutral	₹11.93B	17.02		―	5.12%	-23.18%
HITECH	65 Neutral	₹17.80B	21.07		0.03%	2.32%	7.37%
RAJRATAN	63 Neutral	₹16.66B	29.18		0.61%	6.05%	-23.51%
MSPL	61 Neutral	₹17.53B	58.19		―	-4.39%	-160.87%
RAMASTEEL	57 Neutral	₹16.81B	77.89		―	15.67%	-28.54%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%

Bharat Wire Ropes Ltd. Corporate Events

Bharat Wire Ropes’ Credit Ratings Reaffirmed Amid Stable Performance

Bharat Wire Ropes Limited has had its credit ratings reaffirmed by CARE Ratings Limited, reflecting its stable operational and financial performance despite challenges such as declining steel prices and increased logistics costs. The company has maintained a healthy operating income and profit margins due to its high value-added products and expanding distribution network. The reaffirmed ratings also consider the company’s adequate capital structure and comfortable debt coverage indicators, although risks such as global demand uncertainty and raw material price volatility remain. The company’s outlook is stable, with expectations of revenue growth and sustained profitability.