Bharat Wire Ropes Ltd. (BHARATWIRE) AI Stock Analysis

• Market Cap: ₹10.81B
• Dividend Yield: N/A
• Average Volume (3M): 12.37K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 1.91
• Revenue Growth: 5.12%
• EPS Growth: -23.21%
• Country: IN
• Employees: 605
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 2.27
• Shares Outstanding: 68,584,650
• 10 Day Avg. Volume: 11,997
• 30 Day Avg. Volume: 12,372
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹210.00
• Price Target Upside: 33.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: ₹210.00 ▲(33.29% Upside)

Bharat Wire Ropes Ltd. demonstrates strong financial performance with consistent revenue growth and robust cash flow generation. However, technical indicators suggest a bearish trend, and the stock's valuation is moderate. The absence of a dividend yield and lack of recent earnings call data or corporate events limit the overall attractiveness.

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 exploration, ports and shipping, mining, defense, construction, and railways and allied industrial applications; mechanically spliced slings, hand spliced slings, and socketed slings; galvanized steel wire strands, such as earth wires, stay wires, and structural strands; and galvanized and non-galvanized steel wires. The company serves international consumers, private clients, and defense segment clients, as well as government and semi-government organizations. It also exports its products to South Africa, Kuwait, New Zealand, Vietnam, the United States, Singapore, Australia, Nepal, and internationally. The company was formerly known as Bharat Ropes Limited and changed its name to Bharat Wire Ropes Limited in July 1996. Bharat Wire Ropes Limited was incorporated in 1986 and is based in Mumbai, India.

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 company manages its debt levels well, but maintaining a watchful eye on leverage is crucial for continued financial stability.

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	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	6.19B	6.19B	5.89B	6.22B	3.77B	2.49B
Gross Profit	2.32B	2.75B	2.60B	2.14B	1.17B	894.60M
EBITDA	1.33B	1.32B	1.38B	1.64B	627.79M	331.55M
Net Income	724.40M	724.40M	622.34M	962.00M	136.65M	-167.87M
Balance Sheet
Total Assets	9.56B	9.56B	7.81B	8.17B	7.74B	7.47B
Cash, Cash Equivalents and Short-Term Investments	93.54M	93.54M	94.54M	4.38M	28.73M	4.93M
Total Debt	1.31B	1.31B	1.82B	1.32B	2.69B	2.74B
Total Liabilities	2.19B	2.19B	2.21B	1.56B	3.22B	3.11B
Stockholders Equity	7.37B	7.37B	5.60B	6.61B	4.52B	4.35B
Cash Flow
Free Cash Flow	0.00	94.67M	697.62M	602.17M	230.12M	-2.46B
Operating Cash Flow	0.00	740.54M	832.31M	852.25M	236.55M	-2.44B
Investing Cash Flow	0.00	-619.26M	-134.69M	-249.99M	-4.12M	-13.45M
Financing Cash Flow	0.00	-110.92M	-642.38M	-606.37M	-253.88M	2.47B

Bharat Wire Ropes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 157.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 157.55 is below the 20-day moving average (MA) of 169.69, below the 50-day MA of 180.07, and below the 200-day MA of 189.32, indicating a bearish trend. The MACD of -5.23 indicates Positive momentum. The RSI at 28.86 is Positive, neither overbought nor oversold. The STOCH value of 11.85 is Positive, 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	76 Outperform	₹15.52B	22.88	10.78%	0.12%	17.40%	6.49%
BHARATWIRE	70 Outperform	₹10.81B	15.41	―	―	5.12%	-23.21%
RAJRATAN	66 Neutral	₹16.53B	28.96	10.52%	0.61%	6.05%	-23.51%
MSPL	65 Neutral	₹20.61B	-100.33	-2.90%	―	-4.39%	-160.87%
HITECH	64 Neutral	₹23.44B	28.29	5.80%	0.02%	2.32%	5.26%
RAMASTEEL	54 Neutral	₹15.69B	72.08	6.25%	―	15.67%	-26.43%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

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.