Bharat Wire Ropes Ltd. (IN:BHARATWIRE)
:BHARATWIRE
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Bharat Wire Ropes Ltd.
(BHARATWIRE)
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Rating:76Outperform
Price Target:
₹193.00
▲(2.66% Upside)
Action:ReiteratedDate:11/11/25
Bharat Wire Ropes Ltd. scores well due to its strong financial performance, characterized by consistent revenue growth and robust cash flow generation. Technical indicators suggest a stable upward trend, while valuation metrics indicate moderate pricing. The absence of dividend yield and earnings call data slightly limit the overall attractiveness.
Positive Factors
Consistent revenue and margin improvement
Multi-year revenue growth combined with rising gross and operating margins indicates durable operational improvements. For a manufacturer serving industrial end-markets, sustained margin expansion reflects better cost control, higher-value product mix and operational leverage that should support cash generation and reinvestment over coming quarters.
Negative Factors
Cyclicality of end markets
Revenue dependence on construction, mining, ports and oil & gas creates structural cyclicality. Demand and replacement cycles in these sectors can swing materially with macro and commodity cycles, making revenue and utilization volatile over 2–6 months and complicating capacity and inventory planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue and margin improvement
Multi-year revenue growth combined with rising gross and operating margins indicates durable operational improvements. For a manufacturer serving industrial end-markets, sustained margin expansion reflects better cost control, higher-value product mix and operational leverage that should support cash generation and reinvestment over coming quarters.
Read all positive factors
Bharat Wire Ropes Ltd. (BHARATWIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.74B
Dividend YieldN/A
Average Volume (3M)98.00K
Price to Earnings (P/E)17.1
Beta (1Y)1.63
Revenue Growth8.45%
EPS Growth-14.27%
CountryIN
Employees605
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)2.66
Shares Outstanding68,584,650
10 Day Avg. Volume10,823
30 Day Avg. Volume97,995
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.75
Price to Sales (P/S)2.08
P/FCF Ratio136.24
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 associated wire/strand products to customers in multiple industrial sectors. Revenue is largely product-sales driven: (1) domestic B2B sales to industri...
Bharat Wire Ropes Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.40B | 6.19B | 6.22B | 5.89B | 4.11B | 2.49B |
| Gross Profit | 2.85B | 2.75B | 2.92B | 2.60B | 550.51M | 894.60M |
| EBITDA | 1.35B | 1.32B | 1.64B | 1.38B | 627.79M | 331.55M |
| Net Income | 732.77M | 724.40M | 962.00M | 622.34M | 136.65M | -167.87M |
Balance Sheet | ||||||
| Total Assets | 9.77B | 9.56B | 8.17B | 7.81B | 7.74B | 7.47B |
| Cash, Cash Equivalents and Short-Term Investments | 73.05M | 3.36M | 4.38M | 94.54M | 33.58M | 12.48M |
| Total Debt | 1.02B | 1.31B | 1.32B | 1.82B | 2.69B | 2.74B |
| Total Liabilities | 2.01B | 2.19B | 1.56B | 2.21B | 3.22B | 3.11B |
| Stockholders Equity | 7.76B | 7.37B | 6.61B | 5.60B | 4.52B | 4.35B |
Cash Flow | ||||||
| Free Cash Flow | 312.60M | 94.67M | 602.17M | 697.62M | 230.12M | -2.46B |
| Operating Cash Flow | 557.90M | 740.54M | 852.25M | 832.31M | 236.55M | -2.44B |
| Investing Cash Flow | -245.20M | -619.26M | -249.99M | -134.69M | -4.12M | -13.45M |
| Financing Cash Flow | -342.77M | -110.92M | -606.37M | -642.38M | -253.88M | 2.47B |
Bharat Wire Ropes Ltd. Technical Analysis
Positive
188.00
Price Trends
168.47
Positive
174.11
Negative
181.38
Negative
Market Momentum
-1.01
Negative
55.43
Neutral
80.83
Negative
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 above the 20-day moving average (MA) of 161.15, above the 50-day MA of 168.47, and above the 200-day MA of 181.38, indicating a neutral trend. The MACD of -1.01 indicates Negative momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 80.83 is Negative, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹11.74B | 17.06 | ― | ― | 8.45% | -14.27% | |
66 Neutral | ₹20.38B | 28.57 | ― | 0.42% | 7.76% | -21.05% | |
66 Neutral | ₹8.71B | 25.01 | ― | 0.17% | 17.98% | -0.62% | |
66 Neutral | ₹17.54B | 27.40 | ― | 0.03% | 9.05% | -4.65% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹8.85B | 176.56 | ― | ― | 14.51% | -30.02% | |
51 Neutral | ₹19.77B | 96.37 | ― | ― | -3.14% | -466.99% |
* Basic Materials Sector Average
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
171.15
-9.85
-5.44%
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401.50
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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...
Bharat Wire Ropes Posts Strong Q3 FY2025-26 Earnings, Adjusts for New Labour Codes
Feb 4, 2026
Bharat Wire Ropes Ltd. has published the extract of its unaudited financial results for the quarter and nine months ended 31 December 2025, showing quarterly revenue from operations of about Rs 14,299 lakh and net profit after tax of roughly Rs 1,...
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.