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Consolidated Standalone

Bharat Wire Ropes

₹256.4 -1.7 | 0.7%

Market Cap ₹1744 Cr.

Stock P/E 18.1

P/B 2.6

Current Price ₹256.4

Book Value ₹ 97.1

Face Value 10

52W High ₹401.9

Dividend Yield 0%

52W Low ₹ 152.7

Edit Ratio

Bharat Wire Ropes Research see more...

Overview Inc. Year: 1986Industry: Metal - Non Ferrous

Bharat Wire Ropes Ltd is a specialty wire ropes manufacturing business enterprise, that's engaged in production of Wires, Wire Ropes, Slings and Stranded Wires, amongst others. The Company manufactures wire ropes for numerous sectors, together with general engineering, fishing, elevators, cranes, power transmission, suspension bridges, onshore/offshore oil exploration, material handling, ports and delivery, mining, defense and railways. It additionally has a product blend, which includes Mechanically Spliced Slings, Hand Spliced Slings, Earth Wires, Stay Wires, Guy Wires and Spiral Strands. It caters to a number customers, along with Overseas Consumers, such as from South Africa, Kuwait and Australia; Private Players; Indian Defense Segment, along with Ministry of Defense, Material Organization, Indian Air Force, Indian Army and Indian Naval Force, and Government and Semi-Government Organizations, which includes Indian Railways, Major Port Trusts, Shipping Corporations and Electricity Boards.

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Bharat Wire Ropes Share Price

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Volume
Price

Quarterly Price

Quarterly Monthly
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Peer Comparison

Bharat Wire Ropes Quarterly Results

#(Fig in Cr.) Mar 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 134 144 162 158 159 157 147
Other Income 0 0 0 0 0 0 0
Total Income 135 145 162 159 159 157 147
Total Expenditure 113 108 117 117 117 113 110
Operating Profit 21 37 46 41 42 44 38
Interest 6 7 6 4 4 3 4
Depreciation 5 5 5 5 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 10 25 34 32 33 35 29
Provision for Tax 2 6 19 8 8 9 7
Profit After Tax 8 19 16 24 24 26 22
Adjustments -0 0 -0 0 -0 -0 -0
Profit After Adjustments 8 19 16 24 24 26 22
Adjusted Earnings Per Share 1.2 2.9 2.3 3.5 3.6 3.9 3.2

Bharat Wire Ropes Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 TTM
Net Sales 411 589 621
Other Income 1 1 0
Total Income 411 590 622
Total Expenditure 349 450 457
Operating Profit 63 139 165
Interest 23 22 15
Depreciation 21 21 20
Exceptional Income / Expenses 0 0 0
Profit Before Tax 18 97 129
Provision for Tax 4 34 32
Profit After Tax 14 62 96
Adjustments 0 0 0
Profit After Adjustments 14 62 96
Adjusted Earnings Per Share 2.1 9.2 14.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 43% 0% 0% 0%
Operating Profit CAGR 121% 0% 0% 0%
PAT CAGR 343% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 59% 73% 42% NA%
ROE Average 12% 8% 8% 8%
ROCE Average 16% 11% 11% 11%

Bharat Wire Ropes Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023
Shareholder's Funds 452 560
Minority's Interest 0 0
Borrowings 207 143
Other Non-Current Liabilities -42 -8
Total Current Liabilities 110 72
Total Liabilities 726 767
Fixed Assets 492 481
Other Non-Current Assets 19 12
Total Current Assets 215 274
Total Assets 726 767

Bharat Wire Ropes Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 5 3
Cash Flow from Operating Activities 24 83
Cash Flow from Investing Activities -0 -13
Cash Flow from Financing Activities -25 -64
Net Cash Inflow / Outflow -2 6
Closing Cash & Cash Equivalent 3 9

Bharat Wire Ropes Ratios

# Mar 2022 Mar 2023
Earnings Per Share (Rs) 2.14 9.17
CEPS(Rs) 5.5 12.21
DPS(Rs) 0 0
Book NAV/Share(Rs) 70.63 82.5
Core EBITDA Margin(%) 15.14 23.57
EBIT Margin(%) 10.06 20.17
Pre Tax Margin(%) 4.37 16.4
PAT Margin (%) 3.33 10.56
Cash Profit Margin (%) 8.55 14.07
ROA(%) 1.88 8.34
ROE(%) 3.03 12.31
ROCE(%) 5.73 16.25
Receivable days 35.46 27.13
Inventory Days 71.5 59.03
Payable days 32.68 17.17
PER(x) 31.76 16.9
Price/Book(x) 0.96 1.88
Dividend Yield(%) 0 0
EV/Net Sales(x) 1.7 2.08
EV/Core EBITDA(x) 11.15 8.78
Net Sales Growth(%) 0 43.44
EBIT Growth(%) 0 187.54
PAT Growth(%) 0 355.42
EPS Growth(%) 0 328.13
Debt/Equity(x) 0.6 0.32
Current Ratio(x) 1.96 3.82
Quick Ratio(x) 1.23 2.28
Interest Cover(x) 1.77 5.35
Total Debt/Mcap(x) 0.62 0.17

Bharat Wire Ropes Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 37.6 37.47 36.96 36.81 36.78 39.89 39.86 39.83 39.83 40.76
FII 0.02 0.03 0 0 0 0.49 0.12 0.16 0.45 2.05
DII 9.93 9.89 9.76 7.61 5.66 4.55 4.13 3.63 3.57 3.56
Public 52.45 52.61 53.28 55.58 57.56 55.07 55.89 56.37 56.15 53.63
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 32.68 to 17.17days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.76%.
  • Company has a low return on equity of 8% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Bharat Wire Ropes News

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