BHARATWIREIndustrials

Bharat Wire Ropes Limited

Iron & Steel Products · ISIN INE316L01019 · BSE 539799 · NSE EQ · FV ₹10
Last price
₹172
+2.39%today
What this company does

Bharat Wire Ropes Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹147 cr of revenue in its latest quarter (Q4 FY24) and kept 14.7% of sales as profit.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet69

How much it owes, and whether earnings cover the interest

Cash quality56

Whether reported profit actually arrives as cash

Valuation20

What today's price implies, against our models or its peers

Governance & risk52

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 36% vs last year
Promoters hold 41%
Turns profit into real cash
Watch-outs
! Sales down 9% vs last year
! 51.0% of promoter stake pledged

What if I invest in BHARATWIRE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹172 +2.39%
latest close · 2026-09-17
1-year return
+170.4%
52-wk low ₹4952-wk high ₹209
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.5Low
LowAverageHigh
P/B ratio1.77Moderate
Below bookModerateHigh
EV / EBITDA8.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.1%Fair
WeakFairStrong ▸15%
Return on capital16.7%Strong
WeakFairStrong
Net margin14.7%Decent
ThinDecentStrong
EBITDA margin25.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover8.9×Strong
RiskyOkayStrong ▸5×
Current ratio7.55Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,168 cr
Book value
₹97
EPS
₹3.19
latest quarter
Net debt
₹132 cr
owes more than its cash
Enterprise value
₹1,300 cr
EBITDA
₹150 cr
annualised
EBIT
₹129 cr
annualised
Operating margin
21.9%
Return on assets
10.6%
Earnings yield
7.43%
P/S
1.98
Sales / share
₹86.5
Tax rate
23.9%
Face value
₹10
Shares
6.8 cr
Working capital
₹289 cr
Current assets
₹333 cr
Current liabilities
₹44 cr
Delivery %
46.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹90 vs market price ₹172 — price is 90% above it
Safety cushion-90.4%(target ≥ +20%)
Models span ₹86₹95, midpoint ₹90
Model ₹90
Price ₹172
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY24 (consolidated)
Revenue from Operations₹147 cr
Other Income₹21.5 L
Total Income₹147 cr
Cost of Materials₹75 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹16 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹17 cr
Total Expenses₹119 cr
Profit before Tax₹29 cr
Tax Expense₹7 cr
Share of JV / Associates₹-11.4 L
Net Profit₹22 cr
Net margin on total income14.7%
Where the money goes · Q4 FY24
% of total income
Materials + stock-in-trade₹77 cr52.3%
Employee benefit expense₹16 cr10.9%
Finance costs₹4 cr2.5%
Depreciation & amortisation₹5 cr3.6%
Other expenses₹17 cr11.3%
Tax expense₹7 cr4.6%
Profit for the period₹22 cr14.7%
Total income ₹147 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY24Q3 FY24Q4 FY24
Revenue159 cr157 cr147 cr
Total income159 cr157 cr147 cr
Expenses126 cr122 cr119 cr
Profit before tax33 cr35 cr29 cr
Tax8 cr9 cr7 cr
Net profit (owners' share)24 cr26 cr22 cr
Net margin (owners' share, on revenue)15.3%16.8%14.7%
EPS (₹)3.603.883.19
YoY (latest quarter): total income -9.3% · net profit +36.0%
Balance sheet & cash flow · as of Mar 2024
Low debt
Total assets
₹817 cr
Shareholder equity
₹661 cr
parent shareholders
Total debt
₹132 cr
Cash
₹5.6 L
Cash flow · FY24
Operating
₹85 cr
Investing
₹-25 cr
Financing
₹-61 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
51.0% pledged
Promoter
41.3%
FII / Foreign
2.1%
DII / Domestic
19.0%
Retail / others
37.7%
Promoter stake up 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRAKESH KUMAR JAIN · KMP5,481 · ₹6.2 L7 Aug 26
BoughtGOVINDA MANGARU SONI · KMP1,781 · ₹2.0 L7 Aug 26
BoughtHEMANT RAMESH AGRAWAL · Designated Person15,000 · ₹16.9 L7 Aug 26
Bulk / block deals
SoldLLOYDS ENTERPRISES LIMITED · NSE6.64 L @ ₹220.076 Jul 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE3.59 L @ ₹238.5720 Apr 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE3.59 L @ ₹238.420 Apr 26
Stake changes
BoughtLloyds Enterprises Limited→ 2.40% · 16.47 L17 Apr 26
BoughtLloyds Metals and Energy Limited→ 3.35% · 20.00 L17 Apr 26
BoughtAuthum Investment & Infrastructure Limited→ 18.24% · 18.00 L3 Nov 25
Promoter pledges
PledgedIDBI Trusteeship Services Ltd37,485 · 20.99% held27 May 25
PledgedIDBI Trusteeship Services Ltd5.84 L · 20.18% held24 Feb 25
PledgedIDBI Trusteeship Services Ltd17.28 L · 17.76% held16 Feb 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2025 together with Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.76 cr votes for, 2,783 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend on 0.01% Compulsory Convertible Preference Share (CCPS)
Backed by 100% of shareholders other than promotersneeded 50%
1.76 cr votes for, 12,219 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Venkateswararo Kandikuppa (DIN:06456698), Whole Time Director, who retires by rotation in terms of Section 152(6) of the Companies Act , 2013, and being eligible, offers himself for re-appointment.
Backed by 96% of shareholders other than promotersneeded 50%
1.69 cr votes for, 7.08 L against · 100% of mutual funds and other big investors said no
4
To consider and approve the appointment of Statutory Auditor of the Company and to fix their remuneration
Backed by 100% of shareholders other than promotersneeded 50%
1.76 cr votes for, 12,038 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 41.3% between them · as of 2026-06-30
GYANSANKAR INVESTMENT & TRADING CO. PVT. LTD31.75%
MANAN MURARILAL MITTAL2.60%
MAYANK MURARILAL MITTAL2.56%
MURARILAL MITTAL1.94%
USHA MURARILAL MITTAL1.68%
GYANSHANKAR E-TRADING LLP0.75%
M L MITTAL HUFno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.