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Bharat Wire Ropes Ltd (BHARATWIRE)

₹251.951%

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Overview
News
Financials
Q1 2024 Results
Technicals

Bharat Wire Ropes Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹248
    ₹255.25
  • 52 Week's Low

    52 Week's High

    ₹191.55
    ₹400.6
1 Month Return-8.35 %
3 Month Return-13.89 %
1 Year Return+ 28.24 %
Previous Close₹254.50
Open₹255.00
Volume1.41L
Upper Circuit-
Lower Circuit-
Market Cap₹1,739.84Cr

Key Statistics

P/E Ratio17.96
PEG Ratio2.39
Market Cap₹1,739.84 Cr
P/B Ratio5.93
EPS9.17

Company Information

Bhart Wire Ropes Limited is India's largest manufacturer of Wire Ropes, Stranded Wires, and Slings, with exports to over 30 countries including the USA, Singapore, Australia, South Africa, Kuwait, New Zealand, Vietnam, Bangladesh, and Nepal. It caters to a diverse mix of clients, ranging from Overseas Consumers, Private Players, Indian Defence Segment, and Government/Semi-Government Organizations. Moreover, the company has a Pyrolysis plant for production of oil which is used as fuel for their manufacturing process. The company has more than 500 large and medium size customers and is ISO 9001:2008 certified as well as has approved products from RDSO CORE DGMS PGCIL IRS etc. Bharat Wire Ropes issued 15,555,555 Equity Shares of Rs. 10/- each, with a premium of Rs. 35/- to be publicly listed on NSE and BSE in 2016. The company's Chalisgaon Maharashtra factory has an installed capacity of 66000 MTPA which will be increased further. Moreover, Bharat Wire Ropes has signed a 5 year understanding with Bridon Bekaert Ropes Group Limited promising exchange of expertise and knowledge for quantum increase in their respective business.

Share Price: ₹251.95 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,739.84Cr as of today
Revenue: ₹147.16Cr as on March 2024 (Q1 24)
Net Profit: ₹21.68Cr as on March 2024 (Q1 24)
Listing date: 01 Apr, 2016
Chairperson Name: Sanjiv Swarup
OrganisationBharat Wire Ropes Ltd
HeadquartersMumbai
IndustrySteel
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Key events for Bharat Wire Ropes Ltd

  • Bharat Wire Ropes Ltd Shows Strong ROCE and Reinvestment Opportunities - 05 Jun, 2024

    Bharat Wire Ropes Ltd has an impressive ROCE of 18%, higher than the industry average, and is reinvesting in its business with plenty of opportunities for generating higher returns. The company's fundamental improvements have led to growth in ROCE, rather than accounting tricks.

Insights on Bharat Wire Ropes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 39.83% to 40.76% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, BHARATWIRE has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.45% to 2.05% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 89.9% return, outperforming this stock by 61.7%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, BHARATWIRE stock has moved down by -13.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 47.99% to 45.56% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹147.16Cr
↓6.39%
Net Income
₹21.68Cr
↓17.72%
Net Profit Margin
14.73%
↓12.11%
2023Y/Y Change
Revenue
₹589.06Cr
↑43.44%
Net Income
₹62.23Cr
↑355.23%
Net Profit Margin
10.56%
↑217.12%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹838.20Cr
↑1.12%
Total Liabilities
₹278.03Cr
↓26.29%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹83.23Cr
↑251.92%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
40.76%
0.00
Foreign Institutions
2.05%
0.00
Mutual Funds
0%
0.00
Retail Investors
45.56%
0.00
Others
11.62%
0.00

Key Indicators

Bharat Wire Ropes Ltd Valuation

Bharat Wire Ropes Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

June 28, 2023

Today (17.96x)

July 16, 2024

Industry (29.59x)

July 16, 2024

Highest (29.42x)

January 15, 2024

LowHigh

Earnings and Dividends

  • Bharat Wire Ropes Ltd Earnings Results

    Bharat Wire Ropes Ltd’s net profit jumped 36.01% since last year same period to ₹21.68Cr in the Q4 2023-2024. On a quarterly growth basis, Bharat Wire Ropes Ltd has generated -17.72% fall in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bharat Wire Ropes Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Bharat Wire Ropes Ltd (BHARATWIRE) share price today is ₹251.95

Bharat Wire Ropes Ltd is listed on NSE

Bharat Wire Ropes Ltd is listed on BSE

  • Today’s highest price of Bharat Wire Ropes Ltd is ₹255.25.
  • Today’s lowest price of Bharat Wire Ropes Ltd is ₹248.

PE Ratio of Bharat Wire Ropes Ltd is 17.96

PE ratio = Bharat Wire Ropes Ltd Market price per share / Bharat Wire Ropes Ltd Earnings per share

Today’s traded volume of Bharat Wire Ropes Ltd(BHARATWIRE) is 1.41L.

Today’s market capitalisation of Bharat Wire Ropes Ltd(BHARATWIRE) is ₹1739.84Cr.

Bharat Wire Ropes Ltd(BHARATWIREPrice
52 Week High
₹400.6
52 Week Low
₹191.55

Bharat Wire Ropes Ltd(BHARATWIRE) share price is ₹251.95. It is down -37.11% from its 52 Week High price of ₹400.6

Bharat Wire Ropes Ltd(BHARATWIRE) share price is ₹251.95. It is up 31.53% from its 52 Week Low price of ₹191.55

Bharat Wire Ropes Ltd(BHARATWIREReturns
1 Day Returns
-2.55%
1 Month Returns
-8.35%
3 Month Returns
-13.89%
1 Year Returns
28.24%