Bharat Wire Ropes Ltd

Bharat Wire Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Wire Ropes Ltd

₹ 229 -1.27%
05 Nov - close price
bharatwireropes.com BSE: 539799 NSE: BHARATWIRE
About

Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings.
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Key Points

Products Portfolio
Company manufactures specialty steel wire, steel wire ropes, slings & strands, with over thousands of varieties of products. These products find application in General Engineering, Aviation, Fishing, Elevators, Cranes, Material Handling, Onshore/ Offshore Oil Exploration, Ports & Shipping and Mining. [1]

Website BSE NSE
  • Market Cap ₹ 1,569 Cr.
  • Current Price ₹ 229
  • High / Low ₹ 402 / 218
  • Stock P/E 18.4
  • Book Value ₹ 102
  • Dividend Yield 0.00 %
  • ROCE 18.7 %
  • ROE 42.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 33.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.8%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoters have pledged 49.3% of their holding.
  • Debtor days have increased from 37.2 to 46.5 days.

* 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
94 104 134 133 150 144 162 158 159 157 147 133 152
82 88 113 108 118 108 117 117 117 113 110 101 118
Operating Profit 13 15 21 25 31 37 46 41 42 44 37 33 34
OPM % 14% 15% 16% 19% 21% 25% 28% 26% 26% 28% 25% 24% 22%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 6 6 6 4 5 7 6 4 4 3 4 3 3
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax 2 4 10 16 21 25 34 32 33 35 29 24 26
Tax % 30% 24% 22% 25% 26% 25% 54% 26% 26% 25% 24% 26% 26%
1 3 8 12 15 19 16 24 24 26 22 18 19
EPS in Rs 0.17 0.49 1.21 1.88 2.39 2.93 2.35 3.49 3.60 3.88 3.20 2.64 2.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
73 82 77 61 65 165 240 258 250 411 589 622 590
65 73 67 52 59 147 222 229 218 348 450 458 442
Operating Profit 8 9 9 8 6 18 19 29 33 62 139 164 148
OPM % 11% 11% 12% 14% 9% 11% 8% 11% 13% 15% 24% 26% 25%
1 0 -2 0 3 20 1 0 0 1 1 1 1
Interest 5 4 4 4 3 25 73 89 34 23 22 15 13
Depreciation 2 2 2 2 4 12 21 22 22 21 21 21 21
Profit before tax 2 2 1 2 3 0 -74 -82 -23 18 97 129 114
Tax % 32% 38% 70% 40% 16% 20% -40% -26% -26% 24% 36% 25%
1 2 0 1 2 0 -45 -61 -17 14 62 96 85
EPS in Rs 0.50 0.51 0.11 0.30 0.54 0.06 -9.91 -13.56 -2.68 2.14 9.17 14.16 12.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: 21%
3 Years: 35%
TTM: -5%
Compounded Profit Growth
10 Years: 52%
5 Years: 33%
3 Years: 98%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: 49%
3 Years: 59%
1 Year: -15%
Return on Equity
10 Years: 5%
5 Years: 18%
3 Years: 42%
Last Year: 42%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 29 29 29 45 45 45 45 45 63 64 68 68 68
Reserves 38 40 41 93 96 98 55 -6 -10 5 110 210 632
36 28 42 196 371 525 610 674 657 652 564 515 125
43 45 39 83 87 68 57 39 37 53 39 42 70
Total Liabilities 147 142 152 417 599 736 767 752 747 774 781 835 895
68 67 66 65 340 566 560 539 513 492 481 475 475
CWIP 5 8 11 159 142 2 1 1 1 0 3 13 35
Investments 1 0 0 0 0 0 0 0 0 0 2 2 0
73 67 75 193 117 169 206 213 233 282 294 345 385
Total Assets 147 142 152 417 599 736 767 752 747 774 781 835 895

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 8 -6 36 17 32 83 151 -244 24 83 85
-8 -2 -5 -193 -259 -98 -14 -0 -1 -0 -13 -25
-12 -13 11 227 172 90 -90 -152 247 -25 -64 -61
Net Cash Flow -4 -7 -0 70 -69 23 -21 -1 2 -2 6 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 102 99 67 102 95 51 55 42 53 35 30 46
Inventory Days 259 236 274 325 334 243 213 174 148 113 122 110
Days Payable 130 115 97 86 150 124 76 24 25 44 20 7
Cash Conversion Cycle 231 220 245 341 280 170 192 191 176 104 132 150
Working Capital Days 215 198 173 45 201 78 -45 -215 191 146 144 181
ROCE % 7% 7% 6% 3% 1% 4% -0% 1% 2% 6% 16% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.60% 37.47% 36.96% 36.81% 36.78% 39.90% 39.86% 39.83% 39.83% 40.77% 40.98% 40.93%
0.02% 0.03% 0.00% 0.99% 0.99% 1.43% 1.06% 1.10% 1.39% 3.00% 3.08% 3.15%
9.93% 9.89% 9.76% 6.62% 4.67% 3.61% 3.20% 2.70% 2.63% 2.62% 2.61% 2.60%
52.45% 52.61% 53.28% 55.58% 57.56% 55.07% 55.89% 56.38% 56.15% 53.64% 53.33% 53.32%
No. of Shareholders 7,5868,0968,77010,91611,96412,99618,77524,74122,88723,63028,32730,372

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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