Bharat Wire Ropes Ltd
Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings.
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- Market Cap ₹ 1,497 Cr.
- Current Price ₹ 219
- High / Low ₹ 402 / 210
- Stock P/E 17.6
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 18.7 %
- ROE 42.3 %
- Face Value ₹ 10.0
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
Part of BSE Allcap BSE Industrials BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 57% |
1 Year: | -25% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
14 Nov - Investor presentation for Q2-FY 2024-25 released.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - For Newspaper Publication of financial results for the quarter and half year ended 30th September, 2024
- Outcome Of 132Nd Board Meeting Of Bharat Wire Ropes Limited, Regulation 30 And Regulation 33 Of The SEBI (LODR) Regulations, 2015. 28 Oct
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Board Meeting Outcome for Outcome Of 132Nd Board Meeting Of Bharat Wire Ropes Limited, Regulation 30 And Regulation 33 Of The SEBI (LODR) Regulations, 2015.
28 Oct - Outcome of 132nd Board Meeting and financial results.
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Board Meeting Intimation for Intimation For 132Nd Board Meeting Under Regulation 29(1) Of SEBI (LODR) Regulations, 2015.
21 Oct - Intimation of 132nd Board Meeting on financial results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Mar 2024TranscriptNotesPPT
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Mar 2023TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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]