BHARATWIRE

Bharat Wire Ropes Limited

Steel wire ropes and related products for infrastructure and industrial customers

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

bharatwireropes.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹163.77
Market cap
1,119 Cr
Stock P/E
16.2
P/B
1.39
Dividend yield
0.0%
ROE (FY24)
14.6%
ROCE (FY24)
18.1%
Operating margin (FY24)
23.0%
Debt / equity (FY24)
0.20
OCF / EBITDA (FY26)
74.7%
OCF / EBITDA (3Y)
60.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bharat Wire Ropes (BWR) makes steel wire ropes, steel wires, slings and strands for government, semi-government, private and multinational customers in industries such as oil and gas, infrastructure, mining, ports and shipping, cranes and elevators, selling in India and exporting to over 55 countries.

Company snapshot

40thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Net margin of 15.5% — the business keeps a healthy share of every rupee it earns.
1 more signal from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales159 Cr157 Cr147 Cr133 Cr152 Cr162 Cr172 Cr142 Cr165 Cr143 Cr141 Cr130 Cr
Operating expenses (approx.)117 Cr113 Cr110 Cr101 Cr118 Cr133 Cr135 Cr112 Cr126 Cr110 Cr112 Cr105 Cr
EBITDA42 Cr44 Cr37 Cr33 Cr34 Cr29 Cr37 Cr30 Cr38 Cr33 Cr30 Cr26 Cr
OPM %26.2%27.9%25.4%24.4%22.1%17.9%21.6%21.3%23.4%22.8%20.9%19.6%
Other income0.27 Cr0.17 Cr0.22 Cr0.28 Cr0.18 Cr0.16 Cr0.18 Cr0.16 Cr0.19 Cr0.17 Cr0.50 Cr0.33 Cr
Interest4 Cr3 Cr4 Cr3 Cr3 Cr4 Cr4 Cr4 Cr3 Cr2 Cr2 Cr3 Cr
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr6 Cr6 Cr6 Cr6 Cr7 Cr
Profit before tax33 Cr35 Cr29 Cr24 Cr26 Cr20 Cr28 Cr21 Cr30 Cr24 Cr22 Cr17 Cr
Tax %25.8%25.4%23.8%25.8%26.1%25.8%26.0%24.6%26.0%25.2%25.0%26.0%
Net profit24 Cr26 Cr22 Cr18 Cr19 Cr15 Cr21 Cr16 Cr22 Cr18 Cr16 Cr12 Cr
EPS (₹)₹3.60₹3.88₹3.21₹2.65₹2.77₹2.18₹3.02₹2.28₹3.23₹2.66₹2.40₹1.79

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales71 Cr168 Cr241 Cr258 Cr250 Cr411 Cr589 Cr622 Cr619 Cr591 CrSign in free for the trailing twelve months
Operating expenses (approx.)65 Cr151 Cr222 Cr229 Cr218 Cr349 Cr450 Cr458 Cr487 Cr460 CrSign in free for the trailing twelve months
EBITDA6 Cr17 Cr19 Cr29 Cr32 Cr62 Cr139 Cr164 Cr132 Cr131 CrSign in free for the trailing twelve months
OPM %8.6%10.2%7.8%11.2%13.0%15.1%23.6%26.4%21.4%22.1%Sign in free for the trailing twelve months
Other income3 Cr21 Cr0.92 Cr0.32 Cr0.51 Cr0.58 Cr0.67 Cr0.82 Cr0.79 Cr1 CrSign in free for the trailing twelve months
Interest3 Cr25 Cr73 Cr89 Cr34 Cr23 Cr22 Cr15 Cr13 Cr11 CrSign in free for the trailing twelve months
Depreciation4 Cr12 Cr21 Cr22 Cr22 Cr21 Cr21 Cr21 Cr22 Cr24 CrSign in free for the trailing twelve months
Profit before tax3 Cr0.31 Cr-74 Cr-82 Cr-23 Cr18 Cr97 Cr129 Cr98 Cr97 CrSign in free for the trailing twelve months
Tax %16.5%18.4%39.8%25.7%26.4%23.8%35.6%25.3%25.9%25.3%Sign in free for the trailing twelve months
Net profit2 Cr0.25 Cr-45 Cr-61 Cr-17 Cr14 Cr62 Cr96 Cr72 Cr72 CrSign in free for the trailing twelve months
EPS (₹)₹0.54₹0.06₹-9.91₹-13.56₹-3.73₹0.47₹9.68₹14.17₹10.60₹10.57Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.1%0.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital45 Cr45 Cr45 Cr45 Cr63 Cr64 Cr68 Cr68 Cr68 Cr69 Cr
Reserves96 Cr98 Cr55 Cr-6 Cr373 Cr388 Cr492 Cr593 Cr668 Cr742 Cr
Borrowings370 Cr485 Cr468 Cr406 Cr269 Cr269 Cr182 Cr132 Cr131 Cr74 Cr
Other liabilities88 Cr108 Cr199 Cr307 Cr42 Cr53 Cr39 Cr24 Cr88 Cr105 Cr
Total liabilities599 Cr736 Cr767 Cr752 Cr747 Cr774 Cr781 Cr817 Cr956 Cr990 Cr
Fixed assets (net)340 Cr565 Cr560 Cr539 Cr513 Cr491 Cr481 Cr475 Cr483 Cr533 Cr
CWIP142 Cr2 Cr0.37 Cr0.37 Cr0.37 Cr0.12 Cr3 Cr12 Cr47 Cr4 Cr
Investments——0 Cr0 Cr0 Cr0 Cr2 Cr2 Cr0 Cr0 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0 Cr1 Cr0 Cr0 Cr
Inventories44 Cr73 Cr89 Cr78 Cr65 Cr80 Cr110 Cr99 Cr123 Cr117 Cr
Trade receivables17 Cr23 Cr36 Cr29 Cr36 Cr40 Cr48 Cr79 Cr87 Cr97 Cr
Cash & bank2 Cr19 Cr0.34 Cr3 Cr0.49 Cr3 Cr0.04 Cr0.06 Cr0.08 Cr0.05 Cr
Other assets55 Cr53 Cr81 Cr104 Cr132 Cr159 Cr137 Cr149 Cr216 Cr238 Cr
Total assets599 Cr736 Cr767 Cr752 Cr747 Cr774 Cr781 Cr817 Cr956 Cr990 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity17 Cr32 Cr83 Cr151 Cr-244 Cr24 Cr83 Cr85 Cr74 Cr98 Cr
Cash from investing-259 Cr-98 Cr-14 Cr-0.25 Cr-1 Cr-0.41 Cr-13 Cr-25 Cr-62 Cr-31 Cr
Cash from financing172 Cr90 Cr-90 Cr-152 Cr247 Cr-25 Cr-64 Cr-61 Cr-11 Cr-66 Cr
Net cash flow-69 Cr23 Cr-21 Cr-0.99 Cr2 Cr-2 Cr6 Cr-0.41 Cr1 Cr-0.02 Cr
Free cash flow (OCF − Capex)-246 Cr-67 Cr68 Cr151 Cr-245 Cr23 Cr73 Cr70 Cr44 Cr24 Cr

Ratios

MetricMar 2023Mar 2024
ROCE %16.0%18.1%
ROE %11.1%14.6%
Debtor days2946
Inventory days118112
Days payable197
Cash conversion cycle128152
OCF / EBITDA %59.9%52.0%
Debt / equity0.320.20
Current ratio3.827.55
Net debt / EBITDA1.310.81