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Bharat Wire Ropes Ltd.
(BHARATWIRE)
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Rating:59Neutral
Price Target:
₹149.00
▼(-20.74% Downside)
Action:Reiterated
Date:08/20/26
The score is driven mainly by stable fundamentals and a stronger balance sheet (meaningfully reduced debt), but it is held back by deteriorating cash flow quality (sharp free-cash-flow compression) and weak technical momentum (trading below key moving averages with bearish MACD/RSI/Stoch). Valuation is neutral at ~18.5x earnings with no dividend yield data to add support.
Positive Factors
Lower Leverage
The substantial reduction in debt alongside steady equity growth strengthens financial flexibility and reduces balance-sheet pressure. A more conservative capital structure can help Bharat Wire Ropes withstand industrial cyclicality while preserving capacity to fund operations and future investment.
Negative Factors
Revenue Contraction
The recent top-line contraction signals weaker business momentum and makes sustained earnings growth less certain. If lower revenue persists across the company’s industrial markets, operating leverage and the ability to rebuild profitability could remain under pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
The substantial reduction in debt alongside steady equity growth strengthens financial flexibility and reduces balance-sheet pressure. A more conservative capital structure can help Bharat Wire Ropes withstand industrial cyclicality while preserving capacity to fund operations and future investment.
Read all positive factors
Bharat Wire Ropes Ltd. (BHARATWIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.04B
Dividend YieldN/A
Average Volume (3M)9.90K
Price to Earnings (P/E)14.4
Beta (1Y)1.88
Revenue Growth-7.69%
EPS Growth-1.46%
CountryIN
Employees568
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)10.07
Shares Outstanding68,782,980
10 Day Avg. Volume8,427
30 Day Avg. Volume9,903
Financial Highlights & Ratios
PEG Ratio-52.67
Price to Book (P/B)1.33
Price to Sales (P/S)1.83
P/FCF Ratio86.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bharat Wire Ropes Ltd. Business Overview & Revenue Model
Company Description
Bharat Wire Ropes Limited (BWR), established in Mumbai, India, in 1986, is a prominent manufacturer and supplier of steel wire ropes. The company's extensive product portfolio caters to a wide array of industrial applications, offering steel wire ...
How the Company Makes Money
BHARATWIRE primarily makes money by manufacturing and selling steel wire ropes and related wire products to industrial customers. Revenue is generated from (1) product sales of wire ropes (typically the core line) supplied for application-specific...
Bharat Wire Ropes Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.79B | 5.91B | 6.19B | 6.22B | 5.89B | 4.11B |
| Gross Profit | 2.09B | 1.87B | 2.75B | 2.92B | 2.60B | 550.51M |
| EBITDA | 1.27B | 1.32B | 1.32B | 1.64B | 1.38B | 628.16M |
| Net Income | 690.80M | 724.56M | 724.40M | 962.00M | 622.34M | 136.65M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 9.90B | 9.56B | 8.17B | 7.81B | 7.74B |
| Cash, Cash Equivalents and Short-Term Investments | 177.77M | 2.52M | 3.36M | 4.38M | 94.54M | 33.58M |
| Total Debt | 0.00 | 748.97M | 1.31B | 1.32B | 1.82B | 2.69B |
| Total Liabilities | -8.11B | 1.79B | 2.19B | 1.56B | 2.21B | 3.22B |
| Stockholders Equity | 8.11B | 8.11B | 7.37B | 6.61B | 5.60B | 4.52B |
Cash Flow | ||||||
| Free Cash Flow | 312.60M | 125.04M | 94.67M | 602.17M | 697.62M | 230.12M |
| Operating Cash Flow | 557.90M | 866.42M | 740.54M | 852.25M | 832.31M | 236.55M |
| Investing Cash Flow | -245.20M | -313.04M | -619.26M | -249.99M | -134.69M | -4.12M |
| Financing Cash Flow | -342.77M | -553.60M | -110.92M | -606.37M | -642.38M | -253.88M |
Bharat Wire Ropes Ltd. Technical Analysis
Negative
188.00
Price Trends
172.40
Negative
189.09
Negative
188.79
Negative
Market Momentum
-6.46
Positive
28.06
Positive
6.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATWIRE, the sentiment is Negative. The current price of 188 is above the 20-day moving average (MA) of 162.10, above the 50-day MA of 172.40, and below the 200-day MA of 188.79, indicating a bearish trend. The MACD of -6.46 indicates Positive momentum. The RSI at 28.06 is Positive, neither overbought nor oversold. The STOCH value of 6.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARATWIRE.
Bharat Wire Ropes Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₹10.27B | 13.79 | ― | 1.76% | 11.70% | 13.23% | |
69 Neutral | ₹2.89B | 15.43 | ― | 0.16% | -13.87% | 0.59% | |
66 Neutral | ₹51.75B | 18.14 | ― | 0.03% | 30.79% | 22.38% | |
59 Neutral | ₹10.04B | 14.44 | ― | ― | -7.69% | -1.46% | |
57 Neutral | ₹23.69B | 20.97 | ― | 0.82% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹113.54B | 105.52 | ― | 0.16% | 8.55% | -74.66% |
* General Sector Average
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
145.95
-73.30
-33.43%
IN:BALUFORGE
Balu Forge Industries Ltd
440.00
-189.56
-30.11%
IN:DPWIRES
DP Wires Ltd.
186.39
-52.09
-21.84%
IN:GANDHITUBE
Gandhi Special Tubes Limited
845.40
-23.53
-2.71%
IN:MMFL
MM Forgings Limited
490.65
185.76
60.93%
IN:RKFORGE
Ramkrishna Forgings Ltd
623.25
84.77
15.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.