Bharat Wire Ropes Ltd. (BHARATWIRE) AI Stock Analysis

Bharat Wire Ropes Ltd.

(NSE:BHARATWIRE)

Select Model

Rating:58.6Neutral

Price Target:INR 148.00▲(4.26% Upside)

Action:reiterated

Date:08/20/26

The overall score is constrained by weak technical momentum, with the stock trading below key moving averages and showing negative MACD and low RSI readings. The company's financial foundation is a key strength, anchored by a pristine balance sheet with very low debt. However, operational performance is mixed, with declining revenues and compressed margins weighing on the outlook. The moderate P/E ratio and lack of a dividend provide a neutral valuation picture.

Positive Factors

Deleveraging and balance-sheet strengthSubstantial debt reduction alongside steady equity growth leaves Bharat Wire Ropes with greater financial flexibility. Lower leverage can reduce financing pressure, improve resilience through industrial cycles, and preserve capacity to support operations or future growth.

Negative Factors

Recent revenue contractionThe latest revenue decline signals weaker top-line momentum and makes sustained earnings expansion less certain. If contraction persists, lower volumes or pricing power could reduce operating leverage and limit the company’s ability to absorb costs while funding growth.

Bharat Wire Ropes Ltd. (BHARATWIRE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 9.75B
Dividend Yield: ―
Average Volume (3M): 11.22K
Price to Earnings (P/E): 14.1
Beta (1Y): 1.83
Revenue Growth: -7.69%
EPS Growth: -1.46%
Country: India
Employees: 568
Sector: General
Sector Strength: 55
Industry: Steel

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 rop...

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 us...

Bharat Wire Ropes Ltd. Financial Statement Overview

Summary

The company has a very strong balance sheet with a debt-to-equity ratio of just 0.09, providing excellent financial stability. Profitability is acceptable with net margins of 12-15%, but revenue declined 7.7% and gross margins compressed significantly, indicating operational headwinds. Robust operating cash flow is offset by high capex, limiting free cash flow.

Income Statement

65Positive

Balance Sheet

85Very Positive

Cash Flow

60Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price141.95

Price Trends

50DMA168.88Negative

100DMA186.52Negative

200DMA188.03Negative

Market Momentum

MACD-7.23Positive

RSI31.15Neutral

STOCH18.54Positive

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 141.95 is below the 20-day moving average (MA) of 158.06, below the 50-day MA of 168.88, and below the 200-day MA of 188.03, indicating a bearish trend. The MACD of -7.23 indicates Positive momentum. The RSI at 31.15 is Neutral, neither overbought nor oversold. The STOCH value of 18.54 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BHARATWIRE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GANDHITUBE	82Outperform	INR 10.57B	14.22	―	1.71%	11.70%	13.23%
IN:BALUFORGE	66Neutral	INR 52.02B	18.22	―	0.03%	30.79%	22.38%
IN:MMFL	62Neutral	INR 23.18B	20.62	―	0.83%	9.58%	2.00%
IN:BHARATWIRE	59Neutral	INR 9.76B	14.07	―	―	-7.69%	-1.46%
IN:DPWIRES	58Neutral	INR 2.77B	14.81	―	―	-13.87%	0.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RKFORGE	54Neutral	INR 117.71B	109.83	―	0.15%	25.19%	-38.28%

* General Sector Average

Performance Comparison

IN:BHARATWIRE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BHARATWIRE	Bharat Wire Ropes Ltd.	141.95	-68.35	-32.50%
IN:BALUFORGE	Balu Forge Industries Ltd	442.30	-194.61	-30.56%
IN:DPWIRES	DP Wires Ltd.	178.83	-56.39	-23.97%
IN:GANDHITUBE	Gandhi Special Tubes Limited	869.80	15.67	1.83%
IN:MMFL	MM Forgings Limited	480.10	169.66	54.65%
IN:RKFORGE	Ramkrishna Forgings Ltd	646.15	104.87	19.37%

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.

Date of analysis: Aug 20, 2026

Bharat Wire Ropes Ltd. AI Stock Analysis