Bharat Wire Ropes Ltd. (BHARATWIRE) AI Stock Analysis

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Bharat Wire Ropes Ltd.

(NSE:BHARATWIRE)

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Rating:67Neutral

Price Target:INR 180.00▲(19.68% Upside)

Action:reiterated

Date:11/03/26

Bharat Wire Ropes earns a 67, supported strongly by an exceptional balance sheet, near-zero leverage, and healthy cash flow generation. However, the score is heavily constrained by persistent technical weakness, negative price momentum, and recent gross margin contraction.

Positive Factors

De-levered balance sheetThe substantial reduction in debt alongside steady equity growth strengthens financial resilience and lowers leverage-related pressure. A more conservative balance sheet should give Bharat Wire Ropes greater flexibility to fund operations, manage cyclical demand, and pursue growth without relying as heavily on external financing.

Negative Factors

Recent revenue contractionTwo consecutive years of revenue weakening, including a sharper FY2026 decline, indicate that recent demand or realized sales performance has deteriorated. Persistent top-line contraction can reduce operating leverage, limit reinvestment capacity, and make it harder to sustain the company’s historical profitability.

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

Market Cap: INR 10.36B
Dividend Yield: ―
Average Volume (3M): 14.32K
Price to Earnings (P/E): 16.1
Beta (1Y): 1.60
Revenue Growth: -6.91%
EPS Growth: -12.25%
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

Driven by an exceptional balance sheet with a minimal 0.09 debt-to-equity ratio and robust operating cash flow. Slight top-line contraction and gross margin pressures prevent a higher score.

Income Statement

68Positive

Balance Sheet

92Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.96B	5.91B	6.19B	6.22B	5.89B	4.11B
Gross Profit	1.80B	1.87B	2.75B	2.92B	2.60B	550.51M
EBITDA	1.22B	1.32B	1.32B	1.64B	1.38B	628.16M
Net Income	643.87M	724.56M	724.40M	962.00M	622.34M	136.65M
Balance Sheet
Total Assets	10.29B	9.90B	9.56B	8.17B	7.81B	7.74B
Cash, Cash Equivalents and Short-Term Investments	120.30M	2.52M	3.36M	4.38M	94.54M	33.58M
Total Debt	695.99M	748.97M	1.31B	1.32B	1.82B	2.69B
Total Liabilities	1.86B	1.79B	2.19B	1.56B	2.21B	3.22B
Stockholders Equity	8.43B	8.11B	7.37B	6.61B	5.60B	4.52B
Cash Flow
Free Cash Flow	0	125.04M	94.67M	602.17M	697.62M	230.12M
Operating Cash Flow	0	866.42M	740.54M	852.25M	832.31M	236.55M
Investing Cash Flow	0	-313.04M	-619.26M	-249.99M	-134.69M	-4.12M
Financing Cash Flow	0	-553.60M	-110.92M	-606.37M	-642.38M	-253.88M

Bharat Wire Ropes Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price150.40

Price Trends

50DMA162.74Negative

100DMA181.27Negative

200DMA186.99Negative

Market Momentum

MACD-3.89Negative

RSI44.61Neutral

STOCH37.18Neutral

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 150.40 is below the 20-day moving average (MA) of 152.21, below the 50-day MA of 162.74, and below the 200-day MA of 186.99, indicating a bearish trend. The MACD of -3.89 indicates Negative momentum. The RSI at 44.61 is Neutral, neither overbought nor oversold. The STOCH value of 37.18 is Neutral, 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	86Outperform	INR 10.79B	14.03	―	1.68%	17.70%	15.99%
IN:BALUFORGE	74Outperform	INR 64.67B	22.66	―	0.03%	30.79%	22.38%
IN:BHARATWIRE	67Neutral	INR 10.34B	16.05	―	―	-6.91%	-12.25%
IN:MMFL	62Neutral	INR 33.08B	23.91	―	0.58%	21.52%	44.72%
IN:RKFORGE	62Neutral	INR 142.87B	76.18	―	0.38%	25.19%	-38.28%
IN:DPWIRES	61Neutral	INR 2.78B	12.64	―	―	-12.79%	59.78%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* 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.	150.40	-42.80	-22.15%
IN:BALUFORGE	Balu Forge Industries Ltd	549.85	-55.07	-9.10%
IN:DPWIRES	DP Wires Ltd.	179.60	-42.16	-19.01%
IN:GANDHITUBE	Gandhi Special Tubes Limited	888.00	119.03	15.48%
IN:MMFL	MM Forgings Limited	685.15	378.82	123.67%
IN:RKFORGE	Ramkrishna Forgings Ltd	784.25	230.18	41.54%

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: Nov 03, 2026

Bharat Wire Ropes Ltd. AI Stock Analysis