Bharat Wire Ropes Ltd

Bharat Wire Ropes Ltd

₹ 278 -0.80%
18 Jun 4:01 p.m.
About

Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings.
[1]

Key Points

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]

  • Market Cap 1,904 Cr.
  • Current Price 278
  • High / Low 402 / 170
  • Stock P/E 19.8
  • Book Value 97.1
  • Dividend Yield 0.00 %
  • ROCE 15.0 %
  • ROE 23.0 %
  • 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 28.6%
  • Promoter holding has increased by 0.93% over last quarter.

Cons

  • Stock is trading at 2.87 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoters have pledged 49.8% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
69 78 94 104 134 133 150 144 162 158 159 157 147
62 65 82 88 113 108 118 108 117 117 117 113 110
Operating Profit 7 13 13 15 21 25 31 37 46 41 42 44 37
OPM % 11% 17% 14% 15% 16% 19% 21% 25% 28% 26% 26% 28% 25%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest -36 5 6 6 6 4 5 7 6 4 4 3 4
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax 38 2 2 4 10 16 21 25 34 32 33 35 29
Tax % 26% 26% 30% 24% 22% 25% 26% 25% 54% 26% 26% 25% 24%
28 2 1 3 8 12 15 19 16 24 24 26 22
EPS in Rs 4.54 0.29 0.17 0.49 1.21 1.88 2.39 2.93 2.35 3.49 3.60 3.88 3.20
Raw PDF

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
73 82 77 61 65 165 240 258 250 411 589 622
65 73 67 52 59 147 222 229 218 348 450 458
Operating Profit 8 9 9 8 6 18 19 29 33 62 139 164
OPM % 11% 11% 12% 14% 9% 11% 8% 11% 13% 15% 24% 26%
1 0 -2 0 3 20 1 0 0 1 1 1
Interest 5 4 4 4 3 25 73 89 34 23 22 15
Depreciation 2 2 2 2 4 12 21 22 22 21 21 21
Profit before tax 2 2 1 2 3 0 -74 -82 -23 18 97 129
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
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
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: 6%
Compounded Profit Growth
10 Years: 52%
5 Years: 33%
3 Years: 98%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: 52%
3 Years: 68%
1 Year: 60%
Return on Equity
10 Years: 4%
5 Years: 13%
3 Years: 29%
Last Year: 23%

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
Equity Capital 29 29 29 45 45 45 45 45 63 64 68 68
Reserves 38 40 41 93 96 98 55 -6 -10 5 110 593
Preference Capital 0 0 0 0 0 0 0 0 383 383 383
36 28 42 196 371 525 610 674 274 269 182 132
43 45 39 83 87 68 57 39 420 436 422 24
Total Liabilities 147 142 152 417 599 736 767 752 747 774 781 817
68 67 66 65 340 566 560 539 513 492 481 476
CWIP 5 8 11 159 142 2 1 1 1 0 3 12
Investments 1 0 0 0 0 0 0 0 0 0 2 2
73 67 75 193 117 169 206 213 233 282 294 327
Total Assets 147 142 152 417 599 736 767 752 747 774 781 817

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%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.87% 37.60% 37.60% 37.47% 36.96% 36.81% 36.78% 39.90% 39.86% 39.83% 39.83% 40.77%
0.87% 0.02% 0.02% 0.03% 0.00% 0.99% 0.99% 1.43% 1.06% 1.10% 1.39% 3.00%
10.00% 9.93% 9.93% 9.89% 9.76% 6.62% 4.67% 3.61% 3.20% 2.70% 2.63% 2.62%
51.25% 52.45% 52.45% 52.61% 53.28% 55.58% 57.56% 55.07% 55.89% 56.38% 56.15% 53.64%
No. of Shareholders 6,4577,2397,5868,0968,77010,91611,96412,99618,77524,74122,88723,630

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls