Bharat Wire Ropes Ltd
Bharat Wire Ropes Limited is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings.
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- Market Cap ₹ 1,978 Cr.
- Current Price ₹ 291
- High / Low ₹ 402 / 148
- Stock P/E 21.8
- Book Value ₹ 89.8
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 50.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 153% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
- Debtor days have improved from 39.3 to 29.5 days.
Cons
- Stock is trading at 3.24 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged 44.6% of their holding.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
77 | 73 | 82 | 77 | 61 | 65 | 165 | 240 | 258 | 250 | 411 | 589 | 637 | |
68 | 65 | 73 | 67 | 52 | 59 | 147 | 222 | 229 | 218 | 348 | 450 | 465 | |
Operating Profit | 9 | 8 | 9 | 9 | 8 | 6 | 18 | 19 | 29 | 33 | 62 | 139 | 172 |
OPM % | 12% | 11% | 11% | 12% | 14% | 9% | 11% | 8% | 11% | 13% | 15% | 24% | 27% |
-0 | 1 | 0 | -2 | 0 | 3 | 20 | 1 | 0 | 0 | 1 | 1 | 1 | |
Interest | 4 | 5 | 4 | 4 | 4 | 3 | 25 | 73 | 89 | 34 | 23 | 22 | 17 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 4 | 12 | 21 | 22 | 22 | 21 | 21 | 21 |
Profit before tax | 3 | 2 | 2 | 1 | 2 | 3 | 0 | -74 | -82 | -23 | 18 | 97 | 135 |
Tax % | 29% | 32% | 38% | 70% | 40% | 16% | 20% | 40% | 26% | 26% | 24% | 36% | |
2 | 1 | 2 | 0 | 1 | 2 | 0 | -45 | -61 | -17 | 14 | 62 | 90 | |
EPS in Rs | 0.73 | 0.50 | 0.51 | 0.11 | 0.30 | 0.54 | 0.06 | -9.91 | -13.56 | -2.68 | 2.14 | 9.17 | 13.32 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 29% |
3 Years: | 32% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 45% |
5 Years: | 153% |
3 Years: | 45% |
TTM: | 68% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 40% |
3 Years: | 93% |
1 Year: | 85% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -11% |
3 Years: | 26% |
Last Year: | 50% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 29 | 45 | 45 | 45 | 45 | 45 | 63 | 64 | 68 | 68 |
Reserves | 37 | 38 | 40 | 41 | 93 | 96 | 98 | 55 | -6 | -10 | 5 | 110 | 543 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 383 | 383 | 383 | |
41 | 36 | 28 | 42 | 196 | 371 | 525 | 610 | 674 | 274 | 269 | 182 | 179 | |
35 | 43 | 45 | 39 | 83 | 87 | 68 | 57 | 39 | 420 | 436 | 422 | 35 | |
Total Liabilities | 143 | 147 | 142 | 152 | 417 | 599 | 736 | 767 | 752 | 747 | 774 | 781 | 825 |
61 | 68 | 67 | 66 | 65 | 340 | 566 | 560 | 539 | 513 | 492 | 481 | 475 | |
CWIP | 7 | 5 | 8 | 11 | 159 | 142 | 2 | 1 | 1 | 1 | 0 | 3 | 13 |
Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
75 | 73 | 67 | 75 | 193 | 117 | 169 | 206 | 213 | 233 | 282 | 294 | 335 | |
Total Assets | 143 | 147 | 142 | 152 | 417 | 599 | 736 | 767 | 752 | 747 | 774 | 781 | 825 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 16 | 8 | -6 | 36 | 17 | 32 | 83 | 151 | -244 | 24 | 83 | |
-47 | -8 | -2 | -5 | -193 | -259 | -98 | -14 | -0 | -1 | -0 | -13 | |
41 | -12 | -13 | 11 | 227 | 172 | 90 | -90 | -152 | 247 | -25 | -64 | |
Net Cash Flow | 9 | -4 | -7 | -0 | 70 | -69 | 23 | -21 | -1 | 2 | -2 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 104 | 102 | 99 | 67 | 102 | 95 | 51 | 55 | 42 | 53 | 35 | 30 |
Inventory Days | 201 | 259 | 236 | 274 | 325 | 334 | 243 | 213 | 174 | 148 | 113 | 122 |
Days Payable | 67 | 130 | 115 | 97 | 86 | 150 | 124 | 76 | 24 | 25 | 44 | 20 |
Cash Conversion Cycle | 239 | 231 | 220 | 245 | 341 | 280 | 170 | 192 | 191 | 176 | 104 | 132 |
Working Capital Days | 229 | 215 | 198 | 173 | 45 | 201 | 78 | -45 | -215 | 191 | 146 | 144 |
ROCE % | 9% | 7% | 7% | 6% | 3% | 1% | 4% | -0% | 1% | 2% | 6% | 16% |
Documents
Announcements
- Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Year Ended 31St March, 2024. 12 Apr
- Certificate Under Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Regulations) 2015 For The Year Ended 31St March, 2024 12 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Certificate under regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2024.
- Closure of Trading Window 27 Mar
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Mar - Of rating reaffirmed and withdrawn by Acuite Ratings & Research Ltd on request of the company
Annual reports
Concalls
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Mar 2024TranscriptNotesPPT
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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]