Bharat Wire Ropes Ltd

Bharat Wire Ropes Ltd

₹ 275 -2.88%
28 Mar - close price
About

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

Key Points

Products
The Company has a diverse product mix which includes General Purpose Ropes, Fishing Ropes, Crane Ropes, Structural Ropes, Elevator Ropes, Mining Ropes, Oil & Gas Ropes, Shipping Ropes, Mechanically Spliced Slings, Hand Spliced Slings, Earth Wires, Stay Wires, Guy Wires and Spiral Strands. [1]

  • Market Cap 1,863 Cr.
  • Current Price 275
  • High / Low 402 / 140
  • Stock P/E 20.6
  • Book Value 89.8
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 50.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
134 144 162 158 159 157
113 108 117 117 118 113
Operating Profit 21 37 46 41 42 44
OPM % 16% 25% 28% 26% 26% 28%
0 0 0 0 0 0
Interest 6 7 6 4 4 3
Depreciation 5 5 5 5 5 5
Profit before tax 10 25 34 32 33 35
Tax % 22% 25% 54% 26% 26% 25%
8 19 16 24 24 26
EPS in Rs 1.21 2.93 2.35 3.50 3.59 3.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 TTM
411 589 637
348 450 465
Operating Profit 62 139 172
OPM % 15% 24% 27%
1 1 1
Interest 23 22 17
Depreciation 21 21 21
Profit before tax 18 97 135
Tax % 24% 36%
14 62 90
EPS in Rs 2.14 9.17 13.31
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 355%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 99%
1 Year: 92%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 50%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Sep 2023
Equity Capital 64 68 68
Reserves 5 110 543
Preference Capital 383 383
269 182 179
436 422 35
Total Liabilities 774 781 825
492 481 475
CWIP 0 3 13
Investments 0 2 2
282 294 335
Total Assets 774 781 825

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
24 83
-0 -13
-25 -64
Net Cash Flow -2 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
Debtor Days 35 30
Inventory Days 113 122
Days Payable 44 20
Cash Conversion Cycle 104 132
Working Capital Days 146 144
ROCE % 16%

Shareholding Pattern

Numbers in percentages

30 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
37.87% 37.87% 37.60% 37.60% 37.47% 36.96% 36.81% 36.78% 39.90% 39.86% 39.83% 39.83%
0.00% 0.87% 0.02% 0.02% 0.03% 0.00% 0.99% 0.99% 1.43% 1.06% 1.10% 1.39%
10.87% 10.00% 9.93% 9.93% 9.89% 9.76% 6.62% 4.67% 3.61% 3.20% 2.70% 2.63%
51.25% 51.25% 52.45% 52.45% 52.61% 53.28% 55.58% 57.56% 55.07% 55.89% 56.38% 56.15%
No. of Shareholders 6,5736,4577,2397,5868,0968,77010,91611,96412,99618,77524,74122,887

* 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