Bharat Wire Ropes Ltd

Bharat Wire Ropes Ltd

₹ 275 -0.88%
19 Jun 9:48 a.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 1,882 Cr.
  • Current Price 275
  • High / Low 402 / 170
  • Stock P/E 19.6
  • Book Value 97.1
  • Dividend Yield 0.00 %
  • ROCE 15.0 %
  • ROE 23.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 0.93% over last quarter.

Cons

  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
134 144 162 158 159 157 147
113 108 117 117 118 113 110
Operating Profit 21 37 46 41 42 44 37
OPM % 16% 25% 28% 26% 26% 28% 25%
0 0 0 0 0 0 0
Interest 6 7 6 4 4 3 4
Depreciation 5 5 5 5 5 5 5
Profit before tax 10 25 34 32 33 35 29
Tax % 22% 25% 54% 26% 26% 25% 24%
8 19 16 24 24 26 22
EPS in Rs 1.21 2.93 2.35 3.50 3.59 3.87 3.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
411 589 622
348 450 458
Operating Profit 62 139 164
OPM % 15% 24% 26%
1 1 1
Interest 23 22 15
Depreciation 21 21 21
Profit before tax 18 97 129
Tax % 24% 36% 25%
14 62 96
EPS in Rs 2.14 9.17 14.14
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 68%
1 Year: 53%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 64 68 68
Reserves 5 110 593
Preference Capital 383 383
269 182 132
436 422 24
Total Liabilities 774 781 817
492 481 476
CWIP 0 3 12
Investments 0 2 2
282 294 327
Total Assets 774 781 817

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
24 83 85
-0 -13 -25
-25 -64 -61
Net Cash Flow -2 6 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 30 46
Inventory Days 113 122 110
Days Payable 44 20 7
Cash Conversion Cycle 104 132 150
Working Capital Days 146 144 181
ROCE % 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