Is Bharat Wire Ropes a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bharat Wire Ropes Ltd is a average quality company .

Is Bharat Wire Ropes undervalued or overvalued?

The key valuation ratios of Bharat Wire Ropes Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Bharat Wire Ropes share price return in the past 10 years?

Data is not available for this company

Is Bharat Wire Ropes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bharat Wire Ropes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Bharat Wire Ropes Ltd - Stock Valuation and Financial Performance

Name: Bharat Wire Ropes
Brand: Bharat Wire Ropes

BSE: 539799 | NSE: BHARATWIRE | Metal - Non Ferrous | Small Cap

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Bharat Wire Ropes Share Price

₹219.10 0.15 0.07%
as on 22-Nov'24 16:59

10 Year X-Ray of Bharat Wire Ropes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	4.6%	2.6%	1.3%	4.3%	-0.2%	1.1%	1.6%	5.8%	16.3%	18.7%	-
Value Creation Index ⓘ	-0.7	-0.8	-0.9	-0.7	-1.0	-0.9	-0.9	-0.6	0.2	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	76.7	60.7	64.8	165	241	258	250	411	589	622	590
Sales YoY Gr.	-	-20.9%	6.8%	154.4%	45.9%	7.1%	-2.9%	64.2%	43.4%	5.6%	-
Adj EPS ⓘ	0.6	0.3	0.1	0.1	-10	-13.6	-2.7	2.1	9.2	14.2	12.4
YoY Gr.	-	-45.8%	-68.8%	30%	-7769.2%	NA	NA	NA	328.5%	54.4%	-
BVPS (₹) ⓘ	24.1	30.8	31.3	31.3	21.4	7.9	69	70.6	82.5	96.6	102.3
Adj Net Profit ⓘ	1.7	1.4	0.5	0.6	-44.8	-61.1	-16.8	13.7	62.3	96.3	85
Cash Flow from Ops. ⓘ	-6.3	36.1	17	31.9	82.8	151	-244	23.7	83.2	85.2	-
Debt/CF from Ops. ⓘ	-6.7	5.4	21.8	16.5	7.4	4.5	-1.1	11.4	2.2	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	26.2%	20.9%	35.5%	5.6%
Adj EPS ⓘ	42.4%	NA	NA	54.4%
BVPSⓘ	16.7%	35.1%	11.9%	17.1%
Share Price	-	48.7%	56.7%	-22.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.5	1.4	0.3	0.4	-36.9	-88.1	-7.1	3.1	12.3	15.8	12.5
Op. Profit Mgn % ⓘ	12	13.6	9.4	10.7	7.8	11.2	13.1	15.1	23.6	26.4	25
Net Profit Mgn % ⓘ	2.3	2.3	0.7	0.4	-18.6	-23.7	-6.7	3.3	10.6	15.5	14.4
Debt to Equity ⓘ	0.6	1.4	2.6	3.7	6.3	19.1	0.6	0.6	0.3	0.2	0.1
Working Cap Days ⓘ	302	534	604	280	242	240	247	180	155	178	106
Cash Conv. Cycle ⓘ	160	207	204	135	144	144	136	81	74	93	88

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.50%

Sales growth is growing at healthy rate in last 3 years 35.46%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -5.12%

Latest Financials - Bharat Wire Ropes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.4	14.1
TTM Sales (₹ Cr.)	590	622
BVPS (₹.) ⓘ	102.3	96.1
Reserves (₹ Cr.) ⓘ	632	589
P/BV ⓘ	2.15	2.29
PE ⓘ	17.71	15.66

From the Market
52 Week Low / High (₹)	210.25 / 401.90
All Time Low / High (₹)	10.50 / 401.90
Market Cap (₹ Cr.)	1,507
Equity (₹ Cr.)	68.5
Face Value (₹)	10
Industry PE ⓘ	17.4

Management X-Ray of Bharat Wire Ropes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

69.14

51.00

44.62

49.81

49.31

* Pledged shares as % of Promoter's holding (%)

Valuation of Bharat Wire Ropes

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bharat Wire Ropes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	77	61	65	165	241	258	250	411	589	622
Operating Expenses ⓘ	67	53	59	148	222	229	218	349	450	458
Manufacturing Costs	4	4	1	11	24	23	22	40	51	45
Material Costs	49	36	48	110	152	163	158	260	329	327
Employee Cost	9	8	7	15	31	31	24	35	44	60
Other Costs ⓘ	6	4	3	11	14	12	13	14	26	26
Operating Profit ⓘ	9	8	6	17	19	29	32	62	139	164
Operating Profit Margin (%)	12.0%	13.4%	9.4%	10.4%	7.8%	11.2%	13.0%	15.1%	23.6%	26.4%
Other Income ⓘ	0	0	3	21	1	1	1	1	1	1
Interest ⓘ	4	4	3	25	73	90	34	23	22	15
Depreciation ⓘ	2	2	4	12	21	22	22	21	21	21
Exceptional Items ⓘ	-2	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	2	3	0	-74	-82	-23	18	97	129
Tax ⓘ	1	1	0	0	-30	-21	-6	4	34	33
Profit After Tax	0	1	2	0	-45	-61	-17	14	62	96
PAT Margin (%)	0.4%	2.2%	3.8%	0.2%	-18.5%	-23.7%	-6.7%	3.3%	10.6%	15.5%
Adjusted EPS (₹)	0.1	0.3	0.5	0.1	-9.9	-13.6	-2.7	2.1	9.2	14.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	71	138	141	141	96	35	431	451	560	657
Share Capital ⓘ	29	45	45	45	45	45	63	64	68	68
Reserves ⓘ	41	93	96	96	51	-10	369	387	492	589
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	40	195	370	485	468	406	269	262	171	119
Long Term Debt	18	173	349	434	358	279	214	207	143	105
Short Term Debt	22	22	21	51	110	127	55	55	28	14
Trade Payables	14	9	20	37	32	11	11	31	18	6
Others Liabilities ⓘ	27	74	69	73	145	254	-18	-18	18	53
Total Liabilities ⓘ	152	417	599	736	742	706	694	726	767	835
Fixed Assets
Gross Block	84	86	344	581	595	595	590	590	600	615
Accumulated Depreciation	18	21	4	15	35	56	77	99	119	140
Net Fixed Assetsⓘ	66	65	340	566	560	539	513	492	481	475
CWIP ⓘ	11	159	142	2	1	1	1	0	3	13
Investmentsⓘ	0	0	0	0	0	0	0	0	2	2
Inventories	39	34	44	73	89	78	65	80	110	99
Trade Receivables	14	17	17	23	36	29	36	40	48	79
Cash Equivalents	2	72	2	26	4	3	5	3	9	8
Others Assetsⓘ	20	69	54	46	51	56	74	110	113	159
Total Assets ⓘ	152	417	599	736	742	706	694	726	767	835

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-6	36	17	32	83	151	-244	24	83	85
PBT ⓘ	3	2	3	0	-74	-82	-23	18	97	129
Adjustment ⓘ	6	6	4	40	95	112	56	45	44	37
Changes in Working Capital ⓘ	-15	29	10	-9	62	121	-278	-39	-57	-81
Tax Paid ⓘ	-1	-1	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-5	-193	-259	-98	-14	0	-1	0	-13	-25
Capex	-1	-2	-276	-238	-14	0	-1	0	-10	-16
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-4	-191	18	140	0	0	0	0	-3	-9
Cash Flow From Financing Activityⓘ	11	227	172	90	-90	-152	247	-25	-64	-61
Net Proceeds from Shares ⓘ	0	70	0	0	0	0	413	3	44	1
Net Proceeds from Borrowing ⓘ	15	165	176	85	-76	-79	5	-8	-64	-38
Interest Paid ⓘ	-4	-4	-3	-25	-73	-89	-98	-23	-21	-12
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	-4	-1	30	59	17	-72	3	-23	-12
Net Cash Flow ⓘ	0	70	-69	23	-21	-1	2	-2	6	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.47	1.28	1.75	0.18	-37.57	-92.55	-7.19	3.1	12.31	15.83
ROCE (%)	4.57	2.61	1.29	4.32	-0.15	1.08	1.61	5.78	16.25	18.72
Asset Turnover Ratio	0.57	0.23	0.14	0.25	0.33	0.36	0.36	0.58	0.79	0.78
PAT to CFO Conversion(x)	N/A	36	8.5	N/A	N/A	N/A	N/A	1.71	1.34	0.89
Working Capital Days
Receivable Days	80	86	87	44	45	46	48	34	27	37
Inventory Days	165	201	201	127	123	118	104	65	59	61
Payable Days	118	114	110	56	39	30	22	24	17	8

Bharat Wire Ropes Ltd Stock News

Bharat Wire Ropes Ltd FAQs

What is the share price of Bharat Wire Ropes?

Company share prices are keep on changing according to the market conditions. The closing price of Bharat Wire Ropes on 22-Nov-2024 16:59 is ₹219.1.

What is the market cap of Bharat Wire Ropes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Bharat Wire Ropes stood at ₹1,506.6.

What is the P/E ratio of Bharat Wire Ropes?

The latest P/E ratio of Bharat Wire Ropes as of 22-Nov-2024 16:59 is 17.71.

What is the P/B ratio of Bharat Wire Ropes?

The latest P/B ratio of Bharat Wire Ropes as of 22-Nov-2024 16:59 is 2.15.

What is the 52-week high and low of Bharat Wire Ropes?

The 52-week high of Bharat Wire Ropes is ₹401.9 and the 52-week low is ₹210.2.

What is the TTM revenue of Bharat Wire Ropes?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bharat Wire Ropes is ₹590.0 ( Cr.) .

About Bharat Wire Ropes Ltd

The company was incorporated as Bharat Ropes Private Limited on July 24, 1986, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The company was converted into a public limited company pursuant to approval of the shareholders in an extraordinary general meeting held on May 2, 1992 and consequently, the name of the company was changed to Bharat Ropes Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was granted on June 10, 1992. Thereafter, the name of the company was changed from Bharat Ropes Limited to Bharat Wire Ropes Limited and a fresh certificate of incorporation consequent upon change of name was granted by the Registrar of Companies, Mumbai, on July 5, 1996.

The company was originally promoted by the Shah Group and in the year 2010, one of its current promoters - Gaji Mercantile Private Limited purchased 1,06,75,490 Equity Shares under SPA dated June 30, 2010. The company’s existing steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. The company also has a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in its current manufacturing process.

The company is proposing to further enhance its capacity to manufacture wire ropes, structural strands and slings by setting up a fully integrated manufacturing facility with an installed capacity of 66,000 MTPA at Chalisgaon, Maharashtra. The company is an ISO 9001:2008 certified company by the British Standards Institution (BSI) for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialized applications and rope fittings in domestic and international market. Its existing setup in Atgaon is accredited with Bureau of Indian Standards (BIS), ISO 9001:2008 and have obtained BIS Licenses for IS:2266, IS:4521, IS:1856, IS:1855,IS:2581, IS:9282, IS:12776. The company also holds product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products.

Business area of the company

The company is a wire rope and wires manufacturing company. It is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products.

Major events

1986: Incorporation of the company and commencement of Business Activities.
1992: Conversion from a private limited company to a public limited company and consequently the name of the company was changed to Bharat Ropes Limited.
1996: Change of name of the company from Bharat Ropes Limited to Bharat Wire Ropes Limited.
2006: Shifting of the manufacturing facility from Bhandup, Mumbai to Atgaon, Thane.
2010: Change in the Management of the company from the Shah Group to the Mittal family.
2012: Raising of Equity of Rs 3000 lakh from Gaji Mercantile Private Limited and Rs. 1000 lakh from Passionate Investment Management Private Limited.
2015: Sanction of Term Loan facility of Rs 33000 lakh.
2015: Grant of Plot No - 4 admeasuring 2,54,376 square meters located at M.I.D.C. Chalisgaon Industrial Area, Village - Khadki, BK Chalisgaon, District Jalgaon - 424101, Maharashtra by way of Predetermined Lease Agreement dated March 31, 2015.