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Bharat Wire Ropes Ltd share Price Today

Company details

267.50
269.75
170.75
400.60
6M Return -14.65%
1Y Return 53.43%
Mkt Cap.(Cr) 1,832.71
Volume 18,874
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 18,874

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Iron & Steel Products company Bharat Wire Ropes announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenue from Operations Rs 1,623 million, up  21% YoY
    • EBITDA Rs 457 million, up 116% YoY
    • EBITDA Margins 28.16%, up 1,240 bps YoY
    • PAT Rs 159 million, up 107% YoY
    • PAT Margins 9.80%, up 408 bps
    • Diluted EPS Rs 2.48/share, up 102% YoY
  • FY23:
    • Revenue from Operations Rs 5,891 million, up 43.4% YoY
    • EBITDA Rs 1,388 million, up 123% YoY
    • EBITDA Margins 23.56%, up 844 bps YoY
    • PAT Rs 622 million, up 354% YoY
    • PAT Margins 10.56%, up 722 bps
    • Diluted EPS Rs 9.68/share, up 346% YoY
    • Sales volumes increased by 13% YoY in FY23
    • Current capacity utilisation is approximately 60-62%

 

 

Result PDF

View Other Company Results

Bharat Wire Ropes Ltd shares SWOT Analysis

Strengths (9)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (5)

  • Promoters increased pledged shares QoQ
  • Declining Revenue every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 270.5
R2 273.9
R3 276.1
Pivot

268.27

S1 264.8
S2 262.6
S3 259.2
EMA SMA
272.6
279.7
287.0
275.6
272.0
280.2
296.7
294.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Purchase 2024-01-11 386.3 506426 NSE
DESTINATIONS INT EQ FUND A SERIES OF BRINKER CAPITAL DESTINATIONS TRUST Bulk Purchase 2024-01-11 382.95 415474 NSE
NHIT: GLOBAL EMERGING MARKETS EQUITY TRUST Bulk Purchase 2024-01-11 382.95 370579 NSE
Name Category Shares
MAYANK MURARILAL MITTAL PROMOTER 2.5%
MANAN MURARILAL MITTAL PROMOTER 2.35%
MURARILAL MITTAL PROMOTER 1.91%
USHA MURARILAL MITTAL PROMOTER 1.69%
GYANSANKAR INVESTMENT & TRADING CO. PVT. LTD. PROMOTER 31.82%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bharat Wire Ropes Ltd Stocks COMPARISON

Financials( in Cr) Bharat Wire Ropes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 269.35 929.95 177.63 1,060.10 4,206.10
% Change 0.86 -0.58 -0.19 -1.01 -1.91
Mcap Cr 1,832.71 227,414.99 221,744.98 108,139.53 81,346.82
Revenue TTM Cr 589.06 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 62.23 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 18.99 27.15 0.00 18.40 124.68
1 Year Return 53.43 24.19 61.70 86.74 31.62
ROCE 14.85 8.60 12.10 14.17 33.06
ROE 33.42 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 560.15 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Bharat Wire Ropes Ltd Information

Stock PE (TTM)
18.99
Promoter Holding
40.76%
Book Value
96.683
ROCE
14.85%
ROE
33.42%
Description
  • Bharat Wire Ropes Limited is one of the largest manufacturers of Wire, Wire Ropes, Stranded Wires and Slings in India, with an increasing global presence, catering more than 30 countries globally. The company exports its varied products to USA, Singapore, Australia, South Africa, Kuwait, New Zealand, Vietnam, Bangladesh and Nepal. 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. The company caters to a rich mix of clients ranging from Overseas Consumers, Private Players, the entire Indian Defense Segment and Government and Semi - Government Organizations. Providing service to a variety of clients has helped the company develop versatility which makes it better equipped to handle diverse/heterogeneous kinds of enquiries. 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. Bharat Wire Ropes has a well-diversified customer base of more than 500 large and medium size customers across the globe and country from different industries including oil & gas, mining, fishing, ports & marine, elevator, power transmission, railways, construction, infrastructure, defense, crane manufacturers, among others. Bharat Wire Ropes Ltd was incorporated as Bharat Ropes Private Limited on July 24, 1986. Subsequently, the company became a public limited company on June 10 1992. The name of the company was changed to Bharat Wire Ropes Ltd on July 5, 1996. Until the year 2010, the company was owned, managed and controlled by the Shah Group. Subsequently, in the year 2010, one of the corporate Promoter - Gaji Mercantile Private Limited purchased 1,06,75,490 equity shares of the company and accordingly, the management of the company changed. Bharat wire is an ISO 9001:2008 certified company. It also holds product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products. Bharat Wire Ropes raised capital by issuing 1,55,55,555 Equity Shares of Rs. 10/- each per shares for a premium of Rs. 35/- per share to the public at the end of the financial year 2015-16 and got listed on National Stock Exchange of India Limited and BSE Limited on 1 April 2016. The company commenced commercial production on 22 March 2017 at its Chalisgaon, Maharashtra factory which has an installed capacity of 66,000 MTPA which is further enhancing its capacity to manufacture wire ropes, structural strands and slings. During the financial year ended 31 March 2018, Bharat Wire Ropes entered into understanding and arrangement with Bridon Bekaert Ropes Group Limited(Bridon) for 5 years, wherein Bridon shall be sourcing ropes of various configuration from Bharat Wire Ropes for its global requirements and Bharat Wire Ropes will be representing Bridon in Indian markets for special ropes which are not present in the manufacturing range of Bharat Wire Ropes Limited. Both the companies will explore jointly all avenues of quantum increase in business share in the respective domain by exchanging expertise and knowledge wherever necessary.

Registered Address

Plot 1&4 Atgaon Industrial, Complex Taluka Shalpur, Thane, Maharashtra, 421601

Tel : 91-2527-240123
Email : compliance:bharatwireropes.com; investors:bharatwi
Website : http://www.bharatwireropes.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539799
NSE Code : BHARATWIRE
Book Closure Date (Month) : Jul
BSE Group : T
ISIN : INE316L01019

FAQ’s on Bharat Wire Ropes Ltd Shares

You can buy Bharat Wire Ropes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bharat Wire Ropes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 25, 2024 10:49 AM the closing price of Bharat Wire Ropes Ltd was Rs.269.35.

The latest PE ratio of Bharat Wire Ropes Ltd as of Jun 25, 2024 10:49 AM is 18.99

The latest PB ratio of Bharat Wire Ropes Ltd as of Jun 25, 2024 10:49 AM is 0.36

The 52-week high of Bharat Wire Ropes Ltd share price is Rs. 400.60 while the 52-week low is Rs. 170.75

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 Jun 25, 2024 10:49 AM, the market cap of Bharat Wire Ropes Ltd stood at Rs. 1,832.71 Cr.

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