BHARATWIRE

Bharat Wire Ropes Share PriceBharat Wire Ropes

₹325.5
-8.1 (-2.43%)
As on 09 December, 2023 | 22:50 BSE: 539799 NSE: BHARATWIREISIN: INE316L01019

Bharat Wire Ropes Performance

Day Range

  • Low 323.10
  • High 343.45
₹ 325.5

52 Week Range

  • Low 87.30
  • High 343.45
₹ 325.5
  • Open Price335.00
  • Previous Close333.60
  • Volume463021

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Bharat Wire Ropes Share Price

  • Over 1 Month 19.25%
  • Over 3 Month 20.64%
  • Over 6 Month 84.26%
  • Over 1 Year 187.16%

Bharat Wire Ropes Key Statistics

P/E Ratio 26.7
PEG Ratio 0.2
Market Cap Cr 2,214
Price to Book Ratio 4
EPS 9.2
Dividend 0
Relative Strength Index 70.85
Money Flow Index 91.05
MACD Signal 8.83
Average True Range 13.37

Bharat Wire Ropes Investment Rating

  • Master Rating:
  • Bharat Wire Ropes has an operating revenue of Rs. 1,317.22 Cr. on a trailing 12-month basis. An annual revenue growth of 43% is outstanding, Pre-tax margin of 16% is great, ROE of 11% is good. The company has a reasonable debt to equity of 25%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 61% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 61 which is a FAIR score but needs to improve its earnings, a RS Rating of 92 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 59 indicates it belongs to a fair industry group of Steel-Producers and a Master Score of A is the best. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Wire Ropes Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 159158162144150133134
Operating Expenses Qtr Cr 117117117108118108113
Operating Profit Qtr Cr 42414637312521
Depreciation Qtr Cr 5555555
Interest Qtr Cr 4467546
Tax Qtr Cr 88196542
Net Profit Qtr Cr 2424161915128
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 590411
Operating Expenses Annual Cr 450349
Operating Profit Annual in Cr 13962
Depreciation Cr 2121
Interest Annual Cr 2223
Tax Annual Cr 344
Net Profit Annual Cr 6214
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 8324
Cash from Investing Activity Annual Cr -130
Cash from Financing Annual Activity Cr -64-25
Net Cash Flow Annual Cr 6-2
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 560452
Fixed Assets Annual Cr 485492
Total Non Current Assets Annual Cr 507558
Total Current Assets Annual Cr 274215
Total Assets Annual Cr 781774
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 8371
ROE Annual % 113
ROCE Annual % 176
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2415
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 159158
Operating Expenses Qtr Cr 117117
Operating Profit Qtr Cr 4241
Depreciation Qtr Cr 55
Interest Qtr Cr 44
Tax Qtr Cr 88
Net Profit Qtr Cr 2424
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 590411
Operating Expenses Annual Cr 450349
Operating Profit Annual in Cr 13962
Depreciation Cr 2121
Interest Annual Cr 2223
Tax Annual Cr 344
Net Profit Annual Cr 6214
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 8324
Cash from Investing Activity Annual Cr -130
Cash from Financing Annual Activity Cr -64-25
Net Cash Flow Annual Cr 6-2
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 560452
Fixed Assets Annual Cr 485492
Total Non Current Assets Annual Cr 507558
Total Current Assets Annual Cr 274215
Total Assets Annual Cr 781774
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 8271
ROE Annual % 113
ROCE Annual % 176
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2415

Bharat Wire Ropes Technicals

EMA & SMA

Current Price
₹325.5
-8.1 (-2.43%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹295.07
  • 50 Day
  • ₹277.04
  • 100 Day
  • ₹252.78
  • 200 Day
  • ₹214.84
  • 20 Day
  • ₹292.13
  • 50 Day
  • ₹276.91
  • 100 Day
  • ₹251.73
  • 200 Day
  • ₹202.02

Bharat Wire Ropes Resistance and Support

PIVOT
₹330.69
Resistance
First Resistance 338.27
Second Resistance 351.03
Third Resistance 358.62
RSI 70.85
MFI 91.05
MACD Single Line 8.83
MACD 13.02
Support
First Resistance 317.92
Second Resistance 310.33
Third Resistance 297.57

Bharat Wire Ropes Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 512,515 26,784,034 52.26
Week 1,008,231 60,393,061 59.9
1 Month 563,628 32,464,970 57.6
6 Month 633,771 28,126,776 44.38

Bharat Wire Ropes Result Highlights

Bharat Wire Ropes Synopsis

NSE-Steel-Producers

Bharat Wire Ropes Lt is involved in the business activities of Manufacture of other fabricated metal products. Company’s Total Operating Revenue is Rs. 589.06 Cr. and Equity Capital is Rs. 67.90 Cr. for the Year ended 31/03/2023. Bharat Wire Ropes Ltd. is a Public Limited Listed company incorporated on 24/07/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27200MH1986PLC040468 and registration number is 040468.
Market Cap 2,213
Sales 624
Shares in Float 4.08
No of funds 7
Yield
Book Value 3.95
U/D Vol ratio 2.4
LTDebt / Equity 25
Alpha 0.37
Beta 2.11

Bharat Wire Ropes

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 39.83%39.86%39.89%36.78%
Foreign Portfolio Investors 1.1%1.06%1.43%0.99%
Financial Institutions/ Banks 2.7%3.02%3.46%4.51%
Individual Investors 29.78%28.84%27.83%30.46%
Others 26.59%27.22%27.39%27.26%

Bharat Wire Ropes Management

Name Designation
Mr. Sanjiv Swarup Chairman & Ind.Director
Mr. Murarilal Ramsukh Mittal Managing Director
Mr. Mayank Mittal Joint Managing Director
Mr. Sumit Kumar Modak Whole Time Director
Mr. Venkateshwararao Kandikuppa Whole Time Director
Ms. Ruhi Mittal Non Executive Director
Mr. Shivkumar Malu Independent Director
Mr. Dinesh Kumar Jain Independent Director

Bharat Wire Ropes Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bharat Wire Ropes Corporate Action

Date Purpose Remarks
2023-10-25 Quarterly Results
2023-07-26 Quarterly Results
2023-04-25 Audited Results
2023-03-25 Others Rs.0.00 alia, to consider - a) Allotment of 33,88,270 equity shares of Rs.10/- each at the price not less than Rs.125/- to the Promoter on a preferential basis;
2023-01-24 Quarterly Results

Bharat Wire Ropes FAQs

What is Share Price of Bharat Wire Ropes ?

Bharat Wire Ropes share price is ₹325 As on 09 December, 2023 | 22:36

What is the Market Cap of Bharat Wire Ropes ?

The Market Cap of Bharat Wire Ropes is ₹2213.5 Cr As on 09 December, 2023 | 22:36

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

The P/E ratio of Bharat Wire Ropes is 26.7 As on 09 December, 2023 | 22:36

What is the PB ratio of Bharat Wire Ropes ?

The PB ratio of Bharat Wire Ropes is 4 As on 09 December, 2023 | 22:36

Q2FY23