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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bharat Wire Ropes Ltd

About the Company - Bharat Wire Ropes Ltd

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. Currently Company is involved in the business activities of Manufacture of cordage, rope, twine and netting. Company’s Total Operating Revenue is Rs. 410.68 Cr. and Equity Capital is Rs. 63.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - WiresPlot No. 4, MIDC, Chalisgaon Industrial Area, Jalgaon District Maharashtra 424101compliance%20@bharatwireropes.com
http://www.bharatwireropes.com
Management
NamePosition Held
Mr. Sanjiv SwarupChairman & Ind.Director
Mr. Murarilal Ramsukh MittalManaging Director
Mr. Mayank MittalJoint Managing Director
Mr. Sumit Kumar ModakWhole Time Director
Mr. Venkateshwararao KandikuppaWhole Time Director
Ms. Ruhi MittalNon Executive Director
Mr. Shivkumar MaluIndependent Director
Mr. Dinesh Kumar JainIndependent Director

Bharat Wire Ropes Ltd. Share Price Update

Share PriceValue
Today₹302.00
Previous Day₹306.55

Basic Stock Data of Bharat Wire Ropes Ltd

Last Updated: April 9, 2024, 1:33 am

Market Cap 2,109 Cr.
Current Price 310
High / Low402/145
Stock P/E23.3
Book Value 89.8
Dividend Yield0.00 %
ROCE16.2 %
ROE50.5 %
Face Value 10.0

Data Source: screener.in

Bharat Wire Ropes Ltd Quarterly Results

Month

Bharat Wire Ropes Ltd Quarterly Chart

Bharat Wire Ropes Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales777382776165165240258250411589624
Expenses686573675259147222229218348450459
Operating Profit9899861819293362139165
OPM %12%11%11%12%14%9%11%8%11%13%15%24%26%
Other Income-010-20320100111
Interest45444325738934232220
Depreciation22222412212222212121
Profit before tax3221230-74-82-231897125
Tax %29%32%38%70%40%16%20%40%26%26%24%36%
Net Profit2120120-45-61-17146283
EPS in Rs0.730.500.510.110.300.540.06-9.91-13.56-2.682.149.1712.37
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Bharat Wire Ropes Ltd Profit & Loss Yearly Chart

Bharat Wire Ropes Ltd Growth

Compounded Sales Growth
10 Years:23%
5 Years:29%
3 Years:32%
TTM:14%
Compounded Profit Growth
10 Years:45%
5 Years:153%
3 Years:45%
TTM:68%
Stock Price CAGR
10 Years:%
5 Years:40%
3 Years:92%
1 Year:98%
Return on Equity
10 Years:-4%
5 Years:-11%
3 Years:26%
Last Year:50%

Bharat Wire Ropes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929454545454563646868
Reserves3738404193969855-6-105110543
Preference Capital-0-0-0-0-0-0-0-0-0383383383
Borrowings41362842196371525610674274269182179
Other Liabilities35434539838768573942043642235
Total Liabilities143147142152417599736767752747774781825
Fixed Assets6168676665340566560539513492481475
CWIP7581115914221110313
Investments-01-0-0-0-0-0-0-0-0-022
Other Assets75736775193117169206213233282294335
Total Assets143147142152417599736767752747774781825

Bharat Wire Ropes Ltd Reserves and Borrowings Chart

Bharat Wire Ropes Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 15168-636173283151-2442483
Cash from Investing Activity -47-8-2-5-193-259-98-14-0-1-0-13
Cash from Financing Activity 41-12-131122717290-90-152247-25-64
Net Cash Flow9-4-7-070-6923-21-12-26

Bharat Wire Ropes Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days104102996710295515542533530
Inventory Days201259236274325334243213174148113122
Days Payable6713011597861501247624254420
Cash Conversion Cycle239231220245341280170192191176104132
Working Capital Days2292151981734520178-45-215191146144
ROCE %9%7%7%6%3%1%4%-0%1%2%6%16%

Bharat Wire Ropes Ltd Financial Efficiency Indicators Chart

Bharat Wire Ropes Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters37.87%37.87%37.60%37.60%37.47%36.96%36.81%36.78%39.90%39.86%39.83%39.83%
FIIs0.87%0.87%0.02%0.02%0.03%0.00%0.99%0.99%1.43%1.06%1.10%1.39%
DIIs10.00%10.00%9.93%9.93%9.89%9.76%6.62%4.67%3.61%3.20%2.70%2.63%
Public51.25%51.25%52.45%52.45%52.61%53.28%55.58%57.56%55.07%55.89%56.38%56.15%
No. of Shareholders6,5736,4577,2397,5868,0968,77010,91611,96412,99618,77524,74122,887

Bharat Wire Ropes Ltd Shareholding Pattern Chart

No. of Bharat Wire Ropes Ltd Shareholders

This stock is not held by any mutual fund

Bharat Wire Ropes Ltd ROCE Trend

Bharat Wire Ropes Ltd EPS Trend

Bharat Wire Ropes Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)9.682.17
Diluted EPS (Rs.)9.682.17
Cash EPS (Rs.)12.215.50
Book Value[Excl.RevalReserv]/Share (Rs.)82.5070.77
Book Value[Incl.RevalReserv]/Share (Rs.)82.5070.77
Revenue From Operations / Share (Rs.)86.7664.34
PBDIT / Share (Rs.)20.549.83
PBIT / Share (Rs.)17.506.47
PBT / Share (Rs.)14.232.81
Net Profit / Share (Rs.)9.172.14
NP After MI And SOA / Share (Rs.)9.162.14
PBDIT Margin (%)23.6715.28
PBIT Margin (%)20.1710.06
PBT Margin (%)16.404.36
Net Profit Margin (%)10.563.32
NP After MI And SOA Margin (%)10.563.32
Return on Networth / Equity (%)11.113.02
Return on Capital Employeed (%)16.756.22
Return On Assets (%)7.961.76
Long Term Debt / Equity (X)0.250.45
Total Debt / Equity (X)0.320.59
Asset Turnover Ratio (%)0.750.00
Current Ratio (X)3.811.96
Quick Ratio (X)2.281.23
Inventory Turnover Ratio (X)3.560.00
Interest Coverage Ratio (X)6.282.68
Interest Coverage Ratio (Post Tax) (X)3.801.58
Enterprise Value (Cr.)1224.97699.69
EV / Net Operating Revenue (X)2.081.70
EV / EBITDA (X)8.7811.15
MarketCap / Net Operating Revenue (X)1.791.06
Price / BV (X)1.880.96
Price / Net Operating Revenue (X)1.791.06
EarningsYield0.050.03

Bharat Wire Ropes Ltd Profitability Ratios (%)

Bharat Wire Ropes Ltd Liquidity Ratios

Bharat Wire Ropes Ltd Liquidity Ratios (%)

Bharat Wire Ropes Ltd Interest Coverage Ratios (%)

Bharat Wire Ropes Ltd Valuation Ratios

Fair Value of Bharat Wire Ropes Ltd Stock

Fair Value: 1077.76

The stock is undervalued by 247.67% compared to the current price ₹310

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of Bharat Wire Ropes Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (228.62 cr) and profit (5.69 cr) over the years.
  1. The stock has a low average ROCE of 5.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 113.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 210.08, which may not be favorable.
  4. The company has higher borrowings (88.38) compared to reserves (87.69), which may suggest financial risk.

FAQ

What is the latest fair value of Bharat Wire Ropes Ltd?

The latest fair value of Bharat Wire Ropes Ltd is 1077.76.

What is the Market Cap of Bharat Wire Ropes Ltd?

The Market Cap of Bharat Wire Ropes Ltd is 2,109 Cr..

What is the current Stock Price of Bharat Wire Ropes Ltd as on 13 April 2024?

The current stock price of Bharat Wire Ropes Ltd as on 13 April 2024 is 310.

What is the High / Low of Bharat Wire Ropes Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bharat Wire Ropes Ltd stocks is ₹402/145.

What is the Stock P/E of Bharat Wire Ropes Ltd?

The Stock P/E of Bharat Wire Ropes Ltd is 23.3.

What is the Book Value of Bharat Wire Ropes Ltd?

The Book Value of Bharat Wire Ropes Ltd is 89.8.

What is the Dividend Yield of Bharat Wire Ropes Ltd?

The Dividend Yield of Bharat Wire Ropes Ltd is 0.00 %.

What is the ROCE of Bharat Wire Ropes Ltd?

The ROCE of Bharat Wire Ropes Ltd is 16.2 %.

What is the ROE of Bharat Wire Ropes Ltd?

The ROE of Bharat Wire Ropes Ltd is 50.5 %.

What is the Face Value of Bharat Wire Ropes Ltd?

The Face Value of Bharat Wire Ropes Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bharat Wire Ropes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE