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Bharat Wire Ropes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹224.47Undervalued by 13.37%vs CMP ₹198.00

P/E (18.8) × ROE (12.4%) × BV (₹118.00) × DY (2.00%)

₹187.81Fairly Valued by 5.15%vs CMP ₹198.00
MoS: -5.4% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹312.4923%Under (+57.8%)
Graham NumberEarnings₹172.3617%Over (-12.9%)
Earnings PowerEarnings₹79.3811%Over (-59.9%)
DCFCash Flow₹264.5111%Under (+33.6%)
Net Asset ValueAssets₹118.257%Over (-40.3%)
EV/EBITDAEnterprise₹213.609%Fair (+7.9%)
Earnings YieldEarnings₹111.907%Over (-43.5%)
ROCE CapitalReturns₹66.967%Over (-66.2%)
Revenue MultipleRevenue₹90.256%Over (-54.4%)
Consensus (9 models)₹187.81100%Fairly Valued
Key Drivers: EPS CAGR 39.2% lifts DCF — verify sustainability. | Wide model spread (₹67–₹312) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 39.2%

*Investments are subject to market risks

Analyst Summary

Bharat Wire Ropes Ltd operates in the Steel - Wires segment, current market price is ₹198.00, market cap is 1,358 Cr.. At a glance, stock P/E is 18.8, ROE is 12.4 %, ROCE is 12.3 %, book value is 118, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹187.81, around 5.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹619 Cr versus the prior period change of -0.5%, while latest net profit is about ₹72 Cr with a prior-period change of -25.0%. The 52-week range shown on this page is 262/148, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBharat 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…

This summary is generated from the stock page data available for Bharat Wire Ropes Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

62
Bharat Wire Ropes Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.3% GoodROE 12.4% GoodD/E 0.59 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.73% MF sellingPromoter holding at 41.3% Stable
Earnings Quality55/100 · Moderate
OPM expanding (20% → 24%) ImprovingWorking capital: 185 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): 5% YoY FlatProfit (4Q): +4% YoY PositiveOPM: 23.0% (up 5.0% YoY) Margin expansion
Industry Rank60/100 · Moderate
P/E 18.8 vs industry 23.2 In-lineROCE 12.3% vs industry 10.3% AverageROE 12.4% vs industry 8.6% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:33 am

Market Cap 1,358 Cr.
Current Price 198
Intrinsic Value₹187.81
High / Low 262/148
Stock P/E18.8
Book Value 118
Dividend Yield0.00 %
ROCE12.3 %
ROE12.4 %
Face Value 10.0
PEG Ratio0.48

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bharat Wire Ropes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bharat Wire Ropes Ltd 1,358 Cr. 198 262/14818.8 1180.00 %12.3 %12.4 % 10.0
Bedmutha Industries Ltd 350 Cr. 108 177/94.653.8 47.00.00 %14.0 %4.38 % 10.0
D P Wires Ltd 266 Cr. 171 307/12215.1 1720.00 %9.15 %6.83 % 10.0
Geekay Wires Ltd 222 Cr. 21.2 40.6/18.57.37 16.41.53 %16.8 %19.0 % 1.00
Kritika Wires Ltd 158 Cr. 5.95 11.1/4.5021.0 3.790.00 %8.90 %7.73 % 2.00
Industry Average470.80 Cr91.9423.2161.950.26%10.34%8.56%5.67

All Competitor Stocks of Bharat Wire Ropes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 144162158159157147133152162172142165143
Expenses 108117117117113110101118133135112126110
Operating Profit 37464142443733342937303833
OPM % 25%28%26%26%28%25%24%22%18%22%21%23%23%
Other Income 0000000000000
Interest 7644343344432
Depreciation 5555555566666
Profit before tax 25343233352924262028213024
Tax % 25%54%26%26%25%24%26%26%26%26%25%26%25%
Net Profit 19162424262218191521162218
EPS in Rs 2.932.353.493.603.883.202.642.762.173.022.283.232.66

Last Updated: February 6, 2026, 12:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 82776165165240258250411589622619621
Expenses 73675259147222229218348450458487483
Operating Profit 99861819293362139164132138
OPM % 11%12%14%9%11%8%11%13%15%24%26%21%22%
Other Income 0-2032010011111
Interest 4443257389342322151313
Depreciation 2224122122222121212223
Profit before tax 21230-74-82-23189712998103
Tax % 38%70%40%16%20%-40%-26%-26%24%36%25%26%
Net Profit 20120-45-61-171462967277
EPS in Rs 0.510.110.300.540.06-9.91-13.56-2.682.149.1714.1610.5811.19
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%100.00%-100.00%-35.56%72.13%182.35%342.86%54.84%-25.00%
Change in YoY Net Profit Growth (%)0.00%200.00%-200.00%64.44%107.69%110.22%160.50%-288.02%-79.84%

Bharat Wire Ropes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:23%
5 Years:19%
3 Years:15%
TTM:5%
Compounded Profit Growth
10 Years:48%
5 Years:26%
3 Years:74%
TTM:-23%
Stock Price CAGR
10 Years:%
5 Years:46%
3 Years:16%
1 Year:-41%
Return on Equity
10 Years:8%
5 Years:24%
3 Years:27%
Last Year:14%

Last Updated: September 5, 2025, 12:55 am

Balance Sheet

Last Updated: June 19, 2026, 5:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 294545454545636468686869
Reserves 4193969855-6-105110210285742
Borrowings 4219637152561067465765256451551475
Other Liabilities 3983876857393753394288104
Total Liabilities 152417599736767752747774781835956990
Fixed Assets 6665340566560539513492481475484535
CWIP 1115914221110313474
Investments 000000002200
Other Assets 75193117169206213233282294345425451
Total Assets 152417599736767752747774781835956990

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -636173283151-2442483857498
Cash from Investing Activity + -5-193-259-98-14-0-1-0-13-25-62-31
Cash from Financing Activity + 1122717290-90-152247-25-64-61-11-66
Net Cash Flow -070-6923-21-12-26-01-0
Free Cash Flow -11-113-242-6768151-2462370601066
CFO/OP -69%448%279%181%443%521%-748%38%60%52%56%79%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow9.00-33.00-188.00-365.00-507.00-591.00-645.00-624.00-590.00-425.00-351.00-382.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9967102955155425335304651
Inventory Days 236274325334243213174148113122110131
Days Payable 11597861501247624254420718
Cash Conversion Cycle 220245341280170192191176104132150164
Working Capital Days 19867-8781-36-212-39610491120165185
ROCE %7%6%3%1%4%-0%1%2%6%16%19%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 39.90%39.86%39.83%39.83%40.77%40.98%40.93%41.25%41.36%41.27%41.27%41.27%
FIIs 1.43%1.06%1.10%1.39%3.00%3.08%3.15%3.12%2.83%2.72%2.06%2.34%
DIIs 3.61%3.20%2.70%2.63%2.62%2.61%2.60%2.60%2.60%2.61%2.60%0.87%
Public 55.07%55.89%56.38%56.15%53.64%53.33%53.32%53.02%53.22%53.40%54.06%55.52%
No. of Shareholders 12,99618,77524,74122,88723,63028,32730,37231,33831,43232,20432,81233,400

Shareholding Pattern Chart

No. of Shareholders

Bharat Wire Ropes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 14.159.682.17
Diluted EPS (Rs.) 14.159.682.17
Cash EPS (Rs.) 17.2712.215.50
Book Value[Excl.RevalReserv]/Share (Rs.) 40.8526.1470.77
Book Value[Incl.RevalReserv]/Share (Rs.) 40.8526.1470.77
Revenue From Operations / Share (Rs.) 91.3986.7664.34
PBDIT / Share (Rs.) 24.2320.549.83
PBIT / Share (Rs.) 21.1117.506.47
PBT / Share (Rs.) 18.9414.232.81
Net Profit / Share (Rs.) 14.169.172.14
NP After MI And SOA / Share (Rs.) 14.149.162.14
PBDIT Margin (%) 26.5023.6715.28
PBIT Margin (%) 23.1020.1710.06
PBT Margin (%) 20.7216.404.36
Net Profit Margin (%) 15.4910.563.32
NP After MI And SOA Margin (%) 15.4710.563.32
Return on Networth / Equity (%) 34.6035.063.02
Return on Capital Employeed (%) 18.5816.756.22
Return On Assets (%) 11.777.961.76
Long Term Debt / Equity (X) 0.370.800.45
Total Debt / Equity (X) 0.471.020.59
Asset Turnover Ratio (%) 0.770.750.00
Current Ratio (X) 7.553.811.96
Quick Ratio (X) 5.322.281.23
Inventory Turnover Ratio (X) 3.073.560.00
Interest Coverage Ratio (X) 11.156.282.68
Interest Coverage Ratio (Post Tax) (X) 7.523.801.58
Enterprise Value (Cr.) 1999.831224.97699.69
EV / Net Operating Revenue (X) 3.222.081.70
EV / EBITDA (X) 12.138.7811.15
MarketCap / Net Operating Revenue (X) 3.021.791.06
Price / BV (X) 6.755.930.96
Price / Net Operating Revenue (X) 3.021.791.06
EarningsYield 0.050.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 other fabricated metal products. Company's Total Operating Revenue is Rs. 590.54 Cr. and Equity Capital is Rs. 68.58 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Steel - WiresPlot No. 4, MIDC, Chalisgaon Industrial Area, Jalgaon District Maharashtra 424101Contact not found
Management
NamePosition Held
Mr. Sanjiv SwarupChairman(NonExe.&Ind.Director)
Mr. Murarilal Ramsukh MittalManaging Director
Mr. Mayank MittalJoint Managing Director
Mr. Sushil ShardaWhole Time Director - Finance
Mr. Venkateshwararao KandikuppaWhole Time Director
Ms. Ruhi MittalNon Exe.Non Ind.Director
Mr. Anita Rahul ShantaramIndependent Director
Mr. Subhash Chander KaliaIndependent Director

FAQ

What is the intrinsic value of Bharat Wire Ropes Ltd and is it undervalued?

As of 20 June 2026, Bharat Wire Ropes Ltd's intrinsic value is ₹187.81, which is 5.15% lower than the current market price of ₹198.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.4 %), book value (₹118), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bharat Wire Ropes Ltd?

Bharat Wire Ropes Ltd is trading at ₹198.00 as of 20 June 2026, with a FY2026-2027 high of ₹262 and low of ₹148. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,358 Cr..

How does Bharat Wire Ropes Ltd's P/E ratio compare to its industry?

Bharat Wire Ropes Ltd has a P/E ratio of 18.8, which is below the industry average of 23.21. This is broadly in line with or below the industry average.

Is Bharat Wire Ropes Ltd financially healthy?

Key indicators for Bharat Wire Ropes Ltd: ROCE of 12.3 % is moderate. Dividend yield is 0.00 %.

Is Bharat Wire Ropes Ltd profitable and how is the profit trend?

Bharat Wire Ropes Ltd reported a net profit of ₹72 Cr in Mar 2025 on revenue of ₹619 Cr. Compared to ₹14 Cr in Mar 2022, the net profit shows an improving trend.

Does Bharat Wire Ropes Ltd pay dividends?

Bharat Wire Ropes Ltd has a dividend yield of 0.00 % at the current price of ₹198.00. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 4:33 am
Author: Getaka|Social: XLinkedIn
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
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