BHARATWIRE
Bharat Wire Ropes Limited (BHARATWIRE) Stock Analysis
Bharat Wire Ropes Limited is an Indian manufacturer of steel wire ropes and strands. Its products are used in mining, construction, oil and gas, and infrastructure lifting applications. Industrial and project customers across India rely on its ropes for heavy-duty use. The company is listed on Indian stock exchanges and operates from India.
Basic Materials › Steel
₹167.80
+4.78% 1W | -2.80% 52W
Market Cap
1.2k CR
P/E Ratio
18.6
52W High
₹262
52W Low
₹148
Div. Yield
0%
Beta
0.6
50 DMA
₹179.7
200 DMA
₹189.9
Profit Margin
11.9%
Inst. Own.
19.2%
✅ BOUNCE FROM SUPPORT
✅ BOUNCE FROM SUPPORT
Fundamentals
Profit & Loss
| Metric | Mar 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|
| Sales | 134 | 144 | 162 | 158 | 159 | 157 | 147 |
| Expenses | 113 | 108 | 117 | 117 | 118 | 113 | 110 |
| Operating Profit | 21 | 37 | 46 | 41 | 42 | 44 | 37 |
| OPM % | 16% | 25% | 28% | 26% | 26% | 28% | 25% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 6 | 7 | 6 | 4 | 4 | 3 | 4 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 10 | 25 | 34 | 32 | 33 | 35 | 29 |
| Tax % | 22% | 25% | 54% | 26% | 26% | 25% | 24% |
| Net Profit | 8 | 19 | 16 | 24 | 24 | 26 | 22 |
| EPS in Rs | 1.21 | 2.93 | 2.35 | 3.50 | 3.59 | 3.87 | 3.19 |
| Metric | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Sales | 411 | 589 | 622 |
| Expenses | 348 | 450 | 458 |
| Operating Profit | 62 | 139 | 164 |
| OPM % | 15% | 24% | 26% |
| Other Income | 1 | 1 | 1 |
| Interest | 23 | 22 | 15 |
| Depreciation | 21 | 21 | 21 |
| Profit before tax | 18 | 97 | 129 |
| Tax % | 24% | 36% | 25% |
| Net Profit | 14 | 62 | 96 |
| EPS in Rs | 2.14 | 9.17 | 14.14 |
| Dividend Payout % | 0% | 0% | 0% |
Shareholding Pattern
Promoters41.27%
FIIs2.72%
DIIs2.61%
Public53.40%
Promoters41.27%
FIIs2.06%
DIIs2.60%
Public54.06%
Promoters41.27%
FIIs2.34%
DIIs0.87%
Public55.52%
Promoters41.27%
FIIs4.42%
DIIs0.32%
Public54.00%
Promoters41.27%
FIIs2.06%
DIIs19.00%
Public37.68%
Promoters39.90%
FIIs1.43%
DIIs3.61%
Public55.07%
Promoters40.77%
FIIs3.00%
DIIs2.62%
Public53.64%
Promoters41.36%
FIIs2.83%
DIIs2.60%
Public53.22%
Promoters41.27%
FIIs4.42%
DIIs0.32%
Public54.00%
Promoters41.27%
FIIs2.06%
DIIs19.00%
Public37.68%
BHARATWIRE
Holdings Analysis
Key strengths & risk signals
52
Overall
42
Fundamental
62
Technical
Risks (4)
TOO MUCH PUBLIC HOLDING! 55.89% public ownership - higher volatility risk.
WEAK POSITION! Current price (167.8) is below both moving averages.
WEAK! Trading at 17.4% of 52W range - near yearly lows.
WEAK YEAR! Stock declined 2.8% in the last year.
Strengths (4)
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
LOW VOLATILITY! Beta of 0.60 - stable stock, less market risk.
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 197,966 vs down days: 138,785. Ratio: 1.43x
TESTING SUPPORT! Stock is at key support level.
Fundamental & Technical Analysis
52Overall
42Fundamental
62Technical
Fundamental Breakdown
Growth Quality
10/30
Revenue CAGR: -0.7% (DECLINING, 2/15). Profit CAGR: 5.2% (MODERATE, 8/15).
Profit Margin
5/10
DECENT EFFICIENCY! 11.9% profit margin - acceptable profitability.
PEG Valuation
3/10
OVERVALUED! PEG of 3.58 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 55.89% public ownership - higher volatility risk.
Stability Index
6/10
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (179.7) is below 200-day average (189.9) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (167.8) is below both moving averages.
Trend Pattern
16/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
3/10
WEAK YEAR! Stock declined 2.8% in the last year.
Volume Sentiment
25/30
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 197,966 vs down days: 138,785. Ratio: 1.43x
RSI
3/5
NEUTRAL! RSI at 45.1 - balanced momentum.
52W Range
1/5
WEAK! Trading at 17.4% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 4.8% (1 week), -2.4% (1 month), -22.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.60 - stable stock, less market risk.
Peer Comparison
Basic Materials · Steel · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATWIRE | ₹167.80 | 18.6 | 11.9% | -0.7% | 5.2% | -2.8% | 52 | BOUNCE FROM SUPPORT | -21.8% | -26.1% | -8.0% | -7.8% |
| SALSTEEL | ₹85.90 | 70.4 | 7.4% | -25.2% | – | +213.5% | 51 | CONSOLIDATING UP | -132.0% | -410.0% | -31.5% | +634.5% |
| MWL | ₹41.60 | 23.7 | 4.2% | 23.3% | 42.8% | +76.7% | 80 | CONSOLIDATION | +17.8% | -22.7% | +14.7% | +19.3% |
| MSPL | ₹30.30 | 53.2 | 1.3% | 3.6% | – | -16.8% | 39 | BREAKDOWN | +23.6% | -74.2% | +16.3% | +1.2% |
| STEELXIND | ₹10.40 | 41.5 | 3.1% | -8.7% | – | -3.2% | 53 | BREAKDOWN | +47.1% | +21.0% | -10.1% | -6.1% |
| RHETAN | ₹17.40 | 102.4 | 54.1% | -34.3% | 23.9% | -16.5% | 61 | BREAKOUT | +300.0% | +45.5% | -18.0% | -51.8% |
| KAMDHENU | ₹36.50 | 12.2 | 11.0% | 1.4% | 24.1% | +32.0% | 66 | CONSOLIDATION | +34.1% | +64.9% | +9.0% | +2.8% |
| AEROENTER | ₹123.30 | 9.3 | 16.4% | 13.7% | 14.5% | +41.5% | 68 | CONSOLIDATION | +847.1% | +302.5% | +40.5% | -5.3% |
Data from TradeAlone · Updated daily
