Bharat Wire

NSE: BHARATWIRE · Iron & Steel Products

52W Range₹148 ₹262

Snapshot

Unlock Bharat Wire's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Bharat Wire Ropes Limited manufactures and distributes a comprehensive range of steel wire ropes, strands, and slings for diverse industrial applications. The company serves sectors including mining, defense, infrastructure, and oil exploration, catering to both domestic and international markets.

Business Model

The company generates revenue through the manufacturing and sale of specialized steel wire products, serving a broad client base that includes government entities, defense organizations, and private industrial consumers. It leverages a diverse product portfolio to address specific engineering requirements across global markets.

Growth Outlook

Growth is driven by sustained demand from infrastructure development, defense modernization, and global industrial expansion. The company continues to focus on its export footprint to capture international market opportunities.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials directly impact the company's manufacturing costs and profit margins.
  • Cyclical Industrial Demand. The company's performance is sensitive to the cyclical nature of the infrastructure, mining, and construction sectors.
  • Geopolitical and Export Risks. Operating in multiple international markets exposes the company to currency fluctuations, trade barriers, and geopolitical instability.
  • Competitive Intensity. The steel wire rope industry is highly competitive, requiring continuous investment in quality standards and technical capabilities to maintain market share.

Price

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Key Metrics

REVENUE

₹591 Cr

TTM · standalone

-4.6%YoY

NET PROFIT

₹72 Cr

TTM · standalone

+0.0%YoY

EPS

₹10.57

TTM · standalone

-0.5%YoY

RETURN ON EQUITY

9.6%

TTM · standalone

-1.1 ppYoY

RETURN ON CAPITAL EMPLOYED

12.3%

TTM · standalone

-1.7 ppYoY

P/E

19.5x

Q4 FY26 · standalone

19.5 vs 47.1x5Y avg

EV/EBITDA

11.3x

Q4 FY26 · standalone

11.3 vs 16.0x5Y avg

EBITDA MARGIN

22.3%

TTM · standalone

+0.8 ppYoY

NET PROFIT MARGIN

11.6%

Q4 FY26 · standalone

-0.4 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · standalone

-0.09xYoY

Peers · Iron & Steel Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Bharat WireBHARATWIRE
1,08019.5311.31-4.6%22.3%9.6%12.3%-5.0%
Manaksia CoatedMANAKCOAT
1,07928.8515.5413.2%10.4%15.8%24.1%-14.0%
Gandhi Spl. TubeGANDHITUBE
97415.4210.9911.1%49.8%24.6%31.6%+17.7%
Hariom PipeHARIOMPIPE
97216.427.3913.4%12.8%21.9%-16.5%
Ratnaveer PrecisRATNAVEER
95514.5210.3419.8%11.4%14.4%18.9%+17.0%
Rajputana Stain.RSL
9199.0%

As of Q4 FY26

Financials