BHARATWIRE
Bharat Wire share price & financials
- Price
- ₹214.57
- Market cap
- ₹1.2k Cr
- Sector
- Capital Goods
What Bharat Wire does
Bharat Wire Ropes manufactures specialty steel wire, wire ropes, strands and slings used across oil & gas, mining, ports & shipping, cranes, elevators, aviation, fishing and material handling applications. It runs two integrated manufacturing plants in Maharashtra using imported stranding and zero-liquid-discharge technology from Germany, UK and Korea, producing wire ropes from 6mm to 100mm and steel wire from 0.3mm to 5.5mm across thousands of product varieties. The company sells to government, semi-government, private and multinational customers, with products reaching over 55 countries including the US, UK, Australia, UAE and Singapore.
Segments
- Wire Ropes
- Strands
- Slings
- Steel Wire
- Total manufacturing capacity
- 72,000 MTPA
- Manufacturing plants
- 2 (Atgaon, Maharashtra - 6,000 MTPA; Chalisgaon, Maharashtra - 66,000 MTPA)
- Employees
- 1,297 (529 permanent + 768 on contract, as of 31 March 2025)
- Countries exported to
- 55+
- Product range
- Wire ropes 6mm-100mm; steel wire 0.3mm-5.5mm; thousands of product varieties
- Export share of revenue (FY26)
- 67% domestic / 33% export product distribution
Quarterly results
Q1 FY27: revenue down 8.5%, net profit down 25.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 152 | 162 | 172 | 142 | 165 +9% | 143 −12% | 141 −18% | 130 −8% |
| EBITDA | 34 | 29 | 37 | 30 | 38 +12% | 33 +14% | 30 −19% | 26 −13% |
| Net profit | 19 | 15 | 21 | 16 | 22 +16% | 18 +20% | 16 −24% | 12 −25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +0.9% 1Y
1Y: ₹170.98 on 10 Sept 2025 → ₹172.48. High ₹254.7 (11 May 2026), low ₹153.96 (27 Mar 2026).
Financials, as filed
Revenue grew 0.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 22.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹589 Cr | ₹621 Cr | ₹619 Cr | ₹591 Cr |
| Operating profit | ₹139 Cr | ₹164 Cr | ₹133 Cr | ₹131 Cr |
| Operating margin | 23.6% | 26.4% | 21.5% | 22.2% |
| Interest | ₹22 Cr | ₹15 Cr | ₹14 Cr | ₹11 Cr |
| Depreciation | ₹20 Cr | ₹20 Cr | ₹22 Cr | ₹24 Cr |
| Net profit | ₹62 Cr | ₹96 Cr | ₹73 Cr | ₹72 Cr |
| Net margin | 10.5% | 15.5% | 11.8% | 12.2% |
| Cash from operations | ₹83 Cr | ₹85 Cr | ₹73 Cr | ₹98 Cr |
| Free cash flow | ₹70 Cr | ₹60 Cr | ₹9 Cr | ₹66 Cr |
| ROCE | 16.0% | 19.0% | 13.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹63 Cr | ₹64 Cr | ₹68 Cr | ₹68 Cr | ₹69 Cr | ₹69 Cr |
| Reserves | ₹-10 Cr | ₹5 Cr | ₹110 Cr | ₹210 Cr | ₹708 Cr | ₹360 Cr |
| Borrowings | ₹657 Cr | ₹652 Cr | ₹564 Cr | ₹515 Cr | ₹102 Cr | ₹458 Cr |
| Other liabilities | ₹37 Cr | ₹53 Cr | ₹39 Cr | ₹42 Cr | ₹99 Cr | ₹104 Cr |
| Total liabilities | ₹747 Cr | ₹774 Cr | ₹781 Cr | ₹835 Cr | ₹977 Cr | ₹990 Cr |
| Fixed assets | ₹513 Cr | ₹492 Cr | ₹481 Cr | ₹475 Cr | ₹482 Cr | ₹535 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹3 Cr | ₹13 Cr | ₹62 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹233 Cr | ₹282 Cr | ₹294 Cr | ₹345 Cr | ₹434 Cr | ₹451 Cr |
| Total assets | ₹747 Cr | ₹774 Cr | ₹781 Cr | ₹835 Cr | ₹977 Cr | ₹990 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +16.39 pp while the public trimmed −15.72 pp. The shareholder count shrank 2% to 31,626.
- Promoters
- 41.3%
- FIIs
- 2.1%
- DIIs
- 19.0%
- Public
- 37.7%
Since Jun 2025
- DIIs +16.39 pp
- Public −15.72 pp
- FIIs −0.66 pp
How it drifted, 12 quarters
Over this window the public fell from 56.4% to 37.7% — −18.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 39.8%, FIIs 1.1%, DIIs 2.7%, Public 56.4%.Dec '23: Promoters 39.8%, FIIs 1.4%, DIIs 2.6%, Public 56.1%.Mar '24: Promoters 40.8%, FIIs 3.0%, DIIs 2.6%, Public 53.6%.Jun '24: Promoters 41.0%, FIIs 3.1%, DIIs 2.6%, Public 53.3%.Sep '24: Promoters 40.9%, FIIs 3.1%, DIIs 2.6%, Public 53.3%.Dec '24: Promoters 41.3%, FIIs 3.1%, DIIs 2.6%, Public 53.0%.Mar '25: Promoters 41.4%, FIIs 2.8%, DIIs 2.6%, Public 53.2%.Jun '25: Promoters 41.3%, FIIs 2.7%, DIIs 2.6%, Public 53.4%.Sep '25: Promoters 41.3%, FIIs 2.1%, DIIs 2.6%, Public 54.1%.Dec '25: Promoters 41.3%, FIIs 2.3%, DIIs 0.9%, Public 55.5%.Mar '26: Promoters 41.3%, FIIs 4.4%, DIIs 0.3%, Public 54.0%.Jun '26: Promoters 41.3%, FIIs 2.1%, DIIs 19.0%, Public 37.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Authum Investment And Infrastructure Limited NBFC / DFI newly disclosed 18.78% held
- Lloyds Metals And Energy newly disclosed 3.35% held
- Lloyds Enterprises Limited newly disclosed 2.00% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bharat Wire above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gyansankar Investment & Trading Co. Pvt. Ltd | 31.75% | unchanged |
| Authum Investment And Infrastructure Limited NBFC / DFI | 18.78% | newly disclosed |
| Alpana S Dangi | 4.99% | unchanged |
| Lloyds Metals And Energy | 3.35% | newly disclosed |
| Manan Murarilal Mittal | 2.60% | unchanged |
| Mayank Murarilal Mittal | 2.56% | unchanged |
| Lloyds Enterprises Limited | 2.00% | newly disclosed |
| Murarilal Mittal | 1.94% | unchanged |
| Usha Murarilal Mittal | 1.68% | unchanged |
| Gyanshankar E-Trading Llp | 0.75% | unchanged |
| M L Mittal Huf | 0.00% | unchanged |
| Authum Investment & Infrastructure Lmited NBFC / DFI | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹172, this stock must grow earnings at 9% every year for 7 years. Our analysis caps realistic growth at ~3%. At that growth it is worth ₹124 — downside of 28%.
- Growth the price implies
- 9.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 5.1% a year
- net profit, FY23–FY26 · EPS 3.4%
- The gap
- 0.1 pp
- -28% downside if it only repeats history
Learn to analyse Bharat Wire
Guides on how to read this kind of business and the numbers that matter.