Bharat Wire share price & results
- Jun 2026
- Sept 2026
One of India's largest manufacturers of steel wire ropes, strands, slings and steel wire, exported to 55+ countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 130 | −8.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 12.0 | −25.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | −8.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −1.2 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −37.7 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −15.6% 1Y
1Y: ₹172.29 on 24 Oct 2025 → ₹145.42. High ₹254.7 (11 May 2026), low ₹142.93 (26 Oct 2026).
- Previous close
- ₹142.93
- Market cap
- ₹983 Cr
- 52-week range
- ₹142.93 – ₹254.7
- One year
- −29.66%
Overview
- Symbol
- NSE:BHARATWIRE
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Bharat Wire does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2022 to Mar 2024).
Financials
What the filings say
Net profit, year on year: −25% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 152 | 162 | 172 | 142 | 165 | 143 | 141 | 130 |
| Expenses | 118 | 133 | 135 | 112 | 126 | 110 | 112 | 105 |
| Operating profit | 34 | 29 | 37 | 30 | 38 | 33 | 30 | 26 |
| Operating margin | 22.0% | 18.0% | 22.0% | 21.0% | 23.0% | 23.0% | 21.0% | 20.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 3 |
| Depreciation | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| Profit before tax | 26 | 20 | 28 | 21 | 30 | 24 | 22 | 17 |
| Tax rate | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% | 25.0% | 25.0% | 26.0% |
| Net profit | 19 | 15 | 21 | 16 | 22 | 18 | 16 | 12 |
| EPS (₹ per share) | 2.76 | 2.17 | 3.01 | 2.28 | 3.23 | 2.66 | 2.40 | 1.78 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 589 | 621 | 619 | 591 |
| Expenses | 451 | 457 | 487 | 460 |
| Operating profit | 139 | 164 | 133 | 131 |
| Other income | 0 | 0 | 0 | 0 |
| Interest | 22 | 15 | 14 | 11 |
| Depreciation | 20 | 20 | 22 | 24 |
| Profit before tax | 96 | 129 | 98 | 97 |
| Net profit | 62 | 96 | 73 | 72 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 64 | 68 | 68 | 68 | 69 | 69 |
| Reserves | 5 | 110 | 210 | 285 | 708 | 360 |
| Borrowings | 652 | 564 | 515 | 514 | 102 | 458 |
| Other liabilities | 53 | 39 | 42 | 93 | 99 | 104 |
| Total liabilities | 774 | 781 | 835 | 961 | 977 | 990 |
| Fixed assets | 492 | 481 | 475 | 484 | 482 | 535 |
| Capital work in progress | 0 | 3 | 13 | 47 | 62 | 4 |
| Investments | 0 | 2 | 2 | 0 | 0 | 0 |
| Other assets | 282 | 294 | 345 | 430 | 434 | 451 |
| Total assets | 774 | 781 | 835 | 961 | 977 | 990 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -244 | 24 | 83 | 85 | 73 | 98 |
| Cash from investing | -1 | 0 | -13 | -25 | -62 | -31 |
| Cash from financing | 247 | -25 | -64 | -61 | -11 | -66 |
| Net cash flow | 2 | -2 | 6 | 0 | 0 | 0 |
| Free cash flow | -246 | 23 | 70 | 60 | 9 | 66 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 53 | 35 | 30 | 46 | 51 | 60 |
| Inventory days | 148 | 113 | 122 | 110 | 131 | 140 |
| Days payable | 25 | 44 | 20 | 7 | 18 | 12 |
| Cash conversion cycle | 176 | 104 | 132 | 150 | 164 | 188 |
| Working capital days | 104 | 91 | 120 | 165 | 186 | 219 |
| Return on capital employed | 2.0% | 6.0% | 16.0% | 19.0% | 13.0% | 12.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
ExpensiveTo justify its price of ₹145, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~3%. At that growth it is worth ₹124 — downside of 15%.
- Growth the price implies
- 6.3% 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
- 0.0 pp
- -15% downside if it only repeats history
Ownership
Who owns it
Promoters hold 41.15% as of Sept 2026; institutions added 0.06 pts since Jun 2026.
- Promoters 41.15%
- Foreign institutions 2.17%
- Domestic institutions 18.95%
- Public 37.74%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- NBFC / DFI newly disclosed 18.73% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Bharat Wire above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.66% | −0.09 pp | |
| NBFC / DFI | 18.73% | newly disclosed |
| 4.97% | unchanged | |
| 3.34% | unchanged | |
| 2.59% | unchanged | |
| 2.55% | unchanged | |
| 1.93% | unchanged | |
| 1.67% | unchanged | |
| 0.75% | unchanged | |
| NBFC / DFI | — | off the list |
| — | 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.
Your own record
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