Bharat Wire Ropes
Market Cap
₹1.2b
Last Updated
2020/12/05 12:16 UTC
Data Sources
Company Financials
Executive Summary
Bharat Wire Ropes Limited manufactures and sells steel wire ropes in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
Similar Companies
Share Price & News
How has Bharat Wire Ropes's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 539799 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 539799's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
539799
7.6%
IN Metals and Mining
3.0%
IN Market
1 Year Return
-2.5%
539799
27.7%
IN Metals and Mining
13.5%
IN Market
Return vs Industry: 539799 underperformed the Indian Metals and Mining industry which returned 27.7% over the past year.
Return vs Market: 539799 underperformed the Indian Market which returned 13.5% over the past year.
Shareholder returns
| 539799 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 7.6% | 3.0% |
| 30 Day | 19.2% | 27.8% | 12.9% |
| 90 Day | 1.7% | 23.0% | 16.1% |
| 1 Year | -2.5%-2.5% | 36.0%27.7% | 15.6%13.5% |
| 3 Year | -75.8%-75.8% | -6.2%-17.6% | 10.0%4.6% |
| 5 Year | n/a | 141.8%97.5% | 65.2%52.7% |
Long-Term Price Volatility Vs. Market
How volatile is Bharat Wire Ropes's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Bharat Wire Ropes undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 539799 (₹27.05) is trading below our estimate of fair value (₹855.11)
Significantly Below Fair Value: 539799 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 539799 is unprofitable, so we can't compare its PE Ratio to the IN Metals and Mining industry average.
PE vs Market: 539799 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 539799's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 539799 is overvalued based on its PB Ratio (16.2x) compared to the IN Metals and Mining industry average (1x).
Next Steps
Future Growth
How is Bharat Wire Ropes forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
36.6%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bharat Wire Ropes has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of 539799’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Bharat Wire Ropes competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Bharat Wire Ropes performed over the past 5 years?
-73.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 539799 is currently unprofitable.
Growing Profit Margin: 539799 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 539799 is unprofitable, and losses have increased over the past 5 years at a rate of 73.5% per year.
Accelerating Growth: Unable to compare 539799's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 539799 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.9%).
Return on Equity
High ROE: 539799 has a negative Return on Equity (-795.19%), as it is currently unprofitable.
Next Steps
Financial Health
How is Bharat Wire Ropes's financial position?
Financial Position Analysis
Short Term Liabilities: 539799's short term assets (₹1.5B) do not cover its short term liabilities (₹5.1B).
Long Term Liabilities: 539799's short term assets (₹1.5B) do not cover its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 539799's debt to equity ratio (9558.8%) is considered high.
Reducing Debt: 539799's debt to equity ratio has increased from 114.4% to 9558.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 539799 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 539799 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.4% per year.
Next Steps
Dividend
What is Bharat Wire Ropes's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 539799's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 539799's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 539799's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 539799's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 539799's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Mahender Arora
4.33yrs
Tenure
₹6,960,000
Compensation
Mr. Mahender Singh Arora has been Chief Executive Officer at Bharat Wire Ropes Limited since August 19, 2016.
CEO Compensation Analysis
Compensation vs Market: Mahender's total compensation ($USD94.35K) is above average for companies of similar size in the Indian market ($USD48.77K).
Compensation vs Earnings: Mahender's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.33yrs | ₹6.96m | no data | |
| Chief Financial Officer | 5.67yrs | ₹2.24m | no data | |
| Company Secretary & Compliance Officer | 6.33yrs | ₹821.00k | no data | |
| MD & Executive Director | 6.33yrs | ₹8.00m | 0.000010% ₹ 121.6 | |
| Whole Time Director | 7.92yrs | ₹2.19m | no data | |
| Project Head of Chalisgaon Plant & Whole Time Director | 7.92yrs | ₹3.83m | no data | |
| Joint MD & Additional Director | 4.08yrs | ₹7.54m | 0.22% ₹ 2.7m | |
| Director of Administration | 6.33yrs | ₹900.00k | no data | |
| Vice President of Marketing | no data | ₹1.44m | no data | |
| Deputy General Manager of Human Resource & Administration | no data | ₹672.00k | no data | |
| Senior Vice President of Chalisgaon Plant Operations | 5.75yrs | ₹74.00k | no data | |
| Director of Commercial | 5.25yrs | ₹1.77m | no data |
5.7yrs
Average Tenure
60yo
Average Age
Experienced Management: 539799's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 6.33yrs | ₹8.00m | 0.000010% ₹ 121.6 | |
| Whole Time Director | 7.92yrs | ₹2.19m | no data | |
| Project Head of Chalisgaon Plant & Whole Time Director | 7.92yrs | ₹3.83m | no data | |
| Joint MD & Additional Director | 4.08yrs | ₹7.54m | 0.22% ₹ 2.7m | |
| Non-Executive Non-Independent Director | 5.67yrs | ₹20.00k | no data | |
| Non-Executive Independent Director | 3.83yrs | ₹47.25k | 0.0078% ₹ 94.7k | |
| Independent Chairman of the Board | 2.33yrs | ₹47.25k | 0.033% ₹ 397.6k | |
| Additional Non-Executive Independent Director | 0.42yr | no data | no data |
4.9yrs
Average Tenure
62yo
Average Age
Experienced Board: 539799's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bharat Wire Ropes Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bharat Wire Ropes Limited
- Ticker: 539799
- Exchange: BSE
- Founded: 1986
- Industry: Steel
- Sector: Materials
- Market Cap: ₹1.216b
- Shares outstanding: 44.95m
- Website: https://www.bharatwireropes.com
Number of Employees
Location
- Bharat Wire Ropes Limited
- A-701, Trade World Building
- Kamala Mills
- Mumbai
- Maharashtra
- 400013
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 539799 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 2016 |
| BHARATWIRE | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Apr 2016 |
Biography
Bharat Wire Ropes Limited manufactures and sells steel wire ropes in India. It offers wires, wire ropes, stranded wires, and slings, as well as mechanically spliced slings, hand spliced slings, earth wires...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/05 12:16 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.