BSE:539799

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Bharat Wire Ropes

Executive Summary

Bharat Wire Ropes Limited manufactures and sells steel wire ropes in India. More Details


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

539799IndustryMarket
7 Day-1.5%7.6%3.0%
30 Day19.2%27.8%12.9%
90 Day1.7%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 Yearn/a141.8%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

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

NamePositionTenureCompensationOwnership
Mahender Arora
Chief Executive Officer4.33yrs₹6.96mno data
Rakesh Jain
Chief Financial Officer5.67yrs₹2.24mno data
Shailesh Rakhasiya
Company Secretary & Compliance Officer6.33yrs₹821.00kno data
Murarilal Mittal
MD & Executive Director6.33yrs₹8.00m0.000010%
₹ 121.6
Venkateswararao Kandikuppa
Whole Time Director7.92yrs₹2.19mno data
Sumit Modak
Project Head of Chalisgaon Plant & Whole Time Director7.92yrs₹3.83mno data
Mayank Mittal
Joint MD & Additional Director4.08yrs₹7.54m0.22%
₹ 2.7m
Sharwan Mittal
Director of Administration6.33yrs₹900.00kno data
Sneha Shanbag
Vice President of Marketingno data₹1.44mno data
Surendra Singh
Deputy General Manager of Human Resource & Administrationno data₹672.00kno data
Jayanta Paral
Senior Vice President of Chalisgaon Plant Operations5.75yrs₹74.00kno data
Govind Gupta
Director of Commercial5.25yrs₹1.77mno 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

NamePositionTenureCompensationOwnership
Murarilal Mittal
MD & Executive Director6.33yrs₹8.00m0.000010%
₹ 121.6
Venkateswararao Kandikuppa
Whole Time Director7.92yrs₹2.19mno data
Sumit Modak
Project Head of Chalisgaon Plant & Whole Time Director7.92yrs₹3.83mno data
Mayank Mittal
Joint MD & Additional Director4.08yrs₹7.54m0.22%
₹ 2.7m
Ruhi Mittal
Non-Executive Non-Independent Director5.67yrs₹20.00kno data
Shiv Malu
Non-Executive Independent Director3.83yrs₹47.25k0.0078%
₹ 94.7k
Sanjiv Swarup
Independent Chairman of the Board2.33yrs₹47.25k0.033%
₹ 397.6k
Dinesh Jain
Additional Non-Executive Independent Director0.42yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539799BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2016
BHARATWIRENSEI (National Stock Exchange of India)YesEquity SharesININRApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 12:16
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.