Bharat Wire Ropes

Mumbai, India Founded: 1986 • Age: 40 yrs Listed Acquired By Gaji Mercantile
Wire ropes and slings are manufactured for industrial applications.

About Bharat Wire Ropes

Bharat Wire Ropes is a publicly listed company based in Mumbai (India) founded in 1986, and was acquired by Gaji Mercantile in July 2010. Wire ropes and slings are manufactured for industrial applications. The company has 999 employees. Its chief executive, as recorded, is M S Arora. Its Indian entity Bharat Wire Ropes Limited reported revenue of β‚Ή592 Cr. Bharat Wire Ropes offers products and services including Wire Ropes and Slings. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Bharat Wire Ropes is a manufacturer of wire ropes and slings. Client are from industries like General Engineering, Fishing, Elevators, Cranes, Material Handling, OnshoreOffshore Oil Exploration, Ports Shipping and Mining. Product mix includes Mechanically Spliced Slings, Hand Spliced Slings, Earth Wires, Stay Wires, Guy Wires and Spiral Strands. Manufacturing facility of 12,000 MTPA at Atgaon. Issued IPO in March 2016 at INR 45 share price.

Key Metrics
  • Market Cap
    ₹1,019 Cr

    BHARATWIRE · NSE

  • Share Price
    ₹141.70

    -4.39% today

  • Revenue
    ₹622 Cr

    FY 2023-24 · +5.6% YoY

  • EBITDA
    ₹164 Cr

    Margin 26.4%

  • Net Profit
    ₹96.20 Cr

    FY 2023-24 · +54.6% YoY

  • P/E (TTM)
    16.6x

    P/B 5.7x

  • ROE
    39.6%

    ROCE 18.2%

  • Debt / Equity
    0.26

    Interest cover 10.4x

  • Employee Count
    999
  • Acquired by

Products & Services of Bharat Wire Ropes

Bharat Wire Ropes offers a comprehensive portfolio of products and services, including Wire Ropes and Slings.

Wire Ropes
Industrial Products

Wire ropes are manufactured for applications in engineering, cranes, and elevators, serving diverse industry needs.

Slings
Lifting Equipment

Slings are produced to support safe and efficient operations in sectors like mining and shipping.

Apps and channels of Bharat Wire Ropes

its YouTube channel Bharat Wire Ropes Limited (BWR) has 930 subscribers and 30 videos.

Bharat Wire Ropes Limited (BWR)
YouTube 930 subscribers 30 videos Science & Technology
Open channel

Videos from Bharat Wire Ropes

The most watched videos on Bharat Wire Ropes's YouTube channel, Bharat Wire Ropes Limited (BWR) (930 subscribers). Click a video to play it here.

Lay Direction in Wire Ropes
3.4K views
Why Choose BWR?
2.4K views
How to correctly measure the diameter of a steel wire rope
1.8K views
Why choose BWR?
1.7K views

More on Bharat Wire Ropes Limited (BWR).

Investors in Bharat Wire Ropes

Bharat Wire Ropes has secured backing from 1 investor. Prominent investors backing the company include Gaji Mercantile.

All
InvestorDescriptionFounded YearDomainLocation
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Investor details for Bharat Wire Ropes

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Board of directors of Bharat Wire Ropes Limited (Bharat Wire Ropes)

Bharat Wire Ropes Limited is the primary company behind Bharat Wire Ropes. The board of Bharat Wire Ropes Limited currently have 7 directors; the longest-serving is Murarilal Ramsukh Mittal, appointed in 2010. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Murarilal Ramsukh Mittal
DIN 00010689
Managing Director03 Nov 201015 yrs 11 moBharat Wire Ropes Limited
Ruhi Mittal
DIN 07159227
Director16 Apr 201511 yrs 6 moBharat Wire Ropes Limited
Sanjiv Swarup
DIN 00132716
Director28 Apr 20188 yrs 6 moBharat Wire Ropes Limited
Mayank Mittal
DIN 00127248
Managing Director16 Aug 20206 yrs 2 moBharat Wire Ropes Limited
Sushil Radheyshyam Sharda
DIN 03117481
Whole-time director19 May 20224 yrs 5 moBharat Wire Ropes Limited
Subhash Chander Kalia
DIN 00075644
Director25 Apr 20233 yrs 6 moBharat Wire Ropes Limited
Anita Rahul Shantaram
DIN 00786517
Director25 Apr 20233 yrs 6 moBharat Wire Ropes Limited

People of Bharat Wire Ropes

1 people are tracked at Bharat Wire Ropes (1 in leadership); the tracked headcount is 999.

NameRoleGroup
M S Arora
CEOLeadership
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IPO & Listings of Bharat Wire Ropes

Bharat Wire Ropes is a publicly listed company on the NSE with ticker symbol BHARATWIRE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date01 Apr 2016
  • Listed onBSE: 539799 · NSE: BHARATWIRE
  • Listed entityBharat Wire Ropes Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE316L01019
  • Share price₹165.16 (-2.58% on the day) · 2026-10-14
  • Market capitalisation₹1,164 Cr
  • Price to earnings18.3
  • EPS (diluted, trailing year)₹9.01
  • Volume (last session)185,172

Financials of Bharat Wire Ropes

Exchange-reported figures of Bharat Wire Ropes Limited, the listed company behind Bharat Wire Ropes (NSE: BHARATWIRE).

Financial Highlights

FY 2023-24 Β· Consolidated
Revenue
₹622 Cr
+5.6% YoY
EBITDA
₹164 Cr
+18.1% YoY
Profit After Tax
₹96.20 Cr
+54.6% YoY
Net Worth
₹661 Cr
+17.9% YoY
Total Assets
₹800 Cr
+7.0% YoY
Total Debt
₹132 Cr
-27.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue622589411
Revenue growth+5.6%+43.4%-
EBITDA16413962.18
EBITDA margin+26.4%+23.6%+15.1%
Profit before tax12996.6017.93
Net profit96.2062.2213.67
Net profit margin+15.5%+10.6%+3.3%
EPS (β‚Ή)14.149.172.14
Balance sheet
Total assets800748726
Net worth661560452
Total debt132182269
Cash & bank8.328.733.21
Net working capital316241168
Cash flow
Cash from operations85.2283.2123.65
Cash from investing(25.00)(13.47)(0.41)
Cash from financing(60.64)(64.22)(25.39)
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Mar 2022
Revenue147157159158162144134
Revenue growth (YoY)-9.4%+9.0%--+20.7%--
Other income0.220.170.270.220.160.270.31
EBITDA37.2643.8641.5841.1345.6636.7621.14
EBITDA margin+25.3%+27.9%+26.1%+26.0%+28.1%+25.5%+15.7%
Depreciation5.325.275.335.255.215.125.27
Interest3.643.433.644.086.156.626.21
Profit before tax28.5235.3332.8832.0234.4625.299.97
Tax6.848.998.478.2518.526.412.23
Net profit21.6826.3424.4123.7715.9418.887.74
EPS (β‚Ή)3.193.883.603.502.482.951.23
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue591619622589411250258
Revenue growth-4.7%-0.4%+5.6%+43.4%+64.2%-2.9%-
EBITDA13113216413962.1832.4528.97
EBITDA margin+22.1%+21.4%+26.4%+23.6%+15.1%+13.0%+11.2%
Profit before tax96.9697.8312996.6217.93(22.80)(82.00)
Net profit72.3872.3196.3562.2413.67(16.57)(60.96)
Net profit margin+12.3%+11.7%+15.5%+10.6%+3.3%-6.6%-23.7%
EPS (β‚Ή)10.5610.5814.169.172.14(2.68)(13.56)
Balance sheet
Total assets897878801748726714718
Net worth81173766156045243539.05
Total debt74.90131132182269274674
Cash & bank17.789.358.328.733.215.353.44
Net working capital407379316241168136120
Cash flow
Cash from operations97.6973.0485.2283.2323.65(244)151
Cash from investing(31.30)(61.93)(25.00)(13.47)(0.41)(1.35)(0.25)
Cash from financing(66.40)(11.09)(60.64)(64.24)(25.39)247(152)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue130141143165142172162152
Revenue growth (YoY)-8.0%-17.7%-11.7%+8.2%+6.1%---
Other income0.330.500.170.190.160.190.160.18
Total expenses105112110126112135133118
EBITDA25.5329.6332.5738.4430.1137.0929.0033.69
EBITDA margin+19.6%+20.9%+22.8%+23.4%+21.3%+21.6%+17.9%+22.1%
Depreciation6.586.115.995.865.825.755.505.45
Interest2.762.092.352.843.763.633.602.90
Profit before tax16.5221.9324.4029.9320.6927.9020.0625.52
Tax4.295.476.157.785.097.315.186.67

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Mar 2022
Revenue147157159158162144134
Revenue growth (YoY)-9.4%+9.0%--+20.7%--
Other income0.220.170.270.220.160.270.31
EBITDA37.2643.8641.5841.1345.6636.7621.14
EBITDA margin+25.3%+27.9%+26.1%+26.0%+28.1%+25.5%+15.7%
Depreciation5.325.275.335.255.215.125.27
Interest3.643.433.644.086.156.626.21
Profit before tax28.5235.3332.8832.0234.4625.299.97
Tax6.848.998.478.2518.526.412.23
Net profit21.6826.3424.4123.7715.9418.887.74
EPS (β‚Ή)3.193.883.603.502.482.951.23
ParticularsFY 2023-24FY 2022-23FY 2021-22
Revenue622589411
Revenue growth+5.6%+43.4%-
Other income0.820.670.58
Total expenses458450348
Employee cost59.5744.3034.59
EBITDA16413962.18
EBITDA margin+26.4%+23.6%+15.1%
Depreciation21.1620.6621.44
Interest14.7922.2023.39
Profit before tax12996.6017.93
Tax32.5534.384.26
Net profit96.2062.2213.67
Net profit margin+15.5%+10.6%+3.3%
EPS (β‚Ή)14.149.172.14
ParticularsFY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital451451446
Reserves & surplus2101105.22
Shareholders' funds (net worth)661560452
Minority interest0.000.000.00
Secured loans113159195
Unsecured loans19.0222.9473.39
Total debt132182269
Total liabilities800748726
Assets
Gross block615600590
Net block475481492
Capital work in progress12.813.490.42
Investments2.252.390.00
Inventories98.5811080.45
Sundry debtors79.1647.6739.90
Cash & bank balances8.328.733.21
Loans & advances14710891.91
Total current assets333274215
Total current liabilities16.6032.8347.45
Net working capital316241168
Total assets800748726
ParticularsFY 2023-24FY 2022-23FY 2021-22
Opening cash8.733.215.35
Net cash from operating activities85.2283.2123.65
Net cash from investing activities(25.00)(13.47)(0.41)
Net cash from financing activities(60.64)(64.22)(25.39)
Net change in cash(0.41)5.52(2.15)
Closing cash8.328.733.21
ParticularsFY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+5.6%+43.4%-
EBITDA growth+18.1%+123.2%-
PBT growth+33.3%+438.8%+9997.0%
Net income growth+54.6%+355.2%-
Profitability & leverage
Net income margin+15.5%+10.6%+3.3%
Return on capital employed+18.2%+14.9%+5.0%
Return on net worth+39.6%+33.4%+8.3%
Debt / equity0.260.450.60
Long-term debt / equity0.190.280.32
Interest cover10.3618.7957.41
Efficiency & per share
Fixed asset turnover1.020.990.70
Inventory turnover5.966.185.10
Debtors turnover9.8113.4510.29
EPS (β‚Ή)14.149.172.14
Dividend per share (β‚Ή)0.000.000.00
Book value per share (β‚Ή)40.8526.1410.82
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue130141143165142172162152
Revenue growth (YoY)-8.0%-17.7%-11.7%+8.2%+6.1%---
Other income0.330.500.170.190.160.190.160.18
Total expenses105112110126112135133118
EBITDA25.5329.6332.5738.4430.1137.0929.0033.69
EBITDA margin+19.6%+20.9%+22.8%+23.4%+21.3%+21.6%+17.9%+22.1%
Depreciation6.586.115.995.865.825.755.505.45
Interest2.762.092.352.843.763.633.602.90
Profit before tax16.5221.9324.4029.9320.6927.9020.0625.52
Tax4.295.476.157.785.097.315.186.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue591619622589411250258
Revenue growth-4.7%-0.4%+5.6%+43.4%+64.2%-2.9%-
Other income1.020.800.820.670.580.510.30
Total expenses460487458450348218229
Employee cost73.6865.8359.5744.3034.4324.2330.81
EBITDA13113216413962.1832.4528.97
EBITDA margin+22.1%+21.4%+26.4%+23.6%+15.1%+13.0%+11.2%
Depreciation23.7822.0621.1620.6621.4421.6921.80
Interest11.0413.3314.7922.2023.3934.0789.47
Profit before tax96.9697.8312996.6217.93(22.80)(82.00)
Tax24.4925.4332.5434.384.26(6.02)(21.04)
Net profit72.3872.3196.3562.2413.67(16.57)(60.96)
Net profit margin+12.3%+11.7%+15.5%+10.6%+3.3%-6.6%-23.7%
EPS (β‚Ή)10.5610.5814.169.172.14(2.68)(13.56)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital45145145145144644544.95
Reserves & surplus3602852101105.22(10.07)(5.90)
Shareholders' funds (net worth)81173766156045243539.05
Secured loans66.33118113159195199597
Unsecured loans8.5713.4019.0222.9473.3975.1577.39
Total debt74.90131132182269274674
Total liabilities897878801748726714718
Assets
Gross block718644615600590590595
Net block535484475481492513539
Capital work in progress4.2346.9012.813.490.420.620.54
Investments0.000.002.412.410.000.000.00
Inventories11712398.5811080.4564.7277.65
Sundry debtors97.3386.7179.1647.6739.9036.2829.39
Cash & bank balances17.789.358.328.733.215.353.44
Loans & advances20619914710891.9161.7443.50
Total current assets438419333274215168154
Total current liabilities31.0539.2316.6032.8347.4532.1134.31
Net working capital407379316241168136120
Total assets897878801748726714718
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.080.068.733.215.353.444.44
Net cash from operating activities97.6973.0485.2283.2323.65(244)151
Net cash from investing activities(31.30)(61.93)(25.00)(13.47)(0.41)(1.35)(0.25)
Net cash from financing activities(66.40)(11.09)(60.64)(64.24)(25.39)247(152)
Net change in cash(0.02)0.02(0.41)5.52(2.15)1.91(0.99)
Closing cash17.789.358.328.733.215.353.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.7%-0.4%+5.6%+43.4%+64.2%-2.9%-
EBITDA growth-1.3%-19.3%+18.2%+123.2%+91.6%+12.0%-
PBT growth-0.9%-24.1%+33.4%+438.9%+9998.0%+72.2%-10.7%
Net income growth+0.1%-25.0%+54.8%+355.3%+182.5%+72.8%-
Revenue CAGR (3Y)+0.1%+14.7%+35.5%+31.7%+19.5%+14.9%+58.4%
EBITDA CAGR (3Y)-2.0%+28.7%+71.6%+68.6%+49.3%+23.8%+68.2%
Profitability & leverage
Net income margin+12.3%+11.7%+15.5%+10.6%+3.3%-6.7%-23.7%
Return on capital employed+12.2%+13.3%+18.2%+14.9%+5.4%0.0%0.0%
Return on net worth+18.5%+22.9%+39.6%+33.4%+12.6%0.0%0.0%
Debt / equity0.130.190.260.450.612.009.25
Long-term debt / equity0.060.110.170.260.321.336.53
Interest cover10.3212.0810.3518.7957.41316.641,247.84
Efficiency & per share
Fixed asset turnover0.870.981.020.990.700.420.43
Inventory turnover4.915.585.966.185.663.513.10
Debtors turnover6.427.479.8113.4510.787.627.86
EPS (β‚Ή)10.5610.5814.169.172.14(2.68)(13.56)
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)62.4351.7140.8826.1410.828.398.69

Timeline of Bharat Wire Ropes

3 dated milestones of Bharat Wire Ropes across 30 years, from founding to its latest funding, stage changes and deals.

  1. Founded Bharat Wire Ropes is founded.
  2. Exit Acquired by Gaji Mercantile.
  3. IPO Lists on the stock exchange (IPO).

Web traffic of Bharat Wire Ropes

The website of Bharat Wire Ropes (bharatwireropes.com) receives about 3K visits a month.

  • Monthly visits
    3K

    ▼ 34.4% vs previous month

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Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Bharat Wire Ropes (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

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Industrial components, mould bases, and storage solutions are manufactured globally.
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Frequently Asked Questions about Bharat Wire Ropes

Bharat Wire Ropes was founded in 1986.

Bharat Wire Ropes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

M S Arora is the CEO of Bharat Wire Ropes, as recorded in our data.

Bharat Wire Ropes has 999 employees.

The primary company behind Bharat Wire Ropes, Bharat Wire Ropes Limited, reported revenue of β‚Ή592 Cr for FY 2026, down 5% year on year.

Bharat Wire Ropes is a manufacturer of wire ropes and slings. Client are from industries like General Engineering, Fishing, Elevators, Cranes, Material Handling, OnshoreOffshore Oil Exploration, Ports Shipping and Mining. Product mix includes Mechanically Spliced Slings, Hand Spliced Slings, Earth Wires, Stay Wires, Guy Wires and Spiral Strands. Manufacturing facility of 12,000 MTPA at Atgaon. Issued IPO in March 2016 at INR 45 share price.

Bharat Wire Ropes offers Wire Ropes and Slings.

Yes, Bharat Wire Ropes is publicly traded on NSE under the ticker symbol BHARATWIRE.

Bharat Wire Ropes has 1 investor. Key investors include Gaji Mercantile.

Bharat Wire Ropes operates through Bharat Wire Ropes Limited.

Yes. Bharat Wire Ropes was acquired by Gaji Mercantile in July 2010.

The legal entities of Bharat Wire Ropes currently have 10 directors, including Ruhi Mittal, Sanjiv Swarup, Murarilal Ramsukh Mittal and others.

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