# Bharat Wire Ropes share price today (Bharat Wire Ropes Ltd, NSE: BHARATWIRE)

> Bharat Wire Ropes share price today: ₹149.95 at the NSE close on 4 November 2026, down 24.0% in a year. Bharat Wire Ropes (NSE: BHARATWIRE) is worth ₹1,030 crore, trades at a P/E of 14.9 and has closed between ₹141.70 and ₹250.78 over the past 52 weeks. > Bharat Wire Ropes Ltd's P/E is near the low end of its own history, higher than only 9% of past readings, and its quarterly results are still getting worse. BHARATWIRE · Steel - Wires · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/bharat-wire-ropes-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹149.95 (−24.0% in a year)
- P/E: 14.9× (lower than 91% of the last 10 years)
- Revenue (Jun 2026): ₹130 Cr (−8.5% on a year ago)
- Profit (Jun 2026): ₹12.0 Cr (−25.0% on a year ago)
- Operating margin: 20.0% (−1.0 points on a year ago)
- ROCE: 12%, FY26
- ROIC: 8.0%, against a 12.0% cost of capital: −4.0 points

The main question: the P/E is near the low end of its own history, higher than only 9% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Bharat Wire Ropes share price today? Bharat Wire Ropes Ltd's share price was ₹149.95 at the close on 4 November 2026. It has been falling for 8 weeks. That is 19.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹142 and ₹251, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running. Over the last 11 years the share price moved +247% while the NIFTY 500 moved +228%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Bharat Wire Ropes' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Bharat Wire Ropes reported revenue of ₹130 crore, down 8.5% from ₹142 crore a year earlier, and a profit of ₹12.0 crore, down 25.0% from ₹16.0 crore. ### Bharat Wire Ropes results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹130 crore | ₹142 crore | −8.5% |
| Profit | ₹12.0 crore | ₹16.0 crore | −25.0% |
| Earnings per share | ₹1.78 | ₹2.28 | −21.9% |
| Operating margin | 20.0% | 21.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 3 May 2024, about January to March 2024; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Bharat Wire Ropes share price history? Bharat Wire Ropes closed at ₹149.95 on 4 November 2026, down 24.0% from ₹197.43 a year earlier (7 November 2025) and up 161.9% over five years. Its highest weekly close since April 2016 was ₹395.15 on 12 January 2024. ### Bharat Wire Ropes share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹141.70 | +5.8% |
| 1 month ago · 1 Oct 2026 | ₹160.12 | −6.4% |
| 6 months ago · 8 May 2026 | ₹250.78 | −40.2% |
| 1 year ago · 7 Nov 2025 | ₹197.43 | −24.0% |
| 3 years ago · 3 Nov 2023 | ₹265.90 | −43.6% |
| 5 years ago · 4 Nov 2021 | ₹57.25 | +161.9% |
| 10 years ago · 4 Nov 2016 | ₹51.35 | +192.0% |
| Earliest weekly close in our records · 22 Apr 2016 | ₹43.20 | +247.1% |
| Highest weekly close since April 2016 · 12 Jan 2024 | ₹395.15 | −62.1% |
| Lowest weekly close since April 2016 · 27 Mar 2020 | ₹11.35 | +1,221.1% |
| 52-week high (weekly close) · 8 May 2026 | ₹250.78 | −40.2% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹141.70 | +5.8% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (556 weekly closes from 22 April 2016 to 4 November 2026.)

## What is the latest news on Bharat Wire Ropes? 4 Nov 2026: Bharat Wire Ropes closed at ₹149.95, up 5.8% on the week and down 6.4% on the month. Results for April to June 2026: Revenue down 8.5% and profit down 25.0% on a year earlier. ### Earlier

- 3 May 2024: Bharat Wire Ropes held its results call for January to March 2024. ## What dividend does Bharat Wire Ropes pay? Bharat Wire Ropes has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Bharat Wire Ropes Ltd paid out 0% of its profit as dividends in each of its last 12 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Bharat Wire Ropes management say on the latest results call? On the call for January to March 2024, held on 3 May 2024, Bharat Wire Ropes' management spoke about the quarter; the main points are below. Source: [the call transcript](https://files.tijorifinance.com/insight/india/6561/Conference Call/CC-Mar24.pdf). (From the call for January to March 2024, 3 May 2024. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Bharat Wire Ropes? What is changing in the business? What is changing at Bharat Wire Ropes, from the latest results and calls: value-added product mix shift, us market penetration (8% → 13% revenue share) and debt reduction and interest cost deleveraging. - Value-Added Product Mix Shift. Shifting from commodity wire ropes to elevator ropes, compacted ropes, high-zinc coated ropes (currently 10-15% of mix, goal 20%+), realizations 30%+ higher than standard products, with materially better operating profit per ton. ⚠ estimate
- US Market Penetration (8% → 13% revenue share). US revenue share risen from 8% to 13% despite initial tariff-driven customer caution, product quality acceptance confirmed in the world's most demanding wire rope market. ⚠ estimate
- Debt Reduction and Interest Cost Deleveraging. D/E below 0.2, long-term debt repayment from cash flows (₹60 Cr repaid Sep 2022-Sep 2023), interest costs approximately 3% of turnover, each ₹10 Cr reduction in interest flows directly to profit. ⚠ estimate
- Industrial Promotion Subsidy (Maharashtra PSI, EXPIRED Oct 2025). ₹435 Cr total eligibility subsidy expired October 2025, post-expiry operating margin test is now live; management asserted operating profit sustainable at 10% without subsidy. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 17 May 2026.)

## What could change the Bharat Wire Ropes story? What are the risks? ₹40-50 Cr annual subsidy (booked as revenue) expired October 2025; post-expiry operating margin is now the live test of management's self-sufficiency claim. ### The main risks

- Subsidy expiry confirmed October 2025, post-expiry operating margin test now live: ₹40-50 Cr annual subsidy (booked as revenue) expired October 2025; post-expiry operating margin is now the live test of management's self-sufficiency claim. ✓ fact
- Working capital elongation, 140-154 days cash conversion cycle: Cash conversion days increased from 140 (FY24) to 154 (FY25), inventory and debtor buildup compresses free cash flow even as profit grows, limiting actual cash available for pledge reduction or capital spending. ✓ fact
- US tariff escalation reversing volume gains: Further escalation in US trade protectionism on steel products could reverse the 8→13% US revenue share gain, the most valuable export market for wire ropes. ✓ fact
- Volume growth guidance miss, 7% FY24 actual vs 15% guidance: FY24 volume grew approximately 7% vs management guidance of 15%, margin expansion compensated, but volume acceleration is the real unlock for the debottlenecking thesis. ✓ fact

(Our read after the latest results, written 17 May 2026.)

## What to watch in Bharat Wire Ropes' next results? When Bharat Wire Ropes reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: Promoter pledge % in quarterly shareholding disclosures. | What to check | Why |
| --- | --- |
| Promoter pledge % in quarterly shareholding disclosures. |  |
| FY26 operating margin and profit margin, first two post-expiry quarters are the acid test. | Subsidy expiry confirmed October 2025, post-expiry operating margin test now live |
| Cash conversion days in annual results; trade receivables trend. | Working capital elongation, 140-154 days cash conversion cycle |
| US tariff announcements on specialty steel/wire products; quarterly US volume mix. | US tariff escalation reversing volume gains |
| Quarterly volume disclosures (tons); capacity utilization updates. | Volume growth guidance miss, 7% FY24 actual vs 15% guidance |

## Which stock lists is Bharat Wire Ropes on? Bharat Wire Ropes is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Bharat Wire Ropes profitable? Bharat Wire Ropes Ltd earned ₹12.0 Cr of net profit in the Jun 2026 quarter, −25.0% on the same quarter a year earlier. Full-year FY26 profit was ₹72.0 Cr. Over 10 years profit has grown 53.4% a year on average. That is 9.2% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr. For the full year, FY26 profit was ₹72.0 Cr (+0.0% on the year before). Why profit moved: revenue changed −8.5% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −3.3% and revenue −7.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Bharat Wire Ropes make, and is it growing? Bharat Wire Ropes Ltd reported ₹130 Cr of revenue in the Jun 2026 quarter, −8.5% on the same quarter a year earlier. Over 10 years it has grown 25.5% a year on average. The last full year, FY26, came in at ₹591 Cr. The last four reported quarters add to ₹579 Cr. Why this happened. The US market gain is qualitatively significant because it demonstrates actual customer wins against established Korean and Turkish competition. Management noted US customers were initially cautious after tariff imposition, but acceptance improved as product quality was validated. With 200+ customers globally (top 5 under 20% concentration) and current exports to 50-55 countries with a goal of 80-85, the US is the bellwether geography for quality validation. Each percentage point of US mix improvement flows to higher overall blended realization. FY26 revenue was ₹591 Cr, −4.5% on the year before. Recent pace: the last four quarters grew −7.4% on average, against 25.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −7.8%, against −1.4% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −4.2%, against −13.1% a year (accelerating). ## How much of every ₹100 of sales does Bharat Wire Ropes keep? Bharat Wire Ropes Ltd's operating margin was 20.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 12 years it has been between 8.0% and 26.0%. The latest quarter is within that range. Why this happened. The single most durable structural driver. Management consistently articulated across all 4 concalls (Q1-Q4 FY24) the strategy of increasing value-added product share from the current 10-15% toward 20%+. Value-added products carry at least 30% higher realization versus commodity wire ropes, and some specialty products reach ₹500-600/kg. At ₹40,000 EBITDA per ton (Q1 FY24), this is the primary lever to expand OPM beyond the current 26% ceiling. The FY24 margin expansion of 283 bps was partly driven by this mix shift alongside raw material and power cost reduction. Why the margin moved: operating margin changed −1.7 percentage points on the year while gross margin changed +3.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Bharat Wire Ropes' profit turning into cash? Over the last 3 years, 107% of Bharat Wire Ropes Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹98.0 Cr of operating cash against ₹72.0 Cr of profit. After ₹32.0 Cr of spending on assets, ₹66.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 107% of profit came in as cash: the cash cycle got 12 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building. ## Where does Bharat Wire Ropes' cash go? Bharat Wire Ropes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 188 days in FY26, up from 176 days in FY21. It spent ₹122 Cr on assets over the last 3 years. Customers take 60 days to pay, and stock sits for 140 days on average. At FY26 sales of ₹591 Cr, each day of that cycle ties up about ₹1.6 Cr, so roughly ₹304 Cr is tied up in the business at any time. FY26: customers took 60 days to pay and stock sat for 140 days, about 4.6 months of sales sitting as stock, for a full cycle of 188 days, longer than FY21's 176. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 140 days. Customers pay about 60 days after that. Suppliers are paid at 12 days. Together that makes the 188-day cycle. Spending on assets: ₹122 Cr over the last 3 years, against ₹67.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Bharat Wire Ropes' P/E ratio, and how does it compare with its own history? Bharat Wire Ropes Ltd's P/E is 14.9×, near the low end of its own history: it has been lower only 9% of the time. Its usual P/E (the middle reading) is 20.7×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. The Maharashtra PSI subsidy provided approximately ₹40-50 Cr in annual cash flow support through October 2025. Approximately ₹40 Cr was expected in FY25 (final year). The subsidy was booked as part of revenue, so its expiry has reduced reported revenue and compressed reported PAT margin. The post-expiry OPM test (sustaining above 22% on underlying business alone) is the critical near-term milestone M1. Management explicitly stated EBITDA could sustain at 10%+ without subsidy, this claim is now verifiable. Why the multiple is where it is: over the past year earnings per share moved −0.1% while the price moved −24.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +21.2% a year; about +91.5% a year came from earnings growth and about −70.3 percentage points from the multiple (the market paying less); over 10 years the price moved +11.3% a year; about +42.6% a year came from earnings growth and about −31.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Bharat Wire Ropes business getting better or worse? Bharat Wire Ropes Ltd's business is turning around. Profit growth has swung from −21.1% at its low to −4.2%, rising from a low 4 quarters ago, with ROCE steady at 11.5%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Bharat Wire Ropes story, and has it been checked? Bharat Wire Ropes Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: MID CONTRACTION. From the numbers. Peak was 24.5x (Dec 2023). Current INFLECTION UP yoy trend suggests earnings re-acceleration is beginning. FII stake-building is a positive institutional signal.…

From the price. Price stage 4, week 8, below its 200-day line, relative strength falling. Where they disagree. Peak was 24.5x (Dec 2023). Current INFLECTION UP yoy trend suggests earnings re-acceleration is beginning. FII stake-building is a positive institutional signal. The test written in advance. Subsidy expiry confirmed October 2025, post-expiry OPM test now live. Measured by: Subsidy expiry confirmed October 2025, post-expiry OPM test now live FY26 OPM and PAT margin, first two post-expiry quarters are the acid test by the next result. The test written in advance. Working capital elongation, 140-154 days cash conversion cycle. Measured by: Working capital elongation, 140-154 days cash conversion cycle Cash conversion days in annual results; trade receivables trend by the next result. What the company does. FY24 delivered revenue ₹622 Cr (+6% YoY), EBITDA ₹164 Cr (+18%), PAT ₹96 Cr (+55%), OPM 26.39% (+283 bps), margin-led profit compounding on a stable-volume base. Subsidy runway (₹435 Cr total eligibility) expired October 2025, the post-subsidy OPM test is now live; US market share rising from 8% to 13% and debottlenecking to 80-85% provide the structural offset thesis. Lever 2 · Value-added mix: building. Shifting from commodity wire ropes to elevator ropes, compacted ropes, high-zinc coated ropes (currently 10-15% of mix, goal 20%+), realizations 30%+ higher than standard products, with materially better EBITDA per ton. What proves it keeps working: Value-Added Product Mix Shift. It stops working if Promoter pledge % in quarterly shareholding disclosures. Lever 10 · New geographies: building. US revenue share risen from 8% to 13% despite initial tariff-driven customer caution, product quality acceptance confirmed in the world's most demanding wire rope market. What proves it keeps working: US Market Penetration (8% → 13% revenue share). It stops working if Promoter pledge % in quarterly shareholding disclosures. Lever 7 · Consolidation: building. D/E below 0.2, long-term debt repayment from cash flows (₹60 Cr repaid Sep 2022-Sep 2023), interest costs approximately 3% of turnover, each ₹10 Cr reduction in interest flows directly to PAT. What proves it keeps working: Debt Reduction and Interest Cost Deleveraging. It stops working if Promoter pledge % in quarterly shareholding disclosures. Lever 8 · Demerger or value unlock: building. ₹435 Cr total eligibility subsidy expired October 2025, post-expiry OPM test is now live; management asserted EBITDA sustainable at 10% without subsidy. What proves it keeps working: Industrial Promotion Subsidy (Maharashtra PSI, EXPIRED Oct 2025). It stops working if Promoter pledge % in quarterly shareholding disclosures. Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Bharat Wire Ropes earn on its capital? Bharat Wire Ropes Ltd earned a ROCE of 12% in FY26. That is up from a low of 0% in FY19. Its return on capital used (ROIC) is 4.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 12.2% net margin and 0.60× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.2% net margin × 0.60× asset turnover × 2.31× leverage (assets divided by equity) ≈ 16.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.0% − 12.0% = −4.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Bharat Wire Ropes have too much debt? Bharat Wire Ropes Ltd has total debt of ₹75.0 Cr against shareholder equity of ₹811 Cr as of Jun 2026, so its debt is 0.09× its equity, which is very little. Year by year, that ratio went from 0.60 in FY22 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Bharat Wire Ropes shareholding pattern? Domestic institutions raised their stake in Bharat Wire Ropes Ltd by 16.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 18.9% of the company. Foreign institutions moved −1.0 points over the same period, to 2.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +16.3 points over 8 quarters, to 18.9%; Foreign institutions: −1.0 points over 8 quarters, to 2.2%; Promoters: +0.2 points over 8 quarters, to 41.1%. Why the owners changed: domestic institutions drove it (+16.3 points), with the other side taken by foreign institutions (−1.0 points). They raised their stake step by step. ## How far is Bharat Wire Ropes from balance-sheet trouble? For Bharat Wire Ropes Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Bharat Wire Ropes rank in its industry? 35.5 out of 100, rank 3 of 3 in Steel - Wires, with 86% of the evidence available. Bharat Wire Ropes Ltd scores 35.5 out of 100 against the 3 companies it is compared with in Steel - Wires, ranking 3. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 7.4 + 14.7 + 13.4 + 0 = 35.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Bharat Wire Ropes compared with? Bharat Wire Ropes ranks 3 of 3 Steel - Wires companies on the 4-Factor Sector Score, with 35.5 out of 100. 1. [Usha Martin Ltd](https://www.sectoralpha.in/stocks/usha-martin-ltd) USHAMART · quiet · Most evidence points up · 86% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 8.5% · Profit 26.1% · Operating margin change 4 points · 88% evidence Capital efficiency 20.9/25 · ROCE 19.5% · Operating margin 20% · 100% evidence Valuation 5.0/20 · P/E 24.9× · PEG 3.3 · 50% evidence Relative strength 17.4/20 · Lead over its industry 7.5% · Lead over NIFTY 500 1.5% · 1 year -4.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 25.8 + 20.9 + 5 + 17.4 = 69.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Bansal Wire Industries Ltd](https://www.sectoralpha.in/stocks/bansal-wire-industries-ltd) BANSALWIRE · quiet · Evidence leans up · 90% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 20.3% · Profit 2.6% · Operating margin change 1 points · 100% evidence Capital efficiency 11.8/25 · ROCE 13.8% · Operating margin 8% · 100% evidence Valuation 5.0/20 · P/E 28.2× · PEG 3.91 · 50% evidence Relative strength 17.4/20 · Lead over its industry 5.8% · Lead over NIFTY 500 -0.1% · 1 year -5.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 18.6 + 11.8 + 5 + 17.4 = 52.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Bharat Wire Ropes Ltd this page BHARATWIRE · quiet · Evidence leans down · 86% evidence 35.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.4/35 · Revenue -7.8% · Profit -4.2% · Operating margin change -1 points · 88% evidence Capital efficiency 14.7/25 · ROCE 12.3% · Operating margin 20% · 100% evidence Valuation 13.4/20 · P/E 14.1× · PEG 1.02 · 50% evidence Relative strength 0.0/20 · Lead over its industry -15.2% · Lead over NIFTY 500 -20.1% · 1 year -29.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 7.4 + 14.7 + 13.4 + 0 = 35.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel - Wires](https://www.sectoralpha.in/sectors/steel-wires), all 3 compared on one page. ## Which companies are close to Bharat Wire Ropes in size? Bharat Wire Ropes is the 3rd largest of 3 Steel - Wires companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Usha Martin and Bansal Wire Industries. It is the smallest. ### Steel - Wires companies close in size

1. [Usha Martin Ltd](https://www.sectoralpha.in/stocks/usha-martin-ltd) ₹13,588 crore
2. [Bansal Wire Industries Ltd](https://www.sectoralpha.in/stocks/bansal-wire-industries-ltd) ₹4,493 crore
3. Bharat Wire Ropes Ltd ₹975 crore

[All 3 Steel - Wires companies, largest first](https://www.sectoralpha.in/sectors/steel-wires#all-companies)

### Companies close in size in other industries

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2. [AceVector Ltd](https://www.sectoralpha.in/stocks/acevector-ltd) ₹976 crore
3. Bharat Wire Ropes Ltd ₹975 crore
4. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) ₹974 crore · Auto Ancillaries - Diversified
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## What else do people ask about Bharat Wire Ropes? ### What is Bharat Wire Ropes's share price today? Bharat Wire Ropes Ltd's share price is ₹149.95, −24.0% over the past year. The whole company is worth ₹1,030 Cr on the market. In the last 52 weeks it traded between ₹142 to ₹251; today it is 8% of the way up from the low, 19.1% below its 200-day average (as of 4 November 2026). ### What were Bharat Wire Ropes's latest quarterly results? Bharat Wire Ropes Ltd reported revenue of ₹130 Cr and net profit of ₹12.0 Cr for the Jun 2026 quarter. Revenue fell 8.5% and profit fell 25.0% compared with a year earlier. Earnings per share were ₹1.78. The operating margin was 20.0%, 1.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Bharat Wire Ropes's market cap? Bharat Wire Ropes Ltd's market capitalisation is ₹1,030 Cr at a share price of ₹149.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Bharat Wire Ropes performing? Bharat Wire Ropes Ltd's share price has been falling for 8 weeks. In its latest quarter, revenue fell 8.5% and profit fell 25.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 4 November 2026). ### Will Bharat Wire Ropes's share price go up? This page does not forecast Bharat Wire Ropes Ltd's share price. What it shows instead: the share price is ₹149.95, and it has been falling for 8 weeks. Its P/E of 14.9× is higher than 9% of its own last 10 years (as of 4 November 2026). ### Who owns Bharat Wire Ropes? Promoters own 41.1% of Bharat Wire Ropes Ltd, foreign institutions 2.2%, domestic institutions 18.9% and the public 37.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 16.3 percentage points over 8 quarters (as of 4 November 2026). ### Does Bharat Wire Ropes have too much debt? Yes, Bharat Wire Ropes Ltd has a lot of debt: its debt is 1.07× its equity, and its operating profit is 12 times its interest bill. FY26 borrowings were ₹458 Cr against equity of ₹429 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Bharat Wire Ropes in its business cycle? Bharat Wire Ropes Ltd's FY26 operating margin was 22.0%, against a 12-year range of 8.0% to 26.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Bharat Wire Ropes story? The main question: the P/E is near the low end of its own history, higher than only 9% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Bharat Wire Ropes a stock worth studying right now? What the numbers show: Bharat Wire Ropes Ltd's P/E is near the low end of its own history, higher than only 9% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Bharat Wire Ropes share price forecast for 2026? What is changing at Bharat Wire Ropes, from the latest results and calls: value-added product mix shift, us market penetration (8% → 13% revenue share) and debt reduction and interest cost deleveraging. What would change the story: ₹40-50 Cr annual subsidy (booked as revenue) expired October 2025; post-expiry operating margin is now the live test of management's self-sufficiency claim. ## Lists

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