Bharat Wire Ropes Ltd.
Snapshot View

79.90 +2.55 ▲3.3%

23 July 2021, 04:00:00 P.M.
Volume: 743

Overview View Details

Sector Non - Ferrous Metals Compare with Sector peers
Industry Metal - Non Ferrous Compare with Industry peers
Website http://www.bharatwireropes.com
Financial Indicators
Market Cap 499.65 Cr.
Earnings per share (EPS) -2.68 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 14.67 Trailing Twelve Months Ending 2021-03
Book Value / Share 69.54 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.15 Calculated using Price: 79.85
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 6.26 Cr. 62,573,203 Shares
FaceValue 10
Company Profile

The company was incorporated as Bharat Ropes Private Limited on July 24, 1986, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The company was converted into a public limited company pursuant to approval of the shareholders in an extraordinary general meeting held on May 2, 1992 and consequently, the name of the company was changed to Bharat Ropes Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was granted on June 10, 1992. Thereafter, the name of the company was changed from Bharat Ropes Limited to Bharat Wire Ropes Limited and a fresh certificate of incorporation consequent upon change of name was granted by the Registrar of Companies, Mumbai, on July 5, 1996.

The company was originally promoted by the Shah Group and in the year 2010, one of its current promoters - Gaji Mercantile Private Limited purchased 1,06,75,490 Equity Shares under SPA dated June 30, 2010. The company’s existing steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. The company also has a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in its current manufacturing process.

The company is proposing to further enhance its capacity to manufacture wire ropes, structural strands and slings by setting up a fully integrated manufacturing facility with an installed capacity of 66,000 MTPA at Chalisgaon, Maharashtra. The company is an ISO 9001:2008 certified company by the British Standards Institution (BSI) for the manufacture and supply of steel wire ropes, stainless steel wire ropes, non-ferrous wire ropes, slings, relevant conductors, wire for specialized applications and rope fittings in domestic and international market. Its existing setup in Atgaon is accredited with Bureau of Indian Standards (BIS), ISO 9001:2008 and have obtained BIS Licenses for IS:2266, IS:4521, IS:1856, IS:1855,IS:2581, IS:9282, IS:12776. The company also holds product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products.

Business area of the company

The company is a wire rope and wires manufacturing company. It is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products.

Major events

  • 1986: Incorporation of the company and commencement of Business Activities.
  • 1992: Conversion from a private limited company to a public limited company and consequently the name of the company was changed to Bharat Ropes Limited.
  • 1996: Change of name of the company from Bharat Ropes Limited to Bharat Wire Ropes Limited.
  • 2006: Shifting of the manufacturing facility from Bhandup, Mumbai to Atgaon, Thane.
  • 2010: Change in the Management of the company from the Shah Group to the Mittal family.
  • 2012: Raising of Equity of Rs 3000 lakh from Gaji Mercantile Private Limited and Rs. 1000 lakh from Passionate Investment Management Private Limited.
  • 2015: Sanction of Term Loan facility of Rs 33000 lakh.
  • 2015: Grant of Plot No - 4 admeasuring 2,54,376 square meters located at M.I.D.C. Chalisgaon Industrial Area, Village - Khadki, BK Chalisgaon, District Jalgaon - 424101, Maharashtra by way of Predetermined Lease Agreement dated March 31, 2015.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.30%
1 Week
-1.30%
1 Month
+29.39%
3 Month
+94.88%
6 Month
+151.65%
1 Year
+275.12%
2 Year
+142.86%
5 Year
+87.12%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 4.75 2.21 2.20 0.47 1.28 1.75 0.18 -37.57 -92.55
Return on Capital Employed (%) 8.30 5.81 5.89 4.57 2.61 1.29 4.32 -0.15 1.08
Return on Assets (%) 1.73 1.02 1.04 0.22 0.47 0.48 0.04 -6.03 -8.42

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 66 68 69 71 138 141 143 100 39
Non Curr. Liab. 31 30 27 39 205 379 443 337 237
Curr. Liab. 45 48 46 42 74 79 151 304 430
Minority Int.
Equity & Liab. 143 147 142 152 417 599 736 742 706
Non Curr. Assets 69 74 76 94 285 503 576 572 552
Curr. Assets 74 73 66 58 132 96 160 169 154
Misc. Exp. not W/O
Total Assets 143 147 142 152 417 599 736 742 706

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 77 73 82 77 61 65 165 241 258
Other Income 1 0 3 21 1 1
Total Income 77 74 82 77 61 68 186 242 258
Total Expenditure -69 -66 -74 -67 -53 -59 -148 -222 -229
PBIDT 8 8 8 9 8 9 38 20 30
Interest -4 -4 -3 -4 -4 -3 -25 -73 -90
Depreciation -2 -2 -2 -2 -2 -4 -12 -21 -22
Taxation -1 -1 -1 -1 -1 0 0 30 21
Exceptional Items -2
PAT 2 1 2 0 1 2 0 -45 -61

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 15 16 8 -6 36 17 32 83 151
Cash Fr. Inv. -47 -8 -2 -5 -193 -259 -98 -14 0
Cash Fr. Finan. 41 -12 -13 11 227 172 90 -90 -152
Net Change 9 -4 -7 0 70 -69 23 -21 -1
Cash & Cash Eqvt 13 8 2 2 72 2 26 4 3

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 40.23 40.23 40.23 40.23 40.23 40.23 40.23 37.87 37.87
Public 59.77 59.77 59.77 59.77 59.77 59.77 59.77 62.13 62.13
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 70.22 70.22 70.22 70.22 70.22 70.22 70.22 69.14 69.14

Announcements View Details

Tue, 20 Jul 2021
Disclosure Under Regulation 13(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Statement Of Investors Grievances.
Disclosure under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Statement of Investors Grievances.
Tue, 20 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depository and Participants) Regulations 2018 for the Quarter Ended June 30 2021.
Tue, 20 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Govinda Soni
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
NR 4 NR 4

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