Cash flow Bharat Wire Ropes Limited

Stocks

BHARATWIRE

INE316L01019

Iron & Steel

Market Closed - NSE India S.E. 08:23:44 2026-09-25 EDT			5-day change	1st Jan Change
164.97 ^INR	-0.22%		-4.67%	-9.13%

08-07	Bharat Wire Ropes Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
06-18	Bharat Wire Ropes Resumes Operations at Chalisgaon Plant	MT

1890d7.hZjtnk4Mzcp9KbcokJfA0iSXvezeElSQj2dMWHhZpPk.wsCGrj87_P0oHoZZ6aOUnFLRyZ2yRj3l-hYbDBMGlLXH_qvzKEC_i05Z_g

Published financial data: BHARAT WIRE ROPES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	4.11B	5.89B	6.22B	6.19B	5.91B
Other Revenues, Total	-	-	-	-	-
Total Revenues	4.11B	5.89B	6.22B	6.19B	5.91B
Cost of Goods Sold, Total	2.61B	3.31B	3.29B	3.47B	3.08B
Gross Profit	1.5B	2.58B	2.92B	2.73B	2.83B
Selling General & Admin Expenses, Total	346M	448M	607M	671M	777M
Depreciation & Amortization - (IS)	214M	207M	212M	220M	238M
Other Operating Expenses	526M	747M	676M	733M	741M
Other Operating Expenses, Total	1.09B	1.4B	1.5B	1.62B	1.76B
Operating Income	409M	1.18B	1.43B	1.1B	1.07B
Interest Expense, Total	-221M	-196M	-138M	-128M	-84.07M
Interest And Investment Income	3.97M	6.69M	7.55M	7.01M	8.86M
Net Interest Expenses	-217M	-189M	-130M	-121M	-75.21M
Income (Loss) On Equity Invest.	-	-229K	-1.36M	-	-
Currency Exchange Gains (Loss)	197K	-11.21M	-1.04M	3.03M	-11.69M
Other Non Operating Income (Expenses)	-12.99M	-14.95M	-8.98M	-8.77M	-14.68M
EBT, Excl. Unusual Items	179M	966M	1.29B	978M	968M
Gain (Loss) On Sale Of Investments	-	-	-	-	602K
Gain (Loss) On Sale Of Assets	-28K	-	-	675K	731K
Asset Writedown	-	-	-	-	-57K
EBT, Incl. Unusual Items	179M	966M	1.29B	978M	970M
Income Tax Expense	42.62M	344M	325M	254M	245M
Earnings From Continuing Operations	137M	622M	962M	724M	725M
Net Income to Company	137M	622M	962M	724M	725M
Net Income - (IS)	137M	622M	962M	724M	725M
Net Income to Common Incl Extra Items	137M	622M	962M	724M	725M
Net Income to Common Excl. Extra Items	137M	622M	962M	724M	725M
Per Share Items
Net EPS - Basic	2.17	9.68	14.15	10.6	10.57
Basic EPS - Continuing Operations	2.17	9.68	14.15	10.6	10.57
Basic Weighted Average Shares Outstanding	62.86M	64.31M	67.98M	68.37M	68.57M
Net EPS - Diluted	2.17	9.68	14.15	10.6	7.66
Diluted EPS - Continuing Operations	2.17	9.68	14.15	10.6	7.66
Diluted Weighted Average Shares Outstanding	62.86M	64.31M	67.98M	68.37M	94.53M
Normalized Basic EPS	1.78	9.39	11.84	8.94	8.83
Normalized Diluted EPS	1.78	9.39	11.84	8.94	6.4
Payout Ratio	-	-	-	0.05	0.05
Supplemental Items
EBITDA	624M	1.39B	1.64B	1.32B	1.3B
EBITA	409M	1.18B	1.43B	1.1B	1.07B
EBIT	409M	1.18B	1.43B	1.1B	1.07B
EBITDAR	625M	1.39B	1.65B	1.33B	1.34B
Total Revenues (As Reported)	4.11B	5.9B	6.23B	6.2B	5.92B
Effective Tax Rate - (Ratio)	23.78	35.58	25.28	25.95	25.27
Total Current Taxes	-1.66M	5.56M	-	-	58.13M
Total Deferred Taxes	44.28M	338M	325M	254M	187M
Normalized Net Income	112M	604M	805M	611M	605M
Non-Cash Pension Expense	1.67M	1.74M	2.47M	3.26M	10.78M
Supplemental Operating Expense Items
Advertising Expense	237K	2.77M	3.69M	5.15M	-
Marketing Expenses	-	-	-	-	3.55M
Selling and Marketing Expenses	237K	2.77M	3.69M	5.15M	3.55M
Net Rental Expense, Total	1.81M	3.58M	7.7M	7.86M	36.43M
Imputed Operating Lease Interest Expense	1.18M	2.49M	5.41M	6.1M	23.8M
Imputed Operating Lease Depreciation	631K	1.09M	2.29M	1.77M	12.63M
Maintenance & Repair Expenses, Total	10.72M	20.05M	24.1M	20.25M	16.82M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	7.97M
Stock-Based Comp., Other (Total)	-	-	35.9M	17.55M	-
Total Stock-Based Compensation	-	-	35.9M	17.55M	7.97M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	28.73M	381K	562K	758K	535K
Short Term Investments	4.85M	3.52M	3.82M	2.6M	1.99M
Total Cash And Short Term Investments	33.58M	3.9M	4.38M	3.36M	2.52M
Accounts Receivable, Total	399M	477M	792M	867M	973M
Other Receivables	3.26M	2.98M	4.61M	4.34M	5.02M
Total Receivables	402M	480M	796M	871M	978M
Inventory	805M	1.1B	986M	1.23B	1.17B
Prepaid Expenses	5.35M	4.42M	8.53M	22.07M	7.51M
Other Current Assets, Total	909M	1.15B	1.53B	2.02B	2.22B
Total Current Assets	2.15B	2.74B	3.33B	4.15B	4.38B
Gross Property Plant And Equipment	5.9B	6.03B	6.27B	6.89B	-
Accumulated Depreciation	-984M	-1.19B	-1.4B	-1.6B	-
Net Property Plant And Equipment	4.92B	4.84B	4.87B	5.3B	5.38B
Long-term Investments	-	23.85M	22.47M	-	-
Other Intangibles, Total	3.28M	7.24M	7.49M	8.34M	6.94M
Deferred Tax Assets Long-Term	480M	142M	-182M	-	-
Other Long-Term Assets, Total	184M	57.37M	122M	107M	128M
Total Assets	7.74B	7.81B	8.17B	9.56B	9.9B
Liabilities
Accounts Payable, Total	313M	178M	58.85M	166M	101M
Accrued Expenses, Total	76.33M	125M	106M	159M	157M
Short-term Borrowings	552M	281M	142M	397M	202M
Current Portion of Long-Term Debt	71.13M	109M	133M	140M	153M
Current Portion of Leases	-	-	-	-	2.24M
Other Current Liabilities	85.32M	25.22M	1.47M	46.41M	51.68M
Total Current Liabilities	1.1B	719M	441M	908M	667M
Long-Term Debt	2.07B	1.43B	1.05B	774M	388M
Long-Term Leases	-	-	-	-	3.77M
Pension & Other Post Retirement Benefits	21.29M	24.09M	30.43M	35.27M	42.53M
Deferred Tax Liability Non Current	-	-	-	435M	620M
Other Non Current Liabilities	36.27M	40.87M	45.13M	40.13M	68.46M
Total Liabilities	3.22B	2.21B	1.56B	2.19B	1.79B
Preferred Stock Convertible	3.83B	3.83B	3.83B	3.83B	3.83B
Total Preferred Equity	3.83B	3.83B	3.83B	3.83B	3.83B
Common Stock, Total	638M	679M	680M	684M	686M
Additional Paid In Capital	989M	1.4B	1.41B	1.45B	1.47B
Retained Earnings	-950M	-308M	650M	1.36B	2.08B
Comprehensive Income and Other	13.28M	4.8M	40.7M	44.75M	45.63M
Total Common Equity	690M	1.77B	2.78B	3.54B	4.28B
Total Equity	4.52B	5.6B	6.61B	7.37B	8.11B
Total Liabilities And Equity	7.74B	7.81B	8.17B	9.56B	9.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	63.83M	67.9M	68.04M	68.45M	68.58M
ECS Total Common Shares Outstanding	63.83M	67.9M	68.04M	68.45M	68.58M
Book Value / Share	10.82	26.14	40.85	51.71	62.43
Tangible Book Value	687M	1.77B	2.77B	3.53B	4.27B
Tangible Book Value Per Share	10.77	26.03	40.74	51.58	62.33
Total Debt	2.69B	1.82B	1.32B	1.31B	749M
Net Debt	2.65B	1.81B	1.32B	1.31B	746M
Debt Equivalent of Unfunded Proj. Benefit Obligation	30.08M	31.99M	45.14M	52.58M	72.49M
Debt Equivalent Oper. Leases	14.49M	28.66M	61.59M	62.9M	291M
Equity Method Investments, Total	-	-	22.47M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	342M	528M	472M	676M	395M
Inventories - Work In Process, Total	216M	209M	235M	230M	219M
Inventories - Finished Goods, Total	215M	327M	232M	276M	502M
Inventories - Others	31.6M	36.76M	46.79M	50.56M	55.38M
Land - (BS)	326M	326M	326M	326M	-
Buildings, Total	748M	748M	747M	751M	-
Machinery, Total	4.79B	4.89B	5.04B	5.31B	-
Full Time Employees	540	504	605	529	568
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	65K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	137M	622M	962M	724M	725M
Depreciation & Amortization - CF	215M	207M	212M	220M	236M
Depreciation & Amortization, Total	215M	207M	212M	220M	236M
Amortization of Deferred Charges, Total - (CF)	106K	374K	366K	381K	1.4M
(Gain) Loss From Sale Of Asset	28K	-	-	-676K	-731K
Asset Writedown & Restructuring Costs	-	-	-	-	57K
(Income) Loss On Equity Investments - (CF)	-	-234K	-	-	-
Stock-Based Compensation (CF)	-	-	-	17.55M	7.97M
Other Operating Activities, Total	279M	570M	483M	388M	291M
Change In Accounts Receivable	-36.21M	-77.71M	-315M	-75.64M	-106M
Change In Inventories	-157M	-296M	115M	-247M	61.12M
Change In Accounts Payable	203M	-135M	-119M	107M	-64.2M
Change in Other Net Operating Assets	-403M	-58.84M	-486M	-393M	-175M
Cash from Operations	237M	832M	852M	741M	977M
Capital Expenditure	-6.42M	-135M	-250M	-646M	-741M
Sale of Property, Plant, and Equipment	57K	-	90K	2.52M	428M
Sale (Purchase) of Real Estate properties	2.24M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	24.09M	602K
Other Investing Activities, Total	-	-	1K	-	-
Cash from Investing	-4.12M	-135M	-250M	-619M	-313M
Short Term Debt Issued, Total	27.85M	-	-	262M	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	27.85M	-	-	262M	-
Short Term Debt Repaid, Total	-	-233M	-116M	-	-182M
Long-Term Debt Repaid, Total	-78.34M	-638M	-379M	-274M	-386M
Total Debt Repaid	-78.34M	-872M	-495M	-274M	-568M
Issuance of Common Stock	30.66M	443M	10.1M	37.05M	15.28M
Preferred Dividends Paid	-	-	-	-383K	-383K
Common & Preferred Stock Dividends Paid	-	-	-	-383K	-383K
Other Financing Activities, Total	-234M	-214M	-122M	-136M	-110M
Cash from Financing	-254M	-642M	-606M	-111M	-664M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-1K	-
Net Change in Cash	-21.45M	55.24M	-4.11M	10.36M	-223K
Supplemental Items
Cash Interest Paid	-	214M	122M	136M	110M
Cash Income Tax Paid (Refund)	1.66M	3.72M	-	-	56.37M
Levered Free Cash Flow	26.62M	-74.29M	56.71M	-413M	-160M
Unlevered Free Cash Flow	165M	48.1M	143M	-333M	-107M
Change In Net Working Capital	299M	763M	748M	615M	280M
Net Debt Issued / Repaid	-50.49M	-872M	-495M	-11.98M	-568M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	3.36	9.5	11.18	7.7	6.86
Return on Total Capital	3.58	10.1	11.64	8.31	7.63
Return On Equity %	3.08	12.3	15.76	10.37	9.36
Return on Common Equity	22.49	50.49	42.24	22.92	18.53
Margin Analysis
Gross Profit Margin %	36.44	43.85	47.03	44.05	47.85
SG&A Margin	8.43	7.61	9.76	10.84	13.15
EBITDA Margin %	15.18	23.56	26.38	21.37	22.09
EBITA Margin %	9.96	20.06	22.98	17.82	18.12
EBIT Margin %	9.96	20.06	22.98	17.82	18.12
Income From Continuing Operations Margin %	3.33	10.56	15.47	11.7	12.27
Net Income Margin %	3.33	10.56	15.47	11.7	12.27
Net Avail. For Common Margin %	3.33	10.56	15.47	11.7	12.27
Normalized Net Income Margin	2.73	10.25	12.94	9.87	10.25
Levered Free Cash Flow Margin	0.65	-1.26	0.91	-6.66	-2.71
Unlevered Free Cash Flow Margin	4.01	0.82	2.3	-5.37	-1.82
Asset Turnover
Asset Turnover	0.54	0.76	0.78	0.69	0.61
Fixed Assets Turnover	0.82	1.21	1.28	1.22	1.11
Receivables Turnover (Average Receivables)	10.78	13.45	9.81	7.47	6.42
Inventory Turnover (Average Inventory)	3.6	3.47	3.16	3.12	2.56
Short Term Liquidity
Current Ratio	1.96	3.82	7.55	4.57	6.57
Quick Ratio	0.4	0.67	1.82	0.96	1.47
Operating Cash Flow to Current Liabilities	0.22	1.16	1.93	0.82	1.46
Days Sales Outstanding (Average Receivables)	33.85	27.13	37.32	48.88	56.88
Days Outstanding Inventory (Average Inventory)	101.5	105.12	115.92	116.83	142.44
Average Days Payable Outstanding	27.87	24.87	13.65	11.04	16.14
Cash Conversion Cycle (Average Days)	107.48	107.38	139.6	154.67	183.17
Long Term Solvency
Total Debt/Equity	59.52	32.44	20.02	17.79	9.24
Total Debt / Total Capital	37.31	24.49	16.68	15.1	8.46
LT Debt/Equity	45.72	25.47	15.86	10.5	4.84
Long-Term Debt / Total Capital	28.66	19.23	13.21	8.92	4.43
Total Liabilities / Total Assets	41.62	28.29	19.14	22.93	18.09
EBIT / Interest Expense	1.85	6.03	10.37	8.65	12.72
EBITDA / Interest Expense	2.82	7.09	11.9	10.38	15.54
(EBITDA - Capex) / Interest Expense	2.79	6.4	10.09	5.32	6.72
Total Debt / EBITDA	4.31	1.31	0.81	0.99	0.57
Net Debt / EBITDA	4.26	1.31	0.8	0.99	0.57
Total Debt / (EBITDA - Capex)	4.35	1.45	0.95	1.93	1.33
Net Debt / (EBITDA - Capex)	4.3	1.45	0.95	1.93	1.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	64.16	43.44	5.56	-0.41	-4.65
Gross Profit, 1 Yr. Growth %	65.79	72.6	13.22	-6.71	3.58
EBITDA, 1 Yr. Growth %	90.73	122.4	18.14	-19.34	-1.43
EBITA, 1 Yr. Growth %	273.16	188.73	20.95	-22.76	-3.08
EBIT, 1 Yr. Growth %	273.16	188.73	20.95	-22.76	-3.08
Earnings From Cont. Operations, 1 Yr. Growth %	-181.4	355.42	54.58	-24.81	0.09
Net Income, 1 Yr. Growth %	-181.4	355.42	54.58	-24.81	0.09
Normalized Net Income, 1 Yr. Growth %	-179.36	438.78	33.27	-24.15	-0.95
Diluted EPS Before Extra, 1 Yr. Growth %	-158.33	345.15	46.23	-25.23	-5.43
Accounts Receivable, 1 Yr. Growth %	9.98	19.48	66.06	9.55	12.25
Inventory, 1 Yr. Growth %	24.3	36.81	-10.43	25.01	-4.96
Net Property, Plant and Equip., 1 Yr. Growth %	-4.17	-1.55	0.69	8.67	1.61
Total Assets, 1 Yr. Growth %	3.65	0.96	4.59	14.41	3.04
Tangible Book Value, 1 Yr. Growth %	31.63	157.23	56.83	27.29	21.07
Common Equity, 1 Yr. Growth %	31.52	157.06	56.61	27.25	20.98
Cash From Operations, 1 Yr. Growth %	-109.69	251.76	2.42	-13.11	33.75
Capital Expenditures, 1 Yr. Growth %	-52.23	2K	85.66	158.27	14.79
Levered Free Cash Flow, 1 Yr. Growth %	-125.55	-379.09	-176.34	-827.53	-62.82
Unlevered Free Cash Flow, 1 Yr. Growth %	51.33	-70.81	196.98	-333	-69.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	26.24	53.45	23.05	2.54	-2.55
Gross Profit, 2 Yr. CAGR %	26.38	69.16	39.79	2.77	-1.7
EBITDA, 2 Yr. CAGR %	46.64	106.04	62.14	-2.36	-10.84
EBITA, 2 Yr. CAGR %	139.13	228.24	86.88	-3.35	-13.48
EBIT, 2 Yr. CAGR %	139.13	228.24	86.88	-3.35	-13.48
Earnings From Cont. Operations, 2 Yr. CAGR %	-52.65	92.54	165.32	7.89	-13.28
Net Income, 2 Yr. CAGR %	-52.65	92.54	165.32	7.89	-13.28
Normalized Net Income, 2 Yr. CAGR %	-53.24	106.78	167.96	0.59	-13.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-59.96	61.14	155.14	4.64	-26.48
Accounts Receivable, 2 Yr. CAGR %	16.52	14.63	40.85	34.87	10.89
Inventory, 2 Yr. CAGR %	1.79	30.41	10.7	5.81	9
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.49	-2.87	-0.44	4.61	5.08
Total Assets, 2 Yr. CAGR %	1.42	2.29	2.76	10.61	8.86
Tangible Book Value, 2 Yr. CAGR %	33.03	84.01	100.85	41.33	24.14
Common Equity, 2 Yr. CAGR %	32.96	83.87	100.65	41.21	24.07
Cash From Operations, 2 Yr. CAGR %	-60.41	-41.63	89.81	-5.66	7.06
Capital Expenditures, 2 Yr. CAGR %	52.91	216.44	523.88	118.98	72.18
Levered Free Cash Flow, 2 Yr. CAGR %	-70.93	-15.56	45.96	135.66	67.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	-17.37	-33.54	-6.9	163.05	-13.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.5	31.73	35.46	14.68	0.08
Gross Profit, 3 Yr. CAGR %	19.53	40.21	47.97	22.16	3.04
EBITDA, 3 Yr. CAGR %	49.34	68.52	71.2	28.49	-2.05
EBITA, 3 Yr. CAGR %	159.48	154.64	135.32	39.2	-3.26
EBIT, 3 Yr. CAGR %	159.48	154.64	135.32	39.2	-3.26
Earnings From Cont. Operations, 3 Yr. CAGR %	-32.56	0.69	78.95	74.36	5.2
Net Income, 3 Yr. CAGR %	-32.56	0.69	78.95	74.36	5.2
Normalized Net Income, 3 Yr. CAGR %	-37.67	5.62	78.62	76	0.07
Diluted EPS Before Extra, 3 Yr. CAGR %	-39.69	-10.64	56.01	69.55	-7.49
Accounts Receivable, 3 Yr. CAGR %	3.32	17.5	29.7	29.53	26.86
Inventory, 3 Yr. CAGR %	-3.26	12.33	15.06	15.28	2.09
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.29	-3.52	-1.7	2.51	3.6
Total Assets, 3 Yr. CAGR %	0.3	1.26	3.05	7.3	8.21
Tangible Book Value, 3 Yr. CAGR %	-11.57	65.73	74.46	72.56	34.23
Common Equity, 3 Yr. CAGR %	-11.53	65.64	74.29	72.42	34.12
Cash From Operations, 3 Yr. CAGR %	-34.13	-18	-29.59	46.29	5.49
Capital Expenditures, 3 Yr. CAGR %	-64.5	265.97	164.91	364.97	76.56
Levered Free Cash Flow, 3 Yr. CAGR %	-67.09	-38.22	-18.35	149.33	29.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.01	-41.59	9.47	26.4	30.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	44.66	29	20.91	19.17	18.74
Gross Profit, 5 Yr. CAGR %	54.7	36.71	27.26	23.83	25.64
EBITDA, 5 Yr. CAGR %	57.26	50.95	54.36	35.48	31.89
EBITA, 5 Yr. CAGR %	73.04	85.89	127.55	72.84	57.7
EBIT, 5 Yr. CAGR %	73.04	85.89	127.55	72.84	57.7
Earnings From Cont. Operations, 5 Yr. CAGR %	41.14	201.67	16.64	3.51	33.97
Net Income, 5 Yr. CAGR %	41.14	201.67	16.64	3.51	33.97
Normalized Net Income, 5 Yr. CAGR %	183.51	161.88	11.69	3.58	33.78
Diluted EPS Before Extra, 5 Yr. CAGR %	31.98	180.82	7.38	-4.81	15.5
Accounts Receivable, 5 Yr. CAGR %	18.7	15.46	16.96	24.16	21.82
Inventory, 5 Yr. CAGR %	12.98	8.42	2.1	9.68	12.6
Net Property, Plant and Equip., 5 Yr. CAGR %	0.4	-3.13	-2.76	-0.35	0.96
Total Assets, 5 Yr. CAGR %	5.24	1.19	1.27	4.9	5.81
Tangible Book Value, 5 Yr. CAGR %	-13.32	4.34	22.78	55.5	52.28
Common Equity, 5 Yr. CAGR %	-13.27	4.37	22.76	55.4	52.16
Cash From Operations, 5 Yr. CAGR %	6.82	21.17	0.59	-13.27	-16.74
Capital Expenditures, 5 Yr. CAGR %	-70.35	-43.72	11.74	198.01	122.98
Levered Free Cash Flow, 5 Yr. CAGR %	-61.25	-51.53	-40.28	5.54	8.95
Unlevered Free Cash Flow, 5 Yr. CAGR %	-44.15	-55.11	-13.73	6.64	-0.28