Bharat Wire Ropes Limited is a prominent steel wire rope manufacturing company specializing in the production and sale of Wire & Wire Ropes. Established as Bharat Ropes Private Limited in July 1986, the company transitioned to a Public Limited Company in 1992 and was subsequently renamed Bharat Wire Ropes Limited in July 1996.
The company is recognized as one of India's largest manufacturers of Wire, Wire Ropes, Stranded Wires, and Slings. It boasts an increasing global presence, exporting its products to over 50 countries worldwide. Bharat Wire Ropes is an ISO 9001:2008 certified company, with products approved by prestigious organizations such as RDSO, CORE, DGMS, PGCIL, and IRS.
Bharat Wire Ropes offers a comprehensive product portfolio, including wire ropes, slings, strands, and steel wire. Their diverse range of wire rope products caters to various industrial applications:
- Crane ropes for ports
- Large diameter spiral strands for structures and bridges
- Elevator ropes
- High-performance mining ropes
- Long-life-cycle fishing ropes
- Onshore and offshore ropes
- Swaged ropes and special ropes for the construction sector
Additionally, they produce a variety of wire rope slings for hoisting, harnessing, and fastening needs, as well as structural strands for building bridges, roofs, and suspended structures. Their stay wires meet international specifications and are available with different coating options.
The company operates a steel wire ropes manufacturing facility with an installed capacity of 72,000 MTPA at Atgaon. In 2016, a significant expansion project for wire ropes manufacturing, adding 66,000 MTPA capacity, was initiated at Chalisgaon, Jalgaon district, Maharashtra, with an estimated cost of Rs. 507.17 crores. Bharat Wire Ropes also has a Pyrolysis plant for producing oil, which is utilized as fuel in their manufacturing process.
Bharat Wire Ropes has a strong international presence, exporting its products to European countries, the United States, the Middle East, Nepal, New Zealand, Australia, Singapore, South Africa, and Vietnam, among others. The company serves a diverse client base, including Overseas Consumers, Private Players, the Indian Defence Segment, and various Government and Semi-Government Organizations, totaling over 500 large and medium-sized customers.
As of July 4th, 2025, the market capitalization of Bharat Wire Ropes Ltd stands at ₹1,462.36 Crore. The company's 52-week high was ₹300.75 and its 52-week low was ₹122.23. The P/E (price-to-earnings) ratio is 20.19, and the P/B (price-to-book) ratio is 2.21.
- Q4 FY25 Results: Net profit declined by 5.28% to Rs 20.65 crore compared to Rs 21.80 crore in Q4 FY24. Sales, however, increased by 16.76% to Rs 171.83 crore from Rs 147.16 crore in the same period last year.
- FY25 Annual Performance: Net profit saw a decline of 24.81% to Rs 72.44 crore against Rs 96.34 crore in FY24. Sales marginally decreased by 0.41% to Rs 619.32 crore from Rs 621.84 crore in the previous year.
- Q3 FY25 Results: Net profit declined significantly by 43.57% to Rs 14.88 crore compared to Rs 26.37 crore in Q3 FY24. Sales rose by 2.94% to Rs 161.82 crore from Rs 157.20 crore.
Bharat Wire Ropes has entered into a 5-year understanding with Bridon Bekaert Ropes Group Limited, aimed at facilitating the exchange of expertise and knowledge to achieve substantial business growth for both entities. In 2022-23, the company strategically acquired a 26.72% stake in MITCON Solar Alliance Limited (MSAL), making MSAL an Associate of the Company.
Despite facing operational challenges, the company demonstrated resilience in a demanding market, recording a consolidated revenue of INR 622 crore for FY24, marking a 6% year-over-year growth. EBITDA increased by an impressive 18% to INR 164 crore, maintaining a robust EBITDA margin of 26.39% due to effective cost management. With a strategic focus on expanding its portfolio of value-added products and strengthening customer relationships, Bharat Wire Ropes anticipates a volume growth of approximately 10% in the upcoming year.
The promoter holding in Bharat Wire Ropes Ltd increased to 41.35% as of March 2025, up from 40.98% in June 2024. However, it's notable that 50.9% of the promoter's holding is pledged or encumbered. In March 2016, the company successfully raised capital by issuing 1,55,55,555 Equity Shares through a Public Issue, aggregating Rs 70 crore. Bharat Wire Ropes Ltd operates within the Materials sector, specifically the Iron & Steel sub-sector. The company remains committed to enhancing its value-added product offerings and solidifying its standing as a leading wire rope manufacturer in India with a growing international footprint.
