₹181.99
+1.11% today
· 30d -12.0%
as of 2026-09-04
Price · Daily Candles
“BHARATWIRE's Profit Surge: FIIs Increase Stake While DIIs Pare Down”
BHARATWIRE (₹225.0) reported a strong Q4 FY23 with net profit up 39.45% YoY to ₹26 Cr, despite recent annual revenue declining 4.65%. The stock's current PE of 29.13 is on the higher side compared to some peers, yet FIIs increased their stake by 2.08% QoQ, even as DIIs reduced theirs by 0.55%.
BULL CASE
+Quarterly net profit rose significantly by 39.45% YoY to ₹26 Cr in Q4 FY23.
+Operating profit also saw a notable increase of 18.98% YoY to ₹44 Cr, with OPM expanding by 2.38%.
+FIIs increased their shareholding by 2.08% QoQ to 4.42% in Q4 FY23.
+The stock has delivered a 1-year return of 21.76% and a 3-month return of 20.35%.
BEAR CASE
−Annual revenue for FY26 decreased by 4.65% to ₹591 Cr compared to FY25.
−Promoter shareholding remained unchanged QoQ at 41.27%, while DIIs reduced their stake by 0.55% to 0.32%.
−The stock is trading 14.12% off its 52-week high of ₹262.0.
−ML predictions indicate a weak rank for FCF growth across recent, rolling, and stable periods (e.g., FCF 1y recent 2y rank 0.098).
⟳ What Changed
₹ Latest Earnings · Q ending 2023-12-31
REVENUE
₹157 Cr
+8.95% YoY
NET PROFIT
₹26 Cr
+39.45% YoY
OPM
28.0%
+2.38pp YoY
EPS
₹3.88
PE 29.13
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-50.0%, h2=-50.0%, h3=-50.0% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
BHARATWIRE's PE of 29.13 and no reported dividend yield positions it in the mid-range of its peer group, which sees larger players like JSWSTEEL and TATASTEEL with significantly higher PEs (90.1 and 76.74, respectively) but lower ROCE, while NMDC offers a lower PE (12.21) and a higher ROCE of 31.08%.
PEERPEROCE %
BHARATWIRE29.13—
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
60
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
75
Valuation
REASONABLE
60
Growth
MUTED
45
Profitability
HIGH
90
Technicals
WEAK
37
Risk
MODERATE
50
Key Stats
TTM PE
29.13
P/B
1.97
52W HIGH
₹262.0
OFF HIGH
-30.54%
MKT CAP
₹1240 Cr
◉ Active Signals
MACDBearish-0.3288
RSI(14)Neutral43.09
⧉ Strategy Fit 🔒