₹149.99
-0.04% today
· 30d -10.08%
as of 2026-11-09
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 ₹64.52 · Margin of safety -57.0% (overvalued) · FCF yield 2.3%
◇ 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—
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ML Forward Growth Predictions 🔒
51
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
20
Valuation
REASONABLE
60
Growth
MUTED
45
Profitability
HIGH
90
Technicals
WEAK
40
Risk
MODERATE
50
Key Stats
TTM PE
29.13
P/B
1.97
52W HIGH
₹262.0
OFF HIGH
-42.75%
MKT CAP
₹1022 Cr
◉ Active Signals
MACDNeutral0.709
RSI(14)Neutral43.82
Near 52W LowBearish6.75
⧉ Strategy Fit 🔒