The stock has also surged on very strong volumes with nearly 50 lakh shares changing hands in the first three hours of the trading session, compared to a 20-day average of 68,000 at this time of the day.
Over the last 12 months, the stock has gained 11%. However, over a two-year time frame, the stock has halved in value.
Promoters of the company have marginally increased their stake, from 39.83% in December 2023, to 41.27% in December 2025.
The trigger behind that 20% upper circuit that the stock saw in October 2025 was Lloyds Metals promoters buying Compulsorily Convertible Preference Shares (CCPS) of Bharat Wire Ropes from banks.
Bharat Wire is a potential client for Lloyd Metal when the latter’s wire rod plant comes on stream. At the end of financial year 2025, 73% of its topline came from exports, while 27% came from the domestic market.
For the first nine months of this financial year, Bharat Wire Ropes has reported an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of ₹101 crore, compared to ₹132 crore, ₹164 crore and ₹139 crore it reported in the previous three financial years.
The company has also managed to bring down its overall debt to ₹102 crore at the end of the first half of 2026, compared to ₹182 crore at the end of financial year 2023. Cash conversion days though for exports, is at 154 days at the end of financial year 2025, from 140 days in the previous year.
At the current price, the stock is trading at 10 times enterprise value to EBITDA (EV / EBITDA), and 17 times its one-year forward price-to-earnings.
A completion of its debt restructuring, and debottlenecking of capacities will be some of the important triggers that lie ahead for Bharat Wire Ropes.
Shares of Bharat Wire Ropes are trading 12% higher on Friday at ₹212.23. The stock is up 30% in the last one month.
