Is Bharat Wire Ropes the Best Stock in Its Sector? A Look at the Numbers
- September 24, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Bharat Wire Ropes CMP Rs 168 (24 Sep 2026). Market cap Rs 1,173 Cr. ROE 8.94%. P/E 16.98x versus Industry P/E 22.45x.
Quick Answer
Bharat Wire Ropes is one of the names investors compare when screening the Iron & Steel sector, built on a 8.94% return on equity and a P/E of 16.98x against an Industry P/E of 22.45x. Whether Bharat Wire Ropes is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Iron & Steel sector peers, so you can judge that for yourself.
Is Bharat Wire Ropes the best stock in its sector? The stock trades on the NSE at Rs 168 as of 24 September 2026, within its 52-week range of Rs 148.01 to Rs 262.00. Bharat Wire Ropes Ltd manufactures steel wire ropes for mining, construction, ports and material handling applications.
Bharat Wire Ropes sits in the Iron & Steel sector, and its 8.94% ROE and 16.98x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Bharat Wire Ropes
Bharat Wire Ropes Ltd manufactures steel wire ropes for mining, construction, ports and material handling applications. It manufactures steel wire ropes used in mining, construction, ports and material handling applications, a specialised niche within the broader steel wire products space. At a market capitalisation of Rs 1,173 Cr, it is tracked as part of the Iron & Steel sector on Univest.
Is Bharat Wire Ropes the Best Stock in Its Sector?
Bharat Wire Ropes makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 8.94% ROE with a 16.98x P/E against the sector’s 22.45x Industry P/E. Bharat Wire Ropes’ 16.98x P/E is below the 22.45x Industry P/E, with an 8.94% ROE that compares reasonably against Bansal Wire Industries and Bedmutha Industries in this series.
| Metric | Bharat Wire Ropes |
|---|---|
| CMP (NSE) | Rs 167.50 |
| 52-Week High / Low | Rs 262.00 / Rs 148.01 |
| Market Cap | Rs 1,173 Cr |
| P/E (TTM) vs Industry P/E | 16.98x vs 22.45x |
| P/B | 2.74 |
| ROE | 8.94% |
| EPS (TTM) | Rs 10.04 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.09 |
Compare Bharat Wire Ropes Against Other Iron & Steel Sector Stocks
How Bharat Wire Ropes Compares Against Its Iron & Steel Sector Peers
The table below sets Bharat Wire Ropes against 2 other Iron & Steel sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Bharat Wire Ropes | 1,173 | 16.98 | 8.94% | 0.09 |
| Bansal Wire Industries | 4,935 | 34.71 | 11.25% | 0.39 |
| Usha Martin | 14,628 | 28.83 | 14.11% | 0.07 |
| Peer average (2 companies) | – | 31.77 | 12.68% | 0.23 |
Against this peer set, Bharat Wire Ropes’s 8.94% ROE is below the 12.68% peer average, and its P/E of 16.98x runs below the peer average of 31.77x. Bharat Wire Ropes’ 16.98x P/E is below the 22.45x Industry P/E, with an 8.94% ROE that compares reasonably against Bansal Wire Industries and Bedmutha Industries in this series.
What Makes Bharat Wire Ropes Worth Watching in Iron & Steel
- Below Industry P/E: A 16.98x P/E against a 22.45x Industry P/E makes it one of the more reasonably priced wire products names covered in this series.
- Low leverage: A debt to equity ratio of 0.09 is low for a capital-intensive wire ropes manufacturer.
- Wire rope manufacturing niche: Manufacturing specialised steel wire ropes for mining, construction and material handling differentiates Bharat Wire Ropes from bulk steel producers.
Bharat Wire Ropes Valuation: Is It Justified?
Bharat Wire Ropes’ 16.98x P/E is below the 22.45x Industry P/E, with an 8.94% ROE that compares reasonably against Bansal Wire Industries and Bedmutha Industries in this series. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Bharat Wire Ropes and other Iron & Steel sector stocks.
How to Track Bharat Wire Ropes Before You Invest
Before deciding whether Bharat Wire Ropes deserves its label as the best stock in its sector for your own portfolio, compare it directly against Iron & Steel sector peers using the steps below.
- Open the Univest Screener and search for Bharat Wire Ropes to view live price, valuation ratios, and peer comparisons within the Iron & Steel sector.
- Compare its P/E, P/B, and ROE against other Iron & Steel sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Bharat Wire Ropes earns a place in the best stock in its sector conversation on the strength of a 8.94% ROE and a P/E of 16.98x against a 22.45x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Bharat Wire Ropes the best stock in its sector?
Ans. Bharat Wire Ropes has a 8.94% ROE and trades at 16.98x P/E against a 22.45x Industry P/E, and compares below the peer average ROE of 12.68% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Bharat Wire Ropes?
Ans. Bharat Wire Ropes was trading at Rs 167.50 on the NSE as of 24 September 2026, within its 52-week range of Rs 148.01 to Rs 262.00.
What sector does Bharat Wire Ropes belong to?
Ans. Bharat Wire Ropes is classified under the Iron & Steel sector on Univest.
How does Bharat Wire Ropes compare to its sector peers on P/E?
Ans. Bharat Wire Ropes’s P/E of 16.98x is below the 31.77x average of the 2 named peers compared in this article.
What is Bharat Wire Ropes’s return on equity?
Ans. Bharat Wire Ropes reported a return on equity of 8.94%, which is below the 12.68% average of its named peers in this comparison.
Should I invest in Bharat Wire Ropes based on its sector position?
Ans. Bharat Wire Ropes’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
