CARE Ratings reaffirms BBB+ Stable and A3+ on Bharat Wire Ropes
BHARATWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings has reaffirmed Bharat Wire Ropes credit ratings on 6 July 2026. Long-term bank facilities rated CARE BBB+ with Stable outlook, short-term facilities rated CARE A3+. Long-term facility amount reduced from 125.11 to 98 crore, reflecting debt prepayments. FY26 revenue declined 5 percent to 591 crore due to West Asia conflict. Profit margins held steady at 15.5 percent. A brief Chalisgaon plant shutdown in June 2026 over environmental compliance had no material financial impact. Company expects 15-20 percent revenue growth in coming years with improving capacity utilisation.
Stable ratings and reduced debt show healthy credit profile. Geopolitical and operational risks noted but outlook remains stable. Positive for shareholders.