Announced Tue, 7 Jul · 11:55 IST
Credit Rating Reaffirmed by CARE Ratings
BHARATWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.8%1-day move
₹218.50
prior close
₹214.31
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.5+0.6+0.6-4.8-1.3-0.7-1.6-5.7-5.5————
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Bharat Wire Ropes rating at BBB+ Stable for long-term bank facilities (Rs 98 cr, reduced from Rs 125.11 cr) and A3+ for short-term (Rs 25 cr) on July 6, 2026. Reflects steady FY26 revenue around Rs 591 cr, healthy margins at 15.5%, and pre-payment of term loans from government subsidy. Risks include weak Middle East demand and a brief June plant shutdown over environmental compliance.
Likely market impact
Rating reaffirmed with lower debt signals financial discipline; near-term risks from geopolitical demand softness and environmental compliance monitoring.