64th Annual Report for the year 2024-25
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Bombay Wire Ropes Limited has filed its 64th Annual Report for the financial year ended 31st March 2025. The company reported zero revenue from operations for the second straight year, with total income of just Rs. 13.74 lakh (vs Rs. 11.85 lakh in FY24) coming entirely from 'Other Income'. Loss before tax widened to Rs. 63.03 lakh from Rs. 46.29 lakh in the previous year. Loss after tax deepened sharply to Rs. 130.66 lakh from Rs. 30.87 lakh, impacted by a negative tax expense of Rs. 67.63 lakh. The company has no active operations, remains debt-free with funds parked in fixed deposits, and the Board is evaluating alternative business opportunities. No dividend has been recommended.
This is a significant red flag for shareholders — the directors explicitly state that the financial statements are NOT prepared on a going concern basis, since the company currently has no operations. The widening losses and lack of any operating revenue mean the stock carries high risk and the company's long-term viability depends entirely on finding a new business line.