BSE: 504648
BOMBAY WIRE ROPES LTD.
Manufactured steel wire ropes until operations were shut down in March 1995 and has had no operating business since. Revenue from operations was reported as nil in both FY26 and Q1 FY27, with the company functioning as a non-operating listed entity. The only material financial event in Q1 FY27 was the sale of its 1,340 sq ft Mumbai office premises at Jolly Bhavan, New Marine Lines, to a related party, The New Great Eastern Spinning and Weaving Company, for Rs. 5.15 crore, generating a one-time gain of Rs. 432.20 lakh. The company leased back 250 sq ft of the same premises at Rs. 75,000 per month for three years (April 2026 to March 2029) so it can continue using the address as its registered office. Recurring other income in Q1 FY27 was Rs. 12.03 lakh against total expenses of Rs. 22.74 lakh. Management has indicated the sale proceeds will be parked in suitable investments, with no stated plan to resume manufacturing. Total assets stood at Rs. 7.8608 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wire rope manufacturing, Other income, Office lease rental (leave and license). Non-operating listed entity; former wire rope manufacturer monetising its remaining assets
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (1) | (1) | (1) |
| margin % | — | — | — | — | — |
| Owners' profit | (2) | (1) | (0) | (1) | (0) |
| EPS, as reported (₹) | (4.24) | (0.61) | (0.58) | (2.45) | (0.14) |
| ROE % · ROCE % | (32.0) · (2.3) | (7.1) · (4.4) | (4.1) · (6.0) | (16.7) · (8.1) | (1.0) · (0.9) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (1) | (1) | (1) |
| Capex | — | (0) | (0) | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| Net profit | (0) | (0) | (0) | (1) | (0) | (0) | 0 | (0) |
| EPS (₹) | (0.25) | (0.22) | (0.25) | (1.73) | (0.04) | (0.02) | 0.03 | (0.11) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 67,533 | 29.2 | 7.18 | 28.8 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 60,250 | 49.0 | 11.38 | 31.4 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 31,861 | 28.4 | 2.58 | 12.9 | 8.6 | 11.4 | 24.1 | 14.9 |
| RATNAMANI MET & TUB LTD. | 16,161 | 37.3 | 3.84 | 18.9 | 12.7 | 15.6 | 14.4 | 18.5 |
| JINDAL SAW LIMITED | 15,396 | 23.5 | 1.25 | 8.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| USHA MARTIN LTD. | 14,152 | 27.9 | 4.29 | 18.6 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,005 | 29.9 | 3.92 | 17.3 | 14.6 | 16.8 | 34.4 | 17.8 |
| GODAWARI POW & ISP LTD | 12,751 | 14.9 | 2.18 | 9.7 | 13.7 | 17.0 | 5.7 | 21.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.8 | 1.5 | 74 of 101 | 27% |
| ROCE | (0.9) | 9.1 | 101 of 115 | 12% |
| ROE | (1.0) | 8.6 | 93 of 103 | 10% |
| Debt / Equity | 0.0 | 0.2 | 1 of 101 | 89% |
| Profit growth | 93.7 | 29.3 | 30 of 105 | 72% |
| Market cap | 22 | 216 | 96 of 122 | 22% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve September quarter unaudited results on November 2 | results | low | — | — |
| 17 Oct 2026 · Routine filing: Q2 FY27 share dematerialisation certificate submitted to BSE | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window for insiders closed from Oct 1 till Nov 4, 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · Scrutinizer Report submitted for Bombay Wire Ropes 65th AGM | board shareholder meetings | low | — | — |
| 18 Aug 2026 · AGM outcome: 4 resolutions pass with full support, 1 with minority dissent | board shareholder meetings | low | — | — |
| 27 Jul 2026 · Bombay Wire Ropes Q1 FY27 results; swings to Rs. 295 lakh profit | compliance | minimal | — | — |
| 24 Jul 2026 · Revised Annual Report FY26 submitted with e-voting corrections | investor communications | medium | — | — |
| 24 Jul 2026 · Q1 FY27 results: Rs. 295L profit driven by office premises sale to related party | results | medium | — | — |
| 24 Jul 2026 · Q1 FY27 results: Office premises sale drives Rs. 295.18 lakh PAT | results | high | — | — |
| 24 Jul 2026 · Notice of 65th AGM published in newspapers; meeting on 14 Aug 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.