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Bombay Wire Ropes
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Bombay Wire Ropes Ltd was incorporated in the year January 18, 1961.
During the year 2013, Company closed down its wire rope factory situated at Kolshet Road, Thane. During the year under review, the plant and machinery as well as the stocks at the wire rope factory have also been disposed off. The Company has also discontinued its activity of manufacturing wooden furniture in the year under review.
The Company, along with its erstwhile developer as a confirming party, had entered into an agreement dated 29th December 2005 with a developer for grant of development rights in the land owned by the Company. The said agreement was thereafter terminated by Company on 2nd November, 2007 on certain grounds and dispute arising thereof was referred to arbitration. The Arbitral Tribunal vide its Award dated 15th June, 2011 had set aside the said termination and directed the Company, as well as confirming party, to execute a conveyance of the property in favour of developer against receipt of balance consideration against the agreement along with interest thereon by the Company as well as the confirming party. Based on expert legal advice, the Company and confirming party had challenged the said award in the Hon'ble High Court of Bombay which had admitted their appeal.During the year under review, the Company and the confirming party have negotiated and settled their disputes with developer and resultant consent terms dated 13th July, 2012 have been approved by the High Court in terms of which the aggregate consideration payable to the Company by the developer has stood enhanced to Rs.28.64 crores from Rs.11 crores.
The Company redeemed 35000 9.50% Non Convertible Cumulative Redeemable Preference Shares during the year 2013, in pursuance of a shareholders resolution dated 31st August, 2012 through a process of Postal Ballot.
During FY2013, the Company transferred 5000 9.50% Non Convertible Cumulative Redeemable Preference Shares to Current Liabilities as there has been no response to the Notice given by Company to the holder of these shares.
The Company sub-divided equity shares of Rs. 10/- into equity shares of Rs. 1/- each through Ballot process and consequential alterations in Memorandum and Articles of Association of the Company during the year 2016.
Bombay Wire Ropes share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Bombay Wire Ropes indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bombay Wire Ropes is valued compared to its competitors.
Bombay Wire Ropes PE ratio helps investors understand what is the market value of each stock compared to Bombay Wire Ropes 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Bombay Wire Ropes evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Bombay Wire Ropes generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Bombay Wire Ropes in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Bombay Wire Ropes shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Bombay Wire Ropes compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Bombay Wire Ropes over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Bombay Wire Ropes helps investors get an insight into when they can enter or exit the stock. Key components of Bombay Wire Ropes Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bombay Wire Ropes shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bombay Wire Ropes ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Bombay Wire Ropes provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Bombay Wire Ropes highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bombay Wire Ropes .
The balance sheet presents a snapshot of Bombay Wire Ropes ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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