1. At a Glance
Bombay Wire Ropes Ltd — the ghost of India’s wire rope industry. No sales. No business operations. No future plans. But still proudly trading at 4x Book Value, because, well… why not? EPS: -₹2.45. Promoters: Still here. Operations: Checked out years ago.
2. Introduction with Hook
Ever met that one guy from your school WhatsApp group who’s technically in the group but hasn’t spoken in 10 years? Bombay Wire Ropes is that guy — a public company in name, but with the economic activity of a pet rock.
Founded in 1961, once a manufacturer of wire ropes and specialty steel, today it’s a ₹30 crore market cap curiosity… that hasn’t sold a damn thing in over a decade. But the stock? Up over 100% in 5 years. Yep, welcome to BSE’s version of a zombie thriller.
3. Business Model (WTF Do They Even Do?)
Current Strategy: Exist.
Technically a manufacturer of wire ropes. Realistically, a shell with dreams.
- No manufacturing.
- No revenue.
- No plans.
- But yes — Board Meetings, audited financials, and even the SEBI compliance certificate for share demat. Priorities.
“Basically, they do nothing, but
