Rajratan Global Wire Ltd

Rajratan Global Wire Ltd

₹ 411 0.86%
30 Apr - close price
About

The Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering. [1]

Key Points

Product Offerings
Tyre Bead wire: Used in all kinds of automobile tyres, tyres of earth-moving equipment, and aircraft. It prevents vibration during driving and is required for the safety, strength, and durability of tyres. [1]
High Carbon steel wire: Used in automobile, construction, and engineering industries. It is also known as a black wire.[2]

  • Market Cap 2,088 Cr.
  • Current Price 411
  • High / Low 663 / 250
  • Stock P/E 45.1
  • Book Value 76.4
  • Dividend Yield 0.49 %
  • ROCE 15.8 %
  • ROE 12.5 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 18.1%

Cons

  • Working capital days have increased from 54.8 days to 76.9 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
144 166 152 133 161 141 138 138 140 141 153 138 160
117 130 125 107 132 117 113 116 113 119 125 120 133
Operating Profit 27 36 27 26 29 24 26 22 26 22 27 18 27
OPM % 19% 22% 18% 19% 18% 17% 19% 16% 19% 16% 18% 13% 17%
0 1 1 0 0 0 0 0 0 0 0 0 1
Interest 3 3 3 4 3 4 4 4 3 4 5 6 7
Depreciation 2 2 2 2 3 2 2 2 2 2 3 4 4
Profit before tax 22 31 22 20 24 18 20 16 21 16 20 9 18
Tax % 15% 26% 27% 27% 27% 26% 26% 26% 25% 26% 26% 26% 27%
19 23 16 15 17 13 15 12 16 12 15 6 13
EPS in Rs 3.75 4.51 3.14 2.89 3.43 2.57 2.91 2.40 3.12 2.37 2.92 1.27 2.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
232 239 207 177 218 315 286 337 540 612 556 592
210 218 182 156 199 281 240 275 431 494 459 497
Operating Profit 22 21 25 20 19 34 46 63 109 118 98 95
OPM % 10% 9% 12% 11% 9% 11% 16% 19% 20% 19% 18% 16%
1 1 1 2 4 2 2 1 1 2 1 2
Interest 9 9 8 7 6 8 9 9 12 14 15 21
Depreciation 4 3 3 3 3 4 5 7 8 10 9 13
Profit before tax 10 10 15 12 13 24 33 47 90 97 75 63
Tax % 30% 33% 34% 32% 34% 23% 30% 22% 24% 27% 25% 26%
7 6 10 8 9 19 23 37 69 71 56 46
EPS in Rs 1.42 1.25 1.89 1.62 1.73 3.67 4.55 7.28 13.54 13.96 11.00 9.12
Dividend Payout % 6% 7% 5% 8% 7% 5% 9% 22% 15% 14% 18% 22%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 3%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 15%
3 Years: -12%
TTM: -17%
Stock Price CAGR
10 Years: 51%
5 Years: 57%
3 Years: -17%
1 Year: -34%
Return on Equity
10 Years: 18%
5 Years: 21%
3 Years: 18%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 4 4 4 4 4 10 10 10 10 10 10
Reserves 73 78 87 98 107 124 138 175 235 296 342 378
54 66 52 56 47 75 84 83 85 117 135 185
39 39 18 15 22 42 39 45 82 99 101 117
Total Liabilities 170 187 161 173 180 245 271 313 412 522 588 690
43 41 40 49 50 78 116 127 167 185 180 330
CWIP 0 0 3 1 4 19 10 7 17 101 188 66
Investments 34 39 39 39 38 38 38 51 51 51 51 51
93 107 80 84 88 110 107 128 177 186 170 243
Total Assets 170 187 161 173 180 245 271 313 412 522 588 690

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
17 8 14 19 18 29 33 32 85 103 85 25
-8 -7 -5 -7 -5 -48 -34 -28 -69 -112 -78 -43
-14 3 -12 -13 -12 19 1 -2 -18 9 -7 18
Net Cash Flow -5 4 -3 -0 1 1 -0 2 -2 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 103 100 82 103 88 71 78 94 76 62 60 78
Inventory Days 33 44 42 43 41 43 50 44 39 46 42 72
Days Payable 63 60 19 15 25 43 47 47 71 67 73 90
Cash Conversion Cycle 73 84 105 131 104 71 81 91 44 40 29 60
Working Capital Days 84 83 87 122 94 59 72 89 56 44 43 77
ROCE % 15% 13% 16% 13% 11% 18% 19% 23% 34% 29% 20% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.00% 65.01% 65.01% 65.10% 65.10% 65.10% 65.10% 65.13% 65.13% 65.13% 65.13% 65.13%
0.00% 0.18% 0.53% 0.62% 0.68% 0.65% 0.73% 0.87% 0.29% 0.27% 0.16% 0.21%
8.04% 8.01% 8.15% 8.03% 8.28% 8.42% 8.69% 7.97% 8.19% 8.25% 8.21% 8.19%
26.96% 26.81% 26.31% 26.23% 25.95% 25.83% 25.48% 26.02% 26.37% 26.34% 26.49% 26.47%
No. of Shareholders 34,76260,37670,06472,33075,94378,08673,91374,02273,22169,57868,77866,292

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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