Rajratan Global Wire Ltd

Rajratan Global Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rajratan Global Wire Ltd

₹ 773 0.40%
05 Jun 2:42 p.m.
rajratan.co.in BSE: 517522 NSE : RAJRATAN
About

Rajratan Global Wire Ltd was established in 1989, it manufactures bead wire, high-carbon steel wire with specialisation in TBW, which is bronze-coated and used in tyres and drawn steel wire (known as black wire), used in automobile, construction and engineering industries. [1][2]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 3,923 Cr.
  • Current Price ₹ 773
  • High / Low ₹ 1,410 / 539
  • Stock P/E 55.3
  • Book Value ₹ 60.3
  • Dividend Yield 0.26 %
  • ROCE 29.3 %
  • ROE 25.7 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has delivered good profit growth of 55.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
  • Company has been maintaining a healthy dividend payout of 17.0%
  • Debtor days have improved from 77.6 to 62.0 days.
  • Company's working capital requirements have reduced from 63.4 days to 44.2 days

Cons

  • Stock is trading at 12.8 times its book value

* 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67 33 84 103 117 118 141 136 144 166 152 133 161
57 29 66 86 94 94 112 108 117 130 125 107 132
Operating Profit 10 4 18 18 23 24 30 28 27 36 27 26 29
OPM % 15% 12% 22% 17% 19% 20% 21% 20% 19% 22% 18% 19% 18%
0 0 0 0 0 0 0 0 0 1 1 0 0
Interest 2 2 2 2 3 3 3 3 3 3 3 4 3
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 6 1 15 14 18 20 25 23 22 31 22 20 24
Tax % 32% 34% 29% 30% 11% 25% 29% 25% 15% 26% 27% 27% 27%
Net Profit 4 0 10 10 16 15 18 17 19 23 16 15 17
EPS in Rs 0.85 0.09 2.03 1.91 3.24 2.91 3.49 3.39 3.75 4.51 3.14 2.89 3.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
183 197 232 239 207 177 218 315 286 337 540 612
163 176 210 218 182 156 199 281 240 275 431 494
Operating Profit 19 21 22 21 25 20 19 34 46 63 109 118
OPM % 11% 11% 10% 9% 12% 11% 9% 11% 16% 19% 20% 19%
1 1 1 1 1 2 4 2 2 1 1 2
Interest 8 9 9 9 8 7 6 8 9 9 12 14
Depreciation 4 4 4 3 3 3 3 4 5 7 8 10
Profit before tax 9 10 10 10 15 12 13 24 33 47 90 97
Tax % 32% 31% 30% 33% 34% 32% 34% 23% 30% 22% 24% 27%
Net Profit 6 7 7 6 10 8 9 19 23 37 69 71
EPS in Rs 1.17 1.34 1.42 1.25 1.89 1.62 1.73 3.67 4.55 7.28 13.54 13.96
Dividend Payout % 9% 6% 6% 7% 5% 8% 7% 5% 9% 22% 15% 14%
Compounded Sales Growth
10 Years: 12%
5 Years: 23%
3 Years: 29%
TTM: 13%
Compounded Profit Growth
10 Years: 26%
5 Years: 56%
3 Years: 45%
TTM: 3%
Stock Price CAGR
10 Years: 59%
5 Years: 73%
3 Years: 160%
1 Year: 11%
Return on Equity
10 Years: 19%
5 Years: 24%
3 Years: 27%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 4 4 4 4 4 4 4 10 10 10 10
Reserves 60 66 73 78 87 98 107 124 138 175 235 296
62 56 54 66 52 56 47 75 84 83 85 117
22 30 39 39 18 15 22 42 39 45 82 99
Total Liabilities 148 156 170 187 161 173 180 245 271 313 412 522
47 44 43 41 40 49 50 78 116 127 167 185
CWIP 1 0 0 0 3 1 4 19 10 7 17 101
Investments 24 28 34 39 39 39 38 38 38 51 51 51
77 84 93 107 80 84 88 110 107 128 177 186
Total Assets 148 156 170 187 161 173 180 245 271 313 412 522

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 15 17 8 14 19 18 29 33 32 94 106
-5 -5 -8 -7 -5 -7 -5 -48 -34 -28 -66 -114
-10 -7 -14 3 -12 -13 -12 19 1 -2 -30 8
Net Cash Flow 2 4 -5 4 -3 -0 1 1 -0 2 -2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 95 103 100 82 103 88 71 78 94 76 62
Inventory Days 38 30 33 44 42 43 41 43 50 44 39 46
Days Payable 30 51 63 60 19 15 25 43 47 47 74 67
Cash Conversion Cycle 99 74 73 84 105 131 104 71 81 91 41 40
Working Capital Days 94 80 84 83 87 122 94 59 72 89 56 44
ROCE % 14% 15% 15% 13% 16% 13% 11% 18% 19% 23% 34% 29%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
64.53 64.53 64.53 65.00 65.00 65.00 65.00 65.00 65.00 65.01 65.01 65.10
0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.18 0.53 0.62
9.27 9.26 9.95 9.53 9.21 8.70 8.55 8.06 8.04 8.01 8.15 8.03
26.20 26.21 25.52 25.47 25.77 26.29 26.44 26.93 26.96 26.81 26.31 26.23

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls