Rajratan Global Wire Ltd
₹ 418
1.62%
15 May
2:04 p.m.
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
- Market Cap ₹ 2,120 Cr.
- Current Price ₹ 418
- High / Low ₹ 540 / 306
- Stock P/E 47.4
- Book Value ₹ 83.4
- Dividend Yield 0.48 %
- ROCE 13.2 %
- ROE 11.0 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 20.9%
- Company's working capital requirements have reduced from 21.4 days to 15.5 days
Cons
- Company has a low return on equity of 13.3% over last 3 years.
- Debtor days have increased from 77.9 to 95.1 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
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 239 | 207 | 177 | 218 | 315 | 286 | 337 | 540 | 612 | 556 | 592 | 722 | |
| 218 | 182 | 156 | 199 | 281 | 240 | 275 | 431 | 494 | 459 | 497 | 627 | |
| Operating Profit | 21 | 25 | 20 | 19 | 34 | 46 | 63 | 109 | 118 | 98 | 95 | 94 |
| OPM % | 9% | 12% | 11% | 9% | 11% | 16% | 19% | 20% | 19% | 18% | 16% | 13% |
| 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 2 | 1 | 2 | 6 | |
| Interest | 9 | 8 | 7 | 6 | 8 | 9 | 9 | 12 | 14 | 15 | 21 | 24 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 8 | 10 | 9 | 13 | 16 |
| Profit before tax | 10 | 15 | 12 | 13 | 24 | 33 | 47 | 90 | 97 | 75 | 63 | 60 |
| Tax % | 33% | 34% | 32% | 34% | 23% | 30% | 22% | 24% | 27% | 25% | 26% | 25% |
| 6 | 10 | 8 | 9 | 19 | 23 | 37 | 69 | 71 | 56 | 46 | 45 | |
| EPS in Rs | 1.25 | 1.89 | 1.62 | 1.73 | 3.67 | 4.55 | 7.28 | 13.54 | 13.96 | 11.00 | 9.12 | 8.82 |
| Dividend Payout % | 7% | 5% | 8% | 7% | 5% | 9% | 22% | 15% | 14% | 18% | 22% | 23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 6% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 4% |
| 3 Years: | -14% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 15% |
| 3 Years: | -19% |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 78 | 87 | 98 | 107 | 124 | 138 | 175 | 235 | 296 | 342 | 378 | 413 |
| 66 | 52 | 56 | 47 | 75 | 84 | 83 | 85 | 117 | 135 | 185 | 276 | |
| 39 | 18 | 15 | 22 | 42 | 39 | 45 | 82 | 99 | 101 | 117 | 120 | |
| Total Liabilities | 187 | 161 | 173 | 180 | 245 | 271 | 313 | 412 | 522 | 588 | 690 | 820 |
| 41 | 40 | 49 | 50 | 78 | 116 | 127 | 167 | 185 | 180 | 330 | 385 | |
| CWIP | 0 | 3 | 1 | 4 | 19 | 10 | 7 | 17 | 101 | 188 | 66 | 69 |
| Investments | 39 | 39 | 39 | 38 | 38 | 38 | 51 | 51 | 51 | 51 | 51 | 52 |
| 107 | 80 | 84 | 88 | 110 | 107 | 128 | 177 | 186 | 170 | 243 | 313 | |
| Total Assets | 187 | 161 | 173 | 180 | 245 | 271 | 313 | 412 | 522 | 588 | 690 | 820 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 14 | 19 | 18 | 29 | 33 | 32 | 85 | 103 | 87 | 25 | 34 | |
| -7 | -5 | -7 | -5 | -48 | -34 | -28 | -69 | -112 | -79 | -43 | -86 | |
| 3 | -12 | -13 | -12 | 19 | 1 | -2 | -18 | 9 | -7 | 18 | 57 | |
| Net Cash Flow | 4 | -3 | -0 | 1 | 1 | -0 | 2 | -2 | -0 | 0 | 0 | 5 |
| Free Cash Flow | 6 | 10 | 13 | 11 | -19 | -1 | 13 | 19 | -8 | -7 | -20 | -54 |
| CFO/OP | 56% | 76% | 115% | 117% | 104% | 89% | 69% | 97% | 107% | 108% | 39% | 46% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 82 | 103 | 88 | 71 | 78 | 94 | 76 | 62 | 60 | 78 | 95 |
| Inventory Days | 44 | 42 | 43 | 41 | 43 | 50 | 44 | 39 | 46 | 42 | 72 | 50 |
| Days Payable | 60 | 19 | 15 | 25 | 43 | 47 | 47 | 71 | 67 | 73 | 90 | 68 |
| Cash Conversion Cycle | 84 | 105 | 131 | 104 | 71 | 81 | 91 | 44 | 40 | 29 | 60 | 77 |
| Working Capital Days | 17 | 31 | 35 | 29 | 16 | 31 | 89 | 27 | 15 | 17 | 32 | 15 |
| ROCE % | 13% | 16% | 13% | 11% | 18% | 19% | 23% | 34% | 29% | 20% | 16% | 13% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Apr - Transcript of the earning conference call for the quarter and year ended 31st March 2026
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr
- Newspaper Publication Of Financial Results For The Quarter Ended 31St March 2026 24 Apr
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 Apr - Audio Recording of Conference Call held on April 22nd , 2026
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Announcement under Regulation 30 (LODR)-Investor Presentation
21 Apr - Rajratan Global Wire released Q4 FY26 investor presentation; revenue rose 25% to Rs 314.29 crore, PAT up 2%.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Apr 2026TranscriptPPTREC
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Apr 2026TranscriptPPT REC
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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Apr 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024Transcript PPT REC
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Jul 2024TranscriptAI SummaryPPT
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Apr 2024Transcript PPT
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Apr 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptPPTREC
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Jan 2024TranscriptAI SummaryPPT
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Oct 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
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Apr 2023Transcript PPT REC
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022Transcript PPT
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Jul 2022TranscriptAI SummaryPPT
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Apr 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Apr 2021TranscriptAI SummaryPPT
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Jan 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Jul 2018TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
Product Offerings
a) Tyre Bead wire: Bead wire is a drawn steel wire manufactured from high-carbon wire rods and coated with copper or bronze. It is used in all types of automobile tyres, as well as tyres for earth-moving equipment and aircraft. The primary function of bead wire is to secure the tyre to the rim and withstand the pressure exerted by inflation. [1]