Rajratan Global Wire Ltd
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]
- Market Cap ₹ 2,253 Cr.
- Current Price ₹ 445
- High / Low ₹ 510 / 250
- Stock P/E 38.5
- Book Value ₹ 119
- Dividend Yield 0.45 %
- ROCE 14.2 %
- ROE 11.1 %
- Face Value ₹ 2.00
Pros
Cons
- Dividend payout has been low at 13.8% of profits over last 3 years
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 283 | 274 | 283 | 283 | 345 | 493 | 480 | 547 | 893 | 895 | 890 | 935 | 1,010 | |
| 259 | 249 | 241 | 242 | 311 | 440 | 412 | 454 | 711 | 733 | 763 | 808 | 880 | |
| Operating Profit | 23 | 25 | 42 | 41 | 33 | 52 | 68 | 92 | 182 | 162 | 128 | 127 | 131 |
| OPM % | 8% | 9% | 15% | 14% | 10% | 11% | 14% | 17% | 20% | 18% | 14% | 14% | 13% |
| 1 | 1 | 1 | 2 | 7 | 2 | 1 | 2 | 2 | 3 | 3 | 2 | 3 | |
| Interest | 15 | 14 | 15 | 11 | 9 | 11 | 13 | 13 | 15 | 17 | 20 | 28 | 30 |
| Depreciation | 8 | 7 | 7 | 7 | 8 | 9 | 12 | 14 | 16 | 18 | 18 | 23 | 26 |
| Profit before tax | 1 | 5 | 21 | 25 | 23 | 34 | 44 | 66 | 153 | 130 | 94 | 77 | 77 |
| Tax % | 259% | 65% | 23% | 26% | 27% | 22% | 24% | 20% | 19% | 23% | 23% | 24% | |
| -2 | 2 | 16 | 19 | 17 | 27 | 33 | 53 | 124 | 100 | 72 | 59 | 59 | |
| EPS in Rs | -0.42 | 0.36 | 3.24 | 3.71 | 3.36 | 5.25 | 6.51 | 10.46 | 24.49 | 19.72 | 14.15 | 11.58 | 11.53 |
| Dividend Payout % | -20% | 24% | 3% | 3% | 4% | 3% | 6% | 15% | 8% | 10% | 14% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 2% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 12% |
| 3 Years: | -22% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 40% |
| 3 Years: | -21% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 22% |
| 3 Years: | 17% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 46 | 47 | 63 | 92 | 111 | 138 | 163 | 216 | 331 | 429 | 482 | 549 | 593 |
| 113 | 122 | 99 | 94 | 97 | 137 | 146 | 142 | 137 | 171 | 191 | 237 | 373 | |
| 55 | 47 | 39 | 41 | 47 | 53 | 59 | 70 | 139 | 128 | 143 | 163 | 132 | |
| Total Liabilities | 219 | 221 | 204 | 232 | 259 | 333 | 378 | 439 | 617 | 739 | 826 | 960 | 1,107 |
| 105 | 103 | 100 | 115 | 129 | 168 | 229 | 242 | 281 | 325 | 364 | 532 | 600 | |
| CWIP | 0 | 1 | 6 | 2 | 6 | 32 | 10 | 9 | 30 | 140 | 191 | 72 | 55 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 113 | 117 | 99 | 114 | 124 | 132 | 139 | 188 | 306 | 274 | 271 | 355 | 453 | |
| Total Assets | 219 | 221 | 204 | 232 | 259 | 333 | 378 | 439 | 617 | 739 | 826 | 960 | 1,107 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 20 | 34 | 32 | 39 | 48 | 51 | 39 | 122 | 159 | 106 | 57 | |
| 1 | -4 | -8 | -15 | -18 | -71 | -45 | -27 | -96 | -167 | -96 | -57 | |
| -28 | -12 | -28 | -17 | -18 | 22 | -6 | -10 | -28 | 10 | -10 | 8 | |
| Net Cash Flow | -6 | 4 | -3 | -0 | 3 | -2 | -0 | 3 | -2 | 2 | 0 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 85 | 81 | 75 | 85 | 76 | 53 | 64 | 78 | 74 | 56 | 63 | 71 |
| Inventory Days | 57 | 79 | 66 | 75 | 59 | 50 | 51 | 55 | 56 | 57 | 45 | 68 |
| Days Payable | 82 | 68 | 59 | 70 | 61 | 40 | 50 | 53 | 77 | 63 | 68 | 81 |
| Cash Conversion Cycle | 60 | 92 | 82 | 89 | 74 | 63 | 65 | 80 | 52 | 50 | 40 | 59 |
| Working Capital Days | -38 | -36 | -27 | -16 | -18 | -14 | -4 | 22 | 26 | 15 | 15 | 22 |
| ROCE % | 10% | 11% | 21% | 20% | 15% | 18% | 19% | 23% | 40% | 27% | 18% | 14% |
Documents
Announcements
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Re-Lodgement Of Transfer Request Of Physical Shares - Monthly Update
9 Dec - Monthly re-lodgement report: zero transfer requests received/processed for period ended 30 Nov 2025
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Dec
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Dec - Newspaper publication of Notice of Postal Ballot and Remote Evoting
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Dec - Newspaper publication of Notice of Postal Ballot and Remote Evoting
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 3 Dec
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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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]