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 2,090 Cr.
  • Current Price 411
  • High / Low 663 / 250
  • Stock P/E 35.5
  • Book Value 110
  • Dividend Yield 0.49 %
  • ROCE 14.3 %
  • ROE 11.2 %
  • Face Value 2.00

Pros

Cons

  • Dividend payout has been low at 8.09% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
248 251 225 200 219 204 214 233 240 220 245 218 251
200 199 187 162 186 179 180 198 205 191 207 192 218
Operating Profit 48 53 38 38 34 25 34 34 34 30 38 26 33
OPM % 19% 21% 17% 19% 15% 12% 16% 15% 14% 13% 15% 12% 13%
1 1 2 -1 1 1 1 -0 1 1 0 0 1
Interest 4 4 4 4 4 5 5 5 4 5 8 8 7
Depreciation 4 4 4 5 5 4 4 5 5 5 6 6 6
Profit before tax 40 46 31 28 26 17 26 24 26 20 25 12 20
Tax % 8% 24% 25% 21% 21% 27% 25% 20% 23% 25% 23% 25% 24%
37 35 23 22 20 12 19 20 20 15 19 9 15
EPS in Rs 7.29 6.80 4.59 4.33 3.99 2.45 3.84 3.88 3.99 3.00 3.75 1.83 2.99
Raw PDF

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
283 274 283 283 345 493 480 547 893 895 890 935
259 249 241 242 311 440 412 454 711 733 763 808
Operating Profit 23 25 42 41 33 52 68 92 182 162 128 127
OPM % 8% 9% 15% 14% 10% 11% 14% 17% 20% 18% 14% 14%
1 1 1 2 7 2 1 2 2 3 3 2
Interest 15 14 15 11 9 11 13 13 15 17 20 28
Depreciation 8 7 7 7 8 9 12 14 16 18 18 23
Profit before tax 1 5 21 25 23 34 44 66 153 130 94 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
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
Dividend Payout % -20% 24% 3% 3% 4% 3% 6% 15% 8% 10% 14% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 14%
3 Years: 2%
TTM: 5%
Compounded Profit Growth
10 Years: 43%
5 Years: 12%
3 Years: -22%
TTM: -18%
Stock Price CAGR
10 Years: 51%
5 Years: 57%
3 Years: -19%
1 Year: -34%
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
Equity Capital 4 4 4 4 4 4 10 10 10 10 10 10
Reserves 46 47 63 92 111 138 163 216 331 429 482 549
113 122 99 94 97 137 146 142 137 171 191 237
55 47 39 41 47 53 59 70 139 128 143 163
Total Liabilities 219 221 204 232 259 333 378 439 617 739 826 960
105 103 100 115 129 168 229 242 281 325 364 532
CWIP 0 1 6 2 6 32 10 9 30 140 191 72
Investments 0 0 0 0 0 0 0 0 0 0 0 0
113 117 99 114 124 132 139 188 306 274 271 355
Total Assets 219 221 204 232 259 333 378 439 617 739 826 960

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 -7

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 63 72 63 88 74 52 59 77 60 50 50 70
ROCE % 10% 11% 21% 20% 15% 18% 19% 23% 40% 27% 18% 14%

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

Concalls