Rajratan Global Wire Ltd

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

Rajratan Global Wire Ltd

₹ 745 0.65%
05 Dec 10:42 a.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 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]

Website BSE NSE
  • Market Cap ₹ 3,783 Cr.
  • Current Price ₹ 745
  • High / Low ₹ 943 / 697
  • Stock P/E 51.0
  • Book Value ₹ 89.0
  • Dividend Yield 0.27 %
  • ROCE 27.0 %
  • ROE 25.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 44.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
  • Company's working capital requirements have reduced from 62.2 days to 49.6 days

Cons

  • Stock is trading at 8.32 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
139 159 184 182 241 222 248 251 225 200 219 204 214
113 133 151 146 190 174 200 199 187 162 186 179 180
Operating Profit 26 26 32 36 51 47 48 53 38 38 34 25 34
OPM % 19% 16% 18% 20% 21% 21% 19% 21% 17% 19% 15% 12% 16%
-0 1 1 0 1 1 1 1 2 -1 1 1 1
Interest 3 3 4 4 4 4 4 4 4 4 4 5 5
Depreciation 3 4 4 4 4 4 4 4 4 5 5 4 4
Profit before tax 19 20 26 29 44 40 40 46 31 28 26 17 26
Tax % 28% 26% 9% 24% 25% 18% 8% 24% 25% 21% 21% 27% 25%
14 15 23 22 33 33 37 35 23 22 20 12 19
EPS in Rs 2.67 2.90 4.57 4.31 6.42 6.45 7.29 6.80 4.59 4.33 3.99 2.45 3.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
252 252 283 274 283 283 345 493 480 547 893 895 838
228 232 259 249 241 242 311 440 412 454 711 733 707
Operating Profit 23 20 23 25 42 41 33 52 68 92 182 162 131
OPM % 9% 8% 8% 9% 15% 14% 10% 11% 14% 17% 20% 18% 16%
1 2 1 1 1 2 7 2 1 2 2 3 2
Interest 12 14 15 14 15 11 9 11 13 13 15 17 19
Depreciation 6 7 8 7 7 7 8 9 12 14 16 18 18
Profit before tax 6 1 1 5 21 25 23 34 44 66 153 130 96
Tax % 46% 344% 259% 65% 23% 26% 27% 22% 24% 20% 19% 23%
3 -2 -2 2 16 19 17 27 33 53 124 100 74
EPS in Rs 0.65 -0.44 -0.42 0.36 3.24 3.71 3.36 5.25 6.51 10.46 24.49 19.72 14.61
Dividend Payout % 16% -19% -20% 24% 3% 3% 4% 3% 6% 15% 8% 10%
Compounded Sales Growth
10 Years: 14%
5 Years: 21%
3 Years: 23%
TTM: -11%
Compounded Profit Growth
10 Years: 47%
5 Years: 45%
3 Years: 45%
TTM: -42%
Stock Price CAGR
10 Years: 50%
5 Years: 64%
3 Years: 106%
1 Year: -20%
Return on Equity
10 Years: 26%
5 Years: 29%
3 Years: 32%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 10 10 10 10 10
Reserves 51 49 46 47 63 92 111 138 163 216 331 429 442
121 118 113 122 99 94 97 137 146 142 137 171 224
29 44 55 47 39 41 47 53 59 70 139 128 133
Total Liabilities 205 215 219 221 204 232 259 333 378 439 617 739 809
103 109 105 103 100 115 129 168 229 242 281 325 354
CWIP 4 1 0 1 6 2 6 32 10 9 30 140 159
Investments 0 4 0 0 0 0 0 0 0 0 0 0 0
98 101 113 117 99 114 124 132 139 188 306 274 295
Total Assets 205 215 219 221 204 232 259 333 378 439 617 739 809

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 25 21 20 34 32 39 48 51 39 122 162
-9 -7 1 -4 -8 -15 -18 -71 -45 -27 -96 -169
-21 -14 -28 -12 -28 -17 -18 22 -6 -10 -28 10
Net Cash Flow 2 4 -6 4 -3 -0 3 -2 -0 3 -2 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 80 75 85 81 75 85 76 53 64 78 74 56
Inventory Days 51 56 57 79 66 75 59 50 51 55 56 57
Days Payable 35 50 82 68 59 70 61 40 50 53 77 63
Cash Conversion Cycle 95 81 60 92 82 89 74 63 65 80 52 50
Working Capital Days 75 64 63 72 63 88 74 52 59 77 60 50
ROCE % 11% 8% 10% 11% 21% 20% 15% 18% 19% 23% 40% 27%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
64.53% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.01% 65.01% 65.10% 65.10% 65.10%
0.00% 0.00% 0.02% 0.00% 0.01% 0.00% 0.00% 0.18% 0.53% 0.62% 0.68% 0.65%
9.95% 9.53% 9.21% 8.70% 8.55% 8.06% 8.04% 8.01% 8.15% 8.03% 8.28% 8.42%
25.52% 25.47% 25.77% 26.29% 26.44% 26.93% 26.96% 26.81% 26.31% 26.23% 25.95% 25.83%
No. of Shareholders 4,4486,1478,33416,45817,97926,71034,76260,37670,06472,33075,94378,086

* 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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