Rajratan Global Wire Ltd
₹ 474
-0.48%
15 Jul
10:02 a.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 ₹ 2,407 Cr.
- Current Price ₹ 474
- High / Low ₹ 540 / 306
- Stock P/E 34.6
- Book Value ₹ 128
- Dividend Yield 0.42 %
- ROCE 13.2 %
- ROE 11.5 %
- Face Value ₹ 2.00
Pros
- Company's working capital requirements have reduced from 16.2 days to 12.1 days
Cons
- Stock is trading at 3.72 times its book value
- Company has a low return on equity of 12.5% 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
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 274 | 283 | 283 | 345 | 493 | 480 | 547 | 893 | 895 | 890 | 935 | 1,156 | |
| 249 | 241 | 242 | 311 | 440 | 412 | 454 | 711 | 733 | 763 | 808 | 1,017 | |
| Operating Profit | 25 | 42 | 41 | 33 | 52 | 68 | 92 | 182 | 162 | 128 | 127 | 140 |
| OPM % | 9% | 15% | 14% | 10% | 11% | 14% | 17% | 20% | 18% | 14% | 14% | 12% |
| 1 | 1 | 2 | 7 | 2 | 1 | 2 | 2 | 3 | 3 | 2 | 6 | |
| Interest | 14 | 15 | 11 | 9 | 11 | 13 | 13 | 15 | 17 | 20 | 28 | 28 |
| Depreciation | 7 | 7 | 7 | 8 | 9 | 12 | 14 | 16 | 18 | 18 | 23 | 28 |
| Profit before tax | 5 | 21 | 25 | 23 | 34 | 44 | 66 | 153 | 130 | 94 | 77 | 89 |
| Tax % | 65% | 23% | 26% | 27% | 22% | 24% | 20% | 19% | 23% | 23% | 24% | 21% |
| 2 | 16 | 19 | 17 | 27 | 33 | 53 | 124 | 100 | 72 | 59 | 70 | |
| EPS in Rs | 0.36 | 3.24 | 3.71 | 3.36 | 5.25 | 6.51 | 10.46 | 24.49 | 19.72 | 14.15 | 11.58 | 13.81 |
| Dividend Payout % | 24% | 3% | 3% | 4% | 3% | 6% | 15% | 8% | 10% | 14% | 17% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 16% |
| 3 Years: | 9% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 6% |
| 3 Years: | -12% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 6% |
| 3 Years: | -17% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 19% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 47 | 63 | 92 | 111 | 138 | 163 | 216 | 331 | 429 | 482 | 549 | 640 |
| 122 | 99 | 94 | 97 | 137 | 146 | 142 | 137 | 171 | 191 | 237 | 324 | |
| 47 | 39 | 41 | 47 | 53 | 59 | 70 | 139 | 128 | 143 | 163 | 185 | |
| Total Liabilities | 221 | 204 | 232 | 259 | 333 | 378 | 439 | 617 | 739 | 826 | 960 | 1,159 |
| 103 | 100 | 115 | 129 | 168 | 229 | 242 | 281 | 325 | 364 | 532 | 619 | |
| CWIP | 1 | 6 | 2 | 6 | 32 | 10 | 9 | 30 | 140 | 191 | 72 | 88 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 117 | 99 | 114 | 124 | 132 | 139 | 188 | 306 | 274 | 271 | 355 | 450 | |
| Total Assets | 221 | 204 | 232 | 259 | 333 | 378 | 439 | 617 | 739 | 826 | 960 | 1,159 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 34 | 32 | 39 | 48 | 51 | 39 | 122 | 159 | 107 | 57 | 75 | |
| -4 | -8 | -15 | -18 | -71 | -45 | -27 | -96 | -167 | -97 | -57 | -113 | |
| -12 | -28 | -17 | -18 | 22 | -6 | -10 | -28 | 10 | -10 | 8 | 50 | |
| Net Cash Flow | 4 | -3 | -0 | 3 | -2 | -0 | 3 | -2 | 2 | 0 | 8 | 11 |
| Free Cash Flow | 16 | 25 | 17 | 18 | -24 | 6 | 12 | 35 | -6 | -13 | -1 | -30 |
| CFO/OP | 96% | 91% | 87% | 129% | 102% | 87% | 56% | 81% | 117% | 102% | 55% | 62% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 81 | 75 | 85 | 76 | 53 | 64 | 78 | 74 | 56 | 63 | 71 | 81 |
| Inventory Days | 79 | 66 | 75 | 59 | 50 | 51 | 55 | 56 | 57 | 45 | 68 | 54 |
| Days Payable | 68 | 59 | 70 | 61 | 40 | 50 | 53 | 77 | 63 | 68 | 81 | 72 |
| Cash Conversion Cycle | 92 | 82 | 89 | 74 | 63 | 65 | 80 | 52 | 50 | 40 | 59 | 62 |
| Working Capital Days | -36 | -27 | -16 | -18 | -14 | -4 | 22 | 26 | 15 | 15 | 22 | 12 |
| ROCE % | 11% | 21% | 20% | 15% | 18% | 19% | 23% | 40% | 27% | 18% | 14% | 13% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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Documents
Announcements
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Intimation Of Receipt Of Subsidy/Investment Promotion Assistance By MP Industrial Development Corporation Limited
11h - Rajratan Global Wire received Rs 3.27 crore, last tranche of Rs 22.92 crore IPA subsidy.
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Intimation Under Regulation 30 Regulation Of The SEBI (LODR) Regulations 2015 - Letter To Shareholders
4 Jul - 38th AGM scheduled for 24 July 2026 via VC/OAVM; annual report FY2025-26 shared with shareholders.
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Copy Of Newspaper Advertisement
4 Jul - Newspaper ad published for 38th AGM and e-voting information on 3 July 2026.
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Information Under Section 44 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 Regarding Voting Through Electronic Mode.
3 Jul - 38th AGM on 24 July 2026; e-voting from 20-23 July, five resolutions.
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Intimation Of Record Date
3 Jul - Record date set for 17 July 2026 for AGM and dividend.
Annual reports
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Financial Year 2026
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Financial Year 2016
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Financial Year 2013
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Financial Year 2012
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Concalls
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Apr 2026TranscriptPPTREC
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Oct 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2021TranscriptAI SummaryPPT
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Oct 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 [1]
a) Tyre Bead Wire:
The company manufactures high-performance tyre bead wire using high-carbon steel. The wire undergoes precision drawing followed by a specialised bronze coating process. It offers a range of customised tensile grades tailored to specific customer requirements and also produces bead wire using recycled steel.