Rajratan Global Wire Ltd

About [ edit ]

Rajratan Global Wire is engaged in the Business of Manufacture of Steel Wires.

Key Points [ edit ]
  • Market Cap 1,060 Cr.
  • Current Price 1,044
  • High / Low 1,100 / 166
  • Stock P/E 20.0
  • Book Value 223
  • Dividend Yield 0.19 %
  • ROCE 23.6 %
  • ROE 26.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 26.39% CAGR over last 5 years

Cons

  • Debtor days have increased from 64.89 to 77.87 days.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
123 120 121 129 130 120 105 125 65 139 159 184
107 109 110 114 112 102 90 109 57 113 133 151
Operating Profit 16 11 11 15 18 19 15 16 8 26 26 32
OPM % 13% 9% 9% 11% 14% 15% 14% 13% 12% 19% 16% 18%
Other Income 0 0 0 1 1 1 1 -1 1 -0 1 1
Interest 3 1 4 3 3 4 3 3 3 3 3 4
Depreciation 2 2 2 3 3 3 3 3 3 3 4 4
Profit before tax 11 8 5 10 13 12 9 9 2 19 20 26
Tax % 20% 25% 13% 24% 26% 22% 20% 30% 18% 28% 26% 9%
Net Profit 8 6 5 8 10 10 7 6 2 14 15 23
EPS in Rs 8.26 5.76 4.44 7.72 9.66 9.53 7.34 5.98 1.62 13.33 14.51 22.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
184 220 252 252 283 274 283 283 345 493 480 547
160 196 228 232 259 249 241 242 311 440 412 454
Operating Profit 24 24 23 20 23 25 42 41 33 52 68 92
OPM % 13% 11% 9% 8% 8% 9% 15% 14% 10% 11% 14% 17%
Other Income 1 2 1 2 1 1 1 2 7 2 1 2
Interest 7 9 12 14 15 14 15 11 9 11 13 13
Depreciation 6 6 6 7 8 7 7 7 8 9 12 14
Profit before tax 11 11 6 1 1 5 21 25 23 34 44 66
Tax % 43% 38% 46% 344% 259% 65% 23% 26% 27% 22% 24% 20%
Net Profit 6 7 3 -2 -2 2 16 19 17 27 33 53
EPS in Rs 6.34 6.70 3.23 -2.22 -2.11 1.77 16.15 18.53 16.75 26.19 32.54 52.32
Dividend Payout % 10% 10% 16% -19% -20% 24% 3% 3% 4% 3% 6% 15%
Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:17%
TTM:14%
Compounded Profit Growth
10 Years:25%
5 Years:26%
3 Years:50%
TTM:61%
Stock Price CAGR
10 Years:32%
5 Years:63%
3 Years:62%
1 Year:430%
Return on Equity
10 Years:17%
5 Years:22%
3 Years:23%
Last Year:27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4 4 4 4 4 4 4 4 4 4 10 10
Reserves 39 46 51 49 46 47 63 92 111 138 163 216
Borrowings 89 99 121 118 113 122 99 94 97 137 146 130
17 16 29 44 55 47 39 41 47 53 59 83
Total Liabilities 149 166 205 215 219 221 204 232 259 333 378 439
86 96 103 109 105 103 100 115 129 168 229 242
CWIP 3 2 4 1 0 1 6 2 6 32 10 8
Investments 0 0 0 4 0 0 0 0 0 0 0 0
60 67 98 101 113 117 99 114 124 132 139 188
Total Assets 149 166 205 215 219 221 204 232 259 333 378 439

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15 21 33 25 21 20 34 32 39 48 50 36
-6 -9 -9 -7 1 -4 -8 -15 -18 -71 -45 -24
-14 -11 -21 -14 -28 -12 -28 -17 -18 22 -6 -10
Net Cash Flow -5 0 2 4 -6 4 -3 -0 3 -2 -1 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 14% 13% 11% 8% 10% 11% 21% 20% 15% 18% 19% 24%
Debtor Days 73 72 80 75 85 81 75 85 76 53 64 78
Inventory Turnover 11.23 10.67 9.56 7.67 7.68 5.94 5.58 5.98 7.22 9.10 7.69 7.30

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
63.50 63.50 63.50 63.50 63.50 63.50 63.50 64.22 64.53 64.53 64.53 65.00
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7.84 7.33 7.53 8.05 7.85 7.79 7.82 8.63 9.27 9.26 9.95 9.53
28.66 29.16 28.97 28.45 28.65 28.71 28.68 27.15 26.20 26.21 25.52 25.47

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