Rajratan Global Wire Ltd
₹ 496
1.23%
26 Aug
- 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
- Market Cap ₹ 2,518 Cr.
- Current Price ₹ 496
- High / Low ₹ 564 / 306
- Stock P/E 31.6
- Book Value ₹ 128
- Dividend Yield 0.40 %
- 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 3.87 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 274 | 283 | 283 | 345 | 493 | 480 | 547 | 893 | 895 | 890 | 935 | 1,156 | 1,228 | |
| 249 | 241 | 242 | 311 | 440 | 412 | 454 | 711 | 733 | 763 | 808 | 1,017 | 1,078 | |
| Operating Profit | 25 | 42 | 41 | 33 | 52 | 68 | 92 | 182 | 162 | 128 | 127 | 140 | 151 |
| OPM % | 9% | 15% | 14% | 10% | 11% | 14% | 17% | 20% | 18% | 14% | 14% | 12% | 12% |
| 1 | 1 | 2 | 7 | 2 | 1 | 2 | 2 | 3 | 3 | 2 | 6 | 8 | |
| Interest | 14 | 15 | 11 | 9 | 11 | 13 | 13 | 15 | 17 | 20 | 28 | 28 | 29 |
| Depreciation | 7 | 7 | 7 | 8 | 9 | 12 | 14 | 16 | 18 | 18 | 23 | 28 | 29 |
| Profit before tax | 5 | 21 | 25 | 23 | 34 | 44 | 66 | 153 | 130 | 94 | 77 | 89 | 101 |
| 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 | 80 | |
| 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 | 15.69 |
| 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: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 6% |
| 3 Years: | -11% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 5% |
| 3 Years: | -13% |
| 1 Year: | 55% |
| 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 | 162 | 107 | 57 | 75 | |
| -4 | -8 | -15 | -18 | -71 | -45 | -27 | -96 | -169 | -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 | -4 | -13 | -1 | -30 |
| CFO/OP | 96% | 91% | 87% | 129% | 102% | 87% | 56% | 81% | 119% | 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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Re-Appointment Of Mr. Yashovardhan Chordia
- Shareholders approved Mr. Yashovardhan Chordia’s reappointment as CEO and Deputy Managing Director at the 38th AGM.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 38th AGM voting results released; Rs. 2 dividend approved, Yashovardhan Chordia reappointed CEO and Deputy MD.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copy of Newspaper Publication of Unaudited Quarterly Financial Results
- Announcement under Regulation 30 (LODR)-Investor Presentation
Annual reports
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Annual Report 2026
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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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.