Rajratan Global Wire Ltd

₹ 930 0.22%
05 Dec 4:01 p.m.
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 aircrafts. It prevents vibration during driving and is required for safety, strength and the durability of tyres.[1]
High Carbon steel wire :Used in automobile, construction and engineering industries. It is also known as black wire.[2]

  • Market Cap 4,720 Cr.
  • Current Price 930
  • High / Low 1,410 / 381
  • Stock P/E 37.0
  • Book Value 75.0
  • Dividend Yield 0.21 %
  • ROCE 39.7 %
  • ROE 43.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 45.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.8%

Cons

  • Stock is trading at 12.4 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
120 105 125 65 139 159 184 182 241 222 248 251 225
102 90 109 57 113 133 151 146 190 174 200 199 187
Operating Profit 19 15 16 8 26 26 32 36 51 47 48 53 38
OPM % 15% 14% 13% 12% 19% 16% 18% 20% 21% 21% 19% 21% 17%
1 1 -1 1 -0 1 1 0 1 1 1 1 2
Interest 4 3 3 3 3 3 4 4 4 4 4 4 4
Depreciation 3 3 3 3 3 4 4 4 4 4 4 4 4
Profit before tax 12 9 9 2 19 20 26 29 44 40 40 46 31
Tax % 22% 20% 30% 18% 28% 26% 9% 24% 25% 18% 8% 24% 25%
Net Profit 10 7 6 2 14 15 23 22 33 33 37 35 23
EPS in Rs 1.91 1.47 1.19 0.32 2.67 2.90 4.57 4.31 6.42 6.45 7.29 6.80 4.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
220 252 252 283 274 283 283 345 493 480 547 893 945
196 228 232 259 249 241 242 311 440 412 454 711 760
Operating Profit 24 23 20 23 25 42 41 33 52 68 92 182 185
OPM % 11% 9% 8% 8% 9% 15% 14% 10% 11% 14% 17% 20% 20%
2 1 2 1 1 1 2 7 2 1 2 2 5
Interest 9 12 14 15 14 15 11 9 11 13 13 15 16
Depreciation 6 6 7 8 7 7 7 8 9 12 14 16 17
Profit before tax 11 6 1 1 5 21 25 23 34 44 66 153 157
Tax % 38% 46% 344% 259% 65% 23% 26% 27% 22% 24% 20% 19%
Net Profit 7 3 -2 -2 2 16 19 17 27 33 53 124 128
EPS in Rs 1.34 0.65 -0.44 -0.42 0.36 3.24 3.71 3.36 5.25 6.51 10.46 24.49 25.13
Dividend Payout % 10% 16% -19% -20% 24% 3% 3% 4% 3% 6% 15% 8%
Compounded Sales Growth
10 Years: 14%
5 Years: 26%
3 Years: 22%
TTM: 23%
Compounded Profit Growth
10 Years: 44%
5 Years: 46%
3 Years: 67%
TTM: 38%
Stock Price CAGR
10 Years: 57%
5 Years: 75%
3 Years: 152%
1 Year: 120%
Return on Equity
10 Years: 24%
5 Years: 29%
3 Years: 33%
Last Year: 44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4 4 4 4 4 4 4 4 4 10 10 10 10
Reserves 46 51 49 46 47 63 92 111 138 163 216 331 370
99 121 118 113 122 99 94 97 137 146 142 137 199
16 29 44 55 47 39 41 47 53 59 70 139 111
Total Liabilities 166 205 215 219 221 204 232 259 333 378 439 617 690
96 103 109 105 103 100 115 129 168 229 242 281 285
CWIP 2 4 1 0 1 6 2 6 32 10 9 30 92
Investments 0 0 4 0 0 0 0 0 0 0 0 0 0
67 98 101 113 117 99 114 124 132 139 188 306 313
Total Assets 166 205 215 219 221 204 232 259 333 378 439 617 690

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
21 33 25 21 20 34 32 39 48 51 39 119
-9 -9 -7 1 -4 -8 -15 -18 -71 -45 -27 -93
-11 -21 -14 -28 -12 -28 -17 -18 22 -6 -10 -28
Net Cash Flow 0 2 4 -6 4 -3 -0 3 -2 -0 3 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 72 80 75 85 81 75 85 76 53 64 78 74
Inventory Days 40 51 56 57 79 66 75 59 50 51 55 56
Days Payable 11 35 50 82 68 59 70 61 40 50 53 79
Cash Conversion Cycle 101 95 81 60 92 82 89 74 63 65 80 50
Working Capital Days 78 75 64 63 72 63 88 74 52 59 77 60
ROCE % 13% 11% 8% 10% 11% 21% 20% 15% 18% 19% 23% 40%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
63.50 64.22 64.53 64.53 64.53 65.00 65.00 65.00 65.00 65.00 65.00 65.01
0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.18
7.82 8.63 9.27 9.26 9.95 9.53 9.21 8.70 8.55 8.06 8.04 8.01
28.68 27.15 26.20 26.21 25.52 25.47 25.77 26.29 26.44 26.93 26.96 26.81

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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