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Rajratan Global Wire Overview

Rajratan Global Wire Ltd (RGWL) is engaged in production of steel wires. It,thru its subsidiary, Rajratan Thai Wire Company Ltd, is engaged within the business of producing and sale of tire bead wire. The Company, thru its subsidiary, Swaraj Technocrafts Pvt. Ltd., is in production of wiredrawing machinery and tools. Its tire bead wire is utilized in all sorts of automobile tires, tires of earth moving system's and aircrafts. The Company's high carbon steel cord packages include mechanical spring, high performance spring, mattress spring and la...Read More

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Rajratan Global Wire Key Financials

Market Cap ₹2384 Cr.

Stock P/E 40.6

P/B 3.9

Current Price ₹469.7

Book Value ₹ 122

Face Value 2

52W High ₹540.5

Dividend Yield 0.43%

52W Low ₹ 250

Rajratan Global Wire Share Price

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Volume
Price

Rajratan Global Wire Quarterly Price

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Rajratan Global Wire Peer Comparison

Rajratan Global Wire Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 214 233 240 220 245 218 251 247 294 302
Other Income 1 -0 1 1 0 0 1 1 1 1
Total Income 216 233 241 221 245 219 252 248 296 302
Total Expenditure 180 198 205 191 207 192 218 216 254 261
Operating Profit 35 34 35 30 38 27 34 32 41 41
Interest 5 5 4 5 8 8 7 7 8 7
Depreciation 4 5 5 5 6 6 6 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 26 24 26 20 25 12 20 18 27 27
Provision for Tax 6 5 6 5 6 3 5 4 6 6
Profit After Tax 19 20 20 15 19 9 15 14 21 21
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 19 20 20 15 19 9 15 14 21 21
Adjusted Earnings Per Share 3.8 3.9 4 3 3.8 1.8 3 2.7 4 4.1

Rajratan Global Wire Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 274 283 283 345 493 480 547 893 895 890 935 1094
Other Income 1 1 2 5 2 1 2 2 3 3 2 4
Total Income 275 284 286 349 495 481 548 895 899 894 937 1098
Total Expenditure 249 241 242 311 440 412 454 711 733 763 808 949
Operating Profit 26 43 43 38 54 69 94 184 165 131 129 148
Interest 14 15 11 9 11 13 13 15 17 20 28 29
Depreciation 7 7 7 8 9 12 14 16 18 18 23 27
Exceptional Income / Expenses 0 0 0 2 0 0 0 0 0 0 0 0
Profit Before Tax 5 21 25 23 34 44 66 153 130 94 77 92
Provision for Tax 3 5 7 6 7 11 13 28 30 22 19 21
Profit After Tax 2 16 19 17 27 33 53 124 100 72 59 71
Adjustments 0 0 -0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 16 19 17 27 33 53 124 100 72 59 71
Adjusted Earnings Per Share 0.4 3.2 3.7 3.4 5.3 6.5 10.5 24.5 19.7 14.2 11.6 13.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 2% 14% 13%
Operating Profit CAGR -2% -11% 13% 17%
PAT CAGR -18% -22% 12% 40%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 12% -16% 33% 37%
ROE Average 11% 18% 25% 22%
ROCE Average 14% 20% 24% 21%

Rajratan Global Wire Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 51 67 96 115 142 173 227 341 439 493 559
Minority's Interest 1 0 0 0 0 0 0 0 0 0 0
Borrowings 27 14 8 4 40 54 59 54 86 104 115
Other Non-Current Liabilities 8 8 4 7 8 11 11 10 12 13 18
Total Current Liabilities 137 119 126 136 148 147 155 237 226 236 284
Total Liabilities 224 209 235 262 338 385 451 642 764 846 977
Fixed Assets 103 100 115 129 168 229 242 281 325 364 532
Other Non-Current Assets 5 8 4 7 37 12 14 52 164 195 80
Total Current Assets 116 101 116 126 133 144 195 309 276 287 365
Total Assets 224 209 235 262 338 385 451 642 764 846 977

Rajratan Global Wire Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 6 3 3 6 0 0 3 1 3 3
Cash Flow from Operating Activities 20 34 32 39 48 51 39 122 159 107 57
Cash Flow from Investing Activities -4 -8 -15 -18 -71 -45 -27 -96 -167 -97 -57
Cash Flow from Financing Activities -12 -28 -17 -18 22 -7 -10 -28 10 -10 8
Net Cash Inflow / Outflow 4 -3 -0 3 -2 -0 3 -2 2 0 8
Closing Cash & Cash Equivalent 6 3 3 6 4 0 3 1 3 3 11

Rajratan Global Wire Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.36 3.24 3.72 3.37 5.26 6.51 10.47 24.5 19.73 14.15 11.58
CEPS(Rs) 1.67 4.54 5.14 4.89 7.07 8.89 13.25 27.56 23.29 17.65 16.14
DPS(Rs) 0.2 0.24 0.3 0.3 0.4 0.4 1.6 2 2 2 2
Book NAV/Share(Rs) 10.09 13.2 18.16 21.85 27.25 33.37 43.83 67.19 85.77 96.25 109.33
Core EBITDA Margin(%) 8.34 13.75 13.46 9.55 10.63 14.17 16.85 20.26 17.92 14.26 13.42
EBIT Margin(%) 6.39 11.79 11.81 9.22 9.11 11.89 14.57 18.75 16.29 12.66 11.16
Pre Tax Margin(%) 1.65 6.97 8.34 6.73 6.92 9.1 12.12 17.03 14.43 10.47 8.18
PAT Margin (%) 0.58 5.34 6.21 4.9 5.42 6.88 9.72 13.87 11.08 8.02 6.22
Cash Profit Margin (%) 2.85 7.56 8.57 7.12 7.28 9.4 12.3 15.6 13.08 10 8.66
ROA(%) 0.77 7.52 8.53 6.88 8.9 9.14 12.7 22.75 14.24 8.92 6.45
ROE(%) 3.37 27.53 23.75 16.83 21.44 21.49 27.12 44.14 25.8 15.55 11.27
ROCE(%) 11.25 21.2 20.45 16.32 18.59 19.33 23.43 39.9 27.15 17.63 14.34
Receivable days 77.81 71.03 74.09 72.13 53.28 59.1 66.9 60.58 64.08 59.26 65.02
Inventory Days 41.96 40.81 37.98 36.34 29.98 32.89 30.83 27.06 33.95 32.25 35.22
Payable days 78.12 66.16 64.17 56.71 40.55 47.56 48.46 55.33 69.1 63.92 74.16
PER(x) 18.9 5.27 14.11 13.25 10.83 5.79 14.99 21.19 37.69 41.05 25.32
Price/Book(x) 0.67 1.29 2.89 2.04 2.09 1.13 3.58 7.73 8.67 6.04 2.68
Dividend Yield(%) 1.27 0.6 0.24 0.29 0.3 1.06 1.02 0.39 0.27 0.34 0.68
EV/Net Sales(x) 0.55 0.64 1.26 0.92 0.86 0.7 1.7 3.09 4.39 3.51 1.82
EV/Core EBITDA(x) 5.88 4.27 8.3 8.31 7.81 4.83 9.94 15.05 23.79 23.84 13.23
Net Sales Growth(%) -3.21 3.39 0.2 21.58 43.04 -2.57 13.81 63.37 0.28 -0.55 5.03
EBIT Growth(%) 13.53 89.69 0.05 -10.64 39.71 27.17 39.45 111.04 -12.44 -22.98 -6.91
PAT Growth(%) 184.5 848.43 16.15 -9.6 56.28 23.74 60.76 134.01 -19.47 -28.26 -18.15
EPS Growth(%) 184.4 808.15 14.76 -9.44 56.11 23.74 60.76 134.01 -19.47 -28.26 -18.15
Debt/Equity(x) 2.39 1.47 1.02 0.87 0.99 0.86 0.64 0.4 0.39 0.39 0.43
Current Ratio(x) 0.84 0.85 0.92 0.92 0.9 0.98 1.26 1.3 1.22 1.21 1.28
Quick Ratio(x) 0.56 0.6 0.65 0.66 0.59 0.7 0.93 0.96 0.84 0.91 0.89
Interest Cover(x) 1.35 2.45 3.41 3.71 4.15 4.27 5.95 10.89 8.75 5.8 3.75
Total Debt/Mcap(x) 3.57 1.14 0.35 0.43 0.47 0.76 0.18 0.05 0.05 0.06 0.16

Rajratan Global Wire Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 65.1 65.1 65.14 65.14 65.14 65.14 65.14 65.14 65.14 65.14
FII 0.64 0.73 0.87 0.29 0.27 0.16 0.21 0.14 0.57 0.5
DII 8.42 8.69 7.97 8.19 8.25 8.21 8.19 8.25 8.29 8.26
Public 25.84 25.49 26.02 26.38 26.34 26.49 26.46 26.47 26.01 26.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rajratan Global Wire News

Rajratan Global Wire Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 63.92 to 74.16days.
  • Stock is trading at 3.9 times its book value.
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