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Rajratan Global Wire Ltd

RAJRATAN

Rajratan Global Wire Ltd

RAJRATAN
MaterialsIron & Steel
SmallcapWith a market cap of ₹2,533 cr, stock is ranked 1,045
Moderate RiskStock is 2.30x as volatile as Nifty
499.450.19% (+0.95)
499.450.19% (+0.95)

Price Chart

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1W
1M
1Y
5Y
Max
SIP
MaterialsIron & Steel
SmallcapWith a market cap of ₹2,533 cr, stock is ranked 1,045
Moderate RiskStock is 2.30x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹2,533 cr, stock is ranked 1,045
Moderate RiskStock is 2.30x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
34.145.140.40%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.003.521.32%

Forecast & Ratings

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 4 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Rajratan Global Wire is engaged in the business of manufacturing and sale of steel wires.

Investor Presentation

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Oct 22, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.69%, vs industry avg of 9.83%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.09% to 0.11%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 21.88%, vs industry avg of 4.81%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue283.64285.60351.13494.59481.38548.17898.36906.94898.93939.36
Raw Materialssubtract156.39169.26221.86340.80291.25330.86549.21559.12578.22801.71
Power & Fuel Costsubtract26.3824.6529.0237.5839.2638.0353.3466.7064.99
Employee Costsubtract17.6418.0421.2724.1227.0528.1032.7036.4338.52
Selling & Administrative Expensessubtract12.7013.0614.8818.7819.1122.3552.3044.0337.52
Operating & Other expensessubtract27.8117.4624.2319.2135.5235.0927.2235.4048.61
Depreciation/Amortizationsubtract6.777.197.749.1912.0914.1015.5218.0917.7219.51
Interest & Other Itemssubtract14.6910.568.6710.8113.3913.3815.4316.8219.5522.28
Taxes & Other Itemssubtract4.796.476.387.3910.6613.1328.3130.2321.9721.65
EPS0.650.740.671.051.303.4924.4919.7214.1514.62
DPS0.100.130.130.170.401.602.002.002.002.00
Payout ratio0.160.170.190.160.310.460.080.100.140.14

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 21PDF
Jan 18PDF
Oct 21PDF
Jul 21PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 21PDF
Jan 23PDF
Oct 21PDF
Jul 22PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 21PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 22PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Rajratan Global Wire Ltd35.275.140.40%
JSW Steel Ltd27.543.040.92%
Tata Steel Ltd-41.031.972.47%
Jindal Steel And Power Ltd15.942.120.21%

Price Comparison

Compare RAJRATAN with any stock or ETF
Compare RAJRATAN with any stock or ETF
RAJRATAN
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding65.14%7.90%0.35%0.27%26.34%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.68%0.64%0.73%0.87%0.29%0.27%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 3 Mutual Funds holding Rajratan Global Wire Ltd




Funds (Top 3)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Small Cap Fund - Growth - Direct Plan

Growth
7.9543%0.61%-0.08%56/63 (-4)
Edelweiss Small Cap Fund - Growth - Direct Plan

Growth
0.3613%0.22%0.22%76/82 (+1)
SBI Long Term Advantage Fund - Series IV - Direct Plan - Growth

Growth
0.0000%0.00%-2.53%29/45 (-13)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

RAJRATAN has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.40%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.01 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 23, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 23, 2024

Cash Dividend

Ex DateEx DateJul 27, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 27, 2023

Cash Dividend

Ex DateEx DateJun 13, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jun 13, 2022

Cash Dividend

Ex DateEx DateJul 12, 2021

Final
Final | Div/Share: ₹8.00

Dividend/Share

₹8.00

Ex DateEx Date

Jul 12, 2021

Cash Dividend

Ex DateEx DateMar 6, 2020

Interim
Interim | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Mar 6, 2020

News & Opinions
Earnings
Rajratan Global Wire consolidated net profit declines 2.21% in the September 2024 quarter

Net profit of Rajratan Global Wire declined 2.21% to Rs 19.05 crore in the quarter ended September 2024 as against Rs 19.48 crore during the previous quarter ended September 2023. Sales rose 14.46% to Rs 245.33 crore in the quarter ended September 2024 as against Rs 214.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales245.33214.34 14 OPM %15.4415.83 - PBDT30.3530.30 0 PBT24.6425.94 -5 NP19.0519.48 -2 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Rajratan Global Wire to table results

Rajratan Global Wire will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

Rajratan Global Wire gains after Q1 PAT climbs 23% YoY in FY25

4 months agoBusiness Standard
Spotlight
Rajratan Global Wire gains after Q1 PAT climbs 23% YoY in FY25

Revenue from operations increased 7.99% YoY to Rs 220.14 crore during the quarter. Profit before tax (PBT) jumped 19.81% YoY to Rs 20.32 crore in Q1 FY25. During the quarter, EBITDA stood at Rs 29.50 crore, up 17.44% as comapred with Rs 25.12 crore in Q1 FY24. EBITDA margin expanded by 108 bps to 13.40% in Q1 FY25 as against 12.32% in Q1 FY24. In terms of geography, India sales volume increased 8.45% YoY to 15,960 MT, while Thailand sales volume jumped 40.33% YoY to 10,502 MT. The company said that it expects 20% demand growth in Thailand from Q1 to Q2 based on existing market outlook. Sunil Chordia, chairman & managing director, said, 'After some quarters of sluggish offtake and a decline in financial performance, the company reported a marked improvement in Q1 FY25. This improvement was the result of demand exceeding supply for bead wire. This was influenced by an increased offtake of tyres (our direct sectorial customer) and a decline in imports. We expect sustained performance improvement in the subsequent quarters following the commercialization of our new Chennai plant coupled with maximized utilization of our Pithampur and Thailand manufacturing facilities. Based on existing realities, we expect improved performance visibility for the rest of the financial year. Rajratan Global Wire is a tyre ancillary, manufacturing bead wire, a critical component used in the manufacture of tyres.Powered by Capital Market - Live

4 months agoCapital Market - Live

Rajratan Global Wire consolidated net profit rises 22.61% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
Rajratan Global Wire consolidated net profit rises 22.61% in the June 2024 quarter

Net profit of Rajratan Global Wire rose 22.61% to Rs 15.24 crore in the quarter ended June 2024 as against Rs 12.43 crore during the previous quarter ended June 2023. Sales rose 7.99% to Rs 220.14 crore in the quarter ended June 2024 as against Rs 203.85 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales220.14203.85 8 OPM %13.4012.32 - PBDT24.9321.13 18 PBT20.3216.96 20 NP15.2412.43 23 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Rajratan Global Wire to discuss results

Rajratan Global Wire will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Rajratan Global Consolidated March 2024 Net Sales at Rs 239.57 crore, up 9.18% Y-o-Y

7 months agoMoneycontrol

Rajratan Global Consolidated June 2023 Net Sales at Rs 203.85 crore, down 18.92% Y-o-Y

1 year agoMoneycontrol

Rs 44 to Rs 880: This steel wire stock turned into a multibagger in three years; gained after three sessions today

1 year agoBusiness Today