Rajratan Global Wire Ltd
RAJRATANRajratan Global Wire Ltd
RAJRATAN
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 37.22 | 5.61 | 0.37% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 30.76 | 3.47 | 1.33% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Rajratan Global Wire is engaged in the business of manufacturing and sale of steel wires.
Investor Presentation
View olderPeers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ cr.
All values in ₹ cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 283.64 | 285.60 | 351.13 | 494.59 | 481.38 | 548.17 | 898.36 | 906.94 | 898.93 | 939.36 | ||||||||||
Raw Materials | 156.39 | 169.26 | 221.86 | 340.80 | 291.25 | 330.86 | 549.21 | 559.12 | 578.22 | 801.71 | ||||||||||
| Power & Fuel Cost | 26.38 | 24.65 | 29.02 | 37.58 | 39.26 | 38.03 | 53.34 | 66.70 | 64.99 | |||||||||||
| Employee Cost | 17.64 | 18.04 | 21.27 | 24.12 | 27.05 | 28.10 | 32.70 | 36.43 | 38.52 | |||||||||||
| Selling & Administrative Expenses | 12.70 | 13.06 | 14.88 | 18.78 | 19.11 | 22.35 | 52.30 | 44.03 | 37.52 | |||||||||||
| Operating & Other expenses | 27.81 | 17.46 | 24.23 | 19.21 | 35.52 | 35.09 | 27.22 | 35.40 | 48.61 | |||||||||||
EBITDA | 42.72 | 43.13 | 39.87 | 54.10 | 69.19 | 93.74 | 183.59 | 165.26 | 131.07 | 137.65 | ||||||||||
| Depreciation/Amortization | 6.77 | 7.19 | 7.74 | 9.19 | 12.09 | 14.10 | 15.52 | 18.09 | 17.72 | 19.51 | ||||||||||
| PBIT | 35.95 | 35.94 | 32.13 | 44.91 | 57.10 | 79.64 | 168.07 | 147.17 | 113.35 | 118.14 | ||||||||||
| Interest & Other Items | 14.69 | 10.56 | 8.67 | 10.81 | 13.39 | 13.38 | 15.43 | 16.82 | 19.55 | 22.28 | ||||||||||
| PBT | 21.26 | 25.38 | 23.46 | 34.10 | 43.71 | 66.26 | 152.64 | 130.35 | 93.80 | 95.86 | ||||||||||
| Taxes & Other Items | 4.79 | 6.47 | 6.38 | 7.39 | 10.66 | 13.13 | 28.31 | 30.23 | 21.97 | 21.65 | ||||||||||
| Net Income | 16.47 | 18.91 | 17.08 | 26.71 | 33.05 | 53.13 | 124.33 | 100.12 | 71.83 | 74.21 | ||||||||||
| EPS | 0.65 | 0.74 | 0.67 | 1.05 | 1.30 | 3.49 | 24.49 | 19.72 | 14.15 | 14.62 | ||||||||||
| DPS | 0.10 | 0.13 | 0.13 | 0.17 | 0.40 | 1.60 | 2.00 | 2.00 | 2.00 | 2.00 | ||||||||||
| Payout ratio | 0.16 | 0.17 | 0.19 | 0.16 | 0.31 | 0.46 | 0.08 | 0.10 | 0.14 | 0.14 |
Company Updates
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Rajratan Global Wire Ltd | 38.45 | 5.61 | 0.37% |
| JSW Steel Ltd | 27.59 | 3.05 | 0.92% |
| Tata Steel Ltd | -41.51 | 1.99 | 2.44% |
| Jindal Steel And Power Ltd | 15.81 | 2.10 | 0.21% |
Price Comparison
Compare RAJRATAN with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 7.8318% | Percentage of the fund’s portfolio invested in the stock 0.62% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 56/63 (-7) |
Edelweiss Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3558% | Percentage of the fund’s portfolio invested in the stock 0.22% | Change in the portfolio weight of the stock over the last 3 months 0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 76/80 (0) |
SBI Long Term Advantage Fund - Series IV - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1799% | Percentage of the fund’s portfolio invested in the stock 2.02% | Change in the portfolio weight of the stock over the last 3 months -0.63% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/45 (-2) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
RAJRATAN has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.37%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.67 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 23, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Jul 23, 2024
Cash Dividend
Ex DateEx DateJul 27, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jul 27, 2023
Cash Dividend
Ex DateEx DateJun 13, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Jun 13, 2022
Cash Dividend
Ex DateEx DateJul 12, 2021
Dividend/Share
₹8.00
Ex DateEx Date
Jul 12, 2021
Cash Dividend
Ex DateEx DateMar 6, 2020
Dividend/Share
₹2.00
Ex DateEx Date
Mar 6, 2020
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
Rajratan Global Wire will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live
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
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
Rajratan Global Wire will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live
Rajratan Global Consolidated March 2024 Net Sales at Rs 239.57 crore, up 9.18% Y-o-Y
Rajratan Global Consolidated June 2023 Net Sales at Rs 203.85 crore, down 18.92% Y-o-Y
Rs 44 to Rs 880: This steel wire stock turned into a multibagger in three years; gained after three sessions today
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12.69%, vs industry avg of 9.87%
Increasing Market Share
Over the last 5 years, market share increased from 0.09% to 0.11%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 21.88%, vs industry avg of 4.85%