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Rajratan Global Wire Ltd (RAJRATAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517522 NSE: RAJRATAN Auto Ancillary | Small Cap | Rajratan Global Wire Share Price
₹484.95 -13.30 (-2.67%)
As on 15-Sep'26 10:17
Rajratan Global Wire Ltd (RAJRATAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517522 NSE: RAJRATAN Auto Ancillary | Small Cap | Rajratan Global Wire Share Price
₹484.95 -13.30 (-2.67%)
As on 15-Sep'26 10:17
Key Metrics
Valuation Multiples
Market Cap
₹2,530 Cr.
Current Price
₹485
52-Week Low / High
₹308 / 564
TTM EPS
₹15.7
TTM Sales
₹1,228 Cr.
Book Value per Share
₹131.8
P/E Ratio
31.77
Lower than its 5-year historical median
Industry PE
49.1
Price to Book (P/B)
3.78
Lower than its 5-year historical median
Price to Sales (P/S)
2.06
Lower than its 5-year historical median
EV/EBITDA
17.73
Lower than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
11.67%
Underperforms industry median
Return on Capital Employed (ROCE)
13.34%
In line with industry median
Return on Assets (ROA)
6.53%
Operating Profit Margin
12.1%
Net Profit Margin
6.06%
Gross Profit Margin
10.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.97%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
10.23%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
19.25%
Asset Quality
Promoter Holding
65.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹659 Cr.
Equity
₹10.2 Cr.
Face Value
₹2
All Time Low / High
₹0.27 / 1409.05
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Rajratan Global Wire Ltd a good quality company?
Rajratan Global Wire Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Rajratan Global Wire Ltd performance compare with that of its Peers?
Revenue growth of Rajratan Global Wire Ltd vs industry peers?
Rajratan Global Wire Ltd revenue CAGR is 16.17%, compared to the industry median CAGR of 0.79%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Rajratan Global Wire Ltd?
Promoters hold 65.20% of the Rajratan Global Wire Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Rajratan Global Wire Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 28.9% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rajratan Global Wire Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.9% | 12.4% | 18.3% | 19.6% | 23% | 34.3% | 29.6% | 20% | 16% | 13.2% | - |
| Value Creation Index ⓘ | -0.1 | -0.1 | 0.3 | 0.4 | 0.6 | 1.5 | 1.1 | 0.4 | 0.1 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 177 | 218 | 315 | 286 | 337 | 540 | 612 | 556 | 592 | 722 | 758 |
| Sales YoY Gr. | - | 23.7% | 44.1% | -9% | 17.9% | 60% | 13.4% | -9.1% | 6.3% | 22% | - |
| Adj EPS ⓘ | 1.6 | 1.5 | 3.6 | 4.4 | 7.3 | 13.5 | 13.8 | 11 | 9 | 8.3 | 9.5 |
| YoY Gr. | - | -8.6% | 142.3% | 22.4% | 65.2% | 85.2% | 1.9% | -20.2% | -17.7% | -8.2% | - |
| BVPS (₹) ⓘ | 19.4 | 21 | 24.6 | 28.3 | 35.6 | 47.6 | 59.5 | 68.5 | 75.7 | 82.7 | 85.3 |
| Adj Net Profit ⓘ | 8.3 | 7.5 | 18.3 | 22.4 | 37.1 | 68.7 | 69.9 | 55.8 | 45.9 | 42.1 | 48 |
| Cash Flow from Ops. ⓘ | 19.5 | 17.7 | 29.5 | 32.8 | 31.8 | 84.8 | 103 | 86.6 | 24.9 | 33.6 | - |
| Debt/CF from Ops. ⓘ | 2.9 | 2.7 | 2.6 | 2.6 | 2.6 | 1 | 1.1 | 1.6 | 7.4 | 8.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.9% | 16.4% | 5.6% | 22% | ||||
| Adj EPS ⓘ | 19.8% | 2.6% | -15.5% | -8.2% | ||||
| BVPSⓘ | 17.5% | 18.4% | 11.6% | 9.2% | ||||
| Share Price | 28.6% | 2.7% | -14.1% | 35.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.5 | 7.1 | 15.3 | 16.2 | 22.3 | 31.9 | 25.4 | 17 | 12.4 | 10.4 | 11.3 |
| Op. Profit Mgn % ⓘ | 11.4 | 8.7 | 10.8 | 16 | 18.6 | 20.2 | 19.3 | 17.6 | 16 | 13.1 | 13 |
| Net Profit Mgn % ⓘ | 4.7 | 3.5 | 5.8 | 7.8 | 11 | 12.7 | 11.4 | 10 | 7.8 | 5.8 | 6.3 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | - |
| Working Cap Days ⓘ | 154 | 142 | 116 | 141 | 137 | 112 | 114 | 121 | 126 | 136 | 71 |
| Cash Conv. Cycle ⓘ | 102 | 95 | 68 | 73 | 74 | 50 | 40 | 37 | 44 | 62 | 10 |
Valuation of Rajratan Global Wire - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 283 | 345 | 493 | 480 | 547 | 893 | 895 | 890 | 935 | 1,157 |
| Operating Expenses ⓘ + | 242 | 311 | 440 | 412 | 454 | 711 | 733 | 763 | 808 | 1,017 |
| Operating Profit ⓘ | 41 | 33 | 52 | 68 | 92 | 182 | 162 | 128 | 127 | 140 |
| Operating Profit Margin (%) | 14.5% | 9.7% | 10.6% | 14.2% | 16.9% | 20.3% | 18.1% | 14.3% | 13.6% | 12.1% |
| Other Income ⓘ + | 2 | 5 | 2 | 1 | 2 | 2 | 3 | 3 | 2 | 6 |
| Interest ⓘ | 11 | 9 | 11 | 13 | 13 | 15 | 17 | 20 | 28 | 28 |
| Depreciation ⓘ | 7 | 8 | 9 | 12 | 14 | 16 | 18 | 18 | 23 | 28 |
| Profit Before Tax ⓘ | 25 | 23 | 34 | 44 | 66 | 153 | 130 | 94 | 77 | 89 |
| Tax ⓘ | 7 | 6 | 7 | 11 | 13 | 28 | 30 | 22 | 19 | 19 |
| Profit After Tax | 19 | 17 | 27 | 33 | 53 | 124 | 100 | 72 | 59 | 70 |
| PAT Margin (%) | 6.7% | 5.0% | 5.4% | 6.9% | 9.7% | 13.9% | 11.2% | 8.1% | 6.3% | 6.1% |
| Adjusted EPS (₹) | 3.7 | 3.4 | 5.3 | 6.5 | 10.5 | 24.5 | 19.7 | 14.2 | 11.6 | 13.8 |
| Dividend Payout Ratio (%) | 3.50% | 3.80% | 3.30% | 6.10% | 15.30% | 8.20% | 10.10% | 14.10% | 17.30% | 14.50% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 96 | 115 | 142 | 173 | 227 | 341 | 439 | 493 | 559 | 650 | |
| Debt + | 88 | 91 | 129 | 137 | 130 | 120 | 145 | 153 | 190 | 282 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 32 | 37 | 36 | 40 | 49 | 114 | 95 | 109 | 131 | 139 | |
| Others Liabilities ⓘ | 18 | 19 | 31 | 35 | 46 | 68 | 85 | 92 | 97 | 99 | |
| Total Liabilities ⓘ | 235 | 262 | 338 | 385 | 451 | 642 | 764 | 846 | 977 | 1,170 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 115 | 129 | 168 | 229 | 242 | 281 | 325 | 364 | 532 | 619 | |
| CWIP ⓘ | 2 | 6 | 32 | 10 | 9 | 30 | 140 | 191 | 72 | 88 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Inventories | 34 | 36 | 45 | 41 | 51 | 82 | 86 | 72 | 110 | 104 | |
| Trade Receivables | 66 | 72 | 72 | 84 | 117 | 181 | 136 | 154 | 183 | 255 | |
| Cash Equivalents | 3 | 6 | 4 | 3 | 8 | 8 | 13 | 15 | 24 | 37 | |
| Others Assets ⓘ | 15 | 14 | 16 | 18 | 25 | 60 | 64 | 50 | 55 | 65 | |
| Total Assets ⓘ | 235 | 262 | 338 | 385 | 451 | 642 | 764 | 846 | 977 | 1,170 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 32 | 39 | 48 | 51 | 39 | 122 | 159 | 107 | 57 | 75 |
| Cash Flow From Investing Activity ⓘ + | -15 | -18 | -71 | -45 | -27 | -96 | -167 | -97 | -57 | -113 |
| Cash Flow From Financing Activity ⓘ + | -17 | -18 | 22 | -7 | -10 | -28 | 10 | -10 | 8 | 50 |
| Net Cash Flow ⓘ | -0 | 3 | -2 | -0 | 3 | -2 | 2 | 0 | 8 | 11 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.75 | 16.83 | 21.44 | 21.49 | 27.12 | 44.14 | 25.8 | 15.55 | 11.27 | 11.67 |
| ROCE (%) | 20.45 | 16.32 | 18.59 | 19.33 | 23.43 | 39.9 | 27.15 | 17.63 | 14.34 | 13.34 |
| Asset Turnover Ratio | 1.37 | 1.4 | 1.64 | 1.33 | 1.31 | 1.64 | 1.29 | 1.11 | 1.04 | 1.09 |
| PAT to CFO Conversion(x) | 1.68 | 2.29 | 1.78 | 1.55 | 0.74 | 0.98 | 1.59 | 1.49 | 0.97 | 1.07 |
| Working Capital Days | ||||||||||
| Receivable Days | 74.10 | 72.10 | 53.30 | 59.10 | 66.90 | 60.60 | 64.10 | 59.30 | 65 | 68.50 |
| Inventory Days | 38 | 36.30 | 30 | 32.90 | 30.80 | 27.10 | 34 | 32.30 | 35.20 | 33.60 |
| Payable Days | 64.20 | 56.70 | 40.60 | 47.60 | 48.50 | 55.30 | 69.10 | 63.90 | 74.20 | 70 |
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Rajratan Global Wire Ltd FAQs
The current trading price of Rajratan Global Wire on 15-Sep-2026 10:17 is ₹484.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of Rajratan Global Wire stood at ₹2,529.7 Cr
The latest P/E ratio of Rajratan Global Wire as of 14-Sep-2026 is 52.72.
The latest P/B ratio of Rajratan Global Wire as of 14-Sep-2026 is 5.84.
The 52-week high of Rajratan Global Wire is ₹563.8 and the 52-week low is ₹308.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajratan Global Wire is ₹758 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajratan Global Wire Ltd is a good quality company.
The key valuation ratios of Rajratan Global Wire Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rajratan Global Wire Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Rajratan Global Wire Ltd
Rajratan Global Wire (RGWL) incorporated on September 9, 1988 is one of the leading manufacturers of high carbon steel wire in India – specializing in automotive tyre bead wire, high quality spring & rope wires are other speciality products of the company.
RGWL has most modern factory at Pithampur, which is 25 Km from Indore, a prominent industrial city in Central India. The quest for quality, excellence and progress driven by the total dedication of a competent and professional team is the hallmark of RGWL. With its “state of art†plant RGWL is equipped to produce high value steel wires with precise product characteristics.
In a short span of time RGWL has achieved leadership position in tyre bead wire business in India having a global scale of operation & to take the tradition of quality & excellence further, RGWL has formed a 100% subsidiary company Rajratan Thai Wire Co. and started an ultra modern facility to produce automotive tyre bead wire in Thailand. This is a true step towards globalization efforts of RGWL.
Product range of the company includes:
Tyre bead wire- Tyre bead wire is a high carbon bronze coated steel wire used in all tyres. The main function of bead wire is to hold the tyre on the rim and to resist the action of the inflated pressure, which constantly tries to force it off.
Following sizes of bead wire are being regularly manufactured by the company:
- 0.89 MM NT / HT
- 0.96 MM NT / HT
- 1.295 MM HT
- 1.60 MM HT
- 1.65 MM HT
- 1.83 MM NT / HT
- 2.00 MM NT
- 2.20 MM NT
- 2.40 MM NT
PC Wire & Strands
- PC single wire - As Drawn- This wire is mostly used for the manufacture of pre-stressed concrete pipes. The wire has a drawn finish and is supplied with plain surface without indentation.
- PC Single Wire-Stress Relieved- This wire is supplied in large coils and pays out straight when uncoiled. It is used in pre-tensioning and post-tensioning operations for mass produced small components as well as pre-stressed constructions at site. The wire can be supplied in plain or indented finish.
- PC Strands - P.C. Strands are being increasingly used because of larger pre-stressing loads that are possible. Strands also afford a better mechanical bond with concrete as compared to single wires.
Achievements/ recognition:-
- RGWL's Tyre Bead Wire manufacturing unit is certified by ISO/TS 16949:2002
- PC Wire and Strand unit is certified for ISO 9001:2000
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