Rajratan Global Wire Ltd Stock Analysis

BSE: 517522 | NSE: RAJRATAN | Auto Ancillary | Small Cap

BSE Share Price 25-Nov-2022 18:01
915.65 -13.65 (-1.47%)

DeciZen - Make an Informed Decision on Rajratan Global Wire

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rajratan Global Wire Price Chart

P/E Ratio (SA) :
61.94
Market Cap :
4,648.9 Cr.
52-wk low :
381.2
52-wk high :
1,409.1
Bole Toh?

1. Is Rajratan Global Wire Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajratan Global Wire Ltd is a average quality company.

2. Is Rajratan Global Wire Ltd undervalued or overvalued?

The key valuation ratios of Rajratan Global Wire Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Rajratan Global Wire Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Rajratan Global Wire Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Rajratan Global Wire:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%10.4%9.1%10.5%8.8%7.3%13.3%13.2%17.4%25.7%-
Value Creation Index -0.3-0.3-0.4-0.3-0.4-0.5-0.1-0.10.20.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 197232239207177218315286337540598
YoY Gr. Rt. %-17.9%3%-13.4%-14.6%23.7%44.1%-9%17.9%60%-
Adj EPS 1.31.41.31.91.61.53.64.47.313.514.8
YoY Gr. Rt. %-6.1%-10.7%49.6%-12.8%-8.6%142.3%22.4%65.2%84.5%-
BVPS (₹) 13.815.216.117.919.42124.628.336.448.454
Adj Net Profit 6.77.16.39.58.37.518.322.437.168.475
Cash Flow from Ops. 15.317.38.214.519.517.729.532.831.894-
Debt/CF from Ops. 3.73.18.23.62.92.72.62.62.60.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%25%19.7%60%
Adj EPS 29.5%52.6%55.1%84.5%
BVPS 14.92025.432.9
Share Price 57.1% 76.7% 148.3% 120%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 109.78118.57.115.316.222.331.828.9
Op. Profit Mgn % 10.79.58.211.311.48.710.81618.620.219.7
Net Profit Mgn % 3.43.12.74.64.73.55.87.81112.712.5
Debt to Equity 0.80.70.80.60.60.40.60.60.50.40.3
Working Cap Days 132126140149154142116141137120111
Cash Conv. Cycle 70617083102956873744934

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.90%

Sales growth is growing at healthy rate in last 3 years 19.73%

Net Profit is growing at healthy rate in last 3 years 55.10%

Sales growth is good in last 4 quarters at 25.68%

No data to display

Latest Financials - Rajratan Global Wire Ltd.

Standalone Consolidated
TTM EPS (₹) 14.8 25.1
TTM Sales (₹ Cr.) 598 945
BVPS (₹.) 54 75
Reserves (₹ Cr.) 264 370
P/BV 16.96 12.21
PE 61.94 36.39
From the Market
52 Week Low / High (₹) 381.20 / 1409.05
All Time Low / High (₹) 0.27 / 1409.05
Market Cap (₹ Cr.) 4,649
Equity (₹ Cr.) 10.2
Face Value (₹) 2
Industry PE 36.1

Management X-Ray of Rajratan Global Wire :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rajratan Global Wire

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Rajratan Global Wire Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rajratan Global Wire on 25-Nov-2022 18:01 is : 915.6.
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 25-Nov-2022 18:01 the market cap of Rajratan Global Wire stood at ₹ 4,648.9.
The latest PE ratio of Rajratan Global Wire as of 25-Nov-2022 18:01 is 61.94.
The latest PB ratio of Rajratan Global Wire as of 25-Nov-2022 18:01 is 16.96
The 52-week high of Rajratan Global Wire is ₹ 1,409.1 and the 52-week low is ₹ 381.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rajratan Global Wire is ₹ 598.4 ( Cr.) .

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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