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Rajratan Global Wire Ltd Stock Analysis

Small Cap
Evaluated by 348 users | BSE: 517522 | NSE: RAJRATAN |
Steel & Iron Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 9.44%10.04%10.35%9.08%10.46%8.78%7.34%13.26%13.23%17.37%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 183197232239207177218315286337423
Y-o-Y Gr. Rt.-7.8%17.9%3%-13.4%-14.6%23.7%44.1%-9%17.9%-
Adjusted EPS (Rs.) 5.616.617.016.259.378.137.4318.0322.136.550.53
Y-o-Y Gr. Rt.-17.8%6.1%-10.8%49.9%-13.2%-8.6%142.7%22.6%65.2%-
Book Value per Share (Rs.) 62.9169.1175.7380.6289.4997.1105.2122.77141.57177.89192.39
Adjusted Net Profit 5.76.77.16.39.58.37.518.322.437.151
Net Op. Cash Flow (Rs. Cr.) 1715.317.38.214.519.517.729.532.831.7-
Debt to Cash Flow from Ops 3.663.683.148.153.612.862.652.552.562.63-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rajratan Global Wire Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.1%10.3%15.6%17.9%
Adjusted EPS 23.1%31.3%70%65.2%
Book Value per Share 12.214.719.125.7
Share Price 50.1% 59.1% 73.8% 547.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 9.3110.019.687.9911.028.537.0615.2716.2322.2927.29
Operating Profit Margin (%) 10.5710.689.58.2111.2911.398.6510.815.9518.5919.53
Net Profit Margin (%) 3.123.413.072.654.64.673.455.827.8410.9812.12
Debt to Equity 0.980.80.70.810.570.560.440.60.590.46-
Working Capital Days 119132126140149154142116141131-
Cash Conversion Cycle 807061708310295687374-
Loading price chart...
Entity Percentage Holding
Promoters 65.00%
Institutions 9.23%
Non-Institutions 25.77%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Rajratan Global Wire Ltd's earnings have grown by 31.3%, whereas share price has appreciated 59.1% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

Rajratan Global Wire Ltd share price has appreciated 42.4% annually (CAGR) over the past ten years.

Data is not available for this company.

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

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

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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