Skip to main content
Swing Capital

Rajratan Global Wire Ltd

NSE: RAJRATAN BSE: 517522Auto

The Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering. [1]

₹402
52W: ₹306 — ₹540
PE 45.6 · Book ₹83.4 · +382% vs book
Market Cap₹2,040 Cr
Stock P/E45.6Price to Earnings
ROCE13.2%Return on Capital
ROE11%Return on Equity
Div. Yield0.49%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 20.9%
  • +Company's working capital requirements have reduced from 21.4 days to 15.5 days

Weaknesses

  • −Company has a low return on equity of 13.3% over last 3 years.
  • −Debtor days have increased from 77.9 to 95.1 days.

Shareholding Pattern

Promoters65.2%
FIIs0.57%
DIIs8.3%
Public25.92%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.13%65.13%65.13%65.13%65.13%65.13%65.13%65.2%▲0.1
FIIs0.29%0.27%▼0.00.16%▼0.10.21%▲0.00.14%▼0.10.57%▲0.40.5%▼0.10.57%▲0.1
DIIs8.19%8.25%▲0.18.21%▼0.08.19%▼0.08.26%▲0.18.29%▲0.08.27%▼0.08.3%▲0.0
Public26.37%26.34%▼0.026.49%▲0.126.47%▼0.026.47%26.01%▼0.526.09%▲0.125.92%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales137.69139.52140.63152.52138.22160.15158.38190.06184.9188.16
Expenses115.71113.45118.65125.12119.94133.06134.4164.08157.76171.03
Operating Profit21.9826.0721.9827.418.2827.0923.9825.9827.1417.13
OPM %15.96%18.69%15.63%17.96%13.23%16.92%15.14%13.67%14.68%9.1%
Net Profit12.1715.8612.0314.816.4313.0310.6212.4813.368.33
EPS ₹2.43.122.372.921.272.572.092.462.631.64

AI Insights

Revenue Trend

Mar 2026 revenue at ₹722Cr, up 22% YoY. OPM at 13%.

Debt Position

Borrowings at ₹276Cr. Debt-to-equity ratio: 0.67x. Moderate leverage.

Capex Cycle

CWIP at ₹69Cr (18% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.3% (+0.02pp change). FIIs: 0.57% (-0.11pp change). Promoters hold 65.2%.

Margin & Efficiency

ROCE improving from 13% (Mar 2015) to 13% (Mar 2026). Working capital days: 15.

Valuation

PE 45.6x with 13.2% ROCE. Price is 382% above book value of ₹83.4. Dividend yield: 0.49%.

Recent Announcements