Is Rajratan Global Wire 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 .

Is Rajratan Global Wire 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 Somewhat overvalued zone .

What is Rajratan Global Wire share price return in the past 10 years?

Rajratan Global Wire Ltd share price has appreciated 50.3% annually (CAGR) over the past ten years.

Is Rajratan Global Wire a good buy now?

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

Rajratan Global Wire Ltd - Stock Valuation and Financial Performance

Name: Rajratan Global Wire
Brand: Rajratan Global Wire

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

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Rajratan Global Wire Share Price

₹500.50 2.75 0.55%
as on 03-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.3%	15.7%	12.9%	12.4%	18.3%	19.6%	23%	34.3%	29.6%	20%	-
Value Creation Index ⓘ	-0.1	0.1	-0.1	-0.1	0.3	0.4	0.6	1.5	1.1	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	239	207	177	218	315	286	337	540	612	556	570
Sales YoY Gr.	-	-13.4%	-14.6%	23.7%	44.1%	-9%	17.9%	60%	13.4%	-9.1%	-
Adj EPS ⓘ	1.3	1.9	1.6	1.5	3.6	4.4	7.3	13.5	13.8	11	10.8
YoY Gr.	-	49.6%	-12.8%	-8.6%	142.3%	22.4%	65.2%	85.2%	1.9%	-20.2%	-
BVPS (₹) ⓘ	16.1	17.9	19.4	21	24.6	28.3	35.6	47.6	59.5	68.5	71.8
Adj Net Profit ⓘ	6.3	9.5	8.3	7.5	18.3	22.4	37.1	68.7	69.9	55.8	55
Cash Flow from Ops. ⓘ	8.2	14.5	19.5	17.7	29.5	32.8	31.8	84.8	103	85.5	-
Debt/CF from Ops. ⓘ	8.2	3.6	2.9	2.7	2.6	2.6	2.6	1	1.1	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.8%	12.1%	18.1%	-9.1%
Adj EPS ⓘ	27.3%	24.9%	14.6%	-20.2%
BVPSⓘ	17.5%	22.8%	24.4%	15.2%
Share Price	50.3%	53.9%	5.9%	-32.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8	11	8.5	7.1	15.3	16.2	22.3	31.9	25.4	17	15.4
Op. Profit Mgn % ⓘ	8.7	11.9	11.4	8.7	10.8	16	18.6	20.2	19.3	17.6	17.1
Net Profit Mgn % ⓘ	2.7	4.6	4.7	3.5	5.8	7.8	11	12.7	11.4	10	9.6
Debt to Equity ⓘ	0.8	0.6	0.6	0.4	0.6	0.6	0.5	0.4	0.4	0.4	0.2
Working Cap Days ⓘ	140	149	154	142	116	141	137	112	114	121	62
Cash Conv. Cycle ⓘ	70	82	102	95	68	73	74	50	40	37	10

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.14%

Net Profit is growing at healthy rate in last 3 years 14.61%

Return on Equity has declined versus last 3 years average to 15.40%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Rajratan Global Wire Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.8	14.6
TTM Sales (₹ Cr.)	570	938
BVPS (₹.) ⓘ	71.8	105.6
Reserves (₹ Cr.) ⓘ	354	526
P/BV ⓘ	6.93	4.72
PE ⓘ	46.06	34.05

From the Market
52 Week Low / High (₹)	490.20 / 830.00
All Time Low / High (₹)	0.27 / 1409.05
Market Cap (₹ Cr.)	2,527
Equity (₹ Cr.)	10.2
Face Value (₹)	2
Industry PE ⓘ	51.6

Management X-Ray of Rajratan Global Wire:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Rajratan Global Wire

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Rajratan Global Wire

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	239	207	177	218	315	286	337	540	612	556
Operating Expenses ⓘ	218	182	156	199	281	240	275	431	494	459
Manufacturing Costs	27	28	27	30	37	39	35	57	74	64
Material Costs	172	132	108	146	216	170	208	325	369	343
Employee Cost	10	10	11	12	13	15	15	20	23	25
Other Costs ⓘ	10	11	11	11	14	16	17	30	30	26
Operating Profit ⓘ	21	25	20	19	34	46	63	109	118	98
Operating Profit Margin (%)	8.7%	11.9%	11.4%	8.7%	10.8%	16.0%	18.5%	20.2%	19.3%	17.6%
Other Income ⓘ	1	1	2	2	2	2	1	1	2	1
Interest ⓘ	9	8	7	6	8	9	9	12	14	15
Depreciation ⓘ	3	3	3	3	4	5	7	8	10	9
Exceptional Items ⓘ	0	0	0	2	0	0	0	0	0	0
Profit Before Tax ⓘ	10	15	12	13	24	33	47	90	97	75
Tax ⓘ	3	5	4	5	6	10	10	21	26	19
Profit After Tax	6	10	8	9	19	23	37	69	71	56
PAT Margin (%)	2.7%	4.7%	4.7%	4.0%	5.9%	8.1%	11.0%	12.7%	11.6%	10.0%
Adjusted EPS (₹)	1.3	1.9	1.6	1.7	3.7	4.6	7.3	13.5	14.0	11.0
Dividend Payout Ratio (%)	7%	5%	8%	7%	5%	9%	22%	15%	14%	18%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	82	91	103	111	129	148	185	245	306	352
Share Capital ⓘ	4	4	4	4	4	10	10	10	10	10
Reserves ⓘ	78	87	98	107	124	138	175	235	296	342
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	61	45	50	41	68	77	72	71	99	106
Long Term Debt	18	14	8	2	31	44	52	42	67	95
Short Term Debt	43	32	42	39	37	33	21	30	32	11
Trade Payables	28	7	4	10	26	22	27	64	68	69
Others Liabilities ⓘ	20	23	19	21	28	32	52	53	71	79
Total Liabilities ⓘ	190	166	176	183	251	278	335	433	544	605
Fixed Assets
Gross Block	77	79	52	55	88	131	148	196	223	227
Accumulated Depreciation	37	39	3	6	9	15	21	29	39	48
Net Fixed Assetsⓘ	41	40	49	50	78	116	127	167	185	180
CWIP ⓘ	0	3	1	4	19	10	7	17	101	188
Investmentsⓘ	39	39	39	38	38	38	51	51	51	51
Inventories	20	15	13	16	26	23	25	35	46	39
Trade Receivables	66	47	50	53	61	61	87	113	104	92
Cash Equivalents	5	3	2	3	4	3	7	8	10	12
Others Assetsⓘ	19	20	23	19	24	26	31	43	47	44
Total Assets ⓘ	190	166	176	183	251	278	335	433	544	605

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	8	14	19	18	29	33	32	85	103	85
PBT ⓘ	10	15	12	13	24	33	47	90	97	75
Adjustment ⓘ	12	11	10	8	12	14	15	19	22	23
Changes in Working Capital ⓘ	-10	-7	1	1	-1	-6	-19	-4	8	7
Tax Paid ⓘ	-3	-4	-4	-4	-6	-8	-11	-21	-23	-19
Cash Flow From Investing Activity ⓘ	-7	-5	-7	-5	-48	-34	-28	-69	-112	-78
Capex	-2	-5	-7	-7	-48	-34	-19	-66	-111	-94
Net Investments	-5	0	0	0	0	0	-12	5	0	0
Others ⓘ	0	0	0	2	0	0	3	-8	0	15
Cash Flow From Financing Activityⓘ	3	-12	-13	-12	19	1	-2	-18	9	-7
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	13	-4	-5	-5	28	14	7	-7	29	39
Interest Paid ⓘ	-9	-8	-7	-6	-8	-9	-9	-12	-13	-15
Dividend Paid ⓘ	0	0	-1	-1	-1	-3	0	-8	-10	-10
Others ⓘ	0	0	0	0	0	-1	0	9	3	-21
Net Cash Flow ⓘ	4	-3	0	1	1	0	2	-2	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.04	11.16	8.71	8.56	16.15	17.22	22.8	32.27	26.09	17.18
ROCE (%)	13.34	15.65	12.91	12.42	18.27	19.61	23	34.3	29.6	19.95
Asset Turnover Ratio	1.44	1.28	1.16	1.24	1.45	1.08	1.1	1.41	1.27	0.98
PAT to CFO Conversion(x)	1.33	1.4	2.38	2	1.53	1.43	0.86	1.23	1.45	1.52
Working Capital Days
Receivable Days	92	90	89	84	66	78	80	67	64	64
Inventory Days	25	28	26	24	25	31	26	20	24	28
Payable Days	60	48	19	18	30	51	43	51	65	73

Rajratan Global Wire Ltd Stock News

Rajratan Global Wire Ltd FAQs

What is the share price of Rajratan Global Wire?

Company share prices are keep on changing according to the market conditions. The closing price of Rajratan Global Wire on 03-Dec-2024 16:59 is ₹500.5.

What is the market cap of Rajratan Global Wire?

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 03-Dec-2024 16:59 the market cap of Rajratan Global Wire stood at ₹2,527.1.

What is the P/E ratio of Rajratan Global Wire?

The latest P/E ratio of Rajratan Global Wire as of 03-Dec-2024 16:59 is 46.06.

What is the P/B ratio of Rajratan Global Wire?

The latest P/B ratio of Rajratan Global Wire as of 03-Dec-2024 16:59 is 6.93.

What is the 52-week high and low of Rajratan Global Wire?

The 52-week high of Rajratan Global Wire is ₹830.0 and the 52-week low is ₹490.2.

What is the TTM revenue of Rajratan Global Wire?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajratan Global Wire is ₹570.4 ( 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 â€“ 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 â€œstate of artâ€ 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:-