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Rajratan Global Wire Limited
(RAJRATAN)
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Rating:61Neutral
Price Target:
₹478.00
▼(-2.00% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak cash generation (persistently negative free cash flow) and some profitability/ROE cooling despite revenue growth. Technicals are a meaningful offset with a strong uptrend and positive momentum, while valuation remains a modest headwind given the higher P/E and low dividend yield.
Positive Factors
Revenue Growth
Strong revenue expansion indicates growing demand for the company’s steel wire products and supports better utilization of its manufacturing base. If sustained, this scale can strengthen customer relationships, improve operating leverage, and provide a durable foundation for future earnings growth.
Negative Factors
Negative Free Cash Flow
Persistently negative free cash flow weakens the quality of reported earnings and may require greater reliance on funding or balance-sheet capacity to support expansion. Low cash conversion also reduces flexibility to absorb operating pressures, invest in capacity, or return capital over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue expansion indicates growing demand for the company’s steel wire products and supports better utilization of its manufacturing base. If sustained, this scale can strengthen customer relationships, improve operating leverage, and provide a durable foundation for future earnings growth.
Read all positive factors
Rajratan Global Wire Limited (RAJRATAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.35B
Dividend Yield0.44%
Average Volume (3M)6.10K
Price to Earnings (P/E)28.8
Beta (1Y)1.40
Revenue Growth27.74%
EPS Growth39.48%
CountryIN
Employees737
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)15.69
Shares Outstanding50,771,000
10 Day Avg. Volume8,142
30 Day Avg. Volume6,096
Financial Highlights & Ratios
PEG Ratio1.24
Price to Book (P/B)2.57
Price to Sales (P/S)1.45
P/FCF Ratio-24.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23.3
Revenue Forecast (FY)₹13.67B
Rajratan Global Wire Limited Business Overview & Revenue Model
Company Description
Rajratan Global Wire Limited specializes in the production and distribution of tire bead wires throughout India and Thailand. The company also furnishes high-carbon steel wires, which find application in a broad spectrum of industries, encompassin...
How the Company Makes Money
RAJRATAN makes money mainly by manufacturing and selling steel tyre bead wire (and related steel wire products) to customers, primarily tyre manufacturers. Revenue is generated on a per-order/per-tonne basis through supply contracts or purchase or...
Rajratan Global Wire Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.28B | 11.56B | 9.35B | 8.90B | 8.95B | 8.93B |
| Gross Profit | 4.18B | 3.70B | 3.46B | 1.50B | 1.87B | 3.37B |
| EBITDA | 1.59B | 1.40B | 1.29B | 1.31B | 1.63B | 1.81B |
| Net Income | 796.30M | 701.10M | 588.00M | 718.30M | 1.00B | 1.24B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.59B | 9.60B | 8.26B | 7.39B | 6.17B |
| Cash, Cash Equivalents and Short-Term Investments | 225.10M | 370.90M | 266.00M | 150.90M | 146.50M | 8.20M |
| Total Debt | 0.00 | 3.24B | 2.37B | 1.91B | 1.71B | 1.37B |
| Total Liabilities | -6.50B | 5.09B | 4.01B | 3.34B | 3.00B | 2.76B |
| Stockholders Equity | 6.50B | 6.50B | 5.59B | 4.93B | 4.39B | 3.41B |
Cash Flow | ||||||
| Free Cash Flow | -939.10M | -684.90M | -23.70M | -148.40M | -43.50M | 318.30M |
| Operating Cash Flow | -498.50M | 475.30M | 570.60M | 1.07B | 1.62B | 1.19B |
| Investing Cash Flow | -478.90M | -1.13B | -567.40M | -969.50M | -1.69B | -930.90M |
| Financing Cash Flow | 1.10B | 781.60M | 80.80M | -96.90M | 98.40M | -279.50M |
Rajratan Global Wire Limited Technical Analysis
Negative
487.75
Price Trends
498.74
Negative
466.77
Negative
448.93
Positive
Market Momentum
-9.30
Positive
36.77
Neutral
10.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAJRATAN, the sentiment is Negative. The current price of 487.75 is below the 20-day moving average (MA) of 490.25, below the 50-day MA of 498.74, and above the 200-day MA of 448.93, indicating a neutral trend. The MACD of -9.30 indicates Positive momentum. The RSI at 36.77 is Neutral, neither overbought nor oversold. The STOCH value of 10.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAJRATAN.
Rajratan Global Wire Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹151.20B | 30.46 | ― | 0.74% | 8.54% | 25.42% | |
66 Neutral | ₹45.70B | 14.71 | ― | 2.38% | 11.69% | 8.23% | |
61 Neutral | ₹22.35B | 28.85 | ― | 0.44% | 27.74% | 39.48% | |
61 Neutral | ₹49.02B | 34.21 | ― | ― | 20.92% | -10.44% | |
59 Neutral | ₹11.81B | 17.18 | ― | ― | -7.69% | -1.46% | |
58 Neutral | ₹61.93B | 30.19 | ― | 0.29% | 9.35% | 4.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:RAJRATAN
Rajratan Global Wire Limited
453.50
105.05
30.15%
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Rajratan Global Wire Limited Corporate Events
Rajratan Global Wire Sets July 17, 2026 Record Date for Dividend and AGM
Jul 10, 2026
Rajratan Global Wire Limited has notified stock exchanges that the record date for determining shareholders eligible for its dividend and participation in the upcoming Annual General Meeting is set for July 17, 2026. This date applies to its equit...
Rajratan Global Wire Sets Virtual 38th AGM for July 24, 2026
Jul 2, 2026
Rajratan Global Wire Limited has scheduled its 38th Annual General Meeting for July 24, 2026, at 3:00 p.m. IST, to be conducted via video conference and other audio-visual means in line with circulars issued by the Ministry of Corporate Affairs an...
Rajratan Global Wire Files FY26 Sustainability Report with Exchanges
Jul 2, 2026
Rajratan Global Wire Limited, a listed industrial wire manufacturer serving tyre and automotive markets in India and abroad, continues to build its presence as a regulated public company on the BSE and NSE. The company sells specialised wire produ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.