Rajratan Global Wire Limited (RAJRATAN) AI Stock Analysis

3 Followers

Rajratan Global Wire Limited

(NSE:RAJRATAN)

Select Model

Rating:53Neutral

Price Target:INR 428.00▲(2.43% Upside)

Action:reiterated

Date:11/07/26

The score is held back primarily by weak cash generation (persistent negative free cash flow) alongside margin and ROE compression, despite solid revenue growth and a generally manageable balance sheet. Technicals add further caution with the price below key moving averages and a negative MACD. Valuation offers limited support given a 25.82 P/E and a low dividend yield.

Positive Factors

Strong Revenue GrowthMeaningful revenue expansion indicates solid demand for the company’s steel wire products and growing activity across its tyre-related customer base. If sustained, this provides operating scale, supports capacity utilization, and creates a foundation for continued earnings growth over coming quarters.

Negative Factors

Persistent Negative Free Cash FlowPersistent negative free cash flow means reported profits are not translating into sufficient cash generation. This can increase reliance on borrowing or other balance-sheet capacity to fund expansion, restrict financial flexibility, and make growth more dependent on effective working-capital management.

Rajratan Global Wire Limited (RAJRATAN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 21.27B
Dividend Yield: 0.48%
Average Volume (3M): 5,985
Price to Earnings (P/E): 25.6
Beta (1Y): 1.27
Revenue Growth: 29.15%
EPS Growth: 42.04%
Country: India
Employees: 737
Sector: General
Sector Strength: 55
Industry: Steel

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, encompassing m...

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 order...

Rajratan Global Wire Limited Financial Statement Overview

Summary

Income statement strength is tempered by quality concerns: revenue growth is solid (including a strong FY2026), but margins and net income have compressed from earlier peaks. Balance sheet leverage is manageable (debt-to-equity ~0.5) though rising, and ROE has cooled to ~11%. The major drag is cash flow—operating cash flow has weakened and free cash flow is persistently negative, increasing funding reliance.

Income Statement

72Positive

Balance Sheet

68Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	13.05B	11.56B	9.35B	8.90B	8.95B	8.93B
Gross Profit	4.35B	3.70B	3.46B	1.50B	1.87B	3.37B
EBITDA	1.63B	1.40B	1.29B	1.31B	1.63B	1.81B
Net Income	832.20M	701.10M	588.00M	718.30M	1.00B	1.24B
Balance Sheet
Total Assets	12.84B	11.59B	9.60B	8.26B	7.39B	6.17B
Cash, Cash Equivalents and Short-Term Investments	479.70M	370.90M	266.00M	150.90M	146.50M	8.20M
Total Debt	4.14B	3.24B	2.37B	1.91B	1.71B	1.37B
Total Liabilities	5.98B	5.09B	4.01B	3.34B	3.00B	2.76B
Stockholders Equity	6.86B	6.50B	5.59B	4.93B	4.39B	3.41B
Cash Flow
Free Cash Flow	0	-684.90M	-23.70M	-148.40M	-43.50M	318.30M
Operating Cash Flow	0	475.30M	570.60M	1.07B	1.62B	1.19B
Investing Cash Flow	0	-1.13B	-567.40M	-969.50M	-1.69B	-930.90M
Financing Cash Flow	0	781.60M	80.80M	-96.90M	98.40M	-279.50M

Rajratan Global Wire Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price417.85

Price Trends

50DMA449.97Negative

100DMA469.68Negative

200DMA444.10Negative

Market Momentum

MACD-7.70Negative

RSI45.29Neutral

STOCH46.85Neutral

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 417.85 is above the 20-day moving average (MA) of 416.99, below the 50-day MA of 449.97, and below the 200-day MA of 444.10, indicating a neutral trend. The MACD of -7.70 indicates Negative momentum. The RSI at 45.29 is Neutral, neither overbought nor oversold. The STOCH value of 46.85 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RAJRATAN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:USHAMART	78Outperform	INR 147.36B	28.93	―	0.77%	10.64%	30.13%
IN:SURYAROSNI	69Neutral	INR 46.35B	14.78	―	2.35%	15.04%	-4.20%
IN:SUNFLAG	65Neutral	INR 72.11B	35.03	―	0.25%	9.35%	4.58%
IN:BHARATWIRE	62Neutral	INR 10.34B	16.05	―	―	-6.91%	-12.25%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BANSALWIRE	53Neutral	INR 46.27B	29.07	―	―	20.27%	2.82%
IN:RAJRATAN	53Neutral	INR 21.21B	25.55	―	0.48%	29.15%	42.04%

* General Sector Average

Performance Comparison

IN:RAJRATAN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RAJRATAN	Rajratan Global Wire Limited	417.85	-70.63	-14.46%
IN:BANSALWIRE	Bansal Wire Industries Limited	59.11	-3.02	-4.86%
IN:BHARATWIRE	Bharat Wire Ropes Ltd.	150.40	-42.80	-22.15%
IN:SUNFLAG	Sunflag Iron & Steel Co. Ltd.	400.15	144.59	56.58%
IN:SURYAROSNI	Surya Roshni Limited	212.95	-56.78	-21.05%
IN:USHAMART	Usha Martin Limited	483.55	36.80	8.24%

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.

Date of analysis: Nov 07, 2026

Rajratan Global Wire Limited AI Stock Analysis