Rajratan Global Wire Ltd.

RAJRATAN

₹426.0

-2.68% (-11.75)

Market Cap

₹2,223 Cr.

P/E

37.80

About

Rajratan Global Wire (RGWL) is one of the leading manufacturers of high carbon steel wire in India specializing in automotive tyre bead wire, high quality spring & rope wires.

Rajratan Global Wire (RGWL) is one of the leading manufacturers of high carbon steel wire in I… Read more

Low

250

52W Range

High

666

Timeline

Key company specific updates

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Forensics

12 Yes

Positive for this company

1 Neutral

Neutral for this company

4 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Depreciation Effect

Company is depreciating a lower percentage of assets. this is contributing to an increase in net profit
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
ROCE Strength

Roce of the company is consistently strong
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Capex vs ROCE

Roce of the company has decreased even without significant capex
Margin Stability

Margins of the company are volatile

Market Share

45 %

(as of Mar 23)

Source/Historic

Tyre Bead Wire - Market Share

26 %

(as of Mar 23)

Source/Historic

Tyre Bead Wire - Market Share in Thailand

Revenue mix

Segment Break-Up

Location Wise Break-Up

Raw Material Break-Up

Asset Break-Up

Operational Metrics

Manufacturing Capacity - Bead Wire (MTPA)
Source
Quarterly Sales Volume - Wires (Tonnes)
Source

Peer Comparison

Customers

Apollo Tyres Ltd.
Balkrishna Industries Ltd.
Ceat Ltd.
Goodyear India Ltd.
JK Tyre & Industries Ltd.
Kesoram Industries Ltd.
MRF Ltd.
Suprajit Engineering Ltd.
TVS Srichakra Ltd.
Bridgestone
Ascenso Tyres
Camso
Casumina
Chengshan Tires
DEESTONE
Doublecoin
Dunlop
DURO
Eptyres.com
Hartex Rubber Private Ltd.
Hihero Company Ltd..
Indian Roadways Corporation Ltd.
Metro Tyres
Michelin
Nokian tyres Ltd.
Otani Radial Company Ltd.
Prinx Chengshan
Sameer Africa Ltd.
Sentury Tire (Thailand) Co., Ltd.
Sumitomo Rubber industries
Terelleborg
TOYO Tires
Vee Rubber India Private Ltd.
Yokohama
Zhongce Rubber Group Co., Ltd.

Showing 5 of 35

FAQs on Rajratan Global Wire Ltd. Business

What does Rajratan Global Wire do?

Rajratan Global Wire (RGWL) is a prominent manufacturer in India, known for producing high carbon steel wire. They specialize in automotive tyre bead wire, high-quality spring, and rope wires.

Who are the competitors of Rajratan Global Wire?

Rajratan Global Wire major competitors are Sandhar Tech, Kernex Microsystems, India Motor Parts, SJS Enterprises, Automobile Corp.Goa, Munjal Auto Inds, Jay Bharat Maruti.
Market Cap of Rajratan Global Wire is ₹2,223 Crs.
While the median market cap of its peers are ₹1,256 Crs.

Is Rajratan Global Wire financially stable compared to its competitors?

Rajratan Global Wire seems to be less financially stable compared to its competitors.
Altman Z score of Rajratan Global Wire is 6.1 and is ranked 4 out of its 8 competitors.

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