Rajratan Global Wire Limited (IN:RAJRATAN)
:RAJRATAN
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Rajratan Global Wire Limited
(RAJRATAN)
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Rating:58Neutral
Price Target:
₹433.00
▼(-6.74% Downside)
Action:Reiterated
Date:04/23/26
The score is held back mainly by weak cash conversion and negative free cash flow despite solid revenue growth and ongoing profitability. Technicals are moderately supportive (positive MACD and price above key short-term averages), while valuation is only fair with a low dividend yield.
Positive Factors
Demand-driven revenue growth
Sustained, material revenue growth (noted acceleration in FY2026) indicates durable demand from tyre and industrial customers. Over 2–6 months this supports scale economics, improved plant utilization and stronger bargaining power with suppliers, underpinning medium-term cash generation potential.
Negative Factors
Persistent negative free cash flow
Chronically negative free cash flow forces reliance on external funding or balance-sheet adjustments to support operations and growth. Over months this undermines sustainable capital allocation, limits organic investment capacity, and raises financing risk if markets or credit conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Demand-driven revenue growth
Sustained, material revenue growth (noted acceleration in FY2026) indicates durable demand from tyre and industrial customers. Over 2–6 months this supports scale economics, improved plant utilization and stronger bargaining power with suppliers, underpinning medium-term cash generation potential.
Read all positive factors
Rajratan Global Wire Limited (RAJRATAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.82B
Dividend Yield0.42%
Average Volume (3M)9.34K
Price to Earnings (P/E)27.1
Beta (1Y)1.39
Revenue Growth23.66%
EPS Growth19.36%
CountryIN
Employees647
SectorConsumer Cyclical
Sector Strength84
IndustrySteel
Share Statistics
EPS (TTM)11.53
Shares Outstanding50,771,000
10 Day Avg. Volume6,031
30 Day Avg. Volume9,341
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)20.58
Revenue Forecast (FY)₹13.41B
Rajratan Global Wire Limited Business Overview & Revenue Model
Company Description
Rajratan Global Wire Limited manufactures and sells tire bead wires in India and Thailand. The company also offers high carbon steel wires that are used in mechanical springs, high performance springs, beddings and seating, wire ropes and cables, ...
How the Company Makes Money
RAJRATAN primarily makes money by manufacturing and selling steel wire products, with revenue recognized from the sale of finished wire (notably bead wire used to reinforce tyre beads) to business customers (B2B), especially tyre manufacturers. It...
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 | 10.10B | 11.56B | 9.35B | 8.90B | 8.95B | 8.93B |
| Gross Profit | 3.80B | 3.70B | 3.46B | 1.50B | 1.87B | 3.37B |
| EBITDA | 1.34B | 1.40B | 1.29B | 1.31B | 1.63B | 1.81B |
| Net Income | 585.90M | 701.10M | 588.00M | 718.30M | 1.00B | 1.24B |
Balance Sheet | ||||||
| Total Assets | 11.07B | 11.59B | 9.60B | 8.26B | 7.39B | 6.17B |
| Cash, Cash Equivalents and Short-Term Investments | 362.50M | 370.90M | 266.00M | 150.90M | 146.50M | 8.20M |
| Total Debt | 3.73B | 3.24B | 2.37B | 1.91B | 1.71B | 1.37B |
| Total Liabilities | 5.04B | 5.09B | 4.01B | 3.34B | 3.00B | 2.76B |
| Stockholders Equity | 6.03B | 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
464.30
Price Trends
402.33
Positive
429.54
Negative
405.06
Positive
Market Momentum
-1.47
Positive
46.21
Neutral
22.08
Neutral
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 464.3 is above the 20-day moving average (MA) of 426.64, above the 50-day MA of 402.33, and above the 200-day MA of 405.06, indicating a neutral trend. The MACD of -1.47 indicates Positive momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 22.08 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹141.83B | 20.18 | ― | 0.65% | 6.24% | 14.40% | |
70 Outperform | ₹53.46B | 18.80 | ― | 2.03% | 2.07% | -0.98% | |
67 Neutral | ₹15.01B | 14.91 | ― | ― | -4.65% | -0.30% | |
62 Neutral | ₹68.17B | 20.39 | ― | 0.28% | 6.72% | 30.63% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹49.53B | 22.85 | ― | ― | 18.61% | 2.85% | |
58 Neutral | ₹20.82B | 27.13 | ― | 0.42% | 23.66% | 19.36% |
* Consumer Cyclical Sector Average
IN:RAJRATAN
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Rajratan Global Wire Limited Corporate Events
Rajratan Global Wire Posts Q4 FY26 Conference Call Audio Online
Apr 22, 2026
Rajratan Global Wire Limited has notified the stock exchanges that an audio recording of its conference call held on April 22, 2026, has been uploaded to the company’s website. The disclosure, made under SEBI’s Listing Obligations and ...
Rajratan Global Wire Submits Q4 FY26 Investor Presentation to Stock Exchanges
Apr 21, 2026
Rajratan Global Wire Limited has submitted an investor presentation for the fourth quarter of FY 2025-26 to the BSE and NSE, requesting that the exchanges update the material on their websites. This indicates ongoing efforts to maintain transparen...
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.