Rajratan Global Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 1 Jun 2026 | Auto Components | Market Cap: ₹2.6K Cr
Rajratan Global Wire Limited plans 15-20% volume growth in FY26 and similar top-line growth (Page 17). Rajratan Global Wire Limited expects a positive turnaround with improved performance and a promising road ahead (Page 24).
From Rajratan Global's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹502
Market Cap
₹2.6K Cr
P/E Ratio
32.9
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Rajratan Global — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹314 Cr, net profit ₹15 Cr.
Full financials →📊 Revenue & Sales Performance
- →Rajratan Global Wire Limited plans 15-20% volume growth in FY26 and similar top-line growth (Page 17).
- →Target to reach around 180,000 to 200,000 tons of sales volume in 3 years (Page 22).
- →Expected top line of around Rs.2,000 crores in 3 years, with realizations rising from Rs.88,000-90,000 per ton to about Rs.1 lakh per ton (Page 22).
- →Export volumes planned around 20,000 tons in current year and 35,000 to 40,000 tons next year, including India and Thailand operations (Page 22).
- →Chennai facility capacity expansion underway to increase sales beyond current limits with additional phased CAPEX of Rs.20-25 crores to reach 60,000 tons capacity (Page 8).
- →Entry into wire rope business with expectation to add 10,000 tons capacity contributing to volume growth (Page 15, 22).
- →Export target of approx. 40,000 tons by FY27, with new markets including Latin America and potential future evaluations in Japan (Pages 4, 15, 22).
📈 Profitability & Margins
🏗️ Capital Expenditure Plans
- →Rajratan is investing Rs.70 crores in a pilot wire rope plant with 10,000 tons per annum capacity at Pithampur; majority of plant and machinery already procured; further investments planned in coming months (Page 13).
- →Additional CAPEX of Rs.40-50 crores is planned in the coming half for the wire rope business (Page 16).
- →FY27 CAPEX expected to be Rs.15-20 crores mainly for balancing equipment at Chennai and wire rope plant in Indore, plus some de-bottlenecking in Thailand; mostly maintenance CAPEX (Page 16).
- →Chennai Phase-II expansion CAPEX of Rs.20-25 crores to increase capacity to 60,000 tons; orders being placed to complete within a year (Page 8).
- →No new land acquisition needed for Chennai expansion; only new infrastructure, power, electricals, material handling are required (Page 14).
- →Wire rope facility investment is a strategic pilot project aimed at global market with potential to scale after 2-3 years (Pages 13, 23).
💰 Fundraising & Capital Structure
- →No explicit mention of new fundraising through debt or equity in the call transcript.
- →CAPEX plans include:
- → - Rs.70 crores total investment for wire rope project at Pithampur, mostly plant and machinery, no new land purchase.
- → - Around Rs.40-50 crores more CAPEX planned in coming half year (FY26) related to wire rope business.
- → - FY27 expected CAPEX limited to Rs.15-25 crores, mostly balancing equipment and de-bottlenecking, categorized as maintenance CAPEX.
- →The company appears to be funding expansions and maintenance from internal accruals or existing resources.
- →No discussion on new equity issuance or debt raising for these purposes during the call.
📋 Order Book & Pipeline
- →The transcript does not explicitly mention the current or expected order book or pending orders for Rajratan Global Wire Limited.
- →However, it indicates strong demand and growing volumes, especially from premium multinational customers in Thailand and Europe.
- →For example, one Japanese MNC in Europe purchases about 3,000-4,000 tons monthly, with Rajratan currently supplying 5-8% of that.
- →The company is experiencing volume growth from clients near the Chennai facility, increasing business by 10-20% with key customers.
- →Discussions on long-term contracts with premium customers for 2025 and 2026 are ongoing, indicating good visibility on future orders.
- →The management is confident about a capacity expansion and robust sales plan, implying an optimistic order outlook.
- →Export orders are increasing, with approvals in place contributing to growth, especially in the US and global markets.
Key Metrics
Frequently Asked Questions
What were Rajratan Global Q2 FY26 results?
Rajratan Global Wire Limited plans 15-20% volume growth in FY26 and similar top-line growth (Page 17). Rajratan Global Wire Limited expects a positive turnaround with improved performance and a promising road ahead (Page 24).
What is Rajratan Global share price analysis?
Rajratan Global currently shows a neutral. The stock trades at a P/E of 32.9 with a market cap of ₹2,619 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rajratan Global planning capital expenditure?
Rajratan is investing Rs.70 crores in a pilot wire rope plant with 10,000 tons per annum capacity at Pithampur; majority of plant and machinery already procured; further investments planned in coming months (Page 13).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.