Arthneeti

Rajratan Global Wire Q2 FY27 Share Price & Earnings Call Analysis

₹421.00+4.53% today
Market cap
₹2,139 Cr
P/E
26.86
ROE
11.51%
PEG
-2.35
Price to sales
1.74
Debt to equity
0.50
52W high / low
₹540 / ₹330
Sales growth (5Y)
16.17%
EBITDA margin
12.27%
Net profit margin
6.02%
Promoter holding
65.20%
Sales (last year)
₹1,228 Cr

The Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering. [1]

Guidance scorecard · Q2 FY27 call

What Rajratan Global Wire Ltd's management guided
and where it ranks in Auto Components

#62of 66 in
Auto Components
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY27 call

10–20%
  • Rajratan Global Wire expects 15%-20% year-on-year volume growth for the next 10-15 quarters, driven by Thailand, Chennai, and Indore operations.
  • Consolidated volume target for FY27 is about 160,000 tons versus 133,000 tons last year.
  • India domestic bead wire volume growth is limited to ~10%-12% due to tire capacity constraints and high market share.
  • India exports grew from 1,000-2,000 tons historically to 9,000 tons in FY26 and expected to grow ~40% to 14,000-16,000 tons this year.
  • Thailand capacity expansion of 50,000 tons planned, with expected 10%-15% local growth; exports from Thailand totaled 8,500 tons in H1 FY27.

2 more points from Rajratan Global Wire Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Rajratan Global Wire Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • INR 70 crores capex done for steel cord project (Pithampur), capitalization expected end of current quarter after trial completion; full-scale production next financial year.
  • Chennai plant capacity expansion ongoing: current rated capacity 40,000 tons, targeting 60,000 tons in coming years; incremental capex ~INR 30-35 crores to scale from 30,000 to 60,000 tons.
  • Thailand Brownfield expansion planned with capex of around INR 100 crores (INR 125 crores including prior spend); funded through internal accruals and low-interest loans; capacity to start FY29, with one year implementation and two years for full utilization.
  • Additional 60,000 tons potential expansion in Chennai within 2 years based on demand, subject to market conditions and ROI.

2 more points from Rajratan Global Wire Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what Rajratan Global Wire Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising

Ask what Rajratan Global Wire Ltd said on the order book →

Full Q2 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Rajratan Global Wire Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

Sign up free to see every company in the sector ranking and track Rajratan Global Wire Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Rajratan Global Wire Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Rajratan Global Wire Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +65.10%65.13%65.13%65.13%65.13%65.13%65.13%65.13%65.13%65.20%65.20%65.20%
FIIs +0.73%0.87%0.29%0.27%0.16%0.21%0.14%0.57%0.50%0.57%0.83%1.33%
DIIs +8.69%7.97%8.19%8.25%8.21%8.19%8.26%8.29%8.27%8.30%8.35%7.71%
Public +25.48%26.02%26.37%26.34%26.49%26.47%26.47%26.01%26.09%25.92%25.62%25.76%
No. of Shareholders73,91374,02273,22169,57868,77866,29265,75065,10165,54764,16862,56460,887

Financials of Rajratan Global Wire Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +214233240220245218251247294302314318371
Expenses +180198205191207192218216254261286277325
Operating Profit34343430382633314040294246
OPM %16%15%14%13%15%12%13%13%14%13%9%13%12%
Other Income +1-011001111331
Interest5545887787677
Depreciation4555666777888
Profit before tax26242620251220182727183032
Tax %25%20%23%25%23%25%24%24%23%23%13%24%24%
Net Profit +1920201519915142121152324
EPS in Rs3.843.883.993.003.751.832.992.664.054.083.044.524.75

Financials of Rajratan Global Wire Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2742832833454934805478938958909351,1561,305
Expenses +2492412423114404124547117337638081,0171,149
Operating Profit25424133526892182162128127140156
OPM %9%15%14%10%11%14%17%20%18%14%14%12%12%
Other Income +1127212233267
Interest1415119111313151720282828
Depreciation777891214161818232830
Profit before tax5212523344466153130947789106
Tax %65%23%26%27%22%24%20%19%23%23%24%21%
Net Profit +216191727335312410072597083
EPS in Rs0.363.243.713.365.256.5110.4624.4919.7214.1511.5813.8116.39
Dividend Payout %24%3%3%4%3%6%15%8%10%14%17%14%

Financials of Rajratan Global Wire Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital444441010101010101010
Reserves476392111138163216331429482549640676
Borrowings +122999497137146142137171191237324414
Other Liabilities +47394147535970139128143163185184
Total Liabilities2212042322593333784396177398269601,1591,284
Fixed Assets +103100115129168229242281325364532619649
CWIP162632109301401917288115
Investments0000000000012
Other Assets +11799114124132139188306274271355450518
Total Assets2212042322593333784396177398269601,1591,284

Financials of Rajratan Global Wire Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +203432394851391191621075775
Cash from Investing Activity +-4-8-15-18-71-45-27-93-169-97-57-113
Cash from Financing Activity +-12-28-17-1822-6-10-2810-10850
Net Cash Flow4-3-03-2-03-220811
Free Cash Flow16251718-2461232-4-13-1-30
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit96%91%87%129%102%87%56%79%119%102%55%62%

Financials of Rajratan Global Wire Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days817585765364787456637181
Inventory Days796675595051555657456854
Days Payable685970614050537963688172
Cash Conversion Cycle928289746365805050405962
Working Capital Days-36-27-16-18-14-4222615152212
ROCE %11%21%20%15%18%19%23%40%27%18%14%13%

Guidance history

How Rajratan Global Wire Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlannedPlannedRising
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q2 FY26 call →10–20%FlatPlanned——
Q4 FY25 call →10–20%Up 0–2%PlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+4.0%64%
Last 6 months−8.1%42%
Last 3 months−19.3%20%

The price is 68.9% below its all-time high of ₹1,294.35 (16 Sept 2022). Stocks more than 20% below their peak have their score halved, so 46 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Rajratan Global Wire Ltd: 0.4 × 64 + 0.4 × 42 + 0.2 × 20 = 46, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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