BSE:517522

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Rajratan Global Wire

Market Cap

₹19.8b

Last Updated

2021/07/27 12:03 UTC

Data Sources

Company Financials

Executive Summary

Rajratan Global Wire Limited manufactures and sells tire bead wires in India and Thailand. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Rajratan Global Wire's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 517522 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 517522's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

21.5%

517522

1.2%

IN Metals and Mining

0.4%

IN Market


1 Year Return

692.8%

517522

161.5%

IN Metals and Mining

54.3%

IN Market

Return vs Industry: 517522 exceeded the Indian Metals and Mining industry which returned 161.5% over the past year.

Return vs Market: 517522 exceeded the Indian Market which returned 54.3% over the past year.


Shareholder returns

517522IndustryMarket
7 Day21.5%1.2%0.4%
30 Day59.0%4.0%1.4%
90 Day98.2%15.9%12.6%
1 Year696.6%692.8%173.4%161.5%56.4%54.3%
3 Year490.3%482.1%90.0%69.8%38.0%31.0%
5 Year998.5%978.2%198.2%146.4%82.7%67.5%

Long-Term Price Volatility Vs. Market

How volatile is Rajratan Global Wire's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rajratan Global Wire undervalued compared to its fair value and its price relative to the market?

28.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 517522 (₹2043.05) is trading above our estimate of fair value (₹94.26)

Significantly Below Fair Value: 517522 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 517522 is poor value based on its PE Ratio (28.2x) compared to the Indian Metals and Mining industry average (15.4x).

PE vs Market: 517522 is poor value based on its PE Ratio (28.2x) compared to the Indian market (24x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 517522's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 517522 is overvalued based on its PB Ratio (9.2x) compared to the IN Metals and Mining industry average (1.5x).


Future Growth

How is Rajratan Global Wire forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.4%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rajratan Global Wire has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Rajratan Global Wire performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 517522 has high quality earnings.

Growing Profit Margin: 517522's current net profit margins (11.1%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: 517522's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: 517522's earnings growth over the past year (195.5%) exceeds its 5-year average (21.8% per year).

Earnings vs Industry: 517522 earnings growth over the past year (195.5%) exceeded the Metals and Mining industry 41.4%.


Return on Equity

High ROE: 517522's Return on Equity (32.4%) is considered high.


Financial Health

How is Rajratan Global Wire's financial position?


Financial Position Analysis

Short Term Liabilities: 517522's short term assets (₹1.8B) exceed its short term liabilities (₹1.4B).

Long Term Liabilities: 517522's short term assets (₹1.8B) exceed its long term liabilities (₹699.1M).


Debt to Equity History and Analysis

Debt Level: 517522's debt to equity ratio (62.8%) is considered high.

Reducing Debt: 517522's debt to equity ratio has reduced from 145.8% to 62.8% over the past 5 years.

Debt Coverage: 517522's debt is well covered by operating cash flow (25.6%).

Interest Coverage: 517522's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet


Dividend

What is Rajratan Global Wire current dividend yield, its reliability and sustainability?

0.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 517522's dividend (0.39%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 517522's dividend (0.39%) is low compared to the top 25% of dividend payers in the Indian market (1.4%).


Stability and Growth of Payments

Stable Dividend: 517522's dividend payments have been volatile in the past 10 years.

Growing Dividend: 517522's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.1%), 517522's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average board tenure


CEO

Sunil Chordia (58 yo)

no data

Tenure

₹10,140,000

Compensation

Mr. Sunil Chordia, BSc., DCMA, MBA, MD has been the Managing Director of Rajratan Global Wire Limited since April 1, 2008 and Chairman since July 22, 2019. Mr. Chordia has 23 years of experience. He has be...


CEO Compensation Analysis

Compensation vs Market: Sunil's total compensation ($USD136.38K) is below average for companies of similar size in the Indian market ($USD213.60K).

Compensation vs Earnings: Sunil's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 517522's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rajratan Global Wire Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rajratan Global Wire Limited
  • Ticker: 517522
  • Exchange: BSE
  • Founded: 1988
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹19.758b
  • Shares outstanding: 10.15m
  • Website: https://www.rajratan.co.in

Number of Employees


Location

  • Rajratan Global Wire Limited
  • Rajratan House
  • 11/2 Meera Path
  • Indore
  • Madhya Pradesh
  • 452003
  • India

Listings


Biography

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, mat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 12:03
End of Day Share Price2021/07/27 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.