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5175

Rajratan Global Wire BSE:517522 Stock Report

Last Price

₹1.20k

Market Cap

₹60.7b

7D

-4.8%

1Y

198.7%

Updated

28 Sep, 2022

Data

Company Financials +
517522 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance6/6
Financial Health6/6
Dividends3/6

517522 Stock Overview

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

Rajratan Global Wire Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rajratan Global Wire
Historical stock prices
Current Share Price₹1,195.75
52 Week High₹1,409.05
52 Week Low₹381.20
Beta0.34
1 Month Change6.51%
3 Month Change68.10%
1 Year Change198.72%
3 Year Change1,655.36%
5 Year Change2,319.64%
Change since IPO121,208.01%

Recent News & Updates

Shareholder Returns

517522IN Metals and MiningIN Market
7D-4.8%-7.9%-4.4%
1Y198.7%-13.6%-1.9%

Return vs Industry: 517522 exceeded the Indian Metals and Mining industry which returned -10.3% over the past year.

Return vs Market: 517522 exceeded the Indian Market which returned -1.2% over the past year.

Price Volatility

Is 517522's price volatile compared to industry and market?
517522 volatility
517522 Average Weekly Movement8.2%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 517522 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 517522's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1988425Sunil Chordiahttps://www.rajratan.co.in

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, conveyor belts, automotive cables, steel fibers, and cut wire shots for shot blasting and pinning applications. Its tire bead wires are used in various kinds of automobile tires, tires of earth moving equipment, and aircraft.

Rajratan Global Wire Fundamentals Summary

How do Rajratan Global Wire's earnings and revenue compare to its market cap?
517522 fundamental statistics
Market Cap₹60.71b
Earnings (TTM)₹1.37b
Revenue (TTM)₹9.62b

44.3x

P/E Ratio

6.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
517522 income statement (TTM)
Revenue₹9.62b
Cost of Revenue₹5.84b
Gross Profit₹3.78b
Other Expenses₹2.41b
Earnings₹1.37b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)26.97
Gross Margin39.31%
Net Profit Margin14.24%
Debt/Equity Ratio40.1%

How did 517522 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 517522 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 517522?

Other financial metrics that can be useful for relative valuation.

517522 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.5x
Enterprise Value/EBITDA31.4x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does 517522's PE Ratio compare to its peers?

517522 PE Ratio vs Peers
The above table shows the PE ratio for 517522 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.1x
539597 Jindal Stainless (Hisar)
3x-34.0%₹56.4b
532508 Jindal Stainless
3.4x0.4%₹64.2b
500265 Maharashtra Seamless
11.3x23.4%₹49.5b
532734 Godawari Power & Ispat
2.8xn/a₹38.6b
517522 Rajratan Global Wire
44.3x26.8%₹60.7b

Price-To-Earnings vs Peers: 517522 is expensive based on its Price-To-Earnings Ratio (44.3x) compared to the peer average (5.1x).


Price to Earnings Ratio vs Industry

How does 517522's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

Price-To-Earnings vs Industry: 517522 is expensive based on its Price-To-Earnings Ratio (44.3x) compared to the Indian Metals and Mining industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is 517522's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

517522 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.3x
Fair PE Ratio25.7x

Price-To-Earnings vs Fair Ratio: 517522 is expensive based on its Price-To-Earnings Ratio (44.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).


Share Price vs Fair Value

What is the Fair Price of 517522 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 517522 (₹1195.75) is trading above our estimate of fair value (₹683.05)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 517522's forecast earnings growth (26.8% per year) is above the savings rate (6.8%).

Earnings vs Market: 517522's earnings (26.8% per year) are forecast to grow faster than the Indian market (18.5% per year).

High Growth Earnings: 517522's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 517522's revenue (20% per year) is forecast to grow faster than the Indian market (10.4% per year).

High Growth Revenue: 517522's revenue (20% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 517522's Return on Equity is forecast to be high in 3 years time (35.6%)


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Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


43.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 517522 has high quality earnings.

Growing Profit Margin: 517522's current net profit margins (14.2%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: 517522's earnings have grown significantly by 43.5% per year over the past 5 years.

Accelerating Growth: 517522's earnings growth over the past year (86.6%) exceeds its 5-year average (43.5% per year).

Earnings vs Industry: 517522 earnings growth over the past year (86.6%) exceeded the Metals and Mining industry 28.8%.


Return on Equity

High ROE: 517522's Return on Equity (40.2%) is considered outstanding.


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Financial Health

How is Rajratan Global Wire's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 517522's short term assets (₹2.8B) exceed its short term liabilities (₹2.1B).

Long Term Liabilities: 517522's short term assets (₹2.8B) exceed its long term liabilities (₹636.3M).


Debt to Equity History and Analysis

Debt Level: 517522's net debt to equity ratio (39.9%) is considered satisfactory.

Reducing Debt: 517522's debt to equity ratio has reduced from 110.6% to 40.1% over the past 5 years.

Debt Coverage: 517522's debt is well covered by operating cash flow (87.2%).

Interest Coverage: 517522's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.17%

Current Dividend Yield

Dividend Yield vs Market

Rajratan Global Wire Dividend Yield vs Market
How does Rajratan Global Wire dividend yield compare to the market?
SegmentDividend Yield
Company (Rajratan Global Wire)0.2%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Metals and Mining)6.5%
Analyst forecast in 3 Years (Rajratan Global Wire)0.6%

Notable Dividend: 517522's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 517522's dividend (0.17%) is low compared to the top 25% of dividend payers in the Indian market (1.64%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.4%), 517522's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.9%), 517522's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.2yrs

Average board tenure


CEO

Sunil Chordia (59 yo)

34yrs

Tenure

₹12,540,000

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

Sunil Chordia's Compensation vs Rajratan Global Wire Earnings
How has Sunil Chordia's remuneration changed compared to Rajratan Global Wire's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹1b

Mar 31 2022₹13m₹13m

₹1b

Dec 31 2021n/an/a

₹1b

Sep 30 2021n/an/a

₹925m

Jun 30 2021n/an/a

₹734m

Mar 31 2021₹10m₹10m

₹531m

Dec 31 2020n/an/a

₹360m

Sep 30 2020n/an/a

₹287m

Jun 30 2020n/an/a

₹248m

Mar 31 2020₹10m₹10m

₹331m

Dec 31 2019n/an/a

₹348m

Sep 30 2019n/an/a

₹319m

Jun 30 2019n/an/a

₹281m

Mar 31 2019₹8m₹7m

₹267m

Dec 31 2018n/an/a

₹247m

Sep 30 2018n/an/a

₹221m

Jun 30 2018n/an/a

₹220m

Mar 31 2018₹8m₹7m

₹171m

Dec 31 2017n/an/a

₹190m

Sep 30 2017n/an/a

₹197m

Jun 30 2017n/an/a

₹184m

Mar 31 2017₹7m₹7m

₹189m

Dec 31 2016n/an/a

₹218m

Sep 30 2016n/an/a

₹230m

Jun 30 2016n/an/a

₹218m

Mar 31 2016₹7m₹6m

₹165m

Compensation vs Market: Sunil's total compensation ($USD153.57K) is below average for companies of similar size in the Indian market ($USD385.75K).

Compensation vs Earnings: Sunil's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: 517522's board of directors are considered experienced (3.2 years average tenure).


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

What is the ownership structure of 517522?
Owner TypeNumber of SharesOwnership Percentage
State or Government264,8900.5%
Institutions4,074,1398.0%
Individual Insiders9,976,82219.7%
General Public10,198,40420.1%
Private Companies26,256,74551.7%

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


Top Shareholders

Top 17 shareholders own 79.91% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.44%
Rajratan Investments Ltd
9,361,125₹11.2b0%no data
13.11%
Sangita Sunil Chordia Family Trust
6,655,050₹8.0b0%no data
11.28%
Sunil Chordia Family Trust
5,727,855₹6.8b0%no data
8.89%
Rajratan Resources Pvt Ltd
4,512,715₹5.4b0%no data
7.76%
SBI Funds Management Limited
3,939,839₹4.7b-1.72%0.11%
6.32%
Yashovardhan Chordia
3,209,165₹3.8b0%no data
4.14%
Sunil Chandanmal
2,100,000₹2.5b0%no data
3.07%
Karthilk Sundar
1,559,712₹1.9b-0.32%no data
1.5%
Shubhika Chordia
760,665₹909.6m0%no data
1.19%
D. Srimathi
601,800₹719.6m0%no data
1.07%
Krishan Mohta
545,380₹652.1m-3.99%no data
1.03%
Chandrakant Nagar
525,000₹627.8m0%no data
1%
Sunil Chordia
505,940₹605.0m0%no data
0.52%
Investor Education and Protection Fund (IEPF)
264,890₹316.7m0%no data
0.26%
BOI AXA Investment Managers Private Limited
134,300₹160.6m-2.78%0.74%
0.23%
Sangita Chordia
116,660₹139.5m0%no data
0.1%
Mohini Chordia
52,500₹62.8m0%no data

Company Information

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


Key Information

  • Name: Rajratan Global Wire Limited
  • Ticker: 517522
  • Exchange: BSE
  • Founded: 1988
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹60.709b
  • Shares outstanding: 50.77m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517522BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001
RAJRATANNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.