Rajratan Global Wire
Market Cap
₹4.3b
Last Updated
2020/12/05 12:11 UTC
Data Sources
Company Financials
Executive Summary
Rajratan Global Wire Limited manufactures and sells tire bead wires in India and Thailand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with acceptable track record.
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 +/- 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.
Market Performance
7 Day Return
4.4%
517522
7.6%
IN Metals and Mining
3.0%
IN Market
1 Year Return
46.5%
517522
27.7%
IN Metals and Mining
13.5%
IN Market
Return vs Industry: 517522 exceeded the Indian Metals and Mining industry which returned 27.7% over the past year.
Return vs Market: 517522 exceeded the Indian Market which returned 13.5% over the past year.
Shareholder returns
| 517522 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 7.6% | 3.0% |
| 30 Day | 26.7% | 27.8% | 12.9% |
| 90 Day | 34.9% | 23.0% | 16.1% |
| 1 Year | 47.5%46.5% | 36.0%27.7% | 15.6%13.5% |
| 3 Year | 51.1%49.4% | -6.2%-17.6% | 10.0%4.6% |
| 5 Year | 415.2%406.1% | 141.8%97.5% | 65.2%52.7% |
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?
14.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 517522 (₹422.95) is trading above our estimate of fair value (₹15.86)
Significantly Below Fair Value: 517522 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 517522's PE Ratio (15x) is in line with the IN Metals and Mining industry average.
PE vs Market: 517522 is good value based on its PE Ratio (15x) compared to the Indian market (17.5x).
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 (2.3x) compared to the IN Metals and Mining industry average (1x).
Next Steps
Future Growth
How is Rajratan Global Wire forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
36.6%
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.
Next Steps
- Examine Rajratan Global Wire's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Rajratan Global Wire competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Rajratan Global Wire performed over the past 5 years?
12.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 517522 has high quality earnings.
Growing Profit Margin: 517522's current net profit margins (6.6%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: 517522's earnings have grown by 12.5% per year over the past 5 years.
Accelerating Growth: 517522's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 517522 had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-22.9%).
Return on Equity
High ROE: 517522's Return on Equity (15.2%) is considered low.
Next Steps
Financial Health
How is Rajratan Global Wire's financial position?
Financial Position Analysis
Short Term Liabilities: 517522's short term assets (₹1.5B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 517522's short term assets (₹1.5B) exceed its long term liabilities (₹611.3M).
Debt to Equity History and Analysis
Debt Level: 517522's debt to equity ratio (81.5%) is considered high.
Reducing Debt: 517522's debt to equity ratio has reduced from 184.9% to 81.5% over the past 5 years.
Debt Coverage: 517522's debt is well covered by operating cash flow (20.1%).
Interest Coverage: 517522's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Next Steps
Dividend
What is Rajratan Global Wire current dividend yield, its reliability and sustainability?
0.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 517522's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.5%).
High Dividend: 517522's dividend (0.47%) is low compared to the top 25% of dividend payers in the Indian market (2.02%).
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: Unable to calculate sustainability of dividends as 517522 has not reported any payouts.
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?
1.4yrs
Average board tenure
CEO
Sunil Chordia (57 yo)
no data
Tenure
₹10,136,000
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 ($USD137.40K) is above average for companies of similar size in the Indian market ($USD48.77K).
Compensation vs Earnings: Sunil's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹10.14m | 0.79% ₹ 34.1m | |
| Non-Executive & Independent Director | 17.42yrs | ₹125.00k | no data | |
| Non-Executive Director | 15.5yrs | ₹55.00k | no data | |
| Non-Executive Director | 1.42yrs | ₹5.33m | 6.16% ₹ 264.5m | |
| Executive Director - Rajratan Thai Wire Co. | no data | no data | 0.10% ₹ 4.4m | |
| Non-Executive & Independent Director | 1.42yrs | ₹60.00k | no data | |
| Non-Executive & Independent Director | 1.42yrs | ₹90.00k | no data |
1.4yrs
Average Tenure
53.5yo
Average Age
Experienced Board: 517522's board of directors are not considered experienced ( 1.4 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.
Recent Insider Transactions
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: ₹4.295b
- Shares outstanding: 10.15m
- Website: https://www.rajratan.co.in
Location
- Rajratan Global Wire Limited
- Rajratan House
- 11/2 Meera Path
- Indore
- Madhya Pradesh
- 452003
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 517522 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2001 |
| RAJRATAN | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2001 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/05 12:11 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.