company background image

Rajratan Global Wire BSE:517522 Stock Report

Last Price


Market Cap







28 Sep, 2022


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

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
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

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

1988425Sunil Chordia

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


P/E Ratio


P/S Ratio

Earnings & Revenue

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

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


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



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


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

Valuation Score


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)
532508 Jindal Stainless
500265 Maharashtra Seamless
532734 Godawari Power & Ispat
517522 Rajratan Global Wire

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.

Discover undervalued companies

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


Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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%)

Discover growth companies

Past Performance

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

Past Performance Score


Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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.

Discover strong past performing companies

Financial Health

How is Rajratan Global Wire's financial position?

Financial Health Score


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

Discover healthy companies


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

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


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


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


Average board tenure


Sunil Chordia (59 yo)





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


Mar 31 2022₹13m₹13m


Dec 31 2021n/an/a


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021₹10m₹10m


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020₹10m₹10m


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019₹8m₹7m


Dec 31 2018n/an/a


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018₹8m₹7m


Dec 31 2017n/an/a


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017₹7m₹7m


Dec 31 2016n/an/a


Sep 30 2016n/an/a


Jun 30 2016n/an/a


Mar 31 2016₹7m₹6m


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).


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%
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 %
Rajratan Investments Ltd
9,361,125₹11.2b0%no data
Sangita Sunil Chordia Family Trust
6,655,050₹8.0b0%no data
Sunil Chordia Family Trust
5,727,855₹6.8b0%no data
Rajratan Resources Pvt Ltd
4,512,715₹5.4b0%no data
SBI Funds Management Limited
Yashovardhan Chordia
3,209,165₹3.8b0%no data
Sunil Chandanmal
2,100,000₹2.5b0%no data
Karthilk Sundar
1,559,712₹1.9b-0.32%no data
Shubhika Chordia
760,665₹909.6m0%no data
D. Srimathi
601,800₹719.6m0%no data
Krishan Mohta
545,380₹652.1m-3.99%no data
Chandrakant Nagar
525,000₹627.8m0%no data
Sunil Chordia
505,940₹605.0m0%no data
Investor Education and Protection Fund (IEPF)
264,890₹316.7m0%no data
BOI AXA Investment Managers Private Limited
Sangita Chordia
116,660₹139.5m0%no data
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:

Number of Employees


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


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
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.