Stock Analysis
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- NSEI:RAJRATAN
Rajratan Global Wire Full Year 2024 Earnings: Misses Expectations
Rajratan Global Wire (NSE:RAJRATAN) Full Year 2024 Results
Key Financial Results
- Revenue: ₹8.94b (flat on FY 2023).
- Net income: ₹718.3m (down 28% from FY 2023).
- Profit margin: 8.0% (down from 11% in FY 2023).
- EPS: ₹14.15 (down from ₹19.71 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rajratan Global Wire Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.4%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Metals and Mining industry in India.
Performance of the Indian Metals and Mining industry.
The company's shares are down 5.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Rajratan Global Wire that you need to take into consideration.
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About NSEI:RAJRATAN
Rajratan Global Wire
Rajratan Global Wire Limited engages in manufacturing and sale of tyre bead wires in India and Thailand.
Exceptional growth potential with flawless balance sheet and pays a dividend.