Rajratan Global Wire Ltd share price logo

Rajratan Global Wire Ltd (RAJRATAN)

₹557.351.77%

bell
Get free price alerts. Set up your Free investment account to get Live Prices.
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Rajratan Global Wire Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 65.10% to 65.14% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 12.43 Cr → 20.24 Cr (in ₹), with an average increase of 13.3% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.73% to 0.87% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 25.49% to 26.02% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 205.15 Cr → 240.57 Cr (in ₹), with an average increase of 5.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 170.8% return, outperforming this stock by 49.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 105.5% return, outperforming this stock by 136.5%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 8.28% to 7.59% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, RAJRATAN stock has moved down by -28.2%

Performance

  • Day's Low

    Day's High

    ₹554.85
    ₹571.9
  • 52 Week's Low

    52 Week's High

    ₹501
    ₹882
1 Month Return-2.48 %
3 Month Return-4.45 %
1 Year Return-30.98 %
Previous Close₹567.40
Open₹571.90
Volume30.32K
Upper Circuit-
Lower Circuit-
Market Cap₹2,880.75Cr

Analyst Rating

based on 4 analysts

BUY
50.00%
Buy
50.00%
Hold
0.00%
Sell

Based on 4 analysts offering long term price targets for Rajratan Global Wire Ltd. An average target of ₹772

Source: S&P Global Market Intelligence

Company Information

Rajratan Global Wire Company Limited (RGWL) along with its fully owned subsidiary M/s Rajratan Thai Wire Company Limited, is a prominent business engaged in the manufacture and sale of Tyre Bead Wire. Complemented with modern facilities and a team of experienced professionals, RGWL is focused on delivering superior quality steel wires and products. Founded in 1988, the company has grown in presence to become a leader in the Tyre Bead Wire business in India, delivering globally. During the year 2016-17, Rajratan Global Wire Company Limited acquired all the shares of M/s Cee Cee Engineering Industries Pvt. Ltd making it a wholly owned subsidiary. Additionally, Cee Cee Engineering Industries Pvt. Ltd was merged to the holding company. Moreover, the company divested its entire stake in the Swaraj Technocrafts Pvt. Ltd making it no longer a subsidiary. This demonstrates the culture of excellence achieved by the company over the years, making it the leading choice for reliable and high-quality Tyre Bead Wire.

Share Price: ₹557.35 per share as on 19 Jun, 2024 04:01 PM
Market Capitalisation: ₹2,880.75Cr as of today
Revenue: ₹239.57Cr as on March 2024 (Q1 24)
Net Profit: ₹20.24Cr as on March 2024 (Q1 24)
Listing date: 22 May, 2020
Chairperson Name: Sunil Chordia
OrganisationRajratan Global Wire Ltd
Headquarters
IndustrySteel
E-voting on sharesClick here to vote

Key events for Rajratan Global Wire Ltd

  • Rajratan Global Wire's Debt Poses Risks to Business - 12 Jun, 2024

    Rajratan Global Wire had ₹1.91b of debt, up from ₹1.71b a year ago. While its low debt to EBITDA ratio suggests only modest use of debt, the fact that EBIT only covered the interest expense by 5.6 times last year does give us pause. Its EBIT fell 24% in the last twelve months. Overall, Rajratan Global Wire's debt poses some risks to the business.

  • Rajratan Global Wire Ltd Shares Hit 52-Week Low - 22 May, 2024

    Shares of Rajratan Global Wire Ltd hit their 52-week low at ₹579 due to weak FY24 results, with flat revenue growth and a net profit decline. Mutual funds have also reduced their holdings. The company targets production of 125,000 tonnes by FY25.

Rajratan Global Wire Ltd Valuation

Rajratan Global Wire Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.44x)

May 27, 2020

Industry (28.21x)

June 18, 2024

Today (40.07x)

June 18, 2024

Highest (57.84x)

October 19, 2023

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI Small Cap Fund Direct Plan GrowthSBI Small Cap Fund Direct Plan Growth0.69%
SBI Long Term Advantage Fund Series IV Direct Plan GrowthSBI Long Term Advantage Fund Series IV Direct Plan Growth2.52%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
65.14%
0.00
Foreign Institutions
0.87%
0.00
Mutual Funds
7.59%
0.00
Retail Investors
26.02%
0.00
Others
0.38%
0.00

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Rajratan Global Wire Ltd shares.

Rajratan Global Wire Ltd (RAJRATAN) share price today is ₹557.35

Rajratan Global Wire Ltd is listed on NSE

Rajratan Global Wire Ltd is listed on BSE

  • Today’s highest price of Rajratan Global Wire Ltd is ₹571.9.
  • Today’s lowest price of Rajratan Global Wire Ltd is ₹554.85.

PE Ratio of Rajratan Global Wire Ltd is 40.07

PE ratio = Rajratan Global Wire Ltd Market price per share / Rajratan Global Wire Ltd Earnings per share

Today’s traded volume of Rajratan Global Wire Ltd(RAJRATAN) is 30.32K.

Today’s market capitalisation of Rajratan Global Wire Ltd(RAJRATAN) is ₹2880.75Cr.

Rajratan Global Wire Ltd(RAJRATANPrice
52 Week High
₹882
52 Week Low
₹501

Rajratan Global Wire Ltd(RAJRATAN) share price is ₹557.35. It is down -36.81% from its 52 Week High price of ₹882

Rajratan Global Wire Ltd(RAJRATAN) share price is ₹557.35. It is up 11.25% from its 52 Week Low price of ₹501

Rajratan Global Wire Ltd(RAJRATANReturns
1 Day Returns
-10.05%
1 Month Returns
-2.48%
3 Month Returns
-4.45%
1 Year Returns
-30.98%