Rajratan Global Wire Ltd (RAJRATAN)

East India Securities Recommends Holding Rajratan Global Wire - 29 Apr, 2024

East India Securities report recommends holding Rajratan Global Wire with a target price of Rs. 630. The company is going through a transformational phase in the industry, and its Chennai expansion is expected to start commercial operations in Q1 FY25.

Rajratan Global Wire FY2024 Earnings Miss Expectations - 25 Apr, 2024

Rajratan Global Wire's revenue for FY2024 remained flat at ₹8.94b, with net income down 28% from the previous year. The profit margin also decreased to 8%. EPS missed analyst estimates by 4.4%, and revenue missed by 1.8%. However, the company is expected to see a 22% p.a. growth in revenue over the next two years, compared to 9.4% for the industry. The stock has dropped 5.4% in the past week.

RAJRATAN GLO Reports Q4 Results with Revenue Growth of 9.18% - 24 Apr, 2024

RAJRATAN GLO reported a 9.18% YoY increase in revenue for Q4, reaching ₹239.57Cr. However, profit saw a slight decline of 0.15% YoY at ₹20.24Cr. The company's stock had negative returns of -13.98% in the last 6 months and -15.36% YTD. Analysts have rated it as Hold or Strong Buy.

Rajratan Global's Focus Shifts to Volumes Over Margins - 23 Apr, 2024

Rajratan Global Wire Ltd.'s CMD has announced a shift in focus from margins to volumes and targets production of 1.25 lakh tonnes by the end of FY25. The company's standalone net sales for March 2024 were down 13.42% YoY.

Rajratan Global Wire's ROCE Falls to 19% - 05 Apr, 2024

Rajratan Global Wire's return on capital employed (ROCE) has fallen from 24% over the last five years to 19% in the trailing twelve months to December 2023. The company has been employing more capital without a corresponding improvement in sales, which could suggest these investments are longer-term plays. While the stock has delivered gains to shareholders who have held it for three years, the underlying trends may not support further growth.