Rajratan Global Wire Ltd (RAJRATAN)

Metals & Mining · Steel · NSE · Updated 13 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹498.25 ↑ 44.67% (1Y)

🎯 Key Takeaways

Rajratan Global Wire Ltd is in a phase of strategic consolidation and international expansion under stable leadership, with management emphasizing operational transformation across India and Thailand. The re-appointment of CEO Yashovardhan Chordia signals continuity in execution of a growth-oriented strategy focused on global markets.
Revenue grew 1.3% QoQ to ₹318 in Q1FY27.
⚠️ 1) High concentration in promoter-controlled shares (65%) may limit liquidity and attract governance scrutiny. 2) Rising borrowings to support growth

Market Cap

₹2,530

P/E Ratio

31.8

P/B Ratio

3.89

ROE

12.2%

ROCE

13.3%

Debt/Equity

0.50

Div Yield

0.40%

Promoter

65.2%

✨ Ask AI About RAJRATAN 📊 Interactive Charts

📖 The Story

Rajratan Global Wire Ltd is in a phase of strategic consolidation and international expansion under stable leadership, with management emphasizing operational transformation across India and Thailand. The re-appointment of CEO Yashovardhan Chordia signals continuity in execution of a growth-oriented strategy focused on global markets. Financial performance shows improving operational efficiency, with margins expanding and profitability rising over recent quarters.

📰 What's Happening

The company successfully conducted its 38th AGM on 24 July 2026 via video conference, where shareholders re-appointed Yashovardhan Chordia as CEO and Deputy Managing Director effective 22 April 2026. The meeting covered approval of financial statements, dividend declaration, and director appointments, reflecting governance confidence. Management highlighted ongoing international expansion and operational transformation initiatives during leadership continuity planning. No new strategic announcements were made, but the re-appointment reinforces commitment to executing existing growth plans in steel and wire products.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	294	302	314	318
Operating Profit	33	33	21	34
OPM %	11.3%	11.1%	6.7%	10.7%
Net Profit	21	21	15	23
EPS	₹4.05	₹4.08	₹3.04	₹4.52

Rajratan Global Wire has demonstrated consistent top-line growth and improving operational margins over the last four quarters, with revenue rising from ₹302 crore to ₹318 crore and operating profit expanding from ₹33 crore to ₹34 crore. Operating margins have strengthened from 6.7% to 11.3%, and net profit has grown from ₹15 crore to ₹23 crore, indicating effective cost management and pricing power. EPS has increased from ₹3.04 to ₹4.52, supporting the company's profitability trajectory. This financial momentum aligns with management's focus on operational efficiency and international market penetration.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the latest filings beyond reaffirming the strategic focus on international expansion and operational transformation. The re-appointment of the CEO until 2026 signals confidence in current leadership and execution capabilities. No new financial targets or growth projections were disclosed in the recent AGM or annual report filings. The company emphasizes updating shareholder communication channels to ensure continued access to reporting materials.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	10	10	10	10
Reserves	530	549	593	640
Borrowings	314	237	373	324
Total Liabilities	997	960	1,107	1,159
Fixed Assets	524	532	599	619
Investments	0	0	0	1
Total Assets	997	960	1,107	1,159

The balance sheet shows a stable capital structure with equity remaining constant at ₹10 crore while reserves grew from ₹549 crore to ₹640 crore over the past year, indicating retained earnings are being capitalized. Borrowings have increased from ₹237 crore to ₹324 crore, suggesting ongoing investment in operations or expansion, though the debt-to-equity ratio remains moderate at 0.50. Total assets have risen from ₹960 crore to ₹1,159 crore, reflecting growth in asset base. This points to a capital allocation strategy focused on reinvestment rather than debt reduction or immediate shareholder returns.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2026
Operating	+75
Investing	-113
Financing	+50
Net Cash Flow	+11

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	65.1%	65.1%	65.2%	65.2%
FII	0.6%	0.5%	0.6%	0.8%
DII	8.3%	8.3%	8.3%	8.3%
Public	23.0%	23.0%	22.4%	22.1%
# Shareholders	65,101	65,547	64,168	62,564

Promoter holding remains stable at 65.14%-65.2% over the last four quarters, indicating no dilution or stake sales. FII ownership has slightly increased from 0.5% to 0.83%, while DII holdings have remained relatively steady around 8.26%-8.34%. The number of public shareholders has grown from 62,564 to 65,547, suggesting increasing retail participation. There are no signs of significant institutional selling or promoter reduction, supporting a stable shareholder base.

⚖️ Peer Comparison — Steel

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
JSWSTEEL	3.10 L Cr	12.5	20.9%	28.0%	0.95
TATASTEEL	2.28 L Cr	20.7	12.7%	11.0%	0.83
JINDALSTEL	1.14 L Cr	41.9	7.4%	5.3%	0.43
SAIL	73,936	17.3	9.5%	7.1%	0.36
JSL	62,260	19.1	18.0%	16.4%	0.37
SHYAMMETL	29,989	26.7	14.2%	9.7%	0.09
SARDAEN	18,491	16.4	19.2%	17.6%	0.45
GPIL	16,457	18.6	19.2%	14.2%	0.07
USHAMART	15,059	29.7	20.6%	15.4%	0.04
GALLANTT	13,199	30.4	15.4%	13.1%	0.17

🔗 Peer Stock Analyses

JSWSTEEL TATASTEEL JINDALSTEL SAIL JSL

⚠️ Risk Factors

1) High concentration in promoter-controlled shares (65%) may limit liquidity and attract governance scrutiny. 2) Rising borrowings to support growth could pressure financial flexibility if economic conditions deteriorate. 3) International operations in Thailand expose the company to currency and regulatory risks not fully disclosed. 4) Narrow product segment focus on steel and wire goods makes revenue vulnerable to sector-specific cyclicality and input cost volatility.

📋 Recent Filings

🧠 Analyst's Read

Rajratan Global Wire is executing a stable, capital-light growth strategy under experienced leadership, with improving margins and consistent financial performance. The key watchpoints are the pace of international expansion and whether rising debt supports sustainable growth. Investors should monitor management's ability to scale operations without margin erosion or excessive leverage in the coming quarters.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on RAJRATAN

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-13.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when RAJRATAN files new disclosures

Track RAJRATAN filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track RAJRATAN — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd