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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Rajratan Global Wire Limited is an India-based company, which is engaged in the business of manufacturing and sale of tire bead wire and high carbon steel wire. The Company's tire bead wire product has applications in earth moving equipment tires, automobile tires, aircraft…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, trading cheap versus its own history.
Rajratan Global Wire is scored on the commodity / cyclical framework. It keeps a slim 6.0% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 1.06×). Free cash flow is worth about -1.8% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at -11%/yr. Book value has grown 14%/yr. Return on equity is a healthy 12.1%. In the latest quarter profit grew 5% versus the prior quarter.
At 31× earnings, the stock sits at the 19th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~12%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 25.74 | 13.6 | worse |
| P/B | 3.14 | 1.91 | worse |
| EV/EBITDA | 15.6 | 12.58 | worse |
| ROE | 12.12 | 15.28 | worse |
| ROCE | 12.2 | 16.73 | worse |
| ROA | 6.48 | 3.73 | better |
| Quick Ratio | 0.92 | 1.17 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
9% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (9% vs -11%) — costs are rising faster than the top line.
Operating margin has compressed from 15% to 8% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 11% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 12pp.
-11% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 15% sequentially — momentum is building. Run-rate stepping up — recent quarters average 12% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 65.2% — heavily owner-operated with strong skin in the game. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.