Rajratan Global Wire Limited chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 175.87
Dividend & Yield1.60₹ (0.24%)
Beta 0.48
Market capitalization 36.31B
Operating cash flow 1.19B
ESG Scores unknown

Company description

Rajratan Global Wire Limited manufactures and sells tire bead wires in India and Thailand. The company also offers high carbon steel wires that are used in mechanical springs, high performance springs, mattress springs and lacing wires, hose reinforcements, beddings and seatings, wire ropes and cables, conveyor belts, automotive cables, steel fibers, and cut wire shots for shot blasting and pinning applications. Its tire bead wires are used in various kinds of automobile tires, tires of earth moving equipment, and aircraft. The company also exports its products to Italy, the United States, the Czech Republic, Malaysia, Indonesia, the Philippines, Vietnam, Sri Lanka, the United Arab Emirates, Bangladesh, and other countries. Rajratan Global Wire Limited was incorporated in 1988 and is based in Indore, India.

Sector: Basic Materials - Industry: Steel

Financial Ratios
Quick Ratio0.95
Working Capital1.74
Return On Equity0.36
Debt To Equity0.16
Fixed Asset Ratio0
Fixed Interest Cover10.76

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 72.4M 32.8M 131.3M 657.1M
Total Cashflows From Investing Activities -713.2M -449.1M -242.5M -930.9M
Net Borrowings 357.2M 139.6M 56.4M -54.4M
Total Cash From Financing Activities 219.1M -65M -96.3M -279.5M
Change To Operating Activities -5.5M -24.4M -176.9M -49.8M
Issuance Of Stock
Net Income 267.1M 330.5M 531.3M 1.24B
Change In Cash -19M -200k 25.6M -18.8M
Effect Of Exchange Rate
Total Cash From Operating Activities 475.1M 513.9M 364.4M 1.19B
Depreciation 91.5M 120.4M 140.3M 155.2M
Change To Account Receivables 20.7M -142.4M -305.2M -690.1M
Other Cashflows From Financing Activities -131.6M -175.6M -152.7M -143.9M
Change To Netincome 123.2M 157.6M 139.7M 184.9M
Capital Expenditures -715.1M -453.2M -275.5M -873.3M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 341M 437.2M 662.6M 1.53B
Net Income 267.1M 330.5M 531.3M 1.24B
Selling General Administrative 241.8M 271.1M 281.6M 326.9M
Gross Profit 1.58B 1.81B 2.06B 3.56B
Ebit 432.1M 559.3M 780.1M 1.66B
Operating Income 432.1M 559.3M 780.1M 1.66B
Interest Expense -89.1M -115.5M -111.4M -154.3M
Income Tax Expense 73.9M 106.7M 131.3M 283.1M
Total Revenue 4.93B 4.8B 5.47B 8.93B
Cost Of Revenue 3.35B 2.99B 3.4B 5.37B
Total Other Income ExpenseNet -91.1M -122.1M -117.5M -134.3M
Net Income From Continuing Ops 267.1M 330.5M 531.3M 1.24B
Net Income Applicable To Common Shares 267.1M 330.5M 531.3M 1.24B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 1.91B 2.05B 2.13B 2.76B
Total Stockholder Equity 1.42B 1.73B 2.27B 3.41B
Other Current Liabilities 55.8M 48.3M 64M 128.9M
Total Assets 3.33B 3.78B 4.39B 6.17B
Common Stock 43.5M 101.5M 101.5M 101.5M
Other Current Assets 53.8M 97.4M 123.8M 124.3M
Retained Earnings 1.16B 1.45B 1.98B
Treasury Stock 133.9M 154.5M 154.8M 3.31B
Cash 1.6M 1.4M 27M 84.4M
Total Current Liabilities 1.42B 1.4B 1.43B 2.12B
Other Stockholder Equity 133.9M 154.5M 154.8M 3.31B
Property, Plant, and Equipment 2B 2.39B 2.5B 3.1B
Total Current Assets 1.28B 1.37B 1.83B 2.84B
Net Tangible Assets 1.42B 1.73B 2.26B 3.4B
Net Receivables 768.3M 857.6M 1.17B 1.81B
Accounts Payable 361.7M 403.2M 491.1M 1.16B


Insider Transactions

Here are the insider transactions of stock shares related to Rajratan Global Wire Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Chordia (Sunil Chandanmal)Acquisition at price 8.82 per share.D2021-03-12Promoter9.5k
Chordia (Yashovardhan)Acquisition at price 8.83 per share.D2021-03-12Promoter373.83k
Chordia (Sunil Chandanmal)Acquisition at price 8.79 per share.D2021-03-12Promoter21.67k
Rajratan Resources Pvt. Ltd.D2020-06-02Promoter7.02k
Rajratan Investment Ltd.D2020-06-01Promoter1.5k
Rajratan Resources Pvt. Ltd.D2020-05-29Promoter5.54k
Rajratan Investment Ltd.D2020-05-29Promoter5.51k
Rajratan Investment Ltd.D2020-05-28Promoter12.09k
SBI Small & Midcap FundD2020-04-21Promoter45k
Rajratan Investment Ltd.D2020-03-16Promoter2k
Chordia (Sunil Chandanmal)D2020-03-13Promoter60.02k
Rajratan Investment Ltd.D2020-03-12Promoter24.4k
Chordia (Sunil Chandanmal)D2019-09-03Managing Director490.96k
Chordia (Sangita Sunil)D2019-09-03Managing Director570.43k
Chordia (Sunil Chandanmal)D2018-03-20Managing Director2.41k
Chordia (Sunil Chandanmal)D2018-03-15Managing Director500
Chordia (Sunil Chandanmal)D2018-03-14Managing Director2k
Chordia (Sunil Chandanmal)D2018-03-09Managing Director600
Chordia (Sunil Chandanmal)D2018-03-08Managing Director1k
Chordia (Sunil Chandanmal)D2018-03-05Managing Director1k
Chordia (Sunil Chandanmal)D2018-03-01Managing Director1k
Chordia (Sunil Chandanmal)D2018-02-28Managing Director1.15k
Chordia (Sunil Chandanmal)D2018-02-27Managing Director1.39k
Chordia (Sunil Chandanmal)D2018-02-23Managing Director1k
Chordia (Sunil Chandanmal)D2018-02-21Managing Director1k
Chordia (Sunil Chandanmal)D2018-02-14Managing Director1.21k
Chordia (Sunil Chandanmal)D2018-02-12Managing Director861
Chordia (Sunil Chandanmal)D2018-02-08Managing Director602
Chordia (Sunil Chandanmal)D2018-02-07Managing Director1.99k
Chordia (Sunil Chandanmal)D2018-02-06Managing Director2.44k
Chordia (Sunil Chandanmal)D2018-02-02Managing Director1.4k
Chordia (Sangita Sunil)D2017-09-14Director (Executive)2.39k
Chordia (Sangita Sunil)D2017-09-12Director (Executive)1.18k
Chordia (Sangita Sunil)D2017-09-11Director (Executive)4.77k
Chordia (Mohini)D2017-09-06UNREPORTED4.43k
Chordia (Mohini)D2017-09-04UNREPORTED68
Chordia (Sangita Sunil)D2017-09-01Promoter2k
Chordia (Sangita Sunil)D2017-08-31Director (Executive)3.22k
Chordia (Sangita Sunil)D2017-08-29Managing Director4.1k
Chordia (Sangita Sunil)D2017-08-24Managing Director382
Chordia (Sangita Sunil)D2017-08-23UNREPORTED4.3k
Chordia (Shubika)D2017-08-22Promoter3.5k
Chordia (Shubika)D2017-08-18Promoter1k
Chordia (Yashovardhan)D2011-02-10Director137.3k
Chordia (Sunil Chandanmal)D2011-02-05Managing Director16.9k
Chordia (Sunil Chandanmal)D2010-06-24Managing Director26.5k
Chordia (Sunil Chandanmal)D2009-12-14Managing Director10k
Chordia (Yashovardhan)D2009-12-14Director10k
Chordia (Sangita Sunil)D2009-12-14UNREPORTED22k
Chordia (Sangita Sunil)D2009-12-09UNREPORTED61k
Chordia (Sangita Sunil)D2009-12-07UNREPORTED50k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Rajratan Global Wire Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Rajratan Global Wire Limited

Here is the result of two systematic investment strategies applied to Rajratan Global Wire Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Rajratan Global Wire Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Rajratan Global Wire Limited:

Rajratan Global Wire Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -62.07% on the backtest period.

Performance at glance

Performance

-62.07 %

Latent gain

-3262.65 ₹

Invested capital

5256.75 ₹

Annualized return

-47.75 %
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Momentum strategy results on Rajratan Global Wire Limited

This is the result of two momentum investment strategies applied to Rajratan Global Wire Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Rajratan Global Wire Limited

The following chart shows all the entries opened by the momentum investment system on Rajratan Global Wire Limited:

Rajratan Global Wire Limited momentum entries
  • The first momentum investment strategy would give -53.7% of return on Rajratan Global Wire Limited. That represents -3083.2₹ of latent gain with 5742.0₹ of employed capital.
  • The second momentum investment strategy would give -69.5% of return on Rajratan Global Wire Limited. That represents -4544.35₹ of latent gain with 6538.45₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

-53.7 %

Latent gain

-3083.2 ₹

Invested capital

5742.0 ₹

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-69.5 %

Latent gain

-4544.35 ₹

Invested capital

6538.45 ₹

Annualized return

-84.76 %

Momentum equity curve on Rajratan Global Wire Limited

The following chart shows the equity curve of the two momentum strategies applied to Rajratan Global Wire Limited:

Rajratan Global Wire Limited momentum equity

Note: the dividends potentially given by Rajratan Global Wire Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Rajratan Global Wire Limited

The following chart shows the employed capital evolution of the two momentum strategies on Rajratan Global Wire Limited since the beginning:

Rajratan Global Wire Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on Rajratan Global Wire Limited

Buy the dip entry openings on Rajratan Global Wire Limited

Rajratan Global Wire Limited

The performance achieved by the robo-advisor on Rajratan Global Wire Limited is 0%. That represents 0.0$ of latent gain with 0.0₹ of employed capital. The following chart shows Rajratan Global Wire Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Rajratan Global Wire Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 ₹

Invested capital

0.0 ₹

Annualized return

-0.0 %

Equity curve of the strategy applied to Rajratan Global Wire Limited

The following chart shows the result of the investment strategy applied to Rajratan Global Wire Limited:

Rajratan Global Wire Limited

Note: the dividends potentially given by Rajratan Global Wire Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Rajratan Global Wire Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Rajratan Global Wire Limited:

Rajratan Global Wire Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Rajratan Global Wire Limited

In this section, I will compare the three previous investment strategies applied to Rajratan Global Wire Limited.

Equity curve comparison on Rajratan Global Wire Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Rajratan Global Wire Limited investment strategy comparison

Employed capital comparison on Rajratan Global Wire Limited

Rajratan Global Wire Limited investment comparison

Performance comparison on Rajratan Global Wire Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -62.07% -3262.65₹ 5256.75₹ -47.75%
Momentum 1 quarter -53.7% -3083.2₹ 5742.0₹ -50.66%
Momentum 2 quarters -69.5% -4544.35₹ 6538.45₹ -84.76%
Non-directional 0% 0.0₹ 0.0₹ -0.0%
Annualized return comparison

Automatic investment

-47.75 %

Momentum 1Q

-84.76 %

Momentum 2Q

-84.76 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Rajratan Global Wire Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Rajratan Global Wire Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Rajratan Global Wire Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Rajratan Global Wire Limited
Country India
City Indore
Address Rajratan House
Phone 91 73 1254 6401
Website www.rajratan.co.in
FullTime employees
Industry Steel
Sector Basic Materials
Exchange XNSE
Ticker RAJRATAN.XNSE
Market

Rajratan Global Wire Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown