Rajratan Global Wire Ltd
NSE:RAJRATAN
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Rajratan Global Wire Ltd
Rajratan Global Wire Ltd. engages in the manufacture and sale of steel wires. The company is headquartered in Indore, Madhya Pradesh and currently employs 639 full-time employees. The firm has only one reportable operating segment i.e Tyre Bead Wire. Tyre Bead used all kinds of tyres for an automobile, earth-moving equipment, aircraft, cycles, passenger vehicles, two-wheelers, three-wheelers, and truck bus radials. The company offers bead wire is the crucial link through which the vehicle load is transferred from rim to tyre, preventing vibration driving. Its tire bead wire is used in all kinds of automobile tires, tires of earth-moving pieces of equipment, and aircraft. The firm's high carbon steel wire applications include mechanical spring, high-performance spring, mattress spring and lacing wire, hose reinforcement, bedding and seating, wire rope and cable, conveyor belt, automotive cable-outer and inner, steel fiber, and cut wire shot for shot blasting and pinning.
Rajratan Global Wire Ltd. engages in the manufacture and sale of steel wires. The company is headquartered in Indore, Madhya Pradesh and currently employs 639 full-time employees. The firm has only one reportable operating segment i.e Tyre Bead Wire. Tyre Bead used all kinds of tyres for an automobile, earth-moving equipment, aircraft, cycles, passenger vehicles, two-wheelers, three-wheelers, and truck bus radials. The company offers bead wire is the crucial link through which the vehicle load is transferred from rim to tyre, preventing vibration driving. Its tire bead wire is used in all kinds of automobile tires, tires of earth-moving pieces of equipment, and aircraft. The firm's high carbon steel wire applications include mechanical spring, high-performance spring, mattress spring and lacing wire, hose reinforcement, bedding and seating, wire rope and cable, conveyor belt, automotive cable-outer and inner, steel fiber, and cut wire shot for shot blasting and pinning.
Revenue Growth: Rajratan Global Wires posted 20% revenue growth in the quarter, with record sales volumes crossing 32,000 tons.
Chennai Ramp-Up: Chennai plant contributed significantly, with Q2 sales of 4,768 tons, and is expected to see further volume increases.
Exports Expanding: Management targets total exports of up to 40,000 tons in FY '27, capitalizing on approvals and global demand from premium customers.
CapEx Plans: Ongoing investments include INR 20–25 crores for Chennai Phase 2 expansion (targeting 60,000 tons capacity) and INR 70 crores for a new wire rope facility.
Profitability Outlook: EBITDA margin is expected to remain in the 13%–15% range, with gross margin considered sustainable barring raw material volatility.
Competitive Position: Despite new domestic and Chinese competitors, Rajratan claims a quality and location advantage, especially in India and Thailand.
Three-Year Vision: The company aims for 180,000–200,000 tons in annual sales and a topline near INR 2,000 crores within three years.
