Rajratan Global Wire share price today

Rajratan Global Wire Ltd's share price was ₹430.50 at the close on 4 November 2026. It has been rising for 20 weeks. That is 4.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹349 and ₹525, and at that close it sat 46% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Rajratan Global Wire Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 11 years the share price moved +2,571% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 7 quarters in a row, highest quarterly profit in 16 quarters and foreign funds (FIIs) raised their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 7 quarters in a row

   In the September 2026 quarter revenue was ₹371 crore, +26.2% on a year earlier.

   Why: Revenue rose because the company sold more wire, with H1 volume up 17%.

   Next results: check whether Europe and US approvals turn into regular shipments.

   From the earnings call on 22 Oct 2026.

2. Highest quarterly profit in 16 quarters

   Profit of ₹24 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit hit a record because the company sold more wire, with H1 volume up 17%.

   Next results: check whether margins improve in the second half as management expects, led by Thailand.

   From the earnings call on 22 Oct 2026.

3. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 0.5% to 1.3% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Rajratan Global Wire reported revenue of ₹371 crore, up 26.2% from ₹294 crore a year earlier, and a profit of ₹24.0 crore, up 14.3% from ₹21.0 crore.

Rajratan Global Wire results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Rajratan Global Wire's management discussed these results on a call held on 22 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Rajratan Global Wire closed at ₹430.50 on 4 November 2026, down 10.1% from ₹478.65 a year earlier (7 November 2025) and down 5.3% over five years. Its highest weekly close since March 2016 was ₹1,294.35 on 16 September 2022.

Rajratan Global Wire share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Rajratan Global Wire closed at ₹430.50, up 1.4% on the week and down 4.9% on the month. 22 Oct 2026: Rajratan Global Wire held its results call for July to September 2026. Management guided: FY27 consolidated volume goal about 160,000 tons; 15-20% on a year earlier growth framed for at least 10-15 quarters.

Earlier

• Results for July to September 2026: Revenue up 26.2% and profit up 14.3% on a year earlier.
• Our read, 19 Jul 2026: FY26 revenue and profit rose while the March quarter absorbed a raw-material shock that cut operating margin; management says the price reset is complete and expects margin recovery.
• 17 Jul 2026: ex-date for a dividend of ₹2 a share.

Our read of the business

FY26 revenue and profit rose while the March quarter absorbed a raw-material shock that cut operating margin; management says the price reset is complete and expects margin recovery.

Latest quarter: Volume record followed by raw-material margin compression.

Our read after the latest results, written 19 July 2026.

Rajratan Global Wire paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.46% at the ₹430.50 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 17 July 2026.

Rajratan Global Wire dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Rajratan Global Wire Ltd paid out 14% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 22 October 2026, Rajratan Global Wire's management guided: FY27 consolidated volume goal about 160,000 tons; 15-20% on a year earlier growth framed for at least 10-15 quarters.

“Today, Rajratan is among the top two players outside China and among the top five players including China, which says a lot about how we have continued to focus on making ourselves a force to reckon with in the domestic as well as global bead wire industry.”Sunil Chordia, on the call for July to September 2026

What management guided

• FY27 combined India and Thailand exports above 30,000 tons; India contribution 14,000-15,000 tons and India export growth 40%.
• Thailand adds 50,000 tons, expected up within 3-4 quarters and starting H2 FY28; utilization expected within 2 years, with ₹100 crore remaining capital spending funded by accruals and loans below 4%.
• Chennai FY27 output of 37,000-38,000 tons; monthly output to rise from 3,500 to 4,000 then 4,500; a further 60,000-ton phase is envisaged within 2 years, subject to board approval and ROI.
• Thailand premium-customer share expected to rise from 30-32% to 40% over coming years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 22 October 2026.

What is changing at Rajratan Global Wire, from the latest results and calls: raw-material pass-through and margin recovery, export-led volume growth and chennai capacity ramp.

• Raw-material pass-through and margin recovery. The price reset is the near-term earnings test after the March-quarter wire-rod shock. ⚠ estimate
• Export-led volume growth. Management is aiming for another year of volume growth through exports, North America, Europe, and Thailand. ⚠ estimate
• Chennai capacity ramp. Chennai capacity is being doubled and is intended to serve South India while freeing other capacity for exports. ⚠ estimate
• Steel-cord option value. Steel cord could add a higher-margin product line, but it remains an option until trials, approvals, and utilization are evidenced. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 19 July 2026.

The thesis fails if the completed price pass-through does not restore margins while export and Chennai volumes grow, because then the current margin trough would be a structural loss of pricing rather than a temporary raw-material lag.

Each change stops working if

• Export-led volume growth: Export volume grows but receivables and funding costs rise faster than the contribution margin.
• Chennai capacity ramp: Capacity is completed but customer approvals or utilization do not follow.
• Steel-cord option value: Trials or customer approvals slip again, or actual project spend exceeds the revised plan.

The main risks

• Pass-through does not restore margin: The current recovery case depends on price realization catching up with wire-rod costs. ✓ fact
• Steel-cord execution and capital-allocation slippage: The project has a revised cost, later trials, and revised revenue potential, reducing confidence in its forecast contribution. ⚠ estimate
• Growth absorbs cash through receivables and capital spending: Cash conversion is positive, but export transit and receivables lengthen the funding cycle while capital spending remains elevated. ✓ fact

Our read after the latest results, written 19 July 2026.

When Rajratan Global Wire reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Thailand brownfield construction, equipment installation and customer approvals: verify commissioning remains within the stated timeline.

Rajratan Global Wire is not on any of our India lists this week.

Rajratan Global Wire Ltd earned ₹24.0 Cr of net profit in the Sep 2026 quarter, +14.3% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹70.0 Cr. Over 10 years profit has grown 15.9% a year on average. That is 6.5% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹21.0 Cr.

For the full year, FY26 profit was ₹70.0 Cr (+18.6% on the year before).

Why profit moved: revenue changed +26.2% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +53.0% and revenue +29.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q3. Revenue and profit remained above the year-earlier base, while operating margin was below the September quarter. There is no supplied Tijori call tied to this reporting quarter, so the timeline does not infer a management explanation beyond the available financial data.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Rajratan Global Wire Ltd reported ₹371 Cr of revenue in the Sep 2026 quarter, +26.2% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 15.1% a year on average. The last full year, FY26, came in at ₹1,156 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The latest call gives a consolidated volume-growth goal and regional export ambitions. Longer shipping and collection cycles mean volume delivery must be assessed together with receivables and short-term borrowing rather than as a standalone positive.

The last four reported quarters add to ₹1,305 Cr.

FY26 revenue was ₹1,156 Cr, +23.6% on the year before.

Recent pace: the last four quarters grew +29.6% on average, against 15.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +29.2%, against +18.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +40.7%, against +5.9% a year (accelerating).

FY26-Q3. Revenue and profit remained above the year-earlier base, while operating margin was below the September quarter. There is no supplied Tijori call tied to this reporting quarter, so the timeline does not infer a management explanation beyond the available financial data.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Rajratan Global Wire Ltd's operating margin was 12.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 8.0% and 20.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The March quarter compressed margins as wire-rod prices moved before customer prices reset. Management says the pass-through was implemented across geographies and expects normalization in the current quarter. This is a real driver only if the next result confirms it in reported margin, not merely in management commentary.

Why the margin moved: operating margin changed −1.3 percentage points on the year while gross margin changed −3.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY26-Q3. Revenue and profit remained above the year-earlier base, while operating margin was below the September quarter. There is no supplied Tijori call tied to this reporting quarter, so the timeline does not infer a management explanation beyond the available financial data.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years, 119% of Rajratan Global Wire Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹75.0 Cr of operating cash against ₹70.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹131 Cr of spending on assets, free cash was −₹56.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 119% of profit came in as cash: the cash cycle got 18 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 4.5× depreciation over three years. The next section checks what that spending is building.

Rajratan Global Wire Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 62 days in FY26, down from 80 days in FY21. It spent ₹311 Cr on assets over the last 3 years. Customers take 81 days to pay, and stock sits for 54 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,156 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹196 Cr is tied up in the business at any time.

FY26: customers took 81 days to pay and stock sat for 54 days, about 1.8 months of sales sitting as stock, for a full cycle of 62 days, shorter than FY21's 80.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 54 days. Customers pay about 81 days after that. Suppliers are paid at 72 days. Together that makes the 62-day cycle.

Spending on assets: ₹311 Cr over the last 3 years, against ₹69.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹88.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Rajratan Global Wire Ltd's P/E is 26.3×, in the middle of its own history: higher than 55% of past readings. Its usual P/E (the middle reading) is 23.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.