# Rajratan Global Wire share price today (Rajratan Global Wire Ltd, NSE: RAJRATAN)

> Rajratan Global Wire share price today: ₹420.00 at the NSE close on 3 November 2026, down 2.7% in a year. Rajratan Global Wire (NSE: RAJRATAN) is worth ₹2,135 crore, trades at a P/E of 25.7 and has closed between ₹349.05 and ₹525.15 over the past 52 weeks. > Rajratan Global Wire Ltd's earnings have grown faster than its share price. Earnings per share grew +19.3% in a year while the price moved −2.7%. RAJRATAN · Tyres & Tubes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/rajratan-global-wire-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹420.00 (−2.7% in a year)
- P/E: 25.7× (higher than 54% of the last 11 years)
- Revenue (Sep 2026): ₹371 Cr (+26.2% on a year ago)
- Profit (Sep 2026): ₹24.0 Cr (+14.3% on a year ago)
- Operating margin: 12.0% (−2.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 9.9%, against a 12.0% cost of capital: −2.1 points

Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. ## What is the Rajratan Global Wire share price today? Rajratan Global Wire Ltd's share price was ₹420.00 at the close on 3 November 2026. It has been rising for 20 weeks. That is 6.8% 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 40% of the way up from that low. 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 +2,505% 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. ## What changed at Rajratan Global Wire this quarter? 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. ## What are Rajratan Global Wire's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹371 crore | ₹294 crore | +26.2% |
| Profit | ₹24.0 crore | ₹21.0 crore | +14.3% |
| Earnings per share | ₹4.75 | ₹4.05 | +17.3% |
| Operating margin | 12.0% | 14.0% | −2.0 points |

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.)

## What is the Rajratan Global Wire share price history? Rajratan Global Wire closed at ₹420.00 on 3 November 2026, down 2.7% from ₹431.80 a year earlier (31 October 2025) and down 7.6% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹372.70 | +12.7% |
| 1 month ago · 1 Oct 2026 | ₹452.75 | −7.2% |
| 6 months ago · 30 Apr 2026 | ₹444.50 | −5.5% |
| 1 year ago · 31 Oct 2025 | ₹431.80 | −2.7% |
| 3 years ago · 3 Nov 2023 | ₹725.55 | −42.1% |
| 5 years ago · 4 Nov 2021 | ₹454.64 | −7.6% |
| 10 years ago · 4 Nov 2016 | ₹63.12 | +565.4% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹16.12 | +2,505.5% |
| Highest weekly close since March 2016 · 16 Sep 2022 | ₹1,294.35 | −67.6% |
| 52-week high (weekly close) · 16 Jan 2026 | ₹525.15 | −20.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹349.05 | +20.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Rajratan Global Wire? 3 Nov 2026: Rajratan Global Wire closed at ₹420.00, up 12.7% on the week and down 7.2% 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.)

## What dividend does Rajratan Global Wire pay? Rajratan Global Wire paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.48% at the ₹420.00 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 17 July 2026. ### Rajratan Global Wire dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Jul 2026 | ₹2 | Dividend | same day |
| 6 Aug 2025 | ₹2 | Dividend | same day |
| 23 Jul 2024 | ₹2 | Dividend | same day |
| 27 Jul 2023 | ₹2 | Dividend | same day |
| 13 Jun 2022 | ₹2 | Dividend | n/a |
| 12 Jul 2021 | ₹8 | Dividend | 13 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Rajratan Global Wire management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/2004/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 22 October 2026.)

## What is the future of Rajratan Global Wire? What is changing in the business? 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.)

## What could change the Rajratan Global Wire story? What are the risks? 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.)

## What to watch in Rajratan Global Wire's next results? 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. - What to check (from the call)
- Thailand brownfield construction, equipment installation and customer approvals: verify commissioning remains within the stated timeline. - Track export run-rate against the stated FY27 goal and check whether Europe and US approvals convert into recurring shipments. - Test Thailand-led margin improvement and steel-price pass-through against freight, energy and packaging inflation. - Check steel-cord samples, ISO/BIS progress and readiness for the stated commercial-production ramp. ## Which stock lists is Rajratan Global Wire on? Rajratan Global Wire is not on any of our India lists this week. ## Is Rajratan Global Wire profitable? 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. 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. ## How much revenue does Rajratan Global Wire make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Rajratan Global Wire keep? 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. 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. ## Is Rajratan Global Wire's profit turning into cash? 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. 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. ## Where does Rajratan Global Wire's cash go? 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. 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. ## What is Rajratan Global Wire's P/E ratio, and how does it compare with its own history? Rajratan Global Wire Ltd's P/E is 25.7×, in the middle of its own history: higher than 54% 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. Why the multiple is where it is: over the past year earnings per share moved +19.3% while the price moved −2.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −1.6% a year; about −2.1% a year came from earnings growth and about +0.5 percentage points from the multiple (roughly no change); over 10 years the price moved +20.9% a year; about +14.5% a year came from earnings growth and about +6.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Rajratan Global Wire share price assume? Worked out from its price on 27 August 2026, Rajratan Global Wire Ltd's share price assumed profit growth of about 20.2% a year. Over the past 10 years its profit actually grew 15.9% a year. Today its P/E is 25.7×, higher than 54% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Rajratan Global Wire business getting better or worse? Rajratan Global Wire Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 17.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Rajratan Global Wire story, and has it been checked? Rajratan Global Wire Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: TROUGH WITH EARLY RECOVERY TEST. What is proven. See the research file

What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. Pass-through does not restore margin. Measured by: Pass-through does not restore margin Next-quarter operating margin versus the stated normalization range by the next result. The test written in advance. Steel-cord execution and capital-allocation slippage. Measured by: Steel-cord execution and capital-allocation slippage Steel-cord trial completion, customer approvals, actual project spend, and commercial revenue by the next result. What the company does. 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. C001, C002, C003, C006, C018. C015. The Chennai expansion and steel-cord project create additional volume options, but the latter has had capex and timing revisions across calls. C007, C008, C009, C011, C012, C013, C014. What the surface reading misses. The surface reading is: The latest quarter shows a sharp margin decline. The research reads it further: The supplied call attributes the decline to wire-rod and energy costs moving before price pass-through, not to a reported volume contraction. What the surface reading misses. Lever 1 · Operating leverage: building. The price reset is the near-term earnings test after the March-quarter wire-rod shock. What proves it keeps working: Raw-material pass-through and margin recovery. Lever 10 · New geographies: building. Management is aiming for another year of volume growth through exports, North America, Europe, and Thailand. What proves it keeps working: Export-led volume growth. It stops working if Export volume grows but receivables and funding costs rise faster than the contribution margin. Lever 6 · Order-book wins: building. Chennai capacity is being doubled and is intended to serve South India while freeing other capacity for exports. What proves it keeps working: Chennai capacity ramp. It stops working if Capacity is completed but customer approvals or utilization do not follow. Lever 12 · New product launch: building. Steel cord could add a higher-margin product line, but it remains an option until trials, approvals, and utilization are evidenced. What proves it keeps working: Steel-cord option value. It stops working if Trials or customer approvals slip again, or actual project spend exceeds the revised plan. Sources: our stock research file (19 July 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Rajratan Global Wire management deliver what it promised? What Rajratan Global Wire Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Chennai 60,000-Ton Milestone Not Reconciled · 22 October 2026. In Apr 2026, management said the remaining equipment would make Chennai a 60,000-ton capacity plant by the second quarter of this financial year. In Oct 2026, the detailed Q&A said rated capacity was still 40,000 tons, indicating a material status or timing change that was not reconciled. EBITDA Margin Floor Reset Lower · 22 October 2026. In Apr 2026, management said consolidated EBITDA margins of 13.5%-14% could be maintained safely. In Oct 2026, management instead treated the 12.7%-13% level raised in the Q&A as the minimum, implying a roughly 50-130 basis point lower floor without reconciling the prior guidance. Export Goal Reduced · 22 October 2026. In Oct 2025, management planned to reach around 40,000 tons of exports in the next financial year FY27. In Oct 2026, the stated goal for exports from India and Thailand was only more than 30,000 tons, materially lowering the stated goal floor without explaining whether the earlier plan was abandoned or merely made more conservative. FY27 Capex Budget Nearly Doubled vs Prior Guidance · 22 April 2026. In the Oct 2025 call, management explicitly capped FY27 capital expenditure at 'not more than Rs.20-25 crores max,' characterising it as maintenance-level spend covering balancing equipment at Chennai and Indore and Thailand de-bottlenecking. The Apr 2026 call reveals FY27 capex of approximately Rs.50 crores, Rs.25 crores to complete the steel cord project plus Rs.25 crores for Chennai's capacity expansion, nearly double the prior ceiling, with no explicit acknowledgment of or explanation for the escalation. Earlier call (Oct 2025): “FY27, we do not see much happening except Rs.15-20 crores which will be balancing equipment in Chennai and maybe some balancing equipment for wire rope business in Indore location and some de-bottlenecking in Thailand. So, you can call it maintenance CAPEX which will happen. But not more than Rs.20-25 crores max.” Later call (Apr 2026): “In steel cord, we have already invested around 45 to 50 crores, and we will require another 25 crores to complete that Capex. In Chennai, it will be close to 25 crores this year to complete the capacity expansion to 60,000 tons.”

Every quote above is taken word for word from the company’s own earnings calls. ## What is Rajratan Global Wire management's track record? Management handled the immediate cost shock, while project capital allocation is still unproven because spend and timing both changed. ### Regulatory and governance record

The sweep found routine SEBI compliance filings and no company-specific enforcement action. Sources:

- [cnbctv18.com](https://www.cnbctv18.com/market/earnings/rajratan-global-margin-june-quarter-fy27-growth-exports-chennai-expansion-19891236.htm)
- [scanx.trade](https://scanx.trade/stock-market-news/companies/rajratan-global-wire-limited-files-sebi-compliance-certificate-for-q4-fy26/37373056)
- [tijorifinance.com](https://www.tijorifinance.com/company/rajratan-global-wire-limited/shareholding)

(Checked 30 August 2026.)

## How much does Rajratan Global Wire earn on its capital? Rajratan Global Wire Ltd earned a ROCE of 13% in FY26. That is up from a low of 10% in FY14. Its return on capital used (ROIC) is 2.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.1% net margin and 1.00× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.1% net margin × 1.00× asset turnover × 1.78× leverage (assets divided by equity) ≈ 10.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.9% − 12.0% = −2.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Rajratan Global Wire have too much debt? Rajratan Global Wire Ltd has total debt of ₹414 Cr against shareholder equity of ₹686 Cr as of Sep 2026, so its debt is 0.60× its equity. Year by year, that ratio went from 0.40 in FY22 to 0.50 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Rajratan Global Wire shareholding pattern? Foreign institutions raised their stake in Rajratan Global Wire Ltd by 1.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 1.3% of the company. Domestic institutions moved −0.5 points over the same period, to 7.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +1.1 points over 8 quarters, to 1.3%; Domestic institutions: −0.5 points over 8 quarters, to 7.7%; Promoters: +0.1 points over 8 quarters, to 65.2%. Why the owners changed: foreign institutions drove it (+1.1 points), with the other side taken by domestic institutions (−0.5 points). They raised their stake step by step. ## How far is Rajratan Global Wire from balance-sheet trouble? For Rajratan Global Wire Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Rajratan Global Wire rank in its industry? 55.7 out of 100, rank 4 of 8 in Tyres & Tubes, with 100% of the evidence available. Rajratan Global Wire Ltd scores 55.7 out of 100 against the 8 companies it is compared with in Tyres & Tubes, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.6 + 12.2 + 9.3 + 12.6 = 55.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Rajratan Global Wire compared with? Rajratan Global Wire ranks 4 of 8 Tyres & Tubes companies on the 4-Factor Sector Score, with 55.7 out of 100. 1. [MRF Ltd](https://www.sectoralpha.in/stocks/mrf-ltd) MRF · quiet · Evidence leans up · 81% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 11.4% · Profit 34.5% · Operating margin change -2 points · 88% evidence Capital efficiency 18.3/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 15.9/20 · P/E 20.1× · PEG 0.69 · 100% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.5% · 1 year -25.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.8 + 18.3 + 15.9 + 8.9 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Apollo Tyres Ltd](https://www.sectoralpha.in/stocks/apollo-tyres-ltd) APOLLOTYRE · quiet · Evidence leans up · 81% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 11.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 13.6/25 · ROCE 13.9% · Operating margin 12% · 100% evidence Valuation 12.0/20 · P/E 11.3× · PEG 2.16 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.3% · 1 year -24.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 13.6 + 12 + 8.4 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [CEAT Ltd](https://www.sectoralpha.in/stocks/ceat-ltd) CEATLTD · basing · Evidence leans up · 85% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 24.5% · Profit 4.3% · Operating margin change -3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 19.2% · Operating margin 10% · 100% evidence Valuation 13.5/20 · P/E 21.8× · PEG 0.55 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9% · 1 year -23.4% · 25% evidence · 2 of 12 weeks ahead Exact sum: 15.7 + 17.4 + 13.5 + 9.4 = 56 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. Rajratan Global Wire Ltd this page RAJRATAN · losing its lead · Evidence leans up · 100% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 29.2% · Profit 40.7% · Operating margin change -2 points · 100% evidence Capital efficiency 12.2/25 · ROCE 13.2% · Operating margin 12% · 100% evidence Valuation 9.3/20 · P/E 25.9× · PEG 1.33 · 100% evidence Relative strength 12.6/20 · Lead over its industry 5.3% · Lead over NIFTY 500 -0.4% · 1 year -1.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 21.6 + 12.2 + 9.3 + 12.6 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Balkrishna Industries Ltd](https://www.sectoralpha.in/stocks/balkrishna-industries-ltd) BALKRISIND · quiet · Evidence leans down · 96% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Revenue 9.8% · Profit -3.3% · Operating margin change 4 points · 88% evidence Capital efficiency 9.7/25 · ROCE 11.2% · Operating margin 22% · 100% evidence Valuation 14.0/20 · P/E 28.5× · PEG 0.66 · 100% evidence Relative strength 10.7/20 · Lead over its industry 1.4% · Lead over NIFTY 500 -4% · 1 year -9.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 12.8 + 9.7 + 14 + 10.7 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [TVS Srichakra Ltd](https://www.sectoralpha.in/stocks/tvs-srichakra-ltd) TVSSRICHAK · breaking out · Evidence leans down · 81% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.2/35 · Revenue 18.6% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 4.8/25 · ROCE 7.8% · Operating margin 8% · 100% evidence Valuation 1.8/20 · P/E 30.6× · PEG 5.11 · 100% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 3.5% · 1 year -1.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.2 + 4.8 + 1.8 + 12.2 = 47 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [JK Tyre & Industries Ltd](https://www.sectoralpha.in/stocks/jk-tyre-industries-ltd) JKTYRE · quiet · Evidence leans down · 67% evidence 46.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 12.5% · Profit -8.7% · Operating margin change -6 points · 95% evidence Capital efficiency 13.0/25 · ROCE 15.5% · Operating margin 7% · 76% evidence Valuation 11.5/20 · P/E 15.5× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.6% · 1 year -30.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 14.5 + 13 + 11.5 + 7.5 = 46.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodyear India Ltd](https://www.sectoralpha.in/stocks/goodyear-india-ltd) GOODYEAR · quiet · Evidence leans down · 81% evidence 44.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 0.8% · Profit 21.9% · Operating margin change -3 points · 88% evidence Capital efficiency 13.8/25 · ROCE 17.4% · Operating margin 1.3% · 100% evidence Valuation 11.2/20 · P/E 24.9× · PEG 0.64 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.7% · 1 year -32.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.7 + 13.8 + 11.2 + 8 = 44.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Tyres & Tubes](https://www.sectoralpha.in/sectors/tyres-tubes), all 8 compared on one page. ## Which companies are close to Rajratan Global Wire in size? Rajratan Global Wire is the 7th largest of 8 Tyres & Tubes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries and TVS Srichakra. Just below it: Goodyear India. ### Tyres & Tubes companies close in size

1. [Balkrishna Industries Ltd](https://www.sectoralpha.in/stocks/balkrishna-industries-ltd) ₹40,067 crore
2. [Apollo Tyres Ltd](https://www.sectoralpha.in/stocks/apollo-tyres-ltd) ₹24,099 crore
3. [CEAT Ltd](https://www.sectoralpha.in/stocks/ceat-ltd) ₹12,488 crore
4. [JK Tyre & Industries Ltd](https://www.sectoralpha.in/stocks/jk-tyre-industries-ltd) ₹8,701 crore
5. [TVS Srichakra Ltd](https://www.sectoralpha.in/stocks/tvs-srichakra-ltd) ₹3,139 crore
6. Rajratan Global Wire Ltd ₹2,155 crore
7. [Goodyear India Ltd](https://www.sectoralpha.in/stocks/goodyear-india-ltd) ₹1,530 crore

[All 8 Tyres & Tubes companies, largest first](https://www.sectoralpha.in/sectors/tyres-tubes#all-companies)

### Companies close in size in other industries

1. [Thejo Engineering Ltd](https://www.sectoralpha.in/stocks/thejo-engineering-ltd) ₹2,179 crore · Capital Goods - Others
2. [Vimta Labs Ltd](https://www.sectoralpha.in/stocks/vimta-labs-ltd) ₹2,168 crore · Diagnostics
3. Rajratan Global Wire Ltd ₹2,155 crore
4. [Algoquant Fintech Ltd](https://www.sectoralpha.in/stocks/algoquant-fintech-ltd) ₹2,143 crore · Finance & Investments - Others
5. [Gateway Distriparks Ltd](https://www.sectoralpha.in/stocks/gateway-distriparks-ltd) ₹2,142 crore · Logistics

## What else do people ask about Rajratan Global Wire? ### What is Rajratan Global Wire's share price today? Rajratan Global Wire Ltd's share price is ₹420.00, −2.7% over the past year. The whole company is worth ₹2,135 Cr on the market. In the last 52 weeks it traded between ₹349 to ₹525; today it is 40% of the way up from the low, 6.8% below its 200-day average (as of 3 November 2026). ### What were Rajratan Global Wire's latest quarterly results? Rajratan Global Wire Ltd reported revenue of ₹371 Cr and net profit of ₹24.0 Cr for the Sep 2026 quarter. Revenue rose 26.2% and profit rose 14.3% compared with a year earlier. Earnings per share were ₹4.75. The operating margin was 12.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Rajratan Global Wire's market cap? Rajratan Global Wire Ltd's market capitalisation is ₹2,135 Cr at a share price of ₹420.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Rajratan Global Wire performing? Rajratan Global Wire Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 26.2% and profit rose 14.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will Rajratan Global Wire's share price go up? This page does not forecast Rajratan Global Wire Ltd's share price. What it shows instead: the share price is ₹420.00, and it has been rising for 20 weeks. Its P/E of 25.7× is higher than 54% of its own last 11 years (as of 3 November 2026). ### Who owns Rajratan Global Wire? Promoters own 65.2% of Rajratan Global Wire Ltd, foreign institutions 1.3%, domestic institutions 7.7% and the public 25.8% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 1.1 percentage points over 8 quarters (as of 3 November 2026). ### Does Rajratan Global Wire have too much debt? Rajratan Global Wire Ltd has a moderate amount of debt: its debt is 0.50× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹324 Cr against equity of ₹650 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Rajratan Global Wire in its business cycle? Rajratan Global Wire Ltd's FY26 operating margin was 12.0%, against a 13-year range of 8.0% to 20.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Rajratan Global Wire story? Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Rajratan Global Wire a stock worth studying right now? What the numbers show: Rajratan Global Wire Ltd's earnings have grown faster than its share price. Earnings per share grew +19.3% in a year while the price moved −2.7%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Rajratan Global Wire share price forecast for 2026? What management itself guided: FY27 consolidated volume goal about 160,000 tons; 15-20% on a year earlier growth framed for at least 10-15 quarters. 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. What would change the story: 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. ### Where does this page get Rajratan Global Wire's management information? From Rajratan Global Wire's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.