Synopsis:
The company targets ₹1,100 crore revenue in FY26 with 15% volume growth, driven by rising exports and strong utilisation. Despite a slight dip in Q1FY26 profit, its diverse global client base and leadership in tyre bead wire reinforce growth prospects.
India’s auto components sector is a critical pillar of its manufacturing industry, contributing 2.3% to the nation’s GDP and providing direct employment to 1.5 million people. In the 2024 fiscal year, the industry turnover reached about $74.1 billion (Rs 6.14 lakh crore), marking a 9.8% increase. Projections for fiscal year 2025 suggest continued growth of 7-9%.
With a market capitalisation of Rs 2,056.23 crore, the shares of Rajratan Global Wire Ltd closed at Rs 405.00 per share, decreased around 0.30 percent as compared to the previous closing price of Rs 406.20 apiece.
Rajratan Global Wire aims for Rs 1,100 crore revenue in FY26, backed by 15% volume growth across markets. The Chennai plant is approaching breakeven with over 50% utilisation, while Thailand is expected to contribute 48,000 tonnes in sales. Total exports are estimated at 45,000 tonnes, forming 25% of revenue. With 35% market share in India and 31% in Thailand, Rajratan remains a bead wire market leader.
Looking forward to the company’s financial performance, revenue increased by 12 percent from Rs 220 crore in Q1FY25 to Rs 247 crore in Q1FY26. Further, during the same time frame, net profit decreased by 7 percent from Rs 15 crore to Rs 14 crore.
Rajratan Global Wire has a prominent client base that includes top global and domestic tyre manufacturers such as Michelin, MRF, Apollo, JK Tyre, CEAT, Bridgestone, Continental, Goodyear, and Yokohama.
This diverse portfolio across Asia, Europe, and the Americas underscores the company’s strong market presence, product reliability, and strategic positioning in the automotive bead wire industry, serving both premium and mass-market segments effectively.
Rajratan Global Wire Limited is focused on the manufacturing and sale of tyre bead wire. The Company’s products include tyre bead wire and high carbon steel wire. Tyre Bead used for automobiles, earth-moving equipment, aircraft, cycles, passenger vehicles, two-wheelers, three-wheelers, and truck bus radials.
Written by Abhishek Singh
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