Rajratan Global Wire Ltd produces bead wire for tyres and steel cord for conveyor belts, operating in India, Thailand, and global markets. Key segments include the Chennai plant (60,000-ton capacity post-Phase-II expansion), Thailand’s 55,000-ton facility, and a new 10,000-ton steel cord project. Growth will accelerate via 17-18% volume expansion through Chennai’s 85-90% utilization, Thailand’s de-bottlenecking (+10% cap), and steel cord commercialization by Q1-FY27. EBITDA margins should stabilize at 13.5-14% as Chennai’s scale reduces per-ton costs and premium export mix (Europe/US) offsets raw material volatility. The 2027-29 outlook targets 180,000-200,000 tons total volume and ₹2,000 cr revenue, with operating leverage driving margin expansion as fixed costs are absorbed by higher throughput.
companyname: Rajratan Global Wire Limited ticker: RAJRATAN sector: Auto Ancillaries / Tyre & Wire Products Rajratan Global Wire Limited manufactures steel wire products for the tyre industry and engineering sectors. It is a specialty steel wire company, not a commodity steel producer. Its core business is tyre bead wire, the steel wire embedded in the bead of a tyre that ensures a tight fit on the rim. Without bead wire, a tyre cannot hold its shape on the wheel. The company was incorporated i...
Read the full report →capex, margin expansion, new product segment, geographic expansion
15-20% volume growth for FY27; export target 35,000-40,000 tons
mixed
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