Rajratan Global Wire Ltd has been manufacturing world-class high carbon steel wire since the early nineties in its state-of-the-art plants in India and Thailand. The company is not only the leading manufacturer and supplier of bead wire in India but also the only manufacturer of bead wire in Thailand. The company was incorporated in 1988 and graduated from the traditional business of Iron & Steel trading to venture into manufacturing of bead wire for tyres in the early nineties, driven by the automobile boom in India.
Rajratan Global Wire Ltd is an India-based company engaged in the manufacturing of steel wires, deriving revenues primarily from the sale of tyre bead wire and other ancillary products. The company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires, and also produces drawn steel wire (black wire) which finds applications in various industries such as automobile, construction, and engineering.
The company has a modern factory at Pithampur, 25 km from Indore, a prominent industrial city in Central India. With its state-of-the-art plant, it produces high value steel wires with precise product characteristics. The company increased the capacity of its Indore plant from 36,000 to 72,000 MT per year in 2019, and set up the world's largest single coating line of 5,000 tonne per month capacity in 2019-20.
Rajratan Global Wire Company Limited, along with its wholly owned subsidiary, Rajratan Thai Wire Company Limited, is engaged in the business of manufacturing and sale of tyre bead wire. The company expanded the capacity of the Thailand plant by 50% to 60,000 MT in 2022, and the newly installed plating line at the Thailand factory was commissioned in 2023. The company also commissioned a greenfield unit in Chennai in 2023-24.
Bead wire is a drawn steel wire manufactured from high-carbon wire rods and coated with copper or bronze. It is used in all types of automobile tyres, as well as tyres for earth-moving equipment and aircraft. The primary function of bead wire is to secure the tyre to the rim and withstand the pressure exerted by inflation. Bead wire is the crucial link through which the vehicle load is transferred from rim to the tyre, which prevents vibration during driving.
The company's high carbon steel wire applications include mechanical spring, high-performance spring, 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: ₹251.42 crore as on March 2025 (Q4 FY25)
- Net Profit: ₹15.20 crore as on March 2025 (Q4 FY25)
- Consolidated net profit gained 63.27% to Rs 15.20 crore on a 15.14% increase in revenue to Rs 251.42 crore in Q4 FY25 over Q3 FY25.
- On a year-on-year basis, the company's net profit fell -24.94% in Q4 FY25 over Q4 FY24.
- EBITDA: Stood at Rs 33.33 crore in Q4 FY25, registering a de-growth of 3%, compared with Rs 34.41 crore in Q4 FY24.
- EBITDA Margin: Reduced to 13.26% in Q4 FY25, compared to 14.36% in the corresponding quarter the previous year.
- Revenue: ₹935 crore
- Profit: ₹58.8 crore
- Dividend payout has been low at 13.8% of profits over last 3 years.
- Market Capitalization: ₹2,094.05 crore (as of recent data). Market Cap was ₹2,135 crore (down -30.3% in 1 year).
- Promoter Holding: 65.1%.
During the last quarter, the Board of Directors approved the conversion of low-value-added black wire capacity to higher-value-added wire rope, which will empower the company to achieve similar profitability as its India bead wire business. The board approved procurement of machinery at its Pithampur plant for the production of value-added wire rope. The initiative involves converting the existing 12,000 TPA capacity of black wire into 10,000 TPA of wire rope, enhancing the company's product offerings.
The company incorporated a wholly owned subsidiary in the USA for marketing finished goods manufactured by the company as well as import of wire and its sale in USA in 2024.
With consistent quality, constant innovation, and dedicated customer service as its guiding principles, Rajratan has carved a niche for itself as one of the most trusted companies in its domain. RGWL is an ISO TS 16949 (2002) certified company for its entire range of automotive tyre bead wires. The company has been awarded the CII Significant Achievement Award in the Journey towards Manufacturing Excellence.
The board has recommended a final dividend of Rs 2 per equity share, subject to shareholder approval at the upcoming AGM for FY 2024-25. In the quarter ending March 2024, Rajratan Global Wire Ltd declared a dividend of ₹2 - translating to a dividend yield of 0.48%.
The company continues to focus on expanding its global footprint while maintaining its leadership position in the Indian tyre bead wire market, leveraging its technological capabilities and strategic geographical presence across India, Thailand, and now the USA.
