Rajratan Global Wire Limited
RAJGLOWIR.BO
Bombay Stock Exchange786.65
INR
+7.20
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Rajratan Global Wire Limited
RAJGLOWIR.BO
(Bombay Stock Exchange)
Recent
price
786.65
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Rajratan Global Wire Limited manufactures tyre bead wire and high carbon steel wire for the automotive, construction, engineering, aircraft, earth-moving equipment, and infrastructure sectors; tyre bead wire, a bronze-coated drawn steel wire from high-carbon rods that secures tyres to rims, serves automobile, two-wheeler, aircraft, and off-road tyres; high carbon steel wire, known as black wire, produces springs and high-strength applications; the company recently introduced 10,000 TPA wire rope production at its Pithampur facility as forward integration from black wire to tap infrastructure demand in Asia and exports; it commissioned a greenfield Chennai facility in 2023-24 with initial 30,000 TPA bead wire capacity, scalable to 60,000 TPA, starting commercial production in August 2024 to enhance southern India supply to tyre makers and global reach; Rajratan aims to triple exports by FY26 via tyre bead wire and high carbon steel wire into Europe and the US, leveraging Chennai capacity, while developing sustainable bead wire from recycled materials and EV tyre wires, alongside high tensile wires; operations span India with facilities in Pithampur (72,000 TPA) and Chennai, plus a 60,000 TPA plant in Ratchaburi, Thailand via wholly-owned subsidiary Rajratan Thai Wire Company Limited, yielding consolidated capacity over 192,000 TPA; founded in 1988 and headquartered in Indore, Madhya Pradesh, India, it holds leading market share at 42% in India and sole large-scale bead wire production in Thailand.