Rajratan Global Wire Stock Jumps 8% After Reporting 122% YoY Increase in Net Profit

Synopsis: After witnessing its revenue from operations grow by 38 percent, a bead wire manufacturer with a client list including MRF, Yokohama and Michelin saw its stock to be in the market spotlight.

A small cap stock in the business of manufacturing bead wire saw its stock surge by 8 percent soon after the company announced its outstanding Q3FY26 result. The company in context has a 10 year profit CAGR of 42 percent.

With a market cap of Rs 2,441 Cr, Rajratan Global Wire saw its stock hit an intraday high of Rs 505 which is 8 percent higher than the previous close of Rs 468. The company’s stock has given a compounded return of 35 percent in the last 5 years. 

The Q3FY26 Result

In the latest quarterly result Rajratan Global Wire has seen its revenue from operations increase by 38 percent YoY, from Rs 218 Cr in Q3FY25 to Rs 301 Cr in Q3FY26, while the QoQ increased by 2.3 percent from Rs 294 Cr. The net profits grew by 122 percent going from Rs 9 Cr in Q3FY25 to Rs 20 Cr in Q3FY26, while the QoQ increased by less than 1 percent from Q2FY26’s Rs 20.5 Cr to the current Rs 20.6 Cr.

In 9M numbers of the fiscal year, the company saw its revenue from operations increase by 23 percent YoY, from Rs 683 Cr in 9MFY25 to Rs 842 Cr in 9MFY26. The net profits for the same period grew by 25 percent going from Rs 43 Cr to Rs 54 Cr.

The company has a 3 year sales CAGR of 2 percent, while the TTM is at 8 percent. The company’s 5 year profit CAGR is at 12 percent, while the 3 year and TTM number is at negative 22 and 21 respectively.

Reappointment of Board Member

Post the result the company was announced, the company board has approved the re-appointment of Mr. Yashovardhan Chordia as Chief Executive Officer and Deputy Managing Director for a three-year term from April 21, 2026, to April 20, 2029. 

The decision was taken by the Board based on recommendations of the Nomination and Remuneration Committee. Mr. Yashovardhan Chordia has played a key role in expanding Rajratan’s Thailand operations, improving profitability, and driving the company’s global growth strategy.

Business Overview

Rajratan Global Wire Ltd, incorporated in 1988, is a leading manufacturer of high-carbon steel wire products, primarily bead wire used in automobile tyre production to ensure strength and durability. The company also manufactures drawn steel wire (black wire) catering to automobiles, construction, engineering, and infrastructure sectors. 

Headquartered in Indore, Madhya Pradesh, Rajratan Global Wire serves domestic and global markets with advanced manufacturing capabilities and consistent product quality. The company’s client list includes Apollo Tyres Ltd, Ceat, Mrf, Michelin, Yokohama, and Continental.

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