Stock Verdict Rajratan Global 2023-07-05

Report as on 5 July 2023 at 01:08 AM
3 CONSECUTIVE NEGATIVE
RESULTS
Mildly Bearish Rajratan
Technical Trend
Global
Very Expensive
Valuation Sell
Market CMP: 830.10

Underperformance
STOCK INFO:
Last 1 Year BSE – 517522/ NSE – RAJRATAN
Market Cap - Small Cap (Rs. 4,229 cr)
Sector – Auto Anc
52 w H/L (Rs.) – 1409.1/697.6
Dividend Yield: 0%
Debt Equity: 0.36%
Return on Equity: 22.79%
Price to Book: 9.64
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Rajratan Global
CMP: 830.10 34 Sell
Report as on 5 July 2023 at 01:08 AM
Strong Sell Sell Hold Buy Strong Buy
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WHY IT’S A SELL? IS THIS STOCK FOR YOU?

High Risk, Low Return (1 Year)
The company has declared Negative results for
the last 3 consecutive quarters Absolute Risk Volatility
-PAT(Q) Lowest at Rs 20.27 cr. Adjusted
-NET SALES(Q) At Rs 219.43 cr has Fallen at -5.0 % Rajratan Global 11.79% 0.24 49.99%
-PBDIT(Q) Lowest at Rs 33.79 cr.
SENSEX 23.00% 1.95 11.81%
Stock is technically in a Mildly Bearish range
-The technical trend has deteriorated from Sideways How much should you sell? - All quantity irrespective of
whether you are making profits or losses
on 23-Jun-23
When to re-enter? - We will constantly monitor the
-Multiple factors for the stock are Mildly Bearish like company and review our call based on new data
MACD, KST and DOW
With ROCE of 24.1, it has a Very Expensive RETURNS SUMMARY (Price + Dividend)
valuation with a 7.3 Enterprise value to Capital The stock gave a total returns of 11.79% in the last 1 year
Employed Underperforming Sensex returns of 23.00%
-The stock is trading at a discount compared to its 4000%
average historical valuations

-Over the past year, while the stock has generated a 2000%
return of 11.79%, its profits have fallen by -19.5%

0%
Underperformed the market in the last 1 year
-The stock has generated a return of 11.79% in the
-2000%
last 1 year, much lower than market (BSE 500)
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Rajratan Global Wire Ltd SMLCAP
WHAT ARE OTHER FACTORS? Investors Returns (3 years) –

High Management Efficiency with a high ROCE of Period 6M 1Y 2Y 3Y
23.09%
Stock (%) -4.56% 11.79% 147.45% 1593.74%
Sector (%) 20.08% 20.08% 29.15% 131.23%
Sensex (%) 7.95% 23.00% 24.76% 81.78%
DO YOU HAVE OTHER BETTER CHOICES?

Within same sector Within same market cap
GNA Axles Ltd. GNA Axles Ltd.
Get Verdict Report Get Verdict Report
MOJO PROFESSIONAL 1
Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM
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MOJO PROFESSIONAL 2
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FINANCIAL TREND
THE COMPANY HAS DECLARED NEGATIVE

RESULTS FOR THE LAST 3 CONSECUTIVE
QUARTERS
Near term PBT trend is negative

Rs 25.0 PBT less Other Income (Rs Cr)
Lowest at Rs 24.95 cr.
39.53
44.3
cr in the last five quarters 29.11 28.67

24.95
PBT - Quarterly
Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Near term PAT trend is very 37.03

34.54
Rs 20.3 negative
cr PAT (Rs Cr) 23.31 22
20.27
Lowest at Rs 20.27 cr. and Fallen
PAT - Quarterly each quarter in the last five quarters
Near term sales trend is negative 247.57 251.43
-5.0% Net Sales (Rs Cr)

At Rs 219.43 cr has Fallen at -5.0 %
224.56
199.95
219.43
Sales Growth over average Net Sales of the previous four quarters
of Rs 230.88 Cr
MOJO PROFESSIONAL 3
FINANCIAL TREND
Near term Operating Profit trend

is negative
Rs 33.8 cr 47.55
52.71
Operating Profit (Rs Cr)

Operating Profit Lowest at Rs 33.79 cr.
37.68 37.76
33.79
- Quarterly in the last five quarters
Company's efficiency has

15.4% deteriorated 20.96
19.21 18.88
Operating Profit to Sales 16.78
15.4
Operating Profit Lowest at 15.40%
Margin - in the last five quarters
Quarterly
Declining profitability; company

Rs 4.0 cr has created lower earnings for 22.97
shareholders
Earnings per
EPS (Rs)
Share (EPS) -
Lowest at Rs 3.99
Quarterly 7.3 6.81
in the last five quarters 4.33 3.99
Mar'23 Dec'22 Change%

Net Sales 219.4 200.0 9.7%
Key Operating Profit (PBDIT) excl Other Income 33.8 37.8 -10.5%
Result Interest 4.0 4.5 -10.6%
Highlights Exceptional Items 0.0 0.0
Consolidated Net Profit 20.3 22.0 -7.9%
Operating Profit Margin (Excl OI) 15.4 18.9 -3.5%
Consolidate- figures in Rs
Cr
MOJO PROFESSIONAL 4
TECHNICALS
STOCK IS TECHNICALLY IN A MILDLY

BEARISH RANGE
Mildly Bearish Daily Moving Averages indicating near term price weakness
Current Price 50 Day Moving Average 200 Day Moving Average
830.10 800.00 878.97
Factors with downward momentum

Indicator Technical Trend
MACD Mildly Bearish (monthly)
KST Mildly Bearish (monthly)
Dow Theory Mildly Bearish (weekly)
Underperformed the market in the last 1 year

3 Months 1 Year 3 Years
22.43% 1574.26%
13.14%
11.79%
4.70%
90.44%
Stock BSE 500 Stock BSE 500 Stock BSE 500
MOJO PROFESSIONAL 5
VALUATION
WITH ROCE OF 24.1, IT HAS A VERY

EXPENSIVE VALUATION WITH A 7.3
ENTERPRISE VALUE TO CAPITAL
EMPLOYED
Expensive
Very Expensive Rajratan

Suprajit Global
Engg.
valuation
Jupiter Wagons
Valuation Varroc Engineer Minda Corp
as compared to its Fundamentals

Attractive
Weak Fundamental Strong
Very
Enterprise value to Capital Employed vs ROCE
40 16
Fundamental
Attractive
Valuation
20 8
0 0
as compared to its
3
19
20
21
22
8
02
01
01
02
02
02
past valuations
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Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
Valuation Rajratan Global Very Expensive 9.6 42.2 0 0%
Multiples Jupiter Wagons Expensive 8.6 57.4 0.6 0%

vs Peers Minda Corp Fair 4.3 23.8 0.3 0.4%
Suprajit Engg. Very Expensive 4.7 37.5 0 0.5%
Varroc Engineer Fair 5.3 -6.3 0 0%
MOJO PROFESSIONAL 6
RETURNS
UNDERPERFORMED THE MARKET IN THE

LAST 1 YEAR
The stock has generated 3000%
a return of 11.79% in the
last 1 year, much lower 2000%
11.79% than market (BSE 500) 1000%
returns of 22.43% 0%
UP -1000%
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Rajratan Global Wire Ltd BSE500
Inconsistent Performance against Small Cap

companies
Rajratan Global Wire Ltd has not been a
consistent performer in the YTD
4th
Quartile
1st
Quartile
1st
Quartile
Stock has been in the 1st quartile in 2022 and
in 4th in YTD period
YTD 2022 2021

-7.00% 121.56% 358.82%
Company 1 Month 3 Month 1 Year 3 Years

Rajratan Global 7.95% 4.7% 11.79% 1574.26%
Return Samvardh. Mothe. 5.86% 25.94% 9.83% 31.44%
Comparison
Bosch 1.77% -1.79% 19.63% 62.06%
with Peers
Closest peers by Uno Minda -2.61% 19.83% 16.49% 290.62%
market cap
Motherson Wiring -0.19% 16.92% 10.38% -
MOJO PROFESSIONAL 7
FACTORS
WORKING
FOR THE COMPANY

MOJO PROFESSIONAL 8
MANAGEMENT RISK
HIGH MANAGEMENT EFFICIENCY WITH A

HIGH ROCE OF 23.09%
ROCE
The company has been able to generate a Return on Capital
23.09% ROCE
Employed (avg) of 23.09% signifying high profitability per unit
of total capital (equity and debt)
Dividend Payout Ratio

An average Dividend Pay-out ratio of 8.16% may signify the
8.16%
Dividend Payout Ratio
company is not able to payback profits to shareholders at this
point
Tax Ratio
High Tax Ratio signifies that the profits generated by the
23.19% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes
Institutional Holding
Low Institutional Holdings at 8.66%- These investors have
8.66%
Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors
MOJO PROFESSIONAL 9
CAPITAL STRUCTURE
STRONG ABILITY TO SERVICE DEBT AS THE

COMPANY HAS A LOW DEBT TO EBITDA
RATIO OF 1.50 TIMES
Total Debt Debt to Equity Ratio
Average Debt to Equity Ratio Mar 2023 171.29 0.68
Company’s average Debt to Equity ratio over the past few years Mar 2022 198.90 0.74
is average at 0.68 times
Mar 2020 145.26 0.90
No clear trend in Debt to Equity Ratio numbers Mar 2019 171.49 0.91
Total Debt Debt to EBITDA Ratio

Low Debt to EBITDA Ratio Mar 2023 171.29 1.5
Company’s average Debt to EBITDA ratio over the past few Mar 2022 198.90 1.81
years is low at 1.80 times
Mar 2020 145.26 2.18
No clear trend in Debt to EBITDA Ratio numbers Mar 2019 171.49 2.24
Total Debt EBIT to Interest

Healthy EBIT to Interest Mar 2023 171.29 6.66
Company has healthy average EBIT to Interest ratio of 6.66 Mar 2022 198.90 5.54
times
Mar 2020 145.26 3.32
EBIT to Interest has seen a high growth of 20% over previous Mar 2019 171.49 3.11
period
MOJO PROFESSIONAL 10
GROWTH
HEALTHY LONG TERM GROWTH AS

OPERATING PROFIT HAS GROWN BY AN
ANNUAL RATE 41.22%
Net Sales of 21.0% CAGR 1000Cr

892 895
21.0% No clear trend in Net Sales numbers

750Cr
CAGR
492 480
500Cr
344
250Cr
0Cr
Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023
High Growth in Operating 200Cr
Profit of 41.2% CAGR

41.2%
166
150Cr 143
Company’s Operating Profit has fallen
CAGR after increasing for 3 consecutive
periods 100Cr
Company’s Operating Profit growth 55

has fallen after increasing for 3 50Cr 43
consecutive periods 25
Operating Profit has seen a high fall of 0Cr

-13.86% over previous period Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023
Net Profit of 44.5% CAGR 150Cr
44.5%
124
Company’s Net Profit has fallen after
increasing for 3 consecutive periods
CAGR
100
100Cr
Company’s Net Profit growth has
fallen after increasing for 3
consecutive periods
50Cr
Net Profit has seen a high fall of - 26
33
19.35% over previous period 15
0Cr
RESULT
ANALYSIS 
QUARTERLY VARIANCE
QUARTER RESULTS VARIANCE ANALYSIS

Mar'23 Dec'22 QoQ Mar'22 YoY Comments
Total Operating income 219 200 9.7% 248 -11.4%
Total Expenditure (Excl Depreciation) 186 162 14.5% 200 -7.2%
Operating Profit (PBDIT) excl Other Income 34 38 -10.5% 48 -28.9% Fall in previous quarter and same
quarter last year
Other Income 1 -1 -191.3% 1 16.7%
Operating Profit (PBDIT) 35 37 -6% 48 -28.3% Fall in previous quarter and same
quarter last year
Interest 4 4 -10.6% 4 -1.2% QoQ and YoY decrease
Exceptional Items 0 0 0% 0 0%
Depreciation 5 5 4.7% 4 21.8% QoQ and YoY increase
Profit Before Tax 26 28 -7.1% 40 -35.9% Fall in previous quarter and same
quarter last year
Tax 6 6 -4% 3 71.4%
Provisions and contingencies 0 0 0% 0 0%
Net Profit 20 22 -7.9% 37 -45.3% Fall in previous quarter and same
quarter last year
Share in Profit of Associates 0 0 0% 0 0%
Minority Interest 0 0 0% 0 0%
Other related items 0 0 0% 0 0%
Consolidated Net Profit 20 22 -7.9% 37 -45.3% Fall in previous quarter and same
quarter last year
Consolidate results triggered in Rs Cr
Margins
Mar'23 Dec'22 Sep'22 Jun'22 Mar'22 Avg. (4 Comments
Qtrs)
OPM 15.4% 18.9% 16.8% 21.0% 19.2% 19.0% Lower than average (4 Qtrs)
GPM 14.0% 16.2% 15.8% 19.9% 17.9% 17.4% Lower than average (4 Qtrs)
NPM 9.2% 11.0% 10.4% 13.7% 15.0% 12.5% Lower than average (4 Qtrs)
ANNUAL RESULT
NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2023 IS 0.28% VS 63.37% IN MAR 2022
Consolidated Net Profit: YoY Growth in year ended Mar 2023 is -19.47% vs 134.01% in Mar
2022
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2023 is -
10.82% vs 97.14% in Mar 2022
Interest: YoY Growth in year ended Mar 2023 is 9.01% vs 15.24% in Mar 2022 0.28%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2023 has fallen from Mar NET SALES
2022
Mar'23 Mar'22 Change(%)

Net Sales 895.37 892.86 0.28%
Key Operating Profit (PBDIT) excl Other Income 161.94 181.59 -10.82%
Annual Interest 16.82 15.43 9.01%
Results Exceptional Items 0.00 0.00
Consolidated Net Profit 100.12 124.33 -19.47%
Operating Profit Margin (Excl OI) 18.09 20.34 -2.25%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year
Net Sales-YoY Growth in year ended Mar 2023 is 0.28% vs Consolidated Net Profit-YoY Growth in year ended Mar 2023
63.37% in Mar 2022 is -19.47% vs 134.01% in Mar 2022
1000 892.86 895.37 200
124.33
492.89 546.54 100.12
480.21
500 100
53.13
26.71 33.04
0 0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2023 is -10.82% vs 97.14% in Mar 2022 Mar 2023 has fallen from Mar 2022
200 181.59 40
161.94
92.11 20.34 18.09

100 20 16.85
68.02 14.16
52.40 10.63
0 0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Figures in Rs Crore
BALANCESHEET AND CASHFLOW
BALANCE SHEET AND CASH FLOW

ANALYSIS
-3.92% Borrowings
Mar'22
136.71
Mar'21
142.29
Change%
-3.92%
Increase
Other Long Term Liabilities 0.16 0.09 77.78%
Fixed Assets 311.04 250.82 24.01%
Investments 0.00 0.00
in Borrowings in quarter Current Assets 283.74 182.81 55.21%
ended Mar 2022 vs in
Figures in Rs Cr
Mar 2021
Other Long Term Liabilities: YoY Growth in year ended Mar 2022 is 77.78% vs 28.57% in Mar 2021
Fixed Assets: YoY Growth in year ended Mar 2022 is 24.01% vs 5.02% in Mar 2021
Investments: No Investments in the last few periods;
Current Assets: YoY Growth in year ended Mar 2022 is 55.21% vs 33.48% in Mar 2021
Cash From Operation - YoY Growth in year ended Mar

207.83% 2022 is 207.83% vs -24.67% in Mar 2021
Mar'22 Mar'21 Change%
GROWTH Cash Flow from Operating Activities 119.16 38.71 207.83%
Figures in Rs Cr
150
119.16
100
47.51 51.39
50 38.53 38.71
0
SHAREHOLDING
MAJORITY SHAREHOLDERS : PROMOTERS
Majority shareholders: Promoters

Pledged Promoter Holdings: None
Mutual Funds
7.73%
Mutual Funds: Held in 2.00 Schemes (7.73%) FIIs

0.62%
FIIs: Held by 21 FIIs (0.62%) Non Institution
26.24%
Promoter with highest holding: Rajratan Investments Limited
(18.44%)
Other DIIs
Promoters 0.31%
Highest Public shareholder: Sbi Small Cap Fund (7.62%)

65.1%
Individual Investors Holdings: 23.39%
Promoter holding-Promoter holding has increased by 0.1% FII Holdings-FII holding has increased by 0.09%
100% 1%
65.00% 65.00% 65.00% 65.00% 65.10% 0.62%

0.53%
50% 0.5%
0.18%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0% 0%
Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
MF Holdings-MF holding has decreased by -0.1% Other DII Holdings-Other DII holding has decreased by -
0.01%
10%
8.06% 8.03% 7.88% 7.83% 7.73%
0.5%
0.32% 0.31%
5%
0.25%
0.12%
0%
0.00% 0.01%
Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 0%
Figures in Rs Crore
PEER COMPARISION
PEER COMPARISON
Rajratan Global Suprajit Engg. Varroc Engineer Jamna Auto Shanthi Gears
Inds.
Size
Market Cap (Cr.) 4,224 5,706 5,191 4,092 3,621
Annual Sales (TTM) (Cr.) 895 2,752 6,863 2,325 446
Annual Net Profit (TTM) (Cr.) 100 152 -820 168 67
Growth Factors (TTM)
Net Sales Growth 1 year 0.3% 49.6% -36.2% 35.4% 32.2%
Operating Profit Growth 1 year -13.4% 1.9% 131.7% 16.3% 58.9%
Net Profit Growth 1 year -19.5% -6.7% 24% 19.6% 57.9%
Net Sales Growth 5 year 21% 14% -7.8% 6.2% 15.8%
Operating Profit Growth 5 year 41.2% 0.7% -15.7% 3% 30%
Net Profit Growth 5 year 44.5% 1.9% -212.7% 6.1% 18.6%
Capital Structure Factors
EBIT to Interest 8.6 5.8 1.1 88.2 79
Debt to EBITDA 1.1 2.4 3.3 0.1 0
Net Debt to Equity 0.4 0.1 1.5 -0 -0.4
Sales to Capital Employed 1.5 2 2.8 3.1 2.4

Management Quality Factors
ROCE (latest) 24.1% 14.7% 8.7% 29.1% 39.7%
ROE(latest) 22.8% 12.4% -84% 21.5% 23.1%
Tax Ratio 23.2% 30.9% 50.5% 26.6% 25.7%
Operating CF to Net Profit 95.8% 111.4% -58.9% 0.8% 82.4%
Dividend Payout Ratio 8.2% 16% - 40.9% -
Valuation Factors
PE Ratio 42.2 37.5 -6.3 24.3 54
Price to Book 9.6 4.7 5.3 5.2 12.5
PEG Ratio - - - 1.2 0.9
Dividend Yield - 0.5% - 1.8% 0.7%
EV to EBITDA 27.1 19.5 12.1 15.6 38.9
EV to Capital Employed 7.3 4.2 2.7 5.4 21.1
Shareholding
Promoter Holdings 65.1% 44.6% 75% 50% 70.5%
Promoter Pledged Holdings - - - 3.8% -
Total Institutional Holding 8.7% 21% 17.1% 21.4% 4.5%
FII Holdings 0.6% 5.1% 5% 6.2% 3.7%
Returns
1 Month 7.4% 6.9% 10.2% 2.9% 8.7%
3 Months 4.2% 18.5% 32.7% 1.9% 27.7%
YTD -7.5% 25.1% 14.2% -1.6% 36%
1 Year 11.2% 23.7% 9.7% -20.8% 100.7%
3 Years 1566% 170.6% 84.8% 212% 436.6%
COMPANY BACKGROUND
COMPANY BACKGROUND
About the Company

Rajratan Global Wire Company Limited along with its wholly owned subsidiary, M/s.
INDUSTRY : Auto Anc Rajratan Thai Wire Company Limited is engaged in the business of manufacturing
and sale of Tyre Bead Wire. In addition, the Company has a Wind Mill located in
India for generation of electricity.RGWL has most modern factory at Pithampur,
4,229 cr (Small Cap) which is 25 Km from Indore, a prominent industrial city in Central India.
Board of Directors
S S Mehta Independent Director
Abhishek Dalmia Director
Sunil Chordia Chairman & Managing Director
SHUBHAM JAIN Company Sec. & Compli. Officer
Rajesh Mittal Independent Director
4 more board of directors
Company Coordinates
Company Details: Registrat Details:

Rajratan House, 11/2, Meera Path, Dhenu Market, Indore Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S
Madhya Pradesh : 452003 Marg, Bhandup , Mumbai
Tel: 0731-2546401 Fax: 91-022-25946979/91-022-25960329
Fax: 0731-2542534 Email: helpdesk@linkintime.co.in
Email: investor-cell@rgwl.co.in
Website: www.rgwl.co.in
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Stock Verdict Rajratan Global 2023-07-05

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Stock Verdict Rajratan Global 2023-07-05

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Report as on 5 July 2023 at 01:08 AM

Market CMP: 830.10

WHY IT’S A SELL? IS THIS STOCK FOR YOU?

average historical valuations

return of 11.79%, its profits have fallen by -19.5%

Rajratan Global Wire Ltd SMLCAP

WHAT ARE OTHER FACTORS? Investors Returns (3 years) –

DO YOU HAVE OTHER BETTER CHOICES?

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis Report was

Some factors/data, as well as the buy/sell/hold call

To access the LATEST version of this report.

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

THE COMPANY HAS DECLARED NEGATIVE

Near term PBT trend is negative

cr in the last five quarters 29.11 28.67

Near term PAT trend is very 37.03

Near term sales trend is negative 247.57 251.43

-5.0% Net Sales (Rs Cr)

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

Near term Operating Profit trend

Operating Profit (Rs Cr)

Company's efficiency has

Declining profitability; company

Mar'23 Dec'22 Change%

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

STOCK IS TECHNICALLY IN A MILDLY

830.10 800.00 878.97

Factors with downward momentum

Underperformed the market in the last 1 year

Stock BSE 500 Stock BSE 500 Stock BSE 500

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

WITH ROCE OF 24.1, IT HAS A VERY

Very Expensive Rajratan

Valuation Varroc Engineer Minda Corp

as compared to its Fundamentals

Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Multiples Jupiter Wagons Expensive 8.6 57.4 0.6 0%

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

UNDERPERFORMED THE MARKET IN THE

11.79% than market (BSE 500) 1000%

Inconsistent Performance against Small Cap

YTD 2022 2021

Company 1 Month 3 Month 1 Year 3 Years

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

HIGH MANAGEMENT EFFICIENCY WITH A

Dividend Payout Ratio

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

STRONG ABILITY TO SERVICE DEBT AS THE

Total Debt Debt to EBITDA Ratio

Total Debt EBIT to Interest

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM

HEALTHY LONG TERM GROWTH AS

Net Sales of 21.0% CAGR 1000Cr

21.0% No clear trend in Net Sales numbers

High Growth in Operating 200Cr

Profit of 41.2% CAGR

Company’s Operating Profit growth 55

Operating Profit has seen a high fall of 0Cr

Net Profit of 44.5% CAGR 150Cr

19.35% over previous period 15

Rajratan Global SELL | Report as on 5 July 2023 at 01:08 AM