Rajratan Global Wire Limited (RAJRATAN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-110.3%

-₹43.51

vs ₹421.70 price

Levered DCF

-₹140.38

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.52

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.88×	25.42×	43.38×	37.69×	21.07×	14.98×	5.73×	7.09×
P/B	2.57×	2.67×	6.33×	8.59×	7.68×	3.51×	1.09×	1.33×
P/S	1.45×	1.6×	3.5×	4.21×	2.93×	1.46×	0.39×	0.38×
EV / EBITDA	14.01×	13.38×	25.21×	24.18×	15.21×	10.22×	4.97×	6.03×
Gross margin	32.0%	37.0%	16.9%	20.9%	37.7%	35.6%	35.7%	30.0%
Operating margin	9.7%	11.1%	12.5%	16.3%	18.7%	14.3%	11.6%	8.8%
Net margin	6.1%	6.3%	8.1%	11.2%	13.9%	9.7%	6.9%	5.4%
Current ratio	1.21×	1.3×	1.23×	1.25×	1.34×	1.28×	0.98×	0.9×
Debt / equity	0.5×	0.42×	0.39×	0.39×	0.4×	0.63×	0.84×	0.96×
Interest coverage	3.93×	3.69×	5.71×	8.65×	11.01×	6×	4.18×	4×
Dividend yield	0.6%	0.7%	0.3%	0.3%	0.3%	0.0%	1.8%	0.3%
Payout ratio	14.5%	17.3%	14.1%	10.1%	6.5%	0.0%	10.6%	2.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.8%	10.5%	14.6%	22.8%	36.5%	23.5%	19.1%	18.8%
Return on invested capital	8.8%	9.7%	12.3%	17.9%	27.8%	16.5%	12.8%	11.7%
Return on assets	6.0%	6.1%	8.7%	13.5%	20.2%	12.1%	8.7%	8.0%
Free cash flow yield	-4.1%	-0.2%	-0.5%	-0.1%	1.2%	1.1%	2.7%	-12.7%
Earnings yield	4.2%	3.9%	2.3%	2.7%	4.7%	6.7%	17.5%	14.1%
Enterprise value	₹19.6B	₹17.2B	₹33B	₹39.4B	₹27.6B	₹9.4B	₹3.3B	₹3.3B
Net debt / EBITDA	2.05×	1.76×	1.43×	1.03×	0.75×	1.53×	2.16×	2.54×
Cash conversion cycle (days)	64	59	46	51	53	80	66	66