Financial Performance Highlights
Rajratan Global Wire Limited reported strong financial results for FY 2025-26 with 24% revenue growth to ₹1,156.5 crore (from ₹935.25 crore in FY25) and 19% PAT increase to ₹70.11 crore. Standalone performance showed 22% revenue growth to ₹721.5 crore but a slight 4% decline in net profit to ₹44.78 crore. The company maintained its dividend payout at ₹2 per equity share, resulting in a total payout of ₹10.15 crore.
Operational Performance
Manufacturing capacity expanded to 192,000 TPA across India and Thailand facilities, with the Chennai plant achieving full Phase 1 utilization and operational break-even. Bead wire production reached 120,763 MT with 19% sales volume growth. Export sales contributed ₹196.38 crore (17% of total revenue), while domestic turnover stood at ₹958.78 crore. The company achieved 71% capacity utilization and maintained a 99.82% product acceptance rate.
Capital Structure and Investments
Total borrowings increased to ₹323.9 crore with secured borrowings of ₹324 crore. The company made significant investments including ₹14.4 crore in Lilac Ecoenergy for renewable energy and reported a 342% increase in capital advances to ₹13.29 crore. Property, plant and equipment stood at ₹616.81 crore net after depreciation.
ESG and Sustainability Initiatives
The company demonstrated strong ESG performance with zero sexual harassment cases, 100% compliance in human rights assessments, and implementation of Zero Liquid Discharge systems at Pithampur and Chennai plants. Energy consumption totaled 587,209.30 GJ with 50% from renewable sources. Water consumption intensity improved to 2.33 KL/INR Lakhs turnover. The company maintained silver EcoVadis rating and spent ₹16.4 crore on CSR initiatives focused on healthcare and education.
Corporate Governance
Yashovardhan Chordia was re-appointed as CEO & Deputy Managing Director for three years from April 2026. The board held 4 meetings during FY26 and maintained full compliance with SEBI LODR regulations. Promoters held 65.21% of paid-up share capital with no change in share capital structure.
Subsidiary Performance
Rajratan Thai Wire reported THB 1,406.39 lakhs in net revenues with 30-35% domestic market share. Rajratan Wire USA generated ₹99.71 crore turnover with ₹1.49 crore net profit. Both subsidiaries contributed to consolidated performance with Thailand operations planning expansion to 90,000 TPA by FY27-28.
Forward Outlook
The company targets medium-term revenue of ₹2,000 crore while maintaining EBITDA margins around 14%. Growth strategies include scaling operations through Project Uplift, expanding Thailand capacity, and strengthening US and European market presence. The company aims to sustain healthy RoCE while managing increased working capital requirements and higher debt levels.