Financial Performance Overview
Rajratan Global Wire Limited reported strong financial results for FY 2025-26 with consolidated revenue growing 24% to ₹1,156.5 crore (₹11,565 million) from ₹935.25 crore in FY25. Net profit increased 19% to ₹70.11 crore (₹701.1 million) despite margin pressure from raw material costs. EBITDA grew 10% to ₹139.95 crore, though EBITDA margin declined to 12.10% from 13.57% in FY25 due to cost pressures.
Operational Highlights
The company achieved 19% growth in bead wire sales volumes with export sales surging 52% to ₹196.38 crore. Installed capacity reached 192,000 TPA across India and Thailand facilities, with the Chennai facility achieving full production of Phase 1 capacity and operational break-even. Thailand operations contributed 31% of consolidated EBITDA with 17% volume growth.
Sustainability and ESG Performance
The company implemented significant energy efficiency projects including redesign of strand pickling line tank system that reduced LNG consumption by 50%, replacement of conventional AHU blowers with EC blowers achieving 60% energy savings, and reuse of exhaust hot gas from CL lead bath saving approximately 75,000 kWh/year. Total energy consumption was 587,209.30 GJ with renewable energy consumption of 19,449 GJ. The company maintained 100% compliance on human rights assessments across all parameters including child labor, forced labor, sexual harassment, discrimination, and wages.
AGM and Corporate Governance
The 38th Annual General Meeting was convened on July 24, 2026 through video conference to approve financial statements, declare dividend of ₹2 per equity share, reappoint Yashovardhan Chordia as CEO & Deputy Managing Director for three years, and ratify cost auditor remuneration. E-voting was conducted through CDSL with July 17, 2026 as record date for dividend payment. The company maintained robust governance mechanisms including Code of Conduct, POSH Policy, and Whistleblower Mechanism with no grievances reported in FY25-26.
Financial Position and Capital Structure
Total assets stood at ₹819.56 crore with borrowings increasing to ₹324 crore (₹276 crore standalone). Net gearing ratio was 0.46 with net debt of ₹301.39 crore. Promoter holding remained stable at 65.21% with key holdings through Sunil Chordia family trusts. The company maintained investments in subsidiaries including Rajratan Thai Wire Co. Limited (enjoying BOI promotional privileges until April 2031) and Rajratan Wire USA Inc.
Audit and Compliance
Auditors Fadnis & Gupte LLP issued unqualified opinions on both standalone and consolidated financial statements, with revenue recognition identified as a key audit matter. The company confirmed full compliance with Companies Act, 2013, SEBI Listing Regulations, and all relevant MCA and SEBI circulars. CSR expenditure of ₹1.64 crore focused on healthcare and education initiatives.
Outlook and Strategic Initiatives
The company continues to focus on operational efficiency, capacity expansion, and sustainability initiatives while navigating raw material cost pressures. With strong export growth and diversified geographic presence across India, Thailand, and USA, Rajratan Global Wire is positioned for continued growth in the global bead wire market.