Introduction:
RAJRATAN GLOBAL WIRE LTD on 21st April annouced Capacity Expansion and a Dividend for Rs. 2 Per Share after, the results came out for Q4 FY24, profit rose QoQ basis 63 percent.

Surge in Share Price of Rajratan Global Wire Ltd:
With Market Captalization of Rs. 1973 crore, share price opens up at Rs. 330.05 per share and hits the upper band of Rs. 390.15 per share, Sudden price increase seen because company announces capacity expansion of black wire from 10,000 TPA to 12,000 TPA and Capactity Utilization of 95 to 100 percent, requirement of exta funds are Rs. 50 crores.

Financials of The Company:
with price to earning(P/E) ratio of 33.5 and marketcap of Rs. 1973 crore, Rajratan wire posts a 5 percent increase in revenue from Rs. 890 crores to Rs. 935 crores YoY basis and Net profit decreases -18 percent for the same period and if we see QoQ basis revenue increases 4.5 percent from Rs. 240 crore in march FY24 to Rs. 251 Crore in march FY25 and profit have seen a decline of 25 percent from Rs. 26 crore to Rs. 20 crore for the same period, But if we compare profit from last quater on QoQ basis it rises around 63 percent.

About The Company:
 Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering.

Disclamier:

This article is purely for knowlege purpose before any investment contact to your financial advisor.