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Economic Times
27-04-2025
- Business
- Economic Times
Smallcap rally fizzles out! Only 38 double-digit weekly gainers as India-Pakistan tensions escalate
The smallcap rally, which saw over 100 stocks delivering double-digit returns in the previous week, lost momentum sharply in the week gone by as only 38 stocks managed to clock double-digit gains. Analysts attribute this to profit booking set in after the recent sharp run-up. ADVERTISEMENT Rajratan Global Wire topped the smallcap gainers list with a 32% weekly gain, followed by Thyrocare Technologies (27.5%), Best Agrolife (27.4%), Peninsula Land (26.8%), and Carraro India (26.2%). Nearly 30 smallcaps, including Manorama Industries, Tanfac Industries, Mufin Green Finance, Butterfly Gandhimathi, and Welspun Specialty Solutions, delivered healthy weekly gains in the 10–20% range. In the midcap space, AU Small Finance Bank was the top performer, gaining 15%, followed by Tata Elxsi (14.5%), Coforge (12.1%) and Mphasis (11.6%). Among Sensex constituents, Tech Mahindra led the pack with an 11.9% gain, followed by HCL Technologies (9.8%) and Mahindra & Mahindra (6.8%). The sharp cooling in the number of double-digit gainers highlights that smallcap sentiment has turned cautious after last week's euphoria, with investors becoming more selective ahead of the earnings-heavy weeks ahead. ADVERTISEMENT Looking ahead, analysts expect stock-specific action to dominate with earnings season picking up pace. Foreign investors are likely to be on a wait-and-watch approach in the near term to overview the geopolitical tension. "However, India has historically shown resilience during such periods given the buoyant nature of its domestic economy. For long-term investors, it is fair to take this as an opportunity to accumulate quality stocks/sectors during further dips for long-term gains," said Vinod Nair, Head of Research, Geojit Financial Services. ADVERTISEMENT On the technical front, analysts say caution remains the need of the hour."Nifty has slipped after a consolidation on the daily chart, indicating a rise in bearish sentiment. Additionally, the index has fallen below its 200-DMA, signaling a potential re-entry into a bearish trend. Support is placed at 23800/23515 levels," said Rupak De, Senior Technical Analyst at LKP Securities. ADVERTISEMENT With data inputs from Ritesh Presswala (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times.) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
23-04-2025
- Business
- Business Standard
This smallcap stock zooms over 50% in 4 days; what's fuelling the rally?
Rajratan Global share price today: Shares of Rajratan Global Wire have rallied 19 per cent to ₹462 on the BSE in Wednesday's intra-day trade amid heavy volumes. The stock price of the smallcap auto components & equipments maker is trading higher for the fourth straight day, zooming 54 per cent during the period. At 10:23 am; Rajratan Global Wire was quoting 14 per cent higher at ₹443.20, as compared to 0.23 per cent rise in the BSE Sensex. The average trading volumes on the counter jumped multiple-fold, with a combined nearly 2 million equity shares having changed hands on the NSE and BSE. Rajratan Global Wire share past price movement Share price of Rajratan Global Wire had hit a 52-week high of ₹668 on April 23, 2024. Currently, the stock is trading 31 per cent lower from its 52-week high price. Since listing on May 22, 2020, the market price of Rajratan Global Wire has skyrocketed 1,083 per cent, or rose 12.5 times, from ₹37. What's fuelling the rally? In the fourth quarter (January to March) of the financial year 2024-25 (Q4FY25), Rajratan Global Wire has reported 63.3 per cent sequential growth in consolidated profit after tax (PAT) at ₹15.20 crore, from ₹12.34 crore in Q3FY25. However, on a year-on-year (YoY) basis, PAT declined 25 per cent from ₹20.25 crore in Q4FY24. Revenue grew 15.1 per cent Q-o-Q and 5 per cent Y-o-Y at ₹33.33 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins improved 124 bps to 13.26 per cent from 12.02 per cent in Q3FY25. Higher realisations, increased sales to marquee customers, deliberately low exposure to cycle tyre makers and sharper percentage increase in sales to automotive tyre companies, coated wire customers and exports, enhanced the company's profitability. ALSO READ | During the last quarter, its Board of Directors approved the conversion of low value-added black wire capacity to higher value-added wire rope which will empower the company to achieve similar profitability as its India bead wire business. June 2025 quarter (Q1FY26) outlook The management expects higher sales volumes in June 2025 quarter (Q1FY26) and better amortisation of fixed costs. The company expects increased capacity utilisation of the new Chennai plant and higher exports from India. The company's product is not affected by reciprocal US tariffs. 'On the overall we remain cautiously optimistic in a dynamic global scenario. We expect the scenario to play out positively for Rajratan, reinforcing our sustainable growth efforts. We look forward to commencing FY 2025-26 on a positive note,' the management said. Capacity addition or product launch The company's board of directors approved the procurement of machinery for the production of a new value-added product, Wire Rope, at the Pithampur plant. This strategic initiative is aimed at converting the existing 12,000 TPA capacity of Black Wire into 10,000 TPA of Wire Rope, thereby augmenting the overall value proposition and enhancing the Company's product portfolio. ALSO READ | About Rajratan Global Wire Rajratan Global Wire is a leading bead wire manufacturer and supplier of high quality products. The Company has a capacity of 72,000 TPA (60,000 TPA for bead wire) in India and 60,000 TPA in Thailand. The Company has set up a Greenfield unit in Chennai with a capacity to go up to 60,000 TPA, of which 30,000 TPA is currently being installed in Phase 1. The company is the only bead wire manufacturer in Thailand. The company is working towards increasing market share in the bead wire industry in both Thailand and India.
Business Standard
22-04-2025
- Business
- Business Standard
Rajratan Global Wire hits the roof after Q4 PAT gains 63% QoQ to Rs 15.20 cr
Rajratan Global Wire hit an upper circuit of 20% to Rs 388.55 after the company's consolidated net profit gained 63.27% to Rs 15.20 crore on a 15.14% increase in revenue to Rs 251.42 crore in Q4 FY25 over Q3 FY25. However, on a year-on-year basis, the companys net profit fell by 24.94%, despite a 4.74% increase in total income in Q4 FY25 over Q4 FY24. Profit before tax (PBT) in Q4 FY25 stood at Rs 20.06 crore, down 24.1% from Rs 26.43 crore recorded in the year-ago quarter. EBITDA stood at Rs 33.33 crore in Q4 FY25, registering the de-growth of 3%, compared with Rs 34.41 crore in Q4 FY24. The EBITDA margin reduced to 13.26% in Q4 FY25, compared to 14.36% recorded in the corresponding quarter the previous year. Total expenses jumped 8.3% YoY to Rs 231.92 crore in the fourth quarter of FY25. The cost of materials consumed stood at Rs 158.75 crore (up 5.16%), employee benefits expense was at Rs 11.37 crore (up 27.04% YoY), and finance costs were at Rs 7.48 crore (up 68.85% YoY) during the period under review. Sunil Chordia, chairman, said, The last quarter saw 8590% capacity utilization at the Thailand and Pithampur plants, boosting overall profitability. Improved volumes and strategic market focus strengthened the Chennai unit. Higher realizations, increased sales to premium clients, limited exposure to low-end cycle tire makers, and stronger export and auto sector demand significantly enhanced profitability. Standalone profits, adjusted for Chennais initial losses, more than doubled over Q3FY25 and matched Q4FY24 levels. The US tariff on our product remains unchanged, providing a fillip to our global ambition. During the last quarter, the Board of Directors approved the conversion of our low-value-added black wire capacity to higher-value-added wire rope, which will empower us to achieve similar profitability as our India bead wire business. Overall, we remain cautiously optimistic in a dynamic global scenario. We expect the scenario to play out positively for Rajratan, reinforcing our sustainable growth efforts. We look forward to commencing FY2025-26 on a positive note. Meanwhile, the board has recommended a final dividend of Rs 2 per equity share, subject to shareholder approval at the upcoming AGM for FY 202425. In a strategic move, the board also approved procurement of machinery at its Pithampur plant for the production of value-added wire rope. The initiative involves converting the existing 12,000 TPA capacity of black wire into 10,000 TPA of wire rope, enhancing the companys product offerings. Rajratan Global Wire is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires.
Business Standard
22-04-2025
- Business
- Business Standard
Rajratan Global Wire consolidated net profit declines 24.94% in the March 2025 quarter
Sales rise 4.95% to Rs 251.42 crore Net profit of Rajratan Global Wire declined 24.94% to Rs 15.20 crore in the quarter ended March 2025 as against Rs 20.25 crore during the previous quarter ended March 2024. Sales rose 4.95% to Rs 251.42 crore in the quarter ended March 2025 as against Rs 239.57 crore during the previous quarter ended March 2024. For the full year,net profit declined 18.15% to Rs 58.80 crore in the year ended March 2025 as against Rs 71.84 crore during the previous year ended March 2024. Sales rose 5.03% to Rs 935.25 crore in the year ended March 2025 as against Rs 890.45 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 251.42239.57 5 935.25890.45 5 OPM % 13.2614.36 - 13.5714.34 - PBDT 26.4130.98 -15 100.47111.53 -10 PBT 20.0626.43 -24 77.3693.81 -18 NP 15.2020.25 -25 58.8071.84 -18
