Rajratan Global Wire Stock Price Analysis and Quick Research Report. Is Rajratan Global Wire an attractive stock to invest in?

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Rajratan Global Wire is performing and if it is the right time to buy the stock of Rajratan Global Wire with detailed analysis.

• The mainstream of revenue for Auto Sector is their sales, Rajratan Global Wire has reported poor sales growth of 6.3005 % and in the latest quarter sales was Rs 158.38 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 11.0482 times for Rajratan Global Wire . It is managing its inventory poorly .
   
• Rajratan Global Wire reported Profit loss of -17.0697 % over the year, where the latest year profit is Rs 46.3 Cr compared to the previous year of Rs 55.83 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
   
• The operating profit of Rajratan Global Wire in the latest quarter is Rs 23.98 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
   
• Rajratan Global Wire has a average ROE of 12.6536 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Rajratan Global Wire has a low Debt to Equity ratio of 0.4809.
   
• Rajratan Global Wire pays a dividend of 2 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.5058 %.
   
• The share of promoter in Rajratan Global Wire is high at 65.14 %, where the pledging is 0 %.
   
• What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Rajratan Global Wire is 44.635081488854 compared to the 5 year average PE of 39.6162569067808 .
   
• Share Price: - The current share price of Rajratan Global Wire is Rs 394.65. One can use valuation calculators of ticker to know if Rajratan Global Wire share price is undervalued or overvalued.