Rajratan Global Wire Limited: A New Era of Growth in Q2 FY26

In Q2 FY26, Rajratan Global Wire Limited reported a 20% year-on-year revenue growth on a consolidated basis. The company achieved its highest-ever consolidated volumes, crossing 32,000 MT, and recorded its highest EBITDA in 13 quarters at Rs 40 crore.

The new Chennai plant turned profitable within 12 months of commissioning, achieving 60% capacity utilization in the latter half of Q2 FY26. It helped service proximate customers, liberated the Pithampur plant for other markets, and generated 33% of its revenues from exports.

The company aims to reach a total export volume of approximately 40,000 tons in the next financial year (FY27). Exports are currently directed to Southeast Asia, Europe, and North America, with plans to explore markets like Japan.

Rajratan plans to invest Rs. 20-25 crore for the Phase 2 expansion of its Chennai plant, with equipment expected by Q1-Q3 FY27. Additionally, Rs. 70 crore is allocated for a pilot wire rope business project at Pithampur, with production starting in Q1 FY27.

Management expects the EBITDA margin to range between 13-15%, noting that achieving anything beyond 15% would require favorable market tailwinds.

The company is focusing on increasing volumes, optimizing cost structures, and leveraging strategic locations to remain competitive. In Thailand, it is profitably competing with Chinese imports, and in India, it is expanding market reach to West and North India from the Indore plant.

Rajratan is implementing rigorous sustainability practices, including establishing net-zero targets, adopting green energy (solar installations in Thailand and Chennai), enhancing resource efficiency through recyclable packaging and chemical reuse, and engaging in community development.