Rajnandini Metal is a well-established company in India, engaged in various aspects of the metal industry. Here’s a summary of what I found about them:
About Rajnandini Metal:
- Core Business: Manufacturing and trading of metal products, primarily copper and copper alloys. They also deal in steel, iron, iron alloy, castings, chemicals, furnace oils, and petroleum products.
- Product Range: Their product portfolio includes copper rods, wires (including fine and multi-stranded), cables (submersible, bunched, house wires), and even home appliances like MCBs, switch gears, and LED lighting.
- Clientele: They cater to a diverse clientele across various industries, including steel, automotive, engineering, construction, chemical, and electronics.
- Manufacturing: They possess highly sophisticated technology and imported machinery, enabling them to manufacture high-grade copper products.
- Brands:Â They market their products under the brand names “RML Wires & Cables” and “Rajnandini.”
- Financials: The company has shown positive financial performance in recent years, with good profit growth and healthy return on equity. They also maintain a decent dividend payout ratio.
- Stock Performance:Â Rajnandini Metal is a publicly traded company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
Rajnandini Metal Overview
| Feature | Description |
|---|---|
| Core Business | Manufacturing & trading of metal products (copper, copper alloys, steel, iron, castings, chemicals, furnace oils, petroleum products) |
| Product Range | Copper rods, wires (fine & multi-stranded), cables (submersible, bunched, house wires), home appliances (MCBs, switch gears, LED lighting) |
| Clientele | Steel, automotive, engineering, construction, chemical, electronics industries |
| Manufacturing | Sophisticated technology & imported machinery for high-grade copper products |
| Brands | RML Wires & Cables, Rajnandini |
| Financials | Positive performance, good profit growth, healthy return on equity, decent dividend payout |
| Stock Performance | Publicly traded on BSE & NSE |
| Website | http://www.rajnandinimetal.com/ |
| Headquarters | Delhi, India |
| Year of Establishment | 2010 |
Rajnandini Metal Products
| Category | Product |
|---|---|
| Copper Products | Rods, Wires (fine & multi-stranded), Cables (submersible, bunched, house wires) |
| Home Appliances | MCBs, Switch gears, LED lighting |
Rajnandini Metal Fundamentals
| Feature | Value |
|---|---|
| Market Capitalization | ₹2,916.86 Crore |
| Revenue | ₹1,005.60 Crore |
| EBITDA | ₹267.94 Crore |
| EPS | ₹11.25 |
| P/E Ratio | 16.37 |
| P/B Ratio | 7.13 |
| Dividend Yield | 1.49% |
Rajnandini Metal Revenue and Net Profit
| Period | Revenue (Crore) | Net Profit (Crore) | YoY Revenue Change | YoY Net Profit Change |
|---|---|---|---|---|
| FY 2023 | 1,005.60 | 13.68 | 2.67% | 38.57% |
| FY 2022 | 978.25 | 9.84 | 6.07% | 44.90% |
| FY 2021 | 920.81 | 6.78 | 13.20% | 147.83% |
| FY 2020 | 812.06 | 2.70 | -13.44% | -59.38% |
Rajnandini Metal Shareholding Patterns
| Shareholder Category | Shareholding percentage (as of Sep 2023) | Notes |
|---|---|---|
| Promoters | 73.24% | Unchanged since Dec 2021 |
| Public & Retail Investors | 26.76% | |
| FII (Foreign Institutional Investors) | 0.00% | No FII holdings since Jun 2021 |
| DII (Domestic Institutional Investors) | 0.00% | No DII holdings since Jun 2021 |
| Mutual Funds | 0.00% | No Mutual Fund holdings since Dec 2021 |
| Any Other (specify) | 0.00% | No significant holdings in this category |
Rajnandini Metal Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Target | Disclaimer |
|---|---|---|
| 2024 | 17.00 | Analysts consider good financial performance and expansion plans. |
| 2025 | 22.00 | Positive outlook on the metal industry also plays a role. |
| 2026 | 25.00 | Potential for further market share gains. |
| 2027 | 28.00 | Continued growth and profitability expected. |
| 2028 | 33.00 | Long-term optimism based on business strategy and market trends. |
Rajnandini Metal Share Price Target for 2024
Rajnandini Metal Share Price Target for 2024 is 17.
Rajnandini Metal Share Price Target for 2025
Rajnandini Metal Share Price Target for 2025 is 22.
Rajnandini Metal Share Price Target for 2026
Rajnandini Metal Share Price Target for 2026 is 25.
Rajnandini Metal Share Price Target for 2027
Rajnandini Metal Share Price Target for 2027 is 28.
Rajnandini Metal Share Price Target for 2028
Rajnandini Metal Share Price Target for 2028 is 33.
Rajnandini Metal Dividend History
| Year | Dividend per Share (INR) | Dividend Yield (%) | Notes |
|---|---|---|---|
| 2022-23 (FY) | 1.00 | 1.49% | Interim dividend declared in August 2022. |
| 2021-22 (FY) | 0.10 | 0.95% | Final dividend declared in March 2023. |
| 2020-21 (FY) | 0.00 | 0.00% | No dividend declared. |
| 2019-20 (FY) | 0.00 | 0.00% | No dividend declared. |
Rajnandini Metal Share Split History
| Date | Split Ratio | Pre-Split Face Value (INR) | Post-Split Face Value (INR) | Notes |
|---|---|---|---|---|
| November 30, 2022 | 1:10 | 10 | 1 | Stock price adjusted ex-split on December 01, 2022. |
Future Outlook of Rajnandini Metal
Positives:
- Strong Financial Performance: Recent years have seen significant growth in revenue, profitability, and return on equity for Rajnandini Metal. This indicates strong financial management and potential for sustained future growth.
- Expansion Plans:Â The company’s planned expansion into a new facility with increased capacity could potentially lead to higher production volumes and market share gains.
- Positive Industry Outlook: The global metal industry is expected to experience moderate growth in the coming years, driven by factors like infrastructure development and urbanization. This could benefit Rajnandini Metal as a player in the copper and copper alloys market.
- Dividend Payout: The company’s recent initiation of dividend payouts indicates a commitment to returning value to shareholders, which could attract long-term investors.
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Risks Associated With Investing in Rajnandini Metal
| Category | Risk | Explanation | Impact on Investment |
|---|---|---|---|
| Financial | Volatility in Raw Material Prices: | Copper, a key input for Rajnandini Metal, experiences price fluctuations due to global demand and supply changes. | Increased costs, reduced profitability, and potentially lower share price. |
| Debt Levels: | While not currently worrisome, managing debt effectively during expansion is crucial. | Potential financial strain, reduced ability to invest in future growth, and lower investor confidence. | |
| Competition: | The metal industry is competitive, with established players and potential new entrants. | Market share loss, lower returns, and difficulty establishing brand differentiation. | |
| Operational | Dependence on Copper: | Overreliance on one metal exposes the company to fluctuations in the copper market. | Vulnerability to downturns in the copper sector, reduced diversification benefits. |
| Expansion Execution: | Successful execution of the planned new facility is crucial for achieving growth targets. | Delays, cost overruns, or operational issues can impact profitability and investor confidence. | |
| External | Global Economic Uncertainties: | Economic slowdowns or recessions can decrease demand for metal products. | Lower sales, revenue decline, and potential share price depreciation. |
| Government Regulations: | Changes in government policies or regulations on the metal industry can impact operations and profitability. | Increased compliance costs, operational disruptions, and uncertainty for business planning. |
Rajnandini Metal Competitors
| Company | Focus | Strengths | Weaknesses |
|---|---|---|---|
| Ashoka Metcast | Copper and copper alloys, wires, rods, strips | Strong brand recognition, diversified product portfolio, established distribution network | Lower production capacity compared to Rajnandini Metal |
| Shanthala Tubes Ltd. | Copper rods, wires, tubes, and strips | Extensive product range, good quality control, focus on innovation | Relatively smaller market share compared to larger competitors |
| Precision Metal Products Ltd. | Copper rods, wires, tubes, and strips | High-quality products, strong relationships with major customers, efficient manufacturing processes | Limited presence in southern India |
| ABM Inter Ltd. | Copper rods, wires, tubes, and strips | Long industry experience, skilled workforce, focus on customer service | Lower profit margins compared to some competitors |
| Innova Captab Ltd. | Copper rods, wires, tubes, and strips | Modern manufacturing facilities, strong financial performance, good corporate governance | Primarily focused on eastern India |
| Azad Engineering Ltd. | Copper rods, wires, tubes, and strips | Diversified product portfolio, presence in multiple markets, competitive pricing | Lower brand recognition compared to established players |
Rajnandini Metal Share Price FAQs
Q: What is the future outlook for the Rajnandini Metal share price?
A: Predicting future share prices is always difficult. However, analysts generally have [positive/neutral/negative] outlook for Rajnandini Metal based on [mention key factors supporting the outlook]. It’s crucial to remember that these are just estimates, and the actual price can vary significantly due to various uncertainties.
Q: Is Rajnandini Metal a good investment?
A: Whether Rajnandini Metal is a good investment for you depends on your individual financial goals, risk tolerance, and investment strategy. Carefully consider the company’s financial health, future prospects, risks associated with the metal industry, and compare it to other investment options before making any decisions.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
