Ram Ratna Wires Ltd
Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires. [1]
- Market Cap ₹ 2,922 Cr.
- Current Price ₹ 313
- High / Low ₹ 393 / 247
- Stock P/E 33.0
- Book Value ₹ 54.3
- Dividend Yield 0.40 %
- ROCE 20.2 %
- ROE 14.9 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 19.9%
Cons
- Promoter holding has decreased over last 3 years: -4.50%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 747 | 728 | 801 | 1,138 | 1,423 | 1,446 | 1,527 | 2,289 | 2,650 | 2,983 | 3,677 | 4,381 | |
| 712 | 693 | 750 | 1,069 | 1,356 | 1,386 | 1,465 | 2,179 | 2,540 | 2,864 | 3,521 | 4,168 | |
| Operating Profit | 35 | 35 | 51 | 69 | 67 | 60 | 62 | 110 | 109 | 120 | 156 | 212 |
| OPM % | 5% | 5% | 6% | 6% | 5% | 4% | 4% | 5% | 4% | 4% | 4% | 5% |
| 2 | 2 | 2 | 3 | 4 | 4 | 3 | 8 | 7 | 15 | 18 | 16 | |
| Interest | 15 | 14 | 11 | 18 | 30 | 29 | 26 | 28 | 34 | 41 | 55 | 72 |
| Depreciation | 7 | 8 | 8 | 11 | 16 | 19 | 18 | 18 | 18 | 20 | 22 | 31 |
| Profit before tax | 15 | 15 | 34 | 43 | 25 | 17 | 21 | 73 | 64 | 75 | 97 | 125 |
| Tax % | 35% | 35% | 34% | 36% | 35% | 13% | 26% | 25% | 27% | 27% | 28% | |
| 10 | 10 | 22 | 28 | 16 | 15 | 16 | 54 | 47 | 55 | 70 | 88 | |
| EPS in Rs | 1.12 | 1.09 | 2.51 | 3.09 | 1.78 | 1.64 | 1.69 | 5.93 | 5.10 | 6.37 | 7.96 | 9.42 |
| Dividend Payout % | 22% | 17% | 12% | 10% | 18% | 8% | 15% | 21% | 24% | 20% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 21% |
| 3 Years: | 17% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 36% |
| 3 Years: | 9% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 72% |
| 3 Years: | 56% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 15% |
| 3 Years: | 15% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 22 | 22 | 22 | 23 |
| Reserves | 56 | 63 | 114 | 156 | 173 | 168 | 189 | 260 | 290 | 404 | 461 | 484 |
| 113 | 118 | 148 | 255 | 314 | 292 | 361 | 270 | 267 | 249 | 305 | 627 | |
| 34 | 21 | 66 | 103 | 111 | 70 | 85 | 174 | 251 | 277 | 512 | 571 | |
| Total Liabilities | 213 | 213 | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,706 |
| 48 | 52 | 72 | 141 | 169 | 167 | 158 | 151 | 147 | 214 | 404 | 431 | |
| CWIP | 0 | 2 | 0 | 6 | 1 | 1 | 3 | 7 | 4 | 29 | 113 | 131 |
| Investments | 0 | 0 | 41 | 66 | 48 | 27 | 37 | 66 | 80 | 43 | 19 | 18 |
| 165 | 159 | 225 | 312 | 392 | 346 | 447 | 492 | 599 | 666 | 763 | 1,126 | |
| Total Assets | 213 | 213 | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,706 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 21 | 2 | -8 | 64 | -26 | 151 | 65 | 138 | 227 | ||
| -11 | -31 | -64 | -16 | -17 | -14 | -19 | -20 | -6 | -268 | ||
| -13 | 21 | 53 | 28 | -54 | 42 | -121 | -45 | -107 | 3 | ||
| Net Cash Flow | -1 | 11 | -9 | 4 | -6 | 3 | 11 | -1 | 26 | -38 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 58 | 67 | 71 | 62 | 55 | 68 | 50 | 47 | 39 | 39 |
| Inventory Days | 9 | 11 | 21 | 16 | 29 | 29 | 36 | 22 | 29 | 27 | 26 |
| Days Payable | 9 | 3 | 21 | 20 | 18 | 9 | 12 | 23 | 29 | 33 | 47 |
| Cash Conversion Cycle | 57 | 66 | 67 | 68 | 73 | 75 | 92 | 49 | 46 | 33 | 18 |
| Working Capital Days | 11 | 13 | 14 | 10 | 13 | 17 | 28 | 27 | 26 | 23 | 9 |
| ROCE % | 16% | 19% | 17% | 12% | 9% | 9% | 18% | 17% | 17% | 20% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Employees (Permanent) Number ・Standalone data |
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| Total Production Volume (Wires & Strips) Metric Tonnes ・Standalone data |
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| Capacity Utilization - Copper Wires segment % ・Standalone data |
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| Installed Capacity - Wires & Strips Metric Tonnes ・Standalone data |
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| Installed Capacity - Copper Tubes (GCPL + Bhiwadi) Metric Tonnes |
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Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015
14 Mar - IT Dept issued Rs10.22 Cr demand (incl. Rs1.94 Cr interest) for AY2024-25; company to appeal.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Mar - Analyst/investor meeting on March 23, 2026 with Kotak Securities, virtual; no UPSI.
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Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015
10 Mar - Assessment orders for AY 2021-22 and 2022-23; demand Rs70.96 Cr (incl. Rs24.51 Cr interest).
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Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015
10 Mar - Income-tax assessment orders for AYs 2021-22,2022-23,2024-25; demand Rs.2.12 crore; company to appeal.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Mar - Read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, we wish to inform you that the officials of …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
Market Position
The company is the 2nd largest manufacturer of Winding Wire in South Asia. It is the only manufacturer of enameled copper wires in India that offers the widest range, from the thinnest wire of 18 microns (0.018mm) to 4.876 mm with intermediate sizes. [1]