Ram Ratna Wires Ltd

Ram Ratna Wires Ltd

₹ 292 -0.71%
23 Feb - close price
About

Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires. [1]

Key Points

Products
The product portfolio of the co. includes enamelled copper wire and strips, enamelled aluminium wires and strips, submersible winding wires etc. [1] The company’s products are utilised in the transmission and distribution industry, automobile industry, capital goods manufacturing, consumer electricals, batteries, generators, etc. [2]

  • Market Cap 1,283 Cr.
  • Current Price 292
  • High / Low 346 / 148
  • Stock P/E 25.9
  • Book Value 87.2
  • Dividend Yield 0.86 %
  • ROCE 17.0 %
  • ROE 15.2 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 20.1%
  • Company's working capital requirements have reduced from 63.4 days to 49.4 days

Cons

  • Stock is trading at 3.35 times its book value

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
437 549 461 588 603 637 693 620 612 724 724 757 698
417 524 440 563 570 606 667 598 583 692 700 726 672
Operating Profit 20 24 21 25 33 31 26 21 29 32 25 32 26
OPM % 5% 4% 5% 4% 5% 5% 4% 3% 5% 4% 3% 4% 4%
1 1 2 2 2 2 1 1 2 4 3 6 4
Interest 6 8 7 7 7 7 8 7 8 9 10 10 9
Depreciation 4 4 4 4 4 4 5 5 5 4 5 5 5
Profit before tax 10 14 11 16 23 22 14 10 18 22 13 23 16
Tax % 27% 25% 26% 25% 27% 24% 27% 27% 27% 27% 29% 37% 25%
7 10 8 12 17 17 10 8 13 16 9 14 12
EPS in Rs 1.50 2.22 1.76 2.74 3.61 3.75 2.26 1.72 2.80 3.42 2.13 3.12 2.62
Raw PDF

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 TTM
747 728 801 1,138 1,423 1,446 1,527 2,289 2,650 2,904
712 693 750 1,069 1,356 1,386 1,465 2,179 2,540 2,790
Operating Profit 35 35 51 69 67 60 62 110 109 114
OPM % 5% 5% 6% 6% 5% 4% 4% 5% 4% 4%
2 2 2 3 4 4 3 8 7 16
Interest 15 14 11 18 30 29 26 28 34 38
Depreciation 7 8 8 11 16 19 18 18 18 19
Profit before tax 15 15 34 43 25 17 21 73 64 73
Tax % 35% 35% 34% 36% 35% 13% 26% 25% 27%
10 10 22 28 16 15 16 54 47 51
EPS in Rs 2.24 2.19 5.01 6.18 3.55 3.28 3.39 11.86 10.20 11.29
Dividend Payout % 22% 17% 12% 10% 18% 8% 15% 21% 24%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 22%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 45%
TTM: 7%
Stock Price CAGR
10 Years: 40%
5 Years: 44%
3 Years: 83%
1 Year: 88%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 16%
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 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 22 22
Reserves 56 63 114 156 173 168 189 260 290 362
113 118 148 255 314 292 361 270 267 275
34 21 66 103 111 70 85 174 251 302
Total Liabilities 213 213 339 525 609 541 646 715 829 961
48 52 72 141 169 167 158 151 147 186
CWIP 0 2 0 6 1 1 3 7 4 31
Investments 0 0 41 66 48 27 37 66 80 138
165 159 225 312 392 346 447 492 599 606
Total Assets 213 213 339 525 609 541 646 715 829 961

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
23 21 2 -8 64 -26 151 65
-11 -31 -64 -16 -17 -14 -19 -20
-13 21 53 28 -54 42 -121 -45
Net Cash Flow -1 11 -9 4 -6 3 11 -1

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
Debtor Days 58 58 67 71 62 55 68 50 47
Inventory Days 9 11 21 16 29 29 36 22 29
Days Payable 9 3 21 20 18 9 12 23 29
Cash Conversion Cycle 57 66 67 68 73 75 92 49 46
Working Capital Days 59 65 68 68 71 66 89 52 49
ROCE % 16% 19% 17% 12% 9% 9% 18% 17%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.00% 73.00% 73.00% 73.00% 73.00% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.42% 0.59% 0.57% 0.57% 0.15% 0.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
27.00% 27.00% 27.00% 27.00% 27.00% 26.96% 26.53% 26.35% 26.38% 26.40% 26.80% 26.89%
No. of Shareholders 5,8296,2587,3466,5316,8046,80017,53617,90717,28115,66118,92318,346

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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