Ram Ratna Wires Ltd
₹ 379
3.38%
12 Jun
- close price
About
Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires. [1]
Key Points
- Market Cap ₹ 3,540 Cr.
- Current Price ₹ 379
- High / Low ₹ 520 / 268
- Stock P/E 32.3
- Book Value ₹ 62.1
- Dividend Yield 0.33 %
- ROCE 23.6 %
- ROE 20.6 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 49.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.0%
- Company's median sales growth is 19.5% of last 10 years
- Company's working capital requirements have reduced from 14.0 days to 10.4 days
Cons
- Promoter holding has decreased over last 3 years: -3.74%
* 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
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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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 747 | 728 | 801 | 1,138 | 1,423 | 1,446 | 1,527 | 2,289 | 2,650 | 2,983 | 3,677 | 5,177 | |
| 712 | 693 | 750 | 1,069 | 1,356 | 1,386 | 1,465 | 2,179 | 2,540 | 2,864 | 3,521 | 4,917 | |
| Operating Profit | 35 | 35 | 51 | 69 | 67 | 60 | 62 | 110 | 109 | 120 | 156 | 260 |
| OPM % | 5% | 5% | 6% | 6% | 5% | 4% | 4% | 5% | 4% | 4% | 4% | 5% |
| 2 | 2 | 2 | 3 | 4 | 4 | 3 | 8 | 7 | 15 | 18 | 15 | |
| Interest | 15 | 14 | 11 | 18 | 30 | 29 | 26 | 28 | 34 | 41 | 55 | 84 |
| Depreciation | 7 | 8 | 8 | 11 | 16 | 19 | 18 | 18 | 18 | 20 | 22 | 38 |
| Profit before tax | 15 | 15 | 34 | 43 | 25 | 17 | 21 | 73 | 64 | 75 | 97 | 153 |
| Tax % | 35% | 35% | 34% | 36% | 35% | 13% | 26% | 25% | 27% | 27% | 28% | 29% |
| 10 | 10 | 22 | 28 | 16 | 15 | 16 | 54 | 47 | 55 | 70 | 109 | |
| 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 | 11.47 |
| Dividend Payout % | 22% | 17% | 12% | 10% | 18% | 8% | 15% | 21% | 24% | 20% | 16% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 28% |
| 3 Years: | 25% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 49% |
| 3 Years: | 35% |
| TTM: | 62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 69% |
| 3 Years: | 39% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 21% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 22 | 22 | 22 | 47 |
| Reserves | 56 | 63 | 114 | 156 | 173 | 168 | 189 | 260 | 290 | 404 | 461 | 533 |
| 113 | 118 | 148 | 255 | 314 | 292 | 361 | 270 | 267 | 249 | 305 | 657 | |
| 34 | 21 | 66 | 103 | 111 | 70 | 85 | 174 | 251 | 277 | 512 | 757 | |
| Total Liabilities | 213 | 213 | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,994 |
| 48 | 52 | 72 | 141 | 169 | 167 | 158 | 151 | 147 | 214 | 404 | 639 | |
| CWIP | 0 | 2 | 0 | 6 | 1 | 1 | 3 | 7 | 4 | 29 | 113 | 34 |
| Investments | 0 | 0 | 41 | 66 | 48 | 27 | 37 | 66 | 80 | 43 | 19 | 16 |
| 165 | 159 | 225 | 312 | 392 | 346 | 447 | 492 | 599 | 666 | 763 | 1,305 | |
| Total Assets | 213 | 213 | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,994 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 21 | 2 | -8 | 64 | -26 | 151 | 65 | 138 | 227 | -93 | ||
| -11 | -31 | -64 | -16 | -17 | -14 | -19 | -20 | -6 | -268 | -151 | ||
| -13 | 21 | 53 | 28 | -54 | 42 | -121 | -45 | -107 | 3 | 250 | ||
| Net Cash Flow | -1 | 11 | -9 | 4 | -6 | 3 | 11 | -1 | 26 | -38 | 6 | |
| Free Cash Flow | 10 | -10 | -52 | -44 | 47 | -39 | 132 | 40 | 32 | -10 | -264 | |
| CFO/OP | 84% | 66% | 23% | 1% | 115% | -34% | 153% | 75% | 140% | 160% | -18% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 58 | 67 | 71 | 62 | 55 | 68 | 50 | 47 | 39 | 39 | 45 |
| Inventory Days | 9 | 11 | 21 | 16 | 29 | 29 | 36 | 22 | 29 | 27 | 26 | 38 |
| Days Payable | 9 | 3 | 21 | 20 | 18 | 9 | 12 | 23 | 29 | 33 | 47 | 50 |
| Cash Conversion Cycle | 57 | 66 | 67 | 68 | 73 | 75 | 92 | 49 | 46 | 33 | 18 | 33 |
| Working Capital Days | 11 | 13 | 14 | 10 | 13 | 17 | 28 | 27 | 26 | 23 | 9 | 10 |
| ROCE % | 16% | 19% | 17% | 12% | 9% | 9% | 18% | 17% | 17% | 20% | 24% |
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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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Newspaper Publication on Audited financial results for the quarter and FY ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 May - Enclosed herewith Investor Presentation for the quarter and FY ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 May - Ram Ratna Wires released audited Q4 FY26 and FY26 results; revenue rose 83% YoY, PAT 110%.
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Announcement under Regulation 30 (LODR)-Change in Directorate
26 May - Board approved Payal Agarwal’s re-appointment as Independent Director from June 30, 2026, plus auditors for FY27.
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Announcement under Regulation 30 (LODR)-Change in Management
26 May - Board approved Payal Agarwal’s second-term independent director reappointment from June 30, 2026, plus FY27 auditors.
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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May 2026TranscriptAI SummaryPPT
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Mar 2026TranscriptAI SummaryPPT
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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:[1]
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.