Ram Ratna Wires Ltd - Stock Valuation and Financial Performance

BSE: 522281 | NSE: RAMRAT | Metal - Non Ferrous | Small Cap

Ram Ratna Wires Share Price

256 -2.45 -0.95%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ram Ratna Wires

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Ram Ratna Wires stock performance -

mw4me loader
P/E Ratio (SA):
23.15
Market Cap:
1,125.5 Cr.
52-wk low:
157.8
52-wk high:
345.7

Is Ram Ratna Wires Ltd an attractive stock to invest in?

1. Is Ram Ratna Wires Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ram Ratna Wires Ltd is a below average quality company.

2. Is Ram Ratna Wires Ltd undervalued or overvalued?

The key valuation ratios of Ram Ratna Wires Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ram Ratna Wires Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ram Ratna Wires Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ram Ratna Wires:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ram Ratna Wires Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.7%11.4%10.2%12.7%10.8%7.8%6.8%6%12.5%12.3%-
Value Creation
Index
-0.3-0.2-0.3-0.1-0.2-0.5-0.5-0.6-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6997417198011,0271,2501,2551,3872,0132,3282,582
Sales YoY Gr.-6.1%-3%11.4%28.3%21.7%0.4%10.5%45.1%15.7%-
Adj EPS 1.72.124.95.83.433.110.69.311.1
YoY Gr.-24.6%-1.9%139.7%18.8%-40.8%-12.5%2.7%242.1%-11.8%-
BVPS (₹) 13.515.116.828.437.741.540.344.960.269.188.1
Adj Net
Profit
7.39.2921.525.615.213.213.646.54149
Cash Flow from Ops. 1322.424.620.61.6-3.464.3-37.115268.4-
Debt/CF from Ops. 8.454.77.2136-79.73.7-8.31.32.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.3%17.8%22.9%15.7%
Adj EPS 21.1%9.9%45.8%-11.8%
BVPS19.9%12.9%19.7%14.7%
Share Price 39.1% 38.5% 85.4% 60.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.914.512.821.717.68.77.47.320.114.414.1
Op. Profit
Mgn %
4.14.74.76.36.14.94.23.74.53.93.8
Net Profit
Mgn %
1.11.21.32.72.51.21.112.31.81.9
Debt to
Equity
1.81.71.61.21.31.51.41.60.80.6-
Working Cap
Days
7469707482868990747238
Cash Conv.
Cycle
5349555558637176524014

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Sales growth is growing at healthy rate in last 3 years 22.86%

Net Profit is growing at healthy rate in last 3 years 45.75%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is good in last 4 quarters at 14.98%

No data to display

Latest Financials - Ram Ratna Wires Ltd.

Standalone Consolidated
TTM EPS (₹) 11.1 11.3
TTM Sales (₹ Cr.) 2,582 2,904
BVPS (₹.) 88.1 89.8
Reserves (₹ Cr.) 366 373
P/BV 2.90 2.85
PE 23.15 22.64
From the Market
52 Week Low / High (₹) 157.75 / 345.70
All Time Low / High (₹) 0.35 / 345.70
Market Cap (₹ Cr.) 1,126
Equity (₹ Cr.) 22
Face Value (₹) 5
Industry PE 11.7

Management X-Ray of Ram Ratna Wires:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ram Ratna Wires

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6997417198011,0271,2501,2551,3872,0132,328
Operating Expenses 6707066857519641,1891,2031,3351,9232,236
Manufacturing Costs27303337385155556076
Material Costs6276576306858951,1011,1041,2441,8122,109
Employee Cost 11131618212629283134
Other Costs 5661010111592017
Operating Profit 28343450636153529092
Operating Profit Margin (%) 4.0%4.7%4.7%6.3%6.1%4.9%4.2%3.7%4.5%3.9%
Other Income 12233342128
Interest 13151411142523202126
Depreciation 5778101517161616
Exceptional Items 0000000000
Profit Before Tax 11151433422416186557
Tax 45512158241614
Profit After Tax 710922271614144943
PAT Margin (%) 1.0%1.3%1.3%2.7%2.6%1.3%1.1%1.0%2.4%1.8%
Adjusted EPS (₹)1.62.22.15.06.03.63.23.111.19.8
Dividend Payout Ratio (%)24%22%18%13%10%17%8%16%23%26%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 596674125166183177197265304
Share Capital 11111111111111111122
Reserves 485563114155172166186254282
Minority Interest0000000000
Debt108109114148209253216287185180
Long Term Debt12131229475249738262
Short Term Debt9696102119162202167214104118
Trade Payables221554036452242127186
Others Liabilities 18201726495252504849
Total Liabilities 207210210338460534467577624719

Fixed Assets

Gross Block81879580132174190196200205
Accumulated Depreciation3541458183350668297
Net Fixed Assets46465072114141140130118109
CWIP 0021510020
Investments 33341765737497796
Inventories915194032857911393143
Trade Receivables123116113148196204189260288306
Cash Equivalents 44314482297
Others Assets22261924333722223758
Total Assets 207210210338460534467577624719

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 132225212-364-3715268
PBT 11151433422416186557
Adjustment 15212021233943373440
Changes in Working Capital 4-9-5-20-51-599-8770-14
Tax Paid -5-5-5-13-13-8-5-5-16-15
Cash Flow From Investing Activity -5-7-11-31-64-15-16-11-11-13
Capex -5-7-13-31-53-35-16-8-12-15
Net Investments 0000-31900-11
Others 1020-900-311
Cash Flow From Financing Activity -10-15-14215222-5549-135-52
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0001627106228-19
Interest Paid 0-14-14-11-15-24-22-19-20-25
Dividend Paid 0-2-50-3-3-3-1-2-11
Others -1014164439-3547-1214
Net Cash Flow -10-111-104-6163
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.1615.613.3322.0418.239.167.937.2121.0515.08
ROCE (%)14.0417.4915.4319.2517.0411.769.098.217.5617.28
Asset Turnover Ratio3.673.973.813.252.642.522.512.663.353.47
PAT to CFO Conversion(x)1.862.22.780.950.07-0.194.57-2.643.11.58
Working Capital Days
Receivable Days58535253605857595046
Inventory Days75812121724251918
Payable Days141061215131191727

Ram Ratna Wires Ltd Stock News

Ram Ratna Wires Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ram Ratna Wires on 28-Mar-2024 16:01 is ₹256.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ram Ratna Wires stood at ₹1,125.5.
The latest P/E ratio of Ram Ratna Wires as of 28-Mar-2024 16:01 is 23.15.
The latest P/B ratio of Ram Ratna Wires as of 28-Mar-2024 16:01 is 2.90.
The 52-week high of Ram Ratna Wires is ₹345.7 and the 52-week low is ₹157.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ram Ratna Wires is ₹2,582 ( Cr.) .

About Ram Ratna Wires Ltd

The company was originally incorporated as Ram Ratna Winding Wires Pvt. Limited on July 21, 1992. Subsequently the company was converted from private limited to public limited and changed its name to Ram Ratna Wires Ltd.

The company is engaged in manufacturing of enamelled copper winding wires. Its products include modified polyester copper wires, polyesterimide wires, polyurethane self solderable wires and dual coated wires.

It all started with the dream of an inspired man determined to realize his vision. A very humble beginning was made. The Group Chairman, Rameshwarlal Kabra, established a small electrical trading shop in the city of Bombay. His simple strategy was to work hard, establish, consolidate and then move into manufacturing. Growth was slow and steady. Four decades and seven companies later, today the Group is among the market leaders in this segment.

What began with an unwavering trust in one's own abilities has now extended into a total philosophy of trust, apparent on both sides of the table in any business transaction of the Group. Ram Ratna Group is not only a leading business house but also an entity which has been deeply conscious of its social responsibilities as well. It truly believes that each citizen is obliged to contribute towards the wellbeing and welfare of the society in which he lives and thrives. Fuelled by a relentless pursuit of innovation, the consolidation of trust and goodwill earned through performance and business ethics and absolute transparency in its operations, today, apart from empowering India's domestic progress, the products manufactured by the Ram Ratna Group companies have a presence in over 73 countries around the world, where Ram Ratna operates in the spirit of a 'local multinational'.  

Product range of the company includes:

  • Enamelled copper winding wires
  • Modified polyester copper wires
  • Polyesterimide wires
  • Polyurethane self solderable wires
  • Dual coated wires.

Achievements/ recognition:

  • ISO 9001:2008
  • ISO 14001:2004
  • ISO 18001:2007
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