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Ram Ratna Wires Ltd (RAMRAT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522281 NSE: RAMRAT Electric Equipment | Small Cap | Ram Ratna Wires Share Price

₹424.60 10.55 (2.55%)

As on 27-Jul'26 16:59

Ram Ratna Wires Ltd (RAMRAT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522281 NSE: RAMRAT Electric Equipment | Small Cap | Ram Ratna Wires Share Price

₹424.60 10.55 (2.55%)

As on 27-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,865 Cr.
Current Price
₹424.6
52-Week Low / High
₹269 / 520
TTM EPS
₹11.6
TTM Sales
₹5,076 Cr.
Book Value per Share
₹62.9
P/E Ratio
35.68
Higher than its 5-year historical median
Industry PE
52.6
Price to Book (P/B)
6.59
Higher than its 5-year historical median
Price to Sales (P/S)
0.76
Higher than its 5-year historical median
EV/EBITDA
16.43
Higher than its 5-year historical median
Dividend Yield
0.59%
Profitability Efficiency
Return on Equity (ROE)
20.18%
Outperforms industry median
Return on Capital Employed (ROCE)
23.69%
Outperforms industry median
Return on Assets (ROA)
6.78%
Operating Profit Margin
5%
Net Profit Margin
2.13%
Gross Profit Margin
3.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
40.12%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
65.92%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
51.03%
Asset Quality
Promoter Holding
69.30%
Pledged shares (%) of Promoter's holding (%)
0.02%
Reserves
₹540 Cr.
Equity
₹46.7 Cr.
Face Value
₹5
All Time Low / High
₹0.18 / 519.90

Ram Ratna Wires stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Ram Ratna Wires Ltd a good quality company?
Ram Ratna Wires Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ram Ratna Wires Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ram Ratna Wires Ltd vs industry peers?
Ram Ratna Wires Ltd revenue CAGR is 29.63%, compared to the industry median CAGR of 12.73%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ram Ratna Wires Ltd?
Promoters hold 69.30% of the Ram Ratna Wires Ltd, with 0.02% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Ram Ratna Wires Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 43.4% based on the current price.

10 Year X-Ray :

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 19.3%17%11.8%9.1%8.2%17.6%17.3%21.1%21.3%23.7%-
Value Creation
Index
0.40.2-0.2-0.4-0.40.30.20.50.50.7-

Growth Parameters

Sales 8011,0271,2501,2551,3872,0132,3282,9593,6235,0765,076
Sales YoY Gr.-28.3%21.7%0.4%10.5%45.1%15.7%27.1%22.4%40.1%-
Adj EPS 2.52.91.71.51.65.34.86.47.511.111.6
YoY Gr.-18.8%-40.9%-12.8%3.3%241.3%-8.9%32.6%17.5%47.8%-
BVPS (₹) 14.218.920.720.122.430.134.649.155.362.962.9
Adj Net
Profit
21.525.615.213.213.646.542.456.266.1104108
Cash Flow from Ops. 20.61.6-3.464.3-37.115268.4142225-95.9-
Debt/CF from Ops. 7.2136-79.73.7-8.31.32.81.51.2-6.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.8%29.6%29.7%40.1%
Adj EPS 18.3%48.3%32.1%47.8%
BVPS18%22.9%22.1%13.7%
Share Price 43.6% 61.9% 38.9% 20.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
21.717.68.77.47.320.114.915.214.319.218.5
Op. Profit
Mgn %
6.36.14.94.23.74.544.14.254.9
Net Profit
Mgn %
2.72.51.21.112.31.81.91.822.1
Debt to
Equity
1.21.31.51.41.60.80.60.50.61.10.4
Working Cap
Days
7482868990747269677035
Cash Conv.
Cycle
555863717652403121224

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8011,0271,2501,2551,3872,0132,3282,9593,6235,076
Operating Expenses + 7519641,1891,2031,3351,9232,2362,8383,4704,824
Manufacturing Costs3738515555607695105139
Material Costs6858951,1011,1041,2441,8122,1092,6723,2804,569
Employee Cost 18212629283134485674
Other Costs 1010111592017232942
Operating Profit 50636153529092121152253
Operating Profit Margin (%) 6.3%6.1%4.9%4.2%3.7%4.5%3.9%4.1%4.2%5.0%
Other Income + 33442128171819
Exceptional Items 000000000-3
Interest 11142523202126395282
Depreciation 8101517161616182035
Profit Before Tax 334224161865578198151
Tax 12158241614212643
Profit After Tax 222716141449436072108
PAT Margin (%) 2.7%2.6%1.3%1.1%1.0%2.4%1.8%2.0%2.0%2.1%
Adjusted EPS (₹)2.53.01.81.61.55.54.96.88.111.6
Dividend Payout Ratio (%)12.60%10.40%17.20%7.70%16.30%22.60%25.60%36.70%15.40%21.50%

Valuation of Ram Ratna Wires - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 125166183177197265304432487587
Share Capital 11111111111122222247
Reserves 114155172166186254282410465540
Debt +148209253216287185180189251567
Long Term Debt2947524973826296188250
Short Term Debt1191622021672141041189362317
Minority Interest0000000000
Trade Payables4036452242127186242414619
Others Liabilities 2649525250484968118150
Total Liabilities 3384605344675776247199301,2691,924

Fixed Assets

Net Fixed Assets +72114141140130118109191365585
Gross Block80132174190196200205303495749
Accumulated Depreciation8183350668297111130164
CWIP 15100202711432
Investments 41765737497796645759
Inventories4032857911393143186222469
Trade Receivables148196204189260288306319369614
Cash Equivalents 14482297242312
Others Assets 24333722223758119120151
Total Assets 3384605344675776247199301,2691,924

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 212-364-3715268142225-96
PBT 334224161865578198151
Adjustment 212339433734404965112
Changes in Working Capital -20-51-599-8770-144183-314
Tax Paid -13-13-8-5-5-16-15-29-22-45
Cash Flow From Investing Activity + -31-64-15-16-11-11-13-6-246-137
Capex -31-53-35-16-8-12-15-98-222-140
Net Investments -0-319-0-0-1110430
Others 0-900-311-12-273
Cash Flow From Financing Activity + 215222-5549-135-52-110-17239
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1627106228-19119362
Interest Paid -11-15-24-22-19-20-25-38-49-79
Dividend Paid 0-3-3-3-1-2-11-22-11-12
Others 164439-3547-1214-61-50268
Net Cash Flow 11-104-616327-387

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.0418.239.167.937.2121.0515.0816.2915.6120.18
ROCE (%)19.2517.0411.769.098.217.5617.2821.0721.323.69
Asset Turnover Ratio3.252.642.522.512.663.353.473.593.33.18
PAT to CFO Conversion(x)0.950.07-0.194.57-2.643.11.582.373.13-0.89
Working Capital Days
Receivable Days53.5059.5058.4057.105949.7046.5038.5034.6035.30
Inventory Days12.1012.401723.8025.1018.7018.5020.3020.5024.80
Payable Days11.8015.4013.4011.109.50172729.2036.5041.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.02
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ram Ratna Wires Ltd FAQs

The current trading price of Ram Ratna Wires on 27-Jul-2026 16:59 is ₹424.6.

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 26-Jul-2026 the market cap of Ram Ratna Wires stood at ₹3,865.1 Cr

The latest P/E ratio of Ram Ratna Wires as of 26-Jul-2026 is 35.68.

The latest P/B ratio of Ram Ratna Wires as of 26-Jul-2026 is 6.59.

The 52-week high of Ram Ratna Wires is ₹519.9 and the 52-week low is ₹269.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ram Ratna Wires is ₹5,076 ( Cr.) .

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

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

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

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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