Ram Ratna Wires Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Enamelled Wires & Strips: 76.2% • Copper Tubes & Pipes: 21.9% • Other: 1.9%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 47.2% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 21.2%
- Latest quarter profit grew 120.9% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 27.7% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.17x)
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -3.7pp
- Total debt has risen sharply - up 120.9% year on year
- Valuation is stretched - P/E of 39.5 is well above its own 5-year median (20.1)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7330.00 | 51.99 | 155328.84 | 0.54 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| CGPOWER | 908.00 | 114.44 | 143050.87 | 0.14 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| SIEMENS | 3972.00 | 43.19 | 141451.06 | 0.45 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| POWERINDIA | 31065.00 | 120.36 | 138464.05 | 0.03 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| GVT&D | 4500.00 | 617.01 | 115220.94 | 0.22 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| ENRIN | 3180.50 | 76.12 | 113264.13 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| WAAREEENER | 2545.00 | 19.18 | 73207.26 | 0.16 | 891.87 | 15.39 | 7931.79 | 79.22 | 37.92 | 18.15 |
| APARINDS | 17293.00 | 61.29 | 72409.83 | 0.35 | 467.45 | 77.80 | 6591.06 | 29.64 | 31.84 | 11.50 |
| HAVELLS | 1116.00 | 42.88 | 70035.88 | 0.90 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| SUZLON | 44.44 | 19.43 | 61085.61 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1195.30 | 155.53 | 28580.11 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| RAMRAT | 536.70 | 39.51 | 5010.04 | 0.47 | 351.64 | 2108.52 | 18532.81 | 1786.35 | 23.69 | 4.76 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 724 | 757 | 698 | 803 | 892 | 940 | 889 | 957 | 982 | 1,163 | 1,278 | 1,753 | 18,533 | |
| 700 | 726 | 672 | 767 | 856 | 904 | 850 | 911 | 940 | 1,108 | 1,206 | 1,660 | 18,081 | |
| Operating Profit | 25 | 32 | 26 | 37 | 36 | 36 | 39 | 45 | 43 | 56 | 72 | 93 | 452 |
| OPM % | 3.42% | 4.17% | 3.71% | 4.58% | 4.03% | 3.84% | 4.38% | 4.74% | 4.36% | 4.77% | 5.64% | 5.32% | 2.44% |
| 2 | 6 | 4 | 3 | 3 | 4 | 4 | 6 | 4 | 4 | 1 | 6 | 23 | |
| Interest | 10 | 10 | 9 | 11 | 12 | 13 | 14 | 16 | 16 | 19 | 21 | 28 | 316 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 8 | 9 | 8 | 13 | 128 |
| Profit before Tax | 13 | 23 | 16 | 23 | 22 | 22 | 24 | 30 | 22 | 32 | 44 | 59 | 461 |
| Tax % | 29.24% | 36.99% | 25.00% | 17.22% | 27.43% | 22.16% | 20.89% | 36.37% | 29.17% | 27.97% | 24.56% | 30.91% | 23.71% |
| Net Profit | 0 | 0 | 0 | 0 | 16 | 17 | 18 | 19 | 16 | 22 | 32 | 39 | 352 |
| 2.13 | 3.12 | 2.62 | 4.28 | 3.56 | 3.76 | 1.94 | 1.93 | 3.31 | 4.57 | 3.35 | 4.18 | 3.77 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 801 | 1,138 | 1,423 | 1,446 | 1,527 | 2,289 | 2,650 | 2,983 | 3,677 | 5,177 | 22,727 | |
| 751 | 1,069 | 1,355 | 1,386 | 1,466 | 2,184 | 2,541 | 2,864 | 3,519 | 4,911 | 22,055 | |
| Operating Profit | 50 | 69 | 68 | 60 | 61 | 105 | 109 | 119 | 157 | 265 | 672 |
| OPM % | 6.28% | 6.06% | 4.75% | 4.17% | 3.98% | 4.58% | 4.11% | 3.99% | 4.28% | 5.13% | 2.96% |
| 3 | 3 | 4 | 4 | 4 | 12 | 7 | 15 | 18 | 15 | 35 | |
| Interest | 11 | 18 | 30 | 29 | 26 | 28 | 34 | 41 | 55 | 86 | 384 |
| Depreciation | 8 | 11 | 16 | 19 | 18 | 18 | 18 | 20 | 22 | 38 | 157 |
| Profit before Tax | 34 | 43 | 25 | 17 | 21 | 73 | 64 | 75 | 97 | 153 | 596 |
| Tax % | 34.30% | 36.04% | 35.29% | 12.61% | 25.66% | 25.35% | 27.03% | 26.83% | 27.74% | 29.01% | 24.72% |
| Net Profit | 22 | 28 | 16 | 15 | 16 | 54 | 47 | 55 | 70 | 109 | 448 |
| EPS | 10.02 | 12.35 | 7.11 | 6.57 | 6.77 | 11.86 | 10.20 | 12.75 | 15.93 | 11.47 | — |
| Dividend Payout % | 12.47% | 10.12% | 17.59% | 7.61% | 14.76% | 21.08% | 24.50% | 39.22% | 15.70% | 21.80% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 22%
- 5 Years:
- 28%
- 3 Years:
- 25%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 27%
- 5 Years:
- 48%
- 3 Years:
- 34%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 53%
- 1 Year:
- 42%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 18%
- 3 Years:
- 17%
- Last Year:
- 21%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 22 | 22 | 22 | 47 |
| Minority Interest | 0 | 6 | 7 | 7 | 9 | 11 | 14 | 5 | 4 | 5 |
| 114 | 156 | 173 | 168 | 189 | 260 | 290 | 402 | 458 | 531 | |
| 149 | 256 | 316 | 293 | 361 | 270 | 267 | 218 | 279 | 636 | |
| Trade Payables | 40 | 54 | 63 | 31 | 45 | 131 | 192 | 244 | 425 | 641 |
| 25 | 42 | 41 | 31 | 31 | 32 | 44 | 62 | 111 | 133 | |
| Total Liabilities | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,994 |
| 72 | 141 | 169 | 167 | 158 | 151 | 147 | 214 | 404 | 639 | |
| Capital Work in Progress | 1 | 6 | 1 | 1 | 3 | 6 | 4 | 29 | 113 | 34 |
| 41 | 66 | 48 | 27 | 37 | 66 | 80 | 43 | 19 | 16 | |
| 40 | 45 | 100 | 102 | 133 | 126 | 187 | 196 | 234 | 486 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 323 | 390 | 641 | |
| Cash & Bank | 14 | 6 | 8 | 2 | 5 | 16 | 10 | 24 | 24 | 14 |
| 172 | 261 | 283 | 242 | 309 | 351 | 401 | 124 | 116 | 164 | |
| Total Assets | 339 | 525 | 609 | 541 | 646 | 715 | 829 | 952 | 1,300 | 1,994 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 16 | 1 | 69 | -21 | 168 | 82 | 138 | 227 | -93 | |
| Cash from Investing | -31 | -65 | -16 | -17 | -14 | -19 | -20 | -6 | -268 | -151 |
| Cash from Financing | 21 | 53 | 28 | -54 | 42 | -121 | -45 | -107 | 3 | 250 |
| 11 | -10 | 4 | -6 | 3 | 11 | -1 | 26 | -38 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-29 - Ram Ratna Wires Limited has informed the Exchange about receipt of Show Cause-cum-Demand Notice under Regulation 30 of the SEBI Listing Regulations.
2026-08-27 - Ram Ratna Wires Limited has informed the Exchange about Schedule of meet
2026-08-12 - Ram Ratna Wires Limited has informed the Exchange about Copy of Newspaper Publication in connection with the Special window for Transfer and dematerialisation of physical securities.
2026-08-04 - Ram Ratna Wires Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 04, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-08-01 - Ram Ratna Wires Limited has informed the Exchange about Copy of Newspaper Publication with respect to the Unaudited Financial Results for the quarter ended June 30, 2026.
2026-07-31 - Ram Ratna Wires Limited has informed the Exchange about Investor Presentation
2026-07-31 - Ram Ratna Wires Limited has informed the Exchange regarding a press release dated July 31, 2026, titled "Press release on the unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended on June 30, 2026.".
2026-07-31 - Ram Ratna Wires Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22 - Ram Ratna Wires Limited has informed the Exchange about Schedule of Analyst/Institutional Investor Meet
News
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