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Ram Ratna Wires

₹376.5 5.9 | 1.6%

Market Cap ₹1656 Cr.

Stock P/E 33.3

P/B 4.2

Current Price ₹376.5

Book Value ₹ 89.8

Face Value 5

52W High ₹416

Dividend Yield 0.66%

52W Low ₹ 192

Ram Ratna Wires Research see more...

Overview Inc. Year: 1992Industry: Metal - Non Ferrous

Ram Ratna Wires Ltd is a producer and exporter of RR Shramik Magnet wires and Copper strips (enameled and paper included). The Company has an capacity of about 24,000 metric ton (MT) per annum at its manufacturing plants.

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Ram Ratna Wires Share Price

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Ram Ratna Wires Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 588 603 637 693 620 612 724 724 757 698
Other Income 2 2 2 1 1 1 3 2 6 4
Total Income 589 605 639 694 621 614 728 727 763 702
Total Expenditure 563 570 606 667 598 583 692 700 726 672
Operating Profit 27 34 33 27 23 31 35 27 37 30
Interest 7 7 7 8 7 8 9 10 10 9
Depreciation 4 4 4 5 5 5 4 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 15 23 22 14 11 17 22 13 23 16
Provision for Tax 4 6 5 4 3 5 6 4 8 4
Profit After Tax 11 17 17 10 8 13 16 9 14 12
Adjustments 1 -1 -0 -0 -0 -0 -1 0 -1 -0
Profit After Adjustments 12 16 16 10 8 12 15 9 14 12
Adjusted Earnings Per Share 2.7 3.6 3.7 2.3 3.4 2.8 3.4 2.1 3.1 2.6

Ram Ratna Wires Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 747 728 801 1138 1423 1446 1527 2289 2650 2903
Other Income 2 2 3 3 4 4 4 12 7 15
Total Income 750 730 803 1141 1426 1450 1531 2300 2657 2920
Total Expenditure 712 694 751 1069 1355 1386 1466 2184 2541 2790
Operating Profit 37 36 53 72 71 64 64 117 116 129
Interest 15 14 11 18 30 29 26 28 34 38
Depreciation 7 8 8 11 16 19 18 18 18 19
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 15 15 33 44 25 17 21 73 64 74
Provision for Tax 5 5 12 16 9 2 5 18 17 22
Profit After Tax 10 10 22 28 17 15 16 54 47 51
Adjustments 0 0 0 -1 -1 -0 -1 -2 -2 -2
Profit After Adjustments 10 10 22 27 16 14 15 52 45 50
Adjusted Earnings Per Share 2.2 2.2 5 6.2 3.6 3.3 3.4 11.9 10.2 11.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 22% 18% 0%
Operating Profit CAGR -1% 22% 10% 0%
PAT CAGR -13% 46% 11% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 90% 107% 52% 41%
ROE Average 16% 16% 13% 15%
ROCE Average 18% 15% 13% 15%

Ram Ratna Wires Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 67 74 125 167 184 179 200 271 312
Minority's Interest 0 0 0 6 7 7 9 11 14
Borrowings 14 12 29 64 74 74 106 113 96
Other Non-Current Liabilities 4 4 13 23 19 11 13 21 23
Total Current Liabilities 129 123 171 265 325 270 319 300 383
Total Liabilities 213 213 339 525 609 541 646 715 829
Fixed Assets 48 52 72 141 169 167 158 151 147
Other Non-Current Assets 8 9 52 82 56 35 48 78 94
Total Current Assets 158 152 216 301 384 339 439 486 587
Total Assets 213 213 339 525 609 541 646 715 829

Ram Ratna Wires Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 3 2 13 4 7 1 4 15
Cash Flow from Operating Activities 0 23 21 2 -8 64 -26 151 65
Cash Flow from Investing Activities 0 -11 -31 -65 -16 -17 -14 -19 -20
Cash Flow from Financing Activities 0 -13 21 53 28 -54 42 -121 -45
Net Cash Inflow / Outflow 0 -1 11 -10 4 -6 3 11 -1
Closing Cash & Cash Equivalent 0 2 13 4 7 1 4 15 14

Ram Ratna Wires Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 2.24 2.19 5.01 6.18 3.55 3.28 3.39 11.86 10.2
CEPS(Rs) 3.77 3.92 6.87 8.82 7.53 7.53 7.57 16.33 14.88
DPS(Rs) 1 0.75 1.25 1.25 1.25 0.5 1 5 2.5
Book NAV/Share(Rs) 15.12 16.88 28.48 37.94 41.71 40.63 45.51 61.69 70.83
Core EBITDA Margin(%) 4.19 4.3 5.65 5.93 4.75 4.17 3.97 4.58 4.1
EBIT Margin(%) 3.66 3.56 5.01 5.27 3.87 3.15 3.08 4.37 3.69
Pre Tax Margin(%) 1.82 1.83 3.75 3.74 1.79 1.16 1.38 3.17 2.42
PAT Margin (%) 1.19 1.19 2.46 2.4 1.18 1.01 1.03 2.36 1.77
Cash Profit Margin (%) 1.99 2.13 3.4 3.33 2.33 2.29 2.18 3.14 2.46
ROA(%) 4.63 4.51 7.93 6.46 2.96 2.54 2.65 7.96 6.09
ROE(%) 14.84 13.66 21.93 19.09 9.58 8.06 8.3 22.97 16.12
ROCE(%) 16.97 15.51 19.13 17.65 11.96 9.4 9.12 18.18 17.51
Receivable days 51.73 52.65 53.95 57.79 59.43 58.08 59.95 47.65 45.03
Inventory Days 6.96 8.08 12.25 13.32 18.68 25.54 28.11 20.66 21.49
Payable days 9.11 6.35 12.04 17.2 16.98 13.54 10.2 15.64 24.75
PER(x) 10.16 8.01 10.77 13.49 14.14 6.79 11.83 8.33 15.5
Price/Book(x) 1.51 1.04 1.9 2.2 1.2 0.55 0.88 1.6 2.23
Dividend Yield(%) 2.19 2.14 1.16 0.75 1.24 1.12 1.25 2.53 1.58
EV/Net Sales(x) 0.28 0.26 0.46 0.54 0.37 0.27 0.35 0.3 0.36
EV/Core EBITDA(x) 5.6 5.26 7.03 8.52 7.39 6.06 8.27 5.9 8.19
Net Sales Growth(%) 0 -2.52 9.95 42.12 24.99 1.67 5.57 49.88 15.78
EBIT Growth(%) 0 -5.24 54.44 37.62 -10.32 -17.17 3.29 112.86 -2.23
PAT Growth(%) 0 -2.59 127.62 27.47 -39.85 -12.96 7.65 244.51 -13.25
EPS Growth(%) 0 -2.59 129.28 23.26 -42.46 -7.6 3.15 250.24 -13.98
Debt/Equity(x) 1.7 1.59 1.18 1.53 1.71 1.63 1.8 0.99 0.85
Current Ratio(x) 1.22 1.24 1.26 1.13 1.18 1.26 1.38 1.62 1.53
Quick Ratio(x) 1.1 1.07 1.03 0.96 0.87 0.88 0.96 1.2 1.04
Interest Cover(x) 1.99 2.05 3.99 3.45 1.86 1.58 1.82 3.63 2.92
Total Debt/Mcap(x) 1.12 1.54 0.62 0.7 1.42 2.98 2.05 0.62 0.38

Ram Ratna Wires Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73 73 73.04 73.04 73.04 73.04 73.04 73.04 73.04 73.04
FII 0 0 0 0.42 0.59 0.57 0.57 0.15 0.07 0.03
DII 0 0 0 0 0 0 0 0 0.01 0
Public 27 27 26.96 26.53 26.37 26.39 26.39 26.8 26.88 26.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.

Cons

  • Debtor days have increased from 15.64 to 24.75days.
  • Stock is trading at 4.2 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.

Ram Ratna Wires News

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