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Ram Ratna Wires Overview

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 Key Financials

Market Cap ₹3586 Cr.

Stock P/E 51.1

P/B 6.4

Current Price ₹384.2

Book Value ₹ 60.4

Face Value 5

52W High ₹411.7

Dividend Yield 0.33%

52W Low ₹ 253.5

Ram Ratna Wires Share Price

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Volume
Price

Ram Ratna Wires Quarterly Price

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Ram Ratna Wires Peer Comparison

Ram Ratna Wires Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 757 698 803 892 940 889 957 982 1163 1278
Other Income 6 4 3 3 4 4 6 4 4 5
Total Income 763 702 806 895 943 893 963 986 1167 1283
Total Expenditure 726 672 767 856 904 850 911 940 1108 1206
Operating Profit 37 30 40 39 40 43 52 47 60 77
Interest 10 9 11 12 13 14 16 16 19 21
Depreciation 5 5 5 5 5 5 6 8 9 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -4
Profit Before Tax 23 16 23 22 22 24 30 22 32 44
Provision for Tax 8 4 4 6 5 5 11 6 9 11
Profit After Tax 14 12 19 16 17 19 19 16 23 33
Adjustments -1 -0 1 0 1 -1 -1 -0 -2 -2
Profit After Adjustments 14 12 20 17 17 18 18 15 21 31
Adjusted Earnings Per Share 1.6 1.3 2.3 1.9 2 2.1 2 1.8 2.3 3.4

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 Mar 2024 Mar 2025 TTM
Net Sales 747 728 801 1138 1423 1446 1527 2289 2650 2983 3677 4380
Other Income 2 2 3 3 4 4 4 12 7 15 18 19
Total Income 750 730 803 1141 1426 1450 1531 2300 2657 2999 3695 4399
Total Expenditure 712 694 751 1069 1355 1386 1466 2184 2541 2864 3519 4165
Operating Profit 37 36 53 72 71 64 64 117 116 135 175 236
Interest 15 14 11 18 30 29 26 28 34 41 55 72
Depreciation 7 8 8 11 16 19 18 18 18 20 22 31
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -4
Profit Before Tax 15 15 34 43 25 17 21 73 64 75 97 128
Provision for Tax 5 5 12 16 9 2 5 18 17 20 27 37
Profit After Tax 10 10 22 28 16 15 16 54 47 55 70 91
Adjustments 0 0 0 -1 -0 -0 -1 -2 -2 1 -0 -5
Profit After Adjustments 10 10 22 27 16 14 15 52 45 56 70 85
Adjusted Earnings Per Share 1.1 1.1 2.5 3.1 1.8 1.6 1.7 5.9 5.1 6.4 8 9.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 23% 17% 21% 17%
Operating Profit CAGR 30% 14% 22% 17%
PAT CAGR 27% 9% 36% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 39% 60% 82% 46%
ROE Average 16% 16% 16% 15%
ROCE Average 21% 19% 17% 16%

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 Mar 2024 Mar 2025
Shareholder's Funds 67 74 125 167 184 179 200 271 312 426 483
Minority's Interest 0 0 0 6 7 7 9 11 14 5 4
Borrowings 14 12 29 64 74 74 106 113 96 102 191
Other Non-Current Liabilities 4 4 13 23 19 11 13 21 23 18 24
Total Current Liabilities 129 123 171 265 325 270 319 300 383 401 598
Total Liabilities 213 213 339 525 609 541 646 715 829 952 1300
Fixed Assets 48 52 72 141 169 167 158 151 147 214 404
Other Non-Current Assets 8 9 52 82 56 35 48 78 95 91 184
Total Current Assets 158 152 216 301 384 339 439 486 576 642 712
Total Assets 213 213 339 525 609 541 646 715 829 952 1300

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 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 3 2 13 4 7 1 4 15 14 39
Cash Flow from Operating Activities 0 23 21 2 -8 64 -26 151 65 138 227
Cash Flow from Investing Activities 0 -11 -31 -65 -16 -17 -14 -19 -20 -6 -268
Cash Flow from Financing Activities 0 -13 21 53 28 -54 42 -121 -45 -107 3
Net Cash Inflow / Outflow 0 -1 11 -10 4 -6 3 11 -1 26 -38
Closing Cash & Cash Equivalent 0 2 13 4 7 1 4 15 14 39 2

Ram Ratna Wires Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.12 1.09 2.51 3.09 1.78 1.64 1.69 5.93 5.1 6.37 7.96
CEPS(Rs) 1.88 1.96 3.45 4.39 3.67 3.76 3.79 8.17 7.44 8.44 10.48
DPS(Rs) 0.25 0.19 0.31 0.31 0.31 0.13 0.25 1.25 1.25 2.5 1.25
Book NAV/Share(Rs) 7.56 8.44 14.24 18.97 20.86 20.32 22.76 30.84 35.41 48.2 54.55
Core EBITDA Margin(%) 4.19 4.3 5.65 5.93 4.75 4.17 3.97 4.58 4.11 3.99 4.27
EBIT Margin(%) 3.66 3.56 5.02 5.25 3.81 3.15 3.08 4.37 3.69 3.86 4.13
Pre Tax Margin(%) 1.82 1.83 3.77 3.73 1.73 1.15 1.38 3.17 2.43 2.5 2.64
PAT Margin (%) 1.19 1.19 2.48 2.38 1.12 1.01 1.03 2.36 1.77 1.83 1.91
Cash Profit Margin (%) 1.99 2.13 3.41 3.32 2.27 2.29 2.18 3.14 2.47 2.49 2.51
ROA(%) 4.63 4.51 7.98 6.43 2.82 2.54 2.65 7.96 6.09 6.13 6.23
ROE(%) 14.84 13.66 22.09 18.98 9.11 8.05 8.3 22.97 16.12 14.85 15.52
ROCE(%) 16.97 15.51 19.2 17.6 11.78 9.4 9.12 18.18 17.51 18.72 21.19
Receivable days 51.73 52.65 53.95 57.79 59.43 58.08 59.95 47.65 45.12 40.57 35.33
Inventory Days 6.96 8.08 12.25 13.32 18.68 25.54 28.11 20.66 21.53 23.39 21.29
Payable days 9.11 6.35 12.04 17.2 16.98 13.54 10.2 15.64 24.75 29.56 36.79
PER(x) 10.16 8.01 10.77 13.49 14.14 6.79 11.83 8.33 15.5 20.07 34.13
Price/Book(x) 1.51 1.04 1.9 2.2 1.2 0.55 0.88 1.6 2.23 2.65 4.98
Dividend Yield(%) 2.19 2.14 1.16 0.75 1.24 1.12 1.25 2.53 1.58 1.95 0.46
EV/Net Sales(x) 0.28 0.26 0.46 0.54 0.37 0.27 0.35 0.3 0.36 0.45 0.73
EV/Core EBITDA(x) 5.6 5.26 7.03 8.52 7.39 6.06 8.27 5.9 8.19 9.87 15.23
Net Sales Growth(%) 0 -2.52 9.95 42.12 24.99 1.67 5.57 49.88 15.78 12.6 23.24
EBIT Growth(%) 0 -5.24 55 36.78 -11.43 -15.96 3.35 112.86 -2.23 17.74 31.75
PAT Growth(%) 0 -2.59 129.28 25.83 -42.47 -8.62 7.83 244.51 -13.25 16.21 28.54
EPS Growth(%) 0 -2.59 129.28 23.26 -42.46 -7.6 3.15 250.23 -13.98 24.94 24.95
Debt/Equity(x) 1.7 1.59 1.18 1.53 1.71 1.63 1.8 0.99 0.85 0.54 0.62
Current Ratio(x) 1.22 1.24 1.26 1.13 1.18 1.26 1.38 1.62 1.5 1.6 1.19
Quick Ratio(x) 1.1 1.07 1.03 0.96 0.87 0.88 0.96 1.2 1.01 1.11 0.8
Interest Cover(x) 1.99 2.05 4.01 3.44 1.84 1.58 1.82 3.63 2.92 2.84 2.78
Total Debt/Mcap(x) 1.12 1.54 0.62 0.7 1.42 2.98 2.05 0.62 0.38 0.2 0.12

Ram Ratna Wires Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.04 73.04 73.04 73.04 72.97 72.97 72.97 68.84 68.54 69.3
FII 0.07 0.03 0.21 0.48 0.31 0.17 0.17 0.1 0.09 0.16
DII 0.01 0 0 0 0 0.24 0.35 0.33 0.42 0.44
Public 26.88 26.92 26.75 26.47 26.72 26.62 26.51 30.73 30.95 30.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ram Ratna Wires News

Ram Ratna Wires Pros & Cons

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years

Cons

  • Debtor days have increased from 29.56 to 36.79days.
  • Stock is trading at 6.4 times its book value.
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