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Ram Ratna Wires

RAMRAT NSE
₹533.40 +11.45 (+2.19%)
P/E
39.28
View as Markdown
MCP
Close 4 Nov 2026 ₹533.40 +224.47 +72.7% 1Y
Start ₹308.93

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
23.60%
Debt to Equity
1.16
EPS (TTM)
₹13.58
Book Value
₹67.21
Market Cap
—
P/E (TTM)
39.28
P/B
7.94
ROE
20.60%
Dividend Yield
0.48%
EBITDA
₹282 Cr
52W High
₹662.85
52W Low
₹268.00
Day Range
₹511.60 – ₹536.90
Volume
54,251

Peer Comparison

Industrials › Capital Goods › Other Electrical Equipment

Ram Ratna Wires peer comparison
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Ram Ratna Wires (this company)
₹533.4039.28₹4,911 Cr7.940.48%20.60%23.60%₹6,047 Cr₹128 Cr
Median 8 companies₹1,472.5046.84₹20,849 Cr7.940.14%20.60%27.70%₹6,035 Cr₹682 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
35
Poor
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
96
Strong
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
66
Good
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 49.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.0%
  • Company's median sales growth is 19.5% of last 10 years
  • Company's working capital requirements have reduced from 14.0 days to 10.4 days

Weaknesses

2
  • Stock is trading at 9.07 times its book value
  • Promoter holding has decreased over last quarter: -1.38%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish874
OscillatorsBearish270
Moving AveragesStrong Bearish604

Key readings

RSI (14)
44.67
Neutral
MACD (12,26,9)
−10.39
Bearish
SMA (50)
557.19
Bearish
SMA (200)
422.38
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+21.67%
5Y+27.66%
3Y+25.01%
1Y+40.79%
TTM+60.48%

Net profit

Net profit growth by window
10Y+26.98%
5Y+46.78%
3Y+32.37%
1Y+55.71%
TTM+82.86%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹67 Cr
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.23 pp
5Y+0.98 pp
3Y+0.93 pp
1Y+0.80 pp
TTM+0.74 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹801 Cr
Mar 2018₹1,138 Cr
Mar 2019₹1,423 Cr
Mar 2020₹1,446 Cr
Mar 2021₹1,527 Cr
Mar 2022₹2,289 Cr
Mar 2023₹2,650 Cr
Mar 2024₹2,983 Cr
Mar 2025₹3,677 Cr
Mar 2026₹5,177 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹22.00 Cr
Mar 2018₹28.00 Cr
Mar 2019₹16.00 Cr
Mar 2020₹15.00 Cr
Mar 2021₹16.00 Cr
Mar 2022₹54.00 Cr
Mar 2023₹47.00 Cr
Mar 2024₹55.00 Cr
Mar 2025₹70.00 Cr
Mar 2026₹109 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Ram Ratna Wires Ltd is a mid-cap industrials company with a market cap of ₹3,769 Cr, trading at a PE of 34x and delivering TTM sales growth of 41% alongside profit growth of 62%. The company has demonstrated consistent long-term compounding with 5-year profit CAGR of 49%, though valuations are elevated at 6.37x price-to-book, and promoter holding has declined by 3.74% over the last three years.

Bull Case 8
  • TTM profit growth of 62% signals strong earnings momentum and operational leverage
  • 5-year compounded profit CAGR of 49% demonstrates sustained earnings expansion well above sector averages
  • TTM sales growth of 41% indicates robust demand and market share gains
  • 10-year median sales growth of 19.5% reflects a durable long-term growth franchise
  • ROE improved to 21% in the last year from a 5-year average of 17%, showing improving capital efficiency
  • Working capital days reduced from 14.0 to 10.4 days, freeing up cash and improving asset turnover
  • Stock CAGR of 63% over 5 years reflects sustained wealth creation and market confidence
  • Consistent dividend payout of 19% with current yield of 0.63% provides a base level of shareholder return
Bear Case 7
  • Price-to-book of 6.37x suggests the stock is priced for perfection relative to its asset base
  • Promoter holding has decreased by 3.74% over the last 3 years, raising questions about insider confidence
  • 52-week high and low data unavailable (reported as 0), limiting visibility on recent price volatility and support levels
  • Debt-to-equity ratio is not disclosed, creating uncertainty around the company's leverage position
  • 10-year profit CAGR of 28% is significantly lower than the recent 5-year figure of 49%, suggesting recent acceleration may not be sustainable long-term
  • Dividend yield of only 0.63% offers minimal income cushion if capital appreciation stalls
  • Market cap of ₹3,769 Cr places it in mid-cap territory with potential liquidity constraints during market stress

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Ram Ratna Wires has announced a modest dividend of ₹2.50 per share, signaling steady cash flow and shareholder return commitment. No negative developments are visible in the current news cycle. With limited news flow, the near-term outlook hinges on operational performance and sector trends in the industrials/wires space.

Positives 1
  • ₹2.50 dividend record date set Jul 1

    Ram Ratna Wires fixed July 22, 2026 as the record date for a ₹2.50 per share dividend, pending shareholder approval at the upcoming AGM.

Quarterly Results

₹ Cr
RAMRAT quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
724
757
698
803
892
940
889
957
982
1,163
1,278
1,753
1,853
1,962
Expenses
700
726
672
767
856
904
850
912
940
1,109
1,207
1,661
1,765
1,872
Operating Profit
25
32
26
37
36
36
38
45
43
54
71
92
88
—
OPM %
3.4%
4.2%
3.7%
4.6%
4%
3.8%
4.3%
4.7%
4.4%
4.7%
6%
5%
4.8%
—
Other Income
2.33
6
4
3
3.4
4
4
6
4
4
1
6
2
—
Interest
10
10
9
11
12
13
14
16
16
19
21
28
32
30
Depreciation
5
5
5
5
5
5
5
6
8
9
8
13
13
13
PBT
13
23
16
23
22.42
22
23
30
22
31
42
57
46
52
Tax %
29%
37%
25%
17%
27%
22%
21%
37%
29%
29%
25%
32%
24%
31%
Net Profit
9
14
12
19
16
17
18
19
16
22
32
39
35
36
EPS (₹)
1.07
1.56
1.31
2
1.89
1.91
1.87
2.04
1.75
2.28
3.35
4.18
3.77
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
RAMRAT profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
747
728
801
1,138
1,423
1,446
1,527
2,289
2,650
2,983
3,677
5,177
6,047
Expenses
712
693
750
1,069
1,356
1,386
1,465
2,179
2,540
2,864
3,521
4,915
5,743
Operating Profit
35
35
51
69
67
60
62
110
109
120
156
261
305
OPM %
4.7%
4.8%
6%
6%
4.7%
4.2%
4%
4.8%
4.1%
4%
4.2%
5%
5%
Other Income
2
2
2
3
4
4
3
8
7
15
18
15
14
Interest
15
14
11
18
30
29
26
28
34
41
53.68
86
99
Depreciation
7
8
8
11
16
19
18
18
18
20
22
38
42
PBT
15
15
34
43
25
17
21
73
64
75
98.29
153
177
Tax %
35%
35%
34%
36%
35%
13%
26%
25%
27%
27%
28%
29%
—
Net Profit
10
10
22
28
16
15
16
54
47
55
70
109
128
EPS (₹)
1.12
1.09
2.51
3.09
1.78
1.64
1.69
5.93
5.1
6.37
7.96
11.47
13.58
Div. Payout %
22%
17%
12%
10%
18%
8%
15%
21%
24%
20%
16%
22%
—

Balance Sheet

₹ Cr
RAMRAT balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
22
22
22
47
Reserves
56
63
114
156
173
168
189
260
290
404
461
533
Borrowings
113
118
148
255
314
292
361
270
267
249
305
675
Other Liabilities
34
21
66
103
111
70
85
174
251
277
512
739
Total Liabilities
213
213
339
525
609
541
646
715
829
952
1,300
1,994
Fixed Assets
48
52
72
141
169
167
158
151
147
214
404
639
CWIP
0
2
0
6
1
1
3
7
4
29
113
34
Investments
0
0
41
66
48
27
37
66
80
43
19
16
Other Assets
165
159
225
312
392
346
447
492
599
666
763
1,305
Total Assets
213
213
339
525
609
541
646
715
829
952
1,300
1,994

Cash Flow

₹ Cr
RAMRAT cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
23
21
2
−8
64
−26
151
65
138
227
−93
Investing
—
−11
−31
−64
−16
−17
−14
−19
−20
−6
−268
−151
Financing
—
−13
21
53
28
−54
42
−121
−45
−107
3
250
Net Cash Flow
—
−1
11
−9
4
−6
3
11
−1
26
−38
6
Free Cash Flow
—
10
−10
−52
−44
47
−39
132
40
32
−10
−264
CFO/EBITDA
—
84
66
23
1
115
−34
153
75
140
160
−18

Ratios

RAMRAT financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
58
58
67
71
62
55
68
50
47
39
39
45
Inventory Days
9
11
21
16
29
29
36
22
29
27
26
38
Days Payable
9
3
21
20
18
9
12
21
29
33
47
51
Cash Conversion Cycle
57
66
67
68
73
75
92
51
46
33
18
33
Working Capital Days
11
13
14
10
13
17
28
27
26
23
9
10
ROCE %
—
16%
19%
17%
12%
9%
9%
18%
17%
17%
20%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ram Ratna Wires insights

68 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 67.92%
  • Public 18.64%
  • Others 11.99%
  • FIIs 0.94%
  • DIIs 0.50%

0.03% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Jul 2026
    PPT
  • Concall · May 2026
    PPT
  • Concall · Mar 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT

Frequently Asked Questions about Ram Ratna Wires

What does Ram Ratna Wires Ltd do?
Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires.
Where is Ram Ratna Wires Ltd (RAMRAT) listed?
Ram Ratna Wires Ltd trades as RAMRAT on the NSE and under code 522281 on the BSE.
Which sector does Ram Ratna Wires Ltd belong to?
Ram Ratna Wires Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Ram Ratna Wires Ltd?
Ram Ratna Wires Ltd trades at a PE ratio of 39.28 as of 4 Nov 2026, on earnings per share of ₹13.58, against a book value of ₹67.21 per share.
What is the 52-week high and low of Ram Ratna Wires Ltd?
Over the last 52 weeks Ram Ratna Wires Ltd has traded between ₹268 and ₹662.85 as of 4 Nov 2026.
Does Ram Ratna Wires Ltd pay dividends?
Ram Ratna Wires Ltd has a dividend yield of 0.48%.
What is the Return on Equity (ROE) of Ram Ratna Wires Ltd?
Ram Ratna Wires Ltd reported a return on equity of 20.60%. Its debt-to-equity ratio is 1.16.

Company Information

Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires.

CEO Mr. Mahendrakumar Rameshwarlal Kabra
Employees 1,025
Listed 29 Jul 2022
Face Value ₹5

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