Ram Ratna Wires
Ram Ratna Wires
Capital GoodsKey Fundamentals
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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 8.58 times its book value
- Promoter holding has decreased over last 3 years: -3.74%
Growth Rate
AI Analysis — Bull vs Bear
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.
- 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
- PE of 34x is elevated for a wires and cables company, leaving limited margin of safety if growth decelerates
- 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
- ₹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.
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.
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 724 | 757 | 698 | 803 | 892 | 940 | 889 | 957 | 982 | 1,163 | 1,278 | 1,753 | 1,853 |
| Expenses | 700 | 726 | 672 | 767 | 856 | 904 | 850 | 912 | 940 | 1,109 | 1,207 | 1,661 | 1,765 |
| 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 | 3 | 6 | 4 | 3 | 4 | 4 | 4 | 6 | 4 | 4 | 1 | 6 | 2 |
| Interest | 10 | 10 | 9 | 11 | 12 | 13 | 14 | 16 | 16 | 19 | 21 | 28 | 32 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 8 | 9 | 8 | 13 | 13 |
| PBT | 13 | 23 | 16 | 23 | 23 | 22 | 23 | 30 | 22 | 31 | 42 | 57 | 46 |
| Tax % | 29% | 37% | 25% | 17% | 27% | 22% | 21% | 37% | 29% | 29% | 25% | 32% | 24% |
| Net Profit | 9 | 14 | 12 | 19 | 16 | 17 | 18 | 19 | 16 | 22 | 32 | 39 | 35 |
| EPS in Rs | 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 55 | 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 | 97 | 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 in Rs | 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
| Particulars | Mar 2015 | Mar 2016 | 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 | 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | — | 84 | 66 | 23 | 1 | 115 | -34 | 153 | 75 | 140 | 160 | -18 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about Ram Ratna Wires
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Company Information
Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires. [1]
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