Ram Ratna Wires Limited (RAMRAT)

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Ram Ratna Wires Limited (RAMRAT) · mywealthgrid

About

Ram Ratna Wires Limited manufactures electrical equipment (wires and cables) within India's Industrials sector. With a market cap of ₹4,432 Cr and recent quarterly revenues of ₹1.2–1.9 Cr, it operates at significant scale. The company demonstrates consistent profitability with operating margins of 5.1% and ROE of 20.1%, though thin margins reflect the commodity-linked nature of electrical equipment manufacturing.

Face value: ₹5

Market cap

₹5,752 Cr

P/E

45.4×

P/B

9.9×

Dividend yield

0.8%

ROE

20.1%

ROCE

30.4%

Debt / equity

1.13

OPM

5.1%

EPS (TTM)

₹13.6

Book value

₹62.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin of 5.09% is thin, leaving minimal cushion against raw material cost inflation; verify hedging practices and price-pass mechanisms
D/E ratio of 1.13 indicates substantial leverage with debt exceeding equity; check debt maturity and interest coverage
PE multiple of 34.95 is elevated; verify if revenue and profit growth can sustain this valuation in a softer demand environment
Minimal institutional holdings (FII 0.47%, DII 0.62%) may indicate limited research coverage; assess liquidity implications

Generated analysis · source review pending

Growth drivers

Revenue grew from ₹1,163 Cr (Sep 2025) to ₹1,853 Cr (Jun 2026); verify if driven by volume expansion, new products, or market recovery
ROE of 20.14% supports reinvestment in capacity and working capital; check capex plans and management's growth ambitions
Quarterly net profits of ₹21.64–40.01 Cr fund dividend and bonus payments; verify if free cash flow can sustain growth without additional leverage
Electrical equipment demand tied to India's infrastructure cycle; verify company's addressable market positioning and capacity to capitalize on infrastructure spending

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹616.6+5.6%1Y

Quick read

rule-based

Pros

+High return on capital employed of 25.8%
+Profit CAGR of 48.3% over the last 5 years
+Revenue CAGR of 27.7% over the last 5 years
+Dividend payout of 36.8% of profit
+High promoter holding of 69.3% with no pledge

Cons

−Thin operating margin of 5.1%
−Trading at 9.9× book value
−Promoter holding fell 3.7 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 41
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,527	2,289	2,650	2,983	3,677	5,177
COGS	1,375	2,067	2,404	2,713	3,341	4,654
Gross profit	152	222	246	270	336	522
	91	112	137	151	181	263
	61	109	109	119	155	260
OPM %	4%	4.8%	4.1%	4%	4.2%	5%
Depreciation	18	18	18	20	22	38
Interest	25	27	33	40	54	84
	3	8	7	15	18	15
Profit before tax	21	73	64	75	97	153
Tax	5	18	17	20	27	44
Tax %	25.7%	25.4%	27%	26.8%	27.7%	29%
	16	54	47	55	70	109
PAT margin %	1%	2.4%	1.8%	1.8%	1.9%	2.1%
EPS (₹)	6.8	11.9	10.2	11.9	15.1	11.5
EPS adjusted (₹)	1.7	5.9	5.1	5.9	8	11.5
	14.8%	42.2%	49%	21%	16.6%	21.8%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	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
Reserves	77	156	173	168	189	260	290	388	461	533
Minority interest	—	—	—	—	9	11	14	22	4	5
	114	245	300	269	361	269	266	228	296	654
	26	112	126	93	77	164	237	294	516	754
Total equity & liabilities	228	525	609	541	646	715	829	954	1,300	1,994
	52	141	—	166	158	151	147	175	377	590
CWIP	2	6	1	1	3	6	4	29	113	34
Investments	3	4	4	5	37	66	80	43	19	16
	171	374	604	369	447	493	599	707	791	1,354
Total assets	228	525	609	541	646	715	829	954	1,300	1,994

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Winding wires and strips	3,986.59	181.63	1,078.7	797.73	280.97	64.64
Copper tubes and pipes	1,146.74	68.18

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	10%	9.7%	9.3%	9.1%	9.1%	10.1%
EBITDA margin %	4%	4.8%	4.1%	4%	4.3%	5.1%
EBIT margin %	2.9%	4%	3.4%	3.3%	3.6%	4.4%
PAT margin %	1%	2.4%	1.8%	1.8%	1.9%	2.1%
Working capital
Receivable days	68	50	47	39	39	45
Inventory days	35	22	28	26	26	38
Payable days	12	23	29	33	46	50
NWC days	91	49	46	33	18	33
Leverage
Current ratio	1.38	1.62	1.5	1.6	1.19	1.15
Debt to EBITDA	5.9	2.46	2.45	1.91	1.9	2.48
Debt to equity	1.8	0.99	0.85	0.55	0.61	1.13
Interest coverage	1.8	3.6	2.9	2.9	2.8	2.9
Asset turnover	2.36	3.2	3.2	3.13	2.83	2.6
Return ratios
Return on assets %	2.4%	7.6%	5.7%	5.7%	5.4%	5.4%
Return on capital employed %	14.1%	26.5%	22.6%	22.9%	24.2%	30.4%
Return on equity %	7.9%	20%	15.1%	13.3%	14.5%	18.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.04%	73.04%	73.04%	73.04%	73.04%	72.97%	72.97%	72.97%	68.84%	69.3%	69.3%	69.3%
	0.15%	0.07%	0.03%	0.21%	0.48%	0.31%	0.17%	0.17%	0.1%	0.09%	0.16%	0.47%
	0%	0.01%	0%	0%	0%	0%	0.24%	0.35%	0.33%	0.42%	0.44%	0.62%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.81%	26.88%	26.93%	26.75%	26.48%	26.72%	26.62%	26.51%	30.73%	30.19%	30.1%	29.61%
No. of shareholders	—	—	—	—	—	—	—	—	18,074	20,231	19,958	24,296

Promoter holding down 3.74 percentage points since Sep 2023.

6 deals · 16 Apr 2024 – 22 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Sept 2026	TRADE SOLVENT PRIVATE LIMITED	Bulk	NSE	Buy	5,49,122	₹562.60	₹30.89 Cr
22 Sept 2026	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Sell	5,49,122	₹562.58	₹30.89 Cr
2 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,90,861	₹393.65	₹11.45 Cr
2 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,90,861	₹394.28	₹11.47 Cr
16 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,65,592	₹330.03	₹8.77 Cr
16 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,65,592	₹328.79	₹8.73 Cr

1–6 of 6

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Tribhuvanprasad Rameshwarlal KabraNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Mahendrakumar Rameshwarlal KabraExecutive Director-MD
Mr. Hemant Mahendrakumar KabraExecutive Director-MD
Mr. Ramesh ChandakNon-Executive - Independent Director
Mrs. Payal AgarwalNon-Executive - Independent Director
Mr. Ankit KediaNon-Executive - Independent Director
Mr. Ashok Kumar GoelNon-Executive - Independent Director
Mr. Hitesh VaghelaExecutive Director
Mr. Sumeet Mahendrakumar KabraExecutive Director
Mr. Sanjay AgarwalNon-Executive - Independent Director
Mr. Rajeev MaheshwariChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ram Ratna Wires Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Please find enclosed herewith intimation under Regulation 30 of SEBI LODR Regulations, 2015 relating to credit rating assigned by CARE Ratings Limited.30 Sept 2025 from CARE

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

21

Final dividend22 Jul 2026 · ex-date₹2.5
Dividend dividend18 Aug 2025 · ex-date₹2.5
Final dividend16 Aug 2024 · ex-date₹2.5
Special dividend17 Nov 2023 · ex-date₹2.5
Final dividend1 Sept 2023 · ex-date₹2.5
Final dividend25 Aug 2022 · ex-date₹5
Final dividend8 Sept 2021 · ex-date₹1
Dividend dividend17 Sept 2020 · ex-date₹0.5
Dividend dividend29 Aug 2019 · ex-date₹1.25
Dividend dividend6 Sept 2018 · ex-date₹1.25
Final dividend7 Sept 2017 · ex-date₹1.25
Interim dividend21 Mar 2016 · ex-date₹0.75
Dividend dividend11 Sept 2015 · ex-date₹1
Dividend dividend15 Sept 2014 · ex-date₹0.75
Dividend dividend26 Aug 2013 · ex-date₹0.75
Dividend dividend14 Aug 2012 · ex-date₹0.75
Dividend dividend10 Aug 2011 · ex-date₹1
Dividend dividend5 Aug 2010 · ex-date₹2
Dividend dividend24 Aug 2009 · ex-date₹0.75
Dividend dividend20 Aug 2008 · ex-date₹1.5
Dividend dividend23 Aug 2007 · ex-date₹0.75

1

Board meeting to consider results31 Jul 2026

1

Face value ₹10 → ₹514 Oct 2010 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

29 Aug 2026, 5:07 pmCompany Update

Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	10%	9.7%	9.3%	9.1%	9.1%	10.1%
EBITDA margin %	4%	4.8%	4.1%	4%	4.3%	5.1%
EBIT margin %	2.9%	4%	3.4%	3.3%	3.6%	4.4%
PAT margin %	1%	2.4%	1.8%	1.8%	1.9%	2.1%
Working capital
Receivable days	68	50	47	39	39	45
Inventory days	35	22	28	26	26	38
Payable days	12	23	29	33	46	50
NWC days	91	49	46	33	18	33
Leverage
Current ratio	1.38	1.62	1.5	1.6	1.19	1.15
Debt to EBITDA	5.9	2.46	2.45	1.91	1.9	2.48
Debt to equity	1.8	0.99	0.85	0.55	0.61	1.13
Interest coverage	1.8	3.6	2.9	2.9	2.8	2.9
Asset turnover	2.36	3.2	3.2	3.13	2.83	2.6
Return ratios
Return on assets %	2.4%	7.6%	5.7%	5.7%	5.4%	5.4%
Return on capital employed %	14.1%	26.5%	22.6%	22.9%	24.2%	30.4%
Return on equity %	7.9%	20%	15.1%	13.3%	14.5%	18.7%

Date	Category	Subject	Filing
29 Aug 2026, 5:07 pm	Company Update General	Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')	PDF
27 Aug 2026, 5:50 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
1 Aug 2026, 11:06 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Jul 2026, 5:12 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
31 Jul 2026, 5:05 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
31 Jul 2026, 5:01 pm	Result Financial Results	Result For The Quarter Ended June 30, 2026.	PDF
31 Jul 2026, 4:54 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On July 31, 2026	PDF
23 Jul 2026, 12:27 pm	Board Meeting	Board Meeting Intimation for Meeting Scheduled To Be Held On July 31, 2026	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	23	21	2	-8	64	-26	151	65	138	227	-93
	-11	-31	-65	-16	-17	-14	-19	-20	-6	-268	-151
	-13	21	53	28	-54	42	-121	-45	-107	3	250
Net cash flow	-1	11	-10	4	-6	3	11	-1	26	-38	6
Free cash flow	—	—	—	—	—	-40	132	39	23	-16	-264
CFO / Operating profit %	—	—	—	—	—	-42%	137.7%	59.5%	116.3%	145.5%	-35.3%

Ram Ratna Wires Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends21

Board meetings1

Stock splits1

Announcements

Dividends21

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Copper tubes and pipes · revenue

21

1

1

21

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