MarketFriction

Ram Ratna Wires Ltd

NSE RAMRAT · BSE 522281 · Other Electrical Equipment
₹616.55 +5.86%
NSE close2026-10-01
52 week range268.00 - 602.45
Market cap₹5,450 Cr.
P/E42.1
Price band 20% Delivery 21.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7576988038929408899579821,1631,2781,7531,853
Expenses7266727678569048509129401,1091,2071,6611,765
Operating Profit322637363638454354719288
OPM %4.2%3.7%4.6%4.0%3.8%4.3%4.7%4.4%4.7%6%5%4.8%
Other Income643444644162
Interest10911121314161619212832
Depreciation55555568981313
Profit before tax231623232223302231425746
Tax %37%25%17%27%22%21%37%29%29%25%32%24%
Net Profit141219161718191622323935
EPS in Rs1.561.312.001.891.911.872.041.752.283.354.183.77
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7288011,1381,4231,4461,5272,2892,6502,9833,6775,1776,047
Expenses6937501,0691,3561,3861,4652,1792,5402,8643,5214,9155,743
Operating Profit355169676062110109120156261305
OPM %4.8%6%6%4.7%4.2%4.0%4.8%4.1%4.0%4.2%5%5%
Other Income2234438715181514
Interest141118302926283441558699
Depreciation8811161918181820223842
Profit before tax15344325172173647597153177
Tax %35%34%36%35%13%26%25%27%27%28%29%
Net Profit10222816151654475570109128
EPS in Rs1.092.513.091.781.641.695.935.106.377.9611.4713.58
Dividend Payout %17%12%10%18%8%15%21%24%20%16%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%28%25%61%
Compounded Profit Growth28%49%35%94%
Stock Price CAGR44%77%61%87%
Return on Equity16%17%17%21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111122222247
Reserves5663114156173168189260290404461533
Borrowings113118148255314292361270267249305675
Other Liabilities3421661031117085174251277512739
Total Liabilities2132133395256095416467158299521,3001,994
Fixed Assets485272141169167158151147214404639
CWIP0206113742911334
Investments0041664827376680431916
Other Assets1651592253123923464474925996667631,305
Total Assets2132133395256095416467158299521,3001,994
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity23212-864-2615165138227-93
Cash from Investing Activity-11-31-64-16-17-14-19-20-6-268-151
Cash from Financing Activity-13215328-5442-121-45-1073250
Net Cash Flow-111-94-6311-126-386
Free Cash Flow10-10-52-4447-391324032-10-264
CFO/OP84%66%23%1%115%-34%153%75%140%160%-18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days585867716255685047393945
Inventory Days91121162929362229272638
Days Payable932120189122129334751
Cash Conversion Cycle576667687375925146331833
Working Capital Days11131410131728272623910
ROCE %16%19%17%12%9%9%18%17%17%20%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.04%73.04%73.04%73.04%73.04%72.98%72.98%72.98%68.84%69.30%69.30%69.30%
FIIs0.15%0.07%0.03%0.20%0.48%0.31%0.17%0.17%0.11%0.09%0.17%0.47%
DIIs0.00%0.01%0.00%0.00%0.00%0.00%0.24%0.35%0.33%0.42%0.44%0.62%
Public26.80%26.89%26.92%26.75%26.48%26.72%26.63%26.51%30.73%30.21%30.09%29.62%
No. of Shareholders18,92318,34616,57918,40119,14019,07918,84818,43018,07420,23119,95824,296

Fundamentals

Market Cap₹ 5,450 Cr.
Current Price₹ 584
Stock P/E42.1
Book Value₹ 62.1
ROCE23.6 %
ROE20.6 %
Dividend Yield0.43 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)61%
Compounded Profit Growth (TTM)94%
Consolidated figures.
Valuation
Market capRs 5,755 Cr
Enterprise valueRs 6,417 Cr
P/E (TTM)45.39x
Price to book9.93x
Price to sales0.95x
EV / EBITDA20.15x
EV / EBIT23.25x
EV / sales1.06x
Earnings yield2.20%
Dividend yield0.41%
P/E, 3-year average17.40x
P/B, 3-year average2.81x
P/E, 5-year average12.41x
P/B, 5-year average1.99x
Profitability
Operating margin (excl. other income)5.05%
Operating margin (incl. other income)5.34%
EBITDA margin5.26%
Pre-tax margin2.92%
Net profit margin2.10%
Net margin, latest quarter1.90%
ROE20.14%
ROCE23.35%
ROA6.50%
ROE, 3-year average16.93%
ROCE, 3-year average20.83%
ROA, 3-year average6.34%
ROE, 5-year average17.66%
ROCE, 5-year average19.63%
ROA, 5-year average6.50%
ROIC (approx.)15.79%
Tax rate29.01%
Other income / net worth2.58%
Growth
Sales growth (latest year)40.79%
Profit growth (latest year)52.60%
Sales CAGR, 3 years25.01%
Sales CAGR, 5 years27.66%
Profit CAGR, 3 years33.60%
Profit CAGR, 5 years48.35%
Sales growth QoQ5.73%
Profit growth QoQ-9.74%
Sales growth YoY (latest quarter)88.63%
Profit growth YoY (latest quarter)127.75%
Per share
EPS (TTM)Rs 13.58
EPS (latest year)Rs 11.47
EPS (latest quarter)Rs 3.77
EPS, 3-year averageRs 13.38
EPS, 5-year averageRs 14.81
Book value per shareRs 62.08
Sales per shareRs 647.83
Cash flow per shareRs -9.96
Free cash flow per shareRs -28.28
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 2.50
Dividend per share, 5-year averageRs 3.00
Dividends
Dividend payout21.80%
Dividend payout, 3-year average19.04%
Dividend payout, 5-year average20.54%
Efficiency
Asset turnover2.60x
Fixed asset turnover8.10x
Inventory turnover9.76x
Inventory days37 days
Debtor days45 days
Debtors turnover8.08x
Creditor days51 days
Cash conversion cycle33 days
Working capital days10 days
Leverage
Total debtRs 675 Cr
Cash and bankRs 14 Cr
Net debtRs 661 Cr
Debt to equity1.17x
Net debt / EBITDA2.08x
Interest coverage2.78x
Current ratio (filing 2026-03-31)1.15x
Quick ratio (filing 2026-03-31)0.70x
Trade payables (filing 2026-03-31)Rs 641 Cr
Owners' fund to total sources29.07%
Debt to assets33.87%
Cash flow
Cash from Operating Activity (latest year)Rs -93 Cr
Cash from Investing Activity (latest year)Rs -151 Cr
Cash from Financing Activity (latest year)Rs 250 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs -264 Cr
FCFE (approx.: FCF + change in debt)Rs 106 Cr
Cash from ops / profit, 5 years1.46x
Statement figures
Net sales (TTM)Rs 6,047 Cr
Net sales (latest year)Rs 5,177 Cr
Sales (latest quarter)Rs 1,853 Cr
Operating profit excl. other income (latest year)Rs 261 Cr
Operating profit (latest quarter)Rs 88 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 318 Cr
PBDT (TTM)Rs 219 Cr
Profit before tax (TTM)Rs 177 Cr
Tax (latest year)Rs 44 Cr
Net profit (TTM)Rs 127 Cr
Net profit (latest year)Rs 107 Cr
Net profit (latest quarter)Rs 35 Cr
Depreciation (TTM)Rs 42 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 99 Cr
Cost of goods sold (latest year)Rs 4,743 Cr
Total expenditure (latest year)Rs 4,915 Cr
Total income (latest year)Rs 5,192 Cr
Share capitalRs 47 Cr
ReservesRs 533 Cr
Shareholders' fundsRs 579 Cr
Total assetsRs 1,994 Cr
Net blockRs 639 Cr
Capital work in progressRs 34 Cr
InvestmentsRs 16 Cr
ReceivablesRs 641 Cr
InventoryRs 486 Cr
Other liabilitiesRs 739 Cr
Shares outstanding (crore)9.33
Ownership
Promoter holding69.30% (-3.68 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 45.4 is at the 90th percentile of its own 9.4-year range (median 19.2, low 6.5, high 54.4).
P/B 9.93 is at the 99th percentile (median 2.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAMRATNifty 50Difference
1 week+12.4%-2.8% +15.2 pts
1 month+8.1%-6.8% +14.9 pts
3 months+55.9%-7.6% +63.5 pts
6 months+113.3%+0.4% +112.9 pts
1 year+91.7%-9.9% +101.7 pts
2 years+89.0%-13.6% +102.6 pts
3 years+344.6%+14.2% +330.4 pts
5 years+1770.0%+27.9% +1742.1 pts

Red flags

F-score 2 of 8
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
lookAuditor change Auditor change 2026-05-26: Ram Ratna Wires Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,853 Cr +88.7% vs Jun 2025. Net profit ₹35 Cr +118.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-22Dividend - Rs 2.50 Per Share
2025-12-26Bonus 1:10.5000
2025-08-18Dividend - Rs 2.50 Per Share
2024-08-16Dividend - Rs 2.50 Per Share
2023-11-17Special Dividend - Rs 2.50 Per Share
2023-09-01Dividend - Rs 2.50 Per Share
2022-09-28Bonus 1:10.5000
2022-08-25Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-08-29LitigationReceipt of Show Cause-cum-Demand Notice under Regulation 30 of the SEBI Listing Regulations.
2026-08-27Concall / analyst meetSchedule of meet
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-07-31Investor PresentationInvestor Presentation
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "Press release on the unaudited (Standalone and Consolidated) Financial Results of the Company for the qua...
2026-07-31Board meeting outcomeRam Ratna Wires Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22Concall / analyst meetSchedule of Analyst/Institutional Investor Meet
2026-07-11UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26.
2026-07-11Shareholder meetingNotice of Annual General Meeting to be held on August 04, 2026
2026-07-01Record DateRecord date for the purpose of Dividend is 22-Jul-2026.
2026-05-27Investor PresentationInvestor Presentation
2026-05-26Press ReleaseA press release dated May 26, 2026, titled "Press release on the Audited (Standalone and Consolidated) Financial Results of the Company for the quarte...
2026-05-26Director changeChange in Director(s) of the company.
2026-05-26Change in AuditorsChange in Auditors of the company.
2026-05-26DividendBoard of Directors at its meeting held on May 26, 2026, recommended Dividend of Rs. 2.50 per equity share.
2026-05-26Board meeting outcomeRam Ratna Wires Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-22Disclosure under SEBI TakeovMahendrakumar Rameshwarlal  Kabra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of In...
2026-04-18Volume querySignificant increase in volume has been observed in Ram Ratna Wires Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-04-17Volume querySignificant increase in volume has been observed in Ram Ratna Wires Limited. The Exchange, in order to ensure that investors have latest relevant info...
2026-03-28Capacity additionCapacity addition at the existing manufacturing units located at Silvassa, Dadra & Nagar Haveli and Daman & Diu
2026-03-23Investor PresentationInvestor Presentation
2026-03-14Regulatory actionAction(s) initiated or orders passed
2026-03-13Concall / analyst meetSchedule of meet
2026-03-10Regulatory actionAction(s) initiated or orders passed
2026-03-10Regulatory actionAction(s) initiated or orders passed in regards for Global Copper Private Limited (Merged into the Company w.e.f. April 01, 2024)
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 50perc in previous 3 monthsClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03