RAMRAT
Ram Ratna Wires Limited
Copper tubes, pipes and enamelled winding wires for motors and transformers
Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment
rrshramik.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Stock price
₹558.25
Market cap
5,214 Cr
Stock P/E
41.1
P/B
8.99
Dividend yield
0.2%
ROE (FY26)
18.3%
ROCE (FY26)
19.1%
Operating margin (FY26)
4.4%
Debt / equity (FY26)
1.13
OCF / EBITDA (FY26)
-35.3%
OCF / EBITDA (3Y)
50.6%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Ram Ratna Wires (Ram Ratna) makes enamelled winding wires and strips and copper tubes and pipes, selling them to makers of motors, transformers, electrical equipment and automotive parts in India and export markets.
Company snapshot
11thBy market cap
Ranked among 32 companies in Other Electrical Equipment.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 82.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Copper tubes and pipes | 16.9% | 150 Cr | 6 Cr | 300 Cr |
| Enamelled wires and strips | 82.0% | 729 Cr | 15 Cr | 813 Cr |
| Others | 1.0% | 9 Cr | 0.90 Cr | 86 Cr |
What we see
Positives
- ✓Return on equity of 18.3% — the company generates strong returns on shareholders' money.
Concerns
- ✗Net margin is very thin at 2.1% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 757 Cr | 698 Cr | 803 Cr | 892 Cr | 940 Cr | 889 Cr | 957 Cr | 982 Cr | 1,163 Cr | 1,278 Cr | 1,753 Cr | 1,853 Cr |
| Operating expenses (approx.) | 726 Cr | 672 Cr | 767 Cr | 856 Cr | 904 Cr | 850 Cr | 911 Cr | 940 Cr | 1,108 Cr | 1,206 Cr | 1,660 Cr | 1,764 Cr |
| EBITDA | 32 Cr | 26 Cr | 37 Cr | 36 Cr | 36 Cr | 39 Cr | 45 Cr | 43 Cr | 56 Cr | 72 Cr | 93 Cr | 90 Cr |
| OPM % | 4.2% | 3.7% | 4.6% | 4.0% | 3.8% | 4.4% | 4.7% | 4.4% | 4.8% | 5.6% | 5.3% | 4.8% |
| Other income | 6 Cr | 4 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 6 Cr | 4 Cr | 4 Cr | 5 Cr | 6 Cr | 2 Cr |
| Interest | 10 Cr | 9 Cr | 11 Cr | 12 Cr | 13 Cr | 14 Cr | 16 Cr | 16 Cr | 19 Cr | 21 Cr | 28 Cr | 32 Cr |
| Depreciation | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 6 Cr | 8 Cr | 9 Cr | 8 Cr | 13 Cr | 13 Cr |
| Profit before tax | 23 Cr | 16 Cr | 23 Cr | 23 Cr | 22 Cr | 23 Cr | 30 Cr | 22 Cr | 31 Cr | 42 Cr | 57 Cr | 46 Cr |
| Tax % | 36.9% | 25.0% | 17.2% | 27.3% | 22.2% | 21.5% | 37.1% | 28.9% | 29.1% | 25.4% | 31.6% | 23.7% |
| Net profit | 14 Cr | 12 Cr | 19 Cr | 16 Cr | 17 Cr | 18 Cr | 19 Cr | 16 Cr | 22 Cr | 32 Cr | 39 Cr | 35 Cr |
| EPS (₹) | ₹3.12 | ₹2.62 | ₹4.00 | ₹3.14 | ₹3.82 | ₹3.74 | ₹3.86 | ₹3.31 | ₹4.57 | ₹3.35 | ₹4.18 | ₹3.77 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 890 Cr | 1,164 Cr | 1,423 Cr | 1,446 Cr | 1,527 Cr | 2,289 Cr | 2,650 Cr | 2,983 Cr | 3,677 Cr | 5,177 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 839 Cr | 1,095 Cr | 1,355 Cr | 1,386 Cr | 1,466 Cr | 2,179 Cr | 2,541 Cr | 2,864 Cr | 3,520 Cr | 4,913 Cr | Sign in free for the trailing twelve months |
| EBITDA | 51 Cr | 69 Cr | 67 Cr | 60 Cr | 61 Cr | 109 Cr | 109 Cr | 119 Cr | 156 Cr | 264 Cr | Sign in free for the trailing twelve months |
| OPM % | 5.7% | 5.9% | 4.7% | 4.1% | 4.0% | 4.8% | 4.1% | 4.0% | 4.3% | 5.1% | Sign in free for the trailing twelve months |
| Other income | 2 Cr | 3 Cr | 4 Cr | 4 Cr | 3 Cr | 7 Cr | 7 Cr | 15 Cr | 18 Cr | 18 Cr | Sign in free for the trailing twelve months |
| Interest | 11 Cr | 17 Cr | 29 Cr | 28 Cr | 25 Cr | 27 Cr | 33 Cr | 40 Cr | 54 Cr | 84 Cr | Sign in free for the trailing twelve months |
| Depreciation | 8 Cr | 11 Cr | 16 Cr | 19 Cr | 18 Cr | 18 Cr | 18 Cr | 20 Cr | 22 Cr | 38 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 34 Cr | 43 Cr | 25 Cr | 17 Cr | 21 Cr | 73 Cr | 64 Cr | 75 Cr | 97 Cr | 153 Cr | Sign in free for the trailing twelve months |
| Tax % | 34.3% | 36.0% | 35.3% | 12.6% | 25.7% | 25.3% | 27.0% | 26.8% | 27.7% | 29.0% | Sign in free for the trailing twelve months |
| Net profit | 22 Cr | 28 Cr | 16 Cr | 15 Cr | 16 Cr | 54 Cr | 47 Cr | 55 Cr | 70 Cr | 109 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹10.02 | ₹12.35 | ₹7.11 | ₹6.57 | ₹6.77 | ₹23.72 | ₹10.20 | ₹11.88 | ₹15.06 | ₹11.48 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 7.0% | 4.1% | 23.4% | 40.3% | 15.7% | 10.7% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 11 Cr | 22 Cr | 22 Cr | 22 Cr | 47 Cr |
| Reserves | 114 Cr | 156 Cr | 173 Cr | 168 Cr | 189 Cr | 260 Cr | 290 Cr | 388 Cr | 461 Cr | 533 Cr |
| Borrowings | 148 Cr | 245 Cr | 300 Cr | 269 Cr | 339 Cr | 269 Cr | 266 Cr | 228 Cr | 296 Cr | 654 Cr |
| Other liabilities | 66 Cr | 106 Cr | 119 Cr | 87 Cr | 98 Cr | 164 Cr | 237 Cr | 294 Cr | 516 Cr | 754 Cr |
| Total liabilities | 339 Cr | 525 Cr | 609 Cr | 541 Cr | 646 Cr | 715 Cr | 829 Cr | 953 Cr | 1,300 Cr | 1,994 Cr |
| Fixed assets (net) | 72 Cr | 139 Cr | 167 Cr | 164 Cr | 156 Cr | 149 Cr | 143 Cr | 172 Cr | 352 Cr | 565 Cr |
| CWIP | 0.50 Cr | 6 Cr | 0.87 Cr | 0.58 Cr | 3 Cr | 6 Cr | 4 Cr | 29 Cr | 113 Cr | 34 Cr |
| Investments | 41 Cr | 66 Cr | 48 Cr | 27 Cr | 37 Cr | 66 Cr | 80 Cr | 43 Cr | 19 Cr | 16 Cr |
| Loans & advances | — | — | 0.28 Cr | 0.41 Cr | 0.19 Cr | 0.31 Cr | 0.19 Cr | 0.26 Cr | 0.28 Cr | 0.24 Cr |
| Inventories | 40 Cr | 45 Cr | 100 Cr | 102 Cr | 133 Cr | 126 Cr | 187 Cr | 196 Cr | 234 Cr | 486 Cr |
| Trade receivables | 148 Cr | 221 Cr | 242 Cr | 218 Cr | 284 Cr | 314 Cr | 341 Cr | 323 Cr | 390 Cr | 641 Cr |
| Cash & bank | 13 Cr | 4 Cr | 7 Cr | 0.98 Cr | 4 Cr | 15 Cr | 9 Cr | 2 Cr | 2 Cr | 8 Cr |
| Other assets | 25 Cr | 44 Cr | 44 Cr | 27 Cr | 28 Cr | 40 Cr | 65 Cr | 189 Cr | 190 Cr | 244 Cr |
| Total assets | 339 Cr | 525 Cr | 609 Cr | 541 Cr | 646 Cr | 715 Cr | 829 Cr | 953 Cr | 1,300 Cr | 1,994 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 21 Cr | 2 Cr | -8 Cr | 64 Cr | -26 Cr | 151 Cr | 65 Cr | 138 Cr | 227 Cr | -93 Cr |
| Cash from investing | -31 Cr | -65 Cr | -16 Cr | -17 Cr | -14 Cr | -19 Cr | -20 Cr | -6 Cr | -268 Cr | -151 Cr |
| Cash from financing | 21 Cr | 53 Cr | 28 Cr | -54 Cr | 42 Cr | -121 Cr | -45 Cr | -107 Cr | 3 Cr | 250 Cr |
| Net cash flow | 11 Cr | -10 Cr | 4 Cr | -6 Cr | 3 Cr | 11 Cr | -1 Cr | 26 Cr | -38 Cr | 6 Cr |
| Free cash flow (OCF − Capex) | -10 Cr | -52 Cr | -45 Cr | 47 Cr | -40 Cr | 132 Cr | 39 Cr | 23 Cr | -16 Cr | -264 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 16.3% | 14.5% | 11.0% | 9.9% | 8.5% | 18.1% | 16.5% | 17.4% | 19.2% | 19.1% |
| ROE % | 17.6% | 15.7% | 8.2% | 7.8% | 7.1% | 18.5% | 13.8% | 12.1% | 14.4% | 18.3% |
| Debtor days | 60 | 69 | 62 | 55 | 68 | 50 | 47 | 39 | 39 | 45 |
| Inventory days | 21 | 16 | 28 | 29 | 35 | 22 | 28 | 27 | 25 | 37 |
| Days payable | 21 | 19 | 18 | 9 | 12 | 21 | 28 | 33 | 46 | 48 |
| Cash conversion cycle | 60 | 66 | 73 | 75 | 91 | 51 | 46 | 33 | 18 | 33 |
| OCF / EBITDA % | 40.4% | 3.1% | -11.5% | 107.2% | -42.0% | 137.7% | 59.5% | 116.3% | 145.5% | -35.3% |
| OCF / EBITDA % (3 years) | — | — | 8.0% | 30.0% | 16.4% | 82.2% | 68.0% | 104.9% | 112.1% | 50.6% |
| Debt / equity | 1.18 | 1.47 | 1.63 | 1.50 | 1.69 | 0.99 | 0.85 | 0.55 | 0.61 | 1.13 |
| Current ratio | 1.26 | 1.13 | 1.18 | 1.26 | 1.38 | 1.60 | 1.50 | 1.60 | 1.19 | 1.15 |
| Net debt / EBITDA | 2.65 | 3.53 | 4.36 | 4.46 | 5.48 | 2.33 | 2.37 | 1.90 | 1.88 | 2.45 |