Ram Ratna Wires Limited (IN:RAMRAT)
:RAMRAT
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Ram Ratna Wires Limited
(RAMRAT)
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Rating:71Outperform
Price Target:
₹470.00
▲(50.79% Upside)
Action:UpgradedDate:04/28/26
The score is driven primarily by solid financial performance (growth and improving profitability) but tempered by negative free cash flow and still-elevated debt risk. Technicals are very strong with clear momentum above key averages, though overbought signals add near-term risk. Valuation is only moderate with a mid-20s P/E and very low dividend yield.
Positive Factors
Revenue growth trajectory
Ram Ratna’s consistent revenue growth (RevenueGrowth ~24%) reflects durable demand for copper winding wire across motors, transformers and industrial OEMs. Persistent top-line expansion signals broader market penetration and product adoption that should support earnings stability over the next 2–6 months.
Negative Factors
Negative and volatile free cash flow
Recurring negative and volatile free cash flow driven by heavy capex weakens internal funding for growth and debt reduction. This elevates reliance on external financing or equity, raising execution and refinancing risk and limiting cushion against downturns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth trajectory
Ram Ratna’s consistent revenue growth (RevenueGrowth ~24%) reflects durable demand for copper winding wire across motors, transformers and industrial OEMs. Persistent top-line expansion signals broader market penetration and product adoption that should support earnings stability over the next 2–6 months.
Read all positive factors
Ram Ratna Wires Limited (RAMRAT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹40.21B
Dividend Yield0.39%
Average Volume (3M)2.75K
Price to Earnings (P/E)23.0
Beta (1Y)1.24
Revenue Growth24.33%
EPS Growth25.04%
CountryIN
Employees851
SectorBasic Materials
Sector Strength58
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.35
Shares Outstanding93,349,075
10 Day Avg. Volume1,814
30 Day Avg. Volume2,754
Financial Highlights & Ratios
PEG Ratio1.55
Price to Book (P/B)5.07
Price to Sales (P/S)0.67
P/FCF Ratio-38.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ram Ratna Wires Limited Business Overview & Revenue Model
Company Description
Ram Ratna Wires Limited manufactures and sells winding wires and related insulated products for original equipment manufacturers in India. It operates through Enamelled Wires and Strips, Copper Tubes and Pipes, and Other segments. The company offe...
How the Company Makes Money
RAMRAT primarily makes money by manufacturing and selling copper and copper-alloy wire products to industrial customers (typically OEMs and component manufacturers in the electrical and electronics ecosystem). Its core revenue stream is product sa...
Ram Ratna Wires Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.80B | 36.77B | 29.77B | 26.50B | 22.82B | 15.15B |
| Gross Profit | 3.74B | 2.47B | 2.54B | 2.46B | 2.08B | 1.35B |
| EBITDA | 2.00B | 1.74B | 1.32B | 1.16B | 1.16B | 607.22M |
| Net Income | 690.23M | 629.12M | 522.62M | 448.92M | 521.87M | 149.00M |
Balance Sheet | ||||||
| Total Assets | 17.06B | 13.02B | 9.53B | 8.29B | 7.15B | 6.46B |
| Cash, Cash Equivalents and Short-Term Investments | 321.00M | 25.28M | 446.16M | 136.58M | 155.26M | 43.58M |
| Total Debt | 6.28B | 3.05B | 2.49B | 2.67B | 2.70B | 3.61B |
| Total Liabilities | 11.94B | 8.13B | 5.21B | 5.03B | 4.33B | 4.37B |
| Stockholders Equity | 5.07B | 4.83B | 4.10B | 3.12B | 2.71B | 2.00B |
Cash Flow | ||||||
| Free Cash Flow | -2.70B | -638.92M | 227.82M | 393.12M | 1.32B | -396.43M |
| Operating Cash Flow | -1.83B | 1.79B | 1.38B | 647.21M | 1.51B | -256.42M |
| Investing Cash Flow | -885.06M | -2.68B | -55.87M | -204.20M | -190.63M | -136.24M |
| Financing Cash Flow | 2.74B | 30.69M | -1.07B | -454.03M | -1.21B | 422.66M |
Ram Ratna Wires Limited Technical Analysis
Positive
311.70
Price Trends
317.83
Positive
310.75
Positive
323.03
Positive
Market Momentum
10.47
Negative
77.85
Negative
84.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMRAT, the sentiment is Positive. The current price of 311.7 is below the 20-day moving average (MA) of 317.08, below the 50-day MA of 317.83, and below the 200-day MA of 323.03, indicating a bullish trend. The MACD of 10.47 indicates Negative momentum. The RSI at 77.85 is Negative, neither overbought nor oversold. The STOCH value of 84.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAMRAT.
Ram Ratna Wires Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹39.19B | 13.17 | ― | ― | 17.03% | 57.02% | |
76 Outperform | ₹15.25B | 17.06 | ― | ― | 4.42% | 3.82% | |
72 Outperform | ₹28.87B | 23.46 | ― | 0.08% | 21.45% | 5.07% | |
71 Outperform | ₹40.21B | 22.96 | ― | 0.39% | 24.33% | 25.04% | |
64 Neutral | ₹22.60B | 267.77 | ― | 0.24% | 29.40% | 47.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | ₹9.38B | -467.16 | ― | 0.08% | -14.36% | 1135.72% |
* Basic Materials Sector Average
IN:RAMRAT
Ram Ratna Wires Limited
430.80
174.02
67.77%
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
222.35
51.90
30.45%
IN:DECCANCE
Deccan Cements Ltd
669.75
-107.62
-13.84%
IN:HLEGLAS
HLE Glascoat Ltd
325.35
54.38
20.07%
IN:MANINDS
Man Industries (India) Limited
522.50
249.80
91.60%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,393.80
171.98
14.08%
Ram Ratna Wires Limited Corporate Events
Ram Ratna Wires Files SEBI Compliance Certificate for March Quarter
Apr 4, 2026
Ram Ratna Wires Limited has submitted to the stock exchanges a compliance certificate for the quarter ended March 31, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued b...
Ram Ratna Wires to Brief Analysts and Investors in Virtual Kotak Securities Conference
Mar 13, 2026
Ram Ratna Wires Limited has announced that its officials will hold a virtual group meeting with analysts and investors on March 23, 2026, in a conference organised by Kotak Securities Limited. The company has clarified that no unpublished price-se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.