Ram Ratna Wires Limited (RAMRAT) AI Stock Analysis

• Market Cap: ₹28.15B
• Dividend Yield: 0.39%
• Average Volume (3M): 2.75K
• Price to Earnings (P/E): 23.0
• Beta (1Y): 1.12
• Revenue Growth: 19.75%
• EPS Growth: 13.42%
• Country: IN
• Employees: 851
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Electrical Equipment & Parts
• EPS (TTM): 3.35
• Shares Outstanding: 93,349,075
• 10 Day Avg. Volume: 1,814
• 30 Day Avg. Volume: 2,754
• PEG Ratio: 1.55
• Price to Book (P/B): 5.07
• Price to Sales (P/S): 0.67
• P/FCF Ratio: -38.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹309.00 ▼(-0.87% Downside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

The score is driven primarily by solid financial performance (growth and profitability improvements), tempered by negative free cash flow and remaining debt risk. Technicals are generally supportive due to the price holding above key moving averages, but weaker MACD reduces confidence. Valuation is a notable headwind given the higher P/E and low dividend yield.

Positive Factors

Strong revenue growth

Ram Ratna’s sustained revenue growth demonstrates durable demand for its copper wire products and expanding commercial traction. Consistent top-line expansion supports scale economies, strengthens customer relationships, and provides a structural base for reinvestment and margin recovery over the coming 2–6 months.

Negative Factors

Negative and volatile free cash flow

Persistent negative and volatile free cash flow from heavy capex undermines the company’s ability to fund growth, service debt, or return cash to shareholders without external financing. Continued capex-driven FCF pressure elevates refinancing and liquidity risks over the next several months.

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...

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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

Ram Ratna Wires Limited primarily makes money by manufacturing and selling copper and copper-alloy wire products to business customers. Revenue is generated from (1) sales volume of finished/semi-finished wire products delivered under customer ord...

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Ram Ratna Wires Limited primarily makes money by manufacturing and selling copper and copper-alloy wire products to business customers. Revenue is generated from (1) sales volume of finished/semi-finished wire products delivered under customer ord...

Ram Ratna Wires Limited Financial Statement Overview

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

• Technical Analysis Sentiment: Negative
• Last Price: 311.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMRAT, the sentiment is Negative. The current price of 311.7 is below the 20-day moving average (MA) of 314.06, above the 50-day MA of 309.90, and below the 200-day MA of 323.12, indicating a bearish trend. The MACD of -4.99 indicates Positive momentum. The RSI at 45.21 is Neutral, neither overbought nor oversold. The STOCH value of 46.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMRAT.

Ram Ratna Wires Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANINDS	78 Outperform	₹26.83B	13.17	―	―	10.26%	46.49%
BHARATWIRE	76 Outperform	₹11.06B	17.06	―	―	8.45%	-14.27%
RAMRAT	64 Neutral	₹28.15B	22.96	―	0.39%	19.75%	13.42%
HLEGLAS	64 Neutral	₹19.01B	267.77	―	0.24%	18.87%	99.04%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VENUSPIPES	61 Neutral	₹21.12B	23.46	―	0.08%	17.45%	-7.82%
DECCANCE	48 Neutral	₹8.61B	-467.16	―	0.08%	-28.32%	93.44%

Ram Ratna Wires Limited Corporate Events