1. India Stocks

  2. •

    Industrials

  3. •

    Electrical Equipment & Parts
Ram Ratna Wires Limited

Ram Ratna Wires Limited

RAMRAT.BO
Ram Ratna Wires LimitedIN flagBombay Stock Exchange
413.90
INR
+9.60
- -
39.45BMarket Cap
Ram Ratna Wires Limited
RAMRAT.BO
(Bombay Stock Exchange)

Recent

price

413.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
56.71
63.67
77.9
79.39
84.91
82.77
88.77
126.19
159.33
162.74
172.14
259.35
299.91
319.43
394.66
- -
554.66
Revenue per Share
1.08
0.58
0.99
0.79
1.12
1.09
2.51
3.09
1.78
1.64
1.69
5.93
5.1
6.02
7.53
- -
11.47
Basic EPS, GAAP
-1.62
-3.02
-0.81
0.91
-0.11
1.12
-1.17
-5.88
-5.07
5.35
-4.5
14.97
4.47
2.45
-1.68
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.53
- -
0.38
0.38
0.38
0.12
0.25
1.25
2.36
1.18
- -
- -
Dividend per Share
1.25
4.26
4.98
5.51
6.14
6.9
9.39
12.1
15.62
16.84
18.45
24.11
29.21
44.96
50.94
- -
5
Book Value per Share
5.06
5.42
6.19
6.76
7.55
9.94
14.24
19.44
21.35
20.85
23.53
31.7
36.63
46.04
49.68
- -
59.99
Tangible Book Value per Share
88
88
88
88
88
88
88
88
88
88
88
88
88
93
93
- -
93
Basic Weighted Avg Shares
4,990
5,603
6,855
6,986
7,472
7,284
7,811
11,105
14,021
14,321
15,148
22,823
26,392
29,761
36,767
51,766
51,766
Sales/Revenue/Turnover
4.11
3
3.62
3.33
3.77
3.78
5.8
5.23
3.66
3.06
3.05
4.04
3.41
3.37
3.65
4.36
4.36
Operating Margin (%)
37
47
50
53
65
76
83
109
164
185
176
177
185
197
221
379
379
Depreciation Expense
95
51
87
69
99
96
220
272
156
144
149
522
449
561
702
1,071
1,071
Net Income, GAAP
34.36
28.42
31.21
35.86
34.85
34.9
34.3
36.04
35.29
12.61
25.66
25.35
27.03
26.83
27.74
29.01
29.01
Effective Tax Rate (%)
1.9
0.91
1.27
0.99
1.32
1.32
2.82
2.45
1.12
1.01
0.98
2.29
1.7
1.88
1.91
2.07
2.07
Profit Margin (%)
23
128
179
206
285
279
443
357
585
691
1,206
1,862
2,036
2,457
1,144
1,621
1,621
Working Capital
152
133
123
120
137
116
293
637
744
741
1,060
1,129
968
1,136
1,910
2,836
2,836
LT Debt
445
477
545
595
665
875
1,253
1,731
1,900
1,854
2,088
2,820
3,258
4,307
4,877
5,849
5,849
Total Equity
16.24
11.28
10.42
8.75
10.66
9.39
12.44
10.6
7.13
7.86
6.6
12.3
11.48
11.52
13.1
15.57
15.57
Return on Invested Capital (%)
25.48
14.91
5.67
8.57
11.59
9.94
14.02
12.53
8.27
8.64
6.73
13.75
12.99
14.35
14.95
21.84
21.84
Return on Capital (%)
86.1
20.98
21.38
15.02
19.25
16.76
30.77
28.75
12.82
10.11
9.59
27.87
19.14
16.6
15.7
41.07
41.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
3,943
- -
3,917
LT Borrowings
2,330
- -
2,653
LT Finance Leases
5
- -
182
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
93
- -
93
Market Capitalization
29,201
28,695
26,963

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
10,539
- -
12,520
Cash, Cash Equivalents & STI
321
- -
195
Accounts Receivable, Net
5,244
- -
6,406
Inventories
4,202
- -
4,861
Total Current Liabilities
9,326
- -
10,899
Payables & Accruals
- -
- -
- -
ST Debt
3,943
- -
3,917
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.72%
23.19%
19.93%
Free Cash Flow
67.02%
175.2%
1,589.05%
Net Income, GAAP
44.45%
67.77%
52.6%
Sales/Revenue/Turnover
22.7%
28.68%
40.79%
Total Cash Common Dividend
- -
111.19%
5.97%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,244
7,571
6,984
7,962
29,761
2025
8,915
9,398
8,887
9,567
36,767
2026
9,825
11,634
12,779
17,529
51,766

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.07
1.56
1.31
- -
6.02
2025
1.78
1.88
1.94
1.93
7.53
2026
1.65
2.28
3.35
4.18
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.36
2025
- -
- -
- -
- -
1.18
2026
- -
- -
- -
- -
- -
Similar Companies
Dalian Insulator Group Co., Ltd (002606.SZ)
Toyo Tanso Co., Ltd. (5310.T)
Apator S.A. (APT.WA)
Aerospace Hi-Tech Holding Group Co., Ltd. (000901.SZ)
Leoni AG (LEO.DE)
Eiwa Corporation (9857.T)
Business
Ram Ratna Wires Limited, founded in 1995 and headquartered in Silvassa, India, manufactures and sells enamelled copper winding wires, enamelled aluminium magnet wires, super enamel copper winding wires, copper strips, copper tubes, copper foils, brass foils, elevator cables, electric immersion heaters, air coolers, electric water heaters, submersible winding wires, and related electrical wiring products. The company serves manufacturing segments including transformers, cables, transmission lines, switchgear, and capacitors, supplying primarily large OEMs with a wide range of electrical and industrial wire products. Ram Ratna operates extensive distribution networks across India, covering over 200 cities, and exports products internationally. Recent major developments include the company's approval for a 1:1 bonus share issue subject to shareholder approval with a record date on December 26, 2025, reflecting strong financial health demonstrated by a 23.8% revenue increase and a 29.9% growth in profit after tax in Q2 FY26. Ram Ratna also gained approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its new manufacturing plant in Bhiwadi, Rajasthan, which became operational in FY25. Strategic expansions include the acquisition of land for new plants, investments to increase manufacturing capacity, and initiatives to enhance product offerings in copper tubes and wires aligned with growth trends in power distribution and electrification in India. The company leverages advanced manufacturing technology and sustainability practices, maintaining high capacity utilization of approximately 85-90% and targeting growth driven by India's transformer market expansion and smart meter installations. Ram Ratna Wires functions as a vertically integrated manufacturer in the electrical equipment industry, focusing on innovation and leveraging regulatory schemes and infrastructure growth to strengthen its market position in India and abroad. Subsidiaries include Global Copper Private Limited and Epavo Electricals Pvt. Ltd., supporting diversification in copper product segments and electrical components. Ram Ratna Wires Limited also holds various certifications including UL and ISO 9001:2000, highlighting its commitment to quality standards. The company continues to invest in expanding capacity with planned capital expenditures totaling approximately 700 crore INR over three years, focused on emerging technologies and product lines to support India’s growing energy and electrical infrastructure needs. The company’s target markets encompass industrial manufacturers, electrical equipment producers, and utility companies both domestically and internationally.