BSE: 522281 | NSE: RAMRAT | Metal - Non Ferrous | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ram Ratna Wires Ltd is a average quality company.
The key valuation ratios of Ram Ratna Wires Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ram Ratna Wires Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.5% | 15.4% | 19.3% | 17% | 11.8% | 9.1% | 8.2% | 17.6% | 17.3% | 19.8% | - |
| Value Creation Index ⓘ | 0.3 | 0.1 | 0.4 | 0.2 | -0.2 | -0.4 | -0.4 | 0.3 | 0.2 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 741 | 719 | 801 | 1,027 | 1,250 | 1,255 | 1,387 | 2,013 | 2,328 | 2,615 | 2,865 |
| Sales YoY Gr. | - | -3% | 11.4% | 28.3% | 21.7% | 0.4% | 10.5% | 45.1% | 15.7% | 12.3% | - |
| Adj EPS ⓘ | 2.1 | 2 | 4.9 | 5.8 | 3.4 | 3 | 3.1 | 10.6 | 9.6 | 10.9 | 12.4 |
| YoY Gr. | - | -1.9% | 139.7% | 18.8% | -40.8% | -12.5% | 2.7% | 242.1% | -8.8% | 13.2% | - |
| BVPS (₹) ⓘ | 15.1 | 16.8 | 28.4 | 37.7 | 41.5 | 40.3 | 44.9 | 60.2 | 69.1 | 91 | 93.4 |
| Adj Net Profit ⓘ | 9.2 | 9 | 21.5 | 25.6 | 15.2 | 13.2 | 13.6 | 46.5 | 42.4 | 48 | 55 |
| Cash Flow from Ops. ⓘ | 22.4 | 24.6 | 20.6 | 1.6 | -3.4 | 64.3 | -37.1 | 152 | 68.4 | 145 | - |
| Debt/CF from Ops. ⓘ | 5 | 4.7 | 7.2 | 136 | -79.7 | 3.7 | -8.3 | 1.3 | 2.8 | 0.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15% | 15.9% | 23.5% | 12.3% | ||||
| Adj EPS ⓘ | 20.2% | 26% | 52.3% | 13.2% | ||||
| BVPSⓘ | 22.1% | 17% | 26.6% | 31.7% | ||||
| Share Price | 36.2% | 74.6% | 100.3% | 119.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.5 | 12.8 | 21.7 | 17.6 | 8.7 | 7.4 | 7.3 | 20.1 | 14.9 | 13.6 | 13.5 |
| Op. Profit Mgn % ⓘ | 4.7 | 4.7 | 6.3 | 6.1 | 4.9 | 4.2 | 3.7 | 4.5 | 4 | 3.9 | 3.6 |
| Net Profit Mgn % ⓘ | 1.2 | 1.3 | 2.7 | 2.5 | 1.2 | 1.1 | 1 | 2.3 | 1.8 | 1.8 | 1.9 |
| Debt to Equity ⓘ | 1.7 | 1.6 | 1.2 | 1.3 | 1.5 | 1.4 | 1.6 | 0.8 | 0.6 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 69 | 70 | 74 | 82 | 86 | 89 | 90 | 74 | 72 | 71 | 33 |
| Cash Conv. Cycle ⓘ | 49 | 55 | 55 | 58 | 63 | 71 | 76 | 52 | 40 | 30 | 11 |
Sales growth is growing at healthy rate in last 3 years 23.54%
Net Profit is growing at healthy rate in last 3 years 52.27%
Debt to equity has declined versus last 3 years average to 0.27
Sales growth is good in last 4 quarters at 15.10%
Return on Equity has declined versus last 3 years average to 13.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 12.4 | 13.6 |
| TTM Sales (₹ Cr.) | 2,865 | 3,333 |
| BVPS (₹.) ⓘ | 93.4 | 96.9 |
| Reserves (₹ Cr.) ⓘ | 389 | 404 |
| P/BV ⓘ | 6.24 | 6.01 |
| PE ⓘ | 46.98 | 42.88 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 244.95 / 758.00 |
| All Time Low / High (₹) | 0.35 / 758.00 |
| Market Cap (₹ Cr.) | 2,563 |
| Equity (₹ Cr.) | 22 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 17.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 741 | 719 | 801 | 1,027 | 1,250 | 1,255 | 1,387 | 2,013 | 2,328 | 2,615 |
| Operating Expenses ⓘ | 706 | 685 | 751 | 964 | 1,189 | 1,203 | 1,335 | 1,923 | 2,236 | 2,515 |
| Manufacturing Costs | 30 | 33 | 37 | 38 | 51 | 55 | 55 | 60 | 76 | 78 |
| Material Costs | 657 | 630 | 685 | 895 | 1,101 | 1,104 | 1,244 | 1,812 | 2,109 | 2,378 |
| Employee Cost | 13 | 16 | 18 | 21 | 26 | 29 | 28 | 31 | 34 | 39 |
| Other Costs ⓘ | 6 | 6 | 10 | 10 | 11 | 15 | 9 | 20 | 17 | 19 |
| Operating Profit ⓘ | 34 | 34 | 50 | 63 | 61 | 53 | 52 | 90 | 92 | 100 |
| Operating Profit Margin (%) | 4.7% | 4.7% | 6.3% | 6.1% | 4.9% | 4.2% | 3.7% | 4.5% | 3.9% | 3.8% |
| Other Income ⓘ | 2 | 2 | 3 | 3 | 3 | 4 | 2 | 12 | 8 | 16 |
| Interest ⓘ | 15 | 14 | 11 | 14 | 25 | 23 | 20 | 21 | 26 | 31 |
| Depreciation ⓘ | 7 | 7 | 8 | 10 | 15 | 17 | 16 | 16 | 16 | 16 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 15 | 14 | 33 | 42 | 24 | 16 | 18 | 65 | 57 | 69 |
| Tax ⓘ | 5 | 5 | 12 | 15 | 8 | 2 | 4 | 16 | 14 | 18 |
| Profit After Tax | 10 | 9 | 22 | 27 | 16 | 14 | 14 | 49 | 43 | 50 |
| PAT Margin (%) | 1.3% | 1.3% | 2.7% | 2.6% | 1.3% | 1.1% | 1.0% | 2.4% | 1.8% | 1.9% |
| Adjusted EPS (₹) | 2.2 | 2.1 | 5.0 | 6.0 | 3.6 | 3.2 | 3.1 | 11.1 | 9.8 | 11.5 |
| Dividend Payout Ratio (%) | 22% | 18% | 13% | 10% | 17% | 8% | 16% | 23% | 26% | 44% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 66 | 74 | 125 | 166 | 183 | 177 | 197 | 265 | 304 | 400 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 22 | 22 |
| Reserves ⓘ | 55 | 63 | 114 | 155 | 172 | 166 | 186 | 254 | 282 | 378 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 109 | 114 | 148 | 209 | 253 | 216 | 287 | 185 | 180 | 91 |
| Long Term Debt | 13 | 12 | 29 | 47 | 52 | 49 | 73 | 82 | 62 | 42 |
| Short Term Debt | 96 | 102 | 119 | 162 | 202 | 167 | 214 | 104 | 118 | 49 |
| Trade Payables | 15 | 5 | 40 | 36 | 45 | 22 | 42 | 127 | 186 | 238 |
| Others Liabilities ⓘ | 20 | 17 | 26 | 49 | 52 | 52 | 50 | 48 | 49 | 51 |
| Total Liabilities ⓘ | 210 | 210 | 338 | 460 | 534 | 467 | 577 | 624 | 719 | 781 |
Fixed Assets | ||||||||||
| Gross Block | 87 | 95 | 80 | 132 | 174 | 190 | 196 | 200 | 205 | 242 |
| Accumulated Depreciation | 41 | 45 | 8 | 18 | 33 | 50 | 66 | 82 | 97 | 110 |
| Net Fixed Assetsⓘ | 46 | 50 | 72 | 114 | 141 | 140 | 130 | 118 | 109 | 132 |
| CWIP ⓘ | 0 | 2 | 1 | 5 | 1 | 0 | 0 | 2 | 0 | 18 |
| Investmentsⓘ | 3 | 3 | 41 | 76 | 57 | 37 | 49 | 77 | 96 | 74 |
| Inventories | 15 | 19 | 40 | 32 | 85 | 79 | 113 | 93 | 143 | 160 |
| Trade Receivables | 116 | 113 | 148 | 196 | 204 | 189 | 260 | 288 | 306 | 261 |
| Cash Equivalents | 4 | 3 | 14 | 4 | 8 | 2 | 2 | 9 | 7 | 24 |
| Others Assetsⓘ | 26 | 19 | 24 | 33 | 37 | 22 | 22 | 37 | 58 | 112 |
| Total Assets ⓘ | 210 | 210 | 338 | 460 | 534 | 467 | 577 | 624 | 719 | 781 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 22 | 25 | 21 | 2 | -3 | 64 | -37 | 152 | 68 | 145 |
| PBT ⓘ | 15 | 14 | 33 | 42 | 24 | 16 | 18 | 65 | 57 | 69 |
| Adjustment ⓘ | 21 | 20 | 21 | 23 | 39 | 43 | 37 | 34 | 40 | 40 |
| Changes in Working Capital ⓘ | -9 | -5 | -20 | -51 | -59 | 9 | -87 | 70 | -14 | 64 |
| Tax Paid ⓘ | -5 | -5 | -13 | -13 | -8 | -5 | -5 | -16 | -15 | -27 |
| Cash Flow From Investing Activity ⓘ | -7 | -11 | -31 | -64 | -15 | -16 | -11 | -11 | -13 | 29 |
| Capex | -7 | -13 | -31 | -53 | -35 | -16 | -8 | -12 | -15 | -63 |
| Net Investments | 0 | 0 | 0 | -3 | 19 | 0 | 0 | -1 | 1 | 104 |
| Others ⓘ | 0 | 2 | 0 | -9 | 0 | 0 | -3 | 1 | 1 | -12 |
| Cash Flow From Financing Activityⓘ | -15 | -14 | 21 | 52 | 22 | -55 | 49 | -135 | -52 | -146 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 16 | 27 | 10 | 6 | 22 | 8 | -19 | -20 |
| Interest Paid ⓘ | -14 | -14 | -11 | -15 | -24 | -22 | -19 | -20 | -25 | -29 |
| Dividend Paid ⓘ | -2 | -5 | 0 | -3 | -3 | -3 | -1 | -2 | -11 | -22 |
| Others ⓘ | 1 | 4 | 16 | 44 | 39 | -35 | 47 | -121 | 4 | -75 |
| Net Cash Flow ⓘ | 0 | -1 | 11 | -10 | 4 | -6 | 1 | 6 | 3 | 29 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.6 | 13.33 | 22.04 | 18.23 | 9.16 | 7.93 | 7.21 | 21.05 | 15.08 | 14.31 |
| ROCE (%) | 17.49 | 15.43 | 19.25 | 17.04 | 11.76 | 9.09 | 8.2 | 17.56 | 17.28 | 19.81 |
| Asset Turnover Ratio | 3.97 | 3.81 | 3.25 | 2.64 | 2.52 | 2.51 | 2.66 | 3.35 | 3.47 | 3.49 |
| PAT to CFO Conversion(x) | 2.2 | 2.78 | 0.95 | 0.07 | -0.19 | 4.57 | -2.64 | 3.1 | 1.58 | 2.9 | Working Capital Days |
| Receivable Days | 53 | 52 | 53 | 60 | 58 | 57 | 59 | 50 | 47 | 39 |
| Inventory Days | 5 | 8 | 12 | 12 | 17 | 24 | 25 | 19 | 18 | 21 |
| Payable Days | 10 | 6 | 12 | 15 | 13 | 11 | 9 | 17 | 27 | 33 |
The company was originally incorporated as Ram Ratna Winding Wires Pvt. Limited on July 21, 1992. Subsequently the company was converted from private limited to public limited and changed its name to Ram Ratna Wires Ltd.
The company is engaged in manufacturing of enamelled copper winding wires. Its products include modified polyester copper wires, polyesterimide wires, polyurethane self solderable wires and dual coated wires.
It all started with the dream of an inspired man determined to realize his vision. A very humble beginning was made. The Group Chairman, Rameshwarlal Kabra, established a small electrical trading shop in the city of Bombay. His simple strategy was to work hard, establish, consolidate and then move into manufacturing. Growth was slow and steady. Four decades and seven companies later, today the Group is among the market leaders in this segment.
What began with an unwavering trust in one's own abilities has now extended into a total philosophy of trust, apparent on both sides of the table in any business transaction of the Group. Ram Ratna Group is not only a leading business house but also an entity which has been deeply conscious of its social responsibilities as well. It truly believes that each citizen is obliged to contribute towards the wellbeing and welfare of the society in which he lives and thrives. Fuelled by a relentless pursuit of innovation, the consolidation of trust and goodwill earned through performance and business ethics and absolute transparency in its operations, today, apart from empowering India's domestic progress, the products manufactured by the Ram Ratna Group companies have a presence in over 73 countries around the world, where Ram Ratna operates in the spirit of a 'local multinational'.
Product range of the company includes:
Achievements/ recognition:
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