Ram Ratna Wires Ltd

Ram Ratna Wires Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ram Ratna Wires Ltd

₹ 544 3.20%
15 Jan 4:01 p.m.
rrshramik.com BSE: 522281 NSE: RAMRAT
About

Ram Ratna Wires Limited is engaged in the manufacturing of winding wires, mainly enamelled copper wires. [1]

Key Points

Market Position
The company is the 2nd largest manufacturer of Winding Wire in South Asia. It is the only manufacturer of enameled copper wires in India, that offers the widest range from the thinnest wire of 18 microns (0.018mm) to 4.876 mm with intermediate sizes. [1]

Website BSE NSE
  • Market Cap ₹ 2,396 Cr.
  • Current Price ₹ 544
  • High / Low ₹ 758 / 245
  • Stock P/E 43.9
  • Book Value ₹ 93.4
  • Dividend Yield 0.46 %
  • ROCE 18.6 %
  • ROE 13.4 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 24.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.6%
  • Debtor days have improved from 45.5 to 36.4 days.
  • Company's working capital requirements have reduced from 41.5 days to 31.1 days

Cons

  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals

Part of BSE Industrials BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
521 515 564 604 554 528 642 645 675 620 675 758 813
497 488 537 582 535 504 616 623 648 597 648 736 782
Operating Profit 23 27 27 22 19 24 26 22 28 23 27 22 31
OPM % 4% 5% 5% 4% 4% 5% 4% 3% 4% 4% 4% 3% 4%
2 2 2 1 1 1 4 3 6 4 3 4 4
Interest 5 5 5 6 6 7 7 7 8 7 8 8 8
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 16 20 20 13 11 15 18 13 22 15 18 14 22
Tax % 26% 27% 23% 26% 25% 25% 24% 26% 39% 24% 15% 28% 22%
12 15 16 10 8 11 14 10 13 12 16 10 17
EPS in Rs 2.69 3.32 3.55 2.22 1.90 2.48 3.14 2.23 3.01 2.66 3.55 2.28 3.91
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
685 699 741 719 801 1,027 1,250 1,255 1,387 2,013 2,328 2,615 2,865
656 670 706 685 750 964 1,189 1,203 1,335 1,918 2,236 2,515 2,762
Operating Profit 30 28 35 34 51 63 61 53 52 95 92 100 103
OPM % 4% 4% 5% 5% 6% 6% 5% 4% 4% 5% 4% 4% 4%
1 1 2 2 2 3 4 4 2 7 8 16 14
Interest 13 13 15 14 11 14 25 23 20 21 26 31 31
Depreciation 5 5 7 7 8 10 15 17 16 16 16 16 17
Profit before tax 13 11 15 14 33 42 24 16 18 65 57 69 70
Tax % 31% 36% 35% 35% 34% 36% 35% 13% 24% 25% 25% 27%
9 7 10 9 22 27 16 14 14 49 43 50 55
EPS in Rs 1.98 1.58 2.23 2.12 4.98 6.02 3.63 3.24 3.07 11.06 9.75 11.45 12.40
Dividend Payout % 19% 24% 22% 18% 13% 10% 17% 8% 16% 23% 26% 44%
Compounded Sales Growth
10 Years: 14%
5 Years: 16%
3 Years: 24%
TTM: 15%
Compounded Profit Growth
10 Years: 21%
5 Years: 24%
3 Years: 52%
TTM: 14%
Stock Price CAGR
10 Years: 36%
5 Years: 68%
3 Years: 82%
1 Year: 75%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 22 22 22
Reserves 43 48 55 63 114 155 172 166 186 254 282 379 389
120 111 112 116 148 218 268 239 309 204 192 122 105
40 36 32 20 66 76 83 50 70 155 223 258 314
Total Liabilities 215 207 210 210 338 460 534 467 577 624 719 781 831
46 46 46 50 72 114 141 140 130 118 109 132 132
CWIP 0 -0 -0 2 0 5 1 0 -0 2 0 18 69
Investments 2 3 3 3 41 76 57 37 49 77 96 74 42
166 158 161 155 225 265 335 291 397 427 514 556 588
Total Assets 215 207 210 210 338 460 534 467 577 624 719 781 831

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 13 22 25 21 2 -3 64 -37 152 68 145
-5 -5 -7 -11 -31 -64 -15 -16 -11 -11 -13 29
9 -10 -15 -14 21 52 22 -55 49 -135 -52 -146
Net Cash Flow 1 -1 0 -0 11 -10 4 -6 1 6 3 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 64 57 58 67 70 60 55 68 52 48 36
Inventory Days 13 5 8 11 21 13 28 26 33 19 25 24
Days Payable 14 13 8 3 21 14 15 7 12 25 32 37
Cash Conversion Cycle 64 57 57 66 67 68 73 73 89 46 41 24
Working Capital Days 64 59 59 65 68 66 70 64 87 49 44 31
ROCE % 15% 14% 17% 15% 19% 17% 12% 9% 8% 18% 17% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.00% 73.00% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04%
0.00% 0.00% 0.00% 0.42% 0.59% 0.57% 0.57% 0.15% 0.07% 0.03% 0.20% 0.48%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
27.00% 27.00% 26.96% 26.53% 26.35% 26.38% 26.40% 26.80% 26.89% 26.92% 26.75% 26.48%
No. of Shareholders 6,5316,8046,80017,53617,90717,28115,66118,92318,34616,57918,40119,140

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Oct 2024
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  • Nov 2022
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