RAMRAT
Ram Ratna Wires share price & financials
- Price
- ₹407.15
- Market cap
- ₹5.0k Cr
- Sector
- Capital Goods
What Ram Ratna Wires Limited does
Ram Ratna Wires manufactures enamelled copper and aluminium winding wires and strips used inside motors, transformers, generators and switchgear, and copper tubes & pipes used in air conditioners, HVAC and plumbing systems. It also makes submersible winding wires, paper-covered and enamelled copper strips, and Litz wires for niche uses such as induction heating and EV wireless chargers. The company earns by selling these wire and tube products through a PAN-India distribution network directly to large OEMs and via export markets, and has diversified into BLDC motors and wind-turbine tower components through a joint venture and a majority-owned subsidiary.
Segments
- Enamelled Wires & Strips
- Copper Tubes & Pipes
- Others
- Manufacturing plants
- 5 (3 in Silvassa/Dadra & Nagar Haveli, 1 in Vadodara/Baroda Gujarat, 1 in Bhiwadi Rajasthan)
- Enamelled wire size range offered
- 0.016 mm to 5.000 mm (widest range in India; only manufacturer offering it)
- Bhiwadi copper tube plant installed capacity
- 24,000 MTPA
- Global Copper (merged) capacity
- Over 7,200 MTPA
- Distribution network reach
- 200+ cities across India
- Share of output supplied to large OEMs
- 70-75% of products
Quarterly results
Q1 FY27: revenue up 88.7%, net profit up 118.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 940 | 889 | 957 | 982 | 1,163 +24% | 1,278 +44% | 1,753 +83% | 1,853 +89% |
| EBITDA | 36 | 38 | 45 | 43 | 54 +50% | 71 +87% | 92 +104% | 88 +105% |
| Net profit | 17 | 18 | 19 | 16 | 22 +29% | 32 +78% | 39 +105% | 35 +119% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −29.9% 1Y
1Y: ₹759.1 on 10 Sept 2025 → ₹532.4. High ₹759.1 (10 Sept 2025), low ₹278.25 (20 Jan 2026).
Financials, as filed
Revenue grew 25.0% a year over 3 years, FY23 to FY26. Operating margin widened to 5.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.6k Cr | ₹3.0k Cr | ₹3.7k Cr | ₹5.2k Cr |
| Operating profit | ₹108 Cr | ₹120 Cr | ₹155 Cr | ₹260 Cr |
| Operating margin | 4.1% | 4.0% | 4.2% | 5.0% |
| Interest | ₹32 Cr | ₹40 Cr | ₹55 Cr | ₹84 Cr |
| Depreciation | ₹19 Cr | ₹20 Cr | ₹21 Cr | ₹38 Cr |
| Net profit | ₹47 Cr | ₹54 Cr | ₹70 Cr | ₹109 Cr |
| Net margin | 1.8% | 1.8% | 1.9% | 2.1% |
| Cash from operations | ₹65 Cr | ₹138 Cr | ₹227 Cr | ₹-93 Cr |
| Free cash flow | ₹40 Cr | ₹32 Cr | ₹-10 Cr | ₹-264 Cr |
| ROCE | 17.0% | 17.0% | 20.0% | 24.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹22 Cr | ₹22 Cr | ₹23 Cr | ₹47 Cr |
| Reserves | ₹189 Cr | ₹260 Cr | ₹290 Cr | ₹404 Cr | ₹484 Cr | ₹533 Cr |
| Borrowings | ₹361 Cr | ₹270 Cr | ₹267 Cr | ₹249 Cr | ₹627 Cr | ₹675 Cr |
| Other liabilities | ₹85 Cr | ₹174 Cr | ₹251 Cr | ₹277 Cr | ₹571 Cr | ₹739 Cr |
| Total liabilities | ₹646 Cr | ₹715 Cr | ₹829 Cr | ₹952 Cr | ₹1.7k Cr | ₹2.0k Cr |
| Fixed assets | ₹158 Cr | ₹151 Cr | ₹147 Cr | ₹214 Cr | ₹431 Cr | ₹639 Cr |
| Capital work in progress | ₹3 Cr | ₹7 Cr | ₹4 Cr | ₹29 Cr | ₹131 Cr | ₹34 Cr |
| Investments | ₹37 Cr | ₹66 Cr | ₹80 Cr | ₹43 Cr | ₹18 Cr | ₹16 Cr |
| Other assets | ₹447 Cr | ₹492 Cr | ₹599 Cr | ₹666 Cr | ₹1.1k Cr | ₹1.3k Cr |
| Total assets | ₹646 Cr | ₹715 Cr | ₹829 Cr | ₹952 Cr | ₹1.7k Cr | ₹2.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −3.68 pp while the public added +3.11 pp. The shareholder count grew 32% to 24,296.
- Promoters
- 69.3%
- FIIs
- 0.5%
- DIIs
- 0.6%
- Public
- 29.6%
Since Jun 2025
- Promoters −3.68 pp
- Public +3.11 pp
- FIIs +0.30 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.0% to 69.3% — −3.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.0%, FIIs 0.1%, Public 26.8%.Dec '23: Promoters 73.0%, FIIs 0.1%, DIIs 0.0%, Public 26.9%.Mar '24: Promoters 73.0%, FIIs 0.0%, Public 26.9%.Jun '24: Promoters 73.0%, FIIs 0.2%, Public 26.8%.Sep '24: Promoters 73.0%, FIIs 0.5%, Public 26.5%.Dec '24: Promoters 73.0%, FIIs 0.3%, Public 26.7%.Mar '25: Promoters 73.0%, FIIs 0.2%, DIIs 0.2%, Public 26.6%.Jun '25: Promoters 73.0%, FIIs 0.2%, DIIs 0.3%, Public 26.5%.Sep '25: Promoters 68.8%, FIIs 0.1%, DIIs 0.3%, Public 30.7%.Dec '25: Promoters 69.3%, FIIs 0.1%, DIIs 0.4%, Public 30.2%.Mar '26: Promoters 69.3%, FIIs 0.2%, DIIs 0.4%, Public 30.1%.Jun '26: Promoters 69.3%, FIIs 0.5%, DIIs 0.6%, Public 29.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HEMLATA HOME SOLUTIONS LLP (Formerly HEMLATA HOME SOLUTIONS PRIVATE LIMITED) newly disclosed 14.57% held
- Satyanarayan Loya Huf newly disclosed 0.03% held
- Paran Samrudhi Llp newly disclosed 0.00% held
- Cubesk Edutech Private Limited newly disclosed 0.00% held
- Tejshakti Agritek Llp newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ram Ratna Wires Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| HEMLATA HOME SOLUTIONS LLP (Formerly HEMLATA HOME SOLUTIONS PRIVATE LIMITED) | 14.57% | newly disclosed |
| R R Kabel Limited | 6.05% | unchanged |
| Mahhesh Kabra | 6.03% | unchanged |
| Tmg Global Fzco | 6.00% | unchanged |
| Mahendrakumar Rameshwarlal Kabra | 5.64% | unchanged |
| Hemant Mahendrakumar Kabra | 5.64% | unchanged |
| Vvidhi Mahhesh Kabra | 4.92% | unchanged |
| Tribhuvanprasad Rameshwarlal Kabra | 4.39% | unchanged |
| Hemlata Home Solutions Private Limited (Converted To Hemlata Home Solutions Llp) | 3.16% | −14.57 pp |
| Esses Family Private Trust [Mahendrakumar Kabra, Sumeet Kabra and Purnima Ankit Jajoo, Trustees] | 2.82% | unchanged |
| Hitesh Vaghela | 2.48% | unchanged |
| Mew Electricals Limited | 1.71% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹532, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~32%. At that growth it is worth ₹728 — upside of 37%.
- Growth the price implies
- 26.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 32.4% a year
- net profit, FY23–FY26
- The gap
- -0.1 pp
- 37% downside if it only repeats history
Learn to analyse Ram Ratna Wires Limited
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