Ram Ratna Wires Limited (RAMRAT)
🎯 Key Takeaways
- Ram Ratna Wires Limited is in a phase of operational expansion and margin improvement following a period of volatility, with recent financial performance showing revenue growth and profitability recovery. The company is transitioning from a turnaround phase toward sustainable growth, supported by capacity enhancements in copper tubes and HVAC segments, though it remains exposed to commodity and export market risks.
- Revenue declined 5.4% QoQ to ₹889 in Q3FY25.
- ⚠️ Dependence on export markets introduces currency and geopolitical exposure.
📖 The Story
Ram Ratna Wires Limited is in a phase of operational expansion and margin improvement following a period of volatility, with recent financial performance showing revenue growth and profitability recovery. The company is transitioning from a turnaround phase toward sustainable growth, supported by capacity enhancements in copper tubes and HVAC segments, though it remains exposed to commodity and export market risks.
📰 What's Happening
In FY25-26, the company reported consolidated revenue of ₹5,177 crores (41% YoY growth) and PAT of ₹109 crores (51% YoY growth), driven by capacity expansion in copper tubes and HVAC segments. The Board recommended a ₹2.50 final dividend (50% payout) for FY25-26, reflecting confidence in cash flows. Management highlighted progress on sustainability initiatives, including a 4 MW solar plant and ESG integration, as part of its long-term value creation strategy. The AGM on August 4, 2026, will also seek shareholder approval for enhanced borrowing limits of ₹1,500 crores to support future investments.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 724 | 724 | 757 | 698 | 803 | 892 | 940 | 889 |
| Operating Profit | 35 | 27 | 37 | 30 | 40 | 39 | 40 | 43 |
| OPM % | 4.4% | 3.4% | 4.2% | 3.7% | 4.6% | 4.0% | 3.8% | 4.4% |
| Net Profit | 16 | 9 | 14 | 12 | 19 | 16 | 17 | 18 |
| EPS | ₹3.42 | ₹2.13 | ₹3.12 | ₹2.62 | ₹4.00 | ₹3.14 | ₹3.82 | ₹3.74 |
Revenue has grown steadily from ₹724 crores in Q4FY23 to ₹889 crores in Q3FY25, with YoY growth accelerating in recent quarters. Profitability has improved, with OPM expanding from 3.7% in Q3FY24 to 4.4% in Q3FY25, and PAT rising from ₹12 crores to ₹18 crores over the same period. This trend aligns with management’s focus on capacity utilization and margin improvement in high-growth segments like copper tubes and HVAC, despite macroeconomic headwinds.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance on revenue or margins in the latest filings, but emphasized sustained growth through capacity utilization and operational excellence in its sustainability and annual reports. The Board’s actions — including dividend payout and increased borrowing limits — signal confidence in cash flow stability and ongoing investment needs. No formal financial targets were disclosed, but strategic focus remains on scaling high-margin segments and ESG-aligned operations.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — Electrical Equipment
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Hitachi Energy India Limited | 1.45 L Cr | 172.4 | — | — | — |
| Bharat Heavy Electricals Limited | 1.39 L Cr | 267.3 | — | — | — |
| ABB India Limited | 1.35 L Cr | 48.8 | — | — | — |
| CG Power and Industrial Solutions Limited | 1.32 L Cr | 136.7 | — | — | — |
| Siemens Limited | 1.28 L Cr | 45.2 | — | — | — |
| GE Vernova T&D India Limited | 1.11 L Cr | 104.1 | — | — | — |
| Siemens Energy India Limited | 1.10 L Cr | 83.9 | — | — | — |
| Waaree Energies Limited | 86,928 | 22.4 | — | — | — |
| Suzlon Energy Limited | 73,843 | 64.1 | — | — | — |
| Thermax Limited | 53,625 | 81.9 | — | — | — |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Dependence on export markets introduces currency and geopolitical exposure. 2. Copper price volatility remains a key raw material risk, potentially impacting margins despite operational improvements. 3. Phased capacity ramp-ups could face execution delays, affecting revenue growth targets. 4. Intensifying competition in electrical equipment segments may pressure pricing and market share.
📋 Recent Filings
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🔴 annual report 11 July 2026Ram Ratna Wires Limited (RAMRAT) released its FY 2025-26 Business Responsibility and Sustainability Report (BRSR) as part of the Annual Report, disclo...
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🔴 annual report 11 July 2026Ram Ratna Wires Limited announced its 34th AGM on August 4, 2026, recommending a ₹2.50 dividend per share (50% payout) for FY2025-26, with record date...
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🟡 Board Meeting 8 July 2026Ram Ratna Wires Limited announced on July 8, 2026, that it submitted a certificate for the quarter ended June 30, 2026, issued by Datamatics Business ...
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🔴 Corporate Action 1 July 2026Ram Ratna Wires announced a final dividend of Rs 2.50 per share, representing 50% of face value, with the record date set for July 22, 2026 to determi...
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Financial Results 25 June 2026Ram Ratna Wires Limited announced that its trading window will close from July 1, 2026, until 48 hours after the unaudited quarterly results for June ...
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🟡 Board Meeting 18 April 2026Ram Ratna Wires clarified that the recent spike in trading volume is market-driven with no pending material information requiring disclosure, reaffirm...
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Announcement 17 April 2026No summary available
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🟡 Board Meeting 8 April 2026Ram Ratna Wires Limited announced a special window for transfer and dematerialisation of physical securities and launched the second 100-Day campaign ...
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🟡 Board Meeting 23 March 2026Ram Ratna Wires presented investor updates on March 23, 2026, highlighting robust consolidated growth: 9M FY26 revenue reached **₹3,423.8 crores** (+2...
🧠 Analyst's Read
Ram Ratna Wires is demonstrating operational resilience and margin recovery amid sectoral growth, but its trajectory hinges on execution of expansion plans and management of commodity risks. Investors should monitor quarterly volume growth, margin trends, and progress on sustainability-linked investments in the coming quarters.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-19.
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