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RAMRAT - Ram Ratna Wires

📊 NSE: RAMRAT 🏢 Mining / Minerals / Metals 📅 Last Updated: 12/14/2025 11:35

📢 Recent Corporate Announcements

Ram Ratna Wires Receives ₹10.22 Crore Income Tax Demand for AY 2024-25

🔴 NEGATIVE ⭐ 6/10

REGULATORY 📅 14 Mar 2026, 11:11 AM

Ram Ratna Wires Limited has received an assessment order from the Income Tax Department for the Assessment Year 2024-25. The order raises a total tax demand of ₹10.22 Crores, which includes an interest component of ₹1.94 Crores. The company has identified computational and clerical errors in the order and plans to file for rectification. Additionally, the management intends to appeal against the additions made to the assessed income and does not expect a material impact on operations at this stage.

Income Tax Department raised a demand of ₹10.22 Crores for AY 2024-25.
The total demand includes an interest component of ₹1.94 Crores.
The order was issued under Section 143(3) of the Income Tax Act, 1961.
Company plans to file for rectification of clerical errors and appeal the assessed additions.
Management claims no immediate material impact on financials or operations.

💡 Investors should monitor the progress of the company's appeal and rectification filing to see if the demand is reduced. While the company is contesting the order, the ₹10.22 Crore demand should be tracked as a potential liability against future earnings.

Ram Ratna Wires Schedules Investor Meeting for March 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Mar 2026, 04:43 PM

Ram Ratna Wires Limited has announced a virtual group meeting with analysts and investors scheduled for March 23, 2026. The interaction is being organized by Kotak Securities Limited to facilitate communication between the company management and the investment community. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session. This is a routine disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Virtual group meeting scheduled for Monday, March 23, 2026
Meeting organized by Kotak Securities Limited for institutional investors
Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Company confirmed that no unpublished price sensitive information will be disclosed

💡 Investors should monitor the stock exchange filings for any investor presentations or transcripts released after the meeting for insights into the company's business outlook.

Ram Ratna Wires Receives ₹2.12 Cr Income Tax Demand for Merged Entity Global Copper

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 10 Mar 2026, 07:44 PM

Ram Ratna Wires Limited has received assessment orders from the Income Tax Department for the assessment years 2021-22, 2022-23, and 2024-25. The total tax demand raised amounts to ₹2.12 crores, which includes an interest component of ₹0.56 crores. This demand pertains to Global Copper Private Limited, a company that merged into Ram Ratna Wires effective April 1, 2024. The company intends to file for rectification of clerical errors and appeal against the additions, stating that no material impact is expected on its operations.

Total tax demand of ₹2.12 crores raised including ₹0.56 crores interest component.
Orders pertain to Assessment Years 2021-22, 2022-23, and 2024-25 for the merged entity Global Copper Pvt Ltd.
Company plans to file for rectification of clerical errors and appeal against the assessment additions.
Management does not envisage any material impact on financials or operations from this order.

💡 The tax demand is relatively small compared to the company's scale and is being contested; investors should treat this as a routine regulatory update with no immediate cause for concern.

Ram Ratna Wires Receives ₹2.12 Crore Income Tax Demand for Merged Subsidiary

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 10 Mar 2026, 07:32 PM

Ram Ratna Wires Limited has received assessment orders from the Income Tax Department regarding Global Copper Private Limited, which merged into the company in April 2024. The total demand raised amounts to ₹2.12 crores, which includes an interest component of ₹0.56 crores for the assessment years 2021-22, 2022-23, and 2024-25. The company plans to file rectifications for clerical errors and appeal against the additions made to the assessed income. Management currently believes this demand will not have a material impact on the company's financial or operational performance.

Income Tax Department raised a total demand of ₹2.12 crores against the merged entity Global Copper Private Limited.
The demand includes ₹0.56 crores in interest for Assessment Years 2021-22, 2022-23, and 2024-25.
Orders were issued under sections 147 and 143(3) of the Income Tax Act, 1961.
The company intends to file appeals and rectifications for computational and clerical errors.
Management states there is no expected material impact on financials or operations.

💡 Investors should monitor the progress of the tax appeals, though the financial liability is currently non-material relative to the company's scale. No immediate action is required as the company is contesting the order.

Ram Ratna Wires to Meet Analysts from Antique Stock Broking and Others on March 13

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 12:51 PM

Ram Ratna Wires Limited has scheduled multiple one-on-one meetings with institutional investors and analysts on March 13, 2026. The company will engage in physical meetings with Antique Stock Broking and Dhunseri Investments, alongside a virtual session with Ventura Securities. These interactions are part of the company's standard investor relations engagement to discuss general business updates. The management has confirmed that no unpublished price-sensitive information (UPSI) will be shared during these meetings.

Meetings scheduled for Friday, March 13, 2026, with three different investment entities.
Participants include Antique Stock Broking, Dhunseri Investments, and Ventura Securities.
Interaction formats include both in-person (physical) one-on-one and virtual meetings.
Disclosure submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 This is a routine investor relations update; no immediate action is necessary. Investors should look for any subsequent investor presentations or transcripts that may be uploaded to the exchanges following these meetings.

Ram Ratna Wires to Meet Farley Capital on February 21, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Feb 2026, 12:00 PM

Ram Ratna Wires Limited has announced a one-on-one in-person meeting with Farley Capital scheduled for February 21, 2026. This disclosure is a routine filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared during this interaction. Such meetings are typical for maintaining institutional investor relations and providing general business updates.

One-on-one in-person meeting scheduled with Farley Capital.
Meeting date set for Saturday, February 21, 2026.
Compliance filing under SEBI Regulation 30 and Schedule III.
Company confirmed that no Unpublished Price Sensitive Information (UPSI) will be disclosed.

💡 No immediate action is required as this is a routine investor engagement. Investors may look for any subsequent corporate presentations or meeting transcripts if the company chooses to publish them.

Ram Ratna Wires Schedules Meetings with Analysts and Investors on Feb 14

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 07:11 PM

Ram Ratna Wires Limited has scheduled one-on-one interactions with three investment entities on February 14, 2026. The company will meet with Emerge Capital and EverFlow Partners via virtual platforms, while the meeting with InVed will be conducted in person. These interactions are part of the company's regular investor relations program to discuss publicly available information. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these sessions.

Meetings scheduled for February 14, 2026, with three distinct investment firms.
Participating entities include Emerge Capital, InVed, and EverFlow Partners.
Interaction formats consist of two virtual one-on-one sessions and one physical meeting.
Company confirms that no Unpublished Price Sensitive Information (UPSI) will be disclosed.

💡 Investors should monitor the stock exchange for any subsequent investor presentations or transcripts that may provide insights into management's outlook. No immediate trading action is required based on this routine schedule announcement.

Ram Ratna Wires Reports Strong Q3 FY26 with 72.5% PAT Growth and 43.8% Revenue Surge

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 06:38 PM

Ram Ratna Wires Limited (RAMRAT) delivered a robust financial performance for Q3 FY26, with consolidated revenue rising 43.8% YoY to ₹1,277.9 crore. Operating EBITDA surged 84.9% YoY to ₹72.0 crore, driven by improved margins which expanded from 4.4% to 5.6%. The company's strategic shift towards high-margin Copper Tubes & Pipes is evident, with the segment's revenue share increasing to 27% from 17% a year ago. Despite a ₹3.6 crore exceptional item for labor code adjustments, PAT grew 72.5% YoY to ₹31.6 crore.

Q3 FY26 Revenue from operations stood at ₹1,277.9 crore, up 43.8% YoY and 9.8% QoQ.
Operating EBITDA for Q3 FY26 grew 84.9% YoY to ₹72.0 crore, with EBITDA margins improving to 5.6%.
Copper Tubes & Pipes segment revenue share jumped to 27% in Q3 FY26, up from 17% in Q3 FY25.
Bhiwadi facility scaled to 24,000 MTPA; total copper tube capacity targeted at 36,000 MTPA by FY26.
9M FY26 PAT reached ₹69.4 crore, a 34.6% increase compared to ₹51.5 crore in 9M FY25.

💡 Investors should monitor the successful ramp-up of the Bhiwadi facility and the company's ability to sustain higher margins as the product mix shifts toward copper tubes. The strong growth in the HVAC and OEM segments provides a positive outlook for long-term value creation.

Ram Ratna Wires Q3 FY26 PAT Surges 72.5% YoY to ₹31.6 Cr; Revenue Up 43.8%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 06:34 PM

Ram Ratna Wires reported a robust performance for Q3 FY26, with consolidated revenue growing 43.8% YoY to ₹1,277.9 Cr. Profit After Tax (PAT) saw a significant jump of 72.5% YoY to ₹31.6 Cr, driven by higher demand in the copper tubes segment. Operating EBITDA margins improved to 5.6% from 4.4% in the previous year, reflecting better operational efficiency. The copper tubes segment now contributes 27% to the total revenue, up from 17% last year, signaling a successful shift towards high-margin products.

Q3 FY26 Revenue grew 43.8% YoY to ₹1,277.9 Cr compared to ₹888.7 Cr in Q3 FY25.
Operating EBITDA surged 84.9% YoY to ₹72.0 Cr, with margins expanding to 5.6% from 4.4%.
PAT for the quarter increased 72.5% YoY to ₹31.6 Cr from ₹18.3 Cr.
Copper tubes revenue contribution rose significantly to 27% from 17% YoY, driven by HVAC industry demand.
9M FY26 Revenue and PAT grew by 25.9% and 34.6% respectively compared to the same period last year.

💡 Investors should view this as a strong growth signal, particularly given the margin expansion and the increasing contribution of the high-growth copper tube segment. Monitor the progress of Inner Grooved Tube (IGT) manufacturing as a future growth catalyst.

Ram Ratna Wires Authorizes KMPs for Materiality Disclosures Effective April 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Feb 2026, 06:19 PM

Ram Ratna Wires Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events and information for stock exchange disclosures. This change is pursuant to Regulation 30(5) of SEBI (LODR) Regulations and will take effect from April 01, 2026. The authorized personnel include the Managing Director, Joint Managing Director, AGM-Company Secretary, and the CFO. This is a procedural update to ensure compliance with corporate governance norms and does not impact the company's financial operations.

Authorization of 4 Key Managerial Personnel for materiality determination and disclosure purposes.
The new authorizations are scheduled to become effective from April 01, 2026.
Authorized KMPs include the Managing Director, Joint Managing Director, CFO, and Company Secretary.
The update is in compliance with Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 No action is required from investors as this is a routine administrative update regarding corporate governance and disclosure protocols.

Ram Ratna Wires Appoints Iqbal Singh Saggu as CFO Effective April 1, 2026

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 06 Feb 2026, 06:17 PM

Ram Ratna Wires Limited has announced a leadership transition in its finance department effective April 01, 2026. Mr. Iqbal Singh Saggu, a Chartered Accountant with over 23 years of experience in treasury and M&A, will take over as the new Chief Financial Officer. The outgoing CFO, Mr. Rajeev Maheshwari, who has been with the company for 14 years, will transition to the role of Senior Vice President (Accounts & Taxation). This planned succession ensures continuity as both individuals will remain within the senior management team.

Mr. Iqbal Singh Saggu appointed as CFO and Senior VP (Finance) effective April 1, 2026
Outgoing CFO Mr. Rajeev Maheshwari to move to Senior VP (Accounts & Taxation) role
New CFO brings over 23 years of experience in treasury, M&A, and plant finance operations
The transition follows a board meeting held on February 06, 2026, based on NRC recommendations

💡 Investors should view this as a routine leadership transition aimed at leveraging specialized expertise. No immediate action is required as the outgoing CFO remains with the company to ensure a smooth handover.

Ram Ratna Wires Appoints Iqbal Singh Saggu as CFO; Rajeev Maheshwari Transitions to Senior VP

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 06 Feb 2026, 06:15 PM

Ram Ratna Wires has announced a strategic leadership transition effective April 1, 2026. The current CFO, Shri Rajeev Maheshwari, who has been with the company for 14 years, will transition to the role of Senior Vice President (Accounts & Taxation). He will be succeeded by Shri Iqbal Singh Saggu, a Chartered Accountant with over 23 years of experience in treasury, M&A, and fundraising. This planned transition ensures continuity while bringing in new expertise for potential capital structuring and growth initiatives.

Shri Iqbal Singh Saggu appointed as CFO and KMP effective April 1, 2026, bringing 23+ years of experience.
Current CFO Shri Rajeev Maheshwari transitions to Senior VP (Accounts & Taxation) after 14 years of service.
New CFO has specialized expertise in Mergers & Acquisitions (M&A) and fundraising activities.
The transition is scheduled for the start of the 2026-27 financial year to ensure a smooth handover.

💡 Investors should view this as a routine and planned management transition. Monitor if the new CFO's background in M&A and fundraising leads to any new strategic growth or capital expansion plans in the future.

Ram Ratna Wires Q3 PAT Jumps 75.6% YoY to ₹32.1 Cr; Revenue Up 42%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 05:56 PM

Ram Ratna Wires Limited reported a robust performance for the quarter ended December 31, 2025, with revenue from operations growing 42% YoY to ₹1,249.6 crore. Net profit surged by 75.6% YoY to ₹32.1 crore, driven by exceptional growth in the copper tubes and pipes segment. The company also announced a transition in its finance leadership, with Iqbal Singh Saggu appointed as the new CFO effective April 1, 2026. Despite a one-time exceptional charge of ₹3.33 crore for labor code impacts, the overall profitability remained strong.

Revenue from operations grew 42% YoY to ₹1,249.6 crore in Q3 FY26.
Net Profit (PAT) increased by 75.6% YoY to ₹32.1 crore compared to ₹18.3 crore in Q3 FY25.
Copper tubes and pipes segment revenue more than doubled, reaching ₹361.2 crore from ₹150.4 crore YoY.
Earnings Per Share (EPS) improved significantly to ₹3.45 from ₹1.96 in the year-ago period.
Iqbal Singh Saggu appointed as CFO effective April 2026, replacing Rajeev Maheshwari who moves to a Senior VP role.

💡 The company is showing strong growth momentum, particularly in the copper tubes segment which is diversifying its revenue base. Investors should view this performance positively while keeping an eye on the smooth transition of the new CFO in April.

Ram Ratna Wires Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 03:10 PM

Ram Ratna Wires Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Datamatics Business Solutions Limited, covers the quarter ended December 31, 2025. This document confirms that the share certificates received for dematerialization were processed and the names of the depositories were substituted in the register of members. Such filings are standard procedural requirements for all listed companies in India to ensure the integrity of the shareholding system.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA), Datamatics Business Solutions Limited.
Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Standard administrative filing with no impact on company financials or operations.

💡 No action is required from investors as this is a routine regulatory filing confirming the processing of share dematerialization requests.

Ram Ratna Wires Allots 4.66 Crore Bonus Equity Shares in 1:1 Ratio

🟡 NEUTRAL ⭐ 7/10

ROUTINE 📅 29 Dec 2025, 11:18 AM

Ram Ratna Wires Limited has completed the allotment of 4,66,74,536 bonus equity shares following its board meeting on December 29, 2025. The bonus issue was executed in a 1:1 ratio for shareholders who held shares on the record date of December 26, 2025. This move has doubled the company's paid-up equity capital to ₹46.67 crore, represented by 9.33 crore shares. The new shares will rank equally with existing shares and are expected to enhance the stock's liquidity in the secondary market.

Allotted 4,66,74,536 bonus equity shares of ₹5 face value each.
Bonus ratio of 1:1 implemented for shareholders as of the Dec 26, 2025 record date.
Post-allotment paid-up capital increased to ₹46,67,45,360 from ₹23,33,72,680.
Total number of equity shares increased to 9,33,49,072.
New shares rank pari-passu with existing shares for all future corporate benefits.

💡 Investors should note the increase in share count and the corresponding price adjustment in their portfolios. No further action is required as the allotment process is now complete.

View All RAMRAT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 23.24% to INR 3,677 Cr in FY25. Standalone revenue (primarily winding wires and copper tubes) grew 22.42% to INR 3,623 Cr. H1 FY26 consolidated revenue grew 33.1% YoY to INR 2,045.1 Cr.

Profitability Margins

Standalone Operating Profit Margin was 4.13% and Net Profit Margin was 1.98% in FY25. Consolidated PAT margin remained stable at 1.9% in FY25 and H1 FY26.

EBITDA Margin

Consolidated EBITDA margin improved from 4.0% to 4.3% in FY25. H1 FY26 EBITDA margin was 4.4%, up from 4.4% in the previous period, with absolute EBITDA growing 31.0% to INR 89.3 Cr.

Capital Expenditure

Historical CapEx for FY25 was approximately INR 268.0 Cr, primarily driven by the substantial investment in the new manufacturing facility at Bhiwadi, Rajasthan.

Credit Rating & Borrowing

The company maintains a CARE A-; Stable rating. Total consolidated borrowings as of March 31, 2025, were INR 296.2 Cr (INR 191.0 Cr non-current and INR 105.2 Cr current).

⚙️ Operational Drivers

Raw Materials

Copper cathode and copper scrap represent the primary raw material costs, as the company operates as a converter in the winding wires and copper tubes segments.

Capacity Expansion

The company is expanding capacity through a new manufacturing facility at Bhiwadi, Rajasthan, to leverage growing demand in electrification and smart infrastructure.

Raw Material Costs

Raw material costs are a significant portion of revenue given the low value-addition converter model; fluctuating copper prices directly impact production costs and pricing viability.

Manufacturing Efficiency

Inventory turnover ratio improved from 14.80 to 16.19 in FY25, indicating enhanced operational efficiency.

📈 Strategic Growth

Expected Growth Rate

25%

Growth Strategy

Growth will be achieved through the operationalization of the new Bhiwadi facility, the acquisition of a 64% stake in Tefabo Products Private Limited to enter the renewable energy fabrication segment, and leveraging India's electrification and smart infrastructure trends.

Products & Services

Winding wires, copper tubes, fans, submersible pumps, and fabricated components and assemblies for the renewable energy sector.

Brand Portfolio

RR Shramik.

New Products/Services

Advanced copper products and fabricated components for renewable energy through the Tefabo subsidiary.

Market Expansion

Expansion into the Rajasthan region via the Bhiwadi facility and increased focus on the renewable energy value chain.

Strategic Alliances

Maintains a Joint Venture which contributed a share of profit/loss of INR -1.1 Cr in FY25.

🌍 External Factors

Industry Trends

The industry is shifting toward electrification, smart infrastructure, and sustainable industrial development, growing at approximately 22-23% annually.

Competitive Landscape

Faces aggressive competition from both global and regional players investing in high-tech copper products.

Competitive Moat

Moat is based on scale and established presence in the winding wire market; however, sustainability is challenged by low value-addition and high competitive intensity.