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Ram Ratna Wires Limited (RAMRAT)

₹572.90 +1.66% last close, 16 Oct

📊 NSE: RAMRAT 🏢 Mining / Minerals / Metals 📢 Latest filing: 29 Aug 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Ram Ratna's revenue was ₹1,853 Cr (+88.6% year on year, +5.7% on the previous quarter), and net profit ₹35.2 Cr (+120.8% year on year); the operating margin was 4.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1,853	+88.6%	+5.7%
Operating profit	₹89.6	+109.0%	-2.6%
Net profit	₹35.2	+120.8%	-9.8%
EPS (₹)	3.77	+127.8%	-9.8%
Operating margin	4.8%	—	—

EPS restated for the 1:1 bonus of Dec 2025: Q1 FY26 ₹3.31 to ₹1.66.

Full quarterly financials → Results calendar →

RAMRAT delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 39.6% of the RAMRAT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.23%. That is close to its usual level. Volume was 0.4 times its average, well below normal. 2 bulk or block deals were reported in RAMRAT in the last 60 days: ₹31 Cr bought and ₹31 Cr sold.

39.6%Delivery, 16 Oct

42.23%Own 20-session average

0.4×Volume vs its average

₹572.90NSE close · +1.66%

Delivery in the last 5 sessions: 48.1% · 39.7% · 49.6% · 48.0% · 39.6%

Date	Side	Counterparty	Value	Price	Quantity	Type
22 Sep	Buy	Trade Solvent Private Limited	₹30.89 Cr	₹562.60	549,122	Bulk
22 Sep	Sell	L7 Hitech Private Limited	₹30.89 Cr	₹562.58	549,122	Bulk

Delivery across the market →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

DGGI Issues ₹29.23 Cr GST Show Cause-Cum-Demand Notice to Ram Ratna Wires

🔵 WATCH ⭐ 6/10

LEGAL 📅 29 Aug 2026, 04:58 PM

Ram Ratna Wires Limited received a Show Cause-cum-Demand Notice from the DGGI, Surat Zonal Unit, raising a GST demand of ₹29.23 Crores along with applicable interest and penalties for FY 2020-21 to FY 2023-24. The demand represents approximately 22.8% of the company's TTM PAT (₹128 Cr) and 5.0% of its Net Worth (₹589 Cr). The company stated it is evaluating the allegations and plans to submit documentary evidence within the prescribed timeline to contest the demand, expecting no immediate operational disruption.

GST demand raised at INR 29.23 Crores plus applicable interest and penalties.
Notice pertains to a 4-year period covering FY 2020-21 to FY 2023-24.
Issued under Section 74(1) and Section 122(1)(ii) of the CGST/SGST and IGST Acts by DGGI Surat.
Demand equals ~22.8% of TTM PAT (₹128 Cr) and ~0.48% of TTM revenue (₹6,048 Cr).

💡 Track the outcome of the company's formal rebuttal submissions and whether the tax authority proceeds to confirm the demand into an enforceable order or provision requirement.

Ram Ratna Wires Schedules Plant Visit for Institutional Investors on Sept 2-3, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 05:37 PM

Ram Ratna Wires Limited has scheduled an in-person plant visit and group interaction with institutional investors and analysts on September 2 and September 3, 2026. The plant visit will take place at the company's facilities located in Silvassa (U.T. of D.N.H. & D.D.). The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the meetings.

Plant visit scheduled for September 02, 2026 to September 03, 2026
Mode: In-person physical meeting with a group of institutional investors & analysts
Location: Silvassa, U.T. of D.N.H. & D.D.
Confirmation that no Unpublished Price Sensitive Information (UPSI) will be shared

💡 Monitor for any investor presentations or post-meet disclosures submitted by the company to the stock exchanges.

Ram Ratna Wires Approves ₹2.50 Dividend and Enhanced Borrowing Limits at 34th AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 04 Aug 2026, 06:30 PM

Ram Ratna Wires Limited held its 34th Annual General Meeting on August 04, 2026, where shareholders approved all resolutions with a significant majority. Key approvals include a dividend of ₹2.50 per equity share (50% of face value) for FY26. Crucially, shareholders passed special resolutions to enhance the company's borrowing limits and the board's power to create charges on assets, providing headroom for future capital requirements. This follows a strong FY26 where revenue grew ~40.8% to ₹5,177 Cr.

Approved a dividend of ₹2.50 per equity share of face value ₹5.00 for FY26.
Passed special resolution to enhance borrowing limits under Section 180(1)(c) of the Companies Act.
Passed special resolution to create charges or mortgages on company assets under Section 180(1)(a).
Re-appointed Smt. Payal Agarwal as an Independent Director with 99.99% votes in favor.
Ratified remuneration for Cost Auditors for the financial year ending March 31, 2027.

💡 Monitor the company's debt levels following the approved enhancement in borrowing limits, especially in relation to the operationalization of the new Bhiwadi facility.

88.6% Revenue Growth in Q1 FY27; Copper Tubes Mix Doubles to 26%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 05:13 PM

Ram Ratna Wires reported a strong Q1 FY27 with consolidated revenue surging 88.6% YoY to ₹1,853.3 cr, driven by the commencement of the Bhiwadi unit. Operating EBITDA grew 109% YoY to ₹89.6 cr, while PAT increased 120.8% to ₹35.2 cr. A significant strategic shift is visible as the Copper Tubes & Pipes segment now contributes 26% of revenue, up from 14% in the previous year. The company is currently executing a 3,600 MTPA expansion at Silvassa, targeted for completion by March 2027.

Revenue for Q1 FY27 reached ₹1,853.3 cr, an 88.6% increase over Q1 FY26.
Net Profit (PAT) surged by 120.8% YoY to ₹35.2 cr from ₹15.9 cr.
Copper Tubes & Pipes segment revenue share increased from 14% to 26% YoY.
Ongoing capex to add 3,600 MTPA capacity at Silvassa by March 2027.
Capacity utilization for Winding Wires & Strips stands at ~76%, while Copper Tubes is at ~45%.

💡 Monitor the ramp-up of the Copper Tubes segment and the utilization levels at the new Bhiwadi facility. Watch for the timely commissioning of the 3,600 MTPA Silvassa expansion in March 2027 to sustain growth momentum.

121% PAT Growth: Ram Ratna Wires Reports Strong Q1 FY27 Results with ₹1,853 Cr Revenue

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 05:02 PM

Ram Ratna Wires reported a robust 88.6% YoY revenue growth to ₹1,853.3 Cr for Q1 FY27, driven by strong demand in end-user industries. Profit After Tax (PAT) surged 120.8% YoY to ₹35.2 Cr, although it saw a slight sequential decline from ₹39.2 Cr in Q4 FY26. A significant highlight is the Copper Tubes segment, which now contributes 26% of total revenue, up from previous levels. While EBITDA margins improved 40 bps YoY to 4.8%, they remain thin, reflecting the company's price-taker model regarding raw material fluctuations.

Revenue from operations increased 88.6% YoY to ₹1,853.3 Cr.
Profit After Tax (PAT) grew by 120.8% YoY to ₹35.2 Cr.
Copper Tubes business contribution reached 26% of total revenue.
Operating EBITDA rose 109% YoY to ₹89.6 Cr.
EBITDA margin expanded to 4.8% from 4.4% in the same quarter last year.

💡 Investors should monitor the impact of copper price volatility on these thin margins and track the progress of the Bhiwadi facility expansion to see if it further boosts the top line.

91% Revenue Growth in Q1 FY27; PAT Surges 152% YoY to ₹36.7 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 04:52 PM

Ram Ratna Wires reported a robust Q1 FY27 with standalone revenue jumping 90.7% YoY to ₹1,831.99 Cr. Net profit followed suit, increasing 152.5% YoY to ₹36.72 Cr, driven by strong performance in both core winding wires and the copper tubes segment. The copper tubes and pipes segment showed exceptional growth, with revenue rising from ₹137.39 Cr to ₹489.98 Cr YoY. While growth is strong, finance costs nearly doubled to ₹30.36 Cr, and the company is awaiting clarity on the financial impact of new Extended Producer Responsibility (EPR) regulations.

Standalone Revenue from Operations grew 90.7% YoY to ₹1,831.99 Cr from ₹960.40 Cr.
Standalone Net Profit increased 152.5% YoY to ₹36.72 Cr compared to ₹14.54 Cr in the previous year.
Copper tubes and pipes segment revenue surged 256% YoY to ₹489.98 Cr.
Finance costs increased 97% YoY to ₹30.36 Cr, indicating higher working capital requirements.
Basic EPS for the quarter stood at ₹3.93, up from ₹1.56 in Q1 FY26 (restated for 1:1 bonus issue).

💡 Monitor the sustainability of the high-growth trajectory in the copper tubes segment and the operationalization of the CPCB's EPR portal, which will determine future regulatory costs.

Ram Ratna Wires to Meet Investors at Equirus Annual India Group Meeting on August 13, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jul 2026, 06:20 PM

Ram Ratna Wires Limited has scheduled an in-person interaction with analysts and institutional investors for August 13, 2026. The meeting is organized by Equirus as part of their Annual India Group Meeting. This interaction comes as the company maintains a TTM revenue of ‡5,177 Cr and a healthy ROCE of 24.0%. No unpublished price sensitive information is expected to be shared during the session.

Analyst/Institutional Investor meeting scheduled for August 13, 2026
Meeting organized by Equirus Annual India Group Meeting in a physical (in-person) format
Company reported a significant revenue of ‡1,753 Cr in the March 2026 quarter
TTM revenue stands at ‡5,177 Cr with a net profit of ‡109 Cr
Promoter holding remains stable at 69.3% as of March 2026

💡 Watch for any investor presentation or transcript released after the meeting for updates on the Bhiwadi facility expansion and the 64% stake acquisition in Tefabo Products.

Ram Ratna Wires Submits Routine Share Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 04:49 PM

Ram Ratna Wires Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Transfer Agent (RTA) Datamatics Business Solutions Limited, confirms the processing of dematerialization requests for the quarter ended June 30, 2026. This is a standard administrative filing required by all listed companies to ensure the integrity of shareholding records. There is no impact on the company's financial performance or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Transfer Agent identified as M/s. Datamatics Business Solutions Limited
Filing submitted to BSE and NSE on July 08, 2026
Confirms substitution of depository names in the register of members for dematerialized shares

💡 No action is required as this is a routine procedural filing. Investors should monitor the company's upcoming Q1 FY27 financial results for operational updates.

₹2.50 Dividend: Ram Ratna Wires Sets July 22, 2026, as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 01 Jul 2026, 10:52 AM

Ram Ratna Wires has fixed July 22, 2026, as the record date for a final dividend of ₹2.50 per equity share for FY 2025-26. This dividend represents 50% of the face value of ₹5.00. Based on the TTM EPS of ₹15.41, the payout ratio stands at approximately 16.2%. The dividend is subject to shareholder approval at the ensuing AGM and will be paid on or before September 01, 2026.

Final dividend of ₹2.50 per equity share recommended for FY 2025-26
Record date for determining eligibility fixed as July 22, 2026
Dividend represents 50% of the face value of ₹5.00 per share
Payment to be completed on or before September 01, 2026, post-AGM approval

💡 Investors must hold the shares before the ex-dividend date to qualify for the payout. Monitor the upcoming AGM for updates on the Bhiwadi facility expansion and renewable energy segment growth.

Ram Ratna Wires to Close Trading Window from July 1 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 02:59 PM

Ram Ratna Wires Limited has announced the closure of its trading window for all designated persons and their relatives starting July 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations ahead of the announcement of financial results. The closure pertains to the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The window will remain shut until 48 hours after the results are officially declared to the exchanges.

Trading window closure commences on Wednesday, July 1, 2026.
Closure is in relation to the Unaudited Financial Results for the quarter ending June 30, 2026.
The restriction applies to Insiders, Designated Persons, and their immediate relatives.
Trading window will reopen 48 hours after the financial results are declared.
The specific date for the Board Meeting to approve results will be announced in due course.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals; investors should monitor for the upcoming announcement of the Q1 result date.

Ram Ratna Wires FY26 PAT Jumps 54.7% to ₹108.6 Cr; Revenue Crosses ₹5,100 Cr Mark

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 May 2026, 12:09 PM

Ram Ratna Wires reported a robust performance for FY26, with annual revenue growing 40.8% YoY to ₹5,176.6 crore and PAT increasing 54.7% to ₹108.6 crore. The company's strategic shift towards higher-margin Copper Tubes & Pipes is yielding results, with that segment's revenue share rising from 14% to 22%. Operational efficiency improved significantly, with ROCE reaching 25.1% and ROE at 20.9%. The board has also doubled the dividend to ₹5.0 per share, reflecting strong cash flows and confidence in future growth.

Consolidated Revenue for FY26 grew by 40.8% YoY to ₹5,176.6 crore, driven by volume growth and segment diversification.
Operating EBITDA surged 68.7% YoY to ₹263.6 crore, with margins improving from 4.3% to 5.1%.
Copper Tubes & Pipes segment revenue share increased to 22% in FY26 from 14% in FY25, positioning the company for long-term growth.
Return on Capital Employed (ROCE) improved to 25.1% in FY26 compared to 22.4% in the previous year.
Successfully commenced production at the Bhiwadi unit and completed the merger of Global Copper Pvt Ltd into the company.

💡 Investors should consider the strong earnings growth and margin expansion as a sign of successful capacity utilization and product mix optimization. The company's focus on import substitution in the HVAC sector makes it a compelling long-term play in the electrical components space.

Ram Ratna Wires Q4 FY26 PAT Jumps 110% YoY to ₹39.2 Cr; Revenue Up 83%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 26 May 2026, 06:15 PM

Ram Ratna Wires reported a stellar performance for Q4 FY26, with revenue growing 83.2% YoY to ₹1,752.9 crore. The company's profitability saw even stronger growth, with PAT surging 110.2% YoY to ₹39.2 crore and EBITDA margins expanding to 5.3%. For the full year FY26, revenue crossed the ₹5,000 crore mark, reaching ₹5,176.6 crore, while return ratios remained healthy with ROCE at 25%. The growth was driven by a strategic shift in product mix, specifically the increasing contribution of high-margin copper tubes and pipes.

Q4 FY26 Revenue grew 83.2% YoY to ₹1,752.9 Cr, while FY26 Revenue rose 40.8% to ₹5,176.6 Cr.
Net Profit (PAT) for Q4 FY26 more than doubled, increasing 110.2% YoY to ₹39.2 Cr.
EBITDA margins improved to 5.3% in Q4 FY26 compared to 4.7% in the same quarter last year.
Contribution from Copper Tubes and Pipes segment increased significantly from 14% to 22% of the mix.
Return on Capital Employed (ROCE) and Return on Equity (ROE) stood at ~25% and ~21% respectively for FY26.

💡 The stock shows strong growth momentum and improving product mix; investors should monitor the progress of the Inner Grooved Tubes (IGT) expansion and EV segment traction.

Ram Ratna Wires Re-appoints Independent Director for 5 Years and Auditors for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 26 May 2026, 06:07 PM

Ram Ratna Wires Limited has approved the re-appointment of Smt. Payal Agarwal as an Independent Director for a second five-year term, effective from June 30, 2026, to June 29, 2031. The company also confirmed the re-appointment of its Tax, Cost, and Internal Auditors for the financial year 2026-27 to maintain continuity in financial oversight. Smt. Agarwal is a qualified CA and CFA with over 20 years of experience, and her appointment is subject to shareholder approval at the upcoming AGM. These decisions reflect standard corporate governance practices and regulatory compliance.

Smt. Payal Agarwal re-appointed as Independent Director for a 5-year term until June 2031.
M/s. Bhagwagar Dalal & Doshi re-appointed as Tax Auditors for the financial year 2026-27.
M/s. Poddar & Co. and M/s. DMKH & Co. re-appointed as Cost and Internal Auditors respectively for FY27.
Director Smt. Payal Agarwal brings over 20 years of experience in financial and regulatory matters.

💡 This is a routine governance update with no immediate impact on stock fundamentals. Investors should view this as a positive sign of continuity in the company's audit and oversight functions.

Ram Ratna Wires Re-appoints Independent Director for 5 Years and Auditors for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 26 May 2026, 06:04 PM

Ram Ratna Wires Limited has approved the re-appointment of Smt. Payal Agarwal as an Independent Director for a second consecutive five-year term, effective from June 30, 2026, to June 29, 2031. The company also confirmed the re-appointment of its audit team for the financial year 2026-27, including Tax, Cost, and Internal Auditors. These decisions were made during the Board meeting held on May 26, 2026, and the director's re-appointment is subject to shareholder approval at the upcoming AGM. The move signifies a focus on continuity in corporate governance and financial oversight.

Smt. Payal Agarwal re-appointed as Independent Director for a 5-year term starting June 30, 2026.
M/s. Bhagwagar Dalal & Doshi re-appointed as Tax Auditors for the financial year 2026-27.
M/s. Poddar & Co. and M/s. DMKH & Co. re-appointed as Cost and Internal Auditors respectively for FY 2026-27.
Smt. Payal Agarwal brings over 20 years of experience as a Chartered Accountant and CFA.

💡 These are routine governance re-appointments that ensure continuity in the company's regulatory and financial compliance. Investors should view this as a standard administrative update with no immediate impact on stock valuation.

Ram Ratna Wires Recommends ₹2.50 Dividend; FY26 Revenue Surges 40% to ₹5,076 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 26 May 2026, 05:56 PM

Ram Ratna Wires reported a strong financial performance for FY26, with annual revenue from operations growing 40% to ₹5,07,611 Lakhs. The Board has recommended a dividend of ₹2.50 per share (50% of face value), subject to shareholder approval at the AGM on August 04, 2026. Quarterly revenue for Q4 FY26 saw a significant jump of 85% year-on-year to ₹1,72,480 Lakhs. However, investors should monitor a significant tax demand of ₹6,790.77 Lakhs plus interest, which is currently under appeal.

Recommended a dividend of ₹2.50 per equity share (50% of face value of ₹5) for FY26
Annual Revenue from Operations grew 40% YoY to ₹5,07,610.97 Lakhs in FY26
Q4 FY26 Revenue stood at ₹1,72,479.99 Lakhs, an 85% increase over Q4 FY25
Auditors highlighted a pending tax demand of ₹6,790.77 Lakhs excluding interest of ₹3,149.05 Lakhs
The 34th Annual General Meeting (AGM) is scheduled for August 04, 2026

💡 Investors should capitalize on the strong top-line growth and dividend yield while keeping a close watch on the resolution of the ₹99 crore tax dispute. The significant revenue jump in Q4 suggests strong demand momentum in the wires and cables segment.

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.