Ram Ratna Wires Limited (RAMRAT) AI Stock Analysis

Ram Ratna Wires Limited

(NSE:RAMRAT)

Select Model

Rating:59Neutral

Price Target:INR 530.00▲(4.48% Upside)

Action:reiterated

Date:08/28/26

The score is most constrained by weakened financial quality—negative 2026 operating/free cash flow alongside sharply higher leverage—despite strong revenue growth. Technicals are supportive due to strong upward trend, but overbought readings add near-term risk. Valuation also weighs on the score given the high P/E and low dividend yield.

Positive Factors

Strong Revenue GrowthSustained revenue expansion indicates that Ram Ratna Wires is growing its presence across electrical and industrial applications. The acceleration in the latest annual period can support operating scale, customer reach, and continued investment capacity over the next several quarters.

Negative Factors

Negative Cash GenerationThe shift to negative operating and free cash flow shows that reported earnings are not currently translating into cash. This can increase reliance on external funding, restrict investment flexibility, and make growth harder to sustain if cash conversion remains weak.

Ram Ratna Wires Limited (RAMRAT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 47.34B
Dividend Yield: 0.49%
Average Volume (3M): 21.91K
Price to Earnings (P/E): 37.3
Beta (1Y): 1.14
Revenue Growth: 71.52%
EPS Growth: 95.45%
Country: India
Employees: 1,091
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Ram Ratna Wires Limited Business Overview & Revenue Model

Company Description

Ram Ratna Wires Limited, together with its subsidiaries, manufactures and sells winding wires in India and internationally. It operates through Enamelled Wires and Strips, Copper Tubes and Pipes, and Other segments. The company offers enameled alumin...

Ram Ratna Wires Limited Financial Statement Overview

Summary

Strong revenue growth and positive profitability support the score, but it is heavily offset by 2026 cash flow deterioration (negative operating and free cash flow) and a sharp rise in leverage (debt-to-equity ~1.17). Thin net margins (~2%) and declining gross margin further increase sensitivity to cost pressure and demand shifts.

Income Statement

76Positive

Balance Sheet

62Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	60.47B	51.77B	36.77B	29.77B	26.50B	22.82B
Gross Profit	4.79B	3.88B	2.47B	2.54B	2.46B	2.08B
EBITDA	3.20B	2.75B	1.74B	1.32B	1.16B	1.16B
Net Income	1.27B	1.07B	629.12M	522.62M	448.92M	521.87M
Balance Sheet
Total Assets	0	19.94B	13.02B	9.53B	8.29B	7.15B
Cash, Cash Equivalents and Short-Term Investments	80.83M	141.15M	25.28M	446.16M	136.58M	155.26M
Total Debt	0	6.75B	3.05B	2.49B	2.67B	2.70B
Total Liabilities	-5.85B	14.09B	8.13B	5.21B	5.03B	4.33B
Stockholders Equity	5.85B	5.79B	4.83B	4.10B	3.12B	2.71B
Cash Flow
Free Cash Flow	-2.70B	-3.42B	-638.92M	227.82M	393.12M	1.32B
Operating Cash Flow	-1.83B	-1.71B	1.79B	1.38B	647.21M	1.51B
Investing Cash Flow	-885.06M	-1.55B	-2.68B	-55.87M	-204.20M	-190.63M
Financing Cash Flow	2.74B	3.32B	30.69M	-1.07B	-454.03M	-1.21B

Ram Ratna Wires Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price507.25

Price Trends

50DMA554.74Negative

100DMA487.81Positive

200DMA417.67Positive

Market Momentum

MACD-7.75Positive

RSI35.34Neutral

STOCH39.91Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMRAT, the sentiment is Negative. The current price of 507.25 is below the 20-day moving average (MA) of 574.96, below the 50-day MA of 554.74, and above the 200-day MA of 417.67, indicating a neutral trend. The MACD of -7.75 indicates Positive momentum. The RSI at 35.34 is Neutral, neither overbought nor oversold. The STOCH value of 39.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMRAT.

Ram Ratna Wires Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RAMRAT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:FINCABLES	72Outperform	INR 174.25B	21.79	―	0.79%	26.53%	29.17%
IN:KEI	69Neutral	INR 359.63B	34.14	―	0.12%	25.18%	32.49%
IN:POLYCAB	67Neutral	INR 1.18T	37.00	―	0.60%	40.99%	28.09%
IN:APARINDS	65Neutral	INR 657.41B	45.90	―	0.38%	23.42%	46.04%
IN:RAMRAT	59Neutral	INR 47.35B	37.31	―	0.49%	71.52%	95.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RRKABEL	53Neutral	INR 232.61B	34.60	―	0.46%	45.36%	66.42%

* General Sector Average

Performance Comparison

IN:RAMRAT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RAMRAT	Ram Ratna Wires Limited	507.25	198.99	64.55%
IN:APARINDS	APAR Industries Limited	15700.35	7194.66	84.59%
IN:FINCABLES	Finolex Cables Limited	1139.35	348.13	44.00%
IN:KEI	KEI Industries Limited	3760.00	-217.69	-5.47%
IN:POLYCAB	Polycab India Ltd.	7800.00	211.22	2.78%
IN:RRKABEL	RR Kabel Ltd.	2056.60	673.41	48.69%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 28, 2026

Ram Ratna Wires Limited AI Stock Analysis