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Ram Ratna Wires Limited (RAMRAT) Fair Value & Analysis

Industrials · IN · Market cap ₹44.6B (≈ $472M) · ISIN INE207E01023

What is Ram Ratna Wires Limited really worth?

RR Ram Ratna Wires Limited RAMRAT · BSE
Price₹560.30
Fair Value₹240.83
Upside−57.0%
Quality31/100

Below-average quality, and trading another 133% above our fair value of ₹240.83.

As of Aug 23, 2026, the fair value of Ram Ratna Wires Limited is ₹240.83 per share against a price of ₹560.30, so the fair value sits 57% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +27.8 %/yr)
!Thin margins · 2.1% net margin
!Low debt · negative free cash flow
!Narrow moat 43/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range ₹180.62 – ₹301.03

Fair value as of: Aug 23, 2026

From 14 valuation models · updated 14 days ago

Share price +28.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹301.03). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

₹592.40 ₹19.27 Fair Value ₹240.83 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹19.27 – ₹592.40 · fair‑value band ₹180.62 – ₹301.03 · the ₹560.30 price screens above the ₹240.83 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Ram Ratna Wires Limited (RAMRAT) currently trades at ₹560.30, while our model-based Fair Value estimate is ₹240.83, implying the stock looks roughly 132.7% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹362.25 per share, and 0 of the 14 models we run sit above the ₹560.30 price. Bear case: the Asset-Based group reads lowest at ₹41.59, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Ram Ratna Wires Limited generated revenue of ₹60.3B at a net margin of 2.1%. Revenue grew 88.6% year over year. It earns a return on equity of 20.3%. Net debt stands at ₹6.5B. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹180.62 (bear case) to ₹301.03 (bull case); at ₹560.30, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 109% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −57%, RAMRAT screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹6.01 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence ₹183.89 ₹219.13 ₹249.97 74
ROIC Compounder ₹247.05 ₹384.12 ₹550.60 70
EV/EBITDA ₹252.51 ₹345.88 ₹439.24 67
All 14 models by family
Earnings-Based
Graham-Dodd ₹77.98 ₹543.83 ₹763.19 63
Lynch FV ₹196.35 ₹280.51 ₹364.66 61
PEG = 1.0 ₹196.35 ₹280.51 ₹364.66 57
EPV best evidence ₹183.89 ₹219.13 ₹249.97 74
Multiples
P/E Multiple ₹180.62 ₹240.83 ₹301.03 63
P/S Multiple ₹146.22 ₹194.95 ₹243.69 58
P/B Multiple ₹146.22 ₹194.95 ₹243.69 55
EV/EBIT ₹286.98 ₹391.83 ₹496.68 66
EV/EBITDA ₹252.51 ₹345.88 ₹439.24 67
EV/Revenue ₹196.93 ₹293.14 ₹389.36 53
Asset-Based
NCAV (Graham) ₹31.04 ₹41.59 ₹62.08 54
Economic Profit
Residual Income ₹75.80 ₹100.43 ₹378.32 64
ROIC Compounder ₹247.05 ₹384.12 ₹550.60 70
Growth Earnings
Growth-Adj P/E ₹253.57 ₹362.25 ₹470.92 67

Widest divergence: Growth Earnings (₹362.25) versus Asset-Based (₹41.59). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 40.6
P/S ratio 0.84 P/E × margin
EPS (TTM) ₹13.80 price ÷ EPS = P/E 40.6
Dividend yield 0.3% payout 10.6%
Net margin 2.1% FY2026
Return on equity 20.3% TTM
More key figures
Profitability
Return on assets (EBIT) 11.3% avg 5y
Operating margin 4.2% TTM
Growth
Revenue (TTM) ₹60.3B TTM
Revenue growth (YoY) +88.6% 3y avg +24.8%
EPS growth (YoY) +128%
Balance sheet & cash flow
Free cash flow −₹2.6B FY2026
Net debt ₹6.5B FY2026

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 32 · Market factors (momentum, volatility) 89

Profitability 55
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 10
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ram Ratna Wires Limited manufactures and sells winding wires and related insulated products for original equipment manufacturers in India. The company operates through Enamelled Wires and Strips, Copper Tubes and Pipes, and Other segments.

Full company description

Ram Ratna Wires Limited manufactures and sells winding wires and related insulated products for original equipment manufacturers in India. The company operates through Enamelled Wires and Strips, Copper Tubes and Pipes, and Other segments. It also offers enameled aluminum and copper strips; glass fibre covered strips; nylon coated, self bonding, LITZ wire-bunched, and sole coat AIW enameled wires; submersible winding wires; bunched and braided bare copper wires; submersible flat cables; enameled copper wires and strips; fine and ultrafine enameled copper wires; corona resistant and triple insulated winding wires; enameled aluminium winding wires; paper covered magnet wires; crepe kraft paper insulated copper cables; cotton covered copper conductors; peripheral pumps; float switches; automatic pressure controls; and centrifugal pumps. The company exports its products. Ram Ratna Wires Limited was incorporated in 1992 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Ram Ratna Wires Limited reported revenue of ₹51.6B in FY2026 versus ₹22.8B in FY2022, a compound +22.6%/yr. Reported net income was ₹1.1B in FY2026, compounding +19.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹51.6B
Latest YoY
+40.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.8%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.4%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.9% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+27.6%
Dividend yield0.3%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3.0% (2021) → 4.5% (2026) · rising
Worst earnings drop46% (2024) · in INR
Revenue +22.6%/yr
FY22 ₹22.8B
FY23 ₹26.5B
FY24 ₹29.8B
FY25 ₹36.7B
FY26 ₹51.6B
Net income +19.7%/yr
FY22 ₹522M
FY23 ₹449M
FY24 ₹561M
FY25 ₹702M
FY26 ₹1.1B

RAMRAT screens 133% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Ram Ratna Wires Limited Fair Value". https://www.fairvalue-calculator.com/stock/RAMRAT.BSE

Peer Group

Electrical Equipment & Parts · 544 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 31 · Bottom 25%
Fair Value upside −50% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 89% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 40.6× · Pricier than median
P/B 7.69× · Pricier than 75% of peers
P/S (TTM) 0.74× · Cheaper than median
EV/EBITDA 15.4× · Cheaper than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

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Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
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Frequently asked questions

Is Ram Ratna Wires Limited (RAMRAT) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹240.83 versus a price of ₹560.30, about −57% upside (overvalued).
What is the fair value of RAMRAT?
Our model-based fair value for Ram Ratna Wires Limited is ₹240.83 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹560.30.
What is the quality score of RAMRAT?
Ram Ratna Wires Limited has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ram Ratna Wires Limited (RAMRAT)?
Our model-based price target is the fair value of ₹240.83 (as of Aug 23, 2026) from 14 valuation models. Cautious scenario ₹180.62, optimistic scenario ₹301.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Ram Ratna Wires Limited stock forecast for 2026?
Our models put fair value at ₹240.83, about −57% upside versus a price of ₹560.30 (overvalued). Cautious scenario ₹180.62, optimistic scenario ₹301.03. The calculation is refreshed regularly with new filings.
What is the revenue of Ram Ratna Wires Limited (RAMRAT)?
Ram Ratna Wires Limited reported trailing-twelve-month revenue of about ₹60.3B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of RAMRAT?
The net profit margin of Ram Ratna Wires Limited is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Ram Ratna Wires Limited pay a dividend?
Ram Ratna Wires Limited currently shows a dividend yield of about 0.26% relative to its recent price (as of Aug 23, 2026).
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