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Ram Ratna Wires
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Ram Ratna Wires Limited was incorporated as a Public Limited Company in Jul.'92. The Company is a leading manufacturer of winding wires, mainly enamelled copper wires. It has manufacturing facilities at Silvassa and Dadra and Nagar Haveli (Union Territory). Promoted by Rameswarlal J Kabra and Others, it implemented a project to manufacture super enamelled copper winding wires and submersible copper wires.
The company came out with a public issue in Nov.'94 to set up a plant to manufacture 2890 tpa of super-enamelled copper wires and 30,000 kmpa of submersible wires by installing 15 wire-drawing machines, 9 enamelling machines and a suitable configuration of other equipment. The process technology for setting up the project is indigenous.
In 2000, the company has been awarded ISO 9002 certificate by Underwriters Laboratories Inc., USA.
In 2003, Company expanded the operation by installing two imported enamelling machines and one wire drawing machine. In 2005, the production from horizontal enamelling machine imported commenced their operations. The Company installed one more horizontal enamelling machine with inline wire drawing. The production from this machine also commenced business activities. To support the increased production capacity, it further acquired two wire drawing machines which commissioned during 2004-05.
In 2016, it established a new manufacturing facility at Silvassa. During the year 2017-18, the Company acquired 6,46,134 Equity Shares constituting 60% of paid up share capital in Global Copper Private Limited (GCPL).
During the year 2020-21, Company incorporated a new subsidiary company named, Epavo Electricals Private Limited, effective on 26 August, 2020 through a Joint Venture agreement entered into with Ennov Techno Tools Private Limited in the sharing pattern of 74:26. The Company held 74% of the total paid up share capital of Epavo Electricals Private Limited and the remaining 26% was held by Ennov Techno Tools Private Limited. The Company set up new manufacturing facility / plant at Salarpur at Distt - Alwar, Rajasthan in March, 2023. Global Copper Private Limited, a material subsidiary company got merged with the Company through Scheme of Amalgamation effective 1st April, 2023.
Ram Ratna Wires share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ram Ratna Wires indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ram Ratna Wires is valued compared to its competitors.
Ram Ratna Wires PE ratio helps investors understand what is the market value of each stock compared to Ram Ratna Wires 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ram Ratna Wires evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ram Ratna Wires generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ram Ratna Wires in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ram Ratna Wires shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ram Ratna Wires compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ram Ratna Wires over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ram Ratna Wires helps investors get an insight into when they can enter or exit the stock. Key components of Ram Ratna Wires Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ram Ratna Wires shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ram Ratna Wires ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ram Ratna Wires provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ram Ratna Wires highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ram Ratna Wires .
The balance sheet presents a snapshot of Ram Ratna Wires ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.