Ram Ratna Wires Limited (RAMRAT.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-152.7%

-₹276.04

vs ₹523.50 price

Levered DCF

-₹79.80

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.07

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	25.18×	37.02×	23.37×	15.5×	9.95×	34.82×	35.99×	33.25×
P/B	4.65×	5.07×	3.02×	2.23×	1.91×	2.59×	2.91×	2.83×
P/S	0.52×	0.67×	0.42×	0.26×	0.23×	0.34×	0.36×	0.37×
EV / EBITDA	12.22×	15.82×	11.25×	8.22×	6.65×	14.44×	12.66×	11.72×
Gross margin	7.5%	6.7%	8.5%	9.3%	9.1%	8.9%	9.9%	9.3%
Operating margin	4.4%	3.8%	6.7%	3.5%	4.1%	2.8%	2.9%	3.6%
Net margin	2.1%	1.7%	1.8%	1.7%	2.3%	1.0%	1.0%	1.1%
Current ratio	1.15×	1.19×	1.61×	1.53×	1.62×	1.38×	1.26×	1.18×
Debt / equity	1.17×	0.63×	0.61×	0.86×	0.99×	1.8×	1.64×	1.71×
Interest coverage	2.69×	2.58×	4.76×	2.78×	3.4×	1.68×	1.42×	1.69×
Dividend yield	0.4%	0.4%	1.8%	1.6%	0.4%	0.2%	0.6%	0.6%
Payout ratio	10.9%	17.5%	42.1%	24.5%	4.2%	7.4%	22.9%	21.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.5%	13.0%	12.7%	14.4%	19.2%	7.4%	8.1%	8.5%
Return on invested capital	12.3%	12.2%	21.1%	11.0%	12.1%	5.5%	7.3%	6.2%
Return on assets	5.4%	4.8%	5.5%	5.4%	7.3%	2.3%	2.7%	2.6%
Free cash flow yield	-12.7%	-2.6%	1.8%	5.7%	25.4%	-7.6%	9.1%	-8.6%
Earnings yield	4.0%	2.6%	4.2%	6.5%	10.0%	2.9%	2.8%	3.0%
Enterprise value	₹33.6B	₹27.5B	₹14.9B	₹9.5B	₹7.7B	₹8.8B	₹8.1B	₹8.3B
Net debt / EBITDA	2.41×	1.74×	1.87×	2.22×	2.19×	5.88×	4.55×	4.36×
Cash conversion cycle (days)	33	18	33	47	50	92	77	75