Ram Ratna Wires is established in 1992 which
makes Super enamelled copper winding wire,
copper wire, copper scrap and PVC insulatedwinding wires. This company is a member of Ram ratna Group
which makes wiring cable under the brand name‘RR KABEL’.Company’s products are widely used in
industries like Electrical, Electro-mechanical, Electro
hydraulic or Electro-pneumatic, Electronic and
Telecommunication equipments and devices.Now company is in an expansion drive to increase its
production capacity at its existing unitsand also planning to
expand its product line to Enamelled Strips, Enamelled
Aluminium Wire, Submersible Winding Wire, Fiber
Glass Covered Copper Strips, Paper Covered Copper Strips etc.
Copper price is the key factor affecting theprofitability of the company. Since it is the time of booming
business for its customers company can pass part of the raw
material price to its customers. Last FY companyposted a turnover of 303 crore and a NP of just 1.3 crore and
an EPS of Rs.1.2.For the nine month ended Decemberqtr RRW posted a NP of 8.1 crore v/s 1.3 crore in last full
year.It is expected to post an EPS of Rs.10/-for the full year which is almost a 10 fold increase compared
with last year.Company has an uninterrupted dividend history too.
At CMP of Rs.48/- It is a scrip to watch.