Thursday, April 15, 2010

RAM RATNA WIRES-Excellent Growth

Ram Ratna Wires is established in 1992 which
makes  Super enamelled copper winding wire,
copper wire, copper scrap and PVC insulated
winding 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 the
profitability 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 company
posted 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 December
qtr 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.


  1. what should be the holding period of this shares, for 20-30% returns. also could you tell me about electrosteel casting, some news came up on it in economic times and balance sheet and 9 month result also shows improvement in EPS. may be you can mail me on my id

  2. Dear Mr.Sanket

    To predict the target with time frame accurately I should be an operator behind the counter of the particular scrip.I am not an operator anyway.I am just pointing some stocks which I feels undervalued at current circumstances and scope for growth ahead.

  3. They are also in Vehicle Parking Solutions, which I feel is a major plus. Sales of 400 crores approx and mcap of 50 crores. Great Value Buy.

  4. Sir,
    How are the below mentioned stocks at cmp:
    1. Usha Martin Education & Solution
    2. Noida Medicare
    3. Tyche Industry
    4. Indian Metal & Ferro
    5. vikas wsp

  5. usha martin and indian metal - hold

    rest no opinion

  6. What do you think about precision wire which is into same business. Thank you



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