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.