Indian Infrastructure growth is already at its peak and the demand for Electrical Sector is exponentially increasing with a fast pace. In such a situation, an investor always looks for opportunities to invest money to get better returns in future.
In this post, We are going to discuss about a recently listed stock to decide whether it is a good investment option or not. The stock we are talking about is Ram Ratna Wires. Now let’s explore about the company. Also, We will provide Ram Ratna Wires Share Price Target for 2024, 2025, 2026, 2027 to 2030 based on our research using various parameters.
Company Overview
| MARKET CAP | ₹ 1,234.86 Cr. |
| ENTERPRISE VALUE | ₹ 1,419.04 Cr. |
| NO. OF SHARES | 4.40 Cr. |
| DIV. YIELD | 0.88 % |
| BOOK VALUE (TTM) | ₹ 71.34 |
| DEBT | ₹ 191.39 Cr. |
| PROMOTER HOLDING | 73.04 % |
| SALES GROWTH | 15.68% |
| PROFIT GROWTH | -11.85 % |
| ROE | 15.08 % |
Ram Ratna Wires Ltd. is a company that makes and sells special copper wires. They make things like copper strips, flat cables for underwater use, and wires covered with paper. This company was started by a person named Rameshwarlal Jagannath Kabra in the year 1965. Their main office is in Vadodara, India.
As of June 30, 2023, Ram Ratna Wires Ltd. had total assets worth ₹829 Crores. The company’s stock price on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as of September 20, 2023, is ₹280.65.
Regarding valuation ratios, as of September 20, 2023, the Price-to-Book (P/B) ratio of Ram Ratna Wires Ltd. is 3.85 times, which is a 0.81% premium compared to its peers’ median of 2.13 times. Additionally, the Price-to-Earnings (P/E) ratio of the company stands at 27.85 times, a 0.39% premium compared to its peers’ median P/E ratio of 20.01 times.
Financial Performance
Over the past year, Ram Ratna Wires Ltd. has shown a strong return of 34.28%. Its market capitalization on September 20, 2023, is ₹1,235 Crores, and it falls under the category of Small Cap companies according to Value Research.
In terms of financial performance, Ram Ratna Wires Ltd. recorded a profit after tax of ₹44 Crores on a trailing twelve-month (TTM) basis.
Technical Analysis
As per technical analysis, the current daily time frame trend in the stock is downtrend and trading at the strong support level.
Key Support Levels
- 272
- 264
- 244
Key Resistance Levels
- 302
- 324
- 349
You can plan your investment or swing trades as per these support and resistance levels. Look for Buy opportunities at the support level and try to find selling opportunities at resistance Levels.
Why to Invest or Avoid?
Over the past three years, the company’s profits have grown impressively by 44.36%. Additionally, its revenue has shown strong growth, increasing by 22.86% during the same period.
When it comes to managing cash, the company excels with an efficient Cash Conversion Cycle of just 37.96 days. This means they can turn their investments into cash relatively quickly.
Furthermore, their cash flow management is commendable, as evidenced by a CFO/PAT ratio of 1.81. This indicates that they generate healthy cash flows relative to their profits.
Additionally, the company has a robust promoter holding, with a significant stake of 73.04%. This reflects a strong commitment from the company’s founders and key stakeholders.
Price Target for 2024 to 2030
| Year | Target |
| 2024 | 385 |
| 2025 | 450 |
| 2026 | 510 |
| 2027 | 559 |
| 2028 | 620 |
| 2029 | 690 |
| 2030 | 786 |
We have used various parameter like Fundamentals, Technicals, Indicators such as Super trend, Exponential Moving Averages and Pivot Points to research these RR Cable Share Price Targets for Years upto 2030.
Also, this research is based on our own Analysis and experience, please don’t forget to manually analyse the Fundamental and Technical Aspects of any share before Investing.
