Synopsis:
Electrical equipment stock came into focus after it announced a bonus issue consideration of 1:1, worth around Rs. 23 crore and strong Q2 results.
The small cap firm engaged in the manufacturing of winding wires, mainly enamelled copper wires, were in focus upon announcing their Q2 results along with the issue consideration of bonus share of 1:1.
Ram Ratna Wires Limited’s stock, with a market capitalization of Rs. 3,011.84 crore, is trading at Rs. 637.3 per share, 19 percent below from its 52 week high of Rs.786.85 per share. With a multibagger return of 1,652 percent over a period of five years.
Bonus Issue
The company announced a bonus issue in the ratio to be 1:1 i.e, 1 fully paid-up equity share of Rs.5, for every 1 fully paid-up equity share of Rs. 5/- each held by the Members as on the Record Date of December 26, 2025. Which is subject to approval of members through a Postal ballot. Total number of equity that will be issued 4,66,26,536 equity shares of face value of Rs. 5/- each totallingRs. 23.31 crore.
The estimated time by which such bonus shares will be credited is, within 2 months from the date of approval by the Board of Directors i.e.,on or before January 10, 2026.
QoQ view
Revenue from operation stands at Rs. 1163 crore in Q2 FY26, a growth of 24 percent from Rs. 982 crore in Q1 FY26. EBIDT grew by 26 percent from Rs.42.9 crore in Q1 FY26 compared to Rs. 54.2 crore in Q2 FY26. Accompanied by Net profit of Rs. 21.8 crore in Q2 FY26, a 37 percent growth from Rs. 15.9 crore in Q1 FY26 and with a healthy EPS of Rs.4.57 a 30 percent growth QoQ.
YoY view
In Q2 FY26 the revenue grew to Rs. 1,163 crore from Rs. 940 crore in Q2 FY25, reflecting a growth of 24 percent YoY. EBIDT stands at Rs. 54.2 crore in Q2 FY26, a growth of 51 percent YoY from Rs.36 crore in Q2 FY25. Accompanied with Net profit growth of 27 percent YoY to Rs. 21.8 crore and an EPS growth of 20 percent YoY.
Company Overview
The company holds 3 decades of manufacturing expertise, being India’s Leading Manufacturer of super enamelled copper winding wires and India’s Only Manufacturer Offering widest range of enamelled wires (0.016 mm – 5.000 mm). It has an Annual capacity of 41,400 Tons as of Q2 FY26 and 85% – 90% capacity utilisation. It supplies 70-75 percent of its products to Large OEM’s.
Products such as Copper Bunching & Compacting Products, MCB Coils, BLDC Motors & HVLS Fans (via JV with Epavo), Wind Turbine Towers (via Tefabo Subsidiary) were introduced during FY20-FY25, thereby diversifying their product base. The firm has a track record Revenue & PAT growing at a CAGR (5 years) of 20% & 37% respectively.
Written by Gourav Pratap Singh
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