Ram Ratna Wires Ltd (RAMRAT)

Ram Ratna Wires Reports Strong Q4 Results - 16 May, 2024

Ram Ratna Wires Ltd reported a solid Q4 performance with a 10.9% YoY revenue increase and 16.85% profit growth. The company's stock has seen significant returns of 5.11% in the last week and 44.16% in the last 6 months.

Ram Ratna Wires Reports 10.9% YoY Increase in Net Sales - 15 May, 2024

Ram Ratna Wires reported a 10.9% YoY increase in net sales for March 2024, with quarterly net profit up by 16.85%. The company's EPS has also increased from Rs. 3.42 to Rs. 4.00 YoY. Ram Ratna Wires shares closed at 384.95 on May 14, 2024 (NSE) and have given returns of 43.93% over the last 6 months and 96.50% over the last 12 months.

Ram Ratna Wires to Invest Rs 200 Crore in Copper Tube Manufacturing Facility - 14 May, 2024

Ram Ratna Wires Ltd approved an investment of Rs 200 crore to expand their copper tube manufacturing facility. The company's revenue saw an 11% YoY increase, climbing from ₹724 crore in Q4FY23 to ₹803 crore in Q4FY24. Net profit increased by 18%, rising from ₹16 crore to ₹19 crore. Ram Ratna Wires shares have shown remarkable growth, rising by 47% in the last six months and 101% in the last 12 months.

Ram Ratna Wires Ltd Shares Gain 30% in a Month - 18 Apr, 2024

Shares of Ram Ratna Wires Limited have gained 30% in the last month, bringing the annual gain to 69%. Despite this growth, the P/E ratio of 29.2x is only slightly lower than the median P/E in India at about 31x. The company has been growing earnings at a reasonable pace and has seen strong medium-term rates of earnings growth compared to the market forecast. However, investors seem to think future earnings could see some volatility.