Which companies are Ram Ratna Wires's closest peers?

The cockpit's peer set: Shenzhen UUGreenPower (301590.SZ), Harbin Jiuzhou (300040.SZ), V-Marc India (VMARCIND.NS), Guoxia Technology (2655.HK), Shenzhen Deren Electronic (002055.SZ), Zaptec (ZAP.OL), Beijing Dinghan Technology (300011.SZ), Veken Technology (600152.SS).

Is Ram Ratna Wires expensive compared with its peers?

On ev / sales it trades at 0.8× against a peer median of 2.2×, 3rd cheapest of 21 in its peer set.

How has Ram Ratna Wires stock performed?

Over six months to 6 Nov 2026 the shares returned +13.3% against -26.3% for the median peer; over one year +64.6%.

← CockpitCompetitor Analysis › RAMRAT.NS Ram Ratna Wires LimitedOpen in the cockpit ↗

Ram Ratna Wires LimitedRAMRAT.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electrical Products

Momentum strong 66

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$508M

US dollars, full cap

Free float

25%

of shares outstanding

$/day

$991,767

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-1.6 pp

WACC 17.7%

Hurdle

n/a

no reverse DCF

Close · INR₹514.25

1D-2.3%

1W+1.4%

1M-19.3%

3M+10.1%

6M+13.3%

YTD+67.1%

1Y+64.6%

ATR %4.8%

Beta1.01

52w lowhigh22.4% off high

What Ram Ratna Wires does

Employees: 2,042

Ram Ratna Wires at a glance

Size Ram Ratna Wires (RAMRAT.NS) is an India Industrials company (Electrical Products) with a market value of $508M, the 830th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹514.25 on 6 Nov 2026.

Performance Over six months the shares gained 13.3%, against -26.3% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 71.5% over the last twelve months (peer median +16.1%); the operating margin is 4.3% (peer median 3.2%).

Valuation It trades at 0.8× enterprise value to sales against a peer median of 2.2× (3rd cheapest of 21).

Capital Return on invested capital runs 1.6 points below its cost of capital (17.7% WACC).

Relative performance

Six months, rebased to 100: Ram Ratna Wires against the median of its 20 peers (local-currency closes).

Ram Ratna Wires financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹68.5B	₹51.7B	₹36.8B	₹29.8B	₹26.5B
Revenue growth	—	+41%	+23%	+13%	—
Gross profit	₹4.82B	₹3.07B	₹1.90B	₹1.43B	₹1.29B
EBITDA	₹3.44B	₹2.71B	₹1.61B	₹1.23B	₹1.11B
Net income	₹1.41B	₹1.07B	₹702M	₹561M	₹449M
Free cash flow	n/a	-₹3.42B	-₹639M	-₹149M	₹76.7M
Capital expenditure	n/a	₹1.71B	₹2.43B	₹1.16B	₹254M
Total debt	₹7.77B	₹6.75B	₹3.05B	₹2.49B	₹2.67B

Quarterly statements and history in the cockpit →

Ram Ratna Wires competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Ram Ratna Wires is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ram Ratna Wires is the large dot.

Ram Ratna Wires competitors and peer comparison

How Ram Ratna Wires compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ram Ratna Wires against its 20 peers (data as of 6 Nov 2026)
Measure	RAMRAT.NS	Peer median	Rank in peer set
1-month return	-19.3%	-10.9%	5th lowest of 21
6-month return	+13.3%	-26.3%	3rd highest of 21
Distance from 52-week high	-22.4%	-45.1%	3rd highest of 21
Revenue growth (TTM)	+71.5%	+16.1%	3rd highest of 21
Operating margin	4.3%	3.2%	10th highest of 21
EV / Sales	0.8×	2.2×	3rd cheapest of 21
ROIC minus cost of capital	-1.6 pp	-3.8 pp	9th highest of 21
EV / EBITDA	16.1×	15.8×	4th cheapest of 7
Net debt / EBITDA	2.1×	-1.6×	2nd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Ram Ratna Wires RAMRAT.NS	India	$508M	+13%	+72%	4%	0.8×	n/a	n/a
Shenzhen UUGreenPower 301590.SZ	China	$507M	-55%	-12%	-11%	2.1×	n/a	n/a
Harbin Jiuzhou 300040.SZ	China	$513M	-26%	-3%	9%	5.3×	17.6%	+2.6%
V-Marc India VMARCIND.NS	India	$503M	+93%	+218%	10%	2.6×	n/a	n/a
Guoxia Technology 2655.HK	Hong Kong	$513M	-66%	+78%	9%	1.3×	n/a	n/a
Shenzhen Deren Electronic 002055.SZ	China	$502M	-9%	-6%	4%	1.2×	n/a	n/a
Zaptec ZAP.OL	Norway	$519M	+31%	+34%	10%	2.3×	-2.8%	+47.5%
Beijing Dinghan Technology 300011.SZ	China	$494M	-26%	-2%	-1%	2.7×	31.5%	+7.2%
Veken Technology 600152.SS	China	$523M	-56%	+15%	-7%	2.2×	n/a	n/a
Qingdao Topscomm Communication 603421.SS	China	$523M	-35%	-39%	-50%	3.0×	5.8%	-6.5%
SEMCNS 252990.KS	South Korea	$492M	-20%	+66%	29%	5.9×	14.8%	+16.8%
SEBANG GLOBAL BATTERY 004490.KS	South Korea	$525M	-18%	-2%	6%	0.2×	n/a	n/a
Nantong Xingqiu Graphite 688633.SS	China	$490M	-47%	+44%	31%	2.0×	-6.5%	+7.6%
Shanghai Smart Control 001266.SZ	China	$528M	-16%	+25%	5%	3.5×	24.4%	+6.1%
Shenyu Communication Technology 300563.SZ	China	$529M	-40%	+2%	7%	3.8×	16.2%	+6.4%
Ceepower 300062.SZ	China	$532M	-27%	+19%	-7%	3.3×	6.6%	+4.1%
Anfu CE LINK 300787.SZ	China	$484M	-4%	+17%	-1%	1.3×	n/a	n/a
Sichuan Zhongguang Lightning Protection Technologies 300414.SZ	China	$478M	-31%	+21%	3%	4.7×	n/a	n/a
Ballard Power Systems BLDP.TO	Canada	$541M	-66%	+45%	-47%	0.5×	n/a	n/a
Zhejiang Tengen Electrics 605066.SS	China	$477M	-21%	-3%	0%	1.0×	n/a	n/a
Sinostar Cable 300933.SZ	China	$477M	-29%	+13%	0%	1.3×	n/a	n/a

Questions

Which companies are Ram Ratna Wires's closest peers?: The cockpit's peer set: Shenzhen UUGreenPower (301590.SZ), Harbin Jiuzhou (300040.SZ), V-Marc India (VMARCIND.NS), Guoxia Technology (2655.HK), Shenzhen Deren Electronic (002055.SZ), Zaptec (ZAP.OL), Beijing Dinghan Technology (300011.SZ), Veken Technology (600152.SS).
Is Ram Ratna Wires expensive compared with its peers?: On ev / sales it trades at 0.8× against a peer median of 2.2×, 3rd cheapest of 21 in its peer set.
How has Ram Ratna Wires stock performed?: Over six months to 6 Nov 2026 the shares returned +13.3% against -26.3% for the median peer; over one year +64.6%.