Manufactures winding wires and strips and copper tubes and pipes, selling primarily to large original equipment manufacturers (OEMs). In FY26, winding wires and strips accounted for 77.7% of segment revenue at Rs 3,986.6 cr, while copper tubes and pipes made up 22.3% at Rs 1,146.7 cr. The business runs 5 plants in India, exports to 8 countries, and supplies 70-75% of its products to large OEMs. A new copper tubes facility at Bhiwadi commenced in June 2025, and an additional 3,600 MTPA capacity at Silvassa is targeted for March 2027 with Rs 86 crore of approved capex. The company is also entering the continuously transposed conductor (CTC) segment, with production expected in Q2 2026. Raw materials dominate the cost stack at 93.1% of revenue, reflecting copper-heavy inputs, while workforce numbers stood at 2,042 and exports contributed 7.39% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Winding wires and strips (78%), Copper tubes and pipes (22%). Copper-intensive manufacturing with cyclical raw material exposure, in a capital expenditure expansion phase
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,289 | 2,650 | 2,983 | 3,677 | 5,177 |
| EBITDA (ex other income) | 109 | 109 | 119 | 156 | 260 |
| margin % | 4.8 | 4.1 | 4.0 | 4.3 | 5.0 |
| Owners' profit | 52 | 45 | 52 | 63 | 107 |
| EPS, as reported (₹) | 23.72 | 10.20 | 11.88 | 14.29 | 11.48 |
| ROE % · ROCE % | 19.2 · 23.7 | 14.4 · 21.8 | 12.6 · 20.7 | 14.4 · 21.6 | 18.6 · 26.6 |
| Debt / equity (x) | 0.96 | 0.82 | 0.53 | 0.61 | 1.12 |
| Cash from operations | 151 | 65 | 138 | 227 | (93) |
| Capex | (19) | (25) | (116) | (243) | (171) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 940 | 889 | 957 | 982 | 2,146 | 1,278 | 1,753 | 1,853 |
| Profit before tax | 22 | 24 | 30 | 22 | 54 | 44 | 59 | 48 |
| Net profit | 17 | 18 | 19 | 16 | 38 | 32 | 39 | 35 |
| EPS (₹) | 3.82 | 3.74 | 3.60 | 3.31 | 7.88 | 3.35 | 4.18 | 3.77 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Winding wires and strips | 1,392 | 22.4 |
| Copper tubes and pipes | 1,284 | 20.6 |
| Other | 50 | 0.8 |
| Enamelled wires and strips | 3,421 | 55.0 |
| Others | 72 | 1.2 |
| Total, before eliminations | 6,220 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · Ram Ratna Wires gets GST show cause notice for INR 29.23 Crore demand | regulatory legal | high | — | — |
| 27 Aug 2026 · Plant visit scheduled with institutional investors on Sep 2-3 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Newspaper notice for SEBI physical shares demat window | compliance | minimal | — | — |
| 4 Aug 2026 · 34th AGM held on Aug 4, 2026 - all 7 resolutions passed with requisite majority | board shareholder meetings | medium | — | — |
| 1 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 31 Jul 2026 · Ram Ratna Wires Q1 FY27 investor presentation: revenue up 89%, PAT up 121% | investor communications | medium | — | — |
| 31 Jul 2026 · Strong Q1 FY27 results: Revenue up 89%, PAT up 121% YoY | results | high | — | — |
| 31 Jul 2026 · Q1 FY27 results: revenue up about 91% YoY, PAT up about 152% | results | high | — | — |
| 23 Jul 2026 · Board Meeting on July 31 to consider Q1 FY27 results | results | low | — | — |
| 22 Jul 2026 · Ram Ratna Wires to meet analysts at Equirus conference on Aug 13, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 75,508 |
| 19.8 |
| 5.03 |
| 12.2 |
| 25.9 |
| 29.0 |
| — |
| 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.9 | 26.2 | 32 of 53 | 40% |
| P/B | 8.5 | 3.6 | 41 of 49 | 17% |
| ROCE | 17.4 | 12.3 | 23 of 56 | 60% |
| ROE | 18.6 | 11.5 | 16 of 53 | 71% |
| Debt / Equity | 1.1 | 0.2 | 50 of 53 | 6% |
| EBITDA margin | 5.0 | 12.6 | 44 of 51 | 14% |
| Revenue growth | 88.6 | 20.7 | 5 of 46 | 91% |
| Profit growth | 120.8 | 37.7 | 13 of 45 | 73% |
| Market cap | 4994 | 641 | 12 of 56 | 80% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
