India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>Ram Ratna Wires, a winding-wire and copper-products manufacturer, reported FY26 revenue of INR 5,176.6 crore, EBITDA of INR 263.6 crore and PAT of INR 108.6 crore, with tubes contributing 22%.</li>
<li>The shift toward copper tubes, specialised conductors and electrical-component adjacencies can diversify revenue, improve utilisation and reduce dependence on the low-margin winding-wire business.</li>
<li>Future growth could be driven by copper-tube ramp-up, power infrastructure, HVAC localisation, EVs, BLDC motors and renewable-energy demand, subject to disciplined working-capital execution.</li>
</ul>


Ram Ratna Wires, a winding-wire and copper-products manufacturer, reported FY26 revenue of INR 5,176.6 crore, EBITDA of INR 263.6 crore and PAT of INR 108.6 crore, with tubes contributing 22%.
The shift toward copper tubes, specialised conductors and electrical-component adjacencies can diversify revenue, improve utilisation and reduce dependence on the low-margin winding-wire business.
Future growth could be driven by copper-tube ramp-up, power infrastructure, HVAC localisation, EVs, BLDC motors and renewable-energy demand, subject to disciplined working-capital execution.


Ram Ratna Wires: From Winding Wires to a Broader Copper Growth Platform

<ul>
<li>KSH International is the India’s 3rd largest Magnet Winding Wire Manufacturer (in terms of production capacity) and India’s Largest Exporter of Magnet Winding Wire (in terms of export revenue) for FY2025</li>
<li>India races towards 500GW of Renewable Capacity &amp; expand HVDC corridor, KSH’s specialized conductor (including continuously transposed conductor for 765kV transformer) is at an irreplaceable intersection of power capex supercycle</li>
<li>New 12,000 MT Supa Facility operational, Repaid IPO Funded Debt &amp; Orders covering 37 HVDC transformers, KSH’s revenue &amp; margin trajectory looks beyond 3000 crore Market Cap</li>
</ul>


KSH International is the India’s 3rd largest Magnet Winding Wire Manufacturer (in terms of production capacity) and India’s Largest Exporter of Magnet Winding Wire (in terms of export revenue) for FY2025
India races towards 500GW of Renewable Capacity &amp; expand HVDC corridor, KSH’s specialized conductor (including continuously transposed conductor for 765kV transformer) is at an irreplaceable intersection of power capex supercycle
New 12,000 MT Supa Facility operational, Repaid IPO Funded Debt &amp; Orders covering 37 HVDC transformers, KSH’s revenue &amp; margin trajectory looks beyond 3000 crore Market Cap


KSH International: Capacity Expansion Meets Demand Tailwind

India

Ram Ratna Wires Limited is a significant player in the Indian electrical equipment industry, specializing in the manufacturing of enamelled copper wires and strips. The company also produces copper tubes and pipes, serving sectors such as automotive, power, and household appliances. Headquartered in Mumbai, Maharashtra, the company was founded in 1992.

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Ram Ratna Wires (RRW IN)

Ram Ratna Wires: From Winding Wires to a Broader Copper Growth Platform

Ram Ratna Wires diversifying revenue with focus on copper tubes, electrical components to reduce dependence on low-margin winding-wire business,...

Sudarshan Bhandari

KSH International: Capacity Expansion Meets Demand Tailwind

KSH International emerges as India's top Magnet Winding Wire Manufacturer and Exporter, positioned at a crucial intersection of power capex...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Ram Ratna Wires: From Winding Wires to a Broader Copper Growth Platform

​Ram Ratna Wires diversifying revenue with focus on copper tubes, electrical components to reduce dependence on low-margin winding-wire business,...

Sudarshan Bhandari

KSH International: Capacity Expansion Meets Demand Tailwind

​KSH International emerges as India's top Magnet Winding Wire Manufacturer and Exporter, positioned at a crucial intersection of power capex...

Sudarshan Bhandari

Ram Ratna Wires diversifying revenue with focus on copper tubes, electrical components to reduce dependence on low-margin winding-wire business,...

KSH International emerges as India's top Magnet Winding Wire Manufacturer and Exporter, positioned at a crucial intersection of power capex...