Is Ram Ratna Wires the Best Stock in Its Sector? A Look at the Numbers
- October 6, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Ram Ratna Wires CMP Rs 643 (06 Oct 2026). Market cap Rs 5,930 Cr. ROE 18.47%. P/E 46.40x versus Industry P/E 12.80x.
Quick Answer
Ram Ratna Wires is one of the names investors compare when screening the Electricals sector, built on a 18.47% return on equity and a P/E of 46.40x against an Industry P/E of 12.80x. Whether Ram Ratna Wires is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Electricals sector peers, so you can judge that for yourself.
Is Ram Ratna Wires the best stock in its sector? The stock trades on the NSE at Rs 643 as of 06 October 2026, within its 52-week range of Rs 268.00 to Rs 662.85. Ram Ratna Wires Ltd, based in Mumbai, manufactures winding wires and strips and also makes cables and conductors.
Ram Ratna Wires sits in the Electricals sector, and its 18.47% ROE and 46.40x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About Ram Ratna Wires
Ram Ratna Wires Ltd, based in Mumbai, manufactures winding wires and strips and also makes cables and conductors. The stock rose about 1.3 percent during this session to trade close to its 52-week high after rising about 140 percent from its 52-week low, and the P/E shown reflects the previous close. At a market capitalisation of Rs 5,930 Cr, it is tracked as part of the Electricals sector on Univest.
Is Ram Ratna Wires the Best Stock in Its Sector?
Ram Ratna Wires makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 18.47% ROE with a 46.40x P/E against the sector’s 12.80x Industry P/E. Ram Ratna Wires’ 46.40x P/E is far above the 12.80x Industry P/E, though that benchmark is unusually low and the multiple is in line with Precision Wires India in this comparison; an 18.47% ROE is strong, but a 10.23x price to book and a debt to equity ratio of 1.13 leave little room for disappointment.
| Metric | Ram Ratna Wires |
|---|---|
| CMP (NSE) | Rs 643.35 |
| 52-Week High / Low | Rs 662.85 / Rs 268.00 |
| Market Cap | Rs 5,930 Cr |
| P/E (TTM) vs Industry P/E | 46.40x vs 12.80x |
| P/B | 10.23 |
| ROE | 18.47% |
| EPS (TTM) | Rs 13.69 |
| Dividend Yield | 0.39% |
| Debt to Equity | 1.13 |
Compare Ram Ratna Wires Against Other Electricals Sector Stocks
How Ram Ratna Wires Compares Against Its Electricals Sector Peers
The table below sets Ram Ratna Wires against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Ram Ratna Wires | 5,930 | 46.40 | 18.47% | 1.13 |
| Precision Wires India | 9,159 | 52.46 | 20.10% | 0.38 |
| Paramount Communications | 1,849 | 30.37 | 7.68% | 0.16 |
| Peer average (2 companies) | – | 41.41 | 13.89% | 0.27 |
Against this peer set, Ram Ratna Wires’s 18.47% ROE is above the 13.89% peer average, and its P/E of 46.40x runs above the peer average of 41.41x. Ram Ratna Wires’ 46.40x P/E is far above the 12.80x Industry P/E, though that benchmark is unusually low and the multiple is in line with Precision Wires India in this comparison; an 18.47% ROE is strong, but a 10.23x price to book and a debt to equity ratio of 1.13 leave little room for disappointment.
What Makes Ram Ratna Wires Worth Watching in Electricals
- Strong ROE: An 18.47% ROE is well above most Electricals peers covered in this series.
- Leverage to watch: A debt to equity ratio of 1.13 is on the higher side for a wire manufacturer.
- Rich valuation after a sharp rally: A 46.40x P/E, alongside a 10.23x price to book, is demanding after the stock rose about 140 percent from its 52-week low.
Ram Ratna Wires Valuation: Is It Justified?
Ram Ratna Wires’ 46.40x P/E is far above the 12.80x Industry P/E, though that benchmark is unusually low and the multiple is in line with Precision Wires India in this comparison; an 18.47% ROE is strong, but a 10.23x price to book and a debt to equity ratio of 1.13 leave little room for disappointment. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Radhika Jeweltech the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Ram Ratna Wires and other Electricals sector stocks.
How to Track Ram Ratna Wires Before You Invest
Before deciding whether Ram Ratna Wires deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Ram Ratna Wires to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Ram Ratna Wires earns a place in the best stock in its sector conversation on the strength of a 18.47% ROE and a P/E of 46.40x against a 12.80x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Ram Ratna Wires the best stock in its sector?
Ans. Ram Ratna Wires has a 18.47% ROE and trades at 46.40x P/E against a 12.80x Industry P/E, and compares above the peer average ROE of 13.89% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Ram Ratna Wires?
Ans. Ram Ratna Wires was trading at Rs 643.35 on the NSE as of 06 October 2026, within its 52-week range of Rs 268.00 to Rs 662.85.
What sector does Ram Ratna Wires belong to?
Ans. Ram Ratna Wires is classified under the Electricals sector on Univest.
How does Ram Ratna Wires compare to its sector peers on P/E?
Ans. Ram Ratna Wires’s P/E of 46.40x is above the 41.41x average of the 2 named peers compared in this article.
What is Ram Ratna Wires’s return on equity?
Ans. Ram Ratna Wires reported a return on equity of 18.47%, which is above the 13.89% average of its named peers in this comparison.
Should I invest in Ram Ratna Wires based on its sector position?
Ans. Ram Ratna Wires’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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