Ram Ratna Wires Ltd

Overview

• Standalone BRSR for FY2025-26 filed by Ram Ratna Wires Ltd (Scrip 522281).
• Reporting boundary: standalone; main activities include winding wires and copper tubes.
• Turnover breakdown: 72.03% insulated wire/cable, 21.52% copper products.

Key ESG Risks & Opportunities

• Material risks: resource efficiency, copper intensity, energy costs, safety, and vendor ESG risk.
• Mitigation: lean manufacturing, advanced machinery, renewable energy, energy audits, and HIRA safety studies.
• Opportunities: higher-margin products, R&D, and diversification into EV and renewable sectors.
• Regulatory compliance risk mitigated via robust monitoring and periodic audits.
• Financial implications include utility cost savings and potential revenue growth from value-added products.

Governance & Policy Highlights

• Board is the ESG oversight authority; no dedicated sustainability committee.
• Anti-Bribery/Anti-Corruption policy with zero-tolerance; Vigil Mechanism/Whistleblower policy.
• Policies extend to value chain partners; key policies board-approved; governance policies on website.
• Certifications include ISO 9001, IATF 16949, ISO 14001, ISO 45001; EcoVadis Silver badge.
• NGRBC alignment with periodic Board reviews; no external assurance obtained.
• No material penalties reported for 2025-26.

Social Responsibility & Workforce

• Total employees 275; total workers 1,767; permanent vs non-permanent breakdown provided.
• Board female representation 10%; KMP female 0%.
• Health & safety: LTIFR nil; ISO 45001 framework and biannual HIRA exercises.
• Well-being spend about 0.08% of revenue; retirement benefits include PF, gratuity, and ESIC.
• Differently-abled facilities and non-discrimination policy; vigil mechanism and multiple grievance channels.
• CSR turnover reported; focus on education and tribal development.

Environmental Performance

• Total energy: 346,084.69 GJ; renewables 29,227.64 GJ; non-renewables 316,857.05 GJ.
• Scope 1 emissions: 578.40 tCO2e; Scope 2 emissions: 60,923.29 tCO2e.
• Energy intensity: 0.121 tCO2e per ₹ lakh turnover; PPP-adjusted 2.464.
• Water: groundwater withdrawal 79,902 kl; discharge 3,549.1 kl; no surface water data.
• Waste: total 52.65 MT; hazardous waste 12.19 MT; incineration 12.19; other disposal 40.46.
• Wastewater: treatment via ETPs/STPs; treated water reused for non-potable uses; ZLD not implemented.
• Renewable capacity: 4 MW solar added; existing 1.35 MW solar and 2.1 MW wind.
• Air emissions: NOx 2.36 t, SOx 2.02 t, PM 5.77 t.
• Certifications: ISO 9001, IATF 16949, ISO 14001, ISO 45001; EcoVadis Silver badge.

Stakeholder Engagement & Complaints

• Stakeholders: customers, employees, suppliers, regulators, shareholders, communities.
• Engagement channels include emails, website forms, meetings; continuous for customers/employees; periodic for regulators.
• Customer complaints: 64 filed; 0 pending; resolved.
• Shareholders' complaints: 3 filed; 0 pending; resolved.
• Vigil Mechanism and whistleblower channels available for confidential reporting.

Other Notable Metrics

• Export share: 7.39% of total turnover.
• Affiliations: 8 industry chambers; top associations listed in governance disclosures.
• Life cycle assessments: none carried out as of FY2025-26.
• Sustainable sourcing: ~86.29% of inputs sourced sustainably.
• cyber security: framework being strengthened; rollout planned in coming period.
• Data privacy: no data breaches recorded in FY2025-26.
• Product information complies with industry standards and consumer safety labeling.

Financials

• Standalone revenue ₹5,07,610.97 Lakh, up 40% YoY.
• Consolidated revenue ₹5,17,664.98 Lakh, up 41% YoY.
• Standalone EBITDA ₹25,098.45 Lakh, up 66% YoY.
• Consolidated EBITDA ₹26,360.50 Lakh, up 69% YoY.
• Dividend recommended ₹2.50 per equity share.
• Standalone ROCE 23.55%.

Capacity & Portfolio

• Bhiwadi copper tubes plant started June 2025.
• Silvassa capex approved at ~₹86 Cr for capacity upgrades.
• CTC entry to participate in HVDC transformers, production in Q2‑2026.
• EV-focused conductors and Kapton‑covered litz wires added to Engineered Solutions portfolio.

Capital & Dividends

• Bonus issue of 4,66,74,536 shares; capital now ₹46.6745 Cr.
• Authorized share capital raised to ₹50 Cr; 9,33,49,072 shares issued.
• GCPL merger: 25,84,536 equity shares issued to GCPL shareholders.
• RRWL ESOP 2023: 2,52,000 options outstanding as of 31.03.2026.
• Final dividend of ₹2.50 per share proposed; record date 22‑Jul‑2026.

Debt & Liquidity

• Standalone borrowings ₹61,342.85 Lakh; current ₹36,323.59 Lakh; non‑current ₹25,019.26 Lakh.
• Consolidated borrowings: current ₹38,882.40 Lakh; non‑current ₹26,531.63 Lakh.
• Debt limit enhanced to ₹1,500 Cr under Section 180(1)(c).
• Net cash from financing ₹25,014.52 Lakh; operating cash flow was negative.

Governance & Leadership

• Board comprises 10 Directors; 5 Independent; Chairman is non‑executive.
• Payal Agarwal reappointed as Independent Director for second term (2026‑2031).
• KMP changes: Rajeev Maheshwari ceased CFO; Iqbal Singh Saggu appointed CFO from 1‑Apr‑2026; Sumeet Kabra & Hitesh Vaghela appointed to expanded roles.
• Statutory auditors: Bhagwagar Dalal & Doshi; Secretarial: Khanna & Co.; internal audit in place.

Subsidiaries & Joint Ventures

• Tefabo Product Pvt. Ltd. (subsidiary) 64% holding; turnover ₹1,007.29 Lakh; PAT ₹416.25 Lakh.
• Epavo Electricals Pvt. Ltd. (JV) 50%; RR‑Imperial Electricals Ltd. (Bangladesh) 10%.
• GCPL merger completed; 25,84,536 shares issued to GCPL shareholders.
• Group share of Epavo's profit ₹152.95 Lakh; RR‑Imperial’s ₹60.38 Lakh (2025‑26).

CSR & ESG

• CSR spend ₹157.00 Lakh; 2% of average net profit; set‑off ₹6.96 Lakh.
• HEMA Foundation: 126+ cities, ~5 lakh students, 52k active participants, 6k schools, 15k educators.
• EcoVadis: Silver rating, top 7% globally.
• CSR focus on education and social-emotional learning; JATF support.

Audit & Compliance

• Tax demands: ₹6,790.77 Lakh; appeals filed; no adjustments in financials.
• CARE Ratings: CARE A-; CARE A2+ (long/short term).
• Internal financial controls: adequate and operating effectively; no material penalties.
• Secretarial compliance and governance disclosures complete; interim certifications provided.

Dematerialisation/rematerialisation status

• Status of dematerialisation/rematerialisation processing and related actions not disclosed in the filing chunk.

Dividend record date and entitlement

• Record date: Wednesday, July 22, 2026, for Rs 2.50 per equity share.
• Security type: Equity Shares.
• Dividend amount subject to shareholder approval at the AGM.
• Payment on or before 1 September 2026 after tax deduction.
• Entitlement based on Register of Members or Beneficial Owners as on Record Date.