R R Kabel Limited IPO Review & Recommendations
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R R Kabel Limited IPO Review
R R Kabel Limited, formerly known as Ram Ratna Agro-Plast Limited, was founded in 1995. R R Kabel Ltd IPO is a leading company in the electrical industry, that has been operating services in this industry for more than 20 years in India. R R Kabel is the most rapidly growing company in the electrical services and products industry. R R Kabel is India's fifth-largest wires and cables manufacturer and supplier, with a 5% market share in terms of value as of March 31, 2023. R R Kabel generates revenue from business-to-consumer ("B2C") sales of wires and cables, with around 74% of revenue coming from B2C as of March 31, 2023. In the year 2022, R R Kabel has achieved the title of the leading exporter of wires and cables from India, holding 9% market share of the Indian wire and cable export market. R R Kebals also has the largest network of electricians, covering 271,264 electricians across India.
R R Kabel Limited IPO Products and Services
R R Kabel is a leading manufacturer and supplier of electronic products, such as lighting, fans, switches, super flexible cables, premium electrical products, appliances, commercial lighting, and more. R R Kabel has multiple brands of electrical products and appliances. R R Kabel products are certified by 35 international product certification authorities. R R Kabel is a prominent supplier of wires and cables in India that exports wire and cables worldwide. R R Kabel's products are built with high-quality materials that make it a premium brand in the business of electrical products. With a focus on quality, innovation, and customer satisfaction, R R Kabel Limited's products and services play a crucial role in powering and connecting the modern world.
Financial Overview
R R Kabel Ltd IPO has demonstrated significant growth and financial performance in the fiscal years ending on March 31, 2021, 2022, and 2023, as well as during the three-month periods ending on June 30, 2022, and 2023. The company witnessed a notable rise in revenue from operations, reaching ₹55,992.00 million in 2023, reflecting a substantial growth of 27.66% compared to the previous year. The profit for the year or period also exhibited positive trends, with 2023 showcasing a profit of ₹1,898.72 million. Segment-wise, the wires and cables division reported a segment profit before tax and interest of ₹3,515.83 million in 2023, showcasing an impressive growth trajectory. The company also managed its finances efficiently, as evidenced by the decreasing debt-to-equity ratio, indicating prudent financial management, and a strong asset turnover ratio, signifying effective utilization of fixed assets. The growth in wire and cable volume further underlines the company's expanding market presence and demand for its products. Overall, R R Kabel continues to demonstrate solid financial performance, strategic growth, and prudent financial management in the dynamic electrical and wiring industry, So it is the best choice for investors to invest in an IPO.
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