Western India Plywoods Ltd
Plywood Boards/Laminates | Small Cap
Health Score : 5.45Western India Plywoods Ltd, operating in the General Industrials sector, demonstrates a mixed financial performance. The company shows strengths in solvency and asset growth, indicating a stable financial structure and significant expansion. However, areas such as profitability and revenue growth need attention. While the company maintains a reasonable debt level, its profitability metrics are relatively low. Overall, Western India Plywoods exhibits a capacity for growth but needs to enhance its operational efficiency and profitability to achieve a more robust financial standing. The weighted average calculation method considers recent performance more heavily, influencing these assessments.
Latest Report
View AllThe Latest Reports Are Not Available at the Moment. We’ll Notify You Once They’re Available.
Latest News
View AllThe Latest News Is Not Available at the Moment. We’ll Notify You Once It’s Available.
- Valuation MetricsNeutral
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio5.40
- Financial Ratio5.40
- Profitability Ratio2.50
- Efficiency Ratio4.00
- Coverage Ratio8.00
- Solvency Ratio10.00
- Liquidity Ratio0.00
- Peer Assessment
- Management AssessmentBalanced
- Risk AssessmentBalanced
- 1 HourNeutral
- 2 HoursBullish
- 4 HoursBullish
- 1 DayStrong Bullish
- 1 WeekBullish
- 1 MonthNeutral
Health Score : 5.45Western India Plywoods Ltd, operating in the General Industrials sector, demonstrates a mixed financial performance. The company shows strengths in solvency and asset growth, indicating a stable financial structure and significant expansion. However, areas such as profitability and revenue growth need attention. While the company maintains a reasonable debt level, its profitability metrics are relatively low. Overall, Western India Plywoods exhibits a capacity for growth but needs to enhance its operational efficiency and profitability to achieve a more robust financial standing. The weighted average calculation method considers recent performance more heavily, influencing these assessments.
Overall Valuation Score
P/E RATIO (TTM)
57.98
Industry Median
29.81
Small Cap Median
28.73
P/E RATIO
45.15
P/B RATIO
2.82
Industry Median
4.45
Small Cap Median
4.37
P/S RATIO
N/A
Industry Median
2.73
Small Cap Median
2.61
Others
PEG RATIO
2.41
EV/EBITDA RATIO
18.09
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹149 as on Feb 20, 2026.
Unlock Live Chart
Please login to view interactive real-time technical charts powered by TradingView.
Markets Depth NSE
Buy Orders
Bid
Quantity
Orders
No buy depth
Total
0
0
Sell Orders
Ask
Quantity
Orders
No sell depth
Total
0
0
Markets Today NSE
High
0.00
Low
0.00
Open
0.00
Close
0.00
Prev Close
0.00
Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
0.00
Today's Low
0.00
Today's High
Growth Score : 5.40The company demonstrates strong growth. The company is experiencing substantial asset and net income growth, indicating significant expansion and improved profitability. However, revenue and operating profit growth are more modest, and the persistent negative EPS growth is a concern. The weighted average calculation method highlights the recent positive trends in asset and net income growth.
Revenue Growth RatePoorOperating Profit Growth RateAverageEarnings Per Share (EPS) GrowthPoor
Asset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | N/A | N/A | N/A | N/A | N/A |
| Operating Profit Growth Rate | -33.33 | 0 | 75 | 0 | 0 |
| Earnings Per Share (EPS) Growth | -121.09 | -283.87 | 656.14 | -7.66 | -17.09 |
| Asset Growth Rate | N/A | -2.94 | 6.06 | 8.57 | 5.26 |
| Net Income Growth Rate | N/A | N/A | N/A | N/A | N/A |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Financial Score : 5.40The company shows good financial standing. While capital expenditures are well-managed, earnings per share and book value need improvement to enhance overall financial strength.The company is making substantial investments in its business, which could drive future growth. However, earnings and shareholder value metrics need improvement to attract and retain investors.
Adjusted Earnings Per Share (Adjusted EPS)WeakCash Earnings Per Share (Cash EPS)WeakBook Value Per ShareAverageDividend Per Share (DPS)WeakCapital Expenditures (CapEx)Excellent| Financial Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | N/A | N/A | N/A | N/A | N/A |
| Cash Earnings Per Share (Cash EPS) | N/A | N/A | N/A | N/A | N/A |
| Book Value Per Share | 48.75 | 47.5 | 51.25 | 53.75 | 56.25 |
| Dividend Per Share (DPS) | 0.81 | 0.81 | 0 | 1.19 | 1.19 |
| Capital Expenditures (CapEx) | 0 | 0 | 0 | 0 | 0 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
Profitability Score : 2.50The company's profitability metrics. Gross profit margin is acceptable, returns on capital and equity are not so high. The weighted average calculation method emphasizes recent performance, highlighting the need for current improvements in profitability.
Gross Profit MarginWeakReturn on Capital Employed (ROCE)PoorReturn on Equity (ROE)PoorReturn on Assets (ROA)WeakOperating MarginPoorNet MarginPoor| Profitability Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Gross Profit Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Capital Employed (ROCE) | N/A | N/A | N/A | N/A | N/A |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A |
| Return on Assets (ROA) | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
Efficiency Score : 4.00The company has some issues in efficiency. While receivables turnover is moderate, indicating reasonable credit and collection practices, inventory management is a concern. The company needs to improve its inventory turnover to reduce holding costs and free up working capital. The weighted average calculation method emphasizes recent data, highlighting the need for current improvements.
Inventory Turnover RatioPoorReceivables Turnover RatioAverageDays Sales in Inventory RatioPoorReceivable DaysAverage| Efficiency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Inventory Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover Ratio | N/A | N/A | N/A | N/A | N/A |
| Days Sales in Inventory Ratio | N/A | N/A | N/A | N/A | N/A |
| Receivable Days | N/A | N/A | N/A | N/A | N/A |
| Capital Turnover Ratio | 0 | 0 | 0 | 0 | 0 |
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Coverage Score : 8.00The company's ability to cover its interest expenses is strong, indicating a low risk of financial distress. The company's ability to meet its interest obligations provides a buffer against fluctuations in earnings and assures creditors of the company's financial health.
Interest Coverage RatioGood| Coverage Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 2 | 1 | 2 | 6 | 6 | 5 |
| Equity Dividend Coverage Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
Interest Coverage Ratio
Solvency Score : 10.00The company's solvency position is strong, indicating a low risk of financial distress. This level of solvency suggests that the company is well-positioned to meet its long-term obligations and has a stable capital structure. The low debt levels provide financial flexibility but might also indicate missed opportunities for leveraging debt to enhance returns.
Debt RatioExcellentDebt to Equity RatioExcellentInterest Coverage RatioExcellent| Solvency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debt Ratio | 0 | 0 | 0 | 0 | 0 |
| Debt to Equity Ratio | 0 | 0 | 0 | 0 | 0 |
| Equity Ratio | 1 | 1 | 1 | 1 | 1 |
| Debt To Asset Ratio | 0 | 0 | 0 | 0 | 0 |
Debt Ratio
Debt to Equity Ratio
Interest Coverage Ratio
Liquidity Score : 0.00There is no data available.
Current RatioAverageQuick RatioAverageCash RatioAverage| Liquidity Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Current Ratio | N/A | N/A | N/A | N/A | N/A |
| Quick Ratio | N/A | N/A | N/A | N/A | N/A |
| Cash Ratio | N/A | N/A | N/A | N/A | N/A |
| Operating Cash Flow Ratio | N/A | N/A | N/A | N/A | N/A |
Current Ratio
Quick Ratio
Cash Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Western India Plywoods Ltd | 5.45 | 45.15 | Neutral | 7.00 | 3.88 | 3.00 |
Balanced ManagementThe management effectiveness of Western India Plywoods Ltd. shows a combination of strengths and weaknesses. The company has demonstrated stable revenue, good returns on equity, and an efficient cash conversion cycle. However, there are concerning trends, such as decreasing DII holdings and moderate debt levels. Overall, the company's management performance is mixed, requiring attention to both its advantages and potential vulnerabilities.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Sales Growth | 8.15% to 1.10% | Revenue expansion is consistent |
| Return on Equity | 3% to 8% | Shareholder funds are yielding good returns | |
| Cash Conversion Cycle | 348 to 136 | Working capital management is efficient | |
| CONS | DII Holdings | 10.80% to 2.67% | Institutional investor confidence is declining |
| Debt/Equity Ratio | Moderate | Moderate leverage |
Financial Performance & GrowthAverageCapital Efficiency & ReturnsGoodFinancial Health & PrudenceAverageShareholding & Ownership StructureAverageFinancial Performance & Growth
Western India Plywoods Ltd. has demonstrated inconsistent financial performance over the past decade. While sales have shown modest growth, profitability has been volatile. The compounded sales growth shows a fluctuating pattern.
| Metric | 2014–2016 | 2017–2019 | 2020–2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Sales Growth (%) | 2.1% | 1.5% | 1.6% | 8.15% | 1.10% |
Capital Efficiency & Returns
Western India Plywoods Ltd. exhibits moderate capital efficiency and returns. The Return on Capital Employed (ROCE) has fluctuated, indicating variability in the company's ability to generate profits from its capital investments. While the Return on Equity (ROE) shows an increasing trend, it remains at a moderate level. The cash conversion cycle demonstrates the efficiency of working capital management.
| Metric | 2013-2015 | 2016-2018 | 2019-2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| ROCE (%) | 8.67% | 3.67% | 4.33% | 4% | 11% | 10% |
Financial Health & Prudence
Western India Plywoods Ltd. maintains a moderate financial health profile. The debt-to-equity ratio indicates a moderate level of financial leverage, which could pose risks if not managed carefully.
| Metric | 2013–2015 | 2016–2018 | 2019–2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Debt/Equity | Moderate | Moderate | Moderate | Moderate | Moderate | Moderate |
Shareholding & Ownership Structure
The shareholding pattern of Western India Plywoods Ltd. reveals a moderate level of promoter holding, indicating alignment with shareholder interests. However, there is a declining trend in DII holdings, which could be a concern. The increasing public holding suggests a shift in ownership dynamics. The rising number of shareholders indicates growing investor interest.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter Holding (%) | 42.05% | 41.35% | 41.08% | 40.78% | 41.01% | 40.96% | 40.98% | 40.79% | 40.79% |
| DII Holding (%) | 10.80% | 12.14% | 11.65% | 11.34% | 8.64% | 6.12% | 4.22% | 3.08% | 2.67% |
Balanced RiskThe risk assessment for Western India Plywoods Ltd. indicates a moderate level of risk due to segment performance volatility present in the quarterly results and profit loss statements. The risk profile is rated as orange, reflecting the need for careful monitoring and proactive risk management practices.
Segment performance volatilityAverageForeign exchange or interest rate exposureAverageRegulatory compliance cost trendsAverageSegment performance volatility
Segment performance volatility is evident in the quarterly results and profit loss statements of Western India Plywoods Ltd. The fluctuations in sales, expenses, and net profit across different quarters indicate variability in the company's financial performance. This variability highlights the necessity for strategic adjustments to stabilize segment performance.
Foreign exchange or interest rate exposure
Western India Plywoods Ltd. has borrowings which indicate potential interest rate exposure. Fluctuations in interest rates could impact the company's profitability and financial stability. The company's financial performance could be affected by these exposures.
Regulatory compliance cost trends
There is no specific data available on regulatory compliance cost trends for Western India Plywoods Ltd. Therefore, assessing the regulatory compliance cost trends is not possible based on the provided data.
0 Credits RemainingUnlock Deep Technical Insights in Seconds Only with Dhanarthi AI
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 10160.76Bullish
- SMA 20158.18Bullish
- SMA 50153.94Bullish
- EMA 10161.39Bullish
- EMA 20159.02Bullish
- EMA 50155.53Bullish
- DEMA 10164.09Bearish
- DEMA 20162.59Bearish
- DEMA 50159.02Bullish
- TEMA 10164.71Bearish
- TEMA 20163.97Bearish
- TEMA 50161.21Bullish
- MACD2.81Bullish
- ADX27.30Strong Trend
- IndicatorValueSignal
- RSI60.43Neutral
- CCI125.92Overbought
- ROC 92.85Bullish
- ROC 144.84Bullish
- ROC 254.17Bullish
- Stoch K85.94Overbought
- Stoch D91.12Overbought
- IndicatorValueSignal
- BB Upper165.75Neutral
- BB Middle158.18Neutral
- BB Lower150.61Neutral
- ATR3.30High Volatility
- IndicatorValueSignal
- MFI80.88Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 10158.92Bullish
- SMA 20156.22Bullish
- SMA 50152.87Bullish
- EMA 10159.60Bullish
- EMA 20157.05Bullish
- EMA 50153.93Bullish
- DEMA 10162.67Bearish
- DEMA 20160.63Bullish
- DEMA 50156.64Bullish
- TEMA 10163.62Bearish
- TEMA 20162.44Bullish
- TEMA 50159.01Bullish
- MACD2.88Bullish
- ADX48.92Strong Trend
- IndicatorValueSignal
- RSI63.64Neutral
- CCI189.90Overbought
- ROC 94.64Bullish
- ROC 146.20Bullish
- ROC 2510.54Bullish
- Stoch K74.64Neutral
- Stoch D64.37Neutral
- IndicatorValueSignal
- BB Upper163.98Neutral
- BB Middle156.22Neutral
- BB Lower148.47Neutral
- ATR4.64Low Volatility
- IndicatorValueSignal
- MFI85.65Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 10156.07Bullish
- SMA 20152.65Bullish
- SMA 50150.28Bullish
- EMA 10157.04Bullish
- EMA 20154.53Bullish
- EMA 50152.50Bullish
- DEMA 10160.57Bullish
- DEMA 20157.57Bullish
- DEMA 50153.48Bullish
- TEMA 10162.33Bullish
- TEMA 20159.75Bullish
- TEMA 50N/AN/A
- MACD2.58Bullish
- ADX48.19Strong Trend
- IndicatorValueSignal
- RSI63.88Neutral
- CCI217.99Overbought
- ROC 98.25Bullish
- ROC 149.80Bullish
- ROC 256.90Bullish
- Stoch K56.05Neutral
- Stoch D49.30Neutral
- IndicatorValueSignal
- BB Upper162.15Overbought
- BB Middle152.65Neutral
- BB Lower143.15Neutral
- ATR6.59Low Volatility
- IndicatorValueSignal
- MFI94.25Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Market Sentiment
Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 10151.64Bullish
- SMA 20150.25Bullish
- SMA 50152.89Bullish
- SMA 100151.28Bullish
- SMA 200155.92Bullish
- EMA 10152.87Bullish
- EMA 20151.78Bullish
- EMA 50151.70Bullish
- EMA 100152.37Bullish
- EMA 200155.53Bullish
- DEMA 10154.85Bullish
- DEMA 20152.51Bullish
- DEMA 50151.42Bullish
- DEMA 100150.21Bullish
- DEMA 200148.67Bullish
- TEMA 10156.21Bullish
- TEMA 20153.92Bullish
- TEMA 50151.71Bullish
- TEMA 100151.73Bullish
- TEMA 200147.29Bullish
- MACD0.83Bullish
- ADX17.54Weak Trend
- IndicatorValueSignal
- RSI60.35Neutral
- CCI99.59Neutral
- ROC 143.22Bullish
- ROC 252.36Bullish
- Stoch K40.56Neutral
- Stoch D51.08Neutral
- IndicatorValueSignal
- BB Upper158.68Neutral
- BB Middle150.25Neutral
- BB Lower141.82Neutral
- ATR8.89Low Volatility
- IndicatorValueSignal
- MFI75.78Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 20152.11Bullish
- SMA 50155.95Bearish
- EMA 20152.96Bullish
- EMA 50157.00Bearish
- DEMA 20151.62Bullish
- DEMA 50150.37Bullish
- TEMA 20153.12Bullish
- TEMA 50146.37Bullish
- MACD-0.85Bullish
- ADX14.02Weak Trend
- IndicatorValueSignal
- RSI49.16Neutral
- CCI-47.48Neutral
- ROC 141.43Bullish
- ROC 257.90Bullish
- Stoch K36.55Neutral
- Stoch D31.23Neutral
- IndicatorValueSignal
- BB Upper160.59Neutral
- BB Middle152.11Neutral
- BB Lower143.63Neutral
- ATR14.69Low Volatility
- IndicatorValueSignal
- MFI77.72Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 6150.51Bullish
- SMA 12155.95Bearish
- SMA 24171.77Bearish
- EMA 6153.36Bearish
- EMA 12157.36Bearish
- EMA 24158.13Bearish
- DEMA 6150.61Bullish
- DEMA 12151.03Bullish
- DEMA 24166.51Bearish
- TEMA 6152.21Bullish
- TEMA 12146.34Bullish
- TEMA 24153.31Bearish
- MACD16.75Bearish
- ADX28.79Strong Trend
- IndicatorValueSignal
- RSI52.63Neutral
- CCI18.97Neutral
- ROC 25-2.59Bearish
- ROC 50164.76Bullish
- Stoch K19.31Oversold
- Stoch D43.38Neutral
- IndicatorValueSignal
- BB Upper220.13Neutral
- BB Middle169.66Neutral
- BB Lower119.20Neutral
- ATR31.16Low Volatility
- IndicatorValueSignal
- MFI71.66Neutral