Sharescart Research Club logo

Ramco Inds. Overview

Ramco Industries Ltd is an totally India-based Company, that is engaged inside the manufacture of fiber cement (FC) sheets and calcium silicate boards (CSBs). The Company’s segments consist of building products, fabric, and wind power generation. It is in preparation and spinning of cotton fiber which includes mixed cotton. The Company manufactures insulation boards of vegetable fiber, straw, or wooden waste, agglomerated with cement and other mineral binders. It is likewise engaged in sale of surplus energy generated from its windmills....Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Ramco Inds. Key Financials

Market Cap ₹2324 Cr.

Stock P/E 24.8

P/B 0.5

Current Price ₹267.6

Book Value ₹ 503.5

Face Value 1

52W High ₹398.1

Dividend Yield 0.37%

52W Low ₹ 222.6

Ramco Inds. Share Price

₹ | |

Volume
Price

Ramco Inds. Quarterly Price

Show Value Show %

Ramco Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 316 334 365 543 353 344 419 527 365 389
Other Income 3 3 4 3 3 4 6 3 4 3
Total Income 319 336 369 546 356 347 424 530 369 392
Total Expenditure 287 300 325 486 312 307 375 459 313 342
Operating Profit 32 36 44 60 45 41 50 71 56 50
Interest 6 7 6 4 3 5 5 5 4 5
Depreciation 9 9 10 9 9 9 9 9 9 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 18 20 28 47 33 27 35 57 43 36
Provision for Tax 10 7 8 11 19 12 7 12 23 15
Profit After Tax 8 13 20 36 13 16 29 46 20 22
Adjustments -12 13 24 3 4 73 7 20 21 90
Profit After Adjustments -4 26 44 39 17 89 36 66 41 112
Adjusted Earnings Per Share -0.5 3.2 5.2 4.7 2 10.3 4.1 7.6 4.7 12.9

Ramco Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 895 865 881 932 1036 974 1209 1460 1458 1501 1659 1700
Other Income 11 31 11 31 24 41 25 9 22 16 16 16
Total Income 906 896 891 963 1061 1015 1234 1469 1479 1517 1674 1715
Total Expenditure 814 785 764 814 909 871 1017 1235 1306 1346 1480 1489
Operating Profit 91 110 128 149 152 144 217 234 173 171 195 227
Interest 38 40 34 22 15 15 10 9 21 25 17 19
Depreciation 25 25 26 28 29 31 33 33 34 37 36 36
Exceptional Income / Expenses 10 12 12 13 0 5 0 0 3 0 0 0
Profit Before Tax 39 57 79 112 107 103 175 193 122 109 142 171
Provision for Tax 3 -0 24 33 33 34 59 66 14 36 48 57
Profit After Tax 36 57 55 79 75 69 116 127 108 73 94 117
Adjustments 54 134 149 97 99 101 163 176 16 33 87 138
Profit After Adjustments 90 192 205 176 173 170 279 303 124 106 181 255
Adjusted Earnings Per Share 10.4 22.1 23.6 20.3 20 19.6 32.2 34.9 14.3 12.2 20.8 29.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 4% 11% 6%
Operating Profit CAGR 14% -6% 6% 8%
PAT CAGR 29% -10% 6% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 28% 1% 9%
ROE Average 2% 2% 3% 3%
ROCE Average 4% 3% 4% 4%

Ramco Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 611 2523 2716 2885 3052 3209 3484 3759 3884 4061 4233
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 113 136 65 56 26 26 24 15 31 11 75
Other Non-Current Liabilities 39 6 16 35 15 27 48 68 59 60 61
Total Current Liabilities 401 394 467 339 371 452 412 452 491 450 450
Total Liabilities 1164 3059 3263 3315 3464 3713 3968 4294 4465 4583 4819
Fixed Assets 407 407 424 424 442 466 472 522 563 565 558
Other Non-Current Assets 288 2161 2290 2384 2492 2636 2865 3098 3091 3191 3358
Total Current Assets 470 491 550 507 530 611 631 674 811 827 903
Total Assets 1164 3059 3263 3315 3464 3713 3968 4294 4465 4583 4819

Ramco Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 40 37 65 55 44 64 64 77 90 73 87
Cash Flow from Operating Activities 89 79 47 126 88 36 190 88 -43 135 132
Cash Flow from Investing Activities -15 6 -9 13 -33 -63 -73 -138 -27 -21 -107
Cash Flow from Financing Activities -77 -57 -48 -150 -36 27 -104 63 54 -100 -11
Net Cash Inflow / Outflow -3 28 -9 -12 20 0 14 13 -17 14 14
Closing Cash & Cash Equivalent 37 65 55 44 64 64 77 90 73 87 101

Ramco Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.39 22.13 23.63 20.31 20 19.56 32.16 34.95 14.28 12.18 20.84
CEPS(Rs) 7.01 9.51 9.42 12.31 12 11.52 17.14 18.37 16.3 12.67 14.93
DPS(Rs) 0.3 0.8 0.5 0.5 0.5 0.5 1 1 1 0.75 1
Book NAV/Share(Rs) 70.52 291.14 313.4 332.96 352.19 370.33 402.01 433.64 447.42 467.8 487.51
Core EBITDA Margin(%) 8.24 8.4 12.09 12.07 12.15 10.43 15.91 15.41 10.42 10.21 10.69
EBIT Margin(%) 7.9 10.38 11.68 13.7 11.63 11.95 15.27 13.78 9.79 8.8 9.48
Pre Tax Margin(%) 3.98 6.1 8.2 11.48 10.2 10.46 14.48 13.19 8.35 7.15 8.47
PAT Margin (%) 3.72 6.1 5.71 8.08 7.09 6.98 9.59 8.67 7.38 4.81 5.6
Cash Profit Margin (%) 6.24 8.75 8.42 10.94 9.89 10.11 12.28 10.9 9.71 7.24 7.74
ROA(%) 3.28 2.72 1.75 2.4 2.2 1.92 3.02 3.06 2.46 1.61 1.99
ROE(%) 6.39 3.67 2.11 2.81 2.51 2.2 3.46 3.49 2.82 1.84 2.26
ROCE(%) 7.87 5 3.81 4.35 3.86 3.53 5.21 5.28 3.49 3.14 3.61
Receivable days 25.05 27.8 27.08 30.16 31.96 32.98 26.85 23.37 19.19 15.61 18.48
Inventory Days 100.27 113.08 119.65 117.21 99.18 118.96 110.32 98.7 127.32 145.67 132.66
Payable days 24.67 39.05 50.22 40.44 32.96 42.89 43.48 33.32 17.63 11.5 14.05
PER(x) 6.73 4.16 10.12 11.21 10.64 5.73 7.98 6.04 8.68 16.5 10.87
Price/Book(x) 0.99 0.32 0.76 0.68 0.6 0.3 0.64 0.49 0.28 0.43 0.46
Dividend Yield(%) 0.43 0.87 0.21 0.22 0.24 0.45 0.39 0.47 0.81 0.37 0.44
EV/Net Sales(x) 1.1 1.27 2.67 2.3 1.9 1.18 1.9 1.34 0.9 1.26 1.28
EV/Core EBITDA(x) 10.76 9.93 18.42 14.38 12.96 7.95 10.58 8.39 7.56 11.13 10.89
Net Sales Growth(%) 9.75 -3.35 1.87 5.82 11.21 -6.02 24.16 20.71 -0.16 3.01 10.48
EBIT Growth(%) 202.33 27.17 15.7 18.08 -8.49 -3.49 56.45 8.97 -29.11 -6.39 18.89
PAT Growth(%) 1275.44 58.69 -3.76 42.44 -5.42 -7.49 68.17 9.13 -14.93 -32.2 28.34
EPS Growth(%) 3022.3 113 6.75 -14.03 -1.55 -2.17 64.42 8.65 -59.12 -14.75 71.13
Debt/Equity(x) 0.68 0.14 0.12 0.07 0.06 0.07 0.04 0.06 0.08 0.06 0.06
Current Ratio(x) 1.17 1.24 1.18 1.5 1.43 1.35 1.53 1.49 1.65 1.84 2.01
Quick Ratio(x) 0.45 0.5 0.45 0.66 0.66 0.56 0.62 0.57 0.43 0.48 0.66
Interest Cover(x) 2.02 2.42 3.36 6.17 8.1 8.04 19.31 23.28 6.8 5.34 9.36
Total Debt/Mcap(x) 0.68 0.46 0.16 0.11 0.1 0.24 0.07 0.12 0.29 0.14 0.13

Ramco Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 53.88 54.81 54.81 54.81 54.81 54.81 54.81 54.79 54.79 54.79
FII 0.9 0.85 0.98 0.96 1.43 0.81 1.13 1.27 0.81 0.81
DII 4.18 4.18 4.18 4.18 4.18 4.19 3.85 3.51 3.25 3.34
Public 41.04 40.17 40.03 40.05 39.59 40.19 40.22 40.44 41.15 41.06
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ramco Inds. News

Ramco Inds. Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 11.5 to 14.05days.
  • The company has delivered a poor profit growth of 6% over past five years.
whatsapp