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Ramky Infrastructure Overview

Ramky Infrastructure Ltd is an primarily India based construction organization. The Company is an incorporated construction, infrastructure development and management organisation. The Company has delivered a number of construction and infrastructure initiatives in numerous sectors consisting of water, wastewater, transportation, irrigation, industrial construction, parks (which includes SEZs), power transmission and power distribution, residential, commercial, and retail property.

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Ramky Infrastructure Key Financials

Market Cap ₹3474 Cr.

Stock P/E 16.5

P/B 1.6

Current Price ₹502

Book Value ₹ 308.3

Face Value 10

52W High ₹706.5

Dividend Yield 0%

52W Low ₹ 420.1

Ramky Infrastructure Share Price

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Volume
Price

Ramky Infrastructure Quarterly Price

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Ramky Infrastructure Peer Comparison

Ramky Infrastructure 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 582 441 581 569 527 459 489 379 472 489
Other Income 41 40 43 36 36 40 55 61 57 62
Total Income 622 480 624 605 563 499 544 440 529 551
Total Expenditure 401 364 486 453 399 369 487 303 389 413
Operating Profit 221 117 138 152 164 129 57 137 140 138
Interest 46 45 28 29 30 26 35 22 18 18
Depreciation 12 12 13 12 13 13 13 14 15 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 164 59 97 111 122 90 8 101 108 105
Provision for Tax 43 22 40 40 39 31 12 24 32 27
Profit After Tax 121 38 58 71 83 60 -3 77 76 78
Adjustments -8 -1 -0 -3 -5 -3 -1 -3 -0 1
Profit After Adjustments 113 36 57 68 78 56 -5 74 75 79
Adjusted Earnings Per Share 16.3 5.3 8.3 9.8 11.3 8.1 -0.7 10.8 10.9 11.3

Ramky Infrastructure 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 1644 2048 1719 1578 1749 1387 1056 1459 1705 2161 2045 1829
Other Income 62 508 391 525 255 169 185 322 161 160 166 235
Total Income 1706 2556 2109 2103 2003 1556 1241 1781 1867 2321 2210 2064
Total Expenditure 1812 2122 1601 1568 1574 1432 954 1253 1367 1650 1708 1592
Operating Profit -105 434 508 535 429 123 287 527 499 670 502 472
Interest 515 397 399 369 378 341 325 373 363 158 120 93
Depreciation 92 66 59 55 48 45 32 31 42 48 51 57
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 1294 0 0 0
Profit Before Tax -712 -29 50 111 3 -263 -70 123 1389 463 331 322
Provision for Tax -230 6 34 45 3 3 -89 83 237 142 121 95
Profit After Tax -483 -35 16 66 -0 -266 19 40 1153 321 210 228
Adjustments -0 -11 -22 -37 15 68 0 -16 -12 -13 -13 -3
Profit After Adjustments -483 -47 -6 29 15 -198 20 24 1141 308 197 223
Adjusted Earnings Per Share -84.4 -8.2 -1.1 5 2.5 -28.6 2.8 3.4 164.8 44.5 28.5 32.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 12% 8% 2%
Operating Profit CAGR -25% -2% 32% 0%
PAT CAGR -35% 74% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 7% 49% 24%
ROE Average 12% 56% 38% 8%
ROCE Average 18% 35% 27% 16%

Ramky Infrastructure 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 802 356 350 410 448 321 340 276 1412 1712 1904
Minority's Interest 117 123 117 121 106 23 23 124 136 152 165
Borrowings 2027 2439 2102 2012 2048 1794 1591 387 369 580 122
Other Non-Current Liabilities -314 -357 -361 -25 -125 -56 -166 -154 57 146 136
Total Current Liabilities 3524 2415 2983 2164 1861 1947 2200 3583 2562 1339 1553
Total Liabilities 6156 4976 5191 4682 4339 4030 3987 4216 4535 4199 4134
Fixed Assets 1315 354 303 298 280 239 202 265 329 217 206
Other Non-Current Assets 1881 1910 2066 2271 2230 2102 1804 1678 1945 1793 1787
Total Current Assets 2961 2712 2822 2112 1829 1689 1980 2273 2262 1501 1368
Total Assets 6156 4976 5191 4682 4339 4030 3987 4216 4535 4199 4134

Ramky Infrastructure 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 81 118 143 80 59 92 190 187 52 797 85
Cash Flow from Operating Activities 149 -160 350 421 404 263 222 278 2611 370 373
Cash Flow from Investing Activities 29 75 78 -21 106 30 1 -85 -215 -72 -11
Cash Flow from Financing Activities -158 110 -491 -421 -477 -195 -227 -327 -1650 -1011 -380
Net Cash Inflow / Outflow 20 25 -63 -21 33 98 -3 -135 745 -712 -18
Closing Cash & Cash Equivalent 101 143 80 59 92 190 187 52 797 85 67

Ramky Infrastructure 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) -84.43 -8.16 -1.06 5 2.51 -28.62 2.83 3.41 164.83 44.48 28.54
CEPS(Rs) -68.33 5.36 13.15 21.2 8 -31.88 7.44 10.33 172.61 53.39 37.79
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 140.21 62.22 61.18 66.3 70.97 46.33 49.1 39.9 204.01 247.43 275.2
Core EBITDA Margin(%) -10.19 -3.62 6.85 0.66 9.99 -3.27 9.71 14.07 19.83 23.61 16.45
EBIT Margin(%) -12 17.95 26.13 30.41 21.81 5.61 24.16 33.99 102.75 28.78 22.07
Pre Tax Margin(%) -43.32 -1.41 2.91 7.04 0.18 -18.97 -6.59 8.4 81.47 21.45 16.19
PAT Margin (%) -29.36 -1.72 0.92 4.17 -0 -19.18 1.84 2.74 67.6 14.86 10.3
Cash Profit Margin (%) -23.77 1.5 4.38 7.68 2.74 -15.9 4.87 4.9 70.05 17.1 12.79
ROA(%) -7.77 -0.63 0.31 1.33 -0 -6.36 0.49 0.98 26.34 7.35 5.05
ROE(%) -47.45 -6.09 4.48 18.05 -0.01 -71.38 5.9 13 136.59 20.56 11.64
ROCE(%) -4.41 9.14 12.81 14.09 11.65 2.61 9.39 19.67 64.16 22.18 17.97
Receivable days 219.29 177.13 233.59 246.74 161.62 127.87 120.55 96.92 87.78 66.73 70.48
Inventory Days 265.09 157.39 133 121.07 94.88 72.74 53.72 39.56 37.11 24.74 20.28
Payable days 813.41 478.91 861.52 1178.78 903.12 642.55 1297.23 0 0 0 0
PER(x) 0 0 0 34.74 42.42 0 27.63 51.87 1.77 10.93 15.7
Price/Book(x) 0.28 0.95 1.67 2.62 1.5 0.46 1.59 4.44 1.43 1.96 1.63
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.29 1.67 2.07 2.46 1.81 1.71 2.45 2.07 1.65 1.87 1.72
EV/Core EBITDA(x) -35.73 7.87 7 7.25 7.38 19.2 9.01 5.74 5.62 6.04 6.99
Net Sales Growth(%) -31.54 24.58 -16.09 -8.15 10.79 -20.68 -23.85 38.09 16.9 26.71 -5.37
EBIT Growth(%) 21.83 286.33 22.13 6.88 -20.55 -79.59 227.9 94.27 253.38 -64.51 -27.45
PAT Growth(%) -14.19 92.69 144.86 315.88 -100.07 0 107.32 105.56 2779.79 -72.14 -34.44
EPS Growth(%) -16.42 90.33 87.06 573.13 -49.73 -1238.97 109.88 20.74 4728.64 -73.01 -35.83
Debt/Equity(x) 4.58 9.05 8.81 7.83 6.41 7.7 6.78 7.69 1.17 0.49 0.3
Current Ratio(x) 0.84 1.12 0.95 0.98 0.98 0.87 0.9 0.63 0.88 1.12 0.88
Quick Ratio(x) 0.54 0.83 0.77 0.74 0.77 0.78 0.83 0.59 0.81 1.03 0.81
Interest Cover(x) -0.38 0.93 1.13 1.3 1.01 0.23 0.79 1.33 4.83 3.92 3.76
Total Debt/Mcap(x) 16.41 9.56 5.29 2.99 4.27 16.72 4.26 1.73 0.82 0.25 0.18

Ramky Infrastructure Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 69.81 69.81 69.81 69.81 69.81 69.81 69.81 69.81 69.81 69.81
FII 0.55 0.61 0.3 0.46 0.74 1.22 1.48 1.3 1.23 1.85
DII 0.44 0.48 0.48 0.68 0.51 0.61 0.7 0.79 0.79 0.91
Public 29.2 29.1 29.41 29.05 28.94 28.36 28.01 28.11 28.17 27.44
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ramky Infrastructure News

Ramky Infrastructure Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 56%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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