Ramco Industries Ltd
Part of the Chennai-based Ramco Group; Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.
- Market Cap ₹ 2,732 Cr.
- Current Price ₹ 314
- High / Low ₹ 398 / 215
- Stock P/E 27.8
- Book Value ₹ 153
- Dividend Yield 0.32 %
- ROCE 9.03 %
- ROE 7.28 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 10.9% over past five years.
- Company has a low return on equity of 7.13% over last 3 years.
- Earnings include an other income of Rs.51.1 Cr.
- Dividend payout has been low at 9.89% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Construction Materials Other Construction Materials Other Construction Materials
Part of BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 656 | 720 | 707 | 712 | 799 | 898 | 826 | 1,003 | 1,187 | 1,310 | 1,299 | 1,387 | 1,378 | |
| 617 | 680 | 667 | 639 | 709 | 794 | 753 | 850 | 1,016 | 1,186 | 1,195 | 1,274 | 1,251 | |
| Operating Profit | 39 | 40 | 40 | 73 | 90 | 104 | 73 | 153 | 171 | 124 | 104 | 113 | 127 |
| OPM % | 6% | 6% | 6% | 10% | 11% | 12% | 9% | 15% | 14% | 10% | 8% | 8% | 9% |
| 23 | 36 | 46 | 55 | 54 | 34 | 58 | 44 | 27 | 32 | 35 | 53 | 51 | |
| Interest | 34 | 37 | 40 | 34 | 22 | 15 | 15 | 9 | 9 | 19 | 24 | 17 | 18 |
| Depreciation | 43 | 19 | 20 | 21 | 23 | 25 | 26 | 28 | 29 | 31 | 35 | 33 | 34 |
| Profit before tax | -15 | 20 | 27 | 73 | 99 | 98 | 91 | 160 | 160 | 105 | 80 | 115 | 126 |
| Tax % | -59% | -6% | -23% | 18% | 27% | 25% | 28% | 31% | 33% | 8% | 25% | 23% | |
| -6 | 21 | 33 | 60 | 72 | 73 | 66 | 111 | 107 | 97 | 60 | 88 | 99 | |
| EPS in Rs | -0.69 | 2.42 | 3.85 | 6.91 | 8.31 | 8.45 | 7.56 | 12.78 | 12.34 | 11.21 | 6.87 | 10.18 | 11.35 |
| Dividend Payout % | -36% | 12% | 13% | 7% | 6% | 6% | 7% | 8% | 8% | 9% | 11% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 5% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 8% |
| 3 Years: | -6% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 5% |
| 3 Years: | 30% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 451 | 468 | 515 | 581 | 656 | 727 | 776 | 892 | 998 | 1,096 | 1,168 | 1,246 | 1,324 |
| 394 | 404 | 359 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 244 | 258 | 174 | |
| 102 | 126 | 127 | 186 | 197 | 203 | 239 | 283 | 276 | 243 | 221 | 248 | 248 | |
| Total Liabilities | 956 | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,641 | 1,760 | 1,754 |
| 370 | 370 | 376 | 396 | 395 | 415 | 439 | 447 | 498 | 537 | 538 | 532 | 523 | |
| CWIP | 6 | 3 | 14 | 2 | 5 | 1 | 19 | 34 | 17 | 11 | 5 | 4 | 12 |
| Investments | 203 | 213 | 236 | 241 | 247 | 260 | 281 | 337 | 397 | 400 | 441 | 538 | 557 |
| 377 | 419 | 385 | 472 | 427 | 451 | 524 | 517 | 594 | 708 | 657 | 686 | 662 | |
| Total Assets | 956 | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,641 | 1,760 | 1,754 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 80 | 62 | 23 | -1 | 109 | 52 | 10 | 119 | 21 | -37 | 87 | 52 | |
| -34 | 1 | 29 | 43 | 42 | -4 | -30 | -25 | -85 | -16 | 16 | -49 | |
| -46 | -68 | -49 | -46 | -150 | -44 | 27 | -103 | 63 | 56 | -99 | -10 | |
| Net Cash Flow | 0 | -5 | 2 | -4 | 1 | 4 | 7 | -9 | -1 | 2 | 3 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 35 | 36 | 38 | 40 | 38 | 35 | 32 | 34 | 17 | 19 | 26 |
| Inventory Days | 185 | 206 | 204 | 285 | 201 | 201 | 286 | 244 | 230 | 280 | 269 | 244 |
| Days Payable | 16 | 29 | 32 | 48 | 30 | 31 | 55 | 49 | 19 | 11 | 13 | 18 |
| Cash Conversion Cycle | 205 | 211 | 207 | 274 | 211 | 208 | 266 | 228 | 245 | 285 | 275 | 253 |
| Working Capital Days | 29 | 3 | 7 | 4 | 40 | 30 | 27 | 47 | 45 | 59 | 66 | 78 |
| ROCE % | 2% | 5% | 6% | 10% | 12% | 13% | 10% | 16% | 15% | 9% | 7% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb
- Unaudited Financial Results - Quarter And Nine Months Ended 31.12.2025 11 Feb
-
Announcement under Regulation 30 (LODR)-Acquisition
11 Feb - Board approved up to US$0.65M investment in Arc180 Fund I; US$0.35M invested on 29-Jan-2026.
-
Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2025
11 Feb - Unaudited Q3 and 9M FY2026 results: consolidated revenue Rs388.63cr Q3, 9M Rs1,280.94cr; consolidated 9M profit Rs218.63cr.
-
Announcement Under Regulation 30 Of SEBI (LODR) - Updates
30 Jan - Settled West Bengal entry-tax dispute; paid ₹2.21 crore, waived ₹7.29 crore interest; Supreme Court withdrawal received 29 Jan 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Business Segments