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 ₹ 3,183 Cr.
- Current Price ₹ 367
- High / Low ₹ 398 / 231
- Stock P/E 30.3
- Book Value ₹ 153
- Dividend Yield 0.34 %
- ROCE 10.3 %
- ROE 8.38 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 7.55% over past five years.
- Company has a low return on equity of 7.02% over last 3 years.
- Earnings include an other income of Rs.58.5 Cr.
- Dividend payout has been low at 10.2% 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 Commodities BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 720 | 707 | 712 | 799 | 898 | 826 | 1,003 | 1,184 | 1,310 | 1,299 | 1,387 | 1,444 | |
| 680 | 667 | 639 | 709 | 794 | 753 | 850 | 1,016 | 1,187 | 1,195 | 1,274 | 1,305 | |
| Operating Profit | 40 | 40 | 73 | 90 | 104 | 73 | 153 | 168 | 123 | 104 | 113 | 139 |
| OPM % | 6% | 6% | 10% | 11% | 12% | 9% | 15% | 14% | 9% | 8% | 8% | 10% |
| 36 | 46 | 55 | 54 | 34 | 58 | 44 | 30 | 32 | 35 | 53 | 59 | |
| Interest | 37 | 40 | 34 | 22 | 15 | 15 | 9 | 9 | 19 | 24 | 17 | 18 |
| Depreciation | 19 | 20 | 21 | 23 | 25 | 26 | 28 | 29 | 31 | 35 | 33 | 34 |
| Profit before tax | 20 | 27 | 73 | 99 | 98 | 91 | 160 | 160 | 104 | 80 | 115 | 146 |
| Tax % | -6% | -23% | 18% | 27% | 25% | 28% | 31% | 33% | 8% | 25% | 23% | 24% |
| 21 | 33 | 60 | 72 | 73 | 66 | 111 | 107 | 96 | 60 | 88 | 111 | |
| EPS in Rs | 2.42 | 3.85 | 6.91 | 8.31 | 8.45 | 7.56 | 12.78 | 12.34 | 11.04 | 6.87 | 10.18 | 12.81 |
| Dividend Payout % | 12% | 13% | 7% | 6% | 6% | 7% | 8% | 8% | 9% | 11% | 10% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | -1% |
| 3 Years: | 4% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 5% |
| 3 Years: | 28% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| Reserves | 468 | 515 | 581 | 656 | 727 | 776 | 892 | 998 | 1,096 | 1,168 | 1,246 | 1,324 |
| 404 | 359 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 244 | 258 | 174 | |
| 126 | 127 | 186 | 197 | 203 | 239 | 283 | 293 | 243 | 221 | 248 | 248 | |
| Total Liabilities | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,524 | 1,656 | 1,641 | 1,760 | 1,754 |
| 370 | 376 | 396 | 395 | 415 | 439 | 447 | 498 | 537 | 538 | 532 | 523 | |
| CWIP | 3 | 14 | 2 | 5 | 1 | 19 | 34 | 17 | 11 | 5 | 4 | 12 |
| Investments | 213 | 236 | 241 | 247 | 260 | 281 | 337 | 397 | 400 | 441 | 538 | 557 |
| 419 | 385 | 472 | 427 | 451 | 524 | 517 | 612 | 708 | 657 | 686 | 662 | |
| Total Assets | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,524 | 1,656 | 1,641 | 1,760 | 1,754 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 23 | -1 | 109 | 52 | 10 | 119 | 21 | -37 | 87 | 52 | 94 | |
| 1 | 29 | 43 | 42 | -4 | -30 | -25 | -85 | -16 | 16 | -49 | 37 | |
| -68 | -49 | -46 | -150 | -44 | 27 | -103 | 63 | 56 | -99 | -10 | -114 | |
| Net Cash Flow | -5 | 2 | -4 | 1 | 4 | 7 | -9 | -1 | 2 | 3 | -8 | 18 |
| Free Cash Flow | 43 | -13 | -30 | 99 | 10 | -53 | 66 | -43 | -99 | 57 | 25 | 50 |
| CFO/OP | 157% | 55% | -6% | 111% | 52% | 20% | 81% | 15% | -25% | 85% | 50% | 70% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 36 | 38 | 40 | 38 | 35 | 32 | 34 | 17 | 19 | 26 | |
| Inventory Days | 206 | 204 | 285 | 201 | 201 | 286 | 244 | 230 | 280 | 269 | 244 | |
| Days Payable | 29 | 32 | 48 | 30 | 31 | 55 | 49 | 30 | 11 | 13 | 18 | |
| Cash Conversion Cycle | 211 | 207 | 274 | 211 | 208 | 266 | 228 | 234 | 285 | 275 | 253 | |
| Working Capital Days | 3 | 7 | 4 | 40 | 30 | 27 | 47 | 45 | 59 | 66 | 78 | |
| ROCE % | 5% | 6% | 10% | 12% | 13% | 10% | 16% | 15% | 9% | 7% | 9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cotton Yarn Production Volume Lakh Kgs |
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| Cotton Yarn Sales Volume Lakh Kgs |
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| Fibre Cement Sheets Production Volume MT |
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| Fibre Cement Sheets Sales Volume MT |
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| Wind Power Generation Lakh Units |
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| Calcium Silicate Boards Sales Volume MT |
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| Number of Dealers / Distributors count |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Submitted Regulation 74(5) compliance certificate for quarter ended 30 June 2026; no rematerialization requests.
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Announcement under Regulation 30 (LODR)-Change in Management
6 Jul - Shareholders approved reappointment of Ajay Bhaskar Baliga as independent director for five years from 27 July 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Jul
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 Jul
- Closure of Trading Window 27 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Business Segments