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 ₹ 2,004 Cr.
- Current Price ₹ 231
- High / Low ₹ 274 / 121
- Stock P/E 23.4
- Book Value ₹ 134
- Dividend Yield 0.43 %
- ROCE 9.10 %
- ROE 8.87 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 27.8 to 17.0 days.
- Promoter holding has increased by 0.93% over last quarter.
Cons
- Tax rate seems low
- Company has a low return on equity of 10.9% over last 3 years.
- Earnings include an other income of Rs.41.3 Cr.
* 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
Sector: Cement - Products Industry: Cement Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
663 | 761 | 656 | 720 | 707 | 712 | 799 | 898 | 826 | 1,003 | 1,187 | 1,310 | 1,297 | |
577 | 663 | 617 | 680 | 667 | 639 | 709 | 794 | 753 | 850 | 1,016 | 1,187 | 1,195 | |
Operating Profit | 86 | 98 | 39 | 40 | 40 | 73 | 90 | 104 | 73 | 153 | 171 | 123 | 102 |
OPM % | 13% | 13% | 6% | 6% | 6% | 10% | 11% | 12% | 9% | 15% | 14% | 9% | 8% |
44 | 29 | 23 | 36 | 46 | 55 | 54 | 34 | 58 | 44 | 27 | 32 | 41 | |
Interest | 24 | 29 | 34 | 37 | 40 | 34 | 22 | 15 | 15 | 9 | 9 | 19 | 25 |
Depreciation | 33 | 33 | 43 | 19 | 20 | 21 | 23 | 25 | 26 | 28 | 29 | 31 | 34 |
Profit before tax | 73 | 65 | -15 | 20 | 27 | 73 | 99 | 98 | 91 | 160 | 160 | 104 | 84 |
Tax % | 16% | 16% | 59% | -6% | -23% | 18% | 27% | 25% | 28% | 31% | 33% | 8% | |
61 | 54 | -6 | 21 | 33 | 60 | 72 | 73 | 66 | 111 | 107 | 96 | 88 | |
EPS in Rs | 7.08 | 6.29 | -0.69 | 2.42 | 3.85 | 6.91 | 8.31 | 8.45 | 7.56 | 12.78 | 12.34 | 11.04 | 10.15 |
Dividend Payout % | 16% | 18% | -36% | 12% | 13% | 7% | 6% | 6% | 7% | 8% | 8% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 10% |
3 Years: | 17% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 15% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 2% |
3 Years: | -4% |
1 Year: | 77% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 415 | 459 | 451 | 468 | 515 | 581 | 656 | 727 | 776 | 892 | 998 | 1,096 | 1,152 |
232 | 432 | 394 | 404 | 359 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 279 | |
134 | 125 | 102 | 126 | 127 | 186 | 197 | 203 | 239 | 283 | 276 | 243 | 260 | |
Total Liabilities | 791 | 1,025 | 956 | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,700 |
267 | 248 | 370 | 370 | 376 | 396 | 395 | 415 | 439 | 447 | 498 | 537 | 533 | |
CWIP | 7 | 104 | 6 | 3 | 14 | 2 | 5 | 1 | 19 | 34 | 17 | 11 | 13 |
Investments | 203 | 203 | 203 | 213 | 236 | 241 | 247 | 260 | 281 | 337 | 397 | 400 | 443 |
313 | 470 | 377 | 419 | 385 | 472 | 427 | 451 | 524 | 517 | 594 | 708 | 710 | |
Total Assets | 791 | 1,025 | 956 | 1,006 | 1,010 | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,700 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18 | 2 | 80 | 62 | 23 | -1 | 109 | 52 | 10 | 119 | 21 | -37 | |
-15 | -95 | -34 | 1 | 29 | 43 | 42 | -4 | -30 | -25 | -85 | -16 | |
-12 | 92 | -46 | -68 | -49 | -46 | -150 | -44 | 27 | -103 | 63 | 56 | |
Net Cash Flow | -9 | -2 | 0 | -5 | 2 | -4 | 1 | 4 | 7 | -9 | -1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 33 | 36 | 35 | 36 | 38 | 40 | 38 | 35 | 32 | 34 | 17 |
Inventory Days | 139 | 222 | 185 | 206 | 204 | 285 | 201 | 201 | 286 | 244 | 230 | 280 |
Days Payable | 35 | 17 | 16 | 29 | 32 | 48 | 30 | 31 | 55 | 49 | 19 | 11 |
Cash Conversion Cycle | 137 | 237 | 205 | 211 | 207 | 274 | 211 | 208 | 266 | 228 | 245 | 285 |
Working Capital Days | 65 | 125 | 125 | 108 | 97 | 124 | 99 | 83 | 107 | 94 | 109 | 137 |
ROCE % | 15% | 12% | 2% | 5% | 6% | 10% | 12% | 13% | 10% | 16% | 15% | 9% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Reg 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the Quarter ended 31.3.2024 is enclosed.
- Compliance Certificate For The Period Ended 31.3.2024 8 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Apr
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Apr - Completion of period of non-executive Independent Director
- Closure of Trading Window 26 Mar
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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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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Financial Year 2011
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Financial Year 2011
from nse
Product Portfolio
Ramco Industries is one of the leading building materials manufacturers in South Asia. The company's main products are:
a) Ramco Hilux:
It is the company's flagship product and is the ideal choice for dry construction like walls, partitions or ceilings. [1]
b) Ramco Hicem:
It is a High Impact Fibre Cement Board used for Partitions, Walls and Ceilings [2]
c) Ramco Greencor:
This is a 100% asbestos-free roofing product, manufactured using European Technology and specially developed (PVA), PolyPropylene Fibres. [3]
d) Ramco Poweroof:
This is made with Portland cement and high quality imported chrysotile fibres which is over 8 times greater than that of steel. [4]
e) Accessories:
This includes G.I Channels (Floor, Ceiling, Intermediate),G.I Stud, Screws (Self Drilling & Tapping), Rawl Plug, Pre Coated Wall Angle, etc. [5]