Ramco Industries Ltd

₹ 314 -2.01%

13 Nov 3:32 p.m.

ramcoindltd.com BSE: 532369 NSE: RAMCOIND

About

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.

Key Points

Business Segments

Website BSE NSE

Market Cap ₹ 2,724 Cr.
Current Price ₹ 314
High / Low ₹ 396 / 231
Stock P/E 18.4
Book Value ₹ 167
Dividend Yield 0.39 %
ROCE 10.3 %
ROE 7.79 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor sales growth of 7.55% over past five years.
Company has a low return on equity of 6.83% over last 3 years.
Earnings include an other income of Rs.73.7 Cr.
Dividend payout has been low at 3.71% 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	264	270	311	493	281	272	345	464	274	308	397	531	345
YoY Sales growth	-0%	-5%	+0%	+9%	+6%	+1%	+11%	-6%	-2%	+13%	+15%	+15%	+26%
	247	251	289	447	258	253	320	412	248	284	360	452	297
Operating Profit	17	19	22	46	23	19	25	51	26	25	37	80	48
OPM %	6%	7%	7%	9%	8%	7%	7%	11%	9%	8%	9%	15%	14%
	19	13	2	1	36	13	4	1	34	12	11	11	40
Interest	5	7	6	4	3	4	5	5	4	5	4	3	2
Depreciation	9	9	9	8	8	8	8	8	9	9	9	9	9
Profit before tax	22	16	8	35	47	19	15	39	48	24	35	79	77
Tax %	28%	23%	44%	21%	26%	32%	8%	17%	25%	30%	25%	24%	25%
	16	12	5	28	34	13	13	33	36	17	26	60	58
EPS in Rs	1.84	1.44	0.55	3.18	3.97	1.49	1.55	3.75	4.14	1.91	3.01	6.91	6.68
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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	TTM
	720	707	712	799	898	826	1,003	1,184	1,310	1,299	1,402	1,444	1,582
Sales growth	+10%	-2%	+1%	+12%	+12%	-8%	+21%	+18%	+11%	-1%	+8%	+3%	+17%
	680	667	639	709	794	753	850	1,016	1,187	1,195	1,290	1,304	1,392
Operating Profit	40	40	73	90	104	73	153	168	123	104	113	140	189
OPM %	6%	6%	10%	11%	12%	9%	15%	14%	9%	8%	8%	10%	12%
	36	46	55	54	34	58	44	30	32	35	53	58	74
Interest	37	40	34	22	15	15	9	9	19	24	17	18	13
Depreciation	19	20	21	23	25	26	28	29	31	35	33	34	35
Profit before tax	20	27	73	99	98	91	160	160	104	80	115	146	215
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	161
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	18.51
Dividend Payout %	12%	13%	7%	6%	6%	7%	8%	8%	9%	11%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	8%
3 Years:	3%
TTM:	17%

Compounded Profit Growth
10 Years:	16%
5 Years:	-2%
3 Years:	3%
TTM:	57%

Stock Price CAGR
10 Years:	5%
5 Years:	3%
3 Years:	16%
1 Year:	1%

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	Mar 2026	Sep 2026
Equity Capital	9	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	1,336	1,443
	404	359	336	213	187	238	152	224	308	244	258	171	7
	126	127	186	197	203	239	283	293	243	221	248	238	284
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	1,743
	370	376	396	395	415	439	447	498	537	538	532	530	525
CWIP	3	14	2	5	1	19	34	17	11	5	4	14	41
Investments	213	236	241	247	260	281	337	397	400	441	538	525	551
	419	385	472	427	451	524	517	612	708	657	686	686	626
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	1,743

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	48	94
	1	29	43	42	-4	-30	-25	-85	-16	16	-48	37
	-68	-49	-46	-150	-44	27	-103	63	56	-99	-8	-113
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	21	50
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	157%	55%	-6%	111%	52%	20%	81%	15%	-25%	85%	47%	70%

Ratios

Standalone / 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	22
Inventory Days	206	204	285	201	201	286	244	230	280	269	244	249
Days Payable	29	32	48	30	31	55	49	30	11	13	18	12
Cash Conversion Cycle	211	207	274	211	208	266	228	234	285	275	253	260
Working Capital Days	3	7	4	40	30	27	47	45	59	66	75	84
ROCE %	5%	6%	10%	12%	13%	10%	16%	15%	9%	7%	9%	10%

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

Mar 2026

Cotton Yarn Production Volume
Lakh Kgs

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
			xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
			xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
			xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xxx,xxx
								x,xxx	x,xxx	x,xxx	x,xxx

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Cotton Yarn Sales Volume
Lakh Kgs

Wind Power Generation
Lakh Units

Fibre Cement Sheets / Boards Production Volume
MT

Fibre Cement Sheets / Boards Sales Volume
MT

Fibre Cement Boards Sales Volume
MT

Number of Dealers / Distributors
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	53.88%	54.81%	54.81%	54.81%	54.81%	54.81%	54.81%	54.79%	54.79%	54.79%	54.84%	54.84%
	0.90%	0.85%	0.98%	0.96%	1.42%	0.81%	1.12%	1.26%	0.82%	0.82%	1.00%	0.69%
	4.18%	4.18%	4.18%	4.18%	4.18%	4.19%	3.85%	3.51%	3.25%	3.35%	3.35%	3.34%
	41.04%	40.16%	40.03%	40.04%	39.59%	40.18%	40.20%	40.44%	41.16%	41.06%	40.81%	41.14%
No. of Shareholders	34,257	34,271	31,887	32,925	32,188	31,580	30,398	30,459	30,296	29,086	31,622	31,375

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	53.92%	53.92%	53.92%	54.03%	54.03%	53.97%	53.88%	54.81%	54.81%	54.79%	54.84%
	0.23%	0.68%	0.73%	0.75%	2.34%	3.03%	1.16%	0.85%	0.81%	0.82%	0.69%
	4.17%	4.12%	4.73%	5.34%	4.81%	3.51%	3.50%	4.18%	4.19%	3.35%	3.34%
	0.00%	0.08%	0.08%	0.15%	0.16%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%
	41.68%	41.21%	40.54%	39.73%	38.66%	39.29%	41.45%	40.16%	40.18%	41.06%	41.14%
No. of Shareholders	13,971	16,104	16,012	14,661	22,009	28,992	30,355	34,271	31,580	29,086	31,375

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ramco Industries Ltd

Ramco Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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