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 ₹ 2,611 Cr.
- Current Price ₹ 301
- High / Low ₹ 398 / 231
- Stock P/E 8.68
- Book Value ₹ 521
- Dividend Yield 0.33 %
- ROCE 4.57 %
- ROE 6.87 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.58 times its book value
- Market value of investments Rs.5,215 Cr. is more than the Market Cap Rs.2,611 Cr.
Cons
- The company has delivered a poor sales growth of 8.19% over past five years.
- Company has a low return on equity of 4.70% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 863 | 865 | 881 | 932 | 1,036 | 974 | 1,209 | 1,460 | 1,458 | 1,501 | 1,659 | 1,792 | |
| 783 | 785 | 764 | 814 | 909 | 871 | 1,014 | 1,234 | 1,305 | 1,345 | 1,479 | 1,560 | |
| Operating Profit | 80 | 80 | 117 | 118 | 128 | 103 | 195 | 226 | 152 | 157 | 179 | 232 |
| OPM % | 9% | 9% | 13% | 13% | 12% | 11% | 16% | 15% | 10% | 10% | 11% | 13% |
| 21 | 43 | 22 | 44 | 24 | 46 | 22 | 8 | 24 | 14 | 15 | 23 | |
| Interest | 38 | 40 | 34 | 22 | 15 | 15 | 10 | 9 | 21 | 25 | 17 | 18 |
| Depreciation | 25 | 25 | 26 | 28 | 29 | 31 | 33 | 33 | 34 | 37 | 36 | 37 |
| Profit before tax | 39 | 57 | 79 | 112 | 107 | 103 | 175 | 193 | 122 | 109 | 142 | 200 |
| Tax % | 7% | -0% | 30% | 30% | 30% | 33% | 34% | 34% | 12% | 33% | 34% | 32% |
| 90 | 192 | 205 | 176 | 172 | 170 | 279 | 303 | 124 | 106 | 181 | 306 | |
| EPS in Rs | 10.39 | 22.21 | 23.63 | 20.31 | 19.89 | 19.56 | 32.16 | 34.95 | 14.28 | 12.18 | 20.84 | 35.27 |
| Dividend Payout % | 3% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 7% | 6% | 5% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 35% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 2% |
| 3 Years: | 21% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 602 | 2,514 | 2,707 | 2,877 | 3,044 | 3,201 | 3,475 | 3,750 | 3,875 | 4,052 | 4,224 | 4,513 |
| 413 | 363 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 242 | 256 | 169 | |
| 140 | 173 | 211 | 217 | 224 | 266 | 332 | 312 | 273 | 254 | 294 | 286 | |
| Total Liabilities | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,556 | 4,783 | 4,977 |
| 407 | 407 | 424 | 424 | 443 | 467 | 472 | 523 | 563 | 565 | 559 | 557 | |
| CWIP | 10 | 22 | 11 | 10 | 5 | 21 | 36 | 19 | 12 | 6 | 5 | 17 |
| Investments | 261 | 2,129 | 2,270 | 2,366 | 2,477 | 2,602 | 2,817 | 3,053 | 3,058 | 3,172 | 3,340 | 3,485 |
| 487 | 501 | 558 | 515 | 539 | 624 | 643 | 699 | 832 | 813 | 879 | 918 | |
| Total Assets | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,556 | 4,783 | 4,977 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 79 | 47 | 126 | 88 | 36 | 190 | 88 | -43 | 135 | 132 | 201 | |
| -15 | 6 | -9 | 13 | -33 | -63 | -73 | -138 | -27 | -21 | -107 | -37 | |
| -77 | -57 | -48 | -150 | -36 | 27 | -104 | 63 | 54 | -100 | -11 | -114 | |
| Net Cash Flow | -3 | 28 | -9 | -12 | 20 | 0 | 14 | 13 | -17 | 14 | 14 | 50 |
| Free Cash Flow | 69 | 40 | 58 | 127 | 45 | -30 | 136 | 21 | -109 | 102 | 104 | 151 |
| CFO/OP | 113% | 95% | 27% | 101% | 62% | 45% | 103% | 45% | -24% | 92% | 81% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 30 | 30 | 30 | 35 | 33 | 31 | 28 | 23 | 15 | 17 | 22 | 18 |
| Inventory Days | 195 | 202 | 256 | 207 | 194 | 264 | 217 | 203 | 273 | 262 | 232 | 235 |
| Days Payable | 28 | 50 | 46 | 36 | 33 | 50 | 48 | 26 | 11 | 13 | 17 | 11 |
| Cash Conversion Cycle | 198 | 183 | 239 | 206 | 194 | 246 | 197 | 200 | 277 | 267 | 237 | 242 |
| Working Capital Days | 14 | 13 | 11 | 49 | 34 | 36 | 43 | 33 | 62 | 70 | 78 | 80 |
| ROCE % | 7% | 4% | 3% | 4% | 4% | 3% | 5% | 5% | 3% | 3% | 4% | 5% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Calcium Silicate Boards (CSB) Production Volume MT ・Standalone data |
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| Cotton Yarn Production Volume Lakh Kgs ・Standalone data |
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| Fibre Cement Sheets Production Volume MT ・Standalone data |
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| Fibre Cement Sheets Sales Volume MT ・Standalone data |
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| Wind Energy Generation Lakh Units ・Standalone data |
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| Wind Mill Installed Capacity MW ・Standalone data |
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| Number of Dealers/Distributors Number ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
5 Jun - Postal ballot seeks approval to reappoint Ajay Bhaskar Baliga as independent director for 2026-2031; e-voting ends 5 July 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Announcement under Reg. 30 of SEBI (LODR) - Newspaper Publication
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Ramco Industries submitted its Annual Secretarial Compliance Report for year ended 31 March 2026.
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AGM On 20.8.2026
27 May - Ramco Industries posted FY26 audited results, recommended Rs1.25 dividend, and set AGM for 20 August 2026.
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Financial Results For The Year Ended 31.3.2026
27 May - FY26 audited standalone and consolidated results; Rs1.25 dividend recommended, AGM on 20 August 2026.
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 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2012
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Financial Year 2012
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