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 ₹ 2,375 Cr.
- Current Price ₹ 273
- High / Low ₹ 398 / 218
- Stock P/E 9.34
- Book Value ₹ 501
- Dividend Yield 0.37 %
- ROCE 3.61 %
- ROE 4.37 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.55 times its book value
- Market value of investments Rs.5,215 Cr. is more than the Market Cap Rs.2,375 Cr.
Cons
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of 3.42% over last 3 years.
- Dividend payout has been low at 5.99% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 785 | 863 | 865 | 881 | 932 | 1,036 | 974 | 1,209 | 1,460 | 1,458 | 1,501 | 1,659 | 1,700 | |
| 722 | 783 | 785 | 764 | 814 | 909 | 871 | 1,014 | 1,234 | 1,305 | 1,345 | 1,479 | 1,489 | |
| Operating Profit | 63 | 80 | 80 | 117 | 118 | 128 | 103 | 195 | 226 | 152 | 157 | 179 | 211 |
| OPM % | 8% | 9% | 9% | 13% | 13% | 12% | 11% | 16% | 15% | 10% | 10% | 11% | 12% |
| 11 | 21 | 43 | 22 | 44 | 24 | 46 | 22 | 8 | 24 | 14 | 15 | 16 | |
| Interest | 36 | 38 | 40 | 34 | 22 | 15 | 15 | 10 | 9 | 21 | 25 | 17 | 19 |
| Depreciation | 49 | 25 | 25 | 26 | 28 | 29 | 31 | 33 | 33 | 34 | 37 | 36 | 37 |
| Profit before tax | -11 | 39 | 57 | 79 | 112 | 107 | 103 | 175 | 193 | 122 | 109 | 142 | 172 |
| Tax % | -71% | 7% | -0% | 30% | 30% | 30% | 33% | 34% | 34% | 12% | 33% | 34% | |
| -3 | 90 | 192 | 205 | 176 | 172 | 170 | 279 | 303 | 124 | 106 | 181 | 254 | |
| EPS in Rs | -0.36 | 10.39 | 22.21 | 23.63 | 20.31 | 19.89 | 19.56 | 32.16 | 34.95 | 14.28 | 12.18 | 20.84 | 29.29 |
| Dividend Payout % | -70% | 3% | 2% | 2% | 2% | 3% | 3% | 3% | 3% | 7% | 6% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 2% |
| 3 Years: | -16% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 2% |
| 3 Years: | 27% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 513 | 602 | 2,514 | 2,707 | 2,877 | 3,044 | 3,201 | 3,475 | 3,750 | 3,875 | 4,052 | 4,224 | 4,342 |
| 408 | 413 | 363 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 242 | 256 | 174 | |
| 117 | 140 | 173 | 211 | 217 | 224 | 266 | 332 | 312 | 273 | 254 | 294 | 282 | |
| Total Liabilities | 1,047 | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,556 | 4,783 | 4,806 |
| 411 | 407 | 407 | 424 | 424 | 443 | 467 | 472 | 523 | 563 | 565 | 559 | 549 | |
| CWIP | 12 | 10 | 22 | 11 | 10 | 5 | 21 | 36 | 19 | 12 | 6 | 5 | 13 |
| Investments | 198 | 261 | 2,129 | 2,270 | 2,366 | 2,477 | 2,602 | 2,817 | 3,053 | 3,058 | 3,172 | 3,340 | 3,388 |
| 427 | 487 | 501 | 558 | 515 | 539 | 624 | 643 | 699 | 832 | 813 | 879 | 856 | |
| Total Assets | 1,047 | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,556 | 4,783 | 4,806 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 123 | 89 | 79 | 47 | 126 | 88 | 36 | 190 | 88 | -43 | 135 | 132 | |
| -50 | -15 | 6 | -9 | 13 | -33 | -63 | -73 | -138 | -27 | -21 | -107 | |
| -55 | -77 | -57 | -48 | -150 | -36 | 27 | -104 | 63 | 54 | -100 | -11 | |
| Net Cash Flow | 18 | -3 | 28 | -9 | -12 | 20 | 0 | 14 | 13 | -17 | 14 | 14 |
| Free Cash Flow | 53 | 69 | 40 | 58 | 127 | 45 | -30 | 136 | 21 | -109 | 102 | 104 |
| CFO/OP | 202% | 113% | 95% | 27% | 101% | 62% | 45% | 103% | 45% | -24% | 92% | 81% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 29 | 30 | 30 | 30 | 35 | 33 | 31 | 28 | 23 | 15 | 17 | 22 |
| Inventory Days | 171 | 195 | 202 | 256 | 207 | 194 | 264 | 217 | 203 | 273 | 262 | 232 |
| Days Payable | 22 | 28 | 50 | 46 | 36 | 33 | 50 | 48 | 26 | 11 | 13 | 17 |
| Cash Conversion Cycle | 178 | 198 | 183 | 239 | 206 | 194 | 246 | 197 | 200 | 277 | 267 | 237 |
| Working Capital Days | 29 | 14 | 13 | 11 | 49 | 34 | 36 | 43 | 33 | 62 | 70 | 78 |
| ROCE % | 3% | 7% | 4% | 3% | 4% | 4% | 3% | 5% | 5% | 3% | 3% | 4% |
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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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Apr - Announcement under Reg. 30 of SEBI (LODR) - Newspaper publication - Relodgement of physical shares
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Compliance - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended 31.3.2026 is enclosed.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 27 Mar
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Announcement Under Reg 30 Of SEBI LODR
26 Mar - IT assessment order for AY2017-18 levies penalty of Rs23,79,146; company intends to appeal.
- Closure of Trading Window 23 Mar
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