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 ₹ 2,835 Cr.
- Current Price ₹ 326
- High / Low ₹ 398 / 231
- Stock P/E 9.59
- Book Value ₹ 521
- Dividend Yield 0.38 %
- ROCE 4.57 %
- ROE 6.75 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
- Market value of investments Rs.5,334 Cr. is more than the Market Cap Rs.2,835 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 4.66% 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 | 1,674 | 1,792 | |
| 783 | 785 | 764 | 814 | 909 | 871 | 1,014 | 1,234 | 1,305 | 1,345 | 1,495 | 1,560 | |
| Operating Profit | 80 | 80 | 117 | 118 | 128 | 103 | 195 | 226 | 152 | 157 | 179 | 233 |
| 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% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 1% |
| 3 Years: | 34% |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 0% |
| 3 Years: | 21% |
| 1 Year: | 15% |
| 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 | 258 | 171 | |
| 140 | 173 | 211 | 217 | 224 | 266 | 332 | 312 | 273 | 273 | 292 | 284 | |
| Total Liabilities | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,575 | 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 | 832 | 879 | 918 | |
| Total Assets | 1,164 | 3,059 | 3,263 | 3,315 | 3,464 | 3,713 | 3,968 | 4,294 | 4,465 | 4,575 | 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 | 133 | 201 | |
| -15 | 6 | -9 | 13 | -33 | -63 | -73 | -138 | -27 | -21 | -108 | -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 | 150 |
| CFO/OP | 113% | 95% | 27% | 101% | 62% | 45% | 103% | 45% | -24% | 92% | 82% | 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 | 75 | 80 |
| ROCE % | 7% | 4% | 3% | 4% | 4% | 3% | 5% | 5% | 3% | 3% | 4% | 5% |
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 ・Standalone data |
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| Cotton Yarn Sales 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 Power Generation Lakh Units ・Standalone data |
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| Calcium Silicate Boards Sales Volume MT ・Standalone data |
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| Number of Dealers / Distributors count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Jul - Notice to Shareholders - Copy of Newspaper Publication
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General Updates - 61St AGM
28 Jul - 61st AGM on 20 Aug 2026; annual report sent, Rs.1.25 dividend recommended, TDS details shared.
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General Updates - 61St AGM
28 Jul - Physical AGM communication sent; FY26 annual report, 20 Aug 2026 VC AGM, Rs1.25 dividend recommended.
- Closure of Trading Window 28 Jul
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Board Meeting Intimation for Consideration Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June, 2026
28 Jul - Board meets on 10 Aug 2026 to consider Q1 FY27 unaudited results; trading window closed till 12 Aug 2026.
Annual reports
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Financial Year 2026
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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 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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Business Segments