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 ₹ 2,724 Cr.
- Current Price ₹ 314
- High / Low ₹ 396 / 231
- Stock P/E 8.38
- Book Value ₹ 534
- Dividend Yield 0.39 %
- ROCE 4.57 %
- ROE 6.75 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Market value of investments Rs.5,334 Cr. is more than the Market Cap Rs.2,752 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 863 | 865 | 881 | 932 | 1,036 | 974 | 1,209 | 1,460 | 1,458 | 1,501 | 1,674 | 1,792 | 1,945 | |
| Sales growth | +10% | +0% | +2% | +6% | +11% | -6% | +24% | +21% | -0% | +3% | +12% | +7% | +17% |
| 783 | 785 | 764 | 814 | 909 | 871 | 1,014 | 1,234 | 1,305 | 1,345 | 1,495 | 1,560 | 1,651 | |
| Operating Profit | 80 | 80 | 117 | 118 | 128 | 103 | 195 | 226 | 152 | 157 | 179 | 233 | 294 |
| OPM % | 9% | 9% | 13% | 13% | 12% | 11% | 16% | 15% | 10% | 10% | 11% | 13% | 15% |
| 21 | 43 | 22 | 44 | 24 | 46 | 22 | 8 | 24 | 14 | 15 | 23 | 33 | |
| Interest | 38 | 40 | 34 | 22 | 15 | 15 | 10 | 9 | 21 | 25 | 17 | 18 | 13 |
| Depreciation | 25 | 25 | 26 | 28 | 29 | 31 | 33 | 33 | 34 | 37 | 36 | 37 | 38 |
| Profit before tax | 39 | 57 | 79 | 112 | 107 | 103 | 175 | 193 | 122 | 109 | 142 | 200 | 276 |
| 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 | 337 | |
| 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 | 38.80 |
| 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: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 1% |
| 3 Years: | 34% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | 16% |
| 1 Year: | 1% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 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 | 4,632 |
| 413 | 363 | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 242 | 258 | 171 | 7 | |
| 140 | 173 | 211 | 217 | 224 | 266 | 332 | 312 | 273 | 273 | 292 | 284 | 321 | |
| 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 | 4,969 |
| 407 | 407 | 424 | 424 | 443 | 467 | 472 | 523 | 563 | 565 | 559 | 557 | 555 | |
| CWIP | 10 | 22 | 11 | 10 | 5 | 21 | 36 | 19 | 12 | 6 | 5 | 17 | 44 |
| Investments | 261 | 2,129 | 2,270 | 2,366 | 2,477 | 2,602 | 2,817 | 3,053 | 3,058 | 3,172 | 3,340 | 3,485 | 3,513 |
| 487 | 501 | 558 | 515 | 539 | 624 | 643 | 699 | 832 | 832 | 879 | 918 | 857 | |
| 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 | 4,969 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 113% | 95% | 27% | 101% | 62% | 45% | 103% | 45% | -24% | 92% | 82% | 94% |
Ratios
Consolidated / 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cotton Yarn Production Volume Lakh Kgs ・Standalone data |
|
|||||||||||
| Cotton Yarn Sales Volume Lakh Kgs ・Standalone data |
||||||||||||
| Wind Power Generation Lakh Units ・Standalone data |
||||||||||||
| Fibre Cement Sheets / Boards Production Volume MT ・Standalone data |
||||||||||||
| Fibre Cement Sheets / Boards Sales Volume MT ・Standalone data |
||||||||||||
| Fibre Cement Boards Sales Volume MT ・Standalone data |
||||||||||||
| Number of Dealers / Distributors count ・Standalone data |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement Under Reg. 30 Of SEBI LODR.
- Five GST appeal orders dropped Rs.37.49 lakh demand for FY2018-19 to FY2023-24.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Unaudited Consolidated Financial Results for the Quarter ended 30.9.2026.
-
Intimation Under Reg. 30 Of SEBI (LODR)
- Tamil Nadu GST authority dropped GST, interest and penalty for FY18-19 to FY23-24 cases.
-
Board Meeting Outcome for Unaudited Financial Results For The Quarter And Six Months Ended 30.9.2026
- Q2 FY26 standalone and consolidated results approved; H1 PAT rose, and NCDs were fully redeemed.
-
Closure of Trading Window
- Board meets on 4 Nov 2026 to approve Q2 FY27 standalone and consolidated results; trading window closed till 6 Nov 2026.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from bse
Business Segments