Ramco Industries Ltd

Ramco Industries Ltd

₹ 295 -0.82%
12 Dec 10:24 a.m.
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

  • Market Cap 2,562 Cr.
  • Current Price 295
  • High / Low 324 / 192
  • Stock P/E 20.2
  • Book Value 474
  • Dividend Yield 0.25 %
  • ROCE 3.15 %
  • ROE 2.67 %
  • 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.4,538 Cr. is more than the Market Cap Rs.2,577 Cr.

Cons

  • The company has delivered a poor sales growth of 7.69% over past five years.
  • Company has a low return on equity of 4.65% over last 3 years.
  • Dividend payout has been low at 5.34% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
311 337 391 497 304 304 350 487 316 334 365 543 353
256 286 355 422 273 294 316 433 287 300 325 486 312
Operating Profit 56 51 35 74 30 11 34 54 29 34 40 57 41
OPM % 18% 15% 9% 15% 10% 3% 10% 11% 9% 10% 11% 10% 12%
3 4 2 5 9 7 7 4 3 3 4 3 3
Interest 2 2 3 3 4 7 7 6 6 7 6 4 3
Depreciation 9 9 7 8 8 8 9 9 9 9 10 9 9
Profit before tax 48 44 28 68 26 2 25 43 18 20 28 47 33
Tax % 30% 31% 29% 29% 43% 98% -73% 23% 56% 36% 30% 23% 60%
144 37 46 61 3 1 58 40 -4 26 44 39 17
EPS in Rs 16.56 4.31 5.34 7.00 0.30 0.10 6.73 4.56 -0.48 3.04 5.05 4.54 1.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
880 785 863 865 881 932 1,036 974 1,209 1,460 1,458 1,501 1,595
749 722 783 785 764 814 909 871 1,014 1,234 1,305 1,345 1,423
Operating Profit 131 63 80 80 117 118 128 103 195 226 152 157 172
OPM % 15% 8% 9% 9% 13% 13% 12% 11% 16% 15% 10% 10% 11%
18 11 21 43 22 44 24 46 22 8 24 14 13
Interest 31 36 38 40 34 22 15 15 10 9 21 25 20
Depreciation 37 49 25 25 26 28 29 31 33 33 34 37 37
Profit before tax 80 -11 39 57 79 112 107 103 175 193 122 109 128
Tax % 16% -71% 7% -0% 30% 30% 30% 33% 34% 34% 12% 33%
67 -3 90 192 205 176 172 170 279 303 124 106 126
EPS in Rs 7.78 -0.36 10.39 22.21 23.63 20.31 19.89 19.56 32.16 34.95 14.28 12.18 14.57
Dividend Payout % 14% -70% 3% 2% 2% 2% 3% 3% 3% 3% 7% 6%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 7%
TTM: 9%
Compounded Profit Growth
10 Years: 44%
5 Years: -9%
3 Years: -28%
TTM: 36%
Stock Price CAGR
10 Years: 15%
5 Years: 10%
3 Years: 5%
1 Year: 36%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 5%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 518 513 602 2,514 2,707 2,877 3,044 3,201 3,475 3,750 3,875 4,052 4,102
451 408 413 363 336 213 187 238 152 224 308 242 130
145 117 140 173 211 217 224 266 332 312 273 273 332
Total Liabilities 1,123 1,047 1,164 3,059 3,263 3,315 3,464 3,713 3,968 4,294 4,465 4,575 4,572
291 411 407 407 424 424 443 467 472 523 563 565 554
CWIP 110 12 10 22 11 10 5 21 36 19 12 6 17
Investments 198 198 261 2,129 2,270 2,366 2,477 2,602 2,817 3,053 3,058 3,172 3,163
524 427 487 501 558 515 539 624 643 699 832 832 838
Total Assets 1,123 1,047 1,164 3,059 3,263 3,315 3,464 3,713 3,968 4,294 4,465 4,575 4,572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 123 89 79 47 126 88 36 190 88 -43 135
-117 -50 -15 6 -9 13 -33 -63 -73 -138 -27 -21
98 -55 -77 -57 -48 -150 -36 27 -104 63 54 -100
Net Cash Flow -10 18 -3 28 -9 -12 20 0 14 13 -17 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 29 30 30 30 35 33 31 28 23 15 17
Inventory Days 227 171 195 202 256 207 194 264 217 203 273 262
Days Payable 22 22 28 50 46 36 33 50 48 26 11 13
Cash Conversion Cycle 230 178 198 183 239 206 194 246 197 200 277 267
Working Capital Days 120 110 101 87 108 100 80 104 82 85 131 126
ROCE % 13% 3% 7% 4% 3% 4% 4% 3% 5% 5% 3% 3%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.03% 53.97% 53.97% 53.97% 53.97% 53.88% 53.88% 53.88% 53.88% 54.81% 54.81% 54.81%
2.99% 3.03% 3.02% 2.94% 1.98% 1.16% 0.73% 0.71% 0.90% 0.85% 0.98% 0.96%
3.51% 3.51% 3.51% 3.51% 3.51% 3.50% 3.50% 4.24% 4.18% 4.18% 4.18% 4.18%
0.20% 0.20% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.27% 39.29% 39.31% 39.58% 40.54% 41.45% 41.89% 41.16% 41.04% 40.16% 40.03% 40.04%
No. of Shareholders 28,62528,99229,63429,58330,58330,35531,22232,80934,25734,27131,88732,925

* 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.

Click on the line-items to see the names of individual entities.

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