Ramky Infrastructure Ltd

Ramky Infra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ramky Infrastructure Ltd

₹ 751 0.41%
05 Dec 11:19 a.m.
ramkyinfrastructure.com BSE: 533262 NSE : RAMKY
About

Ramky Infrastructure Limited is a flagship company of the Ramky Group. The Co is engaged in the business of construction, infrastructure development and management. [1]

Key Points

Business Segments
EPC Business: The Co operates the EPC business in the following sectors: Water and Waste Water projects such as water treatment plants etc, Roads & Bridges projects such as highways, bridges, expressways, etc, Building Construction such as commercial, residential, public, institutional/corporate buildings, etc, and Irrigation projects such as cross drainage work, barrages, etc.
Developer Business: The Co’s development projects are usually undertaken on a PPP basis with the government and are typically awarded after qualifying through a competitive bidding process. The Co’s developer business segment includes Industrial Parks, Transportation, Integrated Townships, and Energy. [1]

Website BSE NSE
  • Market Cap ₹ 5,195 Cr.
  • Current Price ₹ 751
  • High / Low ₹ 794 / 236
  • Stock P/E 21.8
  • Book Value ₹ 234
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 8.79 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.0% CAGR over last 5 years
  • Debtor days have improved from 102 to 80.7 days.

Cons

  • Stock is trading at 3.21 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.56% over past five years.
  • Company has a low return on equity of 7.69% over last 3 years.
  • Promoters have pledged 25.7% of their holding.
  • Earnings include an other income of Rs.1,449 Cr.
  • Company's cost of borrowing seems high

* 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

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
179 370 269 263 259 397 540 372 340 417 576 557 582
168 297 256 183 347 291 432 283 275 328 481 400 401
Operating Profit 11 74 13 80 -88 106 108 89 65 89 96 157 181
OPM % 6% 20% 5% 30% -34% 27% 20% 24% 19% 21% 17% 28% 31%
44 37 65 39 180 33 70 37 48 52 1,319 37 41
Interest 83 79 82 83 83 115 93 87 91 95 89 40 46
Depreciation 8 7 8 7 8 8 9 10 10 11 11 11 12
Profit before tax -36 24 -12 29 1 16 76 29 12 34 1,314 143 164
Tax % -46% -101% 838% 2% -4,013% 88% 163% 71% -362% 67% 18% 26% 26%
-53 49 86 28 58 2 -48 8 55 11 1,078 105 121
EPS in Rs -5.90 4.34 11.53 4.33 7.00 -0.45 -7.46 0.68 7.51 0.98 155.65 14.64 16.28
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,934 3,774 2,402 1,644 2,048 1,719 1,578 1,749 1,387 1,056 1,459 1,705 2,132
3,341 3,235 2,620 1,802 2,118 1,601 1,567 1,572 1,432 954 1,253 1,367 1,610
Operating Profit 593 538 -219 -158 -69 118 11 177 -45 103 205 338 522
OPM % 15% 14% -9% -10% -3% 7% 1% 10% -3% 10% 14% 20% 24%
36 48 35 52 503 391 525 253 169 185 322 1,456 1,449
Interest 238 294 380 515 397 399 369 378 341 325 373 363 270
Depreciation 43 60 69 92 66 59 55 48 45 32 31 42 46
Profit before tax 347 232 -633 -712 -29 50 111 3 -263 -70 123 1,389 1,655
Tax % 25% 25% 33% 32% -22% 68% 41% 102% -1% 128% 67% 17%
260 174 -408 -483 -45 -12 33 -0 -266 19 40 1,153 1,315
EPS in Rs 42.67 26.45 -72.53 -84.44 -8.16 -1.06 5.00 2.51 -28.62 2.83 3.41 164.83 187.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -8%
5 Years: 2%
3 Years: 7%
TTM: 29%
Compounded Profit Growth
10 Years: -7%
5 Years: 21%
3 Years: 33%
TTM: 2086%
Stock Price CAGR
10 Years: 34%
5 Years: 38%
3 Years: 160%
1 Year: 130%
Return on Equity
10 Years: -17%
5 Years: -4%
3 Years: 8%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 57 57 57 57 57 57 57 60 69 69 69 69 69
Reserves 1,201 1,502 1,175 745 299 293 322 365 251 271 207 1,342 1,552
2,099 2,717 3,240 3,671 3,221 3,095 2,970 2,721 2,470 2,303 2,124 1,650 1,317
2,428 2,451 1,956 2,062 1,798 2,130 1,647 1,470 1,517 1,734 2,153 1,579 1,613
Total Liabilities 5,785 6,727 6,429 6,535 5,374 5,576 4,996 4,616 4,308 4,377 4,552 4,641 4,551
581 564 1,465 1,315 354 303 298 280 239 202 265 329 373
CWIP 417 807 27 11 4 4 16 0 1 28 28 61 61
Investments 91 107 111 105 198 170 138 6 6 7 7 7 7
4,696 5,249 4,826 5,104 4,819 5,098 4,545 4,330 4,062 4,141 4,252 4,244 4,110
Total Assets 5,785 6,727 6,429 6,535 5,374 5,576 4,996 4,616 4,308 4,377 4,552 4,641 4,551

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-282 -118 -376 149 -160 350 421 404 263 222 278 2,611
-383 -429 -153 29 75 78 -21 106 30 1 -85 -215
556 540 533 -158 110 -491 -421 -477 -195 -227 -327 -1,650
Net Cash Flow -109 -8 4 20 25 -63 -21 33 98 -3 -135 745

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 148 149 151 217 180 253 218 126 96 115 111 81
Inventory Days 454 3,248 1,174
Days Payable 538 3,493 1,482
Cash Conversion Cycle 64 149 151 -28 -128 253 218 126 96 115 111 81
Working Capital Days 114 150 210 147 143 60 64 33 -36 -53 26 25
ROCE % 19% 13% -6% -4% 9% 11% 14% 11% 3% 9% 19% 16%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.81%
0.00% 0.00% 0.01% 0.02% 0.05% 0.14% 0.12% 0.12% 0.12% 0.07% 0.07% 0.60%
0.13% 0.13% 0.13% 0.13% 0.13% 0.12% 0.00% 0.13% 0.13% 0.13% 0.13% 0.38%
30.04% 30.04% 30.03% 30.02% 30.00% 29.91% 30.06% 29.91% 29.92% 29.97% 29.97% 29.23%
No. of Shareholders 20,39118,89118,20117,42418,07719,49819,10818,28717,58916,75816,08516,366

* 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.

Documents

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