Ramky Infrastructure Ltd

Ramky Infrastructure Ltd

₹ 509 -0.62%
14 Jun - close price
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]

  • Market Cap 3,519 Cr.
  • Current Price 509
  • High / Low 1,009 / 347
  • Stock P/E 11.4
  • Book Value 247
  • Dividend Yield 0.00 %
  • ROCE 21.1 %
  • ROE 19.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 263% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.1,116 Cr.
  • Promoters have pledged 25.7% of their holding.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
269 263 259 397 540 372 340 417 576 557 582 441 581
256 183 347 291 432 283 275 328 481 400 401 364 486
Operating Profit 13 80 -88 106 108 89 65 89 96 157 181 77 96
OPM % 5% 30% -34% 27% 20% 24% 19% 21% 17% 28% 31% 17% 16%
65 39 180 33 70 37 48 52 1,319 37 41 40 43
Interest 82 83 83 115 93 87 91 95 89 40 46 45 28
Depreciation 8 7 8 8 9 10 10 11 11 11 12 12 13
Profit before tax -12 29 1 16 76 29 12 34 1,314 143 164 59 97
Tax % 838% 2% -4,013% 88% 163% 71% -362% 67% 18% 26% 26% 37% 41%
86 28 58 2 -48 8 55 11 1,078 105 121 38 58
EPS in Rs 11.53 4.33 7.00 -0.45 -7.46 0.68 7.51 0.98 155.65 14.64 16.28 5.27 8.29
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
3,774 2,402 1,644 2,048 1,719 1,578 1,749 1,387 1,056 1,459 1,705 2,161
3,235 2,620 1,802 2,118 1,601 1,567 1,572 1,432 954 1,253 1,367 1,650
Operating Profit 538 -219 -158 -69 118 11 177 -45 103 205 338 510
OPM % 14% -9% -10% -3% 7% 1% 10% -3% 10% 14% 20% 24%
48 35 52 503 391 525 253 169 185 322 1,456 160
Interest 294 380 515 397 399 369 378 341 325 373 363 158
Depreciation 60 69 92 66 59 55 48 45 32 31 42 48
Profit before tax 232 -633 -712 -29 50 111 3 -263 -70 123 1,389 463
Tax % 25% 33% 32% -22% 68% 41% 102% -1% 128% 67% 17% 31%
174 -408 -483 -45 -12 33 -0 -266 19 40 1,153 321
EPS in Rs 26.45 -72.53 -84.44 -8.16 -1.06 5.00 2.51 -28.62 2.83 3.41 164.83 44.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 4%
3 Years: 27%
TTM: 27%
Compounded Profit Growth
10 Years: 11%
5 Years: 263%
3 Years: 165%
TTM: 315%
Stock Price CAGR
10 Years: 21%
5 Years: 38%
3 Years: 53%
1 Year: 40%
Return on Equity
10 Years: -5%
5 Years: 7%
3 Years: 15%
Last Year: 20%

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
Equity Capital 57 57 57 57 57 57 60 69 69 69 69 69
Reserves 1,502 1,175 745 299 293 322 365 251 271 207 1,342 1,643
2,717 3,240 3,671 3,221 3,095 2,970 2,721 2,470 2,303 2,124 1,650 834
2,451 1,956 2,062 1,798 2,130 1,647 1,470 1,517 1,734 2,153 1,579 1,716
Total Liabilities 6,727 6,429 6,535 5,374 5,576 4,996 4,616 4,308 4,377 4,552 4,641 4,262
564 1,465 1,315 354 303 298 280 239 202 265 329 217
CWIP 807 27 11 4 4 16 0 1 28 28 61 0
Investments 107 111 105 198 170 138 6 6 7 7 7 0
5,249 4,826 5,104 4,819 5,098 4,545 4,330 4,062 4,141 4,252 4,244 4,045
Total Assets 6,727 6,429 6,535 5,374 5,576 4,996 4,616 4,308 4,377 4,552 4,641 4,262

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
-118 -376 149 -160 350 421 404 263 222 278 2,611 370
-429 -153 29 75 78 -21 106 30 1 -85 -215 -72
540 533 -158 110 -491 -421 -477 -195 -227 -327 -1,650 -1,011
Net Cash Flow -8 4 20 25 -63 -21 33 98 -3 -135 745 -712

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 149 151 217 180 253 218 126 96 115 111 81 70
Inventory Days 3,248 1,174 29
Days Payable 3,493 1,482 163
Cash Conversion Cycle 149 151 -28 -128 253 218 126 96 115 111 81 -64
Working Capital Days 150 210 147 143 60 64 33 -36 -53 26 25 45
ROCE % 13% -6% -4% 9% 11% 14% 11% 3% 9% 19% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.81% 69.81% 69.81%
0.01% 0.02% 0.05% 0.14% 0.12% 0.12% 0.12% 0.07% 0.07% 0.60% 0.56% 0.61%
0.13% 0.13% 0.13% 0.12% 0.00% 0.13% 0.13% 0.13% 0.13% 0.38% 0.43% 0.48%
30.03% 30.02% 30.00% 29.91% 30.06% 29.91% 29.92% 29.97% 29.97% 29.23% 29.21% 29.10%
No. of Shareholders 18,20117,42418,07719,49819,10818,28717,58916,75816,08516,36616,98420,751

* 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.

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