Ramky Infrastructure Ltd
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]
- Market Cap ₹ 2,792 Cr.
- Current Price ₹ 404
- High / Low ₹ 706 / 382
- Stock P/E 12.3
- Book Value ₹ 312
- Dividend Yield 0.00 %
- ROCE 13.7 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.4% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of 13.6% over last 3 years.
- Promoters have pledged 25.7% of their holding.
- Earnings include an other income of Rs.255 Cr.
- Company has high debtors of 152 days.
- Working capital days have increased from 13.8 days to 101 days
* 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
Industrials Construction Construction Civil Construction
Part of BSE Industrials 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,644 | 2,048 | 1,719 | 1,578 | 1,749 | 1,387 | 1,056 | 1,459 | 1,705 | 2,161 | 2,045 | 1,846 | |
| 1,802 | 2,118 | 1,601 | 1,567 | 1,572 | 1,432 | 954 | 1,253 | 1,367 | 1,649 | 1,708 | 1,616 | |
| Operating Profit | -158 | -69 | 118 | 11 | 177 | -45 | 103 | 205 | 338 | 512 | 336 | 230 |
| OPM % | -10% | -3% | 7% | 1% | 10% | -3% | 10% | 14% | 20% | 24% | 16% | 12% |
| 52 | 503 | 391 | 525 | 253 | 169 | 185 | 322 | 1,456 | 158 | 166 | 255 | |
| Interest | 515 | 397 | 399 | 369 | 378 | 341 | 325 | 373 | 363 | 158 | 120 | 73 |
| Depreciation | 92 | 66 | 59 | 55 | 48 | 45 | 32 | 31 | 42 | 48 | 51 | 57 |
| Profit before tax | -712 | -29 | 50 | 111 | 3 | -263 | -70 | 123 | 1,389 | 463 | 331 | 354 |
| Tax % | -32% | 22% | 68% | 41% | 102% | 1% | -128% | 67% | 17% | 31% | 36% | 20% |
| -483 | -45 | -12 | 33 | -0 | -266 | 19 | 40 | 1,153 | 321 | 210 | 283 | |
| EPS in Rs | -84.44 | -8.16 | -1.06 | 5.00 | 2.51 | -28.62 | 2.83 | 3.41 | 164.83 | 44.48 | 28.54 | 39.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 12% |
| 3 Years: | 3% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 68% |
| 3 Years: | 45% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 20% |
| 3 Years: | 0% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 11% |
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 | 57 | 57 | 57 | 57 | 60 | 69 | 69 | 69 | 69 | 69 | 69 | 69 |
| Reserves | 745 | 299 | 293 | 352 | 389 | 251 | 271 | 207 | 1,342 | 1,643 | 1,835 | 2,093 |
| 3,671 | 3,221 | 3,095 | 2,970 | 2,721 | 2,470 | 2,303 | 2,124 | 1,650 | 834 | 570 | 591 | |
| 2,062 | 1,798 | 2,130 | 1,616 | 1,446 | 1,517 | 1,734 | 2,153 | 1,579 | 1,709 | 1,706 | 1,370 | |
| Total Liabilities | 6,535 | 5,374 | 5,576 | 4,996 | 4,616 | 4,308 | 4,377 | 4,552 | 4,641 | 4,256 | 4,181 | 4,124 |
| 1,315 | 354 | 303 | 298 | 280 | 239 | 202 | 265 | 329 | 217 | 206 | 186 | |
| CWIP | 11 | 4 | 4 | 16 | 0 | 1 | 28 | 28 | 61 | 0 | 0 | 1 |
| Investments | 105 | 198 | 170 | 138 | 6 | 6 | 7 | 7 | 7 | 0 | 0 | 0 |
| 5,104 | 4,819 | 5,098 | 4,545 | 4,330 | 4,062 | 4,141 | 4,252 | 4,244 | 4,039 | 3,975 | 3,937 | |
| Total Assets | 6,535 | 5,374 | 5,576 | 4,996 | 4,616 | 4,308 | 4,377 | 4,552 | 4,641 | 4,256 | 4,181 | 4,124 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 149 | -160 | 350 | 421 | 404 | 263 | 222 | 278 | 2,611 | 370 | 373 | -262 | |
| 29 | 75 | 78 | -21 | 106 | 30 | 1 | -85 | -215 | -72 | -11 | 413 | |
| -158 | 110 | -491 | -421 | -477 | -195 | -227 | -327 | -1,650 | -1,011 | -380 | -69 | |
| Net Cash Flow | 20 | 25 | -63 | -21 | 33 | 98 | -3 | -135 | 745 | -712 | -18 | 82 |
| Free Cash Flow | 150 | -160 | 410 | 358 | 390 | 259 | 185 | 184 | 2,477 | 262 | 229 | 3 |
| CFO/OP | -87% | 211% | 297% | 3,487% | 227% | -565% | 171% | 128% | 768% | 87% | 125% | -79% |
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 | 217 | 180 | 253 | 218 | 126 | 96 | 115 | 111 | 81 | 70 | 67 | 152 |
| Inventory Days | 3,248 | 1,174 | 27 | |||||||||
| Days Payable | 3,493 | 1,482 | 203 | |||||||||
| Cash Conversion Cycle | -28 | -128 | 253 | 218 | 126 | 96 | 115 | 111 | 81 | 70 | 67 | -25 |
| Working Capital Days | -153 | 28 | -56 | -31 | -47 | -134 | -164 | -409 | -249 | 2 | -62 | 101 |
| ROCE % | -4% | 9% | 11% | 14% | 11% | 3% | 9% | 19% | 16% | 21% | 17% | 14% |
Insights
In beta| Jun 2017 | Dec 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Permanent Employees Count ・Standalone data |
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| Order Book Rs Crore ・Standalone data |
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| O&M Share of Order Book % ・Standalone data |
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| Bid Pipeline USD Million ・Standalone data |
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| Order Inflow Rs Crore ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window 25 Jun
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Corporate Action-Board to consider Dividend
27 May - FY26 audited results approved, 10% final dividend proposed, CS resigns by 30 June 2026, UAE subsidiary planned.
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Announcement under Regulation 30 (LODR)-Dividend Updates
27 May - Board approved FY26 audited results, 10% final dividend, CS resignation by 30.06.2026, and UAE subsidiary incorporation.
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Announcement under Regulation 30 (LODR)-Change in Management
27 May - N. Kesava Datta resigned as Company Secretary and Compliance Officer; relief by 30 June 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
27 May - Company Secretary N. Kesava Datta resigned on 26.05.2026; relieved by 30.06.2026.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2012
from nse
Business Segments
Construction Business (72% in FY24 vs ~64% in FY23): [1] The Co. operates the EPC business in the water and wastewater, irrigation, industrial construction, transportation, building construction, and power and distribution sectors. [2]