Ramco Industries Ltd - Stock Valuation and Financial Performance

BSE: 532369 | NSE: RAMCOIND | Cement & Construction Materials | Small Cap

Ramco Inds. Share Price

200.15 -4.00 -1.96%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ramco Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Ramco Industries stock performance -

mw4me loader
P/E Ratio (SA):
19.81
Market Cap:
1,744 Cr.
52-wk low:
118.5
52-wk high:
272

Is Ramco Industries Ltd an attractive stock to invest in?

1. Is Ramco Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ramco Industries Ltd is a below average quality company.

2. Is Ramco Industries Ltd undervalued or overvalued?

The key valuation ratios of Ramco Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ramco Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ramco Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ramco Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ramco Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2%4.6%6.2%8.4%8.6%9.3%7.4%11.4%10.1%8.1%-
Value Creation
Index
-0.9-0.7-0.6-0.4-0.4-0.3-0.5-0.2-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6697357077127998988261,0031,1871,3101,270
Sales YoY Gr.-9.9%-3.8%0.7%12.2%12.4%-8%21.4%18.3%10.4%-
Adj EPS -0.71.63.16.17.28.57.112.912.610.810.1
YoY Gr.-NA91.3%97.1%18.6%17.4%-16.1%82%-2.3%-14.1%-
BVPS (₹) 53.15560.568.176.684.890.6104116.1127.3135.2
Adj Net
Profit
-5.913.926.752.662.473.361.41121099488
Cash Flow from Ops. 79.661.622.7-0.510951.79.911921.3-37-
Debt/CF from Ops. 56.615.8-661.623.624.11.310.5-8.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.8%10.4%16.6%10.4%
Adj EPS NA8.5%15.2%-14.1%
BVPS10.2%10.7%12%9.6%
Share Price 18% -1.2% -7.9% 61%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-1.335.39.41010.58.113.311.58.97.7
Op. Profit
Mgn %
5.85.4610.511.311.68.915.314.79.48
Net Profit
Mgn %
-0.91.93.87.47.88.27.411.29.27.26.9
Debt to
Equity
0.90.90.70.60.30.30.30.20.20.3-
Working Cap
Days
203174183192192172206185169179113
Cash Conv.
Cycle
14612312813112811613712112114539

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.60%

Net Profit is growing at healthy rate in last 3 years 15.17%

Return on Equity has declined versus last 3 years average to 7.70%

Sales growth is not so good in last 4 quarters at -0.72%

Latest Financials - Ramco Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 10.1 13.9
TTM Sales (₹ Cr.) 1,270 1,480
BVPS (₹.) 135.2 460.8
Reserves (₹ Cr.) 1,165 3,991
P/BV 1.49 0.44
PE 19.81 14.51
From the Market
52 Week Low / High (₹) 118.45 / 272.00
All Time Low / High (₹) 4.35 / 366.00
Market Cap (₹ Cr.) 1,744
Equity (₹ Cr.) 8.7
Face Value (₹) 1
Industry PE 41.8

Management X-Ray of Ramco Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.515.513.383.382.102.101.880.640.640.64
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ramco Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6697357077127998988261,0031,1871,310
Operating Expenses 6306956686397097947538521,0161,188
Manufacturing Costs77838793102116119111144156
Material Costs435461434391422455404499583726
Employee Cost 47546167718192100114121
Other Costs 71978687114142139142175185
Operating Profit 394039739010373151170122
Operating Profit Margin (%) 5.8%5.4%5.6%10.3%11.2%11.5%8.9%15.0%14.3%9.3%
Other Income 23263543423453472829
Interest 343740342215159919
Depreciation 43192021232526282931
Exceptional Items 01012121305003
Profit Before Tax -15202773999891160160104
Tax -9-1-61327252650538
Profit After Tax -621336072736611110796
PAT Margin (%) -0.9%2.8%4.7%8.4%9.0%8.2%7.9%11.0%9.0%7.3%
Adjusted EPS (₹)-0.72.43.96.98.38.57.612.812.311.0
Dividend Payout Ratio (%)-36%12%21%7%6%6%7%8%8%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4604775245906647357859011,0061,105
Share Capital 9999999999
Reserves 4514685155816567277768929981,096
Minority Interest0000000000
Debt348316310299186157207142212292
Long Term Debt17410913665562626241531
Short Term Debt174207175234130132182118197261
Trade Payables20373851353960673023
Others Liabilities 128177138173188195209226258236
Total Liabilities 9561,0061,0101,1121,0731,1261,2621,3361,5071,656

Fixed Assets

Gross Block7027227347747818128568719471,005
Accumulated Depreciation332351359378387398418424449469
Net Fixed Assets370370376396394414438447498536
CWIP 631425119341711
Investments 203213235241247260281337397400
Inventories221260242305233251317334368556
Trade Receivables656969738793788911061
Cash Equivalents 13710661017879
Others Assets78836589102971128711182
Total Assets 9561,0061,0101,1121,0731,1261,2621,3361,5071,656

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 806223-1109521011921-37
PBT -6212873999891160160104
Adjustment 4819-9-15-19-8-31-27-1416
Changes in Working Capital 41233-6219-36-46-9-121-151
Tax Paid -4-1149-3-5-5-4-6
Cash Flow From Investing Activity -341294342-4-30-25-85-16
Capex -166-21-25-41-7-45-47-37-81-65
Net Investments 049130-10-25-41-612
Others 132194571495043535746
Cash Flow From Financing Activity -46-68-49-46-150-4427-1036356
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -17-6529-71-20-270-22-820
Interest Paid -34-37-38-35-22-14-15-9-9-20
Dividend Paid -2-2-70-4-4-9-90-9
Others 736-3260-104250-637964
Net Cash Flow 0-52-4147-9-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.294.476.6610.7511.4910.468.6213.1411.219.08
ROCE (%)2.156.557.5711.7913.3912.5710.8816.3714.789.31
Asset Turnover Ratio0.740.830.780.750.770.830.70.770.830.83
PAT to CFO Conversion(x)N/A2.950.7-0.021.510.710.151.070.2-0.39
Working Capital Days
Receivable Days33303232353637303124
Inventory Days12610811712511797123118108129
Payable Days18223242373045473013

Ramco Industries Ltd Stock News

Ramco Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ramco Inds. on 28-Mar-2024 16:01 is ₹200.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Ramco Inds. stood at ₹1,744.
The latest P/E ratio of Ramco Inds. as of 28-Mar-2024 16:01 is 19.81.
The latest P/B ratio of Ramco Inds. as of 28-Mar-2024 16:01 is 1.49.
The 52-week high of Ramco Inds. is ₹272.0 and the 52-week low is ₹118.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ramco Inds. is ₹1,270 ( Cr.) .

About Ramco Industries Ltd

Ramco Industries Limited is part of the $1 billion Ramco Group with interests in Cement, Dry Wall & Ceiling products, Roofing products, Cotton yarn, Surgical cotton and Computer Software.

With many plants across South Asia and lots of strong partner network, the company is one of the leading building materials manufacturers in South Asia and has been at the forefront of innovation answering perplexing challenges with definitive solutions.

The company’s first plant to manufacture roofing sheets was set up at Arakkonam, Tamil Nadu in 1967. Apart from the Arakkonam plant, the company operates eight modern plants manufacturing high quality fibre cement roofing sheets in India today: Gangaikondan - Tamil Nadu, Karur - Karnataka, Maksi - Madhya Pradesh, Silvassa - UT of Dadra & Nagar Haveli, Kharagpur - West Bengal, Vijayawada - Andhra Pradesh, Anjar - Gujarat, Bihiya - Bihar. The present aggregate capacity for Fibre Cement Sheets manufacture in India is over lakhs of tons per annum.

The company introduced the Ramco Hilux Calcium Silicate Board, a versatile building material, using technology from the A & A Corporation, Japan. These boards are rapidly replacing conventional building materials such as Gypsum boards, Plywood & Plaster of Paris across the international markets by virtue of their sheer versatility. Several landmark and iconic structures that have stood the test of time bear the Hilux stamp of excellence, signifying stronger, safer and aesthetically appealing buildings. Ramco Hilux boards and tiles are manufactured at the world class plant at Keshwana, Rajasthan.

Business area of the company

The company is engaged in manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). The company’s segments are building products, textiles and power generation from wind mills. The company caters mainly to the domestic markets. The company is also engaged in sale of surplus electricity generated from its windmills after meeting its captive requirements.

Products

  • Ramco Hilux
  • Ramco Hicem
  • Ramco Greencor
  • Ramco Poweroof
  • Accessories
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