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Ramco Industries Ltd (RAMCOIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532369 NSE: RAMCOIND Cement & Construction Materials | Small Cap | Ramco Industries Share Price
₹330 2.30 (0.70%)
As on 05-Aug'26 10:35
Ramco Industries Ltd (RAMCOIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532369 NSE: RAMCOIND Cement & Construction Materials | Small Cap | Ramco Industries Share Price
₹330 2.30 (0.70%)
As on 05-Aug'26 10:35
Key Metrics
Valuation Multiples
Market Cap
₹2,846 Cr.
Current Price
₹330
52-Week Low / High
₹231 / 398
TTM EPS
₹12.8
TTM Sales
₹1,444 Cr.
Book Value per Share
₹154.9
P/E Ratio
25.58
Higher than its 5-year historical median
Industry PE
40.1
Price to Book (P/B)
2.12
Higher than its 5-year historical median
Price to Sales (P/S)
1.97
Higher than its 5-year historical median
EV/EBITDA
15.80
Higher than its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
8.56%
Outperforms industry median
Return on Capital Employed (ROCE)
10.80%
Outperforms industry median
Return on Assets (ROA)
6.23%
Operating Profit Margin
9.7%
Net Profit Margin
7.71%
Gross Profit Margin
11.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.93%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
23.78%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
25.92%
Asset Quality
Promoter Holding
54.83%
Pledged shares (%) of Promoter's holding (%)
1.05%
Reserves
₹1,336 Cr.
Equity
₹8.7 Cr.
Face Value
₹1
All Time Low / High
₹4.35 / 398.05
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Ramco Industries Ltd a good quality company?
Ramco Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Ramco Industries Ltd performance compare with that of its Peers?
Revenue growth of Ramco Industries Ltd vs industry peers?
Ramco Industries Ltd revenue CAGR is 7.55%, compared to the industry median CAGR of 5.96%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Ramco Industries Ltd?
Promoters hold 54.83% of the Ramco Industries Ltd, with 1.05% of their stake pledged, indicating low pledge risk.
Stock return of Ramco Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.9% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.8% | 13.4% | 12.6% | 10.9% | 16.4% | 14.8% | 9.3% | 7.4% | 9% | 10.8% | - |
| Value Creation Index ⓘ | -0.2 | 0.0 | -0.1 | -0.2 | 0.2 | 0.1 | -0.3 | -0.5 | -0.4 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 712 | 799 | 898 | 826 | 1,003 | 1,187 | 1,310 | 1,299 | 1,402 | 1,444 | 1,444 |
| Sales YoY Gr. | - | 12.2% | 12.4% | -8% | 21.4% | 18.3% | 10.4% | -0.9% | 8% | 2.9% | - |
| Adj EPS ⓘ | 6.1 | 7.2 | 8.5 | 7.1 | 12.9 | 12.6 | 10.6 | 7.2 | 10 | 12 | 12.8 |
| YoY Gr. | - | 18.6% | 17.4% | -16.1% | 82% | -2.3% | -16% | -32.3% | 39.8% | 19.5% | - |
| BVPS (₹) ⓘ | 68.1 | 76.6 | 84.8 | 90.6 | 104 | 116.1 | 127.3 | 135.5 | 144.4 | 154.9 | 154.9 |
| Adj Net Profit ⓘ | 52.6 | 62.4 | 73.3 | 61.4 | 112 | 109 | 91.9 | 62.1 | 86.9 | 104 | 111 |
| Cash Flow from Ops. ⓘ | -0.5 | 109 | 51.7 | 9.9 | 119 | 21.3 | -37 | 86.8 | 48.2 | 94.2 | - |
| Debt/CF from Ops. ⓘ | -661.6 | 2 | 3.6 | 24.1 | 1.3 | 10.5 | -8.3 | 2.8 | 5.3 | 1.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.2% | 7.6% | 3.3% | 2.9% | ||||
| Adj EPS ⓘ | 7.8% | -1.5% | 4.2% | 19.5% | ||||
| BVPSⓘ | 9.6% | 8.3% | 6.8% | 7.3% | ||||
| Share Price | 8.8% | 0.7% | 21.6% | 12.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.4 | 10 | 10.5 | 8.1 | 13.3 | 11.5 | 8.7 | 5.5 | 7.2 | 8 | 8.3 |
| Op. Profit Mgn % ⓘ | 10.5 | 11.3 | 11.6 | 8.9 | 15.3 | 14.7 | 9.4 | 8.2 | 8 | 9.7 | 9.7 |
| Net Profit Mgn % ⓘ | 7.4 | 7.8 | 8.2 | 7.4 | 11.2 | 9.2 | 7 | 4.8 | 6.2 | 7.2 | 7.7 |
| Debt to Equity ⓘ | 0.6 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 | 0 |
| Working Cap Days ⓘ | 192 | 192 | 172 | 206 | 185 | 169 | 179 | 189 | 176 | 175 | 90 |
| Cash Conv. Cycle ⓘ | 131 | 128 | 116 | 137 | 121 | 121 | 145 | 163 | 151 | 148 | 49 |
Valuation of Ramco Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 3.87 | 3.87 | 5.60 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 1.05 | 1.05 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 712 | 799 | 898 | 826 | 1,003 | 1,187 | 1,310 | 1,299 | 1,402 | 1,444 |
| Operating Expenses ⓘ + | 639 | 709 | 794 | 753 | 852 | 1,016 | 1,188 | 1,196 | 1,290 | 1,305 |
| Operating Profit ⓘ | 73 | 90 | 103 | 73 | 151 | 170 | 122 | 102 | 112 | 139 |
| Operating Profit Margin (%) | 10.3% | 11.2% | 11.5% | 8.9% | 15.0% | 14.3% | 9.3% | 7.9% | 8.0% | 9.6% |
| Other Income ⓘ + | 43 | 42 | 34 | 53 | 47 | 28 | 29 | 36 | 53 | 51 |
| Interest ⓘ | 34 | 22 | 15 | 15 | 9 | 9 | 19 | 25 | 17 | 18 |
| Depreciation ⓘ | 21 | 23 | 25 | 26 | 28 | 29 | 31 | 35 | 33 | 34 |
| Profit Before Tax ⓘ | 73 | 99 | 98 | 91 | 160 | 160 | 104 | 80 | 115 | 146 |
| Tax ⓘ | 13 | 27 | 25 | 26 | 50 | 53 | 7 | 20 | 27 | 35 |
| Profit After Tax | 60 | 72 | 73 | 66 | 111 | 107 | 97 | 60 | 88 | 111 |
| PAT Margin (%) | 8.4% | 9.0% | 8.2% | 7.9% | 11.1% | 9.0% | 7.4% | 4.6% | 6.3% | 7.7% |
| Adjusted EPS (₹) | 6.9 | 8.3 | 8.5 | 7.6 | 12.8 | 12.3 | 11.2 | 6.9 | 10.2 | 12.8 |
| Dividend Payout Ratio (%) | 7.20% | 6% | 5.90% | 6.60% | 7.80% | 8.10% | 8.90% | 10.90% | 9.80% | 9.80% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 590 | 664 | 735 | 785 | 901 | 1,006 | 1,105 | 1,176 | 1,254 | 1,345 | |
| Debt + | 299 | 186 | 157 | 207 | 142 | 212 | 292 | 234 | 221 | 134 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 51 | 35 | 39 | 60 | 67 | 30 | 23 | 27 | 39 | 25 | |
| Others Liabilities ⓘ | 173 | 188 | 195 | 209 | 226 | 258 | 236 | 223 | 272 | 282 | |
| Total Liabilities ⓘ | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,660 | 1,785 | 1,785 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 396 | 394 | 414 | 438 | 447 | 498 | 536 | 537 | 531 | 529 | |
| CWIP ⓘ | 2 | 5 | 1 | 19 | 34 | 17 | 11 | 5 | 4 | 14 | |
| Investments ⓘ | 241 | 247 | 260 | 281 | 337 | 397 | 400 | 441 | 538 | 525 | |
| Inventories | 305 | 233 | 251 | 317 | 334 | 368 | 556 | 544 | 537 | 534 | |
| Trade Receivables | 73 | 87 | 93 | 78 | 89 | 110 | 61 | 68 | 99 | 89 | |
| Cash Equivalents | 6 | 6 | 10 | 17 | 8 | 7 | 9 | 12 | 5 | 22 | |
| Others Assets ⓘ | 89 | 102 | 97 | 112 | 87 | 111 | 82 | 52 | 71 | 73 | |
| Total Assets ⓘ | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,660 | 1,785 | 1,785 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -1 | 109 | 52 | 10 | 119 | 21 | -37 | 87 | 48 | 94 |
| Cash Flow From Investing Activity ⓘ + | 43 | 42 | -4 | -30 | -25 | -85 | -16 | 16 | -48 | 37 |
| Cash Flow From Financing Activity ⓘ + | -46 | -150 | -44 | 27 | -103 | 63 | 56 | -99 | -8 | -114 |
| Net Cash Flow ⓘ | -4 | 1 | 4 | 7 | -9 | -1 | 2 | 3 | -8 | 18 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.75 | 11.49 | 10.46 | 8.62 | 13.14 | 11.21 | 9.22 | 5.23 | 7.27 | 8.56 |
| ROCE (%) | 11.79 | 13.39 | 12.57 | 10.88 | 16.37 | 14.78 | 9.31 | 7.35 | 9.03 | 10.8 |
| Asset Turnover Ratio | 0.75 | 0.77 | 0.83 | 0.7 | 0.77 | 0.83 | 0.83 | 0.79 | 0.82 | 0.82 |
| PAT to CFO Conversion(x) | -0.02 | 1.51 | 0.71 | 0.15 | 1.07 | 0.2 | -0.38 | 1.45 | 0.55 | 0.85 |
| Working Capital Days | ||||||||||
| Receivable Days | 32.40 | 34.70 | 36.10 | 37.20 | 30.40 | 30.70 | 23.80 | 17.90 | 21.50 | 23.40 |
| Inventory Days | 124.70 | 116.60 | 96.80 | 123.40 | 118.50 | 107.90 | 128.70 | 152.70 | 139.10 | 133.60 |
| Payable Days | 41.80 | 37.30 | 29.80 | 44.90 | 46.60 | 30.40 | 13.30 | 12.30 | 14.90 | 14.70 |
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Announcements
Ramco Industries Ltd FAQs
The current trading price of Ramco Industries on 05-Aug-2026 10:35 is ₹330.0.
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 04-Aug-2026 the market cap of Ramco Industries stood at ₹2,845.8 Cr
The latest P/E ratio of Ramco Industries as of 04-Aug-2026 is 25.58.
The latest P/B ratio of Ramco Industries as of 04-Aug-2026 is 2.12.
The 52-week high of Ramco Industries is ₹398.1 and the 52-week low is ₹230.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ramco Industries is ₹1,444 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ramco Industries Ltd is a average quality company.
The key valuation ratios of Ramco Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ramco Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
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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