MarketFriction

Ramco Industries Ltd

NSE RAMCOIND · BSE 532369 · Other Construction Materials
₹302.30 -1.72%
NSE close2026-10-01
52 week range230.65 - 395.50
Market cap₹2,694 Cr.
P/E8.56
Price band 20% Delivery 52.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales316334365543353344423532365392502614
Expenses287300325486312307379464313345437509
Operating Profit2934405741374468524765105
OPM %9%10%11%10%12%11%10%13%14%12%13%17%
Other Income33433463431313
Interest676434554543
Depreciation99109999999910
Profit before tax1820284733273557433664106
Tax %56%36%30%23%60%43%19%20%53%40%25%25%
Net Profit-426443917893666411128887
EPS in Rs-0.483.045.054.541.9410.244.117.564.7112.9110.099.97
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8658819321,0369741,2091,4601,4581,5011,6741,7921,873
Expenses7857648149098711,0141,2341,3051,3451,4951,5601,603
Operating Profit80117118128103195226152157179233269
OPM %9%13%13%12%11%16%15%10%10%11%13%14%
Other Income43224424462282414152333
Interest40342215151092125171816
Depreciation252628293133333437363738
Profit before tax5779112107103175193122109142200249
Tax %-0%30%30%30%33%34%34%12%33%34%32%
Net Profit192205176172170279303124106181306327
EPS in Rs22.2123.6320.3119.8919.5632.1634.9514.2812.1820.8435.2737.68
Dividend Payout %2%2%2%3%3%3%3%7%6%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%8%7%13%
Compounded Profit Growth5%1%34%52%
Stock Price CAGR7%1%20%-11%
Return on Equity6%5%5%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital999999999999
Reserves6022,5142,7072,8773,0443,2013,4753,7503,8754,0524,2244,513
Borrowings413363336213187238152224308242258171
Other Liabilities140173211217224266332312273273292284
Total Liabilities1,1643,0593,2633,3153,4643,7133,9684,2944,4654,5754,7834,977
Fixed Assets407407424424443467472523563565559557
CWIP102211105213619126517
Investments2612,1292,2702,3662,4772,6022,8173,0533,0583,1723,3403,485
Other Assets487501558515539624643699832832879918
Total Assets1,1643,0593,2633,3153,4643,7133,9684,2944,4654,5754,7834,977
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity897947126883619088-43135133201
Cash from Investing Activity-156-913-33-63-73-138-27-21-108-37
Cash from Financing Activity-77-57-48-150-3627-1046354-100-11-114
Net Cash Flow-328-9-122001413-17141450
Free Cash Flow69405812745-3013621-109102104150
CFO/OP113%95%27%101%62%45%103%45%-24%92%82%94%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303030353331282315172218
Inventory Days195202256207194264217203273262232235
Days Payable285046363350482611131711
Cash Conversion Cycle198183239206194246197200277267237242
Working Capital Days141311493436433362707580
ROCE %7%4%3%4%4%3%5%5%3%3%4%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.88%53.88%54.81%54.81%54.81%54.81%54.81%54.81%54.79%54.79%54.79%54.84%
FIIs0.71%0.90%0.85%0.98%0.96%1.42%0.81%1.12%1.26%0.82%0.82%1.00%
DIIs4.24%4.18%4.18%4.18%4.18%4.18%4.19%3.85%3.51%3.25%3.35%3.35%
Public41.16%41.04%40.16%40.03%40.04%39.59%40.18%40.20%40.44%41.16%41.06%40.81%
No. of Shareholders32,80934,25734,27131,88732,92532,18831,58030,39830,45930,29629,08631,622

Fundamentals

Market Cap₹ 2,694 Cr.
Current Price₹ 310
Stock P/E8.56
Book Value₹ 521
ROCE4.57 %
ROE6.75 %
Dividend Yield0.40 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)52%
Consolidated figures.
Valuation
Market capRs 2,624 Cr
Enterprise valueRs 2,644 Cr
P/E (TTM)8.02x
Price to book0.58x
Price to sales1.40x
EV / EBITDA8.75x
EV / EBIT10.00x
EV / sales1.41x
Price to cash flow13.06x
Earnings yield12.47%
Dividend yield0.00%
P/E, 3-year average11.34x
P/B, 3-year average0.45x
P/E, 5-year average9.74x
P/B, 5-year average0.42x
Profitability
Operating margin (excl. other income)12.98%
Operating margin (incl. other income)14.24%
EBITDA margin16.13%
Pre-tax margin13.29%
Net profit margin17.47%
Net margin, latest quarter14.11%
ROE7.00%
ROCE4.75%
ROA6.28%
ROE, 3-year average4.67%
ROCE, 3-year average3.83%
ROA, 3-year average4.16%
ROE, 5-year average5.13%
ROCE, 5-year average4.05%
ROA, 5-year average4.53%
ROIC (approx.)3.94%
Tax rate32.32%
Other income / net worth0.50%
Growth
Sales growth (latest year)7.06%
Profit growth (latest year)69.29%
Sales CAGR, 3 years7.13%
Sales CAGR, 5 years8.19%
Profit CAGR, 3 years35.17%
Profit CAGR, 5 years1.90%
Sales growth QoQ22.31%
Profit growth QoQ-1.19%
Sales growth YoY (latest quarter)15.48%
Profit growth YoY (latest quarter)31.94%
Per share
EPS (TTM)Rs 37.70
EPS (latest year)Rs 35.28
EPS (latest quarter)Rs 9.98
EPS, 3-year averageRs 22.77
EPS, 5-year averageRs 23.51
Book value per shareRs 520.97
Sales per shareRs 215.75
Cash flow per shareRs 23.15
Free cash flow per shareRs 17.28
Dividend per share (latest year)Rs 0.01
Dividend per share, 3-year averageRs 0.26
Dividend per share, 5-year averageRs 0.55
Dividends
Dividend payout0.04%
Dividend payout, 3-year average2.08%
Dividend payout, 5-year average3.22%
Efficiency
Asset turnover0.36x
Fixed asset turnover3.22x
Inventory turnover2.06x
Inventory days177 days
Debtor days18 days
Debtors turnover20.42x
Creditor days11 days
Cash conversion cycle242 days
Working capital days80 days
Leverage
Total debtRs 171 Cr
Cash and bankRs 151 Cr
Net debtRs 20 Cr
Debt to equity0.04x
Net debt / EBITDA0.07x
Interest coverage16.82x
Current ratio (filing 2026-03-31)2.55x
Quick ratio (filing 2026-03-31)0.75x
Trade payables (filing 2026-03-31)Rs 28 Cr
Owners' fund to total sources90.86%
Debt to assets3.45%
Cash flow
Cash from Operating Activity (latest year)Rs 201 Cr
Cash from Investing Activity (latest year)Rs -37 Cr
Cash from Financing Activity (latest year)Rs -114 Cr
Net Cash Flow (latest year)Rs 50 Cr
Free cash flow (latest year)Rs 150 Cr
FCFE (approx.: FCF + change in debt)Rs 63 Cr
Cash from ops / profit, 5 years0.50x
Sales to cash flow8.92x
Statement figures
Net sales (TTM)Rs 1,873 Cr
Net sales (latest year)Rs 1,792 Cr
Sales (latest quarter)Rs 614 Cr
Operating profit excl. other income (latest year)Rs 233 Cr
Operating profit (latest quarter)Rs 105 Cr
Other income (TTM)Rs 33 Cr
EBITDA (TTM)Rs 302 Cr
PBDT (TTM)Rs 286 Cr
Profit before tax (TTM)Rs 249 Cr
Tax (latest year)Rs 65 Cr
Net profit (TTM)Rs 327 Cr
Net profit (latest year)Rs 306 Cr
Net profit (latest quarter)Rs 87 Cr
Depreciation (TTM)Rs 38 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 1,301 Cr
Total expenditure (latest year)Rs 1,560 Cr
Total income (latest year)Rs 1,815 Cr
Share capitalRs 9 Cr
ReservesRs 4,513 Cr
Shareholders' fundsRs 4,522 Cr
Total assetsRs 4,977 Cr
Net blockRs 557 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 3,485 Cr
ReceivablesRs 88 Cr
InventoryRs 631 Cr
Other liabilitiesRs 284 Cr
Shares outstanding (crore)8.68
Ownership
Promoter holding54.84% (+0.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 8.0 is at the 20th percentile of its own 9.4-year range (median 10.1, low 3.6, high 24.9).
P/B 0.58 is at the 53th percentile (median 0.56).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAMCOINDNifty 50Difference
1 week-6.1%-2.8% -3.3 pts
1 month-6.6%-6.8% +0.2 pts
3 months-10.1%-7.6% -2.4 pts
6 months+29.3%+0.4% +28.9 pts
1 year-18.2%-9.9% -8.3 pts
2 years+25.2%-13.6% +38.8 pts
3 years+66.9%+14.2% +52.7 pts
5 years-0.5%+27.9% -28.4 pts
2 mutual fund schemes hold about ₹75 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Tata Small Cap Fund0.57%75 +3%
Motilal Oswal BSE 1000 Index Fund0.01%0 +11%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹614 Cr +15.4% vs Jun 2025. Net profit ₹87 Cr +31.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-13Dividend - Rs 1.25 Per Share
2025-08-06Dividend - Re 1 Per Sh
2024-08-09Dividend - Re 0.75 Per Share
2023-08-03Annual General Meeting/Dividend - Re 1 Per Share
2022-08-02Annual General Meeting/Dividend - Rs 1 Per Share
2021-08-11 Annual General Meeting
2021-03-22 Interim Dividend - Re 1 Per Share
2020-08-28 Annual General Meeting
2020-03-11 Interim Dividend - Rs 0.50 Per Share
2019-07-31 Annual General Meeting/Dividend Rs 0.50 Per Sh
2018-07-26 Annual General Meeting/Dividend- Re 0.50 Per Share
2017-07-27 Dividend - Re 0.50 Per Share
2016-03-18 Interim Dividend - Re 0.50/- Per Share (Purpose Revised)
2015-09-15 Annual General Meeting/ Dividend - Re 0.30/- Per Share
2014-07-18Annual General Meeting/Dividend Re 0.25/- Per Share
2013-07-19Annual General Meeting/Dividend Re 0.20/- Per Share
2013-02-15Interim Dividend Re 0.90 Per Share (Purpose Revised)
2012-07-26Annual General Meeting And Dividend Re.0.20 Per Share (Bc End Date Revised)
2012-03-27Interim Dividend Re.0.90 Per Share (Purpose Revised)
2011-08-02Annual General Meeting And Dividend Re.0.40 Per Share
2010-11-01Interim Dividend-Re.0.50 Per Share (Purpose Revised)
2010-07-23Annual General Meeting / Dividend Re.0.40 Per Share
2009-10-30Int Div-Re.0.45 Per Sharepurpose Revised
2009-09-14Fv Spl-Rs10tore1/Bon-1:10.1000
2009-07-28Agm/Div-Rs.5/- Per Share
2009-02-042nd Interim Dividend-50% Purpose Revised
2008-10-29Interim Dividend - 50% Purpose Revised
2008-08-01Agm/Dividend - 50%
2008-02-052nd Int Div-Rs.5 Per Sh Purpose Revised
2007-10-26Int Div-Rs.5.00 Per Sh Purpose Revised
2007-07-18Agm/Final Dividend-50%
2007-02-022nd Int Div-Rs.5/- Per Shpurpose Revised
2006-11-03Int. Div.-Rs. 5/- Per Sh Purpose Revised
2006-07-18Agm/Final Dividend-50%
DateTypeWhat it says
2026-09-16Shareholder meetingWith copy of minutes of Annual General Meeting held on August 20, 2026
2026-08-21Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of undefined held on August 20, 2026
2026-08-10Board meeting outcomeRamco Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28Updates61st AGM - updates. Copy of Communication sent to shareholders, who have registered their e-mail addresses, providing the weblink to access the Compan...
2026-07-28Updates61st AGM - updates. Copy of Communication sent to shareholders, who have not registered their e-mail addresses, providing the weblink and exact path t...
2026-07-27Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-06Shareholder meetingVoting results.
2026-07-06Director changeChange in Director(s) of the company.
2026-07-06Shareholder meetingRamco Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-06-05Shareholder meetingNotice of Postal Ballot
2026-05-27General UpdatesGeneral Updates
2026-05-27General UpdatesGeneral Updates
2026-05-27Record DateRecord date for the purpose of Dividend is 13-Aug-2026.
2026-05-27Board meeting outcomeRamco Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20Disclosure under SEBI TakeovRamco Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-05-20Disclosure under SEBI TakeovRamco Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-05-04General UpdatesGeneral Updates
2026-03-26LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-02-11Board meeting outcomeOutcome of Board Meeting held on February 11, 2026.
2026-02-11Board meeting outcomeRamco Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-30LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-01-29UpdatesRelodgement of Transfer Requests of physical shares - Report for the month ended 31.12.2025 and for the period from 1.1.2026 to 6.1.2026 is enclosed.
2025-12-18UpdatesRelodgement of transfer requests of physical shares - Report for the month of November, 2025 - enclosed.
2025-12-04Credit RatingCredit Rating
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-07-12CESTATRAMCO INDUSTRIES LTD ---VS.--- JAIPUR I
2019-03-14CESTATRAMCO INDUSTRIES LTD ---VS.--- JAIPUR-I
2019-02-07CESTATRAMCO INDUSTRIES LTD ---VS.--- JAIPUR-I
2018-11-01CESTATRAMCO INDUSTRIES LTD ---VS.--- JAIPUR-I
2018-11-01CESTATRAMCO INDUSTRIES LTD ---VS.--- JAIPUR-I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ramco Industries Ltd?

Ramco Industries Ltd (RAMCOIND) has a market capitalisation of Rs 2,694 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ramco Industries Ltd?

Ramco Industries Ltd trades at a P/E of 8.56 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ramco Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Ramco Industries Ltd sales was Rs 614 Cr (+15.4% vs Jun 2025) and net profit was Rs 87 Cr.

What is the 52-week high and low of Ramco Industries Ltd?

The 52-week high is Rs 395.50 and the 52-week low is Rs 230.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03