Arthneeti

Ramco Industries Share Price & Earnings Call Analysis

₹290.70-1.84% today
Market cap
₹2,524 Cr
P/E
8.02
ROE
6.75%
PEG
0.24
Price to sales
1.35
Debt to equity
0.04
52W high / low
₹377 / ₹234
Sales growth (5Y)
8.19%
EBITDA margin
14.38%
Net profit margin
16.50%
Promoter holding
54.84%
Sales (last year)
₹1,873 Cr

Part of the Chennai-based Ramco Group; Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.

Potential multibaggers · Q2 FY27

Potential multibaggers in Other Construction Materials
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Glass Wall Syst.Good growth
    3
See all potential multibaggersWhere does Ramco Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Other Construction Materials companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹28 Cr9.1
240%+Flat₹1,139 Cr17.2
3Glass Wall Syst.20–40%Flat₹1,863 Cr26.2
420–40%Flat₹387 Cr9.2
510–20%Up 0–2%₹346 Cr6.3

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Pro shows every company guiding 40%+ revenue growth →Full Other Construction Materials ranking

Financials of Ramco Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Ramco Industries

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +350487316334365543353344423527365392502
Expenses +316433287300325486312307379459313345437
Operating Profit34542934405741374468524765
OPM %10%11%9%10%11%10%12%11%10%13%14%12%13%
Other Income +74334334634313
Interest7667643455454
Depreciation99991099999999
Profit before tax25431820284733273557433664
Tax %-73%23%56%36%30%23%60%43%19%20%53%40%25%
Net Profit +5840-4264439178936664111288
EPS in Rs6.734.56-0.483.045.054.541.9410.244.117.564.7112.9110.09

Financials of Ramco Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +8638658819321,0369741,2091,4601,4581,5011,6591,792
Expenses +7837857648149098711,0141,2341,3051,3451,4791,560
Operating Profit8080117118128103195226152157179232
OPM %9%9%13%13%12%11%16%15%10%10%11%13%
Other Income +21432244244622824141523
Interest38403422151510921251718
Depreciation252526282931333334373637
Profit before tax395779112107103175193122109142200
Tax %7%-0%30%30%30%33%34%34%12%33%34%32%
Net Profit +90192205176172170279303124106181306
EPS in Rs10.3922.2123.6320.3119.8919.5632.1634.9514.2812.1820.8435.27
Dividend Payout %3%2%2%2%3%3%3%3%7%6%5%4%

Financials of Ramco Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital999999999999
Reserves6022,5142,7072,8773,0443,2013,4753,7503,8754,0524,2244,342
Borrowings +413363336213187238152224308242256174
Other Liabilities +140173211217224266332312273254294282
Total Liabilities1,1643,0593,2633,3153,4643,7133,9684,2944,4654,5564,7834,806
Fixed Assets +407407424424443467472523563565559549
CWIP102211105213619126513
Investments2612,1292,2702,3662,4772,6022,8173,0533,0583,1723,3403,388
Other Assets +487501558515539624643699832813879856
Total Assets1,1643,0593,2633,3153,4643,7133,9684,2944,4654,5564,7834,806

Financials of Ramco Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +897947126883619088-43135132
Cash from Investing Activity +-156-913-33-63-73-138-27-21-107
Cash from Financing Activity +-77-57-48-150-3627-1046354-100-11
Net Cash Flow-328-9-122001413-171414
Free Cash Flow69405812745-3013621-109102104
CFO/OP113%95%27%101%62%45%103%45%-24%92%81%

Financials of Ramco Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3030303533312823151722
Inventory Days195202256207194264217203273262232
Days Payable2850463633504826111317
Cash Conversion Cycle198183239206194246197200277267237
Working Capital Days1413114934364333627078
ROCE %7%4%3%4%4%3%5%5%3%3%4%
26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−15.8%42%
Last 6 months+11.3%69%
Last 3 months−10.8%42%

The price is 24.3% below its all-time high of ₹391.3 (19 Sept 2025). Stocks more than 20% below their peak have their score halved, so 53 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ramco Industries: 0.4 × 42 + 0.4 × 69 + 0.2 × 42 = 53, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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