Ramky Infrastructure Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,143 Cr
- P/E
- 11.47
- ROE
- 9.71%
- PEG
- 0.29
- Price to sales
- 1.10
- Debt to equity
- 0.27
- 52W high / low
- ₹647 / ₹246
- Sales growth (5Y)
- 11.82%
- EBITDA margin
- 9.44%
- Net profit margin
- 11.13%
- Promoter holding
- 69.81%
- Sales (last year)
- ₹1,938 Cr
Guidance scorecard · Q1 FY27 call
What Ramky Infrastructure Ltd's management guided
RevenueQ2 FY26 call
10–20%- The company targets closing close to INR 2,400 crore in revenue for the current fiscal year (FY26).
- Execution of INR 1,600 crore of the current order book is expected in the remaining two quarters of FY26.
- The total existing order book stands at INR 9,200 crore, with INR 7,600 crore expected to be executed in the next two years (INR 3,600 crore in FY27 and slightly more in FY27-FY28 due to accelerated projects).
- Order inflow guidance aims at INR 12,000 crore backlog by FY27 end, maintaining a 2.5x to 3x order book visibility for 2-3 years.
- International market expansion focused on Middle-East and Africa is underway with expected breakthroughs in the next two quarters.
2 more points from Ramky Infrastructure Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Ramky Infrastructure Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- The latest awarded Hyderabad water HAM project has a job value of INR 2,085 crore with a CapEx of INR 1,600 crore.
- Funding structure for this project typically involves 40% payments during construction, with remaining requirements met through debt and equity, usually 30% equity and 70% debt.
- The company is in advanced stages of financial closure for this project, expected to complete by January 2026.
- Strategic focus includes enhancing international presence in Middle-East and Africa through water and wastewater projects and industrial parks.
- The company is exploring innovative funding strategies beyond traditional banks to support large infrastructure projects while managing debt-equity ratios.
2 more points from Ramky Infrastructure Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Ramky Infrastructure Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- Current order book stands at INR 9,200 crore.
- Segment-wise breakdown: Industrial - INR 4,000 crore, Water & Wastewater - INR 2,700 crore, Building Construction - INR 2,000 crore, Urban Solutions & others - INR 500 crore.
- Expected execution of INR 1,600 crore orders in the current year.
- The remaining INR 7,600 crore of the order book is expected to be completed over the next two years (INR 3,600 crore in the next year and the balance INR 3,600 crore afterward).
- Slightly higher execution expected in FY26-FY27 due to acceleration in certain water wastewater projects.
2 more points from Ramky Infrastructure Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Ramky Infrastructure Ltd announcements
All announcements →Financials of Ramky Infrastructure Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ramky Infrastructure Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 576 | 557 | 582 | 441 | 581 | 569 | 527 | 459 | 489 | 379 | 472 | 489 | 507 |
| Expenses + | 481 | 400 | 401 | 364 | 486 | 453 | 399 | 369 | 487 | 303 | 389 | 413 | 511 |
| Operating Profit | 96 | 157 | 181 | 77 | 96 | 116 | 129 | 90 | 2 | 76 | 83 | 76 | -4 |
| OPM % | 17% | 28% | 31% | 17% | 16% | 20% | 24% | 20% | 0% | 20% | 18% | 16% | -1% |
| Other Income + | 1,319 | 37 | 41 | 40 | 43 | 36 | 36 | 40 | 55 | 61 | 57 | 62 | 74 |
| Interest | 89 | 40 | 46 | 45 | 28 | 29 | 30 | 26 | 35 | 22 | 18 | 18 | 16 |
| Depreciation | 11 | 11 | 12 | 12 | 13 | 12 | 13 | 13 | 13 | 14 | 15 | 15 | 14 |
| Profit before tax | 1,314 | 143 | 164 | 59 | 97 | 111 | 122 | 90 | 8 | 101 | 108 | 105 | 40 |
| Tax % | 18% | 26% | 26% | 37% | 41% | 36% | 32% | 34% | 245% | 24% | 30% | 26% | -29% |
| Net Profit + | 1,078 | 105 | 121 | 38 | 58 | 71 | 83 | 60 | -12 | 77 | 76 | 78 | 52 |
| EPS in Rs | 155.65 | 14.64 | 16.28 | 5.27 | 8.29 | 9.77 | 11.30 | 8.15 | -1.94 | 10.75 | 10.87 | 11.35 | 6.21 |
Financials of Ramky Infrastructure Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,644 | 2,048 | 1,719 | 1,578 | 1,749 | 1,387 | 1,056 | 1,459 | 1,705 | 2,161 | 2,045 | 1,846 |
| Expenses + | 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% |
| Other Income + | 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% |
| Net Profit + | -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% | 0% |
Financials of Ramky Infrastructure Ltd
Balance Sheet
Capital structure and asset base
| 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 |
| Borrowings + | 3,671 | 3,221 | 3,095 | 2,970 | 2,721 | 2,470 | 2,303 | 2,124 | 1,650 | 834 | 570 | 591 |
| Other Liabilities + | 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 |
| Fixed Assets + | 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 |
| Other Assets + | 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 |
Financials of Ramky Infrastructure Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 149 | -160 | 350 | 421 | 404 | 263 | 222 | 278 | 2,611 | 370 | 373 | |
| Cash from Investing Activity + | 29 | 75 | 78 | -21 | 106 | 30 | 1 | -85 | -215 | -72 | -11 | |
| Cash from Financing Activity + | -158 | 110 | -491 | -421 | -477 | -195 | -227 | -327 | -1,650 | -1,011 | -380 | |
| Net Cash Flow | 20 | 25 | -63 | -21 | 33 | 98 | -3 | -135 | 745 | -712 | -18 | |
| Free Cash Flow | 150 | -160 | 410 | 358 | 390 | 259 | 185 | 184 | 2,477 | 262 | 229 | |
| CFO/OP | -87% | 211% | 297% | 3,487% | 227% | -565% | 171% | 128% | 768% | 87% | 125% |
Financials of Ramky Infrastructure Ltd
Ratios
Working capital efficiency and return ratios
| 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% |
Momentum score · price trend
4 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −51.8% | 4% |
| Last 6 months | −38.6% | 3% |
| Last 3 months | −16.2% | 26% |
The price is 65.9% below its all-time high of ₹907.3 (25 Jan 2024). Stocks more than 20% below their peak have their score halved, so 8 became 4.
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 Ramky Infrastructure Ltd: 0.4 × 4 + 0.4 × 3 + 0.2 × 26 = 8, halved to 4 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 29 Oct 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.