Ruchi Infrastructure Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Infrastructure: 89.4% • Wind Power: 8.9% • Others: 1.7%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.09x)
- Working capital cycle has improved - days down from 206 to -301
- Company comfortably covers its interest (8.1x coverage)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (183.7% of PBT)
- Recent results are weak - TTM profit is down 91.9% versus prior year
- Promoter holding has decreased over last 2 years: -12.3pp
- Company has a low return on capital employed of 3.3%
- Company has a low return on equity of 2.8% over last 3 years
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONCOR | 499.80 | 30.65 | 38065.66 | 1.72 | 268.90 | 0.61 | 2159.76 | 0.28 | 13.63 | 20.41 |
| DELHIVERY | 438.60 | 351.36 | 32864.05 | 0.00 | 31.91 | -64.96 | 2930.73 | 27.76 | 2.97 | 4.75 |
| SHADOWFAX | 253.25 | 133.05 | 14862.94 | 0.00 | 654.00 | 6732.86 | 13581.20 | 1806.32 | 11.58 | 6.76 |
| BLACKBUCK | 629.05 | 67.88 | 11459.23 | 0.00 | 42.17 | 25.14 | 204.17 | 42.17 | 12.75 | 24.35 |
| TCI | 859.95 | 14.47 | 6607.09 | 1.16 | 106.60 | -0.56 | 1248.50 | 9.58 | 20.52 | 12.30 |
| TVSSCS | 130.35 | 88.81 | 5751.35 | 0.00 | 22.48 | -96.84 | 3335.22 | 28.66 | 11.51 | 6.75 |
| VRLLOG | 231.45 | 18.88 | 4048.92 | 0.00 | 805.30 | 1509.31 | 8788.40 | 1080.70 | 26.47 | 21.23 |
| MAHLOG | 396.65 | 102.33 | 3937.84 | 0.63 | 278.30 | 3048.09 | 20028.80 | 1132.85 | 10.40 | 5.76 |
| SINDHUTRAD | 24.08 | 47.98 | 3712.96 | 0.00 | 38.74 | -79.39 | 129.21 | -21.85 | 12.80 | 45.34 |
| GATEWAY | 53.34 | 10.91 | 2665.10 | 6.09 | 51.27 | -17.56 | 549.30 | -0.21 | 17.99 | 21.31 |
| TCIEXP | 513.50 | 23.94 | 1974.11 | 1.36 | 20.49 | 5.24 | 313.40 | 9.29 | 13.92 | 10.03 |
| RUCHINFRA | 5.62 | 22.03 | 132.65 | 0.00 | 4.59 | -46.50 | 17.66 | 6.84 | 3.22 | 54.87 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 11 | 9 | 9 | 10 | 10 | 10 | 10 | 11 | 11 | 10 | 11 | 11 | |
| 8 | 9 | 6 | 9 | 6 | 8 | 7 | 10 | 7 | 7 | 7 | 11 | 9 | |
| Operating Profit | 2 | 2 | 3 | 1 | 4 | 2 | 3 | 0 | 4 | 3 | 3 | -1 | 2 |
| OPM % | 23.66% | 17.12% | 36.71% | 7.19% | 36.16% | 15.93% | 30.42% | 0.10% | 36.05% | 31.87% | 31.06% | -6.14% | 18.65% |
| 5 | 8 | 1 | 1 | 1 | 1 | 1 | 5 | 7 | 1 | 1 | 1 | 1 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before Tax | 5 | 7 | 2 | -1 | 2 | -0 | 1 | 2 | 8 | 1 | 1 | -3 | 3 |
| Tax % | 29.48% | -12.98% | 25.00% | 34.35% | 53.33% | -128.57% | 70.48% | 11.46% | 6.35% | 60.50% | 24.07% | 32.05% | 27.06% |
| Net Profit | 3 | 8 | 2 | -1 | 1 | -1 | 0 | 1 | 7 | 0 | 1 | -2 | 2 |
| 0.11 | 0.35 | 0.04 | -0.08 | 0.00 | -0.06 | -0.02 | 0.03 | 0.28 | -0.02 | 0.00 | -0.12 | 0.06 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,323 | 293 | 37 | 51 | 53 | 39 | 42 | 41 | 40 | 39 | 43 | |
| 2,284 | 264 | 38 | 50 | 44 | 25 | 99 | 29 | 31 | 31 | 35 | |
| Operating Profit | 39 | 29 | -1 | 2 | 9 | 14 | -57 | 12 | 8 | 8 | 8 |
| OPM % | 1.66% | 9.86% | -4.02% | 3.41% | 17.39% | 34.96% | -137.30% | 29.50% | 21.15% | 20.75% | 18.84% |
| 3 | 6 | 17 | 8 | 12 | 5 | 124 | 4 | 15 | 7 | 4 | |
| Interest | 36 | 26 | 15 | 13 | 8 | 6 | 4 | 3 | 1 | 1 | 0 |
| Depreciation | 10 | 10 | 13 | 12 | 13 | 12 | 10 | 10 | 10 | 11 | 12 |
| Profit before Tax | -4 | -0 | -12 | -16 | 1 | 1 | 53 | 2 | 13 | 4 | 2 |
| Tax % | -17.91% | 319.18% | 36.81% | 15.96% | 69.08% | 19.54% | 26.67% | 59.22% | 3.84% | 54.33% | 36.70% |
| Net Profit | -5 | 0 | -8 | -13 | 0 | 1 | 39 | 1 | 12 | 2 | 1 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.11 | 1.72 | -0.12 | 0.55 | 0.08 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -32%
- 5 Years:
- -6%
- 3 Years:
- -2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -5%
- 5 Years:
- 54%
- 3 Years:
- -64%
STOCK PRICE CAGR
- 10 Years:
- 0%
- 5 Years:
- -5%
- 3 Years:
- -16%
- 1 Year:
- -26%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 7%
- 3 Years:
- 3%
- Last Year:
- 1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 21 | 21 | 21 | 21 | 21 | 21 | 22 | 22 | 24 | |
| 142 | 135 | 119 | 99 | 97 | 99 | 138 | 148 | 169 | 181 | |
| 247 | 185 | 170 | 151 | 112 | 106 | 95 | 75 | 62 | 62 | |
| Trade Payables | 181 | 137 | 87 | 80 | 80 | 79 | 0 | 0 | 1 | 1 |
| 83 | 6 | 0 | -1 | -0 | -2 | 15 | 27 | 27 | 22 | |
| Total Liabilities | 674 | 484 | 397 | 350 | 310 | 303 | 268 | 272 | 281 | 289 |
| 144 | 200 | 185 | 184 | 185 | 176 | 167 | 174 | 181 | 184 | |
| Capital Work in Progress | 10 | 0 | 9 | 5 | 2 | 1 | 4 | 2 | 6 | 5 |
| 81 | 67 | 67 | 40 | 39 | 40 | 42 | 43 | 46 | 51 | |
| 199 | 14 | 16 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 | |
| Cash & Bank | 4 | 16 | 10 | 3 | 4 | 4 | 6 | 22 | 16 | 16 |
| 236 | 187 | 110 | 106 | 79 | 82 | 49 | 31 | 26 | 30 | |
| Total Assets | 674 | 484 | 397 | 350 | 310 | 303 | 268 | 272 | 281 | 289 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 102 | 211 | 25 | 12 | 40 | 13 | 21 | 12 | 9 | 12 | |
| Cash from Investing | 1 | -41 | -2 | 14 | 4 | -2 | -1 | -3 | -1 | -23 |
| Cash from Financing | -106 | -157 | -29 | -31 | -49 | -11 | -17 | -2 | -9 | 4 |
| -4 | 12 | -7 | -7 | 2 | -0 | 2 | 6 | -1 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Ruchi Infrastructure Limited has informed the Exchange regarding 'Details of equity shares dematerialized/rematerialized during the month of August, 2026.'.
2026-09-02 - Ruchi Infrastructure Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - Ruchi Infrastructure Limited has informed the Exchange regarding 'Letters issued to certain shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015.'.
2026-08-21 - Ruchi Infrastructure Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Ruchi Infrastructure Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Ruchi Infrastructure Limited has informed the Exchange regarding 'Details of equity shares dematerialized/rematerialized during the month of July, 2026.'.
2026-08-11 - Ruchi Infrastructure Limited has informed the Exchange regarding Appointment of Mr Anil Kumar Gupta as Director (Operations) of the company w.e.f. August 01, 2026.
2026-08-11 - Ruchi Infrastructure Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-13 - Ruchi Infrastructure Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
News
Recent coverage and analyst commentary for RUCHINFRA
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