Ramco Industries Ltd.
•₹ 347-1.98%
2026-08-21
PROS
- Latest quarter profit grew 84.2% YoY, showing strong momentum
- Company comfortably covers its interest (9.3x coverage)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Stock looks reasonably valued - P/E of 18.2 is below its historical median
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (34.7% of PBT)
- Company has a low return on equity of 7.0% over last 3 years
- Company has a low return on capital employed of 9.1%
- Company has delivered a poor profit growth of 0.1% over past five years
- Company has delivered a poor sales growth of 7.6% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ULTRACEMCO | 11460.00 | 39.55 | 337702.33 | 2.09 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| 2. | AMBUJACEM | 406.00 | 23.05 | 100883.58 | 0.49 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| 3. | SHREECEM | 24360.00 | 53.92 | 87892.70 | 0.62 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| 4. | JKCEMENT | 5280.65 | 43.15 | 40802.66 | 0.38 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| 5. | DALBHARAT | 1875.00 | 37.69 | 35168.62 | 0.48 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| 6. | ACC | 1289.40 | 12.69 | 24213.29 | 0.58 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| 7. | RAMCOCEM | 900.85 | 33.01 | 21286.40 | 0.28 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| 8. | JSWCEMENT | 123.95 | 22.22 | 16898.91 | 0.40 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| 9. | NUVOCO | 318.90 | 29.51 | 11389.71 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| 10. | INDIACEM | 366.40 | 122.77 | 11354.63 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| 11. | STARCEMENT | 194.00 | 21.21 | 7841.10 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| 12. | RAMCOIND | 338.80 | 8.99 | 2942.19 | 0.37 | 86.59 | 31.94 | 613.81 | 16.51 | 4.75 | 18.33 |
Detailed Comparison with:
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 446 | 256 | 263 | 303 | 493 | 281 | 272 | 345 | 459 | 273 | 305 | 397 | 531 | |
| 407 | 247 | 251 | 289 | 447 | 258 | 253 | 320 | 408 | 247 | 281 | 360 | 463 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 19 | 13 | 2 | 1 | 36 | 13 | 4 | 1 | 34 | 12 | 3 | 2 |
| Interest | 6 | 5 | 7 | 6 | 4 | 3 | 4 | 5 | 5 | 4 | 5 | 4 | 3 |
| Depreciation | 8 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 |
| 33 | 22 | 16 | 8 | 35 | 47 | 19 | 15 | 39 | 48 | 24 | 35 | 79 | |
| Tax % | 19.64% | 27.63% | 22.85% | 43.65% | 21.25% | 26.35% | 31.98% | 8.33% | 17.27% | 24.77% | 30.12% | 25.17% | 24.19% |
| Net Profit | 26 | 16 | 12 | 5 | 28 | 34 | 13 | 13 | 33 | 36 | 17 | 26 | 60 |
| 3 | 2 | 1 | 1 | 3 | 4 | 1 | 2 | 4 | 4 | 2 | 3 | 1 | |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 446
- 407
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 8
- 33
- Tax %
- 19.64%
- Net Profit
- 26
- 3
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 256
- 247
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 5
- Depreciation
- 9
- 22
- Tax %
- 27.63%
- Net Profit
- 16
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 263
- 251
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 7
- Depreciation
- 9
- 16
- Tax %
- 22.85%
- Net Profit
- 12
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 303
- 289
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 9
- 8
- Tax %
- 43.65%
- Net Profit
- 5
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 493
- 447
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 4
- Depreciation
- 8
- 35
- Tax %
- 21.25%
- Net Profit
- 28
- 3
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 281
- 258
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 3
- Depreciation
- 8
- 47
- Tax %
- 26.35%
- Net Profit
- 34
- 4
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 272
- 253
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 4
- Depreciation
- 8
- 19
- Tax %
- 31.98%
- Net Profit
- 13
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 345
- 320
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 5
- Depreciation
- 8
- 15
- Tax %
- 8.33%
- Net Profit
- 13
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 459
- 408
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 8
- 39
- Tax %
- 17.27%
- Net Profit
- 33
- 4
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 273
- 247
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 4
- Depreciation
- 9
- 48
- Tax %
- 24.77%
- Net Profit
- 36
- 4
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 305
- 281
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 5
- Depreciation
- 9
- 24
- Tax %
- 30.12%
- Net Profit
- 17
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 397
- 360
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 9
- 35
- Tax %
- 25.17%
- Net Profit
- 26
- 3
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 531
- 463
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 9
- 79
- Tax %
- 24.19%
- Net Profit
- 60
- 1
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 712 | 799 | 898 | 826 | 1,003 | 1,187 | 1,310 | 1,299 | 1,402 | 1,444 | 1,507 | |
| 639 | 709 | 794 | 753 | 852 | 1,016 | 1,188 | 1,196 | 1,290 | 1,305 | 1,351 | |
| Operating Profit | 116 | 131 | 138 | 127 | 198 | 198 | 151 | 139 | 165 | 189 | — |
| OPM % | 16 | 16 | 15 | 15 | 20 | 17 | 12 | 11 | 12 | 13 | — |
| Other Income | 43 | 42 | 34 | 53 | 47 | 28 | 29 | 36 | 53 | 51 | 52 |
| Interest | 34 | 22 | 15 | 15 | 9 | 9 | 19 | 25 | 17 | 18 | 16 |
| Depreciation | 21 | 23 | 25 | 26 | 28 | 29 | 31 | 35 | 33 | 34 | 34 |
| 73 | 99 | 98 | 91 | 160 | 160 | 104 | 80 | 115 | 146 | 186 | |
| Tax % | 18 | 27 | 25 | 28 | 31 | 33 | 6 | 25 | 23 | 24 | 25 |
| Net Profit | 60 | 72 | 73 | 66 | 111 | 107 | 97 | 60 | 88 | 111 | 139 |
| EPS | 7 | 8 | 8 | 8 | 13 | 12 | 11 | 7 | 10 | 13 | — |
| Dividend Payout % | 7 | 6 | 6 | 7 | 8 | 8 | 9 | 11 | 10 | 10 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 7 | 8 | 8 | 8 | 13 | 12 | 11 | 7 | 10 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 7 | 8 | 8 | 8 | 13 | 12 | 11 | 7 | 10 | 13 | — |
Mar 2017
- 712
- 639
- Operating Profit
- 116
- OPM %
- 16
- Other Income
- 43
- Interest
- 34
- Depreciation
- 21
- 73
- Tax %
- 18
- Net Profit
- 60
- EPS
- 7
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2018
- 799
- 709
- Operating Profit
- 131
- OPM %
- 16
- Other Income
- 42
- Interest
- 22
- Depreciation
- 23
- 99
- Tax %
- 27
- Net Profit
- 72
- EPS
- 8
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 898
- 794
- Operating Profit
- 138
- OPM %
- 15
- Other Income
- 34
- Interest
- 15
- Depreciation
- 25
- 98
- Tax %
- 25
- Net Profit
- 73
- EPS
- 8
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2020
- 826
- 753
- Operating Profit
- 127
- OPM %
- 15
- Other Income
- 53
- Interest
- 15
- Depreciation
- 26
- 91
- Tax %
- 28
- Net Profit
- 66
- EPS
- 8
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2021
- 1,003
- 852
- Operating Profit
- 198
- OPM %
- 20
- Other Income
- 47
- Interest
- 9
- Depreciation
- 28
- 160
- Tax %
- 31
- Net Profit
- 111
- EPS
- 13
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2022
- 1,187
- 1,016
- Operating Profit
- 198
- OPM %
- 17
- Other Income
- 28
- Interest
- 9
- Depreciation
- 29
- 160
- Tax %
- 33
- Net Profit
- 107
- EPS
- 12
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2023
- 1,310
- 1,188
- Operating Profit
- 151
- OPM %
- 12
- Other Income
- 29
- Interest
- 19
- Depreciation
- 31
- 104
- Tax %
- 6
- Net Profit
- 97
- EPS
- 11
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2024
- 1,299
- 1,196
- Operating Profit
- 139
- OPM %
- 11
- Other Income
- 36
- Interest
- 25
- Depreciation
- 35
- 80
- Tax %
- 25
- Net Profit
- 60
- EPS
- 7
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 1,402
- 1,290
- Operating Profit
- 165
- OPM %
- 12
- Other Income
- 53
- Interest
- 17
- Depreciation
- 33
- 115
- Tax %
- 23
- Net Profit
- 88
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 1,444
- 1,305
- Operating Profit
- 189
- OPM %
- 13
- Other Income
- 51
- Interest
- 18
- Depreciation
- 34
- 146
- Tax %
- 24
- Net Profit
- 111
- EPS
- 13
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 1,507
- 1,351
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 16
- Depreciation
- 34
- 186
- Tax %
- 25
- Net Profit
- 139
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 0%
- 3 Years:
- 5%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- 4%
- 3 Years:
- 27%
- 1 Year:
- 20%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 8%
- 3 Years:
- 7%
- Last Year:
- 9%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 581 | 656 | 727 | 776 | 892 | 998 | 1,096 | 1,168 | 1,245 | 1,336 | |
| 272 | 130 | 162 | 212 | 118 | 197 | 261 | 222 | 175 | 123 | |
| Trade Payables | 51 | 35 | 39 | 60 | 67 | 30 | 23 | 27 | 39 | 25 |
| 200 | 244 | 190 | 205 | 250 | 273 | 267 | 234 | 317 | 293 | |
| Total Liabilities | 1,112 | 1,073 | 1,126 | 1,262 | 1,336 | 1,507 | 1,656 | 1,660 | 1,785 | 1,785 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 396 | 394 | 414 | 438 | 447 | 498 | 536 | 537 | 531 | 529 | |
| Capital Work in Progress | 2 | 5 | 1 | 19 | 34 | 17 | 11 | 5 | 4 | 14 |
| 241 | 247 | 260 | 281 | 337 | 397 | 400 | 441 | 538 | 525 | |
| 305 | 233 | 251 | 317 | 334 | 368 | 556 | 544 | 537 | 534 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68 | 99 | 89 | |
| Cash & Bank | 6 | 6 | 10 | 17 | 8 | 7 | 9 | 12 | 5 | 22 |
| 162 | 189 | 191 | 190 | 176 | 221 | 143 | 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 |
| Total Debt | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 242 | 256 | 169 |
| Net Working Capital | 14 | 93 | 83 | 78 | 138 | 152 | 222 | 247 | 292 | 356 |
| Contingent Liabilities | 125 | 126 | 92 | 94 | 97 | 48 | 34 | 34 | 32 | 23 |
| Book Value per Share | 68.05 | 76.64 | 84.83 | 90.55 | 103.98 | 116.11 | 127.28 | 135.50 | 144.44 | 154.94 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 336 | 213 | 187 | 238 | 152 | 224 | 308 | 242 | 256 | 169 |
| Net Working Capital | 14 | 93 | 83 | 78 | 138 | 152 | 222 | 247 | 292 | 356 |
| Contingent Liabilities | 125 | 126 | 92 | 94 | 97 | 48 | 34 | 34 | 32 | 23 |
| Book Value per Share | 68.05 | 76.64 | 84.83 | 90.55 | 103.98 | 116.11 | 127.28 | 135.50 | 144.44 | 154.94 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 9
- 581
- 272
- Trade Payables
- 51
- 200
- Total Liabilities
- 1,112
- 396
- Capital Work in Progress
- 2
- 241
- 305
- 0
- Cash & Bank
- 6
- 162
- Total Assets
- 1,112
- Total Debt
- 336
- Net Working Capital
- 14
- Contingent Liabilities
- 125
- Book Value per Share
- 68.05
- Face Value
- 1.00
- Total Debt
- 336
- Net Working Capital
- 14
- Contingent Liabilities
- 125
- Book Value per Share
- 68.05
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 9
- 656
- 130
- Trade Payables
- 35
- 244
- Total Liabilities
- 1,073
- 394
- Capital Work in Progress
- 5
- 247
- 233
- 0
- Cash & Bank
- 6
- 189
- Total Assets
- 1,073
- Total Debt
- 213
- Net Working Capital
- 93
- Contingent Liabilities
- 126
- Book Value per Share
- 76.64
- Face Value
- 1.00
- Total Debt
- 213
- Net Working Capital
- 93
- Contingent Liabilities
- 126
- Book Value per Share
- 76.64
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 9
- 727
- 162
- Trade Payables
- 39
- 190
- Total Liabilities
- 1,126
- 414
- Capital Work in Progress
- 1
- 260
- 251
- 0
- Cash & Bank
- 10
- 191
- Total Assets
- 1,126
- Total Debt
- 187
- Net Working Capital
- 83
- Contingent Liabilities
- 92
- Book Value per Share
- 84.83
- Face Value
- 1.00
- Total Debt
- 187
- Net Working Capital
- 83
- Contingent Liabilities
- 92
- Book Value per Share
- 84.83
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 9
- 776
- 212
- Trade Payables
- 60
- 205
- Total Liabilities
- 1,262
- 438
- Capital Work in Progress
- 19
- 281
- 317
- 0
- Cash & Bank
- 17
- 190
- Total Assets
- 1,262
- Total Debt
- 238
- Net Working Capital
- 78
- Contingent Liabilities
- 94
- Book Value per Share
- 90.55
- Face Value
- 1.00
- Total Debt
- 238
- Net Working Capital
- 78
- Contingent Liabilities
- 94
- Book Value per Share
- 90.55
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 9
- 892
- 118
- Trade Payables
- 67
- 250
- Total Liabilities
- 1,336
- 447
- Capital Work in Progress
- 34
- 337
- 334
- 0
- Cash & Bank
- 8
- 176
- Total Assets
- 1,336
- Total Debt
- 152
- Net Working Capital
- 138
- Contingent Liabilities
- 97
- Book Value per Share
- 103.98
- Face Value
- 1.00
- Total Debt
- 152
- Net Working Capital
- 138
- Contingent Liabilities
- 97
- Book Value per Share
- 103.98
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 9
- 998
- 197
- Trade Payables
- 30
- 273
- Total Liabilities
- 1,507
- 498
- Capital Work in Progress
- 17
- 397
- 368
- 0
- Cash & Bank
- 7
- 221
- Total Assets
- 1,507
- Total Debt
- 224
- Net Working Capital
- 152
- Contingent Liabilities
- 48
- Book Value per Share
- 116.11
- Face Value
- 1.00
- Total Debt
- 224
- Net Working Capital
- 152
- Contingent Liabilities
- 48
- Book Value per Share
- 116.11
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 9
- 1,096
- 261
- Trade Payables
- 23
- 267
- Total Liabilities
- 1,656
- 536
- Capital Work in Progress
- 11
- 400
- 556
- 0
- Cash & Bank
- 9
- 143
- Total Assets
- 1,656
- Total Debt
- 308
- Net Working Capital
- 222
- Contingent Liabilities
- 34
- Book Value per Share
- 127.28
- Face Value
- 1.00
- Total Debt
- 308
- Net Working Capital
- 222
- Contingent Liabilities
- 34
- Book Value per Share
- 127.28
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 9
- 1,168
- 222
- Trade Payables
- 27
- 234
- Total Liabilities
- 1,660
- 537
- Capital Work in Progress
- 5
- 441
- 544
- 68
- Cash & Bank
- 12
- 52
- Total Assets
- 1,660
- Total Debt
- 242
- Net Working Capital
- 247
- Contingent Liabilities
- 34
- Book Value per Share
- 135.50
- Face Value
- 1.00
- Total Debt
- 242
- Net Working Capital
- 247
- Contingent Liabilities
- 34
- Book Value per Share
- 135.50
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 9
- 1,245
- 175
- Trade Payables
- 39
- 317
- Total Liabilities
- 1,785
- 531
- Capital Work in Progress
- 4
- 538
- 537
- 99
- Cash & Bank
- 5
- 71
- Total Assets
- 1,785
- Total Debt
- 256
- Net Working Capital
- 292
- Contingent Liabilities
- 32
- Book Value per Share
- 144.44
- Face Value
- 1.00
- Total Debt
- 256
- Net Working Capital
- 292
- Contingent Liabilities
- 32
- Book Value per Share
- 144.44
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 9
- 1,336
- 123
- Trade Payables
- 25
- 293
- Total Liabilities
- 1,785
- 529
- Capital Work in Progress
- 14
- 525
- 534
- 89
- Cash & Bank
- 22
- 73
- Total Assets
- 1,785
- Total Debt
- 169
- Net Working Capital
- 356
- Contingent Liabilities
- 23
- Book Value per Share
- 154.94
- Face Value
- 1.00
- Total Debt
- 169
- Net Working Capital
- 356
- Contingent Liabilities
- 23
- Book Value per Share
- 154.94
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 109 | 52 | 10 | 119 | 21 | -37 | 87 | 48 | 94 | |
| Cash from Investing | 43 | 42 | -4 | -30 | -25 | -85 | -16 | 16 | -48 | 37 |
| Cash from Financing | -46 | -150 | -44 | 27 | -103 | 63 | 56 | -99 | -8 | -114 |
| -4 | 1 | 4 | 7 | -9 | -1 | 2 | 3 | -8 | 18 | |
| Free Cash Flow | -28 | 100 | 23 | -51 | 89 | -38 | -89 | 70 | 27 | 61 |
| OCF / Net Profit | -0.01 | 1.51 | 0.71 | 0.15 | 1.07 | 0.20 | -0.38 | 1.46 | 0.55 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 133 | 123 | -66 | -19 | 59 | 31 |
| OCF / Net Profit | -0.01 | 1.51 | 0.71 | 0.15 | 1.07 | 0.20 | -0.38 | 1.46 | 0.55 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 133 | 123 | -66 | -19 | 59 | 31 |
Mar 2017
- -1
- Cash from Investing
- 43
- Cash from Financing
- -46
- -4
- Free Cash Flow
- -28
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
Mar 2018
- 109
- Cash from Investing
- 42
- Cash from Financing
- -150
- 1
- Free Cash Flow
- 100
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
Mar 2019
- 52
- Cash from Investing
- -4
- Cash from Financing
- -44
- 4
- Free Cash Flow
- 23
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
Mar 2020
- 10
- Cash from Investing
- -30
- Cash from Financing
- 27
- 7
- Free Cash Flow
- -51
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
Mar 2021
- 119
- Cash from Investing
- -25
- Cash from Financing
- -103
- -9
- Free Cash Flow
- 89
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 133
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 133
Mar 2022
- 21
- Cash from Investing
- -85
- Cash from Financing
- 63
- -1
- Free Cash Flow
- -38
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 123
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 123
Mar 2023
- -37
- Cash from Investing
- -16
- Cash from Financing
- 56
- 2
- Free Cash Flow
- -89
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- -66
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- -66
Mar 2024
- 87
- Cash from Investing
- 16
- Cash from Financing
- -99
- 3
- Free Cash Flow
- 70
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- -19
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- -19
Mar 2025
- 48
- Cash from Investing
- -48
- Cash from Financing
- -8
- -8
- Free Cash Flow
- 27
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 59
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 59
Mar 2026
- 94
- Cash from Investing
- 37
- Cash from Financing
- -114
- 18
- Free Cash Flow
- 61
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 31
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 6.91 | 8.31 | 8.45 | 7.56 | 12.78 | 12.34 | 11.21 | 6.87 | 10.18 | 12.82 |
| Book Value (₹) | 68.05 | 76.64 | 84.83 | 90.55 | 103.98 | 116.11 | 127.28 | 135.50 | 144.44 | 154.94 |
| Dividend per Share (₹) | 0.50 | 0.50 | 0.50 | 0.50 | 1.00 | 1.00 | 1.00 | 0.75 | 1.00 | 1.25 |
| Cash EPS (₹) | 9.39 | 10.98 | 11.28 | 10.53 | 15.97 | 15.72 | 14.84 | 10.84 | 14.01 | 16.75 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 14.55% | 15.57% | 15.09% | 15.06% | 19.70% | 16.70% | 11.56% | 7.77% | 7.91% | 9.50% |
| Net Margin % | 7.48% | 8.56% | 8.02% | 7.80% | 11.05% | 9.01% | 7.43% | 4.53% | 6.23% | 7.61% |
| 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% | 10.80% |
| 5.64% | 6.59% | 6.66% | 5.49% | 8.53% | 7.52% | 6.16% | 3.60% | 5.13% | 6.23% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 32 | 35 | 36 | 37 | 30 | 31 | 24 | 18 | 22 | 23 |
| Inventory Days | 125 | 117 | 97 | 123 | 118 | 108 | 129 | 153 | 139 | 134 |
| Payable Days | 42 | 37 | 30 | 45 | 47 | 30 | 13 | 12 | 15 | 15 |
| 115 | 114 | 103 | 116 | 102 | 108 | 139 | 158 | 146 | 142 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.57x | 0.32x | 0.25x | 0.30x | 0.17x | 0.22x | 0.28x | 0.21x | 0.20x | 0.13x |
| Interest Coverage (x) | 3.18x | 5.58x | 7.51x | 7.25x | 17.90x | 19.78x | 6.44x | 4.25x | 7.88x | 9.33x |
| 1.03x | 1.29x | 1.23x | 1.18x | 1.38x | 1.36x | 1.48x | 1.60x | 1.74x | 2.05x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.66% | 12.16% | 12.41% | -7.96% | 21.37% | 18.31% | 10.41% | -0.88% | 8.00% | 2.93% |
| Operating Profit Growth % | 57.29% | 12.58% | 5.02% | -8.10% | 56.09% | 0.29% | -23.54% | -8.52% | 19.38% | 14.51% |
| Net Profit Growth % | 79.65% | 20.34% | 1.58% | -10.49% | 69.09% | -3.47% | -8.98% | -38.76% | 48.25% | 25.92% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -38.76% | 48.26% | 25.92% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.26x | 22.26x | 18.24x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.48x | 1.57x | 1.51x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.44% | 0.53% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.24x | 13.41x | 11.49x |
Mar 2017
- EPS (₹)
- 6.91
- Book Value (₹)
- 68.05
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 9.39
- Operating Margin %
- 14.55%
- Net Margin %
- 7.48%
- ROE %
- 10.75%
- ROCE %
- 11.79%
- 5.64%
- Debtor Days
- 32
- Inventory Days
- 125
- Payable Days
- 42
- 115
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 3.18x
- 1.03x
- Revenue Growth %
- 0.66%
- Operating Profit Growth %
- 57.29%
- Net Profit Growth %
- 79.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.31
- Book Value (₹)
- 76.64
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 10.98
- Operating Margin %
- 15.57%
- Net Margin %
- 8.56%
- ROE %
- 11.49%
- ROCE %
- 13.39%
- 6.59%
- Debtor Days
- 35
- Inventory Days
- 117
- Payable Days
- 37
- 114
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 5.58x
- 1.29x
- Revenue Growth %
- 12.16%
- Operating Profit Growth %
- 12.58%
- Net Profit Growth %
- 20.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.45
- Book Value (₹)
- 84.83
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 11.28
- Operating Margin %
- 15.09%
- Net Margin %
- 8.02%
- ROE %
- 10.46%
- ROCE %
- 12.57%
- 6.66%
- Debtor Days
- 36
- Inventory Days
- 97
- Payable Days
- 30
- 103
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 7.51x
- 1.23x
- Revenue Growth %
- 12.41%
- Operating Profit Growth %
- 5.02%
- Net Profit Growth %
- 1.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 7.56
- Book Value (₹)
- 90.55
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 10.53
- Operating Margin %
- 15.06%
- Net Margin %
- 7.80%
- ROE %
- 8.62%
- ROCE %
- 10.88%
- 5.49%
- Debtor Days
- 37
- Inventory Days
- 123
- Payable Days
- 45
- 116
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 7.25x
- 1.18x
- Revenue Growth %
- -7.96%
- Operating Profit Growth %
- -8.10%
- Net Profit Growth %
- -10.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 12.78
- Book Value (₹)
- 103.98
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 15.97
- Operating Margin %
- 19.70%
- Net Margin %
- 11.05%
- ROE %
- 13.14%
- ROCE %
- 16.37%
- 8.53%
- Debtor Days
- 30
- Inventory Days
- 118
- Payable Days
- 47
- 102
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 17.90x
- 1.38x
- Revenue Growth %
- 21.37%
- Operating Profit Growth %
- 56.09%
- Net Profit Growth %
- 69.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 12.34
- Book Value (₹)
- 116.11
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 15.72
- Operating Margin %
- 16.70%
- Net Margin %
- 9.01%
- ROE %
- 11.21%
- ROCE %
- 14.78%
- 7.52%
- Debtor Days
- 31
- Inventory Days
- 108
- Payable Days
- 30
- 108
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 19.78x
- 1.36x
- Revenue Growth %
- 18.31%
- Operating Profit Growth %
- 0.29%
- Net Profit Growth %
- -3.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 11.21
- Book Value (₹)
- 127.28
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.84
- Operating Margin %
- 11.56%
- Net Margin %
- 7.43%
- ROE %
- 9.22%
- ROCE %
- 9.31%
- 6.16%
- Debtor Days
- 24
- Inventory Days
- 129
- Payable Days
- 13
- 139
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 6.44x
- 1.48x
- Revenue Growth %
- 10.41%
- Operating Profit Growth %
- -23.54%
- Net Profit Growth %
- -8.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 6.87
- Book Value (₹)
- 135.50
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 10.84
- Operating Margin %
- 7.77%
- Net Margin %
- 4.53%
- ROE %
- 5.23%
- ROCE %
- 7.35%
- 3.60%
- Debtor Days
- 18
- Inventory Days
- 153
- Payable Days
- 12
- 158
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 4.25x
- 1.60x
- Revenue Growth %
- -0.88%
- Operating Profit Growth %
- -8.52%
- Net Profit Growth %
- -38.76%
- -38.76%
- P/E (x)
- 29.26x
- P/B (x)
- 1.48x
- Dividend Yield %
- 0.37%
- 14.24x
Mar 2025
- EPS (₹)
- 10.18
- Book Value (₹)
- 144.44
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.01
- Operating Margin %
- 7.91%
- Net Margin %
- 6.23%
- ROE %
- 7.27%
- ROCE %
- 9.03%
- 5.13%
- Debtor Days
- 22
- Inventory Days
- 139
- Payable Days
- 15
- 146
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 7.88x
- 1.74x
- Revenue Growth %
- 8.00%
- Operating Profit Growth %
- 19.38%
- Net Profit Growth %
- 48.25%
- 48.26%
- P/E (x)
- 22.26x
- P/B (x)
- 1.57x
- Dividend Yield %
- 0.44%
- 13.41x
Mar 2026
- EPS (₹)
- 12.82
- Book Value (₹)
- 154.94
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 16.75
- Operating Margin %
- 9.50%
- Net Margin %
- 7.61%
- ROE %
- 8.56%
- ROCE %
- 10.80%
- 6.23%
- Debtor Days
- 23
- Inventory Days
- 134
- Payable Days
- 15
- 142
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 9.33x
- 2.05x
- Revenue Growth %
- 2.93%
- Operating Profit Growth %
- 14.51%
- Net Profit Growth %
- 25.92%
- 25.92%
- P/E (x)
- 18.24x
- P/B (x)
- 1.51x
- Dividend Yield %
- 0.53%
- 11.49x
Documents
Announcements
- Shareholders meeting
2026-08-20 - Ramco Industries Limited has informed the Exchange regarding Proceedings of undefined held on August 20, 2026
- Copy of Newspaper Publication
2026-08-12 - Ramco Industries Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.