RAMAPHO

Rama Phosphates Limited

Fertilizers and sulphuric acid manufacturer with SSP, complex fertilizers and micronutrients

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

ramaphosphates.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹108.79
Market cap
385 Cr
Stock P/E
7.2
P/B
0.91
Dividend yield
0.3%
ROE (FY26)
12.5%
ROCE (FY26)
14.5%
Operating margin (FY26)
8.9%
Debt / equity (FY26)
0.32
OCF / EBITDA (FY26)
23.0%
OCF / EBITDA (3Y)
49.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Rama Phosphates makes phosphate fertilizer, mainly single super phosphate (SSP), along with sulphuric acid, micronutrients and soya products, and sells it to farmers through a network of 2,000+ wholesalers and 11,000+ retailers under the Girnar and Suryaful brands.

Company snapshot

15thBy market cap

Ranked among 19 companies in Fertilizers.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 94.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Fertilizers, Micro Nutrients & Chimicals
94.3%
169 Cr11 Cr549 Cr
Soya/Agri
5.7%
10 Cr-0.85 Cr35 Cr

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales171 Cr116 Cr186 Cr154 Cr209 Cr180 Cr201 Cr190 Cr246 Cr238 Cr219 Cr225 Cr
Operating expenses (approx.)166 Cr149 Cr186 Cr148 Cr199 Cr170 Cr184 Cr164 Cr219 Cr214 Cr209 Cr197 Cr
EBITDA6 Cr-32 Cr0.20 Cr6 Cr11 Cr10 Cr17 Cr26 Cr27 Cr24 Cr10 Cr28 Cr
OPM %3.3%-27.9%0.1%4.0%5.0%5.6%8.6%13.8%10.9%10.0%4.6%12.4%
Other income0.31 Cr0.05 Cr0.50 Cr0.15 Cr0.35 Cr0.21 Cr2 Cr0.63 Cr0.27 Cr0.23 Cr0.65 Cr0.75 Cr
Interest3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr4 Cr4 Cr2 Cr3 Cr2 Cr4 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax0.72 Cr-38 Cr-5 Cr2 Cr5 Cr5 Cr14 Cr21 Cr23 Cr19 Cr7 Cr23 Cr
Tax %6.8%20.7%52.6%-322.3%42.6%27.9%61.1%25.3%24.5%26.6%21.6%25.2%
Net profit0.67 Cr-30 Cr-2 Cr7 Cr3 Cr4 Cr5 Cr16 Cr17 Cr14 Cr5 Cr17 Cr
EPS (₹)₹0.38₹-16.81₹-1.31₹3.84₹1.74₹1.03₹1.48₹4.53₹4.88₹3.96₹1.52₹4.82

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales382 Cr375 Cr607 Cr448 Cr580 Cr878 Cr875 Cr603 Cr744 Cr893 CrSign in free for the trailing twelve months
Operating expenses (approx.)361 Cr358 Cr567 Cr425 Cr518 Cr772 Cr803 Cr624 Cr700 Cr806 CrSign in free for the trailing twelve months
EBITDA21 Cr17 Cr40 Cr24 Cr62 Cr107 Cr72 Cr-20 Cr43 Cr87 CrSign in free for the trailing twelve months
OPM %5.4%4.6%6.6%5.3%10.8%12.1%8.2%-3.4%5.8%9.8%Sign in free for the trailing twelve months
Other income4 Cr2 Cr1 Cr2 Cr0.58 Cr4 Cr0.66 Cr1 Cr4 Cr1 CrSign in free for the trailing twelve months
Interest8 Cr8 Cr7 Cr3 Cr2 Cr5 Cr8 Cr13 Cr13 Cr11 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr4 Cr5 Cr11 Cr10 Cr9 Cr8 Cr8 CrSign in free for the trailing twelve months
Profit before tax13 Cr8 Cr31 Cr22 Cr57 Cr94 Cr55 Cr-41 Cr26 Cr70 CrSign in free for the trailing twelve months
Tax %32.5%33.8%36.5%19.1%25.7%25.4%25.4%24.6%46.5%25.0%Sign in free for the trailing twelve months
Net profit9 Cr5 Cr19 Cr18 Cr42 Cr70 Cr41 Cr-31 Cr14 Cr53 CrSign in free for the trailing twelve months
EPS (₹)₹4.80₹3.05₹10.91₹10.00₹23.80₹39.58₹23.14₹-17.56₹3.86₹14.90Sign in free for the trailing twelve months
Dividend payout %————8.4%5.6%3.5%—0.0%2.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr
Reserves113 Cr116 Cr134 Cr148 Cr187 Cr252 Cr291 Cr335 Cr354 Cr405 Cr
Borrowings51 Cr47 Cr27 Cr24 Cr5 Cr44 Cr111 Cr143 Cr122 Cr137 Cr
Other liabilities120 Cr98 Cr114 Cr109 Cr101 Cr129 Cr115 Cr130 Cr141 Cr160 Cr
Total liabilities301 Cr279 Cr292 Cr299 Cr311 Cr443 Cr534 Cr626 Cr634 Cr719 Cr
Fixed assets (net)32 Cr31 Cr33 Cr43 Cr72 Cr79 Cr77 Cr168 Cr164 Cr157 Cr
CWIP4 Cr5 Cr13 Cr20 Cr5 Cr14 Cr20 Cr23 Cr25 Cr48 Cr
Investments0.17 Cr0.17 Cr0.33 Cr0.26 Cr0.17 Cr0.24 Cr0.17 Cr0.19 Cr0.32 Cr0.47 Cr
Loans & advances——0.36 Cr0.32 Cr0.33 Cr0.36 Cr0.32 Cr0.33 Cr0.25 Cr0.24 Cr
Inventories65 Cr85 Cr98 Cr107 Cr117 Cr177 Cr177 Cr215 Cr209 Cr214 Cr
Trade receivables74 Cr56 Cr57 Cr48 Cr38 Cr21 Cr63 Cr75 Cr60 Cr72 Cr
Cash & bank0.25 Cr0.17 Cr0.17 Cr0.35 Cr0.19 Cr0.16 Cr0.50 Cr0.28 Cr0.17 Cr0.15 Cr
Other assets125 Cr101 Cr91 Cr81 Cr78 Cr151 Cr197 Cr145 Cr174 Cr228 Cr
Total assets301 Cr279 Cr292 Cr299 Cr311 Cr443 Cr534 Cr626 Cr634 Cr719 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr12 Cr21 Cr26 Cr44 Cr2 Cr-36 Cr-5 Cr40 Cr20 Cr
Cash from investing-1 Cr-3 Cr-12 Cr-21 Cr-19 Cr-34 Cr-8 Cr-12 Cr-4 Cr-21 Cr
Cash from financing-10 Cr-10 Cr-9 Cr-5 Cr-23 Cr31 Cr45 Cr16 Cr-36 Cr1 Cr
Net cash flow0.83 Cr-0.79 Cr-0.03 Cr0.33 Cr3 Cr-0.04 Cr0.34 Cr-0.22 Cr-0.11 Cr-0.01 Cr
Free cash flow (OCF − Capex)10 Cr8 Cr8 Cr5 Cr25 Cr-32 Cr-46 Cr-13 Cr32 Cr-4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.5%8.8%21.3%12.9%27.7%31.6%15.0%-5.7%7.9%14.5%
ROE %6.5%4.0%12.8%10.6%20.6%26.0%13.2%-8.8%3.7%12.5%
Debtor days7155343924926452929
Inventory days871158312311011396154157134
Days payable1231016998694644687669
Cash conversion cycle3569486465767813111095
OCF / EBITDA %59.1%67.3%51.7%109.6%71.2%2.2%-50.2%—91.9%23.0%
OCF / EBITDA % (3 years)——57.1%72.0%72.3%37.8%4.4%-24.6%-1.5%49.7%
Debt / equity0.390.350.180.140.030.160.360.410.330.32
Current ratio1.581.721.791.802.242.021.971.651.761.84
Net debt / EBITDA2.452.710.670.980.080.411.53—2.811.57