RAMCOIND

Ramco Industries Limited

Building products, textiles and windmills manufacturer of Ramco Group

Commodities›Construction Materials›Other Construction Materials›Other Construction Materials

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

Price as of 2026-10-16

Stock price
₹299.10
Market cap
2,590 Cr
Stock P/E
7.9
P/B
0.57
Dividend yield
0.3%
ROE (FY26)
6.8%
ROCE (FY26)
8.3%
Operating margin (FY26)
10.9%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
86.6%
OCF / EBITDA (3Y)
82.4%

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

Ramco Industries sells building products in India, its largest segment, and also runs textile and windmill businesses.

Company snapshot

1stBy market cap

Ranked among 6 companies in Other Construction Materials.

Segment mix

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

Largest segment: 87.8% of revenue

SegmentRevenue shareRevenuePBTAssets
BUILDING PRODUCTS
87.8%
302 Cr26 Cr1,052 Cr
TEXTILES
12.7%
44 Cr0.40 Cr242 Cr
UNALLOCATED
2.3%
8 Cr0 Cr3,514 Cr
WINDMILLS
0.6%
2 Cr0.27 Cr10 Cr

Shares add up to 103% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 17.1% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

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

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
Sales316 Cr334 Cr365 Cr543 Cr353 Cr344 Cr419 Cr527 Cr365 Cr389 Cr502 Cr614 Cr
Operating expenses (approx.)287 Cr300 Cr325 Cr486 Cr312 Cr307 Cr375 Cr459 Cr313 Cr342 Cr437 Cr509 Cr
EBITDA29 Cr34 Cr40 Cr57 Cr41 Cr37 Cr44 Cr68 Cr52 Cr47 Cr65 Cr105 Cr
OPM %9.3%10.0%10.9%10.5%11.7%10.8%10.5%12.9%14.3%12.1%12.9%17.1%
Other income3 Cr3 Cr4 Cr3 Cr3 Cr4 Cr6 Cr3 Cr4 Cr3 Cr5 Cr4 Cr
Interest6 Cr7 Cr6 Cr4 Cr3 Cr5 Cr5 Cr5 Cr4 Cr5 Cr4 Cr3 Cr
Depreciation9 Cr9 Cr10 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr10 Cr
Profit before tax6 Cr34 Cr52 Cr50 Cr36 Cr100 Cr42 Cr77 Cr63 Cr127 Cr104 Cr113 Cr
Tax %172.9%21.8%15.9%21.2%53.5%11.5%15.5%14.9%35.5%11.6%15.5%23.5%
Net profit-4 Cr26 Cr44 Cr39 Cr17 Cr89 Cr36 Cr66 Cr41 Cr112 Cr88 Cr87 Cr
EPS (₹)₹-0.50₹3.16₹5.25₹4.72₹2.02₹10.27₹4.12₹7.58₹4.73₹12.94₹10.12₹10.00

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales954 Cr959 Cr1,036 Cr974 Cr1,209 Cr1,457 Cr1,458 Cr1,501 Cr1,659 Cr1,792 CrSign in free for the trailing twelve months
Operating expenses (approx.)837 Cr841 Cr909 Cr871 Cr1,017 Cr1,235 Cr1,306 Cr1,345 Cr1,479 Cr1,560 CrSign in free for the trailing twelve months
EBITDA117 Cr118 Cr128 Cr103 Cr193 Cr222 Cr152 Cr156 Cr179 Cr232 CrSign in free for the trailing twelve months
OPM %12.3%12.3%12.3%10.6%15.9%15.3%10.4%10.4%10.8%12.9%Sign in free for the trailing twelve months
Other income11 Cr31 Cr24 Cr41 Cr25 Cr12 Cr22 Cr14 Cr16 Cr15 CrSign in free for the trailing twelve months
Interest34 Cr22 Cr15 Cr15 Cr10 Cr9 Cr21 Cr25 Cr17 Cr18 CrSign in free for the trailing twelve months
Depreciation26 Cr28 Cr29 Cr31 Cr33 Cr33 Cr34 Cr37 Cr36 Cr37 CrSign in free for the trailing twelve months
Profit before tax229 Cr209 Cr205 Cr204 Cr338 Cr369 Cr138 Cr141 Cr229 Cr371 CrSign in free for the trailing twelve months
Tax %10.5%15.9%15.9%16.9%17.5%17.9%11.3%25.2%21.0%17.5%Sign in free for the trailing twelve months
Net profit205 Cr176 Cr172 Cr170 Cr279 Cr303 Cr123 Cr106 Cr181 Cr306 CrSign in free for the trailing twelve months
EPS (₹)₹24.51₹21.07₹20.63₹20.29₹33.38₹36.27₹14.65₹12.67₹20.89₹35.36Sign in free for the trailing twelve months
Dividend payout %————3.1%0.0%7.1%8.2%3.6%2.8%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 capital9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr
Reserves2,707 Cr2,877 Cr3,044 Cr3,201 Cr3,475 Cr3,750 Cr3,875 Cr4,052 Cr4,224 Cr4,513 Cr
Borrowings299 Cr186 Cr157 Cr207 Cr142 Cr224 Cr308 Cr242 Cr256 Cr169 Cr
Other liabilities249 Cr244 Cr297 Cr296 Cr375 Cr339 Cr273 Cr273 Cr294 Cr286 Cr
Total liabilities3,263 Cr3,315 Cr3,506 Cr3,713 Cr4,001 Cr4,322 Cr4,465 Cr4,575 Cr4,783 Cr4,977 Cr
Fixed assets (net)418 Cr418 Cr435 Cr460 Cr468 Cr518 Cr560 Cr563 Cr557 Cr555 Cr
CWIP11 Cr10 Cr5 Cr21 Cr36 Cr19 Cr12 Cr6 Cr5 Cr17 Cr
Investments2,270 Cr2,366 Cr2,478 Cr2,602 Cr2,818 Cr3,054 Cr3,058 Cr3,173 Cr3,341 Cr3,485 Cr
Inventories342 Cr285 Cr287 Cr357 Cr374 Cr416 Cr601 Cr610 Cr606 Cr631 Cr
Trade receivables72 Cr90 Cr95 Cr84 Cr94 Cr93 Cr60 Cr70 Cr100 Cr88 Cr
Cash & bank55 Cr44 Cr64 Cr64 Cr77 Cr71 Cr39 Cr45 Cr52 Cr115 Cr
Other assets96 Cr104 Cr144 Cr125 Cr133 Cr150 Cr134 Cr109 Cr122 Cr86 Cr
Total assets3,263 Cr3,315 Cr3,506 Cr3,713 Cr4,001 Cr4,322 Cr4,465 Cr4,575 Cr4,783 Cr4,977 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 activity47 Cr116 Cr89 Cr36 Cr190 Cr88 Cr-43 Cr135 Cr132 Cr201 Cr
Cash from investing-9 Cr13 Cr-33 Cr-63 Cr-73 Cr-138 Cr-27 Cr-21 Cr-107 Cr-37 Cr
Cash from financing-48 Cr-140 Cr-36 Cr27 Cr-104 Cr63 Cr54 Cr-100 Cr-11 Cr-114 Cr
Net cash flow-9 Cr-12 Cr20 Cr0.11 Cr14 Cr13 Cr-17 Cr14 Cr14 Cr50 Cr
Free cash flow (OCF − Capex)4 Cr83 Cr45 Cr-37 Cr130 Cr20 Cr-106 Cr101 Cr103 Cr150 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.7%7.5%6.9%6.4%9.6%9.5%3.8%3.9%5.5%8.3%
ROE %7.5%6.1%5.7%5.3%8.0%8.1%3.2%2.6%4.3%6.8%
Debtor days27343331282315172218
Inventory days257212197253223197270262231251
Days payable47373348493411131711
Cash conversion cycle238209197237202186274267236258
OCF / EBITDA %39.9%98.6%69.9%35.1%98.6%39.6%-28.5%86.2%73.8%86.6%
OCF / EBITDA % (3 years)——69.5%69.3%74.5%60.7%41.4%33.8%45.9%82.4%
Debt / equity0.110.060.050.060.040.060.080.060.060.04
Current ratio1.181.501.541.351.491.461.651.852.102.55
Net debt / EBITDA2.08—0.731.400.340.691.771.261.140.23