Ramco Industries Limited
NSE: RAMCOIND · Other Construction Materials · sector
₹277.25NSE close 2026-10-26
Key numbers
Market cap₹2,401 cr
Price₹277.25
52w high / low₹396 / ₹231
P/E7.3xSector median 25.3x
P/B0.5xSector median 1.4x
Book value₹522.2
Dividend yield0.36%Sector median 0.47%
ROE7.5%Sector median 3.3%
ROCE5.6%Sector median 5.6%
OPM15.3%Sector median 9.1%
Debt / equity0.04xSector median 0.12x
EV/EBITDA8.4xSector median 11.1x
Interest cover16.8x
Current ratio2.55x
Sales growth 3y+7.1%Sector median -0.6%
Profit growth 3y+35.7%Sector median +3.3%
PEG0.21x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 22 companies in Other Construction Materials (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹151 cr vs borrowings ₹169 cr (FY26): borrowings are higher by ₹18 cr.
- Operating profit covered interest 16.8x in the last 12 months.
- 0.24% of the promoters' shares are pledged (0.1% of all shares).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 5% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹277.25 on 2026-10-26: -29.9% from the 52-week high, +20.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹371.65 · low ₹226.22
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 353 | 344 | 419 | 527 | 365 | 389 | 502 | 614 |
| EBITDA | 41 | 37 | 44 | 68 | 53 | 47 | 73 | 114 |
| OPM % | 11.7% | 10.8% | 10.5% | 12.9% | 14.4% | 12.1% | 14.5% | 18.6% |
| Other income | 3 | 4 | 6 | 3 | 4 | 3 | 5 | 4 |
| Net profit | 17 | 89 | 36 | 66 | 41 | 112 | 88 | 87 |
| EPS (₹) | 2.02 | 10.27 | 4.12 | 7.58 | 4.73 | 12.94 | 10.12 | 10.00 |
| Revenue YoY | +3.5% | +13.1% | +19.9% | +16.5% | ||||
| Profit YoY | +142.5% | +26.1% | +145.4% | +31.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,457 | 1,458 | 1,501 | 1,659 | 1,792 | 1,870 |
| EBITDA | 222 | 155 | 156 | 179 | 240 | 286 |
| Net profit | 303 | 123 | 106 | 181 | 306 | 327 |
| EPS (₹) | 36.27 | 14.65 | 12.67 | 20.89 | 35.36 | 37.79 |
| Revenue growth | +0.0% | +3.0% | +10.5% | +8.1% | +13.8% | |
| Profit growth | -59.5% | -13.7% | +71.1% | +69.3% | +58.0% | |
| Dividend / share (₹) | – | 1.00 | 1.00 | 0.75 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.1% | +8.2% | +13.8% |
| Net profit | +35.7% | +1.9% | +58.0% |
| EPS | +34.1% | +1.2% | – |
| Share price | – | +10.4% (2y) | -13.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,884 | 4,061 | 4,233 | 4,522 |
| Borrowings | – | 308 | 242 | 256 | 169 |
| Cash & equivalents | – | 73 | 87 | 101 | 151 |
| Total assets | – | 4,465 | 4,575 | 4,783 | 4,977 |
| Fixed assets | – | 560 | 563 | 557 | 555 |
| Capital work in progress | – | 12 | 6 | 5 | 17 |
| Investments | – | 2 | 81 | 78 | 66 |
| Receivables | – | 60 | 70 | 100 | 88 |
| Inventory | – | 601 | 610 | 606 | 631 |
| Payables | – | 24 | 30 | 44 | 28 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 88 | -43 | 135 | 132 | 201 |
| Cash from investing | -138 | -27 | -21 | -107 | -37 |
| Cash from financing | 63 | 54 | -100 | -11 | -114 |
| Capex | 68 | 63 | 34 | 29 | 51 |
| Free cash flow | 20 | -106 | 101 | 103 | 150 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.2% | 2.6% | 4.3% | 6.8% |
| ROCE % | – | 3.4% | 3.1% | 3.5% | 4.6% |
| Debtor days | – | 15 | 17 | 22 | 18 |
| Inventory days | – | 273 | 262 | 232 | 235 |
| Payable days | – | 11 | 13 | 17 | 11 |
| Cash conversion cycle (days) | – | 277 | 266 | 237 | 242 |
| Working capital days | – | 80 | 92 | 100 | 111 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.83% |
| FIIs | 0.69% |
| DIIs | 3.34% |
| of which Mutual funds | 2.63% |
| Government | 0.00% |
| Public (non-institutions) | 41.14% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.81% | 54.81% | 54.81% | 54.79% | 54.79% | 54.79% | 54.83% | 54.83% |
| Promoter group | % |
|---|---|
| Pusapadi Ramasubramania Raja Venketrama Raja | 16.71% |
| Ramco Management Private Limited | 14.51% |
| Rajapalayam Mills Limited | 14.16% |
| Saradha Deepa | 4.11% |
| Nalina Ramalakshmi | 2.37% |
| Sethulakshmi Jayaraman | 1.08% |
| Alagaraja Ramalakshmi | 0.49% |
| P.V. Nirmala | 0.46% |
| S.r.srirama Raja | 0.28% |
| The Ramaraju Surgical Cotton Mills Ltd. | 0.16% |
| N.r.k.ramkumar Raja | 0.10% |
| N.r.k.ramkumar Raja HUF | 0.10% |
| Ramco Industrial and Technology Services Limited | 0.10% |
| Byrraju Srisandhya Raju | 0.05% |
| P V Abinav Ramasubramaniam Raja | 0.05% |
| Public holders above 1% | % |
|---|---|
| Govindlal M Parikh | 7.79% |
| Tata Mutual Fund - Tata Small CAP Fund | 2.63% |
| Krishnasamy Kumaran | 1.16% |
| Hitesh Satishchandra Doshi | 1.04% |
31,375 shareholders. Pledged: 0.24% of promoter shares.
Peers in Other Construction Materials
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| RAMCOIND | ₹2,401 cr | 7.3x | 0.5x | 7.5% | 5.6% | 15.3% | +7.1% | 0.36% |
| GLASSWALL | ₹1,802 cr | – | – | – | – | – | – | – |
| ARIS | ₹1,103 cr | 15.8x | 1.5x | 13.7% | 15.3% | 9.9% | – | – |
| BIRLANU | ₹941 cr | – | 0.8x | -9.4% | -1.4% | 2.1% | +2.4% | 2.41% |
| EVERESTIND | ₹738 cr | – | 1.5x | -0.2% | 6.0% | 5.0% | -4.9% | 0.54% |
| MARBLE | ₹423 cr | 56.5x | 5.2x | 10.1% | 13.8% | 26.5% | -5.1% | – |
| SAHYADRI | ₹345 cr | 7.7x | 0.8x | 11.4% | 14.8% | 11.0% | +4.6% | 0.32% |
| REMAGNET | ₹325 cr | 38.9x | 0.8x | -4.4% | -1.1% | -53.7% | +70.4% | – |
| GLITTEKG | ₹187 cr | 123.1x | 17.1x | -2.8% | -2.4% | – | -84.8% | – |
| NIDHGRN | ₹183 cr | 15.9x | 8.1x | 44.5% | 49.1% | 22.0% | +508.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| BUILDING PRODUCTS | ₹1,597 cr | 86.3% | ₹176 cr | 11.0% |
| TEXTILES | ₹194 cr | 10.5% | ₹2 cr | 1.2% |
| UNALLOCATED | ₹39 cr | 2.1% | ₹0 cr | 0.0% |
| WINDMILLS | ₹20 cr | 1.1% | ₹12 cr | 59.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-13 | Dividend | Dividend - Rs 1.25 Per Share |
| 2025-08-06 | Dividend | Dividend - Re 1 Per Sh |
| 2024-08-09 | Dividend | Dividend - Re 0.75 Per Share |
| 2023-08-03 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-08-02 | Dividend | Annual General Meeting/Dividend - Rs 1 Per Share |
| 2021-08-11 | Other | Annual General Meeting |
| 2021-03-22 | Dividend | Interim Dividend - Re 1 Per Share |
| 2020-08-28 | Other | Annual General Meeting |
| 2020-03-11 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2019-07-31 | Dividend | Annual General Meeting/Dividend Rs 0.50 Per Sh |
| 2018-07-26 | Dividend | Annual General Meeting/Dividend- Re 0.50 Per Share |
| 2017-07-27 | Dividend | Dividend - Re 0.50 Per Share |
| 2016-03-18 | Dividend | Interim Dividend - Re 0.50/- Per Share (Purpose Revised) |
| 2015-09-15 | Dividend | Annual General Meeting/ Dividend - Re 0.30/- Per Share |
| 2014-07-18 | Dividend | Annual General Meeting/Dividend Re 0.25/- Per Share |
| 2013-07-19 | Dividend | Annual General Meeting/Dividend Re 0.20/- Per Share |
| 2013-02-15 | Dividend | Interim Dividend Re 0.90 Per Share (Purpose Revised) |
| 2012-07-26 | Dividend | Annual General Meeting And Dividend Re.0.20 Per Share (Bc End Date Revised) |
| 2012-03-27 | Dividend | Interim Dividend Re.0.90 Per Share (Purpose Revised) |
| 2011-08-02 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Building Products: Manufacture of Fibre Cement Board, Calcium Silicate Boards, Insulation Boards of vegetables fibre, straw, or wood waste, agglomerated with cement & other mineral binders.
- Cotton Yarn: Preparation and spinning of cotton fibre including blended cotton
| Sector | Commodities |
| Industry | Other Construction Materials |
| Sub-industry | Other Construction Materials |
| Symbol | RAMCOIND |
| BSE code | 532369 |
| ISIN | INE614A01028 |
| Face value | ₹1.0 |
| Incorporated | 1965-01-27 |
| Website | www.ramcoindltd.com |
| Plants (India / abroad) | 11 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.