Ramco Industries Limited (RAMCOIND) AI Stock Analysis

• Market Cap: ₹25.12B
• Dividend Yield: 0.35%
• Average Volume (3M): 12.06K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.76
• Revenue Growth: 5.45%
• EPS Growth: 89.28%
• Country: IN
• Employees: 1,754
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 7.58
• Shares Outstanding: 86,809,060
• 10 Day Avg. Volume: 14,256
• 30 Day Avg. Volume: 12,059
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹322.00
• Price Target Upside: 11.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: ₹322.00 ▲(11.26% Upside)

Ramco Industries Limited demonstrates a stable financial performance with strong growth in profitability and a solid balance sheet, which are key strengths. The technical analysis shows a positive market momentum, but the valuation indicates limited income potential from dividends. The absence of earnings call and corporate events data places more emphasis on financial and technical analysis in determining the score.

Ramco Industries Limited Business Overview & Revenue Model

Company Description

Ramco Industries Limited (RAMCOIND) is a prominent player in the building materials sector, primarily focused on manufacturing and distributing fiber cement sheets, calcium silicate boards, and other related products. The company operates across various sectors, including housing, construction, and infrastructure, providing essential materials that cater to both residential and commercial projects. With a commitment to innovation and sustainability, Ramco Industries leverages advanced technology to deliver high-quality, durable, and eco-friendly products to its diverse customer base.

How the Company Makes Money

Ramco Industries Limited generates revenue through the production and sale of building materials such as fiber cement sheets and calcium silicate boards. These products are essential components in construction, serving as alternatives to traditional building materials due to their durability and resistance to weathering. The company's revenue streams are primarily driven by sales to construction companies, contractors, and distributors within the housing and infrastructure sectors. Additionally, Ramco Industries may engage in strategic partnerships or collaborations that enhance its market reach and product offerings, contributing to its overall earnings. The company also benefits from a strong distribution network that facilitates the efficient delivery of its products across various regions, ensuring consistent revenue generation.

Ramco Industries Limited Financial Statement Overview

Summary

Ramco Industries Limited shows consistent revenue growth with an improved net profit margin from 7.1% in 2024 to 11% in 2025. The company has a strong balance sheet with low leverage and a high equity ratio. However, fluctuations in operating cash flow indicate some volatility.

Income Statement

Ramco Industries Limited shows a consistent revenue growth with a strong gross profit margin of approximately 31.2% for 2025. The net profit margin has improved significantly from 7.1% in 2024 to 11% in 2025, indicating enhanced profitability. The EBIT and EBITDA margins also reflect stable operational efficiency. However, the decline in gross profit margin from 2022 to 2025 is a point of concern that could impact future profitability.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.06 in 2025, suggesting conservative leverage usage. The equity ratio stands robust at 88.5%, indicating a solid equity base. The return on equity has improved to 4.3% in 2025, though it remains relatively low, showing potential for enhanced returns on shareholder investment.

Cash Flow

Ramco Industries Limited has demonstrated a positive free cash flow growth of 9% from 2024 to 2025, indicating better cash management. The operating cash flow to net income ratio stands at 0.73 in 2025, reflecting decent cash generation relative to net income. However, fluctuations in operating cash flow over the years indicate some volatility in cash generation from core operations.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	16.50B	14.95B	14.52B	14.57B	12.09B
Gross Profit	5.14B	4.77B	4.83B	5.57B	4.57B
EBITDA	1.95B	1.67B	1.72B	2.34B	2.18B
Net Income	1.81B	1.06B	1.24B	3.03B	2.79B
Balance Sheet
Total Assets	47.83B	45.75B	44.65B	42.94B	39.68B
Cash, Cash Equivalents and Short-Term Investments	1.03B	794.32M	601.47M	799.90M	643.29M
Total Debt	2.56B	2.44B	3.10B	2.26B	1.55B
Total Liabilities	5.50B	5.14B	5.81B	5.36B	4.84B
Stockholders Equity	42.33B	40.61B	38.84B	37.59B	34.84B
Cash Flow
Free Cash Flow	1.02B	936.81M	-1.21B	36.84M	1.30B
Operating Cash Flow	1.32B	1.35B	-433.00M	883.31M	1.90B
Investing Cash Flow	-1.07B	-214.08M	-273.31M	-1.38B	-727.63M
Financing Cash Flow	-106.80M	-996.93M	538.37M	626.64M	-1.04B

Ramco Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 289.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOIND, the sentiment is Positive. The current price of 289.4 is above the 20-day moving average (MA) of 289.36, above the 50-day MA of 280.18, and above the 200-day MA of 260.72, indicating a bullish trend. The MACD of 2.99 indicates Positive momentum. The RSI at 54.64 is Neutral, neither overbought nor oversold. The STOCH value of 39.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAMCOIND.

Ramco Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAMCOIND	74 Outperform	₹25.12B	12.10		0.35%	5.45%	89.28%
SHREEPUSHK	65 Neutral	₹11.26B	16.84		0.43%	16.35%	55.54%
SOMANYCERA	62 Neutral	₹20.94B	36.02		0.59%	3.92%	-37.69%
Sector *	58 Neutral	HK$18.24B	5.36	-7.29%	3.70%	-4.08%	-49.01%
MANGLMCEM	56 Neutral	₹19.73B	32.73		0.21%	3.95%	-2.94%
SAGCEM	52 Neutral	₹29.32B	―		0.31%	-6.25%	-475.84%
NCLIND	49 Neutral	₹9.81B	30.22		1.67%	-21.99%	-56.72%