Ramco Industries Limited (RAMCOIND) AI Stock Analysis

• Market Cap: ₹30.46B
• Dividend Yield: 0.3%
• Average Volume (3M): 40.38K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.03
• Revenue Growth: 3.75%
• EPS Growth: 77.08%
• Country: IN
• Employees: 1,754
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 4.73
• Shares Outstanding: 86,841,560
• 10 Day Avg. Volume: 9,405
• 30 Day Avg. Volume: 40,378
• PEG Ratio: 0.17
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 19.79
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹370.00 ▲(11.35% Upside)

Ramco Industries Limited demonstrates strong financial performance with consistent revenue growth and a robust balance sheet. Technical indicators suggest a lack of strong momentum, and valuation metrics indicate reasonable pricing but low dividend yield. The absence of earnings call and corporate events data limits further insights.

Ramco Industries Limited Business Overview & Revenue Model

Company Description

Ramco Industries Limited engages in the building product, textile, and power generation businesses in India. The company manufactures fiber cement sheets and calcium silicate boards; and various accessories and metal framing products. It also provides design and material consultancy, project execution, site quality assurance, and dry construction methods training services; and invests in securities. In addition, it operates 15 windmills with an installed capacity of 16.73 MW in Tirunelveli and Coimbatore Districts of Tamil Nadu; Chitradurga and Hassan Districts in Karnataka; and Kutch District in Gujarat. Ramco Industries Limited was incorporated in 1965 and is based in Chennai, India.

How the Company Makes Money

Ramco Industries Limited generates revenue through multiple channels, primarily from the sale of its core products in the cement and textile sectors. The company's cement division is a significant revenue driver, supplying to construction projects and infrastructure developments across India. Additionally, the textile segment contributes to earnings through the production of synthetic fibers and yarns, which are sold to manufacturers in various industries. The company also benefits from strategic partnerships and collaborations that enhance its market reach and operational efficiency. Furthermore, Ramco Industries invests in research and development to innovate and improve product offerings, which can lead to increased sales and market share.

Ramco Industries Limited Financial Statement Overview

Summary

Ramco Industries Limited shows consistent revenue growth and improved profit margins, with a strong balance sheet characterized by low leverage and a high equity ratio. However, cash flow volatility is a concern.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.37B	16.50B	14.95B	14.52B	14.57B	12.09B
Gross Profit	6.69B	3.48B	4.77B	4.83B	5.57B	4.57B
EBITDA	2.06B	1.95B	1.67B	1.72B	2.34B	2.18B
Net Income	2.07B	1.81B	1.06B	1.24B	3.03B	2.79B
Balance Sheet
Total Assets	0.00	47.83B	45.75B	44.65B	42.94B	39.68B
Cash, Cash Equivalents and Short-Term Investments	877.55M	877.55M	794.32M	601.47M	799.90M	643.29M
Total Debt	0.00	2.58B	2.44B	3.10B	2.26B	1.55B
Total Liabilities	-42.33B	5.50B	5.14B	5.81B	5.36B	4.84B
Stockholders Equity	42.33B	42.33B	40.61B	38.84B	37.59B	34.84B
Cash Flow
Free Cash Flow	0.00	1.02B	936.81M	-1.21B	36.84M	1.30B
Operating Cash Flow	0.00	1.32B	1.35B	-433.00M	883.31M	1.90B
Investing Cash Flow	0.00	-1.07B	-214.08M	-273.31M	-1.38B	-727.63M
Financing Cash Flow	0.00	-106.80M	-996.93M	538.37M	626.64M	-1.04B

Ramco Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 332.30
• 50DMA: Negative
• 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 Neutral. The current price of 332.3 is below the 20-day moving average (MA) of 343.11, below the 50-day MA of 345.86, and above the 200-day MA of 278.86, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 22.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	69 Neutral	₹30.46B	14.67	―	0.30%	3.75%	77.08%
SHREEPUSHK	68 Neutral	₹12.74B	19.07	―	0.51%	16.35%	55.49%
SOMANYCERA	62 Neutral	₹18.25B	31.38	―	0.67%	3.92%	-37.68%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹20.92B	34.71	―	0.20%	3.95%	-2.94%
NCLIND	49 Neutral	₹9.11B	27.86	―	1.52%	-21.99%	-56.40%
SAGCEM	49 Neutral	₹29.82B	-17.86	―	0.31%	3.34%	-112.79%

Ramco Industries Limited Corporate Events

Ramco Industries Wins Legal Dispute Over Subsidy Income Classification

Ramco Industries Limited has announced the outcome of a legal dispute concerning the classification of subsidy income. The High Court dismissed the Department’s appeal, which had challenged the Income Tax Appellate Tribunal’s decision to treat the subsidy income as a ‘capital receipt’. This dismissal, involving a disputed tax value of Rs 156.04 Lakhs, is a favorable outcome for Ramco Industries, potentially impacting its financial reporting and tax obligations positively.

Ramco Industries Announces Trading Window Closure

Ramco Industries Limited has announced the closure of its trading window in compliance with SEBI regulations. This closure affects the company’s directors and designated persons, including their immediate relatives, and will remain in effect from October 1, 2025, until two trading days after the board meeting for the declaration of the company’s financial results. This move is part of Ramco’s efforts to ensure fair disclosure and prevent insider trading, reflecting the company’s commitment to regulatory compliance and transparency.

Ramco Industries Updates on Ongoing Litigation and Settlement Scheme

Ramco Industries Limited has updated the National Stock Exchange of India and BSE Limited regarding ongoing litigation related to the West Bengal Tax on Entry of Goods into Local Areas Act, 2012. The company had previously challenged the act’s validity, and after a series of legal proceedings, the West Bengal High Court ruled in favor of the government. Ramco has filed an appeal with the Supreme Court and opted for the Settlement of Dispute Scheme, paying 75% of the entry tax, which amounts to Rs. 2.21 Crores, and expects to benefit from a 25% reduction in the dispute amount and related interest and penalties.

Ramco Industries Joins ‘Saksham Niveshak’ Campaign to Address Unclaimed Dividends

Ramco Industries Limited has announced its participation in the ‘Saksham Niveshak’ 100 Days Campaign, initiated by the Investor Education and Protection Fund Authority. This campaign aims to engage shareholders whose dividends have remained unclaimed, encouraging them to update their KYC details to prevent the transfer of unclaimed dividends to the IEPF. The company has utilized its social media platforms to disseminate information about the campaign, reflecting its proactive approach in ensuring shareholder engagement and compliance with regulatory requirements.