Ramco Industries Limited (IN:RAMCOIND)
:RAMCOIND
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Ramco Industries Limited
(RAMCOIND)
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Rating:75Outperform
Price Target:
₹331.00
▲(5.35% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by a strong, low-leverage balance sheet and a reasonable overall financial profile, tempered by multi-year margin compression and historically uneven cash generation. Technicals are moderately constructive but capped by price below the 200-day average, while the low P/E provides a supportive valuation backdrop.
Positive Factors
Conservative Balance Sheet
Very low leverage and a steadily growing equity base provide durable financial flexibility. Over a 2–6 month horizon this supports the company’s ability to fund working capital, capital expenditure, or opportunistic investments without relying on expensive external debt, reducing solvency risk.
Negative Factors
Multi-year Margin Compression
Material margin erosion over multiple years indicates structural pressure on pricing or rising input costs. Persisting margin weakness reduces the company’s ability to translate revenue into durable profits and weakens long-term earnings power unless structural cost or pricing advantages are restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a steadily growing equity base provide durable financial flexibility. Over a 2–6 month horizon this supports the company’s ability to fund working capital, capital expenditure, or opportunistic investments without relying on expensive external debt, reducing solvency risk.
Read all positive factors
Ramco Industries Limited (RAMCOIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.34B
Dividend Yield0.32%
Average Volume (3M)40.38K
Price to Earnings (P/E)8.3
Beta (1Y)0.93
Revenue Growth7.48%
EPS Growth67.98%
CountryIN
Employees1,754
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)26.71
Shares Outstanding86,841,560
10 Day Avg. Volume9,405
30 Day Avg. Volume40,378
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.45
Price to Sales (P/S)1.13
P/FCF Ratio12.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ramco Industries Limited Business Overview & Revenue Model
Company Description
Ramco Industries Limited is an Indian company with diversified operations, primarily focused on building materials, textiles, and renewable energy. Its building products division manufactures fiber cement sheets, calcium silicate boards, various a...
How the Company Makes Money
Ramco Industries makes money primarily by manufacturing and selling fiber cement building materials. Its key revenue stream is the sale of fiber cement sheets and allied products to customers in the construction and infrastructure ecosystem (such ...
Ramco Industries Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.53B | 17.92B | 16.50B | 14.95B | 14.52B | 14.57B |
| Gross Profit | 6.84B | 6.09B | 3.48B | 4.77B | 4.83B | 5.57B |
| EBITDA | 2.18B | 1.96B | 1.95B | 1.67B | 1.72B | 2.34B |
| Net Income | 2.31B | 3.06B | 1.81B | 1.06B | 1.24B | 3.03B |
Balance Sheet | ||||||
| Total Assets | 48.06B | 49.77B | 47.83B | 45.75B | 44.65B | 42.94B |
| Cash, Cash Equivalents and Short-Term Investments | 991.60M | 1.54B | 877.55M | 794.32M | 601.47M | 799.90M |
| Total Debt | 1.76B | 1.71B | 2.58B | 2.44B | 3.10B | 2.26B |
| Total Liabilities | 4.56B | 4.55B | 5.50B | 5.14B | 5.81B | 5.36B |
| Stockholders Equity | 43.51B | 45.22B | 42.33B | 40.61B | 38.84B | 37.59B |
Cash Flow | ||||||
| Free Cash Flow | 805.90M | 1.62B | 1.02B | 936.81M | -1.21B | 36.84M |
| Operating Cash Flow | 987.70M | 2.01B | 1.32B | 1.35B | -433.00M | 883.31M |
| Investing Cash Flow | -68.20M | -374.80M | -1.07B | -214.08M | -273.31M | -1.38B |
| Financing Cash Flow | -961.30M | -1.14B | -106.80M | -996.93M | 538.37M | 626.64M |
Ramco Industries Limited Technical Analysis
Neutral
314.20
Price Trends
281.80
Positive
284.47
Positive
307.55
Negative
Market Momentum
2.97
Positive
51.52
Neutral
53.81
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 314.2 is above the 20-day moving average (MA) of 294.46, above the 50-day MA of 281.80, and above the 200-day MA of 307.55, indicating a neutral trend. The MACD of 2.97 indicates Positive momentum. The RSI at 51.52 is Neutral, neither overbought nor oversold. The STOCH value of 53.81 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹186.20B | 38.18 | ― | 1.15% | 3.25% | 64.91% | |
75 Outperform | ₹25.34B | 8.28 | ― | 0.32% | 7.48% | 67.98% | |
69 Neutral | ₹108.86B | 18.27 | ― | 1.19% | -0.69% | -25.08% | |
63 Neutral | ₹448.35B | 46.93 | ― | 1.05% | 7.38% | -0.72% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹31.23B | 42.72 | ― | 0.20% | 2.95% | 74.29% | |
60 Neutral | ₹413.92B | 78.37 | ― | 0.26% | 12.62% | 2.48% |
* Basic Materials Sector Average
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Ramco Industries Limited Corporate Events
Ramco Industries Clears FY26 Results, Proposes Dividend and Director Reappointment
May 27, 2026
Ramco Industries Limited has reported its audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026, with the board confirming that the statutory auditors have issued unmodified opinions on these accou...
Ramco Industries Sets Board Meet for FY26 Results, Extends Trading Window Closure
May 13, 2026
Ramco Industries has scheduled a board meeting on 27 May 2026 at its corporate office in Chennai to consider the audited standalone and consolidated annual accounts for the financial year ended 31 March 2026 and to decide on recommending a dividen...
Ramco Industries Closes Trading Window Ahead of FY26 Results Board Meet
Mar 23, 2026
Ramco Industries Limited has announced that its trading window for dealing in company securities will be closed for directors, designated persons, and their immediate relatives from 1 April 2026 until two trading days after the board meeting to co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.