Ramco Industries Limited (IN:RAMCOIND)
:RAMCOIND
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Ramco Industries Limited
(RAMCOIND)
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Rating:72Outperform
Price Target:
₹295.00
▼(-6.11% Downside)
Action:Upgraded
Date:03/28/26
The score is supported primarily by strong financial health (very low leverage and improved profitability) and attractive valuation (low P/E). This is tempered by weak technicals, with the stock trading below key moving averages and negative momentum indicators.
Positive Factors
Strong Balance Sheet
Very low leverage and a high equity ratio give Ramco durable financial flexibility. This reduces interest burden, supports working capital and capex without heavy external funding, and provides a buffer through construction cyclical downturns, sustaining strategic optionality.
Negative Factors
Gross Margin Erosion
A multiyear decline in gross margin points to margin compression risks from competitive pricing pressure or rising input costs. Continued erosion would limit operating leverage and could reverse recent profitability gains, constraining reinvestment and long-term margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Very low leverage and a high equity ratio give Ramco durable financial flexibility. This reduces interest burden, supports working capital and capex without heavy external funding, and provides a buffer through construction cyclical downturns, sustaining strategic optionality.
Read all positive factors
Ramco Industries Limited (RAMCOIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.74B
Dividend Yield0.32%
Average Volume (3M)40.38K
Price to Earnings (P/E)6.0
Beta (1Y)1.06
Revenue Growth5.90%
EPS Growth32.42%
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 Ratio0.17
Price to Book (P/B)0.48
Price to Sales (P/S)1.22
P/FCF Ratio19.79
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 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 prov...
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
75
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.53B | 16.50B | 14.95B | 14.52B | 14.57B | 12.09B |
| Gross Profit | 6.84B | 3.48B | 4.77B | 4.83B | 5.57B | 4.57B |
| EBITDA | 2.18B | 1.95B | 1.67B | 1.72B | 2.34B | 2.18B |
| Net Income | 2.31B | 1.81B | 1.06B | 1.24B | 3.03B | 2.79B |
Balance Sheet | ||||||
| Total Assets | 48.06B | 47.83B | 45.75B | 44.65B | 42.94B | 39.68B |
| Cash, Cash Equivalents and Short-Term Investments | 991.60M | 877.55M | 794.32M | 601.47M | 799.90M | 643.29M |
| Total Debt | 1.76B | 2.58B | 2.44B | 3.10B | 2.26B | 1.55B |
| Total Liabilities | 4.56B | 5.50B | 5.14B | 5.81B | 5.36B | 4.84B |
| Stockholders Equity | 43.51B | 42.33B | 40.61B | 38.84B | 37.59B | 34.84B |
Cash Flow | ||||||
| Free Cash Flow | 805.90M | 1.02B | 936.81M | -1.21B | 36.84M | 1.30B |
| Operating Cash Flow | 987.70M | 1.32B | 1.35B | -433.00M | 883.31M | 1.90B |
| Investing Cash Flow | -68.20M | -1.07B | -214.08M | -273.31M | -1.38B | -727.63M |
| Financing Cash Flow | -961.30M | -106.80M | -996.93M | 538.37M | 626.64M | -1.04B |
Ramco Industries Limited Technical Analysis
Negative
314.20
Price Trends
267.47
Positive
288.67
Negative
307.43
Negative
Market Momentum
1.30
Positive
49.63
Neutral
30.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOIND, the sentiment is Negative. The current price of 314.2 is above the 20-day moving average (MA) of 274.46, above the 50-day MA of 267.47, and above the 200-day MA of 307.43, indicating a neutral trend. The MACD of 1.30 indicates Positive momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 30.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹168.05B | 23.52 | ― | 1.15% | 3.25% | 64.91% | |
72 Outperform | ₹23.74B | 6.02 | ― | 0.32% | 5.90% | 32.42% | |
63 Neutral | ₹440.54B | 27.43 | ― | 1.05% | 7.38% | -0.72% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹103.87B | 23.17 | ― | 1.19% | -5.57% | -37.23% | |
61 Neutral | ₹29.35B | -310.89 | ― | 0.20% | 2.95% | 74.29% | |
60 Neutral | ₹387.69B | 80.07 | ― | 0.26% | 12.62% | 2.48% |
* Basic Materials Sector Average
IN:RAMCOIND
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Ramco Industries Limited Corporate Events
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.