Ramco Industries Limited (RAMCOIND) AI Stock Analysis

• Market Cap: ₹21.46B
• Dividend Yield: 0.32%
• Average Volume (3M): 40.38K
• Price to Earnings (P/E): 6.0
• Beta (1Y): 1.04
• Revenue Growth: 3.75%
• EPS Growth: 77.08%
• Country: IN
• Employees: 1,754
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 12.94
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹266.00 ▼(-15.34% Downside)
• Action: Upgraded Date: 03/28/26
• Date: Action: Upgraded 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

Very low leverage and high equity ratio

A very low debt-to-equity ratio and an ~88.5% equity base provide durable financial flexibility. This reduces refinancing and default risks, supports capital spending or opportunistic M&A, and helps the company weather construction cycle downturns without eroding core operations.

Negative Factors

Declining gross margin trend

A falling gross margin over multiple years suggests pressure from rising input costs or weaker pricing in core products. If structural, this can compress long-term operating profitability, forcing either cost restructuring or margin recovery measures to sustain returns.

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...

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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 primarily makes money by manufacturing and selling fiber cement-based building materials. The main revenue stream is the sale of fiber cement sheets and allied products to (1) retail/distribution networks such as dealers, stockist...

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Ramco Industries primarily makes money by manufacturing and selling fiber cement-based building materials. The main revenue stream is the sale of fiber cement sheets and allied products to (1) retail/distribution networks such as dealers, stockist...

Ramco Industries Limited Financial Statement Overview

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

• Technical Analysis Sentiment: Negative
• Last Price: 314.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 261.80, above the 50-day MA of 289.54, and above the 200-day MA of 308.41, indicating a bearish trend. The MACD of -14.33 indicates Positive momentum. The RSI at 40.04 is Neutral, neither overbought nor oversold. The STOCH value of 19.24 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAMCOIND	72 Outperform	₹21.46B	6.02	―	0.32%	3.75%	77.08%
SHREEPUSHK	62 Neutral	₹10.34B	17.66	―	0.52%	28.67%	50.12%
SOMANYCERA	62 Neutral	₹15.13B	22.77	―	0.71%	4.20%	-31.88%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹21.86B	46.52	―	0.19%	10.61%	43.88%
SAGCEM	52 Neutral	₹21.50B	-12.17	―	0.33%	3.34%	-112.79%
NCLIND	49 Neutral	₹7.12B	17.17	―	1.52%	-16.46%	-21.60%

Ramco Industries Limited Corporate Events