Ramky Infrastructure Limited (IN:RAMKY)
:RAMKY
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Ramky Infrastructure Limited
(RAMKY)
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Rating:61Neutral
Price Target:
₹546.00
▼(-1.44% Downside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by mixed financial performance (solid cash flow and revenue growth offset by leverage and profit volatility). Technical indicators are neutral-to-weak with negative momentum signals, while valuation looks reasonable based on the P/E provided.
Positive Factors
Operating cash flow strength
Consistently strong operating cash flow and positive free cash flow provide durable internal funding for working capital and capex. This sustained cash generation reduces reliance on external funding for project execution and gives flexibility to navigate slow collections or fund selective bidding over months.
Negative Factors
High leverage
Elevated debt-to-equity increases refinancing and interest-rate risk, squeezing cash available for operations during rate shocks. For an EPC business with lumpy receivables and retention schedules, high leverage reduces financial flexibility and raises the chance of liquidity stress if project payments are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow strength
Consistently strong operating cash flow and positive free cash flow provide durable internal funding for working capital and capex. This sustained cash generation reduces reliance on external funding for project execution and gives flexibility to navigate slow collections or fund selective bidding over months.
Read all positive factors
Ramky Infrastructure Limited (RAMKY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹34.82B
Dividend YieldN/A
Average Volume (3M)33.74K
Price to Earnings (P/E)12.3
Beta (1Y)1.47
Revenue Growth-14.42%
EPS Growth-13.89%
CountryIN
Employees1,054
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)11.35
Shares Outstanding69,197,790
10 Day Avg. Volume83,797
30 Day Avg. Volume33,744
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)1.67
Price to Sales (P/S)1.55
P/FCF Ratio13.97
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
Ramky Infrastructure Limited Business Overview & Revenue Model
Company Description
Ramky Infrastructure Limited, together with its subsidiaries, provides integrated construction, infrastructure development, and management services primarily in India. It operates through two segments, Construction Business and Developer Business....
How the Company Makes Money
RAMKY primarily makes money by bidding for and executing infrastructure construction contracts and recognizing revenue based on project progress and contractual milestones. Its key revenue stream is EPC/contracting income from executing projects (...
Ramky Infrastructure Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.99B | 20.45B | 21.61B | 17.05B | 14.59B | 10.56B |
| Gross Profit | 11.19B | 4.60B | 6.01B | 3.95B | 11.95B | 9.03B |
| EBITDA | 4.63B | 5.02B | 6.70B | 17.94B | 5.27B | 2.87B |
| Net Income | 2.01B | 1.97B | 3.08B | 11.41B | 236.21M | 195.63M |
Balance Sheet | ||||||
| Total Assets | 44.27B | 41.90B | 42.62B | 46.51B | 45.55B | 43.83B |
| Cash, Cash Equivalents and Short-Term Investments | 3.23B | 2.02B | 846.70M | 7.98B | 2.73B | 2.04B |
| Total Debt | 6.13B | 5.70B | 8.34B | 16.50B | 21.24B | 23.03B |
| Total Liabilities | 22.09B | 21.21B | 23.98B | 31.03B | 41.54B | 40.21B |
| Stockholders Equity | 20.55B | 19.04B | 17.12B | 14.12B | 2.76B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.14B | 2.27B | 2.60B | 24.72B | 1.80B | 1.81B |
| Operating Cash Flow | 1.62B | 3.73B | 3.70B | 26.11B | 2.78B | 2.22B |
| Investing Cash Flow | 217.83M | -109.63M | -719.43M | -2.15B | -853.74M | 12.02M |
| Financing Cash Flow | -234.19M | -3.80B | -10.11B | -16.50B | -3.27B | -2.27B |
Ramky Infrastructure Limited Technical Analysis
Positive
554.00
Price Trends
468.66
Positive
506.93
Positive
550.32
Negative
Market Momentum
9.65
Negative
63.49
Neutral
92.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMKY, the sentiment is Positive. The current price of 554 is above the 20-day moving average (MA) of 471.00, above the 50-day MA of 468.66, and above the 200-day MA of 550.32, indicating a neutral trend. The MACD of 9.65 indicates Negative momentum. The RSI at 63.49 is Neutral, neither overbought nor oversold. The STOCH value of 92.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAMKY.
Ramky Infrastructure Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹38.97B | 13.34 | ― | 0.67% | 5.19% | 3.24% | |
62 Neutral | ₹59.41B | 30.38 | ― | 0.06% | 10.19% | -16.13% | |
61 Neutral | ₹34.82B | 12.27 | ― | ― | -14.42% | -13.89% | |
61 Neutral | ₹29.09B | 48.21 | ― | ― | 7.95% | -39.02% | |
58 Neutral | ₹16.54B | 17.55 | ― | ― | -26.88% | 87.64% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹11.66B | 25.32 | ― | ― | 9.08% | -80.14% |
* Services Sector Average
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Ramky Infrastructure Limited Corporate Events
Ramky Infrastructure Bolsters Subsidiary Financing With New Guarantees and Pledges
Mar 21, 2026
Ramky Infrastructure Limited’s board has granted omnibus approval for related party transactions for the 2026–27 financial year, signalling continued use of intra-group arrangements to support its infrastructure operations. The board a...
Ramky Infrastructure Wins INR 1,401-Crore EPC Contract for Dighi Port Industrial Area
Mar 4, 2026
Ramky Infrastructure Limited has secured an engineering, procurement and construction contract from Maharashtra Industrial Township Limited for infrastructure development at the Dighi Port Industrial Area, Phase I Package A. The project, valued at...
Ramky Infrastructure Gets NCLT Nod to Merge Toll Road Subsidiaries
Feb 25, 2026
Ramky Infrastructure Limited has received a sanctioning order from the National Company Law Tribunal, Hyderabad Bench, approving the amalgamation of its wholly owned subsidiaries Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road ...
Ramky Infrastructure Shareholders Clear Extension of Promoter-Group Deposit Tenure
Feb 10, 2026
Ramky Infrastructure Limited has announced the outcome of a postal ballot conducted to seek shareholder approval for changes to a material related-party transaction. The board had earlier approved extending the tenure of an inter-corporate deposit...
Ramky Infrastructure Publishes Q3 and Nine-Month FY25-26 Investor Update
Feb 7, 2026
Ramky Infrastructure Limited has released an investor presentation detailing its financial performance for the third quarter and nine months ended 31 December 2025, in compliance with disclosure requirements under SEBI’s Listing Obligations ...
Ramky Infrastructure Posts Steady Q3 FY26 Results with Strong Margins and Robust Balance Sheet
Feb 7, 2026
Ramky Infrastructure Limited reported a steady performance for the third quarter of FY26, with total income of INR 5,507 million, EBITDA of INR 1,377 million at a robust 25% margin, and profit after tax of INR 780 million translating into a 14% ma...
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.