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Ramco Industries Limited (RAMCOIND) · mywealthgrid

About

Ramco Industries operates in construction materials within India's Materials sector. With market cap ₹3,098 Cr, it is a mid-scale player in specialized construction materials. Recent quarters show revenue scale of 531–613 Cr standalone and the company maintains regular dividend payments despite quarterly earnings volatility.

Face value: ₹1

Market cap

₹2,624 Cr

P/E

8.0×

P/B

0.6×

Dividend yield

0.4%

ROE

ROCE

4.7%

Debt / equity

0.04

OPM

13%

EPS (TTM)

₹37.7

Book value

₹521.0

52-week high

₹377.2

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Significant quarterly volatility: net profit ranges 16.59–112.07 Cr and OPM 8.07–17.13%. Underlying causes (seasonality, project concentration, cost structure, mix) should be verified.
Low profitability relative to capital: ROE 7% indicates modest efficiency despite minimal leverage (D/E 0.04).
Construction materials demand is cyclical. Verify current position in end-market cycles and any leading indicators of project delays or slowdown.
Limited institutional participation (FII 1%, DII 3.34%) may reflect thin analyst coverage or structural demand constraints on valuation multiples.

Generated analysis · source review pending

Growth drivers

Quarterly revenue trend shows growth from Sep 2025 (272–365 Cr) to Jun 2026 (531–613 Cr, standalone basis)—verify if this reflects demand cycle strength or structural market share expansion.
Low leverage (D/E 0.04) provides balance sheet capacity for growth capex, acquisitions, or working capital deployment.
Consistent dividend payments since 2022 indicate stable operating cash generation to fund organic growth.
Jun 2026 OPM of 17.13% exceeds reported average of 12.95%—verify if operational improvements or mix shifts are sustainable and replicable.

Generated analysis · source review pending

₹302.3-15.4%1Y

Beta

0.88

Moves with the index

Volatility (1y)

39.8%

Annualised, daily returns

RSI (14)

35.7

Neither overbought nor oversold

Rel. strength (1y)

-27%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 11.9×

Cons

−Low return on equity of 4.7% (3-yr avg)
−Modest revenue growth of 8.2% a year over the last 5 years
−Low dividend payout of 3.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 42
Growth: 75
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ramco Industries LimitedRAMCOINDRAMCOIND	₹2,624 Cr	₹2,793 Cr	₹1,870 Cr	₹269 Cr	13%	₹327 Cr	17.1%	4.7%	7%	242
Glass Wall Systems (India) LimitedGLASSWALLGLASSWALL	₹2,378 Cr	₹2,384 Cr	₹457 Cr	₹105 Cr	23%	₹84 Cr	18.3%	50.4%	38.6%	—
Arisinfra Solutions LimitedARISARIS	₹1,134 Cr	₹1,189 Cr	₹1,146 Cr	₹113 Cr	9.4%	₹66 Cr	5.7%	21.4%	10.9%	71
Birlanu LimitedBIRLANUBIRLANU	₹1,043 Cr	₹1,896 Cr	₹3,852 Cr	₹43 Cr	0.3%	₹-109 Cr	-3.2%	-4.9%	-10.3%	62
Everest Industries LimitedEVERESTINDEVERESTIND	₹756 Cr	₹884 Cr	₹1,352 Cr	₹-10 Cr	-2.7%	₹-1 Cr	-7.2%	-9%	-18.6%	97
Midwest Gold LtdREMAGNETREMAGNET	₹488 Cr	₹584 Cr	₹4 Cr	₹6 Cr	-8.3%	₹3 Cr	11.5%	2%	1.1%	369
Marble City India LtdMARBLEMARBLE	₹423 Cr	₹528 Cr	₹59 Cr	₹13 Cr	25.3%	₹2 Cr	5.5%	14.6%	6.6%	661
Sahyadri Industries LimitedSAHYADRISAHYADRI	₹388 Cr	₹404 Cr	₹723 Cr	₹80 Cr	9%	₹45 Cr	4.3%	10.6%	7.4%	142
Om Galaxy LtdOMGOMG	₹303 Cr	—	—	—	—	—	—	—	—	—
Glittek Granites LtdGLITTEKGGLITTEKG	₹208 Cr	₹208 Cr	₹2 Cr	₹-22 Cr	—	₹7 Cr	-780%	-3.4%	-3.5%	0
Nidhi Granites LtdNIDHGRNNIDHGRN	₹196 Cr	₹197 Cr	₹65 Cr	₹12 Cr	18.9%	₹8 Cr	11.8%	56.6%	41%	67
Divyashakti LtdDIVSHKTDIVSHKT	₹70 Cr	₹75 Cr	₹57 Cr	₹9 Cr	-1.5%	₹6 Cr	3%	0.8%	0.5%	1,145

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	942	954	959	1,037	974	1,209	1,457	1,458	1,501	1,659	1,792
COGS	518	485	502	538	493	630	747	805	849	956	981
Gross profit	424	469	457	498	481	579	711	653	653	703	811
	345	352	339	370	278	224	312	485	464	437	408
	79	117	118	128	204	356	399	168	189	266	403
OPM %	8.4%	12.3%	12.3%	12.3%	20.9%	29.4%	27.4%	11.5%	12.6%	16.1%	22.5%
Depreciation	25	26	28	29	31	33	33	34	37	36	37
Interest	40	34	22	15	15	10	9	21	25	17	18
	26	4	35	24	46	25	12	25	14	16	23
Profit before tax	57	79	112	107	204	338	369	138	141	229	371
Tax	-0	24	33	33	34	59	66	16	36	48	65
Tax %	-0%	30.4%	29.7%	30.5%	16.9%	17.5%	17.9%	11.3%	25.2%	21%	17.5%
	57	55	79	75	170	279	303	123	106	181	306
PAT margin %	6.1%	5.8%	8.2%	7.2%	17.4%	23.1%	20.8%	8.4%	7%	10.9%	17.1%
EPS (₹)	—	—	—	—	20.3	33.4	36.3	14.7	12.7	20.9	35.4
EPS adjusted (₹)	6.6	6.4	9.1	8.6	19.6	32.2	34.9	14.1	12.2	20.8	35.3
	—	—	—	—	2.5%	3%	2.8%	6.8%	5.9%	4.8%	3.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9	9	9	9	9
Reserves	2,348	2,514	2,877	3,044	3,201	3,475	3,750	3,875	4,052	4,224	4,513
	317	310	186	157	207	152	224	308	242	256	169
	235	226	244	254	296	332	339	273	273	294	286
Total equity & liabilities	2,909	3,059	3,315	3,464	3,713	3,968	4,322	4,465	4,575	4,783	4,977
	405	407	—	—	—	472	522	563	565	558	556
CWIP	10	22	10	5	21	36	19	12	6	5	17
Investments	1,981	2,108	2,331	2,440	2,571	2,818	3,054	3,058	3,173	3,341	3,485
	514	522	974	1,019	1,121	643	726	832	832	879	918
Total assets	2,909	3,059	3,315	3,464	3,713	3,968	4,322	4,465	4,575	4,783	4,977

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
BUILDING PRODUCTS	1,596.87	175.79	1,173.71	177.55	996.16	17.65
TEXTILES	193.46	2.41

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.1%	49.4%	47.9%	48.8%	44.8%	43.5%	42.4%	45.3%
EBITDA margin %	12.3%	10.6%	15.9%	15.3%	10.4%	10.4%	10.8%	13%
EBIT margin %	9.5%	7.4%	13.2%	13%	8.1%	7.9%	8.6%	10.9%
PAT margin %	7.2%	17.4%	23.1%	20.8%	8.4%	7%	10.9%	17.1%
Working capital
Receivable days	33	31	28	23	15	17	22	18
Inventory days	194	264	217	203	273	262	232	235
Payable days	—	—	48	35	11	13	17	11
NWC days	—	—	197	192	277	267	237	242
Leverage
Current ratio	1.43	1.35	1.53	1.46	1.65	1.85	2.1	2.55
Debt to EBITDA	1.23	2.01	0.79	1.01	2.03	1.55	1.43	0.73
Debt to equity	0.05	0.06	0.04	0.06	0.08	0.06	0.06	0.04
Interest coverage	7.8	7.7	19.3	23.3	6.7	5.3	9.4	11.9
Asset turnover	0.3	0.26	0.3	0.34	0.33	0.33	0.35	0.36
Return ratios
Return on assets %	2.2%	4.6%	7%	7%	2.7%	2.3%	3.8%	6.2%
Return on capital employed %	3.9%	3.6%	5.4%	5.4%	3.6%	3.3%	3.7%	4.7%
Return on equity %	2.4%	5.3%	8%	8.1%	3.2%	2.6%	4.3%	6.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.88%	53.88%	54.81%	54.81%	54.81%	54.81%	54.81%	54.81%	54.79%	54.79%	54.79%	54.83%
	0.71%	0.9%	0.85%	0.98%	0.96%	1.43%	0.81%	1.13%	1.27%	0.81%	0.81%	1%
	4.24%	4.18%	4.18%	4.18%	4.18%	4.18%	4.19%	3.85%	3.51%	3.25%	3.34%	3.34%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	41.17%	41.04%	40.16%	40.03%	40.05%	39.58%	40.19%	40.21%	40.43%	41.15%	41.06%	40.83%
No. of shareholders	—	—	—	—	—	—	—	—	30,459	30,296	29,086	31,622

Promoter holding up 0.95 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
A RAMALAKSHMIPromoter Group	BuyInter-se-Transfer	5,00,000	₹15.41 cr	13.59% → 14.16%	5 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

32 deals · 29 Dec 2023 – 10 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	16,01,303	₹380.23	₹60.89 Cr
10 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	16,01,303	₹379.88	₹60.83 Cr
10 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	8,38,272	₹378.48	₹31.73 Cr
10 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	8,38,272	₹378.67	₹31.74 Cr
10 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	6,44,902	₹376.24	₹24.26 Cr
10 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	6,41,884	₹376.51	₹24.17 Cr
10 Aug 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	4,40,228	₹373.53	₹16.44 Cr
10 Aug 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	4,40,228	₹373.15	₹16.43 Cr
25 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	9,67,393	₹344.59	₹33.34 Cr
25 Jun 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	9,67,393	₹344.80	₹33.36 Cr

1–10 of 32

1 / 4

Mr. PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJANon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. SINTHALAPADI SRIRENGA RAJA RAMACHANDRA RAJANon-Executive - Non Independent Director
K. SankaranarayananChief Financial Officer
Mr. NAMBUR KRISHNAMA RAJA SHRIKANTAN RAJANon-Executive - Non Independent Director
Mr. POOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJExecutive Director-MD
Prem G ShankerChief Executive Officer
Mr. AJAY BHASKAR BALIGANon-Executive - Independent Director
Mr. HARIHARAN THIAGARAJANNon-Executive - Independent Director
Mr. POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJANon-Executive - Independent Director
Mrs. SOUNDARA KUMARNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

2.63%

of the company's equity

All mutual funds

2.63%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes · 2 fund houses

		Shares
SMALL CAP FUND	Tata Mutual Fund	22.82 L	74.85	0.57%	2.629%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	116	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

28

Final dividend13 Aug 2026 · ex-date₹1.25
Final dividend6 Aug 2025 · ex-date₹1
Final dividend9 Aug 2024 · ex-date₹0.75
Final dividend3 Aug 2023 · ex-date₹1
Final dividend2 Aug 2022 · ex-date₹1
Interim dividend22 Mar 2021 · ex-date₹1
Interim dividend11 Mar 2020 · ex-date₹0.5
Dividend dividend31 Jul 2019 · ex-date₹0.5
Dividend dividend26 Jul 2018 · ex-date₹0.5
Dividend dividend27 Jul 2017 · ex-date₹0.5
Interim dividend18 Mar 2016 · ex-date₹0.5
Dividend dividend15 Sept 2015 · ex-date₹0.3
Dividend dividend18 Jul 2014 · ex-date₹0.25
Final dividend19 Jul 2013 · ex-date₹0.2
Interim dividend15 Feb 2013 · ex-date₹0.9
Final dividend26 Jul 2012 · ex-date₹0.2
Interim dividend27 Mar 2012 · ex-date₹0.9
Final dividend2 Aug 2011 · ex-date₹0.4
Interim dividend1 Nov 2010 · ex-date₹0.5
Final dividend23 Jul 2010 · ex-date₹0.4
Interim dividend30 Oct 2009 · ex-date₹0.45
Final dividend28 Jul 2009 · ex-date₹5
Interim dividend4 Feb 2009 · ex-date₹5
Interim dividend29 Oct 2008 · ex-date₹5
Final dividend1 Aug 2008 · ex-date₹5
Interim dividend5 Feb 2008 · ex-date₹5
Interim dividend26 Oct 2007 · ex-date₹5
Final dividend18 Jul 2007 · ex-date₹5

1

Board meeting to consider results10 Aug 2026

1

Face value ₹10 → ₹114 Sept 2009 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

82 announcementsExport CSV

16 Sept 2026, 4:03 pmAGM/EGM

61St AGM Minutes

AGM PDF

21 Aug 2026, 5:01 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

20 Aug 2026, 5:14 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

10 Aug 2026, 12:06 pmBoard Meeting

Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30.6.2026 And Limited Review Report Of The Auditors Thereon

Outcome of Board Meeting PDF

29 Jul 2026, 12:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Jul 2026, 4:16 pmCompany Update

General Updates - 61St AGM

General PDF

28 Jul 2026, 4:13 pmCompany Update

General Updates - 61St AGM

General PDF

28 Jul 2026, 12:49 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Date	Category	Subject	Filing
16 Sept 2026, 4:03 pm	AGM/EGM AGM	61St AGM Minutes	PDF
21 Aug 2026, 5:01 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	79	47	126	88	36	190	88	-43	135	132	201
	6	-9	13	-33	-63	-73	-138	-27	-21	-107	-37
	-57	-48	-150	-36	27	-104	63	54	-100	-11	-114
Net cash flow	28	-9	-12	20	0	14	13	-17	14	14	50
Free cash flow	48	4	—	—	—	130	20	-106	101	103	150
CFO / Operating profit %	100%	39.9%	106.9%	69.2%	35.1%	98.6%	39.6%	-28.5%	86.2%	73.8%	86.6%

Ramco Industries Limited

Ramco Industries Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends28

Board meetings1

Stock splits1

Announcements

Dividends28

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

BUILDING PRODUCTS · revenue

28

1

1

28

1

1