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Ramco Industries Limited
(RAMCOIND)
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Rating:76Outperform
Price Target:
₹329.00
▼(-2.62% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by solid financial quality led by a conservatively levered balance sheet, offset by profitability and cash-flow inconsistency. Technicals add support given a strong uptrend with positive momentum indicators, while valuation is modestly favorable due to a low P/E but limited by a very low dividend yield.
Positive Factors
Revenue Growth
Positive revenue growth indicates that Ramco Industries continues to expand its sales base across its building-material markets. Sustained top-line expansion can support operating leverage, strengthen distribution reach, and provide a foundation for improved earnings over the next several quarters.
Negative Factors
Margin Compression
The multi-year decline from earlier peak margins raises questions about how much profitability can be sustained through the cycle. Lower margins reduce the benefit of revenue growth, leave less room to absorb cost pressure, and can restrain earnings expansion over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Positive revenue growth indicates that Ramco Industries continues to expand its sales base across its building-material markets. Sustained top-line expansion can support operating leverage, strengthen distribution reach, and provide a foundation for improved earnings over the next several quarters.
Read all positive factors
Ramco Industries Limited (RAMCOIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.98B
Dividend Yield0.43%
Average Volume (3M)5.03K
Price to Earnings (P/E)7.7
Beta (1Y)0.98
Revenue Growth13.85%
EPS Growth57.79%
CountryIN
Employees1,775
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)37.76
Shares Outstanding86,841,560
10 Day Avg. Volume3,963
30 Day Avg. Volume5,032
Financial Highlights & Ratios
PEG Ratio0.10
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 building-material products, with its core revenue stream coming from fibre cement roofing sheets and allied fibre cement building products sold into the construction and infrastru...
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 | 18.70B | 17.92B | 16.50B | 14.95B | 14.52B | 14.57B |
| Gross Profit | 7.12B | 6.09B | 3.48B | 4.77B | 4.83B | 5.57B |
| EBITDA | 2.81B | 2.40B | 1.95B | 1.67B | 1.72B | 2.34B |
| Net Income | 3.27B | 3.06B | 1.81B | 1.06B | 1.24B | 3.03B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 49.77B | 47.83B | 45.75B | 44.65B | 42.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37B | 1.54B | 877.55M | 794.32M | 601.47M | 799.90M |
| Total Debt | 0.00 | 1.71B | 2.58B | 2.44B | 3.10B | 2.26B |
| Total Liabilities | -45.22B | 4.55B | 5.50B | 5.14B | 5.81B | 5.36B |
| Stockholders Equity | 45.22B | 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
Negative
337.85
Price Trends
329.28
Negative
322.90
Negative
305.93
Negative
Market Momentum
-9.25
Positive
29.67
Positive
8.55
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 337.85 is above the 20-day moving average (MA) of 314.33, above the 50-day MA of 329.28, and above the 200-day MA of 305.93, indicating a bearish trend. The MACD of -9.25 indicates Positive momentum. The RSI at 29.67 is Positive, neither overbought nor oversold. The STOCH value of 8.55 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹25.98B | 7.70 | ― | 0.43% | 13.85% | 57.79% | |
74 Outperform | ₹192.82B | 35.32 | ― | 1.16% | 8.32% | 74.12% | |
68 Neutral | ₹449.64B | 42.60 | ― | 1.04% | 8.71% | 16.02% | |
66 Neutral | ₹95.49B | 15.04 | ― | 1.30% | -2.24% | 54.85% | |
64 Neutral | ₹28.35B | 27.00 | ― | 0.40% | 5.10% | 347.36% | |
57 Neutral | ₹384.17B | 65.73 | ― | 0.28% | 16.79% | 18.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:RAMCOIND
Ramco Industries Limited
291.15
-56.28
-16.20%
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149.60
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1,210.50
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-1.54%
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249.10
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-24.74%
IN:SUPREMEIND
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3,478.00
-716.75
-17.09%
Ramco Industries Limited Corporate Events
Ramco Industries Files SEBI Compliance Certificate on Share Dematerialisation
Oct 8, 2026
Ramco Industries Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026, as confirmed by its registrar and share transfer agent, C...
Ramco Industries Details Proceedings of 61st AGM Held via Video Conferencing
Aug 20, 2026
Ramco Industries Limited has reported that its 61st Annual General Meeting was held on August 20, 2026, via video conferencing, with proceedings formally communicated to the National Stock Exchange of India and BSE. The meeting, which ran from 11:...
Ramco Industries Posts Strong Q1 FY27 Results, Boosts Disclosure Access
Aug 12, 2026
Ramco Industries reported unaudited consolidated results for the quarter ended June 30, 2026, showing revenue from operations of Rs 613.81 crore and net profit after tax of Rs 79.21 crore, with total comprehensive income at Rs 84.07 crore. Standal...
Ramco Industries Sets Board Meet for Q1 Results, Extends Trading Window Closure
Jul 28, 2026
Ramco Industries Limited has scheduled a board meeting on 10 August 2026 to review and approve its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, underscoring its regular financial reporting cycle and t...
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.