RAMCOINDCommodities

Ramco Industries Limited

Other Construction Materials · ISIN INE614A01028 · BSE 532369 · NSE EQ · FV ₹1
Last price
₹321
+0.02%today
What this company does

Ramco Industries Limited operates in Other Construction Materials, part of the Commodities sector. It booked ₹614 cr of revenue in its latest quarter (Q1 FY27) and kept 14.1% of sales as profit. It is the largest of 5 Other Construction Materials companies we track, by market value.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 25–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns50

How much profit it earns on the money it employs

Balance sheet80

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Growth & consistency87

Whether sales and profit have grown, and how steadily

Valuation57

What today's price implies, against our models or its peers

Governance & risk90

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 17% vs last year
Profit up 32% vs last year
Promoters hold 55%
Virtually debt-free
Turns profit into real cash
Watch-outs
! 1.1% of promoter stake pledged
! Low 7.7% return on equity

What if I invest in RAMCOIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹321 +0.02%
latest close · 2026-09-17
1-year return
+11.2%
52-wk low ₹16652-wk high ₹396
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.0Low
LowAverageHigh
P/B ratio0.61Below book
Below bookModerateHigh
EV / EBITDA6.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.7%Weak
WeakFairStrong ▸15%
Return on capital9.4%Fair
WeakFairStrong
Net margin14.1%Decent
ThinDecentStrong
EBITDA margin19.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover40.0×Strong
RiskyOkayStrong ▸5×
Current ratio2.55Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,779 cr
Book value
₹522
EPS
₹10.00
latest quarter
Net debt
₹55 cr
owes more than its cash
Enterprise value
₹2,834 cr
EBITDA
₹472 cr
annualised
EBIT
₹434 cr
annualised
Operating margin
17.7%
Return on assets
7.0%
Earnings yield
12.46%
P/S
1.13
Sales / share
₹283.5
Tax rate
25.1%
Face value
₹1
Shares
8.7 cr
Working capital
₹544 cr
Current assets
₹894 cr
Current liabilities
₹350 cr
Delivery %
49.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹230 vs market price ₹321 — price is 39% above it
Safety cushion-39.3%(target ≥ +20%)
Models span ₹201₹260, midpoint ₹230
Model ₹230
Price ₹321
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹614 cr
Other Income₹4 cr
Total Income₹618 cr
Cost of Materials₹262 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹50 cr
Employee Benefit Expense₹51 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹134 cr
Total Expenses₹521 cr
Exceptional Items₹9 cr
Profit before Tax₹106 cr
Tax Expense₹27 cr
Share of JV / Associates₹7 cr
Net Profit₹87 cr
Net margin on total income14.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹323 cr51.0%
Employee benefit expense₹51 cr8.0%
Finance costs₹3 cr0.4%
Depreciation & amortisation₹10 cr1.5%
Other expenses₹134 cr21.2%
Tax expense₹27 cr4.2%
Profit for the period₹87 cr13.7%
Total income ₹618 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue389 cr502 cr614 cr
Total income392 cr507 cr618 cr
Expenses356 cr451 cr521 cr
Profit before tax36 cr64 cr106 cr
Tax15 cr16 cr27 cr
Net profit (owners' share)112 cr88 cr87 cr
Net margin (owners' share, on revenue)28.8%17.5%14.1%
EPS (₹)12.9410.1210.00
YoY (latest quarter): total income +16.6% · net profit +31.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,977 cr
Shareholder equity
₹4,522 cr
parent shareholders
Total debt
₹169 cr
Cash
₹115 cr
Cash flow · H1 FY26
Operating
₹99 cr
Investing
₹-7 cr
Financing
₹-96 cr
Peer comparison
Other Construction Materials · by market value
CompanyPriceMarket capP/E
Ramco Industries Limitedthis company₹321₹2,779 cr8.0
BirlaNu Limited₹1,381₹1,045 cr27.7
Arisinfra Solutions Limited₹127₹1,041 cr15.5
Everest Industries Limited₹400₹634 cr1.6
Sahyadri Industries Limited₹359₹393 cr3.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 13 Aug 2026
ActionDetailEx-date
Dividend₹1.25 / share13 Aug 2026
Dividend₹1 / share6 Aug 2025
Dividend₹0.75 / share9 Aug 2024
Dividend₹1 / share3 Aug 2023
Dividend₹1 / share2 Aug 2022
Dividend₹1 / share22 Mar 2021
Who owns it · 2026-06-30
1.1% pledged
Promoter
54.8%
FII / Foreign
1.0%
DII / Domestic
3.3%
Retail / others
40.8%
Promoter stake up 0.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldN K SHRIKANTAN RAJA (HUF) · Other2,470 · ₹8.1 L31 Aug 26
SoldN K SHRIKANTAN RAJA (HUF) · Other2,530 · ₹8.7 L26 Aug 26
SoldN K SHRIKANTAN RAJA · Director5,000 · ₹17.1 L19 Aug 26
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE8.38 L @ ₹378.4810 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE8.38 L @ ₹378.6710 Aug 26
SoldMICROCURVES TRADING PRIVATE LIMITED · NSE16.01 L @ ₹380.2310 Aug 26
Stake changes
SoldThe Ramco Cements Limited · promoter→ 0.00% · 1.41 cr29 Oct 24
BoughtRajapalayam Mills Limited · promoter→ 13.43% · 33.91 L29 Oct 24
BoughtRamco Management Private Limited · promoter→ 14.51% · 1.07 cr29 Oct 24
Promoter pledges
PledgedBarclays Investments & Loans India pVt LTd3.60 L · 0.16% held24 Mar 26
ReleasedLender: Tata Capital Ltd17.00 L · 1.96% held22 Oct 24
ReleasedLender: Barclays Investments and loans India Private Ltd8.25 L · 2.91% held17 Oct 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
Adoption of Company's Standalone and Consolidated Financial Statements for the year ended 31.3.2026
Backed by 100% of shareholders other than promotersneeded 50%
1.23 cr votes for, 131 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend for the year 2025-26 at the rate of Rs.1.25 per share
Backed by 100% of shareholders other than promotersneeded 50%
1.24 cr votes for, 15 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Shri P.R. Venketrama Raja (DIN 00331406), as a Director, liable to retire by rotation
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
1.19 cr votes for, 4.65 L against · 17% of mutual funds and other big investors said no
4
Ratification of Remuneration of Rs.3,00,000/- (exclusive of applicable GST and out of pocket expenses) to M/s. N. Sivashankaran & Co., Cost Accountants, Cost Auditors of the Company for the financial year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
1.24 cr votes for, 15 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 19 named members
owning 54.9% between them · as of 2026-06-30
PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA16.71%
RAMCO MANAGEMENT PRIVATE LIMITED14.51%
RAJAPALAYAM MILLS LIMITED14.16%
SARADHA DEEPA4.11%
NALINA RAMALAKSHMI2.37%
SETHULAKSHMI JAYARAMAN1.08%
ALAGARAJA RAMALAKSHMI0.49%
P.V. NIRMALA0.46%
Business done with them
FY2025 · 4 of the group
The company paid ₹68 cr to companies in the promoter group last year — about 4.1% of its ₹1,659 cr revenue and received ₹55 cr back from them.
Rajapalayam Mills Limited
Bought goods from them · Purchase/ sale of goods
also owns 14.16% of the company
₹63 cr
company paid
Rajapalayam Mills Limited
Sold goods to them · Purchase/ sale of goods
also owns 14.16% of the company
₹37 cr
company received
The Ramco Cements Limited
Contribution received from them · Purchase/ sale of goods
₹13 cr
company received
Rajapalayam Mills Limited
Provided services to them · Purchase/ sale of goods
also owns 14.16% of the company
₹4 cr
company received
Rajapalayam Mills Limited
Paid them for services · Purchase/ sale of goods
also owns 14.16% of the company
₹1 cr
company paid
The Ramco Cements Limited
Contribution made to them · Purchase/ sale of goods
₹1 cr
company paid
Rajapalayam Mills Limited
Other payments to them · Purchase/ sale of goods
also owns 14.16% of the company
₹72.3 L
company paid
Rajapalayam Mills Limited
Contribution made to them · Purchase/ sale of goods
also owns 14.16% of the company
₹63 L
company paid
Rajapalayam Mills Limited
Other income from them · Purchase/ sale of goods
also owns 14.16% of the company
₹54.7 L
company received
The Ramco Cements Limited
Bought goods from them · Purchase/ sale of goods
₹39.1 L
company paid
The Ramco Cements Limited
Other payments to them · Purchase/ sale of goods
₹31 L
company paid
The Ramco Cements Limited
Leases As Lessee · Purchase/ sale of goods
₹13.9 L
company received
Rajapalayam Mills Limited
Leases As Lessor · Purchase/ sale of goods
also owns 14.16% of the company
₹10 L
company received
Rajapalayam Mills Limited
Leases As Lessee · Purchase/ sale of goods
also owns 14.16% of the company
₹5.8 L
company received
The Ramco Cements Limited
Other income from them · Purchase/ sale of goods
₹5.2 L
company received
The Ramco Cements Limited
Sold goods to them · Purchase/ sale of goods
₹1.8 L
company received
Rajapalayam Mills Limited
Contribution received from them · Purchase/ sale of goods
also owns 14.16% of the company
₹0.96 L
company received
Ramco Private Limited
Contribution made to them · Dividend Paid
also owns 0.05% of the company
₹0.3 L
company paid
Ramco Agencies Private Limited
Contribution made to them · Dividend Paid
also owns 0.03% of the company
₹0.17 L
company paid

The company also transacted with 27 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.