As of 6 Nov 2026, Ramco Industries trades at 8.3× trailing earnings, below the industry P/E of 24.8×, and the shares are 20% below their 52-week high. Sales and net profit grew 7.1% and 35% a year over 3 years, with ROCE of 4.6% and ROE of 7.5%. It carries very little debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹2,731 Cr, ranked 11th of 64 Building Products & Equipment companies by market cap; the shares fell 10% over the past year.
- ₹315.15
- ₹317.00
- ₹308.05
- ₹315.15
- 94K
Health check
- ReturnsIn line
−10.1% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 8.3 vs industry 24.8.
- GrowthStrong
Sales +7.1%, profit +35.2% a year over 3 years.
- ProfitabilityWeak
ROCE 4.6% vs peer median 20.7%.
- Balance sheetSolid
Practically debt-free.
- Red flags1 to check
Return on equity is low at 7.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,731 Cr
- Small cap
- P/E
- 8.3
- Industry 24.8
- Price to book
- 0.59
- Peers 7.95
- Dividend yield
- 0.40%
- ROE
- 7.5%
- Peers 18.7%
- ROCE
- 4.6%
- Peers 20.7%
- Debt to equity
- 0.00
- Debt ₹8.64 Cr
- EPS (TTM)
- ₹37.79
- Face value ₹1
- OPM (TTM)
- 14.6%
- Net margin 17.2%
- Sales growth
- +15.5%
- Latest quarter vs a year ago
- Profit growth
- +31.9%
- Latest quarter vs a year ago
- Price to sales
- 1.40
- EV/EBITDA 8.5
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 31.9% on a year ago.
- Quarterly sales up 15.5% on a year ago.
- P/E of 8.3 against an industry P/E of 24.8.
Risks to check
- Return on equity is low at 7.5%.
About Ramco Industries
Ramco Industries Limited engages in the building products, textiles, and power generation businesses in India. The company operates through three segments: Building Products, Textile and Wind Power Generation segments. It offers G.I. channels and ceiling sections, connecting clips, soffit cleat, rawl plug, fibre tape mesh, self-drilling, tapping screws, and jointing compounds; pre-coated wall angle, frame, and level clips; and metal framing and…
- Headquarters
- Chennai
- Employees
- 1,775
- Sector
- Industrials
- ISIN
- INE614A01028
- Website
- ramcoindltd.com
Price range
- Avg volume (3M)
- 5.2 L
- 1-year return
- minus 10.1%
- From 52-week high
- minus 20.5%
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| RAMCOINDRamco Industries | 314.50 | minus 0.21% | 2,731 | 8.3 | 11.1 | – | 14.6% | 0.00 | 7.1% | minus 10.1% |
| Median of 7 peers | – | −1.95% | 32,381 | 46.0 | 31.1 | 20.7% | 15.5% | 0.08 | 6.8% | −5.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 532 | 365 | 389 | 502 | 614 | |
| 463 | 313 | 338 | 437 | 509 | |
| 68.6 | 52.4 | 50.3 | 64.8 | 105 | |
| 12.9% | 14.3% | 13.0% | 12.9% | 17.1% | |
| 2.5 | 3.5 | 0 | 5 | 4.1 | |
| 4.6 | 4 | 4.6 | 4.5 | 2.7 | |
| 9.2 | 9.3 | 9.4 | 9.4 | 9.6 | |
| – | 0.2 | – | 7.9 | 8.8 | |
| 57.3 | 42.9 | 36.4 | 63.8 | 106 | |
| 20.1% | 52.5% | 40.4% | 25.2% | 25.1% | |
| 65.6 | 40.9 | 112 | 87.6 | 86.6 | |
| 7.58 | 4.73 | 12.94 | 10.12 | 10.00 |
Profit & loss
- Sales CAGR 3Y
- +7.1%
- Profit CAGR 3Y
- +35.2%
- EPS CAGR 3Y
- +33.6%
- ROE
- 7.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,453 | 1,495 | 1,667 | 1,787 | |
| – | +2.9% | +11.5% | +7.2% | |
| 1,287 | 1,338 | 1,488 | 1,553 | |
| 166 | 157 | 180 | 234 | |
| 11.4% | 10.5% | 10.8% | 13.1% | |
| 3.9 | 10.8 | 12.2 | 10.6 | |
| 16.7 | 21.8 | 13.9 | 13.5 | |
| 33.9 | 37 | 36 | 37.2 | |
| 2.2 | −0.7 | −0.4 | 6.6 | |
| 122 | 109 | 142 | 200 | |
| 11.6% | 32.8% | 33.9% | 32.3% | |
| 124 | 106 | 181 | 306 | |
| – | minus 14.7% | +71.1% | +69.3% | |
| 14.83 | 12.66 | 20.89 | 35.35 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.7 | 8.7 | 8.7 | 8.7 | |
| 3,875 | 4,052 | 4,224 | 4,513 | |
| 310 | 244 | 258 | 171 | |
| 271 | 252 | 292 | 284 | |
| 4,465 | 4,556 | 4,783 | 4,977 | |
| 574 | 570 | 564 | 583 | |
| 14.2 | 7.8 | 7 | 27.4 | |
| 2.1 | 81.3 | 78 | 65.6 | |
| 60.1 | 79.4 | 87.8 | 137 | |
| 3,814 | 3,817 | 4,046 | 4,164 | |
| 4,465 | 4,556 | 4,783 | 4,977 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −43.3 | 135 | 133 | 201 | |
| −27.3 | −21.4 | −108 | −37.5 | |
| 53.8 | −99.7 | −10.7 | −114 | |
| −16.8 | 13.6 | 14.4 | 49.8 | |
| −77.8 | −41 | −30.1 | −39.3 | |
| −121 | 93.7 | 103 | 162 | |
| −8.7 | −8.7 | −6.5 | −8.7 |
Shareholding pattern
- Promoters54.83%
- Public45.17%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.83% | 45.17% | 0.00 | |
| 30 Jun 2026 | 54.83% | 45.17% | plus 0.04 | |
| 31 Mar 2026 | 54.79% | 45.21% | 0.00 | |
| 31 Dec 2025 | 54.79% | 45.21% | 0.00 | |
| 30 Sep 2025 | 54.79% | 45.21% | – |
Major shareholders
Filings & events
News
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