Ramky Infrastructure (RAMKY) had a P/E of 11.5× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 40% below their 52-week high. It earns ROCE of 15% and ROE of 13%, and sales grew 2.7% a year over 3 years while net profit fell 38%. Its dividend yield is 0.3%, and debt is 0.27× equity. It is a small-cap company with a market cap of ₹2,713 Cr, ranked 37th of 156 Engineering & Construction companies by market cap; the shares fell 44% over the past year.
- ₹342.00
- ₹409.85
- ₹342.00
- ₹347.00
- 41.3 L
Health check
- ReturnsBehind
−44.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 11.5 vs industry 16.4.
- GrowthSlow
Sales +2.7%, profit −38.1% a year over 3 years.
- ProfitabilityAverage
ROCE 15.4% vs peer median 19.9%.
- Balance sheetFair
Debt 0.27× equity, interest covered 4.6×.
- Red flags2 to check
Quarterly profit down 47.2% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,713 Cr
- Small cap
- P/E
- 11.5
- Industry 16.4
- Price to book
- 1.25
- Peers 4.92
- Dividend yield
- 0.26%
- ROE
- 13.4%
- Peers 17.9%
- ROCE
- 15.4%
- Peers 19.9%
- Debt to equity
- 0.27
- Debt ₹591 Cr
- EPS (TTM)
- ₹34.11
- Face value ₹10
- OPM (TTM)
- 9.4%
- Net margin 12.2%
- Sales growth
- +24.3%
- Latest quarter vs a year ago
- Profit growth
- −47.2%
- Latest quarter vs a year ago
- Price to sales
- 1.40
- EV/EBITDA 16.0
Strengths and risks
Strengths
- Quarterly sales up 24.3% on a year ago.
- P/E of 11.5 against an industry P/E of 16.4.
Risks to check
- Quarterly profit down 47.2% on a year ago.
- 40% below its 52-week high.
About Ramky Infrastructure
Ramky Infrastructure Limited, together with its subsidiaries, provides integrated construction, infrastructure development, and management services primarily in India. The company operates through Construction Business and Developer Business segments. It constructs water and waste water projects, such as water treatment plants, water transmission and distribution systems, elevated and ground level service reservoirs, sewage treatment plants, common…
- Headquarters
- Hyderabad
- Employees
- 1,041
- Sector
- Industrials
- ISIN
- INE874I01013
- Website
- ramkyinfrastructure.com
Price range
- Avg volume (3M)
- 2.7 L
- 1-year return
- minus 44.4%
- From 52-week high
- minus 40.0%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| RAMKYRamky Infrastructure | 392.00 | plus 12.97% | 2,713 | 11.5 | – | – | 9.4% | 0.27 | – | minus 44.4% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 379 | 472 | 489 | 507 | 471 | |
| 303 | 389 | 413 | 511 | 443 | |
| 75.8 | 82.7 | 75.9 | −4.2 | 28.6 | |
| 20.0% | 17.5% | 15.5% | −0.8% | 6.1% | |
| 61.1 | 57.2 | 61.8 | 15 | 72.3 | |
| 22.2 | 17.6 | 17.6 | 16 | 36.8 | |
| 13.9 | 14.7 | 14.8 | 13.9 | 8.9 | |
| – | – | – | 59.5 | – | |
| 101 | 108 | 105 | 40.3 | 55.2 | |
| 23.6% | 29.7% | 26.0% | −29.2% | 29.7% | |
| 74.4 | 75.2 | 78.5 | 42.9 | 39.3 | |
| 10.75 | 10.87 | 11.35 | 6.21 | 5.68 |
Profit & loss
- Sales CAGR 3Y
- +2.7%
- Profit CAGR 3Y
- −38.1%
- EPS CAGR 3Y
- −38.1%
- ROE
- 13.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,705 | 2,161 | 2,045 | 1,846 | |
| – | +26.7% | minus 5.4% | minus 9.7% | |
| 1,354 | 1,609 | 1,675 | 1,533 | |
| 351 | 551 | 370 | 314 | |
| 20.6% | 25.5% | 18.1% | 17.0% | |
| 142 | 148 | 142 | 181 | |
| 349 | 148 | 98 | 68.3 | |
| 41.8 | 48.4 | 51 | 57.4 | |
| 1,287 | −40 | −32 | −14.7 | |
| 1,389 | 463 | 331 | 354 | |
| 17.0% | 30.7% | 39.1% | 20.1% | |
| 1,141 | 308 | 189 | 271 | |
| – | minus 73.0% | minus 38.7% | +43.6% | |
| 164.83 | 44.48 | 27.28 | 39.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 69.2 | 69.2 | 69.2 | 69.2 | |
| 1,342 | 1,643 | 1,826 | 2,093 | |
| 1,650 | 834 | 570 | 591 | |
| 1,589 | 1,716 | 1,716 | 1,370 | |
| 4,651 | 4,262 | 4,181 | 4,124 | |
| 383 | 214 | 203 | 187 | |
| 57.6 | – | 0.1 | 1.2 | |
| 15.2 | 13.1 | 9.1 | 14.2 | |
| 798 | 84.7 | 67 | 149 | |
| 3,398 | 3,951 | 3,902 | 3,773 | |
| 4,651 | 4,262 | 4,181 | 4,124 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,611 | 370 | 373 | −262 | |
| −215 | −71.9 | −11 | 413 | |
| −1,650 | −1,011 | −380 | −68.7 | |
| 745 | −712 | −17.6 | 81.9 | |
| −139 | −110 | −146 | −36.4 | |
| 2,472 | 260 | 227 | −299 | |
| −4.4 | −4.4 | −4.4 | – |
Shareholding pattern
- Promoters69.81%
- Public30.19%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.81% | 30.19% | 0.00 | |
| 30 Jun 2026 | 69.81% | 30.19% | 0.00 | |
| 31 Mar 2026 | 69.81% | 30.19% | 0.00 | |
| 31 Dec 2025 | 69.81% | 30.19% | 0.00 | |
| 30 Sep 2025 | 69.81% | 30.19% | – |
Major shareholders
Filings & events
News
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