Ramco Industries Ltd

Ramco Industries Ltd

₹ 287 2.75%
22 Nov - close price
About

Part of the Chennai-based Ramco Group; Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.

Key Points

Business Segments

  • Market Cap 2,495 Cr.
  • Current Price 287
  • High / Low 310 / 192
  • Stock P/E 31.5
  • Book Value 142
  • Dividend Yield 0.26 %
  • ROCE 7.37 %
  • ROE 5.24 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 7.66% over past five years.
  • Company has a low return on equity of 8.32% over last 3 years.
  • Earnings include an other income of Rs.51.1 Cr.
  • Dividend payout has been low at 9.32% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
238 268 305 449 265 284 310 453 264 270 311 493 281
202 236 276 383 247 268 290 407 247 251 289 447 258
Operating Profit 36 32 30 66 17 16 20 46 17 19 22 46 23
OPM % 15% 12% 10% 15% 7% 6% 7% 10% 6% 7% 7% 9% 8%
3 3 1 3 20 3 8 1 19 13 2 1 36
Interest 2 2 2 3 4 5 7 6 5 7 6 4 3
Depreciation 7 8 7 8 8 8 8 8 9 9 9 8 8
Profit before tax 30 26 22 59 26 6 13 33 22 16 8 35 47
Tax % 37% 39% 29% 32% 34% 10% -151% 20% 28% 23% 44% 21% 26%
19 16 15 40 17 6 33 26 16 12 5 28 34
EPS in Rs 2.14 1.84 1.77 4.62 1.94 0.66 3.83 3.04 1.84 1.44 0.55 3.18 3.97
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
761 656 720 707 712 799 898 826 1,003 1,187 1,310 1,299 1,355
663 617 680 667 639 709 794 753 850 1,016 1,187 1,195 1,246
Operating Profit 98 39 40 40 73 90 104 73 153 171 123 104 109
OPM % 13% 6% 6% 6% 10% 11% 12% 9% 15% 14% 9% 8% 8%
29 23 36 46 55 54 34 58 44 27 32 35 51
Interest 29 34 37 40 34 22 15 15 9 9 19 24 20
Depreciation 33 43 19 20 21 23 25 26 28 29 31 35 34
Profit before tax 65 -15 20 27 73 99 98 91 160 160 104 80 106
Tax % 16% -59% -6% -23% 18% 27% 25% 28% 31% 33% 6% 25%
54 -6 21 33 60 72 73 66 111 107 97 60 79
EPS in Rs 6.29 -0.69 2.42 3.85 6.91 8.31 8.45 7.56 12.78 12.34 11.21 6.87 9.14
Dividend Payout % 18% -36% 12% 13% 7% 6% 6% 7% 8% 8% 9% 11%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 9%
TTM: 3%
Compounded Profit Growth
10 Years: 29%
5 Years: -4%
3 Years: -19%
TTM: 1%
Stock Price CAGR
10 Years: 14%
5 Years: 9%
3 Years: 3%
1 Year: 34%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 459 451 468 515 581 656 727 776 892 998 1,096 1,168 1,223
432 394 404 359 336 213 187 238 152 224 308 242 130
125 102 126 127 186 197 203 239 283 276 243 242 299
Total Liabilities 1,025 956 1,006 1,010 1,112 1,073 1,126 1,262 1,336 1,507 1,656 1,660 1,661
248 370 370 376 396 395 415 439 447 498 537 538 527
CWIP 104 6 3 14 2 5 1 19 34 17 11 5 17
Investments 203 203 213 236 241 247 260 281 337 397 400 441 441
470 377 419 385 472 427 451 524 517 594 708 676 676
Total Assets 1,025 956 1,006 1,010 1,112 1,073 1,126 1,262 1,336 1,507 1,656 1,660 1,661

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 80 62 23 -1 109 52 10 119 21 -37 87
-95 -34 1 29 43 42 -4 -30 -25 -85 -16 16
92 -46 -68 -49 -46 -150 -44 27 -103 63 56 -99
Net Cash Flow -2 0 -5 2 -4 1 4 7 -9 -1 2 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 33 36 35 36 38 40 38 35 32 34 17 19
Inventory Days 222 185 206 204 285 201 201 286 244 230 280 269
Days Payable 17 16 29 32 48 30 31 55 49 19 11 13
Cash Conversion Cycle 237 205 211 207 274 211 208 266 228 245 285 275
Working Capital Days 125 125 108 97 124 99 83 107 94 109 137 131
ROCE % 12% 2% 5% 6% 10% 12% 13% 10% 16% 15% 9% 7%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.03% 53.97% 53.97% 53.97% 53.97% 53.88% 53.88% 53.88% 53.88% 54.81% 54.81% 54.81%
2.99% 3.03% 3.02% 2.94% 1.98% 1.16% 0.73% 0.71% 0.90% 0.85% 0.98% 0.96%
3.51% 3.51% 3.51% 3.51% 3.51% 3.50% 3.50% 4.24% 4.18% 4.18% 4.18% 4.18%
0.20% 0.20% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.27% 39.29% 39.31% 39.58% 40.54% 41.45% 41.89% 41.16% 41.04% 40.16% 40.03% 40.04%
No. of Shareholders 28,62528,99229,63429,58330,58330,35531,22232,80934,25734,27131,88732,925

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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