Ramco Industries Ltd

₹ 287 2.75%

22 Nov - close price

ramcoindltd.com BSE: 532369 NSE: RAMCOIND

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

Website BSE NSE

Market Cap ₹ 2,495 Cr.
Current Price ₹ 287
High / Low ₹ 310 / 192
Stock P/E 19.7
Book Value ₹ 474
Dividend Yield 0.26 %
ROCE 3.15 %
ROE 2.67 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.61 times its book value
Market value of investments Rs.4,538 Cr. is more than the Market Cap Rs.2,495 Cr.

Cons

The company has delivered a poor sales growth of 7.69% over past five years.
Company has a low return on equity of 4.65% over last 3 years.
Dividend payout has been low at 5.34% 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.

Peer comparison

Sector: Cement - Products Industry: Cement Products

Part of BSE Allcap BSE Commodities BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	311	337	391	497	304	304	350	487	316	334	365	543	353
	256	286	355	422	273	294	316	433	287	300	325	486	312
Operating Profit	56	51	35	74	30	11	34	54	29	34	40	57	41
OPM %	18%	15%	9%	15%	10%	3%	10%	11%	9%	10%	11%	10%	12%
	3	4	2	5	9	7	7	4	3	3	4	3	3
Interest	2	2	3	3	4	7	7	6	6	7	6	4	3
Depreciation	9	9	7	8	8	8	9	9	9	9	10	9	9
Profit before tax	48	44	28	68	26	2	25	43	18	20	28	47	33
Tax %	30%	31%	29%	29%	43%	98%	-73%	23%	56%	36%	30%	23%	60%
	144	37	46	61	3	1	58	40	-4	26	44	39	17
EPS in Rs	16.56	4.31	5.34	7.00	0.30	0.10	6.73	4.56	-0.48	3.04	5.05	4.54	1.94
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	880	785	863	865	881	932	1,036	974	1,209	1,460	1,458	1,501	1,595
	749	722	783	785	764	814	909	871	1,014	1,234	1,305	1,345	1,423
Operating Profit	131	63	80	80	117	118	128	103	195	226	152	157	172
OPM %	15%	8%	9%	9%	13%	13%	12%	11%	16%	15%	10%	10%	11%
	18	11	21	43	22	44	24	46	22	8	24	14	13
Interest	31	36	38	40	34	22	15	15	10	9	21	25	20
Depreciation	37	49	25	25	26	28	29	31	33	33	34	37	37
Profit before tax	80	-11	39	57	79	112	107	103	175	193	122	109	128
Tax %	16%	-71%	7%	-0%	30%	30%	30%	33%	34%	34%	12%	33%
	67	-3	90	192	205	176	172	170	279	303	124	106	126
EPS in Rs	7.78	-0.36	10.39	22.21	23.63	20.31	19.89	19.56	32.16	34.95	14.28	12.18	14.57
Dividend Payout %	14%	-70%	3%	2%	2%	2%	3%	3%	3%	3%	7%	6%

Compounded Sales Growth
10 Years:	7%
5 Years:	8%
3 Years:	7%
TTM:	9%

Compounded Profit Growth
10 Years:	44%
5 Years:	-9%
3 Years:	-28%
TTM:	36%

Stock Price CAGR
10 Years:	14%
5 Years:	9%
3 Years:	3%
1 Year:	34%

Return on Equity
10 Years:	6%
5 Years:	5%
3 Years:	5%
Last Year:	3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	518	513	602	2,514	2,707	2,877	3,044	3,201	3,475	3,750	3,875	4,052	4,102
	451	408	413	363	336	213	187	238	152	224	308	242	130
	145	117	140	173	211	217	224	266	332	312	273	273	332
Total Liabilities	1,123	1,047	1,164	3,059	3,263	3,315	3,464	3,713	3,968	4,294	4,465	4,575	4,572
	291	411	407	407	424	424	443	467	472	523	563	565	554
CWIP	110	12	10	22	11	10	5	21	36	19	12	6	17
Investments	198	198	261	2,129	2,270	2,366	2,477	2,602	2,817	3,053	3,058	3,172	3,163
	524	427	487	501	558	515	539	624	643	699	832	832	838
Total Assets	1,123	1,047	1,164	3,059	3,263	3,315	3,464	3,713	3,968	4,294	4,465	4,575	4,572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	9	123	89	79	47	126	88	36	190	88	-43	135
	-117	-50	-15	6	-9	13	-33	-63	-73	-138	-27	-21
	98	-55	-77	-57	-48	-150	-36	27	-104	63	54	-100
Net Cash Flow	-10	18	-3	28	-9	-12	20	0	14	13	-17	14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	26	29	30	30	30	35	33	31	28	23	15	17
Inventory Days	227	171	195	202	256	207	194	264	217	203	273	262
Days Payable	22	22	28	50	46	36	33	50	48	26	11	13
Cash Conversion Cycle	230	178	198	183	239	206	194	246	197	200	277	267
Working Capital Days	120	110	101	87	108	100	80	104	82	85	131	126
ROCE %	13%	3%	7%	4%	3%	4%	4%	3%	5%	5%	3%	3%

Shareholding Pattern

Numbers in percentages

11 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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	28,625	28,992	29,634	29,583	30,583	30,355	31,222	32,809	34,257	34,271	31,887	32,925

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	53.92%	53.92%	53.92%	54.03%	54.03%	53.97%	53.88%	54.81%	54.81%
	0.23%	0.68%	0.73%	0.75%	2.34%	3.03%	1.16%	0.85%	0.96%
	4.17%	4.12%	4.73%	5.34%	4.81%	3.51%	3.50%	4.18%	4.18%
	0.00%	0.08%	0.08%	0.15%	0.16%	0.20%	0.00%	0.00%	0.00%
	41.68%	41.21%	40.54%	39.73%	38.66%	39.29%	41.45%	40.16%	40.04%
No. of Shareholders	13,971	16,104	16,012	14,661	22,009	28,992	30,355	34,271	32,925

* 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.

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Ramco Industries Ltd

Ramco Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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