Ramco Industries
- Market cap
- ₹ 2,441 Cr.
- P/E
- 8x
- P/B
- 0.55x
- 52-week range
- 230.65 – 395.5
- ROE
- 7%
- ROCE
- 5%
- Dividend yield
- 0.4%
- Debt / equity
- 0.04
- Sector
- Other Construction Materials
- Industry
- Other Construction Materials
- Listed on
- NSE, BSE
About
Ramco Industries Limited is an India-based company, which is engaged in the manufacture of fiber cement (FC) sheets and calcium silicate boards (CSBs). The Company’s segments include building products, Textiles, and Windmills. It caters mainly to the domestic markets. The Company is also engaged in the sale of surplus electricity generated from its windmills. The Company’s products include Ramco Hilux, Ramco Hicem, Ramco Greencor, Ramco Poweroof, Ramco Hiden, Ramco Hilux Lite, and Accessories. It manufactures fiber cement boards, insulation boards of vegetable fiber, straw, or wood waste, agglomerated with cement and other mineral binders. It also offers electric power generation using other non-conventional sources. Its plants are located in Karnataka, Madhya Pradesh, the Union Territory of Dadra & Nagar Haveli, West Bengal, Andhra Pradesh, Gujarat, and others. Its subsidiaries include Sudharsanam Investments Limited, Sri Ramco Lanka (Private) Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Construction Materials: 28 companies →Ramco Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8 against a typical 33.8: cheaper than most peers (1st = cheapest).4th of 28
- Sales growth+15.4% against a typical +11.6% from a year earlier.10th of 21
- Profit growth+31.8% against a typical +27.1% from a year earlier.8th of 18
- Share price, 3 months−13% against a typical −2.8%.18th of 23
- Size₹ 2,441 Cr. market value against a typical ₹ 67.4 Cr. (1st = largest).1st of 25
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA- | Stable | 4 Dec 2025 |
| CRISIL | — | — | 1 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Dec 2025 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 660 Cr. | |
| 1 Dec 2025 | Reaffirmed | — | — | CRISIL | ₹ 100 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Ramco IndustriesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the Unaudited financial results for the period ended September 30, 2026 |
| 10 Aug 2026 | Financial Results | To consider and approve the Unaudited financial results (Standalone and Consolidated) for the Quarter ended Jun 30, 2026 |
| 27 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 11 Feb 2026 | Financial Results | To consider and approve the Unaudited financial results for the period ended December 31, 2025 |
| 5 Nov 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated financial results for the Quarter and six months ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 23 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend, if any |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 316 | 334 | 365 | 543 | 353 | 344 | 423 | 532 | 365 | 392 | 502 | 614 |
| Expenses | 287 | 300 | 325 | 486 | 312 | 307 | 379 | 464 | 313 | 345 | 437 | 509 |
| Operating Profit | 29 | 34 | 40 | 57 | 41 | 37 | 44 | 68 | 52 | 47 | 65 | 105 |
| OPM % | 9% | 10% | 11% | 10% | 12% | 11% | 10% | 13% | 14% | 12% | 13% | 17% |
| Other Income | 3 | 3 | 4 | 3 | 3 | 4 | 6 | 3 | 4 | 3 | 13 | 13 |
| Interest | 6 | 7 | 6 | 4 | 3 | 4 | 5 | 5 | 4 | 5 | 4 | 3 |
| Depreciation | 9 | 9 | 10 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 |
| Profit before tax | 18 | 20 | 28 | 47 | 33 | 27 | 35 | 57 | 43 | 36 | 64 | 106 |
| Tax % | 56% | 36% | 30% | 23% | 60% | 43% | 19% | 20% | 53% | 40% | 25% | 25% |
| Net Profit | −4 | 26 | 44 | 39 | 17 | 89 | 36 | 66 | 41 | 112 | 88 | 87 |
| EPS in Rs | −0.48 | 3.04 | 5.05 | 4.54 | 1.94 | 10.24 | 4.11 | 7.56 | 4.71 | 12.91 | 10.09 | 9.97 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 8%
- 3 Years
- 7%
- TTM
- 13%
- 10 Years
- 5%
- 5 Years
- 1%
- 3 Years
- 34%
- TTM
- 52%
- 10 Years
- 10%
- 5 Years
- 4%
- 3 Years
- 26%
- TTM
- —
- 10 Years
- 6%
- 5 Years
- 5%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Ramco Industries | ₹ 290.00 | ₹ 2,441 Cr. | 8x | 0.6x | 7% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- P.R.Venketrama Raja
- Chairman of the Board
- Prem G. Shanker
- Chief Executive Officer
- K. Sankaranarayanan
- Chief Financial Officer
- S. Balamurugasundaram
- Compliance Officer, General Manager - Legal , Company Secretary
- P. V. Abinav Ramasubram Raja
- Managing Director, Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.