Ramco Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 25, 2025, 9:37 pm

Market Cap	2,031 Cr.
Current Price	235
High / Low	324/207
Stock P/E	10.8
Book Value	474
Dividend Yield	0.32 %
ROCE	3.15 %
ROE	2.67 %
Face Value	1.00
PEG Ratio	-1.44

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ramco Industries Ltd

Competitors of Ramco Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Visaka Industries Ltd	547 Cr.	63.3	124/55.0		86.4	0.79 %	3.33 %	0.33 %	2.00
Sanghi Industries Ltd	1,574 Cr.	61.0	113/50.1		31.9	0.00 %	5.45 %	34.1 %	10.0
Ramco Industries Ltd	2,031 Cr.	235	324/207	10.8	474	0.32 %	3.15 %	2.67 %	1.00
Indian Hume Pipe Company Ltd	2,104 Cr.	399	614/250	20.5	164	0.38 %	13.2 %	10.1 %	2.00
GPT Infraprojects Ltd	1,607 Cr.	127	207/84.5	24.1	39.8	1.57 %	21.6 %	19.1 %	10.0
Industry Average	1,378.86 Cr	209.99		33.83	169.49	0.59%	10.66%	14.68%	5.29

All Competitor Stocks of Ramco Industries Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	337	391	497	304	304	350	487	316	334	365	543	353	344
Expenses	286	355	422	273	294	316	433	287	300	325	486	312	307
Operating Profit	51	35	74	30	11	34	54	29	34	40	57	41	37
OPM %	15%	9%	15%	10%	3%	10%	11%	9%	10%	11%	10%	12%	11%
Other Income	4	2	5	9	7	7	4	3	3	4	3	3	4
Interest	2	3	3	4	7	7	6	6	7	6	4	3	4
Depreciation	9	7	8	8	8	9	9	9	9	10	9	9	9
Profit before tax	44	28	68	26	2	25	43	18	20	28	47	33	27
Tax %	31%	29%	29%	43%	98%	-73%	23%	56%	36%	30%	23%	60%	43%
Net Profit	37	46	61	3	1	58	40	-4	26	44	39	17	89
EPS in Rs	4.31	5.34	7.00	0.30	0.10	6.73	4.56	-0.48	3.04	5.05	4.54	1.94	10.24

Last Updated: February 28, 2025, 5:33 pm

Below is a detailed analysis of the quarterly data for Ramco Industries Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 344.00 Cr.. The value appears to be declining and may need further review. It has decreased from 353.00 Cr. (Sep 2024) to 344.00 Cr., marking a decrease of 9.00 Cr..
For Expenses, as of Dec 2024, the value is 307.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 312.00 Cr. (Sep 2024) to 307.00 Cr., marking a decrease of 5.00 Cr..
For Operating Profit, as of Dec 2024, the value is 37.00 Cr.. The value appears to be declining and may need further review. It has decreased from 41.00 Cr. (Sep 2024) to 37.00 Cr., marking a decrease of 4.00 Cr..
For OPM %, as of Dec 2024, the value is 11.00%. The value appears to be declining and may need further review. It has decreased from 12.00% (Sep 2024) to 11.00%, marking a decrease of 1.00%.
For Other Income, as of Dec 2024, the value is 4.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Sep 2024) to 4.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2024, the value is 4.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.00 Cr. (Sep 2024) to 4.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 9.00 Cr..
For Profit before tax, as of Dec 2024, the value is 27.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33.00 Cr. (Sep 2024) to 27.00 Cr., marking a decrease of 6.00 Cr..
For Tax %, as of Dec 2024, the value is 43.00%. The value appears to be improving (decreasing) as expected. It has decreased from 60.00% (Sep 2024) to 43.00%, marking a decrease of 17.00%.
For Net Profit, as of Dec 2024, the value is 89.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Sep 2024) to 89.00 Cr., marking an increase of 72.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 10.24. The value appears strong and on an upward trend. It has increased from 1.94 (Sep 2024) to 10.24, marking an increase of 8.30.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:04 pm

Metric	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
Sales	880	785	863	865	881	932	1,036	974	1,209	1,460	1,458	1,501	1,605
Expenses	749	722	783	785	764	814	909	871	1,014	1,234	1,305	1,345	1,430
Operating Profit	131	63	80	80	117	118	128	103	195	226	152	157	175
OPM %	15%	8%	9%	9%	13%	13%	12%	11%	16%	15%	10%	10%	11%
Other Income	18	11	21	43	22	44	24	46	22	8	24	14	14
Interest	31	36	38	40	34	22	15	15	10	9	21	25	18
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	135
Tax %	16%	-71%	7%	-0%	30%	30%	30%	33%	34%	34%	12%	33%
Net Profit	67	-3	90	192	205	176	172	170	279	303	124	106	189
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	21.77
Dividend Payout %	14%	-70%	3%	2%	2%	2%	3%	3%	3%	3%	7%	6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-104.48%	3100.00%	113.33%	6.77%	-14.15%	-2.27%	-1.16%	64.12%	8.60%	-59.08%	-14.52%
Change in YoY Net Profit Growth (%)	0.00%	3204.48%	-2986.67%	-106.56%	-20.92%	11.87%	1.11%	65.28%	-55.52%	-67.68%	44.56%

Ramco Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

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

Compounded Profit Growth
10 Years:	44%
5 Years:	-9%
3 Years:	-28%
TTM:	60%

Stock Price CAGR
10 Years:	11%
5 Years:	12%
3 Years:	1%
1 Year:	3%

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

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:47 pm

Month	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
Borrowings	451	408	413	363	336	213	187	238	152	224	308	242	130
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Below is a detailed analysis of the balance sheet data for Ramco Industries Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 9.00 Cr..
For Reserves, as of Sep 2024, the value is ₹4,102.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,052.00 Cr. (Mar 2024) to ₹4,102.00 Cr., marking an increase of 50.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹130.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 242.00 Cr. (Mar 2024) to ₹130.00 Cr., marking a decrease of 112.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹332.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 273.00 Cr. (Mar 2024) to ₹332.00 Cr., marking an increase of 59.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹4,572.00 Cr.. The value appears to be improving (decreasing). It has decreased from 4,575.00 Cr. (Mar 2024) to ₹4,572.00 Cr., marking a decrease of 3.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹554.00 Cr.. The value appears to be declining and may need further review. It has decreased from 565.00 Cr. (Mar 2024) to ₹554.00 Cr., marking a decrease of 11.00 Cr..
For CWIP, as of Sep 2024, the value is ₹17.00 Cr.. The value appears strong and on an upward trend. It has increased from 6.00 Cr. (Mar 2024) to ₹17.00 Cr., marking an increase of 11.00 Cr..
For Investments, as of Sep 2024, the value is ₹3,163.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,172.00 Cr. (Mar 2024) to ₹3,163.00 Cr., marking a decrease of 9.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹838.00 Cr.. The value appears strong and on an upward trend. It has increased from 832.00 Cr. (Mar 2024) to ₹838.00 Cr., marking an increase of 6.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹4,572.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,575.00 Cr. (Mar 2024) to ₹4,572.00 Cr., marking a decrease of 3.00 Cr..

Notably, the Reserves (4,102.00 Cr.) exceed the Borrowings (130.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	9	123	89	79	47	126	88	36	190	88	-43	135
Cash from Investing Activity +	-117	-50	-15	6	-9	13	-33	-63	-73	-138	-27	-21
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-320.00	-345.00	-333.00	-283.00	-219.00	-95.00	-59.00	-135.00	43.00	2.00	-156.00	-85.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	53.97%	53.97%	53.97%	53.97%	53.88%	53.88%	53.88%	53.88%	54.81%	54.81%	54.81%	54.81%
FIIs	3.03%	3.02%	2.94%	1.98%	1.16%	0.73%	0.71%	0.90%	0.85%	0.98%	0.96%	1.42%
DIIs	3.51%	3.51%	3.51%	3.51%	3.50%	3.50%	4.24%	4.18%	4.18%	4.18%	4.18%	4.18%
Government	0.20%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	39.29%	39.31%	39.58%	40.54%	41.45%	41.89%	41.16%	41.04%	40.16%	40.03%	40.04%	39.59%
No. of Shareholders	28,992	29,634	29,583	30,583	30,355	31,222	32,809	34,257	34,271	31,887	32,925	32,188

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Tata Small Cap Fund	2,281,581	0.77	48.63	2,281,581	2025-04-22 17:25:22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	12.66	14.65	36.27	33.38	20.29
Diluted EPS (Rs.)	12.66	14.65	36.27	33.38	20.29
Cash EPS (Rs.)	12.67	16.13	18.37	17.14	11.52
Book Value[Excl.RevalReserv]/Share (Rs.)	467.80	447.42	433.73	402.01	370.33
Book Value[Incl.RevalReserv]/Share (Rs.)	467.80	447.42	433.73	402.01	370.33
Revenue From Operations / Share (Rs.)	172.95	167.90	168.14	139.55	112.40
PBDIT / Share (Rs.)	19.64	19.98	26.99	25.07	16.61
PBIT / Share (Rs.)	15.38	16.08	23.22	21.31	13.04
PBT / Share (Rs.)	12.50	14.02	22.22	20.20	11.93
Net Profit / Share (Rs.)	8.41	12.23	14.60	13.38	7.95
NP After MI And SOA / Share (Rs.)	12.18	14.11	34.95	32.16	19.56
PBDIT Margin (%)	11.35	11.90	16.05	17.96	14.77
PBIT Margin (%)	8.89	9.57	13.80	15.26	11.59
PBT Margin (%)	7.22	8.34	13.21	14.47	10.61
Net Profit Margin (%)	4.86	7.28	8.68	9.58	7.07
NP After MI And SOA Margin (%)	7.04	8.40	20.78	23.04	17.40
Return on Networth / Equity (%)	2.60	3.15	8.05	8.00	5.28
Return on Capital Employeed (%)	3.23	3.51	5.23	5.19	3.46
Return On Assets (%)	2.31	2.74	7.00	6.96	4.56
Long Term Debt / Equity (X)	0.00	0.01	0.00	0.01	0.01
Total Debt / Equity (X)	0.05	0.07	0.05	0.04	0.06
Asset Turnover Ratio (%)	0.33	0.43	0.42	0.39	0.34
Current Ratio (X)	1.85	1.65	1.46	1.49	1.35
Quick Ratio (X)	0.47	0.42	0.59	0.65	0.56
Inventory Turnover Ratio (X)	1.40	1.48	1.64	1.39	1.41
Dividend Payout Ratio (NP) (%)	8.21	7.07	0.00	3.10	5.11
Dividend Payout Ratio (CP) (%)	6.08	5.54	0.00	2.78	4.32
Earning Retention Ratio (%)	91.79	92.93	0.00	96.90	94.89
Cash Earning Retention Ratio (%)	93.92	94.46	0.00	97.22	95.68
Interest Coverage Ratio (X)	6.82	8.27	27.06	22.71	9.80
Interest Coverage Ratio (Post Tax) (X)	3.92	5.92	15.64	13.12	5.35
Enterprise Value (Cr.)	1898.55	1311.37	1963.19	2289.22	1114.43
EV / Net Operating Revenue (X)	1.26	0.89	1.35	1.89	1.14
EV / EBITDA (X)	11.13	7.56	8.39	10.54	7.74
MarketCap / Net Operating Revenue (X)	1.16	0.73	1.26	1.84	0.99
Retention Ratios (%)	91.78	92.92	0.00	96.89	94.88
Price / BV (X)	0.42	0.27	0.48	0.63	0.30
Price / Net Operating Revenue (X)	1.16	0.73	1.26	1.84	0.99
EarningsYield	0.06	0.11	0.16	0.12	0.17

After reviewing the key financial ratios for Ramco Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 12.66. This value is within the healthy range. It has decreased from 14.65 (Mar 23) to 12.66, marking a decrease of 1.99.
For Diluted EPS (Rs.), as of Mar 24, the value is 12.66. This value is within the healthy range. It has decreased from 14.65 (Mar 23) to 12.66, marking a decrease of 1.99.
For Cash EPS (Rs.), as of Mar 24, the value is 12.67. This value is within the healthy range. It has decreased from 16.13 (Mar 23) to 12.67, marking a decrease of 3.46.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 467.80. It has increased from 447.42 (Mar 23) to 467.80, marking an increase of 20.38.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 467.80. It has increased from 447.42 (Mar 23) to 467.80, marking an increase of 20.38.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 172.95. It has increased from 167.90 (Mar 23) to 172.95, marking an increase of 5.05.
For PBDIT / Share (Rs.), as of Mar 24, the value is 19.64. This value is within the healthy range. It has decreased from 19.98 (Mar 23) to 19.64, marking a decrease of 0.34.
For PBIT / Share (Rs.), as of Mar 24, the value is 15.38. This value is within the healthy range. It has decreased from 16.08 (Mar 23) to 15.38, marking a decrease of 0.70.
For PBT / Share (Rs.), as of Mar 24, the value is 12.50. This value is within the healthy range. It has decreased from 14.02 (Mar 23) to 12.50, marking a decrease of 1.52.
For Net Profit / Share (Rs.), as of Mar 24, the value is 8.41. This value is within the healthy range. It has decreased from 12.23 (Mar 23) to 8.41, marking a decrease of 3.82.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 12.18. This value is within the healthy range. It has decreased from 14.11 (Mar 23) to 12.18, marking a decrease of 1.93.
For PBDIT Margin (%), as of Mar 24, the value is 11.35. This value is within the healthy range. It has decreased from 11.90 (Mar 23) to 11.35, marking a decrease of 0.55.
For PBIT Margin (%), as of Mar 24, the value is 8.89. This value is below the healthy minimum of 10. It has decreased from 9.57 (Mar 23) to 8.89, marking a decrease of 0.68.
For PBT Margin (%), as of Mar 24, the value is 7.22. This value is below the healthy minimum of 10. It has decreased from 8.34 (Mar 23) to 7.22, marking a decrease of 1.12.
For Net Profit Margin (%), as of Mar 24, the value is 4.86. This value is below the healthy minimum of 5. It has decreased from 7.28 (Mar 23) to 4.86, marking a decrease of 2.42.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.04. This value is below the healthy minimum of 8. It has decreased from 8.40 (Mar 23) to 7.04, marking a decrease of 1.36.
For Return on Networth / Equity (%), as of Mar 24, the value is 2.60. This value is below the healthy minimum of 15. It has decreased from 3.15 (Mar 23) to 2.60, marking a decrease of 0.55.
For Return on Capital Employeed (%), as of Mar 24, the value is 3.23. This value is below the healthy minimum of 10. It has decreased from 3.51 (Mar 23) to 3.23, marking a decrease of 0.28.
For Return On Assets (%), as of Mar 24, the value is 2.31. This value is below the healthy minimum of 5. It has decreased from 2.74 (Mar 23) to 2.31, marking a decrease of 0.43.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.01 (Mar 23) to 0.00, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.05. This value is within the healthy range. It has decreased from 0.07 (Mar 23) to 0.05, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.33. It has decreased from 0.43 (Mar 23) to 0.33, marking a decrease of 0.10.
For Current Ratio (X), as of Mar 24, the value is 1.85. This value is within the healthy range. It has increased from 1.65 (Mar 23) to 1.85, marking an increase of 0.20.
For Quick Ratio (X), as of Mar 24, the value is 0.47. This value is below the healthy minimum of 1. It has increased from 0.42 (Mar 23) to 0.47, marking an increase of 0.05.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.40. This value is below the healthy minimum of 4. It has decreased from 1.48 (Mar 23) to 1.40, marking a decrease of 0.08.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 8.21. This value is below the healthy minimum of 20. It has increased from 7.07 (Mar 23) to 8.21, marking an increase of 1.14.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 6.08. This value is below the healthy minimum of 20. It has increased from 5.54 (Mar 23) to 6.08, marking an increase of 0.54.
For Earning Retention Ratio (%), as of Mar 24, the value is 91.79. This value exceeds the healthy maximum of 70. It has decreased from 92.93 (Mar 23) to 91.79, marking a decrease of 1.14.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 93.92. This value exceeds the healthy maximum of 70. It has decreased from 94.46 (Mar 23) to 93.92, marking a decrease of 0.54.
For Interest Coverage Ratio (X), as of Mar 24, the value is 6.82. This value is within the healthy range. It has decreased from 8.27 (Mar 23) to 6.82, marking a decrease of 1.45.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.92. This value is within the healthy range. It has decreased from 5.92 (Mar 23) to 3.92, marking a decrease of 2.00.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,898.55. It has increased from 1,311.37 (Mar 23) to 1,898.55, marking an increase of 587.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.26. This value is within the healthy range. It has increased from 0.89 (Mar 23) to 1.26, marking an increase of 0.37.
For EV / EBITDA (X), as of Mar 24, the value is 11.13. This value is within the healthy range. It has increased from 7.56 (Mar 23) to 11.13, marking an increase of 3.57.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.16. This value is within the healthy range. It has increased from 0.73 (Mar 23) to 1.16, marking an increase of 0.43.
For Retention Ratios (%), as of Mar 24, the value is 91.78. This value exceeds the healthy maximum of 70. It has decreased from 92.92 (Mar 23) to 91.78, marking a decrease of 1.14.
For Price / BV (X), as of Mar 24, the value is 0.42. This value is below the healthy minimum of 1. It has increased from 0.27 (Mar 23) to 0.42, marking an increase of 0.15.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.16. This value is within the healthy range. It has increased from 0.73 (Mar 23) to 1.16, marking an increase of 0.43.
For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 23) to 0.06, marking a decrease of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ramco Industries Ltd as of April 25, 2025 is: 109.70

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Ramco Industries Ltd is Overvalued by 53.32% compared to the current share price 235.00

Intrinsic Value of Ramco Industries Ltd as of April 25, 2025 is: 101.46

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Ramco Industries Ltd is Overvalued by 56.83% compared to the current share price 235.00

Last 5 Year EPS CAGR: -7.51%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (2,710.00 cr) compared to borrowings (281.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (475.85 cr) and profit (100.00 cr) over the years.	The stock has a low average ROCE of 4.75%, which may not be favorable. The stock has a high average Working Capital Days of 102.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 217.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ramco Industries Ltd:
1. Net Profit Margin: 4.86%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 3.23% (Industry Average ROCE: 10.66%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.6% (Industry Average ROE: 14.68%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.92
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.47
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.8 (Industry average Stock P/E: 19.33)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.05
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ramco Industries Ltd. is a Public Limited Listed company incorporated on 27/01/1965 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L26943TN1965PLC005297 and registration number is 005297. Currently Company is involved in the business activities of Manufacture of insulation boards of vegetable fibre, straw or wood waste, agglomerated with cement & other mineral binders.. Company's Total Operating Revenue is Rs. 1298.52 Cr. and Equity Capital is Rs. 8.68 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Cement Products	47, P.S.K. Nagar, Rajapalayam Tamil Nadu 626108	bms@ril.co.in http://www.ramcoindltd.com

Management
Name	Position Held
Mr. P R Venketrama Raja	Chairman
Mr. P V Abinav Ramasubramaniam Raja	Managing Director
Mr. S S Ramachandra Raja	Director
Mr. N K Shrikantan Raja	Director
Mr. R S Agarwal	Director
Mr. V Santhanaraman	Director
Justice(Retd) Chitra Venkataraman	Director
Mr. Ajay Bhaskar Baliga	Director

FAQ

What is the intrinsic value of Ramco Industries Ltd?

Ramco Industries Ltd's intrinsic value (as of 25 April 2025) is ₹109.70 — 53.32% lower the current market price of 235.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,031 Cr. market cap, FY2025-2026 high/low of ₹324/207, reserves of 4,102 Cr, and liabilities of 4,572 Cr.

What is the Market Cap of Ramco Industries Ltd?

The Market Cap of Ramco Industries Ltd is 2,031 Cr..

What is the current Stock Price of Ramco Industries Ltd as on 25 April 2025?

The current stock price of Ramco Industries Ltd as on 25 April 2025 is 235.

What is the High / Low of Ramco Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ramco Industries Ltd stocks is ₹324/207.

What is the Stock P/E of Ramco Industries Ltd?

The Stock P/E of Ramco Industries Ltd is 10.8.

What is the Book Value of Ramco Industries Ltd?

The Book Value of Ramco Industries Ltd is 474.

What is the Dividend Yield of Ramco Industries Ltd?

The Dividend Yield of Ramco Industries Ltd is 0.32 %.

What is the ROCE of Ramco Industries Ltd?

The ROCE of Ramco Industries Ltd is 3.15 %.

What is the ROE of Ramco Industries Ltd?

The ROE of Ramco Industries Ltd is 2.67 %.

What is the Face Value of Ramco Industries Ltd?

The Face Value of Ramco Industries Ltd is 1.00.