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Last Updated: April 2, 2026, 3:34 am
Author: Getaka|Social: XLinkedIn

Ramky Infrastructure Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹372.47Overvalued by 18.32%vs CMP ₹456.00

P/E (14.1) × ROE (10.9%) × BV (₹297.00) × DY (2.00%)

₹468.95Fairly Valued by 2.84%vs CMP ₹456.00
MoS: +2.8% (Thin)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹583.9623%Under (+28.1%)
Graham NumberEarnings₹464.5917%Fair (+1.9%)
Earnings PowerEarnings₹442.3411%Fair (-3%)
DCFCash Flow₹715.6611%Under (+56.9%)
Net Asset ValueAssets₹296.737%Over (-34.9%)
EV/EBITDAEnterprise₹358.539%Over (-21.4%)
Earnings YieldEarnings₹323.007%Over (-29.2%)
ROCE CapitalReturns₹375.627%Over (-17.6%)
Revenue MultipleRevenue₹295.296%Over (-35.2%)
Consensus (9 models)₹468.95100%Fairly Valued
Key Drivers: EPS CAGR 56.8% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 56.8%

*Investments are subject to market risks

Investment Snapshot

57
Ramky Infrastructure Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health56/100 · Moderate
ROCE 16.8% GoodROE 10.9% AverageD/E 5.63 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.02% (6mo) Slight increasePromoter holding at 69.8% Stable
Earnings Quality75/100 · Strong
OPM expanding (17% → 20%) ImprovingWorking capital: -62 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -14% YoY DecliningProfit (4Q): -16% YoY DecliningOPM: 16.0% (down 4.0% YoY) Margin pressure
Industry Rank80/100 · Strong
P/E 14.1 vs industry 32.2 Cheaper than peersROCE 16.8% vs industry 6.5% Above peers3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Ramky Infrastructure Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 14.1 vs Ind 32.2 | ROCE 16.8% | ROE 10.9% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 5.63x | IntCov 0.0x | Current 0.89x | Borrow/Reserve 0.31x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹210 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.06 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-1
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +3.6% | Q NP +2.6% | Q OPM -2.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+2.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.31xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.06 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-884Latest shareholder count minus previous count
Quarterly Sales Change+3.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+2.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-2.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:34 am

Market Cap 3,158 Cr.
Current Price 456
Intrinsic Value₹468.95
High / Low 706/374
Stock P/E14.1
Book Value 297
Dividend Yield0.00 %
ROCE16.8 %
ROE10.9 %
Face Value 10.0
PEG Ratio0.25

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

View Share Price Target for Ramky Infrastructure Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ramky Infrastructure Ltd 3,158 Cr. 456 706/37414.1 2970.00 %16.8 %10.9 % 10.0
PSP Projects Ltd 2,465 Cr. 622 1,031/56968.3 3090.00 %8.70 %5.40 % 10.0
Puravankara Ltd 4,168 Cr. 176 339/160 68.30.00 %6.04 %10.0 % 5.00
PNC Infratech Ltd 4,422 Cr. 172 332/15810.8 2580.35 %13.9 %13.9 % 2.00
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,335 Cr. 169 323/15122.4 1050.00 %8.91 %7.78 % 2.00
Industry Average5,206.31 Cr157.2632.18102.960.06%6.53%9.16%7.10

All Competitor Stocks of Ramky Infrastructure Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 417576557582441581569527459489379472489
Expenses 328481400401364486453399369487303389413
Operating Profit 89961571817796116129902768376
OPM % 21%17%28%31%17%16%20%24%20%0%20%18%16%
Other Income 521,3193741404336364055615762
Interest 95894046452829302635221818
Depreciation 11111112121312131313141515
Profit before tax 341,3141431645997111122908101108105
Tax % 67%18%26%26%37%41%36%32%34%140%24%30%26%
Net Profit 111,0781051213858718360-3777678
EPS in Rs 0.98155.6514.6416.285.278.299.7711.308.15-0.6710.7510.8711.35

Last Updated: March 3, 2026, 3:10 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,4021,6442,0481,7191,5781,7491,3871,0561,4591,7052,1612,0451,829
Expenses 2,6201,8022,1181,6011,5671,5721,4329541,2531,3671,6491,7081,592
Operating Profit -219-158-6911811177-45103205338512336236
OPM % -9%-10%-3%7%1%10%-3%10%14%20%24%16%13%
Other Income 35525033915252531691853221,456158166235
Interest 38051539739936937834132537336315812093
Depreciation 69926659554845323142485156
Profit before tax -633-712-29501113-263-701231,389463331322
Tax % -33%-32%22%68%41%102%1%-128%67%17%31%36%
Net Profit -408-483-45-1233-0-26619401,153321210227
EPS in Rs -72.53-84.44-8.16-1.065.002.51-28.622.833.41164.8344.4828.5432.30
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-18.38%90.68%73.33%375.00%-100.00%107.14%110.53%2782.50%-72.16%-34.58%
Change in YoY Net Profit Growth (%)0.00%109.07%-17.35%301.67%-475.00%207.14%3.38%2671.97%-2854.66%37.58%

Ramky Infrastructure Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:8%
3 Years:12%
TTM:-15%
Compounded Profit Growth
10 Years:9%
5 Years:25%
3 Years:104%
TTM:-25%
Stock Price CAGR
10 Years:36%
5 Years:78%
3 Years:36%
1 Year:-22%
Return on Equity
10 Years:6%
5 Years:13%
3 Years:14%
Last Year:11%

Last Updated: September 5, 2025, 12:55 pm

Balance Sheet

Last Updated: December 4, 2025, 1:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 57575757576069696969696969
Reserves 1,1757452992933523892512712071,3421,6431,8351,986
Borrowings 3,2403,6713,2213,0952,9702,7212,4702,3032,1241,650834570613
Other Liabilities 1,9562,0621,7982,1301,6161,4461,5171,7342,1531,5791,7091,7061,760
Total Liabilities 6,4296,5355,3745,5764,9964,6164,3084,3774,5524,6414,2564,1814,427
Fixed Assets 1,4651,315354303298280239202265329217206199
CWIP 2711441601282861000
Investments 11110519817013866777000
Other Assets 4,8265,1044,8195,0984,5454,3304,0624,1414,2524,2444,0393,9754,228
Total Assets 6,4296,5355,3745,5764,9964,6164,3084,3774,5524,6414,2564,1814,427

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -376149-1603504214042632222782,611370373
Cash from Investing Activity + -153297578-21106301-85-215-72-11
Cash from Financing Activity + 533-158110-491-421-477-195-227-327-1,650-1,011-380
Net Cash Flow 42025-63-213398-3-135745-712-18
Free Cash Flow -567150-1604103583902591851842,477262229
CFO/OP 151%-87%211%297%3,487%227%-565%171%128%768%87%125%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-222.00-161.00-72.00115.009.00175.00-47.00101.00203.00337.00-322.00-234.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 15121718025321812696115111817067
Inventory Days 3,2481,174
Days Payable 3,4931,482
Cash Conversion Cycle 151-28-12825321812696115111817067
Working Capital Days 20-15328-56-31-47-134-164-409-2492-62
ROCE %-6%-4%9%11%14%11%3%9%19%16%21%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.83%69.83%69.81%69.81%69.81%69.81%69.81%69.81%69.81%69.81%69.81%69.81%
FIIs 0.07%0.07%0.60%0.56%0.61%0.30%0.46%0.74%1.22%1.48%1.30%1.24%
DIIs 0.13%0.13%0.38%0.43%0.48%0.48%0.68%0.51%0.61%0.70%0.79%0.79%
Public 29.97%29.97%29.23%29.21%29.10%29.40%29.06%28.93%28.35%28.01%28.10%28.18%
No. of Shareholders 16,75816,08516,36616,98420,75123,83924,03723,88123,25123,24123,16222,278

Shareholding Pattern Chart

No. of Shareholders

Ramky Infrastructure Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 22,977 0.29 1.6722,9772025-04-22 15:56:540%
Groww Nifty Total Market Index Fund 62 0.01 0622025-04-22 17:25:220%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 28.5444.48164.833.412.83
Diluted EPS (Rs.) 28.5444.48164.833.412.83
Cash EPS (Rs.) 37.7953.39172.6110.337.44
Book Value[Excl.RevalReserv]/Share (Rs.) 275.20269.35223.7357.8852.40
Book Value[Incl.RevalReserv]/Share (Rs.) 275.20269.35223.7357.8852.40
Revenue From Operations / Share (Rs.) 295.46312.22246.41210.79152.65
PBDIT / Share (Rs.) 72.5796.8672.1876.2041.51
PBIT / Share (Rs.) 65.2089.8766.1471.6536.88
PBT / Share (Rs.) 47.8566.97200.7517.71-10.06
Net Profit / Share (Rs.) 30.4246.40166.575.782.81
NP After MI And SOA / Share (Rs.) 28.5444.48164.823.412.83
PBDIT Margin (%) 24.5631.0229.2936.1427.19
PBIT Margin (%) 22.0628.7826.8433.9924.16
PBT Margin (%) 16.1921.4481.478.40-6.58
Net Profit Margin (%) 10.2914.8667.592.741.84
NP After MI And SOA Margin (%) 9.6514.2466.881.611.85
Return on Networth / Equity (%) 10.3717.9780.798.555.75
Return on Capital Employeed (%) 18.9223.4321.9051.0311.70
Return On Assets (%) 4.717.2224.520.510.44
Long Term Debt / Equity (X) 0.060.330.261.404.68
Total Debt / Equity (X) 0.290.481.177.695.63
Asset Turnover Ratio (%) 0.480.480.420.390.28
Current Ratio (X) 1.191.360.880.630.89
Quick Ratio (X) 1.121.290.810.580.83
Inventory Turnover Ratio (X) 18.000.000.000.000.00
Dividend Payout Ratio (NP) (%) 2.231.430.000.000.00
Dividend Payout Ratio (CP) (%) 1.771.230.000.000.00
Earning Retention Ratio (%) 97.7798.570.000.000.00
Cash Earning Retention Ratio (%) 98.2398.770.000.000.00
Interest Coverage Ratio (X) 4.184.231.381.410.88
Interest Coverage Ratio (Post Tax) (X) 2.753.030.601.111.06
Enterprise Value (Cr.) 3675.974197.182943.203149.412220.45
EV / Net Operating Revenue (X) 1.801.941.732.162.10
EV / EBITDA (X) 7.326.265.895.977.73
MarketCap / Net Operating Revenue (X) 1.521.561.180.830.51
Retention Ratios (%) 97.7698.560.000.000.00
Price / BV (X) 1.631.961.434.441.59
Price / Net Operating Revenue (X) 1.521.561.180.830.51
EarningsYield 0.060.090.560.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ramky Infrastructure Ltd. is a Public Limited Listed company incorporated on 13/04/1994 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L74210TG1994PLC017356 and registration number is 017356. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company's Total Operating Revenue is Rs. 1969.36 Cr. and Equity Capital is Rs. 69.20 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering15th Floor, Ramky Grandiose, Survey No. 136/2 & 4, Hyderabad Telangana 500032Contact not found
Management
NamePosition Held
Mr. Yancharla Rathnakara NagarajaManaging Director
Dr. Anantapurguggilla Ravindranath ReddyNon Executive Director
Mr. Isaac Wesley Vijaya KumarNon Executive Director
Dr. Somavarapu Ravi Kumar ReddyIndependent Director
Dr. Peddibhotla Gangadhara SastryIndependent Director
Ms. Allam Rama DeviIndependent Woman Director
Mr. Eshwar Reddy PurmandlaIndependent Director

FAQ

What is the intrinsic value of Ramky Infrastructure Ltd and is it undervalued?

As of 05 April 2026, Ramky Infrastructure Ltd's intrinsic value is ₹468.95, which is 2.84% higher than the current market price of ₹456.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (10.9 %), book value (₹297), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ramky Infrastructure Ltd?

Ramky Infrastructure Ltd is trading at ₹456.00 as of 05 April 2026, with a FY2026-2027 high of ₹706 and low of ₹374. The stock is currently near its 52-week low. Market cap stands at ₹3,158 Cr..

How does Ramky Infrastructure Ltd's P/E ratio compare to its industry?

Ramky Infrastructure Ltd has a P/E ratio of 14.1, which is below the industry average of 32.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ramky Infrastructure Ltd financially healthy?

Key indicators for Ramky Infrastructure Ltd: ROCE of 16.8 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Ramky Infrastructure Ltd profitable and how is the profit trend?

Ramky Infrastructure Ltd reported a net profit of ₹210 Cr in Mar 2025 on revenue of ₹2,045 Cr. Compared to ₹40 Cr in Mar 2022, the net profit shows an improving trend.

Does Ramky Infrastructure Ltd pay dividends?

Ramky Infrastructure Ltd has a dividend yield of 0.00 % at the current price of ₹456.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ramky Infrastructure Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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