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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ramky Infrastructure Ltd

About the Company - Ramky Infrastructure Ltd

Ramky Infrastructure Ltd. is a Public Limited Listed company incorporated on 13/04/1994 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L74210TG1994PLC017356 and registration number is 017356. Currently Company is involved in the business activities of Construction and maintenance of water main and line connection, water reservoirs including irrigation system (canal). Company’s Total Operating Revenue is Rs. 1297.91 Cr. and Equity Capital is Rs. 69.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingRamky Grandiose, 15th Floor, Hyderabad Telangana 500032investors@ramky.com
http://www.ramkyinfrastructure.com
Management
NamePosition Held
Mr. Rathnakara Nagaraja YancharlaManaging Director
Mr. Ravi Prasad PolimetlaWhole Time Director
Dr. Ravindranath Reddy AnantapurguggillaNon Executive Director
Mr. Murahari Reddy VelpulaIndependent Director
Mr. Ravi Kumar Reddy SomavarapuIndependent Director
Dr. Gangadhara Sastry PeddibhotlaIndependent Director
Ms. Rama Devi AllamIndependent Woman Director
Ms. Mahpara AliNominee Director

Ramky Infrastructure Ltd. Share Price Update

Share PriceValue
Today₹579.55
Previous Day₹583.55

Basic Stock Data of Ramky Infrastructure Ltd

Market Cap 4,534 Cr.
Current Price 655
High / Low1,009/260
Stock P/E16.9
Book Value 234
Dividend Yield0.00 %
ROCE15.8 %
ROE8.79 %
Face Value 10.0

Data Source: screener.in

Competitors of Ramky Infrastructure Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Univastu India Ltd 162 Cr. 143152/76.535.2 41.80.00 %19.3 %15.8 % 10.0
Nila Spaces Ltd 208 Cr. 5.275.77/2.4024.5 2.890.00 %4.98 %3.65 % 1.00
Adhbhut Infrastructure Ltd 37.3 Cr. 33.9364/0.0031.0 5.660.00 %99.2 %% 10.0
Patel Engineering Ltd 5,512 Cr. 71.279.0/13.127.4 38.20.00 %13.7 %6.93 % 1.00
Salasar Exteriors & Contour Ltd 250 Cr. 24.336.8/18.6 1.150.00 %3.18 %7.01 % 1.00
Industry Average132.46 Cr55.5323.6217.940%28.07%6.68%4.6

Ramky Infrastructure Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales179370269263259397540372340417576557582
Expenses168297256183347291432283275328481400401
Operating Profit11741380-8810610889658996157181
OPM %6%20%5%30%-34%27%20%24%19%21%17%28%31%
Other Income4437653918033703748521,3193741
Interest837982838311593879195894046
Depreciation8787889101011111112
Profit before tax-3624-1229116762912341,314143164
Tax %-46%-101%838%2%-4,013%88%163%71%-362%67%18%26%26%
Net Profit-53498628582-48855111,078105121
EPS in Rs-5.904.3411.534.337.00-0.45-7.460.687.510.98155.6514.6416.28

Ramky Infrastructure Ltd Quarterly Chart

Ramky Infrastructure Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,9343,7742,4021,6442,0481,7191,5781,7491,3871,0561,4591,7052,132
Expenses3,3413,2352,6201,8022,1181,6011,5671,5721,4329541,2531,3671,610
Operating Profit593538-219-158-6911811177-45103205338522
OPM %15%14%-9%-10%-3%7%1%10%-3%10%14%20%24%
Other Income364835525033915252531691853221,4561,449
Interest238294380515397399369378341325373363270
Depreciation43606992665955484532314246
Profit before tax347232-633-712-29501113-263-701231,3891,655
Tax %25%25%33%32%-22%68%41%102%-1%128%67%17%
Net Profit260174-408-483-45-1233-0-26619401,1531,315
EPS in Rs42.6726.45-72.53-84.44-8.16-1.065.002.51-28.622.833.41164.83187.55
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Ramky Infrastructure Ltd Profit & Loss Yearly Chart

Ramky Infrastructure Ltd Growth

Compounded Sales Growth
10 Years:-8%
5 Years:2%
3 Years:7%
TTM:29%
Compounded Profit Growth
10 Years:-7%
5 Years:21%
3 Years:33%
TTM:1596%
Stock Price CAGR
10 Years:34%
5 Years:44%
3 Years:114%
1 Year:136%
Return on Equity
10 Years:-17%
5 Years:-4%
3 Years:8%
Last Year:9%

Ramky Infrastructure Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital57575757575757606969696969
Reserves1,2011,5021,1757452992933223652512712071,3421,552
Borrowings2,0992,7173,2403,6713,2213,0952,9702,7212,4702,3032,1241,6501,317
Other Liabilities2,4282,4511,9562,0621,7982,1301,6471,4701,5171,7342,1531,5791,613
Total Liabilities5,7856,7276,4296,5355,3745,5764,9964,6164,3084,3774,5524,6414,551
Fixed Assets5815641,4651,315354303298280239202265329373
CWIP417807271144160128286161
Investments91107111105198170138667777
Other Assets4,6965,2494,8265,1044,8195,0984,5454,3304,0624,1414,2524,2444,110
Total Assets5,7856,7276,4296,5355,3745,5764,9964,6164,3084,3774,5524,6414,551

Ramky Infrastructure Ltd Reserves and Borrowings Chart

Ramky Infrastructure Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -282-118-376149-1603504214042632222782,611
Cash from Investing Activity -383-429-153297578-21106301-85-215
Cash from Financing Activity 556540533-158110-491-421-477-195-227-327-1,650
Net Cash Flow-109-842025-63-213398-3-135745

Ramky Infrastructure Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1481491512171802532181269611511181
Inventory Days4543,2481,174
Days Payable5383,4931,482
Cash Conversion Cycle64149151-28-1282532181269611511181
Working Capital Days114150210147143606433-36-532625
ROCE %19%13%-6%-4%9%11%14%11%3%9%19%16%

Ramky Infrastructure Ltd Financial Efficiency Indicators Chart

Ramky Infrastructure Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.81%
FIIs0.00%0.00%0.01%0.02%0.05%0.14%0.12%0.12%0.12%0.07%0.07%0.60%
DIIs0.13%0.13%0.13%0.13%0.13%0.12%0.00%0.13%0.13%0.13%0.13%0.38%
Public30.04%30.04%30.03%30.02%30.00%29.91%30.06%29.91%29.92%29.97%29.97%29.23%
No. of Shareholders20,39118,89118,20117,42418,07719,49819,10818,28717,58916,75816,08516,366

Ramky Infrastructure Ltd Shareholding Pattern Chart

No. of Ramky Infrastructure Ltd Shareholders

Ramky Infrastructure Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund229770.291.67
Groww Nifty Total Market Index Fund620.010

Ramky Infrastructure Ltd ROCE Trend

Ramky Infrastructure Ltd EPS Trend

Ramky Infrastructure Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)164.833.412.83-29.432.55
Diluted EPS (Rs.)164.833.412.83-29.432.41
Cash EPS (Rs.)172.6110.337.44-31.888.00
Book Value[Excl.RevalReserv]/Share (Rs.)223.7357.8852.4049.6692.67
Book Value[Incl.RevalReserv]/Share (Rs.)223.7357.8852.4049.6692.67
Revenue From Operations / Share (Rs.)246.41210.79152.65200.45292.20
PBDIT / Share (Rs.)72.1876.2041.5117.8171.72
PBIT / Share (Rs.)66.1471.6536.8811.2563.72
PBT / Share (Rs.)200.7517.71-10.06-38.020.51
Net Profit / Share (Rs.)166.575.782.81-38.44-0.01
NP After MI And SOA / Share (Rs.)164.823.412.83-28.622.51
PBDIT Margin (%)29.2936.1427.198.8824.54
PBIT Margin (%)26.8433.9924.165.6121.80
PBT Margin (%)81.478.40-6.58-18.960.17
Net Profit Margin (%)67.592.741.84-19.170.00
NP After MI And SOA Margin (%)66.881.611.85-14.270.85
Return on Networth / Equity (%)80.798.555.75-61.773.35
Return on Capital Employeed (%)21.9051.0311.703.2313.58
Return On Assets (%)24.520.510.44-4.550.32
Long Term Debt / Equity (X)0.261.404.685.604.57
Total Debt / Equity (X)1.177.695.636.765.42
Asset Turnover Ratio (%)0.420.390.280.360.39
Current Ratio (X)0.880.630.890.860.97
Quick Ratio (X)0.810.580.830.780.77
Dividend Payout Ratio (NP) (%)0.000.000.000.0011.91
Dividend Payout Ratio (CP) (%)0.000.000.000.002.84
Earning Retention Ratio (%)0.000.000.000.0088.09
Cash Earning Retention Ratio (%)0.000.000.000.0097.16
Interest Coverage Ratio (X)1.381.410.880.361.13
Interest Coverage Ratio (Post Tax) (X)0.601.111.060.210.99
Enterprise Value (Cr.)2943.203149.412220.452087.612983.12
EV / Net Operating Revenue (X)1.732.162.101.501.71
EV / EBITDA (X)5.895.977.7316.936.95
MarketCap / Net Operating Revenue (X)1.180.830.510.100.36
Retention Ratios (%)0.000.000.000.0088.08
Price / BV (X)1.434.441.590.461.42
Price / Net Operating Revenue (X)1.180.830.510.100.36
EarningsYield0.560.010.03-1.340.02

Ramky Infrastructure Ltd Profitability Ratios (%)

Ramky Infrastructure Ltd Liquidity Ratios

Ramky Infrastructure Ltd Liquidity Ratios (%)

Ramky Infrastructure Ltd Interest Coverage Ratios (X)

Ramky Infrastructure Ltd Valuation Ratios

Fair Value / Intrinsic Value of Ramky Infrastructure Ltd

Fair Value: ₹354.56

The stock is overvalued by 45.87% compared to the current price ₹655

*Investments are subject to market risks

Strength and Weakness of Ramky Infrastructure Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of 49.93 and average Dividend Yield of 22.48%.
    2. The stock has a low average ROCE of 9.50%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 73.58, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 100.67, which may not be favorable.
    5. The company has higher borrowings (2,584.46) compared to reserves (732.69), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (1.54) and profit (-64.54).

    Should I Buy Ramky Infrastructure Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Ramky Infrastructure Ltd:
      1. Net Profit Margin: 67.59%
        • 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: 21.90% (Industry Average ROCE: 6.15%)
        • 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. Interest Coverage Ratio (Post Tax): 0.60
        • 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.
      4. Quick Ratio: 0.81
        • 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.
      5. ✓ Stock P/E: 16.6 (Industry average Stock P/E: 36.49)
        • 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.
      6. ✗ Total Debt / Equity: 1.17
        • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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