Ramco Industries Ltd

BSE: RAMCOIND532369ISIN INE614A01028

Commodities
Other Construction Materials
BSE 1000

Share price

₹307.30+16.30 (+5.60%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹395.80
52W low: ₹230.70
Off 52W high: -22.36%
1M return: +2.98%
3M return: -6.95%
6M return: +9.24%
1Y return: -12.38%
20D avg volume: 6,792
50 DMA: ₹310.53
200 DMA: ₹304.62

Key ratios Consolidated

Market cap: ₹2,669 Cr
Current price: ₹307.30
52W high / low: ₹395.80 / ₹230.70
Face value: ₹1.00
P/E: 7.92
P/B: 0.57
EPS (TTM): ₹38.80
Book value / share: ₹534.66
ROE: —
ROCE: 4.70%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹54.51 Cr
Interest cover: 12.40
Dividend yield: 0.41%
Dividend / share (TTM): ₹1.25
Payout: 3.22%
Cash conversion cycle: 140.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	437.28	613.81	501.83	388.63	365.48	526.83	418.66	343.68	353.17	543.16	364.91	333.63
	4.23	4.07	4.95	3.46	3.52	3.11	5.68	3.81	3.17	2.84	3.92	2.86
	441.51	617.88	506.78	392.09	369.00	529.94	424.34	347.49	356.34	546.00	368.83	336.49
	371.79	520.92	450.82	355.72	326.35	472.61	389.21	320.31	323.79	499.08	340.85	316.20
	239.74	262.33	257.49	224.53	198.81	262.81	250.68	201.51	232.69	270.68	231.92	188.58
	8.86	10.58	8.97	0.23	0.25	0.32	0.74	0.12	0.34	0.41	0.59	0.54
	48.53	50.87	46.92	40.83	38.73	38.48	38.58	37.19	41.85	35.24	29.99	33.95
	1.63	2.71	4.46	4.60	3.96	4.56	5.40	4.50	3.14	3.93	6.22	6.78
	9.76	9.56	9.36	9.36	9.32	9.18	8.98	9.20	8.97	8.81	9.55	9.29
	105.43	134.41	117.45	96.02	84.75	106.36	99.44	86.95	81.23	103.40	99.95	83.97
	69.72	96.96	55.96	36.37	42.65	57.33	35.13	27.18	32.55	46.92	27.98	20.29
	0.00	8.78	7.86	0.00	0.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	69.72	105.74	63.82	36.37	42.88	57.33	35.13	27.18	32.55	46.92	27.98	20.29
	28.88	26.53	16.06	14.68	22.52	11.51	6.54	11.56	19.40	10.63	8.30	7.37
	50.66	86.59	87.63	112.07	40.93	65.63	35.71	88.89	16.88	39.41	43.81	26.38
	5.85	10.00	10.12	12.94	4.73	7.58	4.12	10.27	2.02	4.72	5.25	3.16
Key metrics
	81.11	118.01	77.64	50.33	56.16	71.07	49.51	40.88	44.66	59.66	43.75	36.36
	18.50%	19.20%	15.50%	13.00%	15.40%	13.50%	11.80%	11.90%	12.60%	11.00%	12.00%	10.90%
	11.60%	14.10%	17.50%	28.80%	11.20%	12.50%	8.50%	25.90%	4.80%	7.30%	12.00%	7.90%
	1.50%	—	1.50%	—	1.00%	—	0.90%	—	—	—	—	—
	19.60%	16.50%	19.90%	13.10%	3.50%	-3.00%	14.70%	3.00%	—	—	—	—
	23.80%	31.90%	145.40%	26.10%	142.50%	66.50%	-18.50%	237.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,942	1,792	1,659	1,501	1,458	1,457
	16.71	15.04	15.50	14.30	21.59	11.58
	1,958	1,807	1,674	1,516	1,479	1,469
	1,699	1,615	1,532	1,407	1,361	1,276
	984.09	913.72	955.56	848.50	811.55	769.04
	28.64	39.69	1.61	11.19	11.45	0.42
	187.15	164.96	152.86	133.23	135.15	124.68
	13.40	17.58	16.97	25.01	20.97	8.64
	38.04	37.22	35.96	36.98	33.89	32.67
	453.31	414.03	371.02	363.15	365.75	363.68
	259.01	192.31	141.78	108.51	118.60	192.58
	16.64	8.09	0.00	0.00	3.07	0.00
	275.65	200.40	141.78	108.51	121.67	192.58
	86.15	64.77	48.13	35.54	15.54	66.06
	336.95	306.26	180.91	105.72	122.51	302.85
	38.91	35.36	20.89	12.67	14.65	36.27
Key metrics
	327.09	255.20	194.71	170.50	176.53	233.89
	16.85%	14.20%	11.70%	11.40%	12.10%	16.10%
	17.35%	17.10%	10.90%	7.00%	8.40%	20.80%
	—	4.70%	3.60%	—	—	—
	17.34%	8.10%	10.50%	3.00%	0.00%	—
	45.76%	69.30%	71.10%	-13.70%	-59.50%	—
	—	150.19	103.45	—	—	—
	—	0.66	0.73	—	—	—
	—	0.04	0.06	—	—	—
	—	54.51	203.76	—	—	—
	—	140.6	145.8	—	—	—
Balance sheet
	—	4,977	4,783	—	—	—
	—	894.04	866.90	—	—	—
	—	114.69	51.95	—	—	—
	—	87.75	99.94	—	—	—
	—	630.80	606.44	—	—	—
	—	21.83	57.22	—	—	—
	—	555.41	556.65	—	—	—
	—	28.43	43.99	—	—	—
	—	350.21	413.14	—	—	—
	—	169.20	255.71	—	—	—
	—	128.08	180.31	—	—	—
	—	41.12	75.40	—	—	—
	—	4,522	4,233	—	—	—
Cash flow
	—	200.97	132.24	—	—	—
	—	-37.48	-107.16	—	—	—
	—	-113.66	-10.68	—	—	—
	—	50.78	28.79	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	344.89	531.38	397.21	305.29	272.67	458.88	341.32	272.17	280.94	492.59	311.13	269.93
	39.54	2.20	3.04	12.32	34.01	1.06	3.52	12.72	35.64	1.19	1.77	12.53
	384.43	533.58	400.25	317.61	306.68	459.94	344.84	284.89	316.58	493.78	312.90	282.46
	307.37	463.21	373.15	293.87	259.15	420.56	330.20	265.88	269.82	458.77	304.40	266.31
	191.59	219.10	202.32	173.99	149.78	227.21	203.82	159.55	186.27	244.97	194.05	160.55
	8.86	10.58	8.97	0.23	0.25	0.32	0.35	0.12	0.34	0.41	0.59	0.53
	43.61	46.70	41.59	36.46	34.67	34.76	34.28	33.41	38.33	32.15	26.69	31.14
	1.61	2.70	4.44	4.60	3.94	4.53	5.38	4.49	3.12	3.80	6.16	6.65
	8.90	8.79	8.52	8.62	8.56	8.46	8.33	8.44	8.28	8.17	8.81	8.69
	94.63	124.70	105.72	85.62	74.52	98.73	89.30	77.72	71.91	96.02	91.29	76.18
	77.06	70.37	27.10	23.74	47.53	39.38	14.64	19.01	46.76	35.01	8.50	16.15
	0.00	8.78	7.86	0.00	0.23	0.00	0.00	—	—	—	—	—
	77.06	79.15	34.96	23.74	47.76	39.38	14.64	19.01	46.76	35.01	8.50	16.15
	19.06	19.15	8.80	7.15	11.83	6.80	1.22	6.08	12.32	7.44	3.71	3.69
	58.00	60.00	26.16	16.59	35.93	32.58	13.42	12.93	34.44	27.57	4.79	12.46
	6.68	6.91	3.01	1.91	4.14	3.75	1.55	1.49	3.97	3.18	0.55	1.44
Key metrics
	87.57	90.64	47.92	36.96	60.26	52.37	28.35	31.94	58.16	46.98	23.47	31.49
	25.40%	17.10%	12.10%	12.10%	22.10%	11.40%	8.30%	11.70%	20.70%	9.50%	7.50%	11.70%
	16.80%	11.30%	6.60%	5.40%	13.20%	7.10%	3.90%	4.80%	12.30%	5.60%	1.50%	4.60%
	5.20%	—	2.70%	—	3.50%	—	1.40%	—	—	—	—	—
	26.50%	15.80%	16.40%	12.20%	-2.90%	-6.80%	9.70%	0.80%	—	—	—	—
	61.40%	84.20%	94.90%	28.30%	4.30%	18.20%	180.20%	3.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,579	1,444	1,387	1,299	1,310	1,184
	57.10	50.43	53.07	35.03	29.09	30.56
	1,636	1,494	1,440	1,334	1,339	1,214
	1,438	1,356	1,325	1,254	1,238	1,054
	787.00	723.38	794.61	735.40	717.71	607.64
	28.64	39.69	1.22	11.18	11.41	0.41
	168.36	147.48	138.17	121.90	126.08	110.91
	13.35	17.51	16.79	24.50	19.12	8.53
	34.83	34.16	33.22	34.51	31.48	29.31
	410.67	374.04	334.95	334.71	335.80	322.34
	198.27	137.75	115.42	79.55	100.87	160.26
	16.64	8.09	0.00	—	3.07	—
	214.91	145.84	115.42	79.55	103.94	160.26
	54.16	34.58	27.06	19.95	8.10	53.33
	160.75	111.26	88.36	59.60	95.84	106.93
	18.51	12.82	10.18	6.87	11.04	12.34
Key metrics
	263.09	197.51	165.43	138.56	154.54	198.10
	16.66%	13.70%	11.90%	10.70%	11.80%	16.70%
	10.18%	7.70%	6.40%	4.60%	7.30%	9.00%
	—	11.30%	9.50%	—	—	—
	17.38%	4.10%	6.80%	-0.90%	10.70%	—
	69.46%	25.90%	48.30%	-37.80%	-10.40%	—
	—	49.26	25.24	—	—	—
	—	0.85	0.59	—	—	—
	—	0.13	0.20	—	—	—
	—	147.68	251.84	—	—	—
	—	151.2	157.2	—	—	—
Balance sheet
	—	1,754	1,760	—	—	—
	—	663.89	673.36	—	—	—
	—	21.52	3.87	—	—	—
	—	88.59	99.00	—	—	—
	—	533.70	536.69	—	—	—
	—	17.01	31.29	—	—	—
	—	528.46	529.77	—	—	—
	—	24.66	38.56	—	—	—
	—	308.18	372.16	—	—	—
	—	169.20	255.71	—	—	—
	—	128.08	180.31	—	—	—
	—	41.12	75.40	—	—	—
	—	1,345	1,254	—	—	—
Cash flow
	—	94.22	52.10	—	—	—
	—	37.05	-49.34	—	—	—
	—	-113.59	-10.50	—	—	—
	—	44.96	26.86	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +3.29%
Sales CAGR 5Y: —
Profit CAGR 3Y: +5.10%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.38%
Profit YoY (TTM): +69.46%

Consolidated

Sales CAGR 3Y: +7.13%
Sales CAGR 5Y: —
Profit CAGR 3Y: +35.72%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.34%
Profit YoY (TTM): +45.76%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 54.86%

Quarter	September 2026	June 2026
Promoter %	54.86%	54.86%

Holder	Type	Holding	Previous	Change
PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA	Promoter	16.71%	16.71%	0.00%
RAMCO MANAGEMENT PRIVATE LIMITED	Promoter Group	14.51%	14.51%	0.00%
RAJAPALAYAM MILLS LIMITED	Promoter Group	14.16%	14.16%	0.00%
GOVINDLAL M PARIKH	Public	7.79%	7.62%	+0.17%
SARADHA DEEPA	Promoter Group	4.11%	4.11%	0.00%
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	2.63%	2.63%	0.00%
NALINA RAMALAKSHMI	Promoter Group	2.37%	2.37%	0.00%
KRISHNASAMY KUMARAN	Public	1.16%	1.16%	0.00%
SETHULAKSHMI JAYARAMAN	Promoter Group	1.08%	1.08%	0.00%
HITESH SATISHCHANDRA DOSHI	Public	1.04%	—	—
ALAGARAJA RAMALAKSHMI	Promoter Group	0.49%	0.49%	0.00%
P.V. NIRMALA	Promoter Group	0.46%	0.46%	0.00%
S.R.SRIRAMA RAJA	Promoter Group	0.28%	0.28%	0.00%
THE RAMARAJU SURGICAL COTTON MILLS LTD.	Promoter Group	0.16%	0.16%	0.00%
N.R.K.RAMKUMAR RAJA HUF	Promoter Group	0.10%	0.10%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
MIDWEST ENERGY LIMITED S	3,139	242.00	605.00	1.20%	+1,884.09% TTM	+286.28% TTM	-3.83%
Ramco Industries Ltd	2,669	307.30	7.92	4.70%	+17.34% TTM	+45.76% TTM	-12.38%
Glass Wall Systems (India) Limited	2,154	245.00	—	—	+64.18% FY26	+45.70% FY26	—
ArisInfra Solutions Limited	1,214	148.45	14.67	13.80%	—	—	-10.44%
BIRLANU LIMITED	901	1,194.20	-7.30	-2.70%	+9.17% TTM	-18.19% TTM	-37.16%
Everest Industries Ltd.	718	452.85	37.76	-11.70%	-16.31% TTM	+178.04% TTM	-22.94%
MARBLE CITY INDIA LIMITED S	397	154.90	94.45	13.50%	+4.13% TTM	-33.70% TTM	-1.81%
SAHYADRI INDUSTRIES LTD. S	347	317.45	6.40	10.20%	+19.77% TTM	+193.30% TTM	+20.96%
OM GALAXY LIMITED	290	85.50	18.10 FY26	—	+10.07% FY26	+4.52% FY26	—
Nidhi Granites Limited	228	284.75	27.33	46.60%	+9.73% TTM	+145.29% TTM	-37.92%
Glittek Granites Ltd. S	212	81.60	1,360.00	-3.60%	-63.86% TTM	-99.32% TTM	+641.82%
DIVYASHAKTI LIMITED S	68	65.79	212.23	0.80%	-58.93% TTM	-90.40% TTM	+11.62%
CELLA SPACE LIMITED S	61	30.09	5.71	13.90%	+847.86% TTM	-79.82% TTM	+87.36%
Ravileela Granites Limited S	57	54.00	6.35	42.50%	+39.51% TTM	+593.08% TTM	+17.39%
Associated Ceramics Ltd. S	53	175.00	20.49	10.70%	-11.22% TTM	+1.16% TTM	-18.57%
LERTHAI FINANCE LIMITED S	29	409.00	-68.51	-4.00%	-100.00% TTM	-5,300.00% TTM	-43.19%
Neelkanth Rockminerals ltd. S	28	55.25	95.26	3.90%	—	+11.11% TTM	+172.84%
Jai Mata Glass Ltd. S	26	2.65	-132.50	-11.30%	-69.70% TTM	+64.06% TTM	+39.47%
Shiva Granito Export Limited S	19	14.21	-355.25	1.50%	—	—	+25.86%
Inani Marbles & Industries Ltd. S	17	9.26	115.75	3.20%	-4.64% TTM	+25.00% TTM	-53.23%
Solid Stone Company Ltd.	13	24.32	26.22	10.70%	-13.78% TTM	-39.02% TTM	-29.55%
Triveni Glass Ltd. S	11	8.83	6.59	4.90%	-100.00% TTM	+1,088.24% TTM	-32.80%
Milestone Global Limited	9	17.50	7.89	9.00%	+31.30% TTM	+246.88% TTM	-32.04%
Sashwat Technocrats Limited S	8	276.75	1,203.26	-11.90%	+25.00% TTM	+125.00% TTM	+4.24%
Mayur Floorings Ltd. S	8	15.43	35.88	6.00%	+31.98% TTM	+117.19% TTM	-20.30%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Unaudited Standalone and Consolidated Financial results for the Quarter and six months ended 30.9.2026 together with Limited Review Reports of the Auditors, is enclosed4 Nov 2026 · Board Meeting / Outcome of Board Meeting
In continuation of our letter dt. 23.9.2026 reg. Trading Window Closure, we would like to inform that the Trading Window shall remain closed till 6th November, 2026. Letter in this regard is enclosed.26 Oct 2026 · Insider Trading / SAST / Closure of Trading Window
Ramco Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....26 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended 30.9.2026 is enclosed.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
61st AGM Minutes enclosed.16 Sep 2026 · AGM/EGM / AGM
61st AGM - 20.8.2026 - Voting Results and Scrutinizer Report21 Aug 2026 · AGM/EGM / AGM
Outcome of 61st AGM held on 20.8.202620 Aug 2026 · AGM/EGM / AGM
Newspaper publication of Unaudited Financial Results of the Company for the Quarter ended 30.6.2026.12 Aug 2026 · Company Update / Newspaper Publication
Unaudited Standalone and Consolidated Financial Results for the Quarter ended 30.6.2026 and Limited Review Report of the Auditors thereon10 Aug 2026 · Board Meeting / Outcome of Board Meeting
Notice to Shareholders - Copy of Newspaper Publication29 Jul 2026 · Company Update / Newspaper Publication
61st AGM - Communication sent to Shareholders whose e-mail IDs are registered.28 Jul 2026 · Company Update / General
61st AGM - Physical communication to shareholders28 Jul 2026 · Company Update / General
In continuation of letter dated 27th June, 2026 reg. Trading Window Closure, we would like to inform that the trading window will remain closed till 12th August, 2026. Letter in this regard ....28 Jul 2026 · Insider Trading / SAST / Closure of Trading Window
Ramco Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....28 Jul 2026 · Board Meeting / Board Meeting
BRSR-2025-26 enclosed27 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 61st AGM enclosed27 Jul 2026 · AGM/EGM / AGM
Annual Report-2025-26 enclosed.27 Jul 2026 · Others / Reg. 34 (1) Annual Report
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 24, 2026 for Rajapalayam Mills Ltd25 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 23, 2026 for Rajapalayam Mills Ltd23 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended 30.6.2026 is enclosed.14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Change in Management - Re-appointment of Shri Ajay Bhaskar Baliga, Non Executive Independent Director6 Jul 2026 · Company Update / Change in Management
Postal Ballot Outcome_Voting Results and Scrutinizer''s rpt attached.6 Jul 2026 · AGM/EGM / Postal Ballot
Postal Ballot - Scrutinizer''s Report attached.6 Jul 2026 · AGM/EGM / Postal Ballot
Intimation of Closure of Trading Window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Reg. 30 of SEBI (LODR) - Newspaper Publication - Postal Ballot advt.9 Jun 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot is enclosed5 Jun 2026 · AGM/EGM / Postal Ballot
Announcement under Reg. 30 of SEBI (LODR) - Newspaper Publication29 May 2026 · Company Update / Newspaper Publication
Annual Secl. Compliance Report - 31.3.202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
61st AGM is scheduled to be held on Thursday the 20th August, 2026 and is proposed to be conducted through Video Conferencing/Other Audio Visual means27 May 2026 · AGM/EGM / AGM
Audited Financial results (Standalone and Consolidated) for the quarter and Year ended 31.3.202627 May 2026 · Result / Financial Results
Board Meeting Update27 May 2026 · Company Update / General
Record Date for payment of Dividend for the year 22025-26 - 13.08.202627 May 2026 · Corp. Action / Record Date
Board recommended dividend of Rs.1.25 per share of Re.1/- each for the year 2025-2627 May 2026 · Corp. Action / Dividend
Audited financial results (Standalone and Consolidated) for the Quarter and Year ended 31.3.2026, Recommendation of Dividend of Rs.1.25 per share for the year 2025-26 and AGM on 20.8.202627 May 2026 · Board Meeting / Outcome of Board Meeting
Announcement under Reg 30 of LODR - Newspaper publication13 May 2026 · Company Update / Newspaper Publication
Intimation - Closure of Trading Window13 May 2026 · Insider Trading / SAST / Closure of Trading Window
Ramco Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Audited Annual Accounts (both ....13 May 2026 · Board Meeting / Board Meeting
Information published on Social Media platforms on Saksham Niveshak - 2nd 100 days campaign4 May 2026 · Company Update / General
Announcement under Reg. 30 of SEBI (LODR) - Newspaper publication - Relodgement of physical shares13 Apr 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.2500	13 Aug 2026	13 Aug 2026	—
Final Dividend - Rs. - 1.0000	6 Aug 2025	6 Aug 2025	—
Final Dividend - Rs. - 0.7500	9 Aug 2024	9 Aug 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results