# Ramco Industries share price today (Ramco Industries Ltd, NSE: RAMCOIND)

> Ramco Industries share price today: ₹290.70 at the NSE close on 3 November 2026, down 17.4% in a year. Ramco Industries (NSE: RAMCOIND) is worth ₹2,522 crore, trades at a P/E of 8.0 and has closed between ₹239.70 and ₹367.75 over the past 52 weeks. > Ramco Industries Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 17% of past readings. RAMCOIND · Cement Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ramco-industries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹290.70 (−17.4% in a year)
- P/E: 8.0× (lower than 83% of the last 11 years)
- Revenue (Jun 2026): ₹614 Cr (+15.4% on a year ago)
- Profit (Jun 2026): ₹87.0 Cr (+31.8% on a year ago)
- Operating margin: 17.0% (+4.0 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 4.3%, against a 12.0% cost of capital: −7.7 points

The main question: yearly earnings per share moved +69.2% while the share price moved −17.4%. ## What is the Ramco Industries share price today? Ramco Industries Ltd's share price was ₹290.70 at the close on 3 November 2026. It has been rising for 17 weeks. That is 6.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹240 and ₹368, and at that close it sat 40% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running. Over the last 11 years the share price moved +232% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ramco Industries this quarter? Three changes stood out: best operating margin in 15 quarters, profit up on a year earlier for 5 quarters in a row and revenue up on a year earlier for 4 quarters in a row. 1. Best operating margin in 15 quarters Operating margin was 17% in the June 2026 quarter, against 13% a year earlier. 2. Profit up on a year earlier for 5 quarters in a row In the June 2026 quarter profit was ₹87 crore, +31.8% on a year earlier. 3. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹614 crore, +15.4% on a year earlier. ## What are Ramco Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Ramco Industries reported revenue of ₹614 crore, up 15.4% from ₹532 crore a year earlier, and a profit of ₹87.0 crore, up 31.8% from ₹66.0 crore. ### Ramco Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹614 crore | ₹532 crore | +15.4% |
| Profit | ₹87.0 crore | ₹66.0 crore | +31.8% |
| Earnings per share | ₹9.97 | ₹7.56 | +31.9% |
| Operating margin | 17.0% | 13.0% | +4.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Ramco Industries share price history? Ramco Industries closed at ₹290.70 on 3 November 2026, down 17.4% from ₹351.80 a year earlier (31 October 2025) and up 3.2% over five years. Its highest weekly close since March 2016 was ₹391.30 on 19 September 2025. ### Ramco Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹280.95 | +3.5% |
| 1 month ago · 1 Oct 2026 | ₹302.60 | −3.9% |
| 6 months ago · 30 Apr 2026 | ₹266.42 | +9.1% |
| 1 year ago · 31 Oct 2025 | ₹351.80 | −17.4% |
| 3 years ago · 3 Nov 2023 | ₹221.30 | +31.4% |
| 5 years ago · 4 Nov 2021 | ₹281.60 | +3.2% |
| 10 years ago · 4 Nov 2016 | ₹228.95 | +27.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹87.60 | +231.8% |
| Highest weekly close since March 2016 · 19 Sep 2025 | ₹391.30 | −25.7% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹87.00 | +234.1% |
| 52-week high (weekly close) · 10 Jul 2026 | ₹367.75 | −21.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹239.70 | +21.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Ramco Industries? 3 Nov 2026: Ramco Industries closed at ₹290.70, up 3.5% on the week and down 3.9% on the month. 13 Aug 2026: ex-date for a dividend of ₹1.25 a share. ### Earlier

- Results for April to June 2026: Revenue up 15.4% and profit up 31.8% on a year earlier. ## What dividend does Ramco Industries pay? Ramco Industries paid ₹1.25 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.43% at the ₹290.70 close on 3 November 2026. The last was a dividend of ₹1.25 a share, ex-date 13 August 2026. ### Ramco Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 13 Aug 2026 | ₹1.25 | Dividend | same day |
| 6 Aug 2025 | ₹1 | Dividend | same day |
| 9 Aug 2024 | ₹0.75 | Dividend | same day |
| 3 Aug 2023 | ₹1 | Dividend | same day |
| 2 Aug 2022 | ₹1 | Dividend | 3 Aug 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Ramco Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 10 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What is the future of Ramco Industries? What is changing in the business? What is changing at Ramco Industries, from the latest results and calls: earnings rebound. - Earnings Rebound. Recent quarters show sequential revenue improvement, with January to March 2026 hitting ₹502 Cr. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 19 July 2026.)

## What could change the Ramco Industries story? What are the risks? Sustained volume-led growth in the core cement products business accompanied by a reversal in the working capital bloat, specifically a reduction in inventory days back toward the 200-day historical average. ### Each change stops working if

- Earnings Rebound: Volume growth stalls in April to June 2026. ### The main risks

- Working Capital Bloat: Inventory days expanded from 203 to 235 over four years, absorbing ₹684 Cr of cash. ✓ fact

(Our read after the latest results, written 19 July 2026.)

## What to watch in Ramco Industries' next results? When Ramco Industries reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Operating margin trajectory in April to June 2026. | What to check | Why |
| --- | --- |
| Operating margin trajectory in April to June 2026. |  |
| Inventory days in upcoming half-yearly balance sheet. | Working Capital Bloat |
| Core profit before tax growth excluding other income. | One-Time Earnings Artifacts |

## Which stock lists is Ramco Industries on? Ramco Industries is not on any of our India lists this week. ## Is Ramco Industries profitable? Ramco Industries Ltd earned ₹87.0 Cr of net profit in the Jun 2026 quarter, +31.8% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹306 Cr. Over 10 years profit has grown 4.8% a year on average. That is 14.2% of the quarter's revenue. The same quarter a year earlier earned ₹66.0 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹306 Cr (+69.1% on the year before). Why profit moved: revenue changed +15.4% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +85.8% and revenue +12.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q3. Revenue stood at ₹392 Cr with an operating profit of ₹47 Cr. OPM contracted slightly to 12%. PAT jumped to ₹112 Cr, suggesting significant non-operating income or tax benefits during the quarter. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much revenue does Ramco Industries make, and is it growing? Ramco Industries Ltd reported ₹614 Cr of revenue in the Jun 2026 quarter, +15.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 7.6% a year on average. The last full year, FY26, came in at ₹1,792 Cr. The last four reported quarters add to ₹1,873 Cr. FY26 revenue was ₹1,792 Cr, +7.0% on the year before. Recent pace: the last four quarters grew +12.9% on average, against 7.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.4%, against +9.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +57.7%, against +76.7% a year (rolling over). FY26-Q3. Revenue stood at ₹392 Cr with an operating profit of ₹47 Cr. OPM contracted slightly to 12%. PAT jumped to ₹112 Cr, suggesting significant non-operating income or tax benefits during the quarter. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Ramco Industries keep? Ramco Industries Ltd's operating margin was 17.0% in the Jun 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.0% and 16.0%. The latest quarter is above every full year in that period. Why this happened. Revenue growth has returned in the last two quarters. However, lack of management commentary makes it difficult to assess if this is structural or pent-up demand. Why the margin moved: operating margin changed +4.3 percentage points on the year while gross margin changed +6.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q3. Revenue stood at ₹392 Cr with an operating profit of ₹47 Cr. OPM contracted slightly to 12%. PAT jumped to ₹112 Cr, suggesting significant non-operating income or tax benefits during the quarter. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## Is Ramco Industries' profit turning into cash? Over the last 3 years, 79% of Ramco Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹201 Cr of operating cash against ₹306 Cr of profit. After ₹47.0 Cr of spending on assets, ₹154 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 79% of profit came in as cash: the cash cycle got 45 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 45 days longer. The next section looks at where the cash is stuck. ## Where does Ramco Industries' cash go? Ramco Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 242 days in FY26, up from 197 days in FY21. It spent ₹109 Cr on assets over the last 3 years. Customers take 18 days to pay, and stock sits for 235 days on average. At FY26 sales of ₹1,792 Cr, each day of that cycle ties up about ₹4.9 Cr, so roughly ₹1,188 Cr is tied up in the business at any time. FY26: customers took 18 days to pay and stock sat for 235 days, about 7.7 months of sales sitting as stock, for a full cycle of 242 days, longer than FY21's 197. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 235 days. Customers pay about 18 days after that. Suppliers are paid at 11 days. Together that makes the 242-day cycle. Spending on assets: ₹109 Cr over the last 3 years, against ₹110 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹17.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Ramco Industries' P/E ratio, and how does it compare with its own history? Ramco Industries Ltd's P/E is 8.0×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 10.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹37.68. Why the multiple is where it is: over the past year earnings per share moved +69.2% while the price moved −17.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +0.6% a year; about −2.5% a year came from earnings growth and about +3.1 percentage points from the multiple (the market paying more); over 10 years the price moved +2.4% a year; about +5.7% a year came from earnings growth and about −3.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Ramco Industries share price assume? Worked out from its price on 27 August 2026, Ramco Industries Ltd's share price assumed profit growth of about 2.1% a year. Over the past 10 years its profit actually grew 4.8% a year. Today its P/E is 8.0×, lower than 83% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Ramco Industries business getting better or worse? Ramco Industries Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +84.1% at its peak to +57.7%, but the business is still expanding, with ROCE steady at 5.9%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Ramco Industries story, and has it been checked? Ramco Industries Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: MID CONTRACTION. Our read, 19 July 2026. From the numbers. From the price. Price stage 2, week 17, below its 200-day line, relative strength falling. From the research. Where they disagree. What is proven. What is not proven yet. Sustained volume-led growth in the core cement products business accompanied by a reversal in the working capital bloat, specifically a reduction in inventory days back toward the 200-day historical average. What would change our mind. Sustained volume-led growth in the core cement products business accompanied by a reversal in the working capital bloat, specifically a reduction in inventory days back toward the 200-day historical average. The test written in advance. Sustained volume-led growth in the core cement products business accompanied by a reversal in the working capital bloat, specifically a reduction in inventory days back toward the 200-day historical average. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Working Capital Bloat. Measured by: Working Capital Bloat Inventory days in upcoming half-yearly balance sheet by the next result. What the company does. Q4 FY26 net profit soared to ₹88 Cr (up 2.5x), but this was driven by a one-time gain alongside operating performance. Working capital is expanding faster than revenue growth, with inventory days jumping from 203 to 235 over four years. What the surface reading misses. The surface reading is: High OPM suggests strong pricing power and profitability The research reads it further: Margins are at a cyclical peak and likely to mean-revert to the 11.2% historical average

What the surface reading misses. Lever 1 · Operating leverage: building. Recent quarters show sequential revenue improvement, with Q4 FY26 hitting ₹502 Cr. What proves it keeps working: Earnings Rebound. It stops working if Volume growth stalls in Q1 FY27. Sources: our stock research file (19 July 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Ramco Industries earn on its capital? Ramco Industries Ltd earned a ROCE of 5% in FY26. That is up from a low of 3% in FY14. Its return on capital used (ROIC) is 7.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 17.1% net margin and 0.36× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 17.1% net margin × 0.36× asset turnover × 1.10× leverage (assets divided by equity) ≈ 6.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 4.3% − 12.0% = −7.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Ramco Industries have too much debt? Ramco Industries Ltd has total debt of ₹171 Cr against shareholder equity of ₹4,522 Cr as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.06 in FY22 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Ramco Industries shareholding pattern? No group of Ramco Industries Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.3 points over the same period, to 0.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.8 points over 8 quarters, to 3.3%; Foreign institutions: −0.3 points over 8 quarters, to 0.7%; Promoters: +0.0 points over 8 quarters, to 54.8%. ## How far is Ramco Industries from balance-sheet trouble? For Ramco Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ramco Industries rank in its industry? 68.5 out of 100, rank 2 of 6 in Cement Products, with 82% of the evidence available. Ramco Industries Ltd scores 68.5 out of 100 against the 6 companies it is compared with in Cement Products, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 28.9 + 12.8 + 17.2 + 9.6 = 68.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ramco Industries compared with? Ramco Industries ranks 2 of 6 Cement Products companies on the 4-Factor Sector Score, with 68.5 out of 100. 1. [Visaka Industries Ltd](https://www.sectoralpha.in/stocks/visaka-industries-ltd) VISAKAIND · losing its lead · Most evidence points up · 80% evidence 71.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.3/35 · Revenue 10.8% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 13.6/25 · ROCE 6.8% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 10.1× · PEG n/a · 0% evidence Relative strength 18.0/20 · Lead over its industry 13.1% · Lead over NIFTY 500 12.2% · 1 year -0.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.3 + 13.6 + 10 + 18 = 71.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Ramco Industries Ltd this page RAMCOIND · quiet · Most evidence points up · 82% evidence 68.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 13.4% · Profit 57.7% · Operating margin change 4 points · 100% evidence Capital efficiency 12.8/25 · ROCE 4.6% · Operating margin 17% · 100% evidence Valuation 17.2/20 · P/E 7.8× · PEG 0.24 · 85% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.5% · 1 year -19.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 28.9 + 12.8 + 17.2 + 9.6 = 68.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [GPT Infraprojects Ltd](https://www.sectoralpha.in/stocks/gpt-infraprojects-ltd) GPTINFRA · turning · Most evidence points up · 79% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue 1.6% · Profit 14.5% · Operating margin change 4 points · 95% evidence Capital efficiency 20.7/25 · ROCE 21.4% · Operating margin 16% · 76% evidence Valuation 9.9/20 · P/E 14.4× · PEG n/a · 35% evidence Relative strength 18.0/20 · Lead over its industry 4.1% · Lead over NIFTY 500 3.8% · 1 year 5.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.3 + 20.7 + 9.9 + 18 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Indian Hume Pipe Company Ltd](https://www.sectoralpha.in/stocks/indian-hume-pipe-company-ltd) INDIANHUME · quiet · Most evidence points down · 97% evidence 32.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.2/35 · Revenue -9.3% · Profit -73.7% · Operating margin change -1 points · 100% evidence Capital efficiency 15.0/25 · ROCE 9.5% · Operating margin 10% · 100% evidence Valuation 13.7/20 · P/E 16.7× · PEG 1.08 · 85% evidence Relative strength 0.0/20 · Lead over its industry -12.3% · Lead over NIFTY 500 -12.6% · 1 year -17.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 4.2 + 15 + 13.7 + 0 = 32.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 5. [BirlaNu Ltd](https://www.sectoralpha.in/stocks/birlanu-ltd) BIRLANU · losing its lead · Most evidence points down · 71% evidence 31.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 8.2% · Profit -80% · Operating margin change 2.4 points · 74% evidence Capital efficiency 1.4/25 · ROCE -4.3% · Operating margin 6.2% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.8/20 · Lead over its industry -11.4% · Lead over NIFTY 500 -11.5% · 1 year -35.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 13.3 + 1.4 + 10 + 6.8 = 31.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Sanghi Industries Ltd](https://www.sectoralpha.in/stocks/sanghi-industries-ltd) SANGHIIND · Too little evidence to rank firmly · 33% evidence 39.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/43.75 · Revenue 24.1% · Profit -5.7% · Operating margin change -4 points · 42% evidence Capital efficiency 6.8/31.25 · ROCE -3.9% · Operating margin 8% · 75% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.9 + 6.8 + 12.5 = 39.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement Products](https://www.sectoralpha.in/sectors/cement-products), all 6 compared on one page. ## Which companies are close to Ramco Industries in size? Ramco Industries is the largest of 6 Cement Products companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Indian Hume Pipe Company, GPT Infraprojects, Sanghi Industries, BirlaNu and Visaka Industries. ### Cement Products companies close in size

1. Ramco Industries Ltd ₹2,464 crore
2. [Indian Hume Pipe Company Ltd](https://www.sectoralpha.in/stocks/indian-hume-pipe-company-ltd) ₹1,563 crore
3. [GPT Infraprojects Ltd](https://www.sectoralpha.in/stocks/gpt-infraprojects-ltd) ₹1,418 crore
4. [Sanghi Industries Ltd](https://www.sectoralpha.in/stocks/sanghi-industries-ltd) ₹1,289 crore
5. [BirlaNu Ltd](https://www.sectoralpha.in/stocks/birlanu-ltd) ₹938 crore
6. [Visaka Industries Ltd](https://www.sectoralpha.in/stocks/visaka-industries-ltd) ₹687 crore

[All 6 Cement Products companies, largest first](https://www.sectoralpha.in/sectors/cement-products#all-companies)

### Companies close in size in other industries

1. [Apcotex Industries Ltd](https://www.sectoralpha.in/stocks/apcotex-industries-ltd) ₹2,472 crore · Rubber Processing/Rubber Products
2. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore · Steel - Tubes/Pipes
3. Ramco Industries Ltd ₹2,464 crore
4. [Interarch Building Solutions Ltd](https://www.sectoralpha.in/stocks/interarch-building-solutions-ltd) ₹2,456 crore · Pre-Engineering Buildings
5. [Gandhar Oil Refinery (India) Ltd](https://www.sectoralpha.in/stocks/gandhar-oil-refinery-indialtd) ₹2,444 crore · Refineries

## What else do people ask about Ramco Industries? ### What is Ramco Industries's share price today? Ramco Industries Ltd's share price is ₹290.70, −17.4% over the past year. The whole company is worth ₹2,522 Cr on the market. In the last 52 weeks it traded between ₹240 to ₹368; today it is 40% of the way up from the low, 6.1% below its 200-day average (as of 3 November 2026). ### What were Ramco Industries's latest quarterly results? Ramco Industries Ltd reported revenue of ₹614 Cr and net profit of ₹87.0 Cr for the Jun 2026 quarter. Revenue rose 15.4% and profit rose 31.8% compared with a year earlier. Earnings per share were ₹9.97. The operating margin was 17.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Ramco Industries's market cap? Ramco Industries Ltd's market capitalisation is ₹2,522 Cr at a share price of ₹290.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ramco Industries performing? Ramco Industries Ltd's share price has been rising for 17 weeks. In its latest quarter, revenue rose 15.4% and profit rose 31.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 8 weeks running (as of 3 November 2026). ### Will Ramco Industries's share price go up? This page does not forecast Ramco Industries Ltd's share price. What it shows instead: the share price is ₹290.70, and it has been rising for 17 weeks. Its P/E of 8.0× is higher than 17% of its own last 11 years (as of 3 November 2026). ### Who owns Ramco Industries? Promoters own 54.8% of Ramco Industries Ltd, foreign institutions 0.7%, domestic institutions 3.3% and the public 41.1% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Ramco Industries in its business cycle? Ramco Industries Ltd's FY26 operating margin was 13.0%, against a 13-year range of 8.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ramco Industries story? The main question: yearly earnings per share moved +69.2% while the share price moved −17.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ramco Industries a stock worth studying right now? What the numbers show: Ramco Industries Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 17% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ramco Industries share price forecast for 2026? What is changing at Ramco Industries, from the latest results and calls: earnings rebound. What would change the story: Sustained volume-led growth in the core cement products business accompanied by a reversal in the working capital bloat, specifically a reduction in inventory days back toward the 200-day historical average. This is research, not advice. We’re not SEBI-registered.