Ramco Industries Limited (RAMCOIND) - Net Assets

Latest as of March 2026: Rs45.22 Billion INR ≈ $489.04 Million USD

Based on the latest financial reports, Ramco Industries Limited (RAMCOIND) has net assets worth Rs45.22 Billion INR (≈ $489.04 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs49.77 Billion ≈ $538.24 Million USD) and total liabilities (Rs4.55 Billion ≈ $49.21 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RAMCOIND goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs45.22 Billion
% of Total Assets	90.86%
Annual Growth Rate	16.16%
5-Year Change	20.3%
10-Year Change	66.49%
Growth Volatility	64.87

Ramco Industries Limited - Net Assets Trend (2005–2026)

This chart illustrates how Ramco Industries Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Ramco Industries Limited to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ramco Industries Limited (2005–2026)

The table below shows the annual net assets of Ramco Industries Limited from 2005 to 2026. For live valuation and market cap data, see Ramco Industries Limited market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs45.22 Billion ≈ $489.04 Million	+6.83%
2025-03-31	Rs42.33 Billion ≈ $457.75 Million	+4.23%
2024-03-31	Rs40.61 Billion ≈ $439.17 Million	+4.55%
2023-03-31	Rs38.84 Billion ≈ $420.04 Million	+3.33%
2022-03-31	Rs37.59 Billion ≈ $406.51 Million	+7.89%
2021-03-31	Rs34.84 Billion ≈ $376.78 Million	+8.56%
2020-03-31	Rs32.09 Billion ≈ $347.09 Million	+5.15%
2019-03-31	Rs30.52 Billion ≈ $330.08 Million	+5.78%
2018-03-31	Rs28.85 Billion ≈ $312.05 Million	+6.24%
2017-03-31	Rs27.16 Billion ≈ $293.73 Million	+7.65%
2016-03-31	Rs25.23 Billion ≈ $272.86 Million	+312.87%
2015-03-31	Rs6.11 Billion ≈ $66.09 Million	+17.12%
2014-03-31	Rs5.22 Billion ≈ $56.43 Million	-1.01%
2013-03-31	Rs5.27 Billion ≈ $57.01 Million	+12.30%
2012-03-31	Rs4.69 Billion ≈ $50.76 Million	+15.67%
2011-03-31	Rs4.06 Billion ≈ $43.89 Million	+14.23%
2010-03-31	Rs3.55 Billion ≈ $38.42 Million	+16.55%
2009-03-31	Rs3.05 Billion ≈ $32.96 Million	+16.14%
2008-03-31	Rs2.62 Billion ≈ $28.38 Million	+10.36%
2007-03-31	Rs2.38 Billion ≈ $25.72 Million	+7.01%
2006-03-31	Rs2.22 Billion ≈ $24.03 Million	+14.22%
2005-03-31	Rs1.95 Billion ≈ $21.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ramco Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs86.80 Million	0.19%
Other Components	Rs45.13 Billion	99.81%
Total Equity	Rs45.22 Billion	100.00%

Ramco Industries Limited Competitors by Market Cap

The table below lists competitors of Ramco Industries Limited ranked by their market capitalization.

Company	Market Cap
Shenzhen Institute of Building Research Co Ltd Class A SHE:300675	$275.14 Million
NI Holdings Inc NASDAQ:NODK	$275.19 Million
First Community Corporation NASDAQ:FCCO	$275.27 Million
Satin Creditcare Network Limited NSE:SATIN	$275.28 Million
OVB Holding AG XETRA:O4B	$275.06 Million
Veedol Corporation Limited NSE:VEEDOL	$275.03 Million
Xuchang Ketop Testing Research Ins SHE:003008	$275.00 Million
Blue Foundry Bancorp NASDAQ:BLFY	$274.88 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ramco Industries Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 42,326,900,000 to 45,219,900,000, a change of 2,893,000,000 (6.8%).
Net income of 3,062,600,000 contributed positively to equity growth.
Dividend payments of 86,800,000 reduced retained earnings.
Other comprehensive income decreased equity by 23,229,057,000.
Other factors increased equity by 23,146,257,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs3.06 Billion	+6.77%
Dividends Paid	Rs86.80 Million	-0.19%
Other Comprehensive Income	Rs-23.23 Billion	-51.37%
Other Changes	Rs23.15 Billion	+51.19%
Total Change	Rs-	6.83%

Book Value vs Market Value Analysis

This analysis compares Ramco Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.56x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 13.05x to 0.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs22.45	Rs292.95	x
2006-03-31	Rs25.64	Rs292.95	x
2007-03-31	Rs27.99	Rs292.95	x
2008-03-31	Rs30.28	Rs292.95	x
2009-03-31	Rs35.17	Rs292.95	x
2010-03-31	Rs40.97	Rs292.95	x
2011-03-31	Rs46.82	Rs292.95	x
2012-03-31	Rs54.15	Rs292.95	x
2013-03-31	Rs60.82	Rs292.95	x
2014-03-31	Rs60.21	Rs292.95	x
2015-03-31	Rs70.52	Rs292.95	x
2016-03-31	Rs385.97	Rs292.95	x
2017-03-31	Rs325.04	Rs292.95	x
2018-03-31	Rs345.40	Rs292.95	x
2019-03-31	Rs365.35	Rs292.95	x
2020-03-31	Rs384.20	Rs292.95	x
2021-03-31	Rs417.15	Rs292.95	x
2022-03-31	Rs450.21	Rs292.95	x
2023-03-31	Rs464.38	Rs292.95	x
2024-03-31	Rs486.48	Rs292.95	x
2025-03-31	Rs488.76	Rs292.95	x
2026-03-31	Rs522.16	Rs292.95	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ramco Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 6.77%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.09%
• Asset Turnover: 0.36x
• Equity Multiplier: 1.10x
Recent ROE (6.77%) is below the historical average (9.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	15.47%	12.67%	0.66x	1.84x	Rs106.51 Million
2006	15.79%	11.73%	0.57x	2.35x	Rs128.76 Million
2007	11.49%	7.57%	0.68x	2.23x	Rs36.09 Million
2008	11.30%	7.27%	0.66x	2.34x	Rs34.12 Million
2009	14.05%	8.97%	0.71x	2.22x	Rs123.36 Million
2010	15.45%	10.11%	0.76x	2.02x	Rs193.45 Million
2011	14.95%	9.02%	0.85x	1.96x	Rs200.95 Million
2012	16.38%	9.74%	0.91x	1.84x	Rs299.45 Million
2013	12.80%	7.42%	0.81x	2.13x	Rs147.44 Million
2014	-0.59%	-0.38%	0.78x	2.01x	Rs-552.58 Million
2015	14.74%	10.07%	0.77x	1.91x	Rs289.47 Million
2016	7.63%	22.26%	0.28x	1.21x	Rs-598.73 Million
2017	7.54%	23.47%	0.27x	1.20x	Rs-668.41 Million
2018	6.10%	18.89%	0.28x	1.15x	Rs-1.13 Billion
2019	5.65%	16.73%	0.30x	1.13x	Rs-1.33 Billion
2020	5.28%	17.41%	0.26x	1.16x	Rs-1.51 Billion
2021	8.00%	23.05%	0.30x	1.14x	Rs-696.49 Million
2022	8.06%	20.79%	0.34x	1.14x	Rs-730.39 Million
2023	3.19%	8.54%	0.33x	1.15x	Rs-2.64 Billion
2024	2.60%	7.07%	0.33x	1.13x	Rs-3.00 Billion
2025	4.27%	10.96%	0.35x	1.13x	Rs-2.42 Billion
2026	6.77%	17.09%	0.36x	1.10x	Rs-1.46 Billion

Industry Comparison

This section compares Ramco Industries Limited's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $3,044,684,047
Average return on equity (ROE) among peers: 15.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ramco Industries Limited (RAMCOIND)	Rs45.22 Billion	15.47%	0.10x	$275.13 Million
Ahlada Engineers Limited (AHLADA)	$1.19 Billion	8.56%	0.95x	$5.58 Million
Apollo Pipes Limited (APOLLOPIPE)	$3.51 Billion	12.65%	0.41x	$232.89 Million
Aro Granite Industries Limited (AROGRANITE)	$1.23 Billion	9.18%	1.03x	$4.18 Million
Beardsell Limited (BEARDSELL)	$587.67 Million	14.45%	1.51x	$12.46 Million
Bigbloc Construction Limited (BIGBLOC)	$229.81 Million	12.73%	1.90x	$75.01 Million
Blue Star Limited (BLUESTARCO)	$2.64 Billion	66.06%	3.47x	$3.79 Billion
Cera Sanitaryware Limited (CERA)	$1.80 Billion	25.74%	1.12x	$858.90 Million
Electrosteel Castings Limited (ELECTCAST)	$11.97 Billion	4.63%	1.01x	$541.12 Million
Everest Industries Limited (EVERESTIND)	$4.53 Billion	2.99%	0.88x	$65.65 Million
Exxaro Tiles Limited (EXXARO)	$2.77 Billion	-0.04%	0.77x	$32.76 Million

About Ramco Industries Limited

NSE:RAMCOIND India Building Products & Equipment

Market Cap

$275.13 Million

Rs25.44 Billion INR

Market Cap Rank

#15337 Global

#774 in India

Share Price

Rs292.95

Change (1 day)

-1.43%

52-Week Range

Rs233.80 - Rs391.30

All Time High

Rs391.30