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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Ramky Infrastructure Limited is an India-based integrated construction, infrastructure development and management company. The Company's segments include Construction business, Developer business and Other segments. The Construction business segment is engaged in engineering,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced — but flagged on governance.
Ramky Infra is scored on the general / industrial framework. It keeps a healthy 13.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.32× reported profit. It throws off free cash worth 13.4% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 3%/yr and profit at -37%/yr. Book value has grown 12%/yr. Return on equity is a modest 10.4%. In the latest quarter profit fell 26% versus the prior quarter.
At 10× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~1%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: 55% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 11.08 | 22.44 | better |
| P/B | 1.25 | 2.58 | better |
| EV/EBITDA | 6.07 | 29.45 | better |
| ROE | 10.38 | 6.27 | better |
| ROCE | 12.38 | 29.51 | worse |
| ROA | 5.93 | 3.35 | better |
| Quick Ratio | 1.59 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue declined 8% in the latest year — a break from prior trajectory. 3% CAGR — growing but slowly.
Revenue is outpacing profit (3% vs -37%) — costs are rising faster than the top line. The latest year saw a +40% swing — check if it's a one-off or structural.
Operating margin has compressed from 74% to 17% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 13% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 61pp.
-38% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (5% spread) — a predictable, non-seasonal revenue stream.
Profit fell 26% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (14% → 7%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 69.8% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.