At a Glance
Ramco Industries (RIL) just dropped its Q1 FY26 results like a quiet ninja. Revenue hit ₹527 Cr (+3% YoY), while PAT skyrocketed to ₹66 Cr (+66% YoY). Margins improved to 13% OPM, and EPS jumped to ₹7.56. Stock at ₹284 trades at just 0.58x book value – a valuation screaming, “I’m cheap, but am I worth it?”
Introduction
This is not the Ramco that makes cement or ERP software. This is the sibling making fiber cement sheets, calcium silicate boards, and windmill power. Boring? Maybe. Profitable? Definitely showing signs. With a market cap of ₹2,461 Cr but investments worth ₹5,215 Cr, this stock is basically holding assets richer than its own valuation. If undervaluation had a face, this would be it.
Business Model (WTF Do They Even Do?)
Ramco Industries operates in:
- Building Materials: Fiber cement sheets & boards – boring but essential.
- Textiles: Cotton yarn spinning – side hustle.
- Power: Selling surplus wind energy – green bonus.
- Software: Minor contribution, but hey, diversification!
Their moat? Established brand in rural roofing & steady demand in the construction ecosystem.
Financials Overview
Q1 FY26 Highlights:
- Revenue: ₹527 Cr (-3% YoY)
- Operating Profit: ₹68 Cr (OPM 13%)
- Net Profit: ₹66 Cr (+66% YoY)
- EPS: ₹7.56
The YoY profit surge comes from better margins and cost control despite
