ramco industriesThe significant growth over the previous year underscores the company's resilience in navigating challenging market conditions. This impressive figure was bolstered by strong operational performance and strategic initiatives that have effectively streamlined costs, enhancing overall profitability. Revenue for the quarter also saw a substantial increase, driven by robust demand in key sectors and the successful introduction of innovative products.
Management remains optimistic about sustaining this upward trajectory, emphasizing ongoing investments in technology and talent. As the company looks ahead, it is poised to leverage its market position and capitalize on emerging opportunities, ensuring continued value creation for shareholders.
RAMCOIND trade ideas
Long Entry Above 273RAMCO Industries,
Testing the middle of channel, entry will be triggered once 15 minute candle close above middle of channel, ie 273 level. One can take this counter for a target of 285, 290, 300, 305, 310, 320.
Stop loss will be placed at 245 level on daily closing basis. After achieving 2% profit on deployed capital trail the stop loss above entry price, below the middle of channel
Holding period 5 trading session
Strength
• MACD Crossover Above Signal Line
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Company with Low Debt
• Increasing Revenue every quarter for the past 2 quarters
• Increasing profits every quarter for the past 2 quarters
• Book Value per share Improving for last 2 years
• Near 52 Week High
Weakness
• Promoters increased pledged shares QoQ
• Inefficient use of capital to generate profits - RoCE declining in the last 2 years
• Inefficient use of shareholder funds - ROE declining in the last 2 years
• Inefficient use of assets to generate profits - ROA declining in the last 2 years
• Annual net profit declining for last 2 years
Opportunities
• RSI indicating price strength
• High Volume, High Gain
Threat
• Increasing Trend in Non-Core Income
www.tradingview.com
ramco industriesRamco Industries Limited is part of the $1 billion Ramco Group with interests in Cement, Dry Wall & Ceiling products, Roofing products, Cotton yarn, Surgical cotton and Computer Software.
With many plants across South Asia and lots of strong partner network, the company is one of the leading building materials manufacturers in South Asia and has been at the forefront of innovation answering perplexing challenges with definitive solutions.
The company’s first plant to manufacture roofing sheets was set up at Arakkonam, Tamil Nadu in 1967. Apart from the Arakkonam plant, the company operates eight modern plants manufacturing high quality fibre cement roofing sheets in India today: Gangaikondan - Tamil Nadu, Karur - Karnataka, Maksi - Madhya Pradesh, Silvassa - UT of Dadra & Nagar Haveli, Kharagpur - West Bengal, Vijayawada - Andhra Pradesh, Anjar - Gujarat, Bihiya - Bihar. The present aggregate capacity for Fibre Cement Sheets manufacture in India is over lakhs of tons per annum.
The company introduced the Ramco Hilux Calcium Silicate Board, a versatile building material, using technology from the A & A Corporation, Japan. These boards are rapidly replacing conventional building materials such as Gypsum boards, Plywood & Plaster of Paris across the international markets by virtue of their sheer versatility. Several landmark and iconic structures that have stood the test of time bear the Hilux stamp of excellence, signifying stronger, safer and aesthetically appealing buildings. Ramco Hilux boards and tiles are manufactured at the world class plant at Keshwana, Rajasthan.
Business area of the company
The company is engaged in manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). The company’s segments are building products, textiles and power generation from wind mills. The company caters mainly to the domestic markets. The company is also engaged in sale of surplus electricity generated from its windmills after meeting its captive requirements.
Products
Ramco Hilux
Ramco Hicem
Ramco Greencor
Ramco Poweroof
Accessories
ramcoRamco Industries incorporated in 1967; is engaged in manufacturing of fibre cement sheets, fibre cement pressure pipes, calcium silicate boards, cement and plastic storage containers.
The company manufacturing facilities are located at Arakkonam (Tamil Nadu), Karur (Karnataka), Maksi (Madhya Pradesh),
Silvassa (UnionTerritory of Dadra and Nagar Haveli), Kharagpur (West Bengal), Vijayawada (Andhra Pradesh), Sinugra (Gujarat)
Ramco operates subsidiaries namely Sudharsanam Investments, India and Sri Ramco Lanka, Sri Lanka. The Company also conducts research and development activities in area of conventional and non-conventional fibres and production technology for manufacture of fibre cement sheets / calcium silicate boards.
Business division
Building Products- Ramco manufactures fibre cement roofing sheets, fibre cement roofing accessories, fibre cement pressure pipes and hilux calcium silicate boards.
Ramco Industries pressure pipe is used as water mains, sewerage pipes in pressure lines. Company’s production capacity Fibre Cement Pressure Pipe is 30 lakh tonnes per annum.Company’s calcium silicate board have applications in area of ceiling, panels, wall linings claddings and many more. Company’s production capacity of fibre cement sheet is 5 lakh tonnes per annum.
Under roofing accessories, company manufactures corrugated close fitting adjustable ridge, corrugated serrated adjustable ridge, ridge final, northlight two-piece adjustable ridge, apron piece, eaves filler piece, unserrated adjustable ridge for hips, plainwing adjustable ridge, one-piece plain angular ridge are among others.
Textile division- Sri Ramco Spinners is a division of Ramco Industries that produces world class high quality combed cotton yarn of 60s, 30s, 20s and 16s count for export to Europe, South East Asia and Japan. The mill has a total capacity of 26,208 spindles.
Power division- Ramco Industries produces wind energy that has total capacity of 14.90 MV. The Wind Farm sites are situated in Tirunelveli and Coimbatore Districts of Tamil Nadu, Kutch District in Gujarat, Chitra Durga District in Karnataka.
Outlook
The company plans to set up a new plant for manufacture of Fibre Cement Product with an Installed Capacity of 1,20,000 M.T. p.a. at SIPCOT Industrial Growth Centre, Gangaikondan, near Tirunelveli, Tamilnadu.