Ramky Infrastructure Ltd
Construction & Engineering
FV – Rs 10; 52wks H/L –121.85/51.8; TTQ – 61 K; CMP – Rs 102 (As On June 2nd 2017);
Market Cap – Rs 583 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 57.20 | 736 | 3245 | 2342 | 17.30 | 129 | 3.02 | 33.8 | 21.72 | 0.8 | 67.76 | 1.71 |
Standalone Financials and Valuations for Q3 FY17
Equity Capital |
Net worth |
Total Sales |
PAT | BV (Rs) |
TTM EPS (Rs) |
TTM P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 57.20 | 58 | 907 | -28.89 | 10 | -5.06 | – | 21.72 | 10.2 | 67.76 | 1.71 |
Valuation Parameters:
- Long Term Debt to Equity – 4.41
- ROE % – 2.4
- Market Cap/Sales – 0.2
The flagship company of the Ramky Group, Ramky Infrastructure Ltd. is one of the leading infrastructure companies in India with a wide sectorial presence.
Key Updates:
On 8th May 2017 Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode. http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ramky-infrastructure-wins-rs-337-crore-contract-from-nhai-in-jharkhand/articleshow/58576702.cms
State Advisory Board for Development of Kissans (SABDK) Monday asked RAMKY Infrastructure Ltd that is executing 4-lanning project of the Srinagar Jammu highway to instantly start dewatering operations of agricultural land and make functional the installed drainage system, so that farmers commence paddy plantation in time. http://kashmirreader.com/2017/05/09/ramky-infrastructure-asked-dewater-inundated-paddy-field-along-highway/
Overview:
- Ramky Infrastructure Limited is an construction, infrastructure development and management company.
- The Company operates through segments, including Construction business and Developer business.
- It operates the engineering, procurement, construction (EPC) business in the sectors, including water and waste water projects; roads and bridges projects; building construction; irrigation projects; industrial construction projects, and power transmission and distribution projects.
- The company’s water and wastewater projects include water treatment plants, water transmission and distribution systems and lake restorations, among others.
- Its roads and bridges projects include expressways, highways, bridges, flyovers, rural roads and terminals. Its building construction projects include commercial, residential, public, institutional, corporate buildings and mass housing, among others. Its irrigation projects include cross-drainage works.
Ramky Infra operates through the following 3 principal business modes:
- Engineering, Procurement & Construction (EPC) Business which is operated by the Company,
- Developer Business which is operated through 13 wholly owned subsidiaries, 6 Subsidiaries, 2 Jointly Controlled entities, 1 Association of person and 2 Associates & 3 step down subsidiaries of the Company. A majority of the development projects are Public Private Partnerships and are operated by separate special purpose vehicles (SPVs) promoted by the Company and other Companies/undertakings and
- International Business which is operated through 100% wholly own subsidiary ‘Ramky Engineering and Consulting Services’, located in Sharjah, UAE.
Management:
- Mr. Y. R. Nagaraja – CEO/MD
- Mr. I.W. Vijay Kumar – CFO
Major Non-Promoter Holdings:
| Sr.No | Non – Promoters | No. of Shares held | % of shares held |
| 1 | SA 1 Holding Infrastructure Company Pvt Ltd | 4165884 | 7.28 |
| 2 | Tara India Holdings A Ltd | 1821107 | 3.18 |
| 3 | Aadi Financial Advisors LLP | 1812898 | 3.17 |
| 4 | UTI MID Cap Fund | 1064830 | 1.86 |
| Total | 8864719 | 15.5 |
Consolidated Financial Trends (In Rs. Crs) :
| Particulars | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 57.2 | 57.2 | 57.2 | 57.2 | 57.2 | 57.2 |
| Networth | 736 | 802 | 1233 | 1559 | 1258 | 1065 |
| Total Debt | 3998 | 3377 | 3027 | 2568 | 1937 | 1130 |
| Net Sales | 2342 | 1706 | 2438 | 3821 | 3971 | 3234 |
| Other Income | 171 | 62 | 36 | 48 | 37 | 21 |
| PAT | 17.3 | -482.96 | -414.85 | 151.26 | 244.07 | 206.13 |
| Book Value (Rs) | 129 | 140 | 216 | 273 | 220 | 186 |
| EPS (Rs) | 3.02 | -84.43 | -72.53 | 26.44 | 42.67 | 36.04 |
The consolidated turnover of the company for 2015-16 is Rs. 2342 Crs has increased by 58% over the year, compared to Rs. 1644 Crs in 2014-15.
The consolidated Profit after Tax for 2015-16 is Rs. 17.30 Crs compared to consolidated loss of Rs. 482.96 Crs in 2014-15.
