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Ramky Infrastructure Limited (RAMKY) Fair Value & Analysis

Industrials · IN · Market cap ₹28.2B

RI Ramky Infrastructure Limited RAMKY · NSE
Price₹403.40
Fair Value₹533.68
Upside+32.3%
Quality42/100
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Evidence: High Range ₹292.66 – ₹1,015

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −7.3% over the past month.

Price vs Fair Value (12 months)

₹649.50 ₹399.00 Fair Value ₹533.68 Jul 2025 Jul 2026

12‑month range ₹399.00 – ₹649.50 · fair‑value band ₹292.66 – ₹1,015 · the ₹403.40 price screens below the ₹533.68 fair value. As of Jul 3, 2026.

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Analysis

Ramky Infrastructure Limited (RAMKY) currently trades at ₹403.40, while our model-based Fair Value estimate is ₹533.68 — implying the stock looks roughly 32.3% undervalued today. We read business quality at 42/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Ramky Infrastructure Limited generated revenue of ₹18.5B at a net margin of 14.7%. Revenue grew 3.6% year over year. It earns a return on equity of 13.4%. Net debt stands at ₹3.2B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹18.5B
Revenue growth (YoY) +3.6%
Net margin 14.7%
Return on equity 13.4%
Free cash flow −₹3.5B FY2026
P/E ratio 10.4
More key figures
Operating margin -3.6%
EPS (TTM) ₹39.18
EPS growth (YoY) +39.3%
Net debt ₹3.2B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Ramky Infrastructure Limited, together with its subsidiaries, provides integrated construction, infrastructure development, and management services primarily in India. The company operates through Construction Business and Developer Business segments. It constructs water and waste water projects, such as water treatment plants, water transmission and distribution systems, elevated and ground level service reservoirs, sewage treatment plants, common effluent treatment plants, tertiary treatment plants, underground drainage systems, and lake restorations. The company also engages in the irrigation projects, including cross-drainage works, lift irrigation projects, canals, feeder channels, and barrages. In addition, it undertakes industrial construction projects comprising industrial parks, SEZs, and related industrial infrastructure works; roads and bridges projects, such as expressways, highways, bridges, flyovers, rural roads, terminals, and dedicated service corridors; commercial, …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Ramky Infrastructure Limited reported revenue of ₹18.5B in FY2026 versus ₹14.6B in FY2022, a compound +6.1%/yr. Reported net income was ₹2.7B in FY2026, compounding +84.1%/yr from FY2022.

Revenue +6.1%/yr
FY22 ₹14.6B
FY23 ₹17.1B
FY24 ₹21.6B
FY25 ₹20.4B
FY26 ₹18.5B
Net income +84.1%/yr
FY22 ₹236M
FY23 ₹11.4B
FY24 ₹3.1B
FY25 ₹2.0B
FY26 ₹2.7B

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Similar stocks

6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Larsen & Toubro Limited LTOD $0.4110 $0.0100 -98%
Samsung C&T Corporation 028260 520,000 KRW 268,469 KRW -48%
China State Construction Engineering Corporation 601668 ¥4.65 ¥17.35 +273%
TopBuild Corp BLD 7,547 MXN 324.01 MXN -96%
Hyundai Engineering & Construction Co 000720 130,300 KRW 55,602 KRW -57%
United Integrated Services Co 2404 1,205 TWD 1,891 TWD +57%

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Frequently asked questions

Is Ramky Infrastructure Limited (RAMKY) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹533.68 versus a price of ₹403.40 — about +32% (undervalued). Model-based estimate, not financial advice.
What is the fair value of RAMKY?
Our model-based fair value for Ramky Infrastructure Limited is ₹533.68 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹403.40.
What is the quality score of RAMKY?
Ramky Infrastructure Limited has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ramky Infrastructure Limited (RAMKY)?
Ramky Infrastructure Limited reported trailing-twelve-month revenue of about ₹18.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of RAMKY?
The net profit margin of Ramky Infrastructure Limited is about 14.7%, meaning it keeps roughly 14.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.