Ramky Infrastructure Limited (RAMKY) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Ramky Infrastructure Limited ₹388, price ₹275, upside +41.2%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Ramky Infrastructure Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹125.70 – ₹992.10 · fair‑value band ₹240.12 – ₹667.10 · the ₹274.60 price screens below the ₹387.68 fair value. Dashed = 300-day average. As of Sep 27, 2026.
Follow Ramky Infrastructure in your weekly email
Every Wednesday you see whether Ramky Infrastructure is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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, residential, public, institutional, corporate buildings, mass housing projects, healthcare infrastructure, high-rise, integrated townships projects, and related infrastructure facilities, including hospitals and shopping malls; and power transmission and distribution projects comprising electricity transmission networks, substations, feeder lines, and high and low tension distribution lines. Further, the company develops various development projects based on public-private partnership comprising transportation and transportation terminals, industrial parks and industrial solutions, urban water and waste water management solutions, urban solutions, and integrated townships. Ramky Infrastructure Limited was incorporated in 1994 and is based in Hyderabad, India.
Stock analysis
Ramky Infrastructure Limited (RAMKY) currently trades at ₹274.60, while our model-based Fair Value estimate is ₹387.68, implying the stock looks roughly 29.2% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,793 per share, and 12 of the 17 models we run sit above the ₹274.60 price.
Bear case: the Economic Profit group reads lowest at ₹105.77, and 5 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹240.12 (bear) to ₹667.10 (bull), the price of ₹274.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹28.2B (≈ $293M) · P/E ratio 7.0 · P/S ratio 1.03 · EPS (TTM) ₹39.18 · Dividend yield 0.2% · Net margin 14.7% · Return on equity 13.4% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 41%, RAMKY screens cheaper than that median.
Fair Value models
Bear ₹240.12Fair Value ₹387.68Bull ₹667.10
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹19.86 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2021 (pandemic). Over 10 years: −1.0% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+66.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+65.9%
Dividend (yield on the price)0.2%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 9%
⚠ Revenue per share shrinking 1.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Ramky Infrastructure Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 785 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+41.2% · Above median
Profitability
Return on equity (TTM)13.4% · Above median
Return on assets2.6% · Above median
Net margin (TTM)14.7% · Top 25%
Operating margin (TTM)−3.6% · Bottom 25%
Growth and dividend
Revenue growth3.6% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Ramky Infrastructure Limited (RAMKY) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹387.68 versus a price of ₹274.60, about +41% upside (undervalued).
What is the fair value of RAMKY?
Our model-based fair value for Ramky Infrastructure Limited is ₹387.68 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹274.60.
What is the quality score of RAMKY?
Ramky Infrastructure Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ramky Infrastructure Limited (RAMKY)?
Our model-based price target is the fair value of ₹387.68 (as of Sep 27, 2026) from 17 valuation models. Cautious scenario ₹240.12, optimistic scenario ₹667.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Ramky Infrastructure Limited stock forecast for 2026?
Our models put fair value at ₹387.68, about +41% upside versus a price of ₹274.60 (undervalued). Cautious scenario ₹240.12, optimistic scenario ₹667.10. The calculation is refreshed regularly with new filings.
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 Sep 27, 2026).
Does Ramky Infrastructure Limited pay a dividend?
Ramky Infrastructure Limited currently shows a dividend yield of about 0.16% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Ramky Infrastructure Limited (RAMKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ramky Infrastructure Limited it is ₹387.68 per share (as of Sep 27, 2026), against a price of ₹274.60. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Ramky Infrastructure Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, RAMKY trades below its calculated fair value: price ₹274.60, fair value ₹387.68, a gap of about +41% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RAMKY?
No. The price is what the market pays today (₹274.60); the fair value is what the company's own numbers justify (₹387.68). For Ramky Infrastructure Limited the two are ₹113.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ramky Infrastructure Limited worth?
The market values Ramky Infrastructure Limited at about ₹28.2B (market capitalisation, as of Sep 27, 2026). Per share that is ₹274.60; our models calculate a fair value of ₹387.68 per share.
What do the bullish and bearish scenarios say about RAMKY?
Our models span a range for Ramky Infrastructure Limited: cautious scenario ₹240.12, base ₹387.68, optimistic ₹667.10 per share (as of Sep 27, 2026, price ₹274.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RAMKY?
Ramky Infrastructure Limited trades at a price-to-earnings ratio of 7.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹387.68 is built from several models across several years. Other multiples: P/B 1.3, P/S 1.5, EV/EBITDA 12.6.
How solid is the balance sheet of Ramky Infrastructure Limited (RAMKY)?
Balance-sheet figures for Ramky Infrastructure Limited (as of Sep 27, 2026): return on equity 13.4%, debt of 0.16 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is RAMKY from its 52-week high?
Ramky Infrastructure Limited trades at ₹274.60, about 58% below its 52-week high of ₹649.50 and at the low of ₹274.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹387.68 is for.
Which stocks are comparable to Ramky Infrastructure Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ramky Infrastructure Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹274.60, calculated fair value ₹387.68 (+41%), Quality Score 44/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RAMKY calculated?
We run Ramky Infrastructure Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹387.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Ramky Infrastructure Limited currently trades 29 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ramky Infrastructure Limited (RAMKY)?
The closing price on Oct 1, 2026 was ₹274.60. Our model-based fair value is ₹387.68, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ramky Infrastructure Limited right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (₹240.12 to ₹667.10). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Ramky Infrastructure Limited
How large is the market capitalisation of Ramky Infrastructure Limited (RAMKY)?
The market capitalisation of Ramky Infrastructure Limited is ₹28.2B (≈ $293M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ramky Infrastructure Limited (RAMKY)?
The price-to-sales ratio of Ramky Infrastructure Limited is 1.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ramky Infrastructure Limited (RAMKY)?
Earnings per share at Ramky Infrastructure Limited are ₹39.18 (price ÷ EPS = P/E 7.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ramky Infrastructure Limited (RAMKY)?
The dividend yield of Ramky Infrastructure Limited is 0.2% (payout 1.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ramky Infrastructure Limited (RAMKY)?
The net margin of Ramky Infrastructure Limited is 14.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ramky Infrastructure Limited (RAMKY)?
The return on equity (ROE) of Ramky Infrastructure Limited is 13.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ramky Infrastructure Limited (RAMKY)?
On an EBIT basis the return on assets of Ramky Infrastructure Limited is 7.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ramky Infrastructure Limited (RAMKY)?
The operating margin of Ramky Infrastructure Limited is −3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ramky Infrastructure Limited (RAMKY)?
Revenue at Ramky Infrastructure Limited is growing +3.6% versus a year earlier (3y avg +2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ramky Infrastructure Limited (RAMKY)?
Earnings per share at Ramky Infrastructure Limited are growing +39.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ramky Infrastructure Limited (RAMKY) generate?
The free cash flow of Ramky Infrastructure Limited is −₹3.5B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ramky Infrastructure Limited (RAMKY) carry?
The net debt of Ramky Infrastructure Limited is ₹3.2B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Ramky Infrastructure Limited in the live analysis
One click puts Ramky Infrastructure Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
