Ramky Infrastructure Limited is a flagship company of the Ramky Group, engaged in the business of construction, infrastructure development, and management. The company was incorporated in 1994 and is headquartered in Hyderabad, India. Since the incorporation of its business in 1994, the Company has completed a wide range of construction and infrastructure projects focusing on Industrial Infrastructure development and EPC projects in the fields of Water, Wastewater Treatment, Roads, Bridges, and Urban Infrastructure Development. With a highly skilled team of over 2000 people, headquartered in Hyderabad, Telangana, it manages its business operations in India & overseas markets.
The company operates as an integrated construction and infrastructure development firm, serving diverse sectors across India. Ramky Infrastructure Limited is an infrastructure development-centric, environment-concerned, and development-oriented company. Ramky is ISO 9001:2015 (QMS), ISO 14001:2015(EMS), and ISO 45001:2017 (OHS) certified for Quality Management Systems, Environment Management Systems, and Occupational Health & Safety Management Systems.
Ramky Infrastructure operates through two primary business segments that drive its revenue growth. The Construction Business accounts for 72% of revenue in FY24 compared to approximately 64% in FY23. The Construction business segment, which accounts for the majority of revenue, undertakes various projects such as water and wastewater projects, irrigation projects, industrial construction projects, transportation projects, building construction projects, and power transmission and distribution projects.
The Developer business segment includes industrial parks, transportation, integrated townships, and energy. The Construction business segment is engaged in engineering, procurement and construction contracts. The Developer business segment is engaged in the construction and development of real estate properties.
The company's diverse project portfolio spans across multiple infrastructure sectors. Ramky Infrastructure undertakes projects in water and waste water, irrigation, industrial, transportation, power transmission and power distribution sectors. It also undertakes industrial construction projects comprising industrial parks, SEZs, and related 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, integrated townships projects, and related infrastructure facilities.
The company has a market capitalization of ₹3,799 Crore. Ramky Infrastructure reported FY25 audited results with net profit of ₹2,105 million, though no dividend was declared. For Q1 FY 2024-25, Ramky Infrastructure Limited reported consolidated revenues of INR 5,691.27 Million, reflecting a year-on-year improvement compared to INR 5,567.96 Million in Q1 FY 2023-24. The company's profit before tax stood at INR 1,105.98 Million, while profit after tax was INR 709.75 Million.
The company has demonstrated strong operational improvements over recent years. The company has delivered good profit growth of 24.5% CAGR over the last 5 years and working capital requirements have reduced from 29.5 days to 18.5 days. The company has reduced debt. However, the company has delivered a poor sales growth of 8.07% over the past five years.
Ramky Infrastructure has received significant industry recognition for its performance and growth. The company was recognized as the "3rd Fastest Growing Construction Company under Medium Category" at the prestigious 22nd Construction World Global Awards 2024. The award was received by Y. R. Nagaraja, Managing Director of Ramky Infrastructure Limited, during the event held on October 9, 2024, at the Jio Convention Centre in Mumbai.
The company has also secured significant new contracts that demonstrate its market position. Ramky Infrastructure Limited has announced the receipt of a Letter of Acceptance (LoA) for a significant ₹215.08 Crore project from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The project is valued at ₹215.08 Crore, exclusive of taxes. The awarded project involves the manning, operation and maintenance of sewage treatment plants (STPs) and associated interception and diversion systems within the jurisdiction of HMWSSB. This contract spans five years and aims to optimize the management of wastewater systems in the Hyderabad region.
Based on the latest available data, Ramky Infrastructure presents the following financial profile:
- Market Capitalization: ₹3,799 Crore (as of May 2025)
- Net Profit FY25: ₹2,105 million
- Revenue Growth: 8.07% CAGR over 5 years
- Profit Growth: 24.5% CAGR over 5 years
- Return on Equity: 13.8% over last 3 years
- Promoter Holding: 69.81% (as of March 2025)
The P/E ratio of Ramky Infrastructure Ltd is 12.46 times as on May 2, 2025, representing a 42% discount to its peers' median range of 21.50 times. The P/B ratio of Ramky Infrastructure Ltd is 1.69 times as on May 2, 2025, representing a 35% discount to its peers' median range of 2.61 times.
As per Value Research classification, it is a Small Cap company. The company operates in the infrastructure sector, which is crucial for India's economic development. Its strong presence in water and wastewater management, along with diverse construction capabilities, positions it well for future growth opportunities in India's infrastructure development plans.
The company's recent contract wins and industry recognition demonstrate its competitive position in the market. However, investors should consider the company's modest revenue growth alongside its strong profit growth when evaluating the investment opportunity. The company's focus on operational efficiency improvements and debt reduction indicates management's commitment to strengthening the business fundamentals.
