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Ramco IndustriesNSE:RAMCOIND -1.47%72 Debt-to-Equity is 0.04 as of Mar. 2026, which is 33% below its 10-year median of 0.06. GuruFocus rates NSE:RAMCOIND with a GF Score™ of 72/100 and a GF Value™ of ₹258.40 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,610 Construction companies, Ramco Industries ranks better than 90.75% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ramco Industries's Debt-to-Equity or its related term are showing as below:
NSE:RAMCOIND'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.12
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of Ramco Industries was 0.12. The lowest was 0.04. And the median was 0.06.
NSE:RAMCOIND's Debt-to-Equity is ranked better than 90.75% of 1610
companies
in the Construction industry
Industry Median: 0.41
vs NSE:RAMCOIND: 0.04
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ramco Industries Debt-to-Equity Related Terms
Ramco Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ramco Industries's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:RAMCOIND vs TT, JCI, CARR: Debt-to-Equity Comparison
For the Building Products & Equipment subindustry, Ramco Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ramco Industries Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Ramco Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ramco Industries's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ramco Industries (NSE:RAMCOIND) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ramco Industries and its competitors. This is 33% below median its historical median of 0.06. Over the past decade, Ramco Industries' Debt-to-Equity has ranged from 0.04 to 0.12. According to the industry distribution chart, Ramco Industries ranks #149 out of 1610 companies in the Construction industry, placing it in the top 9.3%.
Is Ramco Industries' Debt-to-Equity too high?
Ramco Industries' current Debt-to-Equity of 0.04 is 33% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.12. The Construction industry median Debt-to-Equity is 0.41. Ramco Industries' value of 0.04 is 90.2% below this industry median. Based on the distribution chart, Ramco Industries ranks #149 out of 1610 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Ramco Industries has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramco Industries' Debt-to-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Ramco Industries ranks #149 out of 1610 companies for Debt-to-Equity. This places Ramco Industries in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.41. Ramco Industries' value of 0.04 is 90.2% below this benchmark. Historically, Ramco Industries' own Debt-to-Equity has ranged from 0.04 to 0.12 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.41, Ramco Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,610 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramco Industries's current Debt-to-Equity of 0.04 is 90.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ramco Industries and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Industries's current Debt-to-Equity is 0.04, which is 33% below median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Industries stock overvalued right now?
Based on GuruFocus' analysis, Ramco Industries (NSE:RAMCOIND) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹258.40, compared to a current price of ₹329.15 — trading 27.4% above its estimated fair value. The current Debt-to-Equity is 0.04, which is 33% below median its 10-year median of 0.06 and 90.2% below the Construction industry median of 0.41. Ramco Industries' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ramco Industries (NSE:RAMCOIND), the current Debt-to-Equity is 0.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ramco Industries (NSE:RAMCOIND) Overvalued in 2026?
Based on GuruFocus' analysis, Ramco Industries stock appears to be overvalued.
The current stock price of ₹329.15 is trading 27.4% above its estimated GF Value™ of ₹258.40.
GuruFocus considers Ramco Industries to be Modestly Overvalued.
Key valuation signals for NSE:RAMCOIND:
Debt-to-Equity: 0.04 (33% below median its 10-year median of 0.06)
GF Value™: ₹258.40 vs. price of ₹329.15 (27.4% above fair value)
Industry Position: 90.2% below the Construction median (#149 of 1610)
No single metric tells the full story. See the NSE:RAMCOIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramco Industries Ltd produces fiber cement sheets and cotton yarn in India. The company is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). It operates through three segments namely building products, textiles, and wind power generation. The company generates maximum revenue from the building products segment. Geographically, it operates only in India.
72GF Score
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