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Bajaj
Ramaraju Surgical Cotton Mills ₹275 ▲ 0.0% 1M
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Ramaraju Surgical Cotton Mills Unlisted Shares

Textiles Cotton yarn, home textiles and surgical cotton

Ramaraju Surgical Cotton Mills, part of the Ramco Group, makes surgical cotton and healthcare products, cotton yarn, fabrics and home textiles from Rajapalayam in Tamil Nadu. Its standalone revenue from operations was ₹45,274.93 lakh in FY26.

Read the full company profile
Indicative price
As of 11 Nov 2026
₹275 ▲ 0.00% in 1 month
Key facts

Ramaraju Surgical Cotton Mills share details

Lot size
250 shares
Min. investment
₹68,750
Face value
₹10
Implied market cap
₹160 Cr
Shares outstanding
5,815,127
Founded
1939
Headquarters
Rajapalayam, Tamil Nadu
Website
ramarajusurgical.com
ISIN
INE328E01027
CIN
L17111TN1939PLC002302
Lock-in after IPO
6 months
Price history

Ramaraju Surgical Cotton Mills share price chart

1Y change
-3.51%
High
₹285
Low
₹275

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Ramaraju Surgical Cotton Mills

The Ramaraju Surgical Cotton Mills Limited is based in Rajapalayam, Virudhunagar district, Tamil Nadu, and belongs to the Ramco Group. It runs two businesses. The Surgical Division makes surgical cotton and related healthcare products at Rajapalayam and Perumalpatti. The Textile Division makes cotton yarn, greige fabrics and made-ups such as bedding and home textiles at Rajapalayam, Subramaniapuram, Perumalpatti and Thirumalagiri Village in Andhra Pradesh. The numbers below are standalone figures from the FY26 annual report. Revenue from operations was ₹45,274.93 lakh, up from ₹39,489.51 lakh in FY25. EBITDA was ₹3,147.67 lakh against ₹2,268.82 lakh. The company still made a loss after tax of ₹3,219.03 lakh in FY26 because finance cost (₹4,226.97 lakh) and depreciation (₹2,814.62 lakh) were larger than EBITDA. Exports of yarn, fabrics and made-ups were ₹193.73 crore, against ₹123.70 crore a year earlier. The company generates much of its own power. Its windmills have an installed capacity of 8.30 MW, it has a share in group captive solar of 8.50 MW, and own wind and solar met 85.06% of its power needs in FY26. It also holds stakes in group companies such as The Ramco Cements Limited, Ramco Industries Limited and Rajapalayam Mills Limited, which the annual report lists as associates. Subsidiaries include Madras Chipboard Limited and Taram Textiles, LLC in the United States. The promoter and promoter group hold 31,80,263 shares, or 54.69% of the company. The paid-up capital is 58,15,127 equity shares of ₹10 each. The company is already listed on the Metropolitan Stock Exchange of India, where trading is thin, and it has no IPO plans on record with us. Its shares also trade off-market in the unlisted space. IPO Guru shows an indicative price of ₹275 with a lot size of 250 shares. These prices are indicative, deals are done privately between buyers and sellers, and they can differ from what you actually get.

Strengths

  • Standalone revenue from operations grew to ₹45,274.93 lakh in FY26 from ₹39,489.51 lakh in FY25, with EBITDA rising to ₹3,147.67 lakh from ₹2,268.82 lakh.
  • Exports of cotton yarn, greige fabrics and made-ups rose to ₹193.73 crore from ₹123.70 crore, which shows demand from overseas home textile buyers.
  • Own windmills (8.30 MW) and group captive solar (8.50 MW) met 85.06% of power needs against 70.06% a year earlier, and power cost fell by 7.62%.
  • It runs a surgical products division alongside textiles, so not all revenue depends on the yarn cycle.
  • The company belongs to the Ramco Group, and the promoter group holds 54.69% of the shares.

Risks

  • The company made a standalone loss after tax of ₹3,219.03 lakh in FY26, and a loss before tax of ₹3,893.92 lakh.
  • Debt is heavy. The debt to equity ratio was 7.66 against 4.01 a year earlier, and total debt to EBITDA was 15.67 times.
  • Interest coverage was only 0.08 times, so operating earnings barely cover interest. Finance cost rose to ₹4,226.97 lakh from ₹3,755.75 lakh.
  • Cash flow from operations was negative at ₹5,857.04 lakh in FY26, and trade receivables rose to ₹15,732.90 lakh from ₹8,413.90 lakh because export customers get long credit.
  • Current borrowings rose to ₹31,724.09 lakh from ₹18,329.42 lakh, and the current ratio fell to 1.04 from 1.20.
  • Yarn prices fell faster than cotton prices in FY26, which squeezed margins for spinners across India. Exports are also exposed to freight and shipping disruptions.
  • Surgical Division revenue was flat and its EBITDA margin fell by 2% as the company spent on retail and institutional sales teams.
  • The company has related party dealings with group companies, including a ₹150 crore proposed material transaction with Rajapalayam Mills Limited.
  • Unlisted trading is thin and prices are indicative, so buyers may find it hard to exit at a fair price.
Financials

Ramaraju Surgical Cotton Mills financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 453 395
EBITDA (₹ Cr) 31.48 22.69
PAT (₹ Cr) -32.19 6.08
EBITDA Margin (%) 6.95 5.75
PAT Margin (%) -7.11 1.54
RoNW (%) -50.00 6.38
EPS (₹) -55.36 10.25
Total Assets (₹ Cr) 632 536
Net Worth (₹ Cr) 64.38 95.32

Swipe the table sideways for earlier years →

Leadership

Management team

P.R. Venketrama Raja
Chairman
Chairman of the board; B.Tech and M.B.A.
Nalina Ramalakshmi
Managing Director
Managing Director of the company.
N.R.K. Ramkumar Raja
Managing Director
Managing Director, proposed for re-appointment for three years from 14 February 2027.
N. Vijay Gopal
Chief Financial Officer
Chief Financial Officer; B.Com, FCA.
P. Muthukumar
Company Secretary
Company Secretary of the company.
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Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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