Ramaraju Surgical Cotton Mills Ltd
Ramco-group spinning mill and India's oldest surgical-cotton maker, with wind-power assets and group investments.
Market cap
₹92.82 Cr
0.39 Cr shares
P/E ratio
30.95
Sector average 20
Book value
₹592.31
P/B 0.40
1-year return
-11.89%
52w ₹210 – ₹320
Currently 25% of the way through its 52-week range.
Indicative price history
1Y change
-12.92% ₹273 → ₹238
52-week band in this window: ₹233.10 – ₹273.30. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Founding Ramco-group company, incorporated 1939, and India's oldest surgical-cotton maker.
- Revenue around ₹500 Cr with thin, cyclical margins and a loss in FY24 (estimates).
- Chairman P.R. Venketrama Raja; MD P.V. Abinav Ramasubramaniam Raja.
About Ramaraju Surgical
The Ramaraju Surgical Cotton Mills Ltd (RSCM), Rajapalayam, is one of the founding companies of the Ramco group and the country's oldest producer of absorbent surgical cotton. Today most of its revenue comes from cotton and blended yarn spun at units around Rajapalayam and Andipatti, with surgical dressings, a small weaving operation and wind-energy generation making up the rest. It also holds long-standing investments in other Ramco group companies.
Revenue has run at roughly ₹450-550 Cr a year through the cotton cycle, but margins are thin: high cotton prices and weak yarn realisations pushed the mill to losses in FY24, and profitability remains marginal. Net worth of a few hundred crore and inter-group holdings support the balance sheet, while borrowings fund working capital and modernisation.
The company was formerly listed on the Madras Stock Exchange and now trades only in the unlisted market. Shareholding is dominated by the Ramco promoter family and group companies, with a long tail of public holders from the original listing. P.R. Venketrama Raja chairs the board and P.V. Abinav Ramasubramaniam Raja is Managing Director.
Data-quality note: this profile was compiled without live web verification because the research session's search budget was exhausted before this company was reached. Registry identifiers are left blank, the director list is limited to publicly known names, and all financial line items are reconstructed around approximate totals from analyst recall rather than reported figures. Line items are reconstructed around reported totals; treat them as approximate and verify against MCA filings before relying on them.
Where the revenue comes from
- Cotton and blended yarn85%
Spinning units around Rajapalayam and Andipatti
- Surgical cotton and dressings8%
Absorbent cotton, gauze and bandages
- Wind power and other7%
Captive and merchant wind generation in Tamil Nadu
Products & services
Cotton and blended yarn
Combed and carded yarns for domestic weavers and export.
Surgical cotton and dressings
Absorbent cotton wool, gauze and bandages.
Wind energy
Wind farms in Tamil Nadu supplying captive power.
What works
- • Part of the Ramco group with 80+ years of operating history and group-company investments on the balance sheet.
- • Integrated spinning capacity with captive wind power lowering energy costs.
- • Surgical-cotton niche with hospital and pharma customers.
What to watch
- • Commodity yarn business with thin, cyclical margins and recent losses.
- • Working-capital-heavy with meaningful bank borrowings.
- • Small free float and irregular unlisted trading; the number of shares used here is unverified, so valuation ratios may be off.