Enter the machine using adb shell
Run cat /proc/partitions
  #  Path                     Purpose        Size
  0 /dev/block/mmcblk0                       7761920
  1 /dev/block/mmcblk0p1      data           6085631
  2 /dev/block/mmcblk0p2      bootloader     16384
  3 /dev/block/mmcblk0p3                     1
  5 /dev/block/mmcblk0p5      uboot          16384
  6 /dev/block/mmcblk0p6      kernel         16384
  7 /dev/block/mmcblk0p7      system         786432
  8 /dev/block/mmcblk0p8      misc           16384
  9 /dev/block/mmcblk0p9      recovery       32768
 10 /dev/block/mmcblk0p10     sysrecovery    16384
 11 /dev/block/mmcblk0p11     private        16384
 12 /dev/block/mmcblk0p12     Reserve0       16384
 13 /dev/block/mmcblk0p13     klog           32768
 14 /dev/block/mmcblk0p14     Reserve1       16384
 15 /dev/block/mmcblk0p15     Reserve2       655360
Dump the partition to a file using dd
dd if=/dev/block/mmcblk0p6 of=/data/kernel_ramfs.img
Extract it to your linux system adb pull /data/kernel_ramfs.img
Run sudo apt-get install abootimg
Run abootimg -i kernel_ramfs.img. It need to show
Android Boot Image Info:
* file name = kernel_ramfs.img
* image size = 16777216 bytes (16.00 MB)
  page size  = 2048 bytes
* Boot Name = ""
* kernel size       = 9797076 bytes (9.34 MB)
  ramdisk size      = 2017625 bytes (1.92 MB)
* load addresses:
  kernel:       0x40008000
  ramdisk:      0x41000000
  tags:         0x40000100
* empty cmdline
* id = 0x7c37c0d4 0xcefde745 0xe81b85ba 0xf05275ba 0xbe7de0ad 0x00000000 0x00000000 0x00000000
That means you dump the correct kernel+ramfs
abootimg -x kernel_ramfs.img
It will extract zImage and also initrd.img
mkdir initrd
cd initrd
cat ../initrd.img | gunzip | cpio -vid
Modify the ramdisk accordingly (e.g. you modify init.rc or add another additonal files) Then repack accordingly
cd initrd
find . | cpio --create --format='newc' | gzip > ../myinitrd.img
abootimg --create myboot.img -f bootimg.cfg -k zImage -r myinitrd.img
adb push myboot.img /data/myboot.img
adb shell dd if=mybootimg of=/dev/block/mmcblk0p6
Reboot - And pray for the best





Maybe You are taking image of kernel partition instead boot. Check if file has all zeros. If yes then its just kernel partition that is unused and left in for compatibility reasons.
Check your patririon layout because it will vary between devices, for me it is:
So I had to dump /dev/block/mtdblock2.
EDIT: Oh, and I'm connecting trough ssh using SimpleSSHD instead of adb.
EDIT2: Also you may be using original source from 2012. Check this patch for new devices:
johnstultz-work/abootimg@db11799