The Ramco Cements Ltd
Ramco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India.[1]
- Market Cap ₹ 24,680 Cr.
- Current Price ₹ 1,044
- High / Low ₹ 1,209 / 788
- Stock P/E 179
- Book Value ₹ 315
- Dividend Yield 0.19 %
- ROCE 4.77 %
- ROE 1.42 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.32 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.59% over past five years.
- Company has a low return on equity of 3.67% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,684 | 3,655 | 3,582 | 3,967 | 4,425 | 5,162 | 5,389 | 5,291 | 6,004 | 8,157 | 9,376 | 8,518 | 8,499 | |
| 3,120 | 2,935 | 2,504 | 2,759 | 3,310 | 4,117 | 4,241 | 3,733 | 4,713 | 6,971 | 7,811 | 7,284 | 7,189 | |
| Operating Profit | 564 | 721 | 1,077 | 1,208 | 1,115 | 1,046 | 1,149 | 1,558 | 1,291 | 1,186 | 1,565 | 1,234 | 1,310 |
| OPM % | 15% | 20% | 30% | 30% | 25% | 20% | 21% | 29% | 22% | 15% | 17% | 14% | 15% |
| 63 | 85 | 75 | 40 | 32 | 25 | 34 | 30 | 28 | 33 | 39 | 241 | 238 | |
| Interest | 189 | 196 | 184 | 105 | 61 | 53 | 73 | 88 | 113 | 241 | 416 | 460 | 450 |
| Depreciation | 306 | 251 | 305 | 286 | 294 | 300 | 317 | 357 | 402 | 506 | 646 | 695 | 711 |
| Profit before tax | 131 | 358 | 663 | 857 | 792 | 718 | 792 | 1,144 | 803 | 472 | 542 | 319 | 387 |
| Tax % | 13% | 32% | 20% | 24% | 29% | 29% | 24% | 33% | -11% | 28% | 27% | 16% | |
| 114 | 247 | 545 | 664 | 566 | 511 | 605 | 784 | 882 | 315 | 356 | 270 | 318 | |
| EPS in Rs | 4.81 | 10.34 | 22.90 | 27.84 | 23.95 | 21.68 | 25.65 | 33.22 | 37.30 | 13.31 | 15.23 | 11.54 | 13.57 |
| Dividend Payout % | 21% | 15% | 13% | 11% | 13% | 14% | 10% | 9% | 8% | 15% | 16% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -30% |
| 3 Years: | -51% |
| TTM: | -57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 5% |
| 3 Years: | 13% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 7% |
| 3 Years: | 4% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 2,435 | 2,602 | 3,109 | 3,772 | 4,089 | 4,513 | 4,978 | 5,708 | 6,595 | 6,837 | 7,214 | 7,418 |
| 2,910 | 2,734 | 2,141 | 1,437 | 1,121 | 1,637 | 3,032 | 3,110 | 3,950 | 4,507 | 4,936 | 4,675 | |
| 1,476 | 1,646 | 1,670 | 1,838 | 1,936 | 2,029 | 2,099 | 2,613 | 2,589 | 3,224 | 4,095 | 4,213 | |
| Total Liabilities | 6,846 | 7,006 | 6,944 | 7,071 | 7,169 | 8,203 | 10,132 | 11,455 | 13,157 | 14,592 | 16,270 | 16,329 |
| 4,650 | 4,882 | 5,026 | 5,211 | 5,323 | 5,400 | 6,049 | 6,978 | 7,773 | 10,195 | 12,053 | 12,344 | |
| CWIP | 354 | 263 | 147 | 120 | 175 | 853 | 1,840 | 2,355 | 3,034 | 1,987 | 1,378 | 1,386 |
| Investments | 283 | 358 | 327 | 210 | 240 | 259 | 276 | 307 | 297 | 273 | 319 | 90 |
| 1,559 | 1,503 | 1,444 | 1,529 | 1,432 | 1,692 | 1,967 | 1,814 | 2,054 | 2,138 | 2,519 | 2,509 | |
| Total Assets | 6,846 | 7,006 | 6,944 | 7,071 | 7,169 | 8,203 | 10,132 | 11,455 | 13,157 | 14,592 | 16,270 | 16,329 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 509 | 932 | 1,089 | 1,117 | 1,124 | 793 | 748 | 1,892 | 1,135 | 1,412 | 1,898 | 1,399 | |
| -571 | -477 | -261 | -280 | -490 | -1,202 | -1,921 | -1,779 | -1,816 | -1,694 | -1,911 | -542 | |
| 53 | -436 | -950 | -665 | -793 | 653 | 1,194 | -64 | 715 | 274 | -28 | -782 | |
| Net Cash Flow | -9 | 18 | -122 | 172 | -159 | 243 | 21 | 50 | 35 | -8 | -41 | 75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 38 | 48 | 51 | 37 | 35 | 36 | 26 | 21 | 21 | 33 | 31 |
| Inventory Days | 363 | 280 | 341 | 314 | 273 | 242 | 270 | 253 | 342 | 240 | 209 | 215 |
| Days Payable | 93 | 123 | 133 | 140 | 130 | 111 | 143 | 154 | 199 | 174 | 211 | 199 |
| Cash Conversion Cycle | 300 | 195 | 256 | 225 | 179 | 165 | 163 | 125 | 165 | 87 | 31 | 48 |
| Working Capital Days | -53 | -37 | -81 | -67 | -53 | -55 | -58 | -76 | -76 | -61 | -72 | -98 |
| ROCE % | 10% | 16% | 18% | 16% | 13% | 12% | 15% | 9% | 6% | 8% | 5% |
Documents
Announcements
- Closure of Trading Window 24 Oct
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Board Meeting Intimation for Board Meeting To Be Held On 05.11.2025 To Consider Unaudited Standalone And Consolidated Financial Results For The Quarter And Six Months Ended 30Th September 2025 And Scheme Of Amalgamation.
24 Oct - Board meeting 05-Nov-2025 to consider unaudited results (30-Sep-2025) and amalgamation of Ramco Windfarms; trading window closed till 07-Nov-2025.
-
Re-Lodgement Of Transfer Request Of Physical Shares
10 Oct - No physical share transfer requests re-lodged for September 2025.
-
CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATIONS
6 Oct - Reg.74(5) certificate for quarter ended 30.09.2025; NSDL demat 6,020, CDSL demat 9,320 shares.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Oct
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Aug 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
Product Offerings
The company produces 12 types of cement for different uses. [1]
It also manufactures and sells dry mix products and ready mix concrete (RMC) [2]