The Ramco Cements Ltd

₹ 1,055 -2.55%

23 Jan - close price

ramcocements.in BSE: 500260 NSE: RAMCOCEM

About

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]

Key Points

Product Offerings
The company produces 13 types of cement for different uses and 8 construction chemicals.^[1]
It also manufactures and sells dry mix products and ready mix concrete (RMC) ^[2]

Website BSE NSE

Market Cap ₹ 24,929 Cr.
Current Price ₹ 1,055
High / Low ₹ 1,209 / 788
Stock P/E 132
Book Value ₹ 320
Dividend Yield 0.19 %
ROCE 4.77 %
ROE 1.42 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 3.30 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.

Peer comparison

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE 500 Nifty 500 BSE MidCap Nifty Smallcap 100 BSE Allcap BSE Commodities BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE Momentum Index Nifty MidSmallcap 400 Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Multicap Infrastructure 50:30:20 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	1,794	2,012	2,573	2,247	2,341	2,111	2,678	2,094	2,044	1,983	2,397	2,074	2,239
	1,606	1,729	2,161	1,903	1,935	1,714	2,259	1,773	1,730	1,704	2,078	1,676	1,851
Operating Profit	188	283	412	343	406	397	419	320	314	279	319	398	388
OPM %	10%	14%	16%	15%	17%	19%	16%	15%	15%	14%	13%	19%	17%
	7	9	11	7	12	7	14	8	10	199	23	6	7
Interest	55	61	77	93	117	102	104	113	120	113	113	105	111
Depreciation	122	136	141	150	163	180	154	168	170	175	183	184	183
Profit before tax	18	95	205	108	138	121	175	48	34	191	46	115	100
Tax %	30%	31%	26%	27%	27%	31%	26%	27%	27%	4%	46%	27%	24%
	4	51	151	74	72	82	129	37	26	182	26	85	78
EPS in Rs	0.13	2.18	6.38	3.15	3.05	3.58	5.46	1.57	1.09	7.72	1.16	3.60	3.27
Raw PDF

Upcoming result date: 9 February 2026

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	8,693
	3,120	2,935	2,504	2,759	3,310	4,117	4,241	3,733	4,713	6,971	7,811	7,284	7,310
Operating Profit	564	721	1,077	1,208	1,115	1,046	1,149	1,558	1,291	1,186	1,565	1,234	1,384
OPM %	15%	20%	30%	30%	25%	20%	21%	29%	22%	15%	17%	14%	16%
	63	85	75	40	32	25	34	30	28	33	39	241	235
Interest	189	196	184	105	61	53	73	88	113	241	416	460	442
Depreciation	306	251	305	286	294	300	317	357	402	506	646	695	725
Profit before tax	131	358	663	857	792	718	792	1,144	803	472	542	319	452
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	370
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	15.75
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:	-3%

Compounded Profit Growth
10 Years:	-8%
5 Years:	-30%
3 Years:	-51%
TTM:	-31%

Stock Price CAGR
10 Years:	10%
5 Years:	6%
3 Years:	17%
1 Year:	19%

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	Sep 2025
Equity Capital	24	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	7,537
	2,910	2,734	2,141	1,437	1,121	1,637	3,032	3,110	3,950	4,507	4,936	4,675	4,699
	1,476	1,646	1,670	1,838	1,936	2,029	2,099	2,613	2,589	3,224	4,095	4,213	4,317
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	16,576
	4,650	4,882	5,026	5,211	5,323	5,400	6,049	6,978	7,773	10,195	12,053	12,344	12,862
CWIP	354	263	147	120	175	853	1,840	2,355	3,034	1,987	1,378	1,386	1,067
Investments	283	358	327	210	240	259	276	307	297	273	319	90	56
	1,559	1,503	1,444	1,529	1,432	1,692	1,967	1,814	2,054	2,138	2,519	2,509	2,591
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	16,576

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%

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	42.29%	42.11%	42.11%	42.11%	42.29%	42.29%	42.29%	42.75%	42.55%	42.55%	42.55%	42.55%
	7.55%	7.95%	7.85%	7.94%	7.43%	7.38%	6.61%	6.88%	7.29%	8.43%	8.15%	7.98%
	32.46%	32.44%	33.37%	32.92%	32.24%	31.14%	30.87%	30.89%	30.14%	27.85%	28.48%	28.15%
	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%
	14.31%	14.11%	13.29%	13.64%	14.66%	15.81%	16.85%	16.10%	16.64%	17.77%	17.42%	17.94%
No. of Shareholders	54,638	47,897	47,105	46,993	56,327	76,165	76,447	63,101	62,360	56,972	57,838	56,029

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	42.30%	42.75%	42.75%	42.66%	42.54%	42.33%	42.29%	42.29%	42.55%	42.55%
	14.52%	13.12%	11.54%	8.91%	8.26%	7.63%	7.55%	7.43%	7.29%	7.98%
	18.88%	20.35%	23.05%	24.45%	23.23%	32.63%	32.46%	32.24%	30.14%	28.15%
	3.36%	3.40%	3.40%	3.40%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%
	20.94%	20.39%	19.27%	20.58%	22.57%	14.03%	14.31%	14.66%	16.64%	17.94%
No. of Shareholders	28,834	31,970	27,698	30,436	36,415	51,391	54,638	56,327	62,360	56,029

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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