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 ₹ 18,847 Cr.
- Current Price ₹ 798
- High / Low ₹ 1,058 / 726
- Stock P/E 49.8
- Book Value ₹ 298
- Dividend Yield 0.25 %
- ROCE 6.48 %
- ROE 4.65 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 2.68 times its book value
- Company has a low return on equity of 10.8% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 10.7% of profits 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
Sector: Cement Industry: Cement - South India
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
3,684 | 3,655 | 3,582 | 3,967 | 4,425 | 5,162 | 5,389 | 5,291 | 6,004 | 8,157 | 9,271 | |
3,120 | 2,935 | 2,504 | 2,759 | 3,310 | 4,117 | 4,241 | 3,733 | 4,713 | 6,971 | 7,713 | |
Operating Profit | 564 | 721 | 1,077 | 1,208 | 1,115 | 1,046 | 1,149 | 1,558 | 1,291 | 1,186 | 1,557 |
OPM % | 15% | 20% | 30% | 30% | 25% | 20% | 21% | 29% | 22% | 15% | 17% |
63 | 85 | 75 | 40 | 32 | 25 | 34 | 30 | 28 | 33 | 36 | |
Interest | 189 | 196 | 184 | 105 | 61 | 53 | 73 | 88 | 113 | 241 | 389 |
Depreciation | 306 | 251 | 305 | 286 | 294 | 300 | 317 | 357 | 402 | 506 | 633 |
Profit before tax | 131 | 358 | 663 | 857 | 792 | 718 | 792 | 1,144 | 803 | 472 | 572 |
Tax % | 13% | 32% | 20% | 24% | 29% | 29% | 24% | 33% | -11% | 28% | |
114 | 247 | 545 | 664 | 566 | 511 | 605 | 784 | 882 | 315 | 379 | |
EPS in Rs | 4.81 | 10.34 | 22.90 | 27.84 | 23.95 | 21.68 | 25.65 | 33.22 | 37.30 | 13.31 | 16.16 |
Dividend Payout % | 21% | 15% | 13% | 11% | 13% | 14% | 10% | 9% | 8% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 15% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -11% |
3 Years: | -20% |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 0% |
3 Years: | -6% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 5% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 | 7,009 |
2,910 | 2,734 | 2,141 | 1,437 | 1,121 | 1,637 | 3,032 | 3,110 | 3,950 | 4,507 | 5,064 | |
1,476 | 1,646 | 1,670 | 1,838 | 1,936 | 2,029 | 2,099 | 2,613 | 2,589 | 3,224 | 3,559 | |
Total Liabilities | 6,846 | 7,006 | 6,944 | 7,071 | 7,169 | 8,203 | 10,132 | 11,455 | 13,157 | 14,592 | 15,656 |
4,650 | 4,882 | 5,026 | 5,211 | 5,323 | 5,400 | 6,049 | 6,978 | 7,773 | 10,195 | 10,681 | |
CWIP | 354 | 263 | 147 | 120 | 175 | 853 | 1,840 | 2,355 | 3,034 | 1,987 | 2,378 |
Investments | 283 | 358 | 327 | 210 | 240 | 259 | 276 | 307 | 297 | 273 | 317 |
1,559 | 1,503 | 1,444 | 1,529 | 1,432 | 1,692 | 1,967 | 1,814 | 2,054 | 2,138 | 2,280 | |
Total Assets | 6,846 | 7,006 | 6,944 | 7,071 | 7,169 | 8,203 | 10,132 | 11,455 | 13,157 | 14,592 | 15,656 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
509 | 932 | 1,089 | 1,117 | 1,124 | 793 | 748 | 1,892 | 1,135 | 1,412 | |
-571 | -477 | -261 | -280 | -490 | -1,202 | -1,921 | -1,779 | -1,816 | -1,694 | |
53 | -436 | -950 | -665 | -793 | 653 | 1,194 | -64 | 715 | 274 | |
Net Cash Flow | -9 | 18 | -122 | 172 | -159 | 243 | 21 | 50 | 35 | -8 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 38 | 48 | 51 | 37 | 35 | 36 | 26 | 21 | 21 |
Inventory Days | 363 | 280 | 341 | 314 | 273 | 242 | 270 | 253 | 342 | 240 |
Days Payable | 93 | 123 | 133 | 140 | 130 | 111 | 143 | 154 | 199 | 174 |
Cash Conversion Cycle | 300 | 195 | 256 | 225 | 179 | 165 | 163 | 125 | 165 | 87 |
Working Capital Days | 19 | 18 | -16 | -8 | -5 | -4 | 23 | -11 | -11 | -23 |
ROCE % | 10% | 16% | 18% | 16% | 13% | 12% | 15% | 9% | 6% |
Documents
Announcements
- Specification Related To International Securities Identification Numbers (Isins) For The Debt Securities Issued On Private Placement Basis 5h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6h - Clause 12 of Schedule III, Part A, Para A read with Regulation 30 of SEBI LODR
- Compliance Of Regulation 40(9) & (11) Of SEBI (LODR) Regulations, 2015) 1d
- CERTIFICATE UNDER REG 7(3) OF LODR 6 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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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]