The Ramco Cements Ltd logo

The Ramco Cements Ltd

RAMCOCEM NSE

Key Fundamentals

SmallcapCementConstruction
Market Cap
₹21,605 Cr
Volatility
Moderate
P/E Ratio
33.3
EBITDA
₹1,477 Cr
Return on Equity
8.55%
Debt to Equity
0.48
Book Value
₹342.52
EPS
₹13.66
52W High
₹1,214.5
52W Low
₹838.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY06–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

6
  • Stock is trading at 2.68 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.3% over past five years.
  • Company has a low return on equity of 1.93% over last 3 years.
  • Earnings include an other income of Rs.608 Cr.
  • Dividend payout has been low at 14.1% of profits over last 3 years

Growth Rate

Revenue Growth
5.97% ↗
Net Income Growth
158.11% ↗
Cash Flow Change
15.18% ↗
ROE
137.50% ↗
ROCE
62.65% ↗
EBITDA Margin (Avg.)
9.48% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

The Ramco Cements Ltd has a market cap of Rs.22,852 Cr trading at a PE of 31.5x with compounded sales growth of 10% over 10 years, but profitability has sharply declined with compounded profit falling 25% over 10 years and 3-year ROE averaging just 2%. TTM profit growth of 38% suggests a possible earnings recovery from a low base.

Bull Case 7
  • TTM profit growth of 38% indicates a meaningful earnings recovery after years of decline
  • 10-year compounded sales growth of 10% demonstrates consistent revenue expansion over the long term
  • TTM sales growth of 9% shows continued top-line momentum in the recent period
  • 10-year stock CAGR of 6% shows the company has delivered positive long-term returns despite recent weakness
  • Market cap of Rs.22,852 Cr positions it as a mid-to-large cap cement player with established scale in South India
  • 5-year compounded sales growth of 11% reflects sustained demand capture through capacity additions
  • Other income of Rs.608 Cr provides a cushion to overall profitability and may reflect strong treasury or asset monetization
Bear Case 8
  • 3-year compounded profit decline of -54% reflects severe margin compression and weak pricing power
  • 3-year average ROE of just 2% indicates very poor capital efficiency and shareholder return generation
  • Last year ROE of 0% shows the company essentially generated no meaningful return on equity
  • Low interest coverage ratio suggests elevated debt servicing pressure relative to operating earnings
  • PE of 31.5x is expensive given the weak profitability profile and near-zero ROE
  • Stock trading at 2.73x book value is stretched for a company delivering sub-2% ROE over 3 years
  • 1-year stock return of -13% reflects market skepticism about near-term earnings trajectory
  • Dividend payout of just 14.1% over last 3 years with a yield of 0.27% offers minimal income to shareholders

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 3h ago
Headwinds 2
  • Q1FY27 profit drops 63% YoY Aug 7

    Standalone net profit fell 63% YoY to ₹31.86 crore in Q1FY27 despite 9.6% revenue growth, driven by lower operational margins.

  • Promoter pledge rises to 9.46% Jul 25

    Rajapalayam Mills pledged 6.32 lakh Ramco Cements shares to Tata Capital, raising total promoter encumbered stake to 9.46%.

Positives 4
  • FY26 PAT surges 66% YoY Jul 21

    Ramco Cements reported FY26 revenue of ₹9,055.92 crore, EBITDA of ₹1,481.56 crore (+16% YoY), and PAT of ₹693.62 crore (+66% YoY) aided by margin recovery and asset monetisation.

  • Non-core asset disposal continues Aug 5

    Completed disposal of non-core assets worth ₹25.65 crore on Aug 4, 2026, taking total disposed value to ₹1,106.47 crore under SEBI LODR disclosures.

  • Dividend of ₹2.50 declared Jul 21

    Board declared a dividend of ₹2.50 per share for FY26, with 68th AGM scheduled for August 20, 2026.

  • Promoter pledge partially released Jul 25

    Rajapalayam Mills released pledge on 4.70 lakh shares following loan repayment to Barclays, reducing encumbered promoter holdings.

Neutral 4
  • Investor meet shifted to video Aug 12

    Scheduled investor meet on August 13, 2026 moved to video conference from a physical gathering in Mumbai.

  • 68th AGM set for Aug 20 Jul 23

    AGM scheduled for August 20, 2026 via video conference with remote e-voting from August 17-19 for shareholders on record as of August 13.

  • Promoter share pledge reshuffled Jul 24

    Rajapalayam Mills created a pledge on 7,05,800 shares with Tata Capital and separately released the same number to Barclays on Jul 22, keeping net encumbrance broadly steady at ~9.39%.

  • FY26 BRSR report filed Jul 21

    Filed Business Responsibility and Sustainability Report for FY26 detailing ESG performance including GHG emissions and workforce data.

TL;DR: Ramco Cements delivered a strong FY26 with PAT up 66% and continued asset monetisation exceeding ₹1,100 crore, but Q1FY27 shows sharp margin compression with profit down 63% YoY. Promoter pledge levels remain elevated near 9.5%. The key question is whether margin pressures in Q1 are seasonal or signal a deteriorating trend — investors should watch Q2 operational performance closely.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,247
2,341
2,111
2,678
2,094
2,044
1,983
2,397
2,074
2,239
2,106
2,610
2,273
Expenses
1,903
1,935
1,714
2,259
1,773
1,730
1,704
2,078
1,676
1,851
1,826
2,240
1,967
Operating Profit
343
406
397
419
320
314
279
319
398
388
280
371
306
OPM %
15%
17%
19%
16%
15%
15%
14%
13%
19%
17%
13%
14%
13%
Other Income
7
12
7
14
8
10
199
23
6
7
496
86
19
Interest
93
117
102
104
113
120
113
113
105
111
108
95
96
Depreciation
150
163
180
154
168
170
175
183
184
183
185
188
190
PBT
108
138
121
175
48
34
191
46
115
100
483
173
40
Tax %
27%
27%
31%
26%
27%
27%
4%
46%
27%
24%
20%
15%
23%
Net Profit
74
72
82
129
37
26
182
26
85
78
386
151
31
EPS in Rs
3.15
3.05
3.58
5.46
1.57
1.09
7.72
1.16
3.6
3.27
16.32
6.38
1.32
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,655
3,582
3,967
4,425
5,162
5,389
5,291
6,004
8,157
9,376
8,518
9,029
9,228
Expenses
2,935
2,504
2,759
3,310
4,117
4,241
3,733
4,713
6,971
7,811
7,284
7,591
7,883
Operating Profit
721
1,077
1,208
1,115
1,046
1,149
1,558
1,291
1,186
1,565
1,234
1,437
1,345
OPM %
20%
30%
30%
25%
20%
21%
29%
22%
15%
17%
14%
16%
15%
Other Income
85
75
40
32
25
34
30
28
33
39
241
595
608
Interest
196
184
105
61
53
73
88
113
241
416
460
421
410
Depreciation
251
305
286
294
300
317
357
402
506
646
695
740
746
PBT
358
663
857
792
718
792
1,144
803
472
542
319
871
797
Tax %
32%
20%
24%
29%
29%
24%
33%
-11%
28%
27%
16%
21%
—
Net Profit
247
545
664
566
511
605
784
882
315
356
270
699
645
EPS in Rs
10.34
22.9
27.84
23.95
21.68
25.65
33.22
37.3
13.31
15.23
11.54
29.57
27.29
Div. Payout %
15%
13%
11%
13%
14%
10%
9%
8%
15%
16%
17%
8%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24
24
24
24
24
24
24
24
24
24
24
24
Reserves
2,602
3,109
3,772
4,089
4,513
4,978
5,708
6,595
6,837
7,214
7,418
8,070
Borrowings
2,734
2,141
1,437
1,121
1,637
3,032
3,110
3,950
4,507
4,936
4,675
3,871
Other Liabilities
1,646
1,670
1,838
1,936
2,029
2,099
2,613
2,589
3,224
4,095
4,213
4,664
Total Liabilities
7,006
6,944
7,071
7,169
8,203
10,132
11,455
13,157
14,592
16,270
16,329
16,629
Fixed Assets
4,882
5,026
5,211
5,323
5,400
6,049
6,978
7,773
10,195
12,053
12,344
12,918
CWIP
263
147
120
175
853
1,840
2,355
3,034
1,987
1,378
1,386
990
Investments
358
327
210
240
259
276
307
297
273
319
90
60
Other Assets
1,503
1,444
1,529
1,432
1,692
1,967
1,814
2,054
2,138
2,519
2,509
2,661
Total Assets
7,006
6,944
7,071
7,169
8,203
10,132
11,455
13,157
14,592
16,270
16,329
16,629
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
932
1,089
1,117
1,124
793
748
1,892
1,135
1,412
1,898
1,399
1,611
Investing
-477
-261
-280
-490
-1,202
-1,921
-1,779
-1,816
-1,694
-1,911
-542
-338
Financing
-436
-950
-665
-793
653
1,194
-64
715
274
-28
-782
-1,257
Net Cash Flow
18
-122
172
-159
243
21
50
35
-8
-41
75
16
Free Cash Flow
492
791
813
630
-410
-1,171
126
-676
-352
-16
458
1,216
CFO/OP
139
115
108
116
91
77
135
100
122
124
115
115
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
48
51
37
35
36
26
21
21
33
31
32
Inventory Days
280
341
314
273
242
270
253
342
240
209
215
196
Days Payable
123
133
140
130
111
143
154
199
174
211
199
228
Cash Conversion Cycle
195
256
225
179
165
163
125
165
87
31
48
0
Working Capital Days
-37
-81
-67
-53
-55
-58
-76
-76
-61
-72
-98
-90
ROCE %
10%
16%
18%
16%
13%
12%
15%
9%
6%
8%
5%
6%

Shareholding Pattern

As of Jun 2026
Promoters 42.56%
DIIs 29.50%
Public 12.70%
FIIs 7.52%
Others 4.34%
Government 3.39%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
42.54%
42.54%
42.52%
42.47%
42.33%
42.33%
42.30%
42.30%
42.30%
42.11%
42.11%
42.11%
42.29%
42.29%
42.29%
42.75%
42.56%
42.56%
42.56%
42.56%
42.56%
42.56%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.94%
7.43%
7.38%
6.61%
6.88%
7.29%
8.43%
8.15%
7.98%
8.04%
7.52%
DIIs
23.23%
22.30%
31.68%
32.29%
32.62%
33.37%
33.70%
32.25%
32.46%
32.40%
33.31%
32.92%
32.23%
31.14%
30.86%
30.90%
30.14%
27.86%
28.49%
28.14%
28.92%
29.50%
Government
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
3.39%
Public
10.10%
10.07%
10.03%
9.96%
10.20%
10.34%
9.86%
10.89%
10.71%
10.44%
9.74%
10.17%
10.48%
11.57%
12.38%
11.66%
12.41%
12.85%
12.42%
12.92%
12.51%
12.70%
Others
20.74%
21.70%
12.38%
11.89%
11.47%
10.58%
10.75%
11.18%
11.14%
11.66%
11.44%
3.47%
4.17%
4.24%
4.48%
4.43%
4.22%
4.93%
5.01%
5.02%
4.60%
4.34%
No. of Shareholders
36,415
40,081
43,409
43,205
51,391
58,783
57,809
59,206
54,638
47,897
47,105
46,993
56,327
76,165
76,447
63,101
62,360
56,972
57,838
56,029
52,680
53,616

Documents

1
Concall - Nov 2018 Nov 2018
2
Concall - Feb 2019 Feb 2019
3
Concall - Jul 2021 Jul 2021
4
Concall - Nov 2021 Nov 2021
5
Concall - Aug 2022 Aug 2022

Frequently Asked Questions about The Ramco Cements Ltd

What does The Ramco Cements Ltd do?
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]
Where is The Ramco Cements Ltd (RAMCOCEM) listed?
The Ramco Cements Ltd is listed on the Indian stock exchanges. It is listed on NSE: RAMCOCEM and BSE: 500260. You can view its live share price, financials, and ratios on Tapetide.
Which sector does The Ramco Cements Ltd belong to?
The Ramco Cements Ltd operates in the Construction sector within the Cement industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of The Ramco Cements Ltd?
The Ramco Cements Ltd has a market capitalisation of approximately ₹21605.39 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of The Ramco Cements Ltd?
The Price-to-Earnings (PE) ratio of The Ramco Cements Ltd is 33.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of The Ramco Cements Ltd?
Over the past 52 weeks, The Ramco Cements Ltd has traded between a low of ₹838.3 and a high of ₹1,214.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does The Ramco Cements Ltd pay dividends?
Yes, The Ramco Cements Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of The Ramco Cements Ltd?
The Ramco Cements Ltd has a Return on Equity (ROE) of 8.55%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research The Ramco Cements Ltd on Tapetide?
On Tapetide, you can view The Ramco Cements Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website ramcocements.in
CEO Mr. Arrakundal Velayutha Raja Dharmakrishnan A.C.A., B.Com.
Employees 3,767
Listed 1997-04-09
Face Value ₹ 1
Issued Size 23,62,92,380

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