Ramco Cements Limited (IN:RAMCOCEM)
:RAMCOCEM
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Ramco Cements Limited
(RAMCOCEM)
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Rating:54Neutral
Price Target:
₹931.00
▼(-11.92% Downside)
Action:Reiterated
Date:05/24/26
The score is driven primarily by mixed financial performance: a significantly improved balance sheet is offset by compressed/volatile profitability and uneven free cash flow. Technical indicators are notably weak (price below key moving averages and negative MACD), while valuation is only moderate with minimal dividend support.
Positive Factors
De-risked capital structure
A sharp reduction in leverage to about 0.13 in FY26 materially lowers financial risk, improving the firm's resilience against cyclical downturns. This durable improvement increases optionality for capex, strategic investments or buffering margins without relying on external debt.
Negative Factors
Compressed and volatile profitability
Material margin compression and swings in net profit reduce earnings durability and limit reinvestment capacity. Sustained lower profitability weakens returns on capital and constrains the company's ability to absorb higher input or distribution costs over multiple cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked capital structure
A sharp reduction in leverage to about 0.13 in FY26 materially lowers financial risk, improving the firm's resilience against cyclical downturns. This durable improvement increases optionality for capex, strategic investments or buffering margins without relying on external debt.
Read all positive factors
Ramco Cements Limited (RAMCOCEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹217.15B
Dividend Yield0.19%
Average Volume (3M)30.47K
Price to Earnings (P/E)31.0
Beta (1Y)0.92
Revenue Growth5.99%
EPS Growth156.27%
CountryIN
Employees3,647
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)15.65
Shares Outstanding236,292,370
10 Day Avg. Volume46,369
30 Day Avg. Volume30,466
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)2.69
Price to Sales (P/S)2.41
P/FCF Ratio100.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹920.00Price Target Upside-12.97% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)13.07
Revenue Forecast (FY)₹99.80B
Ramco Cements Limited Business Overview & Revenue Model
Company Description
Based in Chennai, India, The Ramco Cements Limited was established in 1957. The company is a key player in the Indian construction materials sector, producing and distributing a wide array of products including cement, ready-mix concrete, and dry ...
How the Company Makes Money
Ramco Cements primarily makes money by manufacturing and selling cement. Its core revenue stream comes from domestic sales of cement across different product types and grades used in construction. The company generates revenue by (1) producing cem...
Ramco Cements Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 86.93B | 90.29B | 85.18B | 93.76B | 81.57B | 60.04B |
| Gross Profit | 42.73B | 37.26B | 45.30B | 49.29B | 40.17B | 36.09B |
| EBITDA | 13.64B | 12.97B | 12.38B | 15.69B | 11.91B | 12.97B |
| Net Income | 3.72B | 6.99B | 2.73B | 3.60B | 3.15B | 8.81B |
Balance Sheet | ||||||
| Total Assets | 165.76B | 166.36B | 163.29B | 162.73B | 145.95B | 131.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 2.27B | 2.09B | 1.24B | 1.63B | 1.46B |
| Total Debt | 46.99B | 38.71B | 46.75B | 49.37B | 45.07B | 39.50B |
| Total Liabilities | 90.06B | 85.33B | 88.87B | 90.31B | 77.27B | 65.33B |
| Stockholders Equity | 75.60B | 80.94B | 74.42B | 72.38B | 68.61B | 66.19B |
Cash Flow | ||||||
| Free Cash Flow | 451.30M | 2.17B | 3.75B | -170.10M | -3.54B | -6.82B |
| Operating Cash Flow | 6.46B | 12.17B | 13.99B | 19.06B | 14.12B | 11.35B |
| Investing Cash Flow | -5.45B | -3.48B | -5.42B | -19.11B | -16.94B | -18.16B |
| Financing Cash Flow | -2.03B | -8.52B | -7.82B | -280.30M | 2.74B | 7.15B |
Ramco Cements Limited Technical Analysis
Positive
1057.05
Price Trends
917.60
Positive
985.11
Negative
1011.21
Negative
Market Momentum
-2.28
Negative
57.09
Neutral
69.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOCEM, the sentiment is Positive. The current price of 1057.05 is above the 20-day moving average (MA) of 878.66, above the 50-day MA of 917.60, and above the 200-day MA of 1011.21, indicating a neutral trend. The MACD of -2.28 indicates Negative momentum. The RSI at 57.09 is Neutral, neither overbought nor oversold. The STOCH value of 69.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAMCOCEM.
Ramco Cements Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹3.38T | 41.26 | ― | 0.66% | 19.67% | 24.67% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹251.39B | 11.74 | ― | 0.43% | 21.37% | -11.10% | |
56 Neutral | ₹181.80B | -15.19 | ― | ― | ― | ― | |
54 Neutral | ₹217.15B | 31.02 | ― | 0.19% | 5.99% | 156.27% | |
52 Neutral | ₹119.00B | -176.45 | ― | ― | 6.86% | 53.19% | |
50 Neutral | ₹322.47B | 28.29 | ― | 0.44% | 5.89% | 66.61% |
* Basic Materials Sector Average
IN:RAMCOCEM
Ramco Cements Limited
919.00
-133.14
-12.65%
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IN:JSWCEMENT
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-11.10%
Ramco Cements Limited Corporate Events
Ramco Cements Opens Special Window for Legacy Physical Share Transfers
Mar 28, 2026
The Ramco Cements Limited has announced, via newspaper advertisements, the opening of a special window for shareholders holding physical securities to address pending transfer-related issues predating April 1, 2019. The initiative allows fresh lod...
CRISIL Reaffirms Top Short-Term Rating and Assigns AA+ to Ramco Cements’ Debt
Mar 16, 2026
Ramco Cements has announced that CRISIL Ratings Limited has reaffirmed its highest short-term rating of CRISIL A1+ for ₹900 crore of commercial paper, underscoring the company’s strong liquidity and sound short-term credit profile. In ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.