Ramco Cements Limited (RAMCOCEM) AI Stock Analysis

• Market Cap: ₹252.92B
• Dividend Yield: 0.19%
• Average Volume (3M): 14.37K
• Price to Earnings (P/E): 78.9
• Beta (1Y): 0.92
• Revenue Growth: -7.85%
• EPS Growth: -0.68%
• Country: IN
• Employees: 3,647
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Construction Materials
• EPS (TTM): 3.60
• Shares Outstanding: 236,292,370
• 10 Day Avg. Volume: 7,912
• 30 Day Avg. Volume: 14,372
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹912.50
• Price Target Upside: -13.01% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 6

• Rating: 55 Neutral
• Price Target: ₹1,075.00 ▲(2.48% Upside)

The overall stock score of 55 reflects a stable financial performance with a solid balance sheet and operational efficiencies. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The low dividend yield further limits the stock's attractiveness. Investors should be cautious and consider these factors before making investment decisions.

Ramco Cements Limited Business Overview & Revenue Model

Company Description

Ramco Cements Limited (RAMCOCEM) is a prominent Indian cement manufacturer that operates primarily in the building materials sector. The company is part of the larger Ramco Group and is recognized for producing high-quality cement products, including Portland cement, ready-mix concrete, and dry mortar products. Ramco Cements serves a diverse customer base, including individual home builders, real estate developers, and infrastructure projects, with its extensive distribution network across India.

How the Company Makes Money

Ramco Cements Limited generates revenue primarily through the sale of cement and related building materials. The company operates several manufacturing plants strategically located across India, allowing efficient distribution and reduced transportation costs. Its revenue streams are largely driven by the domestic demand for construction and infrastructure development projects, which include residential, commercial, and industrial sectors. Additionally, Ramco Cements leverages its strong brand reputation and quality products to maintain competitive pricing. The company may also engage in strategic partnerships and collaborations to enhance its market presence and expand its product offerings, although specific partnership details are not provided.

Ramco Cements Limited Financial Statement Overview

Summary

Ramco Cements Limited demonstrates a solid financial foundation with strengths in its balance sheet and operational efficiencies. Despite challenges in revenue growth and net profit margins, the company has managed to maintain stability and profitability. Cash flow management shows improvement, yet volatility in free cash flow warrants attention. Overall, the company is well-positioned but should focus on enhancing profitability and managing capital expenditures to support future growth.

Income Statement

The company exhibits a stable income statement with a moderate growth trajectory. Gross profit margin has improved significantly in the last year to 60.23% from 41.52%, indicating effective cost management. However, the net profit margin has decreased to 3.18% from 3.85%, suggesting pressures on bottom-line profitability. Revenue growth has fluctuated over the years, with a decline of 8.45% in the last year. Nonetheless, EBIT and EBITDA margins have shown improvement, enhancing operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a solid equity base. The debt-to-equity ratio is 0.63, indicating a moderate level of leverage. Return on equity is relatively low at 3.66%, suggesting limited returns on shareholder investments. The equity ratio is robust at 45.56%, showcasing a strong capital structure. Overall, the company maintains a healthy balance sheet with manageable debt levels.

Cash Flow

Cash flow analysis shows some volatility, with free cash flow turning positive recently. Operating cash flow to net income ratio stands at 5.13, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 1.37, reflecting sufficient cash flow to cover net income. However, free cash flow growth has been inconsistent, and capital expenditures remain high, potentially impacting liquidity.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	85.31B	85.60B	81.22B	93.49B	59.70B	52.58B
Gross Profit	50.47B	51.56B	26.22B	38.82B	24.04B	24.76B
EBITDA	14.53B	12.74B	12.18B	16.03B	13.02B	15.79B
Net Income	2.73B	2.73B	3.15B	3.60B	8.81B	7.84B
Balance Sheet
Total Assets	163.29B	163.29B	145.95B	162.73B	131.59B	114.55B
Cash, Cash Equivalents and Short-Term Investments	2.09B	2.09B	1.63B	1.24B	1.46B	1.08B
Total Debt	46.75B	46.75B	45.07B	49.37B	39.50B	31.10B
Total Liabilities	88.87B	88.87B	77.27B	90.31B	65.33B	57.17B
Stockholders Equity	74.42B	74.42B	68.61B	72.38B	66.19B	57.32B
Cash Flow
Free Cash Flow	0.00	3.75B	-3.54B	-170.10M	-6.82B	1.25B
Operating Cash Flow	0.00	13.99B	14.12B	19.06B	11.35B	18.92B
Investing Cash Flow	0.00	-5.42B	-16.94B	-19.11B	-18.16B	-17.79B
Financing Cash Flow	0.00	-7.82B	2.74B	-280.30M	7.15B	-636.40M

Ramco Cements Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1049.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOCEM, the sentiment is Negative. The current price of 1049 is below the 20-day moving average (MA) of 1071.31, below the 50-day MA of 1110.10, and above the 200-day MA of 984.31, indicating a neutral trend. The MACD of -12.96 indicates Negative momentum. The RSI at 40.76 is Neutral, neither overbought nor oversold. The STOCH value of 46.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMCOCEM.

Ramco Cements Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ITDCEM	65 Neutral	₹124.38B	30.35		0.27%	11.99%	27.39%
JKLAKSHMI	62 Neutral	₹109.22B	28.81		0.70%	-3.81%	-18.23%
STARCEMENT	62 Neutral	₹118.12B	49.96		0.35%	14.59%	1.52%
Sector *	61 Neutral	$10.37B	6.45	-0.08%	2.84%	3.09%	-36.03%
NUVOCO	60 Neutral	₹165.63B	106.39		―	0.27%	12.09%
RAMCOCEM	55 Neutral	₹252.92B	78.91		0.19%	-7.85%	-0.68%
INDIAGLYCO	52 Neutral	₹50.99B	20.92		0.49%	7.46%	33.78%

Ramco Cements Limited Corporate Events

Ramco Cements Successfully Concludes AGM with All Resolutions Passed

Ramco Cements Limited announced that all resolutions at its Annual General Meeting held on August 13, 2025, were passed with the requisite majority. The meeting, conducted via video conferencing, complied with regulatory requirements, and the scrutinizer’s report was submitted, indicating a smooth execution of the AGM proceedings.