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Stock Analysis

Description

Ramco Cements Ltd is engaged in the manufacture of cement, Ready Mix Concrete (RMC), and Dry mortar products. It primarily caters to the domestic market of India.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

2nd Apr 26

Impact Rating: 2

The Ramco Cements Limited submitted its quarterly SEBI compliance certificate for the period ending March 31, 2026, confirming no instances of share dematerialisation or rematerialisation were processed via NSDL or CDSL during the quarter.

2nd Apr 26

Impact Rating: 4

The Ramco Cements Limited submitted its SEBI compliance certificate for the quarter ending March 31, 2026. The report indicates zero securities were dematerialised or rematerialised by NSDL and CDSL during this period.

28th Mar 26

Impact Rating: -

No description available.

27th Mar 26

Impact Rating: 7

Rajapalayam Mills has pledged an additional 10,000 shares of The Ramco Cements Limited to Barclays Investments & Loans (India) Pvt. Ltd., increasing its total encumbered stake to 1,89,91,625 shares (8.04% of capital).

23rd Mar 26

Impact Rating: 5

The Ramco Cements Limited announced a trading window closure for its directors and designated employees, starting April 1, 2026. This is until two days after the board meeting to review audited annual accounts for the year ending March 31, 2026.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	UltraTech Cem.	12344.20	49.59	363757.89	0.63	1237.98	75.23	19606.93	20.33	10.89	81724.53	18.35	7334.75	1231.58	5.07	5.19	0.35
2.	Grasim Inds	2807.10	44.10	191029.24	0.36	1498.04	68.24	39899.58	16.59	7.50	159663.26	20.07	4327.58	553.48	1.92	1.69	2.06
3.	Ambuja Cements	553.20	23.67	136741.32	0.36	2302.28	233.64	9174.49	21.48	10.50	38772.67	18.83	5746.21	1935.75	2.50	7.02	0.02
4.	Shree Cement	27793.55	58.31	100281.23	0.40	309.82	303.60	4761.07	17.44	6.71	20146.65	23.33	1718.89	308.51	4.47	3.97	0.10
5.	J K Cements	5910.00	44.15	45665.53	0.26	159.25	275.56	3019.20	17.93	13.99	12883.19	18.56	1034.93	160.53	7.02	5.11	1.00
6.	Dalmia BharatLtd	2162.00	36.41	40551.75	0.41	239.00	413.04	3417.00	10.69	5.58	14325.00	20.13	1112.86	236.00	2.31	2.48	0.40
7.	ACC	1734.50	10.07	32571.70	0.43	1119.26	401.44	5931.67	27.99	17.44	24060.83	14.84	3230.72	1119.23	1.64	9.46	0.02
8.	The Ramco Cement	1066.00	130.60	25188.73	0.19	74.31	190.50	2234.84	9.65	4.83	8673.49	15.97	192.85	74.31	3.26	0.70	0.62
–	Median: 34 Co.	198.75	30.14	3069.97	0.2	19.92	119.45	601.69	16.98	6.11	2503.97	11.98	65.69	22.52	2.31	1.46	0.62

Quarterly Results

Standalone figures in ₹ crores

	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
Sales	1,784	2,009	2,570	2,241	2,329	2,106	2,673	2,088	2,038	1,977	2,392	2,070	2,235
Expenses	1,601	1,724	2,157	1,900	1,931	1,711	2,256	1,769	1,726	1,697	2,071	1,672	1,848
Operating Profit	184	285	413	341	399	395	417	319	312	279	321	398	387
Other Income	9	9	12	8	13	7	14	8	11	340	24	6	7
Profit before tax	16	97	207	108	138	135	162	48	35	333	49	116	100
Tax %	28%	31%	26%	27%	27%	31%	25%	26%	27%	2%	37%	26%	26%
Net Profit	11	67	152	79	101	93	121	36	26	325	31	86	74
EPS in Rs	0.49	2.85	6.45	3.34	4.29	3.95	5.14	1.50	1.08	13.77	1.31	3.64	3.14

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	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
Sales	3,684	3,645	3,573	3,950	4,406	5,146	5,368	5,268	5,980	8,135	9,350	8,495	8,673
Expenses	3,120	2,931	2,501	2,754	3,305	4,109	4,231	3,720	4,695	6,953	7,797	7,262	7,289
Operating Profit	564	714	1,072	1,195	1,101	1,038	1,138	1,548	1,285	1,183	1,553	1,233	1,385
Other Income	86	87	88	44	36	28	37	35	30	37	42	384	378
Interest	189	195	182	104	60	52	73	88	113	241	416	460	442
Depreciation	306	250	305	284	292	299	315	355	401	504	636	691	721
Profit before tax	154	356	673	850	785	716	787	1,140	801	474	543	466	599
Net Profit	138	242	542	649	556	506	601	761	893	344	395	417	517
EPS in Rs	5.79	10.18	22.77	27.27	23.59	21.47	25.52	32.26	37.78	14.54	16.72	17.66	21.86
Dividend Payout %	17%	15%	13%	11%	13%	14%	10%	9%	8%	14%	15%	11%	–

Balance Sheet

Standalone figures in ₹ crores

	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	2,458	2,621	3,070	3,718	4,019	4,437	4,895	5,603	6,501	6,770	7,120	7,470	7,588
Borrowings	2,910	2,712	2,124	1,425	1,113	1,619	3,032	3,110	3,950	4,507	4,936	4,675	4,699
Other Liabilities	1,476	1,645	1,677	1,843	1,938	2,029	2,096	2,609	2,581	3,216	4,088	4,206	4,310
Total Liabilities	6,869	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374	16,620
Fixed Assets	4,641	4,876	4,901	5,183	5,298	5,376	6,027	6,957	7,752	10,174	12,043	12,338	12,858
Gross Block	6,679	7,201	7,529	8,057	8,428	8,727	9,625	10,853	11,974	14,860	17,286	18,161	–
Accumulated Depreciation	2,038	2,325	2,628	2,874	3,130	3,351	3,598	3,897	4,223	4,685	5,243	5,823	–
CWIP	354	263	147	120	175	853	1,840	2,355	3,034	1,987	1,378	1,386	1,067
Investments	283	356	372	148	159	175	189	201	201	202	223	135	104
Other Assets	1,590	1,508	1,475	1,557	1,461	1,705	1,991	1,833	2,069	2,153	2,524	2,515	2,591
Total Assets	6,869	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374	16,620

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	479	956	1,085	1,105	1,113	790	740	1,885	1,129	1,405	1,887	1,402
Cash from Investing Activity	-541	-482	-263	-276	-483	-1,191	-1,932	-1,771	-1,810	-1,687	-1,900	-545
Cash from Financing Activity	53	-457	-943	-659	-787	643	1,213	-64	715	274	-28	-782
Net Cash Flow	-10	17	-121	171	-157	242	20	50	34	-7	-41	75

Ratios

Standalone Figures in ₹ Crores / Yearly

	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	279	340	313	272	241	270	252	342	240	209	215
Days Payable	93	123	133	139	130	111	143	153	198	173	211	198
Cash Conversion Cycle	300	194	256	225	179	165	163	125	165	87	31	48
Working Capital Days	-50	-37	-80	-67	-53	-54	-58	-77	-76	-61	-72	-98
ROCE %	6%	10%	16%	18%	16%	14%	12%	15%	10%	7%	8%	5%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	42.29%	42.29%	42.11%	42.11%	42.11%	42.29%	42.29%	42.29%	42.75%	42.55%	42.55%	42.55%	42.55%
FIIs	7.14%	7.55%	7.95%	7.85%	7.94%	7.43%	7.38%	6.61%	6.88%	7.29%	8.43%	8.15%	7.98%
DIIs	32.25%	32.46%	32.44%	33.37%	32.92%	32.24%	31.14%	30.87%	30.89%	30.14%	27.85%	28.48%	28.15%
Public	14.94%	14.31%	14.11%	13.29%	13.64%	14.66%	15.81%	16.85%	16.10%	16.64%	17.77%	17.42%	17.94%