MarketFriction

The Ramco Cements Ltd

NSE RAMCOCEM · BSE 500260 · Cement & Cement Products
₹830.85 -1.74%
NSE close2026-10-01
52 week range822.05 - 1,214.50
Market cap₹19,949 Cr.
P/E105
Nifty 500Smallcap 250 Price band 20% Delivery 45.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,3412,1112,6782,0942,0441,9832,3972,0742,2392,1062,6102,273
Expenses1,9351,7142,2591,7731,7301,7042,0781,6761,8511,8262,2401,967
Operating Profit406397419320314279319398388280371306
OPM %17%19%16%15%15%14%13%19%17%13%14%13%
Other Income1271481019923674968619
Interest1171021041131201131131051111089596
Depreciation163180154168170175183184183185188190
Profit before tax13812117548341914611510048317340
Tax %27%31%26%27%27%4%46%27%24%20%15%23%
Net Profit7282129372618226857838615131
EPS in Rs3.053.585.461.571.097.721.163.603.2716.326.381.32
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,5823,9674,4255,1625,3895,2916,0048,1579,3768,5189,0299,228
Expenses2,5042,7593,3104,1174,2413,7334,7136,9717,8117,2847,5917,883
Operating Profit1,0771,2081,1151,0461,1491,5581,2911,1861,5651,2341,4371,345
OPM %30%30%25%20%21%29%22%15%17%14%16%15%
Other Income754032253430283339241595608
Interest18410561537388113241416460421410
Depreciation305286294300317357402506646695740746
Profit before tax6638577927187921,144803472542319871797
Tax %20%24%29%29%24%33%-11%28%27%16%21%
Net Profit545664566511605784882315356270699645
EPS in Rs22.9027.8423.9521.6825.6533.2237.3013.3115.2311.5429.5727.29
Dividend Payout %13%11%13%14%10%9%8%15%16%17%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%11%3%9%
Compounded Profit Growth-25%-48%-54%38%
Stock Price CAGR4%-3%-2%-14%
Return on Equity8%5%2%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital242424242424242424242424
Reserves2,6023,1093,7724,0894,5134,9785,7086,5956,8377,2147,4188,070
Borrowings2,7342,1411,4371,1211,6373,0323,1103,9504,5074,9364,6753,871
Other Liabilities1,6461,6701,8381,9362,0292,0992,6132,5893,2244,0954,2134,664
Total Liabilities7,0066,9447,0717,1698,20310,13211,45513,15714,59216,27016,32916,629
Fixed Assets4,8825,0265,2115,3235,4006,0496,9787,77310,19512,05312,34412,918
CWIP2631471201758531,8402,3553,0341,9871,3781,386990
Investments3583272102402592763072972733199060
Other Assets1,5031,4441,5291,4321,6921,9671,8142,0542,1382,5192,5092,661
Total Assets7,0066,9447,0717,1698,20310,13211,45513,15714,59216,27016,32916,629
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9321,0891,1171,1247937481,8921,1351,4121,8981,3991,611
Cash from Investing Activity-477-261-280-490-1,202-1,921-1,779-1,816-1,694-1,911-542-338
Cash from Financing Activity-436-950-665-7936531,194-64715274-28-782-1,257
Net Cash Flow18-122172-159243215035-8-417516
Free Cash Flow492791813630-410-1,171126-676-352-164581,216
CFO/OP139%115%108%116%91%77%135%100%122%124%115%115%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days384851373536262121333132
Inventory Days280341314273242270253342240209215196
Days Payable123133140130111143154199174211199228
Cash Conversion Cycle195256225179165163125165873148-0
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.11%42.11%42.29%42.29%42.29%42.75%42.55%42.55%42.55%42.55%42.55%42.55%
FIIs7.85%7.94%7.43%7.38%6.61%6.88%7.29%8.43%8.15%7.98%8.04%7.52%
DIIs33.37%32.92%32.24%31.14%30.87%30.89%30.14%27.85%28.48%28.15%28.92%29.50%
Government3.39%3.39%3.39%3.39%3.39%3.39%3.39%3.39%3.39%3.39%3.39%3.39%
Public13.29%13.64%14.66%15.81%16.85%16.10%16.64%17.77%17.42%17.94%17.10%17.04%
No. of Shareholders47,10546,99356,32776,16576,44763,10162,36056,97257,83856,02952,68053,616

Fundamentals

Market Cap₹ 19,949 Cr.
Current Price₹ 844
Stock P/E105
Book Value₹ 343
ROCE6.13 %
ROE0.38 %
Dividend Yield0.30 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)38%
Consolidated figures.
Valuation
Market capRs 19,632 Cr
Enterprise valueRs 23,276 Cr
P/E (TTM)30.44x
Price to book2.43x
Price to sales2.13x
EV / EBITDA11.92x
EV / EBIT19.29x
EV / sales2.52x
Price to cash flow12.19x
Earnings yield3.28%
Dividend yield0.30%
P/E, 3-year average54.02x
P/B, 3-year average2.73x
P/E, 5-year average47.90x
P/B, 5-year average2.71x
Profitability
Operating margin (excl. other income)15.92%
Operating margin (incl. other income)22.51%
EBITDA margin21.16%
Pre-tax margin8.63%
Net profit margin6.99%
Net margin, latest quarter1.37%
ROE8.99%
ROCE10.73%
ROA4.24%
ROE, 3-year average5.94%
ROCE, 3-year average8.43%
ROA, 3-year average2.75%
ROE, 5-year average7.35%
ROCE, 5-year average8.25%
ROA, 5-year average3.54%
ROIC (approx.)8.17%
Tax rate20.56%
Other income / net worth7.35%
Growth
Sales growth (latest year)5.99%
Profit growth (latest year)156.24%
Sales CAGR, 3 years3.44%
Sales CAGR, 5 years11.28%
Profit CAGR, 3 years30.48%
Profit CAGR, 5 years-2.27%
Sales growth QoQ-12.92%
Profit growth QoQ-79.28%
Sales growth YoY (latest quarter)9.60%
Profit growth YoY (latest quarter)-63.27%
Per share
EPS (TTM)Rs 27.29
EPS (latest year)Rs 29.57
EPS (latest quarter)Rs 1.32
EPS, 3-year averageRs 18.78
EPS, 5-year averageRs 21.39
Book value per shareRs 342.52
Sales per shareRs 390.52
Cash flow per shareRs 68.18
Free cash flow per shareRs 51.46
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 2.33
Dividend per share, 5-year averageRs 2.40
Dividends
Dividend payout8.46%
Dividend payout, 3-year average14.07%
Dividend payout, 5-year average13.05%
Efficiency
Asset turnover0.54x
Fixed asset turnover0.70x
Inventory turnover6.41x
Inventory days57 days
Debtor days32 days
Debtors turnover11.39x
Creditor days228 days
Cash conversion cycle-0 days
Working capital days-90 days
Leverage
Total debtRs 3,871 Cr
Cash and bankRs 227 Cr
Net debtRs 3,644 Cr
Debt to equity0.48x
Net debt / EBITDA1.87x
Interest coverage2.94x
Current ratio (filing 2026-03-31)0.54x
Quick ratio (filing 2026-03-31)0.31x
Trade payables (filing 2026-03-31)Rs 1,201 Cr
Owners' fund to total sources48.67%
Debt to assets23.28%
Cash flow
Cash from Operating Activity (latest year)Rs 1,611 Cr
Cash from Investing Activity (latest year)Rs -338 Cr
Cash from Financing Activity (latest year)Rs -1,257 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs 1,216 Cr
FCFE (approx.: FCF + change in debt)Rs 412 Cr
Cash from ops / profit, 5 years2.96x
Sales to cash flow5.60x
Statement figures
Net sales (TTM)Rs 9,228 Cr
Net sales (latest year)Rs 9,029 Cr
Sales (latest quarter)Rs 2,273 Cr
Operating profit excl. other income (latest year)Rs 1,437 Cr
Operating profit (latest quarter)Rs 306 Cr
Other income (TTM)Rs 608 Cr
EBITDA (TTM)Rs 1,953 Cr
PBDT (TTM)Rs 1,543 Cr
Profit before tax (TTM)Rs 797 Cr
Tax (latest year)Rs 179 Cr
Net profit (TTM)Rs 645 Cr
Net profit (latest year)Rs 699 Cr
Net profit (latest quarter)Rs 31 Cr
Depreciation (TTM)Rs 746 Cr
Depreciation (latest quarter)Rs 190 Cr
Interest (TTM)Rs 410 Cr
Cost of goods sold (latest year)Rs 6,596 Cr
Total expenditure (latest year)Rs 7,591 Cr
Total income (latest year)Rs 9,623 Cr
Share capitalRs 24 Cr
ReservesRs 8,070 Cr
Shareholders' fundsRs 8,094 Cr
Total assetsRs 16,629 Cr
Net blockRs 12,918 Cr
Capital work in progressRs 990 Cr
InvestmentsRs 60 Cr
ReceivablesRs 793 Cr
InventoryRs 1,030 Cr
Other liabilitiesRs 4,664 Cr
Shares outstanding (crore)23.63
Ownership
Promoter holding42.55% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 30.4 is at the 44th percentile of its own 9.4-year range (median 31.1, low 17.1, high 102.0).
P/B 2.43 is at the 3th percentile (median 3.42).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAMCOCEMNifty 50Difference
1 week-4.7%-2.8% -1.9 pts
1 month-5.1%-6.8% +1.7 pts
3 months-12.3%-7.6% -4.7 pts
6 months-9.7%+0.4% -10.1 pts
1 year-19.2%-9.9% -9.3 pts
2 years-2.4%-13.6% +11.1 pts
3 years-8.7%+14.2% -22.9 pts
5 years-16.1%+27.9% -44.0 pts
79 mutual fund schemes hold about ₹5,074 Cr. Over three months 41 bought more and 10 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Flexi Cap Fund1.20%677 +7%
Kotak Flexi Cap Fund1.20%674 +7%
Nippon India Small Cap Fund0.54%447 +2%
SBI Large & Midcap Fund0.98%413 +4%
HDFC Flexi Cap Fund0.31%349 +1%
Tata Small Cap Fund2.15%281 +48%
HSBC Value Fund1.33%204 +4%
SBI Contra Fund0.39%185 +7%
HDFC Aggressive Hybrid Fund0.63%141 +8%
Tata Large & Mid Cap Fund1.83%141 +61%
SBI Children's Fund-Investment Plan1.77%138 +760%
Franklin India Small Cap Fund0.78%115 +5%
Canara Rob Small Cap Fund0.69%102 +3%
Franklin India Mid Cap Fund0.72%94 +3%
Aditya Birla SL Small Cap Fund1.44%89 -1%
Bandhan Value Fund0.88%88 +11%
Mahindra Manulife Multi Cap Fund0.92%70 -3%
HDFC ELSS-Tax Saver Fund0.44%70 +6%
Tata Infrastructure Fund3.03%63 +12%
Mahindra Manulife Small Cap Fund1.13%62 -43%
Bandhan ELSS-Tax Saver Fund0.88%62 +15%
Tata Infrastructure Fund3.03%61 +12%
HDFC Retirement Fund-Equity Plan0.69%48 +5%
Tata Business Cycle Fund1.85%48 +19%
Tata Flexi Cap Fund1.29%47 +25%

Red flags

F-score 8 of 8
lookProfit leans on other income Other income was 68% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-03-26ALAGARAJA RAMALAKSHMIPromoter Groupother368,000Rs 30.73 CrOthers
2024-03-26SETHULAKSHMI JAYARAMANPromoter Groupother368,000Rs 30.73 CrOthers
2022-09-26P R VENKETRAMA RAJAPromotersother150,000Rs 10.76 CrRevokation of Pledge
2022-09-14NALINA RAMALAKSHMIPromoter Groupsell50,000Rs 3.99 CrMarket Sale
2022-09-13NALINA RAMALAKSHMIPromoter Groupsell25,000Rs 2.00 CrMarket Sale
2022-06-06P R VENKETRAMA RAJAPromotersother47,500Rs 3.00 CrRevokation of Pledge
2022-03-29RAJAPALAYAM MILLS LIMITEDPromoter Groupsell32,686Rs 2.41 CrMarket Sale
2022-03-29NALINA RAMALAKSHMIPromoter Groupsell10,000Rs 0.74 CrMarket Sale
2022-03-28RAJAPALAYAM MILLS LIMITEDPromoter Groupother3,847,000Rs 280.02 CrOthers
2022-03-16RAJAPALAYAM MILLS LIMITEDPromoter Groupsell67,500Rs 5.00 CrMarket Sale
2022-03-16P R VENKETRAMA RAJAPromotersother200,000Rs 14.62 CrInter-se-Transfer
2022-03-16RAMCO INDUSTRIES LIMITEDPromoter Groupother200,000Rs 14.70 CrInter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2,273 Cr +9.6% vs Jun 2025. Net profit ₹31 Cr -63.5%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
UltraTech Cement Ltd319,10837.012.7 %
Grasim Industries Ltd210,96636.88.01 %
Ambuja Cements Ltd90,88219.35.61 %
Shree Cement Ltd79,01748.510.3 %
J K Cements Ltd37,27838.215.1 %
Dalmia Bharat Ltd30,71228.07.59 %
ACC Ltd22,58311.911.2 %
JSW Cement Ltd15,34919.511.1 %
Nuvoco Vistas Corporation Ltd11,79328.46.99 %
India Cements Ltd9,41269.71.24 %
Star Cement Ltd7,19819.016.6 %
Birla Corporation Ltd6,54511.79.78 %
JK Lakshmi Cement Ltd6,08515.812.0 %
Prism Johnson Ltd5,50046.95.92 %
HeidelbergCement India Ltd2,95124.314.7 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-08-13Dividend - Rs 2.50 Per Share
2025-08-06Dividend - Rs 2 Per Share
2024-08-09Annual General Meeting/Dividend - Rs 2.50 Per Share
2023-08-03Annual General Meeting/Dividend - Rs 2 Per Share
2022-08-02Annual General Meeting/Dividend - Rs 3 Per Share
2021-08-11 Annual General Meeting
2021-03-22 Interim Dividend - Rs 3 Per Share
2020-08-28 Annual General Meeting
2020-03-11 Interim Dividend - Rs 2.5 Per Sh
2019-07-31 Annual General Meeting/Dividend Rs 3 Per Sh
2018-07-26 Annual General Meeting / Dividend- Rs 3 Per Share
2017-07-27 Dividend - Rs 3 Per Share
2016-03-18 Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2015-07-29Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2014-07-18Annual General Meeting And Final Dividend Re.1/- Per Share
2013-07-19Annual General Meeting And Final Dividend Re.1/- Per Share
2013-02-15Interim Dividend Rs 1 Per Share (Purpose Revised)
2012-11-09Interim Dividend Re.1/- Per Share (Purpose Revised)
2012-07-26Annual General Meeting/Dividend Re 0.50 Per Share
2012-03-27Interim Dividend Rs.2/- Per Share (Purpose Revised)
2011-08-02Dividend-Rs.1.25 Per Share
2010-07-23Dividend Rs0.50 Per Share
2009-10-30Int Div-Rs.1.50 Per Sharepurpose Revised
2009-07-28Agm/Div-Re.1/- Per Share
2009-02-04Int Div-Re.1 Per Share Purpose Revised
2008-10-01Fv Spl-Rs10tore1/Bon-1:10.1000
2008-08-01Agm/Div-Rs10+Gld Jub-Rs10
2008-02-052nd Int Div-Rs.10 Per Sh Purpose Revised
2007-10-26Int Div-Rs.10.00 Per Sh Purpose Revised
2007-07-18Agm/Fin Div-Rs.10 Per Sh
2007-02-022nd Interim Dividend-75% Purpose Revised
2006-11-03Interim Dividend-75% Purpose Revised
2006-07-18Agm/Div-Rs.5/- Per Sh
DateTypeWhat it says
2026-09-29Capacity additionCapacity Expansion
2026-09-19Press ReleaseA press release dated September 18, 2026, titled "Hard Worker Wins Three Honours at Kyoorius Design Awards 2026, Including the Grand Prix Grey Elephan...
2026-09-10Concall / analyst meetCancellation of Investor Meet
2026-09-10Press ReleaseA press release dated September 09, 2026, titled "Press Release on our Companys Pandalgudi mine restoration earns international biodiversity recogniti...
2026-09-03Shareholder meetingWith copy of minutes of Annual General Meeting held on August 20, 2026
2026-08-31Concall / analyst meetSchedule of meet
2026-08-24General UpdatesGeneral Updates - Intimation regarding cessation of Mineral Bearing Land Tax
2026-08-21Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-12Concall / analyst meetUpdate on Schedule of meet
2026-08-10Concall / analyst meetSchedule of meet
2026-08-07General UpdatesGeneral Updates - Investors Presentation for the quarter ended 30th June 2026
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Press Release on Standalone Unaudited Results for Q1FY27".
2026-08-07Board meeting outcomeThe Ramco Cements Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026
2026-08-05General UpdatesGeneral Updates - Disposal of Non - Core Assets
2026-07-22UpdatesPhysical Communication To Shareholders - Web Link And Exact Path Of Integrated Annual Report For Financial Year 2025-26. - Copy of Physical communicat...
2026-07-22UpdatesCommunication To Shareholders - Notice For 68Th AGM And Integrated Annual Report For 2025-26 And Intimation On Tax Deduction At Source On Dividend For...
2026-07-21Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-04UpdatesRegualtion 6 (1) and 7 (1) of SEBI LODR .
2026-06-20Change in ManagementThe list of Senior Management Personnel of the company approved by the Board of Directors.
2026-06-20General UpdatesGeneral Updates - Updates on Scheme of Amalgamation
2026-06-13General UpdatesGeneral Updates - Update on ongoing litigations
2026-06-04General UpdatesGeneral Updates- Update on Ongoing Litigations
2026-06-01General UpdatesGeneral Updates - Updates On Scheme Of Amalgamation
2026-05-25Press ReleaseA press release dated May 25, 2026, titled "Press Release on our Companys Hard Worker Campaign Winning 6 Honours including the coveted Grey Elephant G...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-09-28NCLATThe Ramco Cements Limited VS Competition Commission of India and Anr.
2021-06-04NCLATThe Ramco Cements Limited VS Competition Commission of India & Anr.
2019-10-21NCLATThe Ramco Cements Limited VS Competition Commission of India & Anr.
2019-04-18NCLATThe Ramco Cements Limited VS Competition Commission of India and Anr.
2018-07-25NCLATThe Ramco Cements Limited VS Competition Commission of India & Ors.
2018-05-07NCLATThe Ramco Cements Limited VS Competition Commission of India & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of The Ramco Cements Ltd?

The Ramco Cements Ltd (RAMCOCEM) has a market capitalisation of Rs 19,949 Cr. at the 2026-10-01 close.

What is the P/E ratio of The Ramco Cements Ltd?

The Ramco Cements Ltd trades at a P/E of 105 on trailing twelve-month profit, at the 2026-10-01 close.

What were The Ramco Cements Ltd's latest quarterly results?

In the Jun 2026 quarter, The Ramco Cements Ltd sales was Rs 2,273 Cr (+9.6% vs Jun 2025) and net profit was Rs 31 Cr.

What is the 52-week high and low of The Ramco Cements Ltd?

The 52-week high is Rs 1,214.50 and the 52-week low is Rs 822.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03