The Ramco Cements Limited
₹717.80-₹13.05 (-1.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹25,613 Cr
- P/E
- 133.0x
- EV / EBITDA
- 18.8x
- Revenue
- ₹8,495 Cr
- Net margin
- 4.2%
- ROCE
- 12.9%
Price chart
Technical chartScreen technicals →-32.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -15.2%
- 3M
- -21.5%
- 6M
- -23.5%
- 1Y
- -32.0%
- 5Y
- -33.9%
52-week range
Day change -₹13.05 (-1.8%) from ₹731 to ₹718 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in RAMCOCEM, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 2.06
Concerns1
- Low return on equity of 5.5%
Rule-based from financial data. Not advice.
About the company
The Ramco Cements Limited manufactures and sells cement and construction Chemicals in India. The company offers blended cements and OPC products; ready mix concrete; and construction chemical products, including waterproofing compound, anchoring grout, micro concrete, bonding agent, plaster and putty, block fix, Tilefix, and Tilegrout.
Read moreShow less
The Ramco Cements Limited manufactures and sells cement and construction Chemicals in India. The company offers blended cements and OPC products; ready mix concrete; and construction chemical products, including waterproofing compound, anchoring grout, micro concrete, bonding agent, plaster and putty, block fix, Tilefix, and Tilegrout. It also provides construction solutions for housing projects, apartments/institutions, public infrastructure projects, and industrial projects; and technical assistance and after-sales support to builders and customers. In addition, the company is involved in the generation and sale of electricity from windmills and thermal power plants; manpower supply; transportation of goods by road; and information technology services. It also sells its products to the Maldives and Myanmar through direct and merchant exports. The company was formerly known as Madras Cements Ltd. and changed its name to The Ramco Cements Limited in July 2013. The Ramco Cements Limited was incorporated in 1957 and is headquartered in Chennai, India.
- Sector
- Materials
- Shares outstanding
- 23.6 Cr shares
- ISIN
- INE331A01037
- BSE code
- 500260
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹25,613 Cr
- P/E
- 133.0x
- P/B
- 3.4x
- EV / EBITDA
- 18.8x
- EV / Sales
- 3.2x
- P/S
- 2.7x
- Earnings yield
- 0.8%
- 52-week high
- ₹1,203.65
- 52-week low
- ₹717.80
Profitability
- Operating margin
- 16.6%
- Net margin
- 4.2%
- EBITDA margin
- 17.1%
- ROE
- 5.5%
- ROCE
- 12.9%
- ROA
- 2.4%
- Dividend payout
- 15.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 7.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,495 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,595 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,887 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹75.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.4%
Solvency and efficiency
- Current ratio
- 0.67
- Debt / Equity
- 0.69
- Debt / Assets
- 0.31
- Debt / EBITDA
- 3.09
- Interest coverage
- 3.73
- Financial leverage
- 2.26
- CFO / Net profit
- 4.78
- Cash / Market cap
- 9.9%
- Cash per share
- ₹106.92
- Asset turnover
- 0.58
- Fixed asset turnover
- 0.78
- Capital intensity
- 1.29
- Debtor days
- 33 days
- Inventory turnover
- 1.75
- Cash conversion cycle
- 31 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,262 Cr |
| Sales | Operating profit | ₹1,233 Cr |
| Operating profit | Interest | ₹460 Cr |
| Operating profit | Depreciation | ₹691 Cr |
| Operating profit | Profit before tax | ₹82 Cr |
| Other income | Profit before tax | ₹384 Cr |
| Profit before tax | Tax and other | ₹49 Cr |
| Profit before tax | Net profit | ₹417 Cr |
Revenue and net profit
Revenue fell 9.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,268 Cr | ₹761 Cr |
| FY2022 | ₹5,980 Cr | ₹893 Cr |
| FY2023 | ₹8,135 Cr | ₹344 Cr |
| FY2024 | ₹9,350 Cr | ₹395 Cr |
| FY2025 | ₹8,495 Cr | ₹417 Cr |
Cash flows
FY2025: ₹1,402 Cr from operations, ₹857 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,885 Cr | ₹114 Cr |
| FY2022 | ₹1,129 Cr | -₹681 Cr |
| FY2023 | ₹1,405 Cr | -₹282 Cr |
| FY2024 | ₹1,887 Cr | -₹13 Cr |
| FY2025 | ₹1,402 Cr | ₹857 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,495 Cr-9.1%1Y
- Net profit
- ₹417 Cr+5.6%1Y
- Cash from operations
- ₹1,402 Cr
- Free cash flow
- ₹857 Cr
- Revenue CAGR, 5Y
- 11.7%
- EBITDA CAGR, 5Y
- 6.3%
- Net profit CAGR, 5Y
- -8.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,495 Cr | ₹1,233 Cr | — | ₹417 Cr | ₹1,402 Cr | ₹857 Cr | 5.6% | -9.1% | +5.6% |
Monthly returns
Month-by-month returns of RAMCOCEM across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹16,374 Cr |
| Equity capital | ₹24 Cr |
| Reserves | ₹7,470 Cr |
| Borrowings | ₹4,675 Cr |
| Other liabilities | ₹4,206 Cr |
| Assets | ₹16,374 Cr |
| Fixed assets | ₹12,338 Cr |
| Capital work in progress | ₹1,386 Cr |
| Investments | ₹135 Cr |
| Other assets | ₹2,515 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
RAMCOCEM trades at 133.0x earnings against a peer median of 35.5x (a 275% premium).
Not shown (no positive earnings and no EV / Sales): KIOCL Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| The Ramco Cements LimitedRAMCOCEMthis companyP/E ↑ premium | ₹25,613 Cr | 133.0x | 3.4x | 5.5% | 18.8x |
| ACC LtdACC | ₹32,052 Cr | 10.0x | 1.6x | — | — |
| Navin Fluorine International LimitedNAVINFLUOR | ₹30,702 Cr | 79.0x | 8.9x | 11.4% | 62.9x |
| Himadri Speciality Chemical Ltd.HSCL | ₹23,955 Cr | 35.8x | 5.9x | 13.8% | 35.2x |
| Shyam Metalics and Energy LimitedSHYAMMETL | ₹22,691 Cr | 43.5x | 3.7x | 6.3% | 30.4x |
| SUMITOMO CHEMICAL INDIA LIMITEDSUMICHEM | ₹22,020 Cr | 40.7x | 6.9x | 15.2% | 37.9x |
| KIOCL LimitedKIOCL | ₹22,004 Cr | — | 13.3x | -4.3% | -995.6x |
| Deepak Nitrite LimitedDEEPAKNTR | ₹21,434 Cr | 101.0x | 6.8x | 14.7% | 32.6x |
| Bayer CropScience Limited.BAYERCROP | ₹19,912 Cr | 32.7x | 6.4x | 26.0% | 18.5x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
RAMCOCEM since 1 January, against earlier years.
Historical volatility
RAMCOCEM's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 29.0% |
| FY2022 | 21.0% |
| FY2023 | 15.0% |
| FY2024 | 17.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,495 Cr |
| Costs | |
| Interest | ₹460 Cr |
| Expenses | ₹7,262 Cr |
| Operating profitOperating Profit | ₹1,233 Cr |
| Other income and charges | |
| Profit before tax | ₹466 Cr |
| Tax | |
| Net profitNet Profit | ₹417 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹16,374 Cr |
| Equity capitalEquity Capital | ₹24 Cr |
| Reserves | ₹7,470 Cr |
| Borrowings | ₹4,675 Cr |
| Other liabilitiesOther Liabilities | ₹4,206 Cr |
| AssetsTotal Assets | ₹16,374 Cr |
| Fixed assetsFixed Assets | ₹12,338 Cr |
| Capital work in progressCWIP | ₹1,386 Cr |
| Investments | ₹135 Cr |
| Other assetsOther Assets | ₹2,515 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,402 Cr |
| Investing cash flowCash from Investing Activity | -₹545 Cr |
| Financing cash flowCash from Financing Activity | -₹782 Cr |
| Change in cashNet Cash Flow | ₹75 Cr |
Learn while you research
Academy chapters picked for The Ramco Cements Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 133.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read