The Ramco Cements Ltd

The Ramco Cement Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

The Ramco Cements Ltd

₹ 914 1.20%
21 Nov 4:00 p.m.
ramcocements.in BSE: 500260 NSE: RAMCOCEM
About

Ramco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India.[1]

Key Points

Product Offerings
The company produces 12 types of cement for different uses. [1]
It also manufactures and sells dry mix products and ready mix concrete (RMC) [2]

Website BSE NSE
  • Market Cap ₹ 21,603 Cr.
  • Current Price ₹ 914
  • High / Low ₹ 1,058 / 700
  • Stock P/E 79.3
  • Book Value ₹ 306
  • Dividend Yield 0.28 %
  • ROCE 8.10 %
  • ROE 5.02 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 2.96 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.75% over last 3 years.
  • Dividend payout has been low at 13.2% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - South India

Part of Nifty Smallcap 50 Nifty Smallcap 250 Nifty Smallcap 100 BSE Allcap BSE Commodities

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,503 1,552 1,713 1,779 1,794 2,012 2,573 2,247 2,341 2,111 2,678 2,094 2,044
1,103 1,324 1,418 1,476 1,606 1,729 2,161 1,903 1,935 1,714 2,259 1,773 1,730
Operating Profit 400 229 295 303 188 283 412 343 406 397 419 320 314
OPM % 27% 15% 17% 17% 10% 14% 16% 15% 17% 19% 16% 15% 15%
7 6 9 6 7 9 11 7 12 7 14 8 10
Interest 29 25 33 47 55 61 77 93 117 102 104 113 120
Depreciation 99 100 108 107 122 136 141 150 163 180 154 168 170
Profit before tax 279 110 163 155 18 95 205 108 138 121 175 48 34
Tax % -86% 27% 24% 27% 30% 31% 26% 27% 27% 31% 26% 27% 27%
517 75 118 109 4 51 151 74 72 82 129 37 26
EPS in Rs 21.86 3.20 5.02 4.61 0.13 2.18 6.38 3.15 3.05 3.58 5.46 1.57 1.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,684 3,655 3,582 3,967 4,425 5,162 5,389 5,291 6,004 8,157 9,376 8,927
3,120 2,935 2,504 2,759 3,310 4,117 4,241 3,733 4,713 6,971 7,811 7,477
Operating Profit 564 721 1,077 1,208 1,115 1,046 1,149 1,558 1,291 1,186 1,565 1,450
OPM % 15% 20% 30% 30% 25% 20% 21% 29% 22% 15% 17% 16%
63 85 75 40 32 25 34 30 28 33 39 38
Interest 189 196 184 105 61 53 73 88 113 241 416 439
Depreciation 306 251 305 286 294 300 317 357 402 506 646 671
Profit before tax 131 358 663 857 792 718 792 1,144 803 472 542 378
Tax % 13% 32% 20% 24% 29% 29% 24% 33% -11% 28% 27%
114 247 545 664 566 511 605 784 882 315 356 272
EPS in Rs 4.81 10.34 22.90 27.84 23.95 21.68 25.65 33.22 37.30 13.31 15.23 11.70
Dividend Payout % 21% 15% 13% 11% 13% 14% 10% 9% 8% 15% 16%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 21%
TTM: -3%
Compounded Profit Growth
10 Years: 12%
5 Years: -7%
3 Years: -23%
TTM: -22%
Stock Price CAGR
10 Years: 10%
5 Years: 3%
3 Years: -3%
1 Year: -7%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 24
Reserves 2,435 2,602 3,109 3,772 4,089 4,513 4,978 5,708 6,595 6,837 7,214 7,215
2,910 2,734 2,141 1,437 1,121 1,637 3,032 3,110 3,950 4,507 4,936 5,223
1,476 1,646 1,670 1,838 1,936 2,029 2,099 2,613 2,589 3,224 4,095 4,034
Total Liabilities 6,846 7,006 6,944 7,071 7,169 8,203 10,132 11,455 13,157 14,592 16,270 16,496
4,650 4,882 5,026 5,211 5,323 5,400 6,049 6,978 7,773 10,195 12,053 12,378
CWIP 354 263 147 120 175 853 1,840 2,355 3,034 1,987 1,378 1,248
Investments 283 358 327 210 240 259 276 307 297 273 319 268
1,559 1,503 1,444 1,529 1,432 1,692 1,967 1,814 2,054 2,138 2,519 2,603
Total Assets 6,846 7,006 6,944 7,071 7,169 8,203 10,132 11,455 13,157 14,592 16,270 16,496

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
509 932 1,089 1,117 1,124 793 748 1,892 1,135 1,412 1,906
-571 -477 -261 -280 -490 -1,202 -1,921 -1,779 -1,816 -1,694 -1,911
53 -436 -950 -665 -793 653 1,194 -64 715 274 -28
Net Cash Flow -9 18 -122 172 -159 243 21 50 35 -8 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 30 38 48 51 37 35 36 26 21 21 33
Inventory Days 363 280 341 314 273 242 270 253 342 240 209
Days Payable 93 123 133 140 130 111 143 154 199 174 211
Cash Conversion Cycle 300 195 256 225 179 165 163 125 165 87 31
Working Capital Days 19 18 -16 -8 -5 -4 23 -11 -11 -23 -34
ROCE % 10% 16% 18% 16% 13% 12% 15% 9% 6% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
42.47% 42.33% 42.33% 42.29% 42.29% 42.29% 42.11% 42.11% 42.11% 42.29% 42.29% 42.29%
8.15% 7.63% 6.86% 6.63% 7.14% 7.55% 7.95% 7.85% 7.94% 7.43% 7.38% 6.61%
32.29% 32.63% 33.40% 33.75% 32.25% 32.46% 32.44% 33.37% 32.92% 32.24% 31.14% 30.87%
3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39% 3.39%
13.70% 14.03% 14.03% 13.96% 14.94% 14.31% 14.11% 13.29% 13.64% 14.66% 15.81% 16.85%
No. of Shareholders 43,20551,39158,78357,80959,20654,63847,89747,10546,99356,32776,16576,447

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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