The Ramco Cements Ltd.

NSE: RAMCOCEM · Construction Materials

₹817.35+0.70%06 Nov 2026

Ask the data

Instant answers about The Ramco Cements Ltd. — computed from its filings, no language model

Market cap₹19,314 cr

Current price₹817.35

High / Low₹1,205 / ₹720

P/E31.8

P/B2.38

Book value₹343.0

ROE7.5%

ROCE9.5%

Debt / equity0.49

Dividend yield0.24%

EPS (TTM)₹25.73

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,389	5,291	6,004	8,157	9,376	8,518	9,029
EBITDA	1,147	1,557	1,290	1,186	1,565	1,233	1,436
Operating margin	21.3%	29.4%	21.5%	14.5%	16.7%	14.5%	15.9%
Interest	72	88	112	241	416	459	419
Depreciation	317	357	402	506	646	695	740
Profit before tax	792	1,144	803	472	542	319	871
Tax	188	380	-89	130	148	51	179
Net profit	604	784	881	315	360	273	699
EPS ₹	26.00	34.00	39.00	13.76	15.77	11.53	29.56
Operating cash flow	—	—	1,135	1,412	1,906	1,399	1,611
Capex	—	—	1,817	1,766	1,923	1,024	997
Dividend paid	—	—	0	71	47	59	47
Total assets	10,133	11,455	—	14,595	16,273	16,330	16,636
Equity	5,001	5,732	—	6,861	7,238	7,442	8,094

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,389	1,324	1,282	1,394	1,048	1,266	1,344	1,634	1,235	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	1,983	2,397	2,074	2,239	2,106	2,610	2,273	2,463
Operating profit	362	300	205	280	263	447	398	449	366	400	229	295	303	188	283	412	343	406	397	419	320	314	279	319	398	388	280	371	306	326
Operating margin	26.1%	22.7%	16.0%	20.1%	25.1%	35.3%	29.6%	27.5%	29.7%	26.6%	14.7%	17.2%	17.0%	10.5%	14.1%	16.0%	15.3%	17.3%	18.8%	15.6%	15.3%	15.4%	14.1%	13.3%	19.2%	17.3%	13.3%	14.2%	13.5%	13.3%
Other income	8	8	8	10	9	8	6	8	5	7	6	9	6	7	9	11	7	12	7	14	8	10	11	12	6	7	17	12	7	7
Interest	14	15	22	22	30	27	16	15	24	29	25	33	47	55	61	77	93	117	102	104	113	120	113	113	105	111	108	95	96	93
Depreciation	76	77	80	83	85	86	90	96	96	99	100	108	107	122	136	141	150	163	180	154	168	170	175	183	184	183	185	188	190	190
Profit before tax	280	216	111	185	158	343	298	345	252	279	110	163	155	18	95	205	108	138	121	175	48	34	191	46	115	100	483	173	40	55
Tax	87	46	15	40	47	104	96	133	82	-240	30	40	42	5	29	54	29	37	37	45	13	9	8	21	30	24	98	27	9	15
Net profit	195	172	96	143	117	244	207	216	171	516	76	119	109	3	52	151	74	72	84	129	37	26	182	27	85	77	386	151	31	40
EPS ₹	9.00	7.00	4.00	6.00	5.00	11.00	9.00	9.00	7.00	23.00	3.00	6.00	5.00	0.13	2.26	6.60	3.26	3.15	3.70	5.65	1.63	1.12	7.62	1.16	3.60	3.27	16.31	6.38	1.32	1.71
Revenue YoY	—	—	—	—	-24.6%	-4.4%	4.8%	17.2%	17.9%	18.7%	15.5%	4.9%	44.1%	19.3%	29.6%	50.1%	26.3%	30.5%	4.9%	4.1%	-6.8%	-12.7%	-6.0%	-10.5%	-0.9%	9.5%	6.2%	8.9%	9.6%	10.0%
Profit YoY	—	—	—	—	-39.8%	41.4%	115.6%	51.1%	46.2%	111.8%	-63.4%	-45.1%	-36.4%	-99.4%	-31.8%	27.2%	-31.7%	2238.3%	63.8%	-14.5%	-50.1%	-64.3%	115.9%	-78.8%	128.8%	200.9%	111.4%	449.8%	-63.3%	-47.7%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

The Ramco Cements Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	3,278	3,863	3,761	3,724	3,678	4,446	4,566	5,146
Operating profit	961	1,039	641	792	1,141	1,208	1,099	1,037
Operating margin	29.3%	26.9%	17.0%	21.3%	31.0%	27.2%	24.1%	20.1%
Other income	10	9	8	8	9	11	37	28
Interest	158	179	188	194	180	104	59	51
Depreciation	254	281	306	250	267	266	292	299
Profit before tax	558	589	154	356	703	850	785	716
Tax	173	185	17	114	145	201	229	210
Net profit	385	404	138	242	558	649	556	506

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	500	512	615	667	611	770	851	611	700	650	583	768	826	744	940	995	1,006	905	958	987	921	868	985	959	951	816	997	951	891	821	1,015	972	1,172	1,111	1,190	1,189	1,066	1,056	1,255	1,220	1,184	1,210	1,532
Operating profit	215	191	223	230	160	291	340	111	196	115	152	248	274	210	228	313	320	235	171	223	134	155	129	171	216	130	274	251	291	254	345	304	357	294	253	290	302	235	272	250	247	214	325
Operating margin	42.9%	37.2%	36.2%	34.6%	26.2%	37.8%	39.9%	18.2%	27.9%	17.7%	26.0%	32.3%	33.2%	28.3%	24.2%	31.4%	31.8%	25.9%	17.9%	22.6%	14.5%	17.8%	13.1%	17.9%	22.7%	15.9%	27.5%	26.4%	32.6%	30.9%	34.0%	31.3%	30.4%	26.5%	21.2%	24.4%	28.3%	22.3%	21.7%	20.5%	20.9%	17.7%	21.2%
Other income	3	2	1	3	2	2	2	2	2	3	2	2	3	2	3	2	2	2	3	2	2	2	2	2	2	2	2	2	2	2	3	2	2	2	6	5	7	5	19	5	6	7	11
Interest	8	8	20	30	30	38	38	38	35	35	35	48	42	37	31	54	51	43	31	45	47	46	50	50	48	48	47	49	45	42	44	29	28	26	20	15	17	16	10	11	13	13	13
Depreciation	26	22	31	31	36	45	47	51	54	55	54	64	63	61	66	78	75	69	58	76	77	77	77	63	62	63	62	67	67	68	65	66	67	66	66	72	72	73	75	73	73	76	77
Profit before tax	184	162	173	172	96	210	257	25	109	28	65	138	172	114	134	182	197	124	86	104	12	34	4	61	108	21	167	138	181	146	239	211	264	204	172	208	220	151	205	170	167	131	247
Tax	63	51	59	59	33	71	87	9	36	-4	22	40	61	37	35	59	64	41	22	35	-6	8	-21	24	19	-2	74	40	42	28	34	55	57	52	37	52	51	29	97	45	53	30	81
Net profit	121	111	114	114	63	138	170	16	73	31	43	98	111	77	99	123	133	84	64	69	18	26	25	36	90	23	93	97	139	118	204	156	207	152	134	156	169	123	109	125	114	101	165
EPS ₹	100.00	9.10	96.00	4.77	2.63	6.00	7.00	1.00	3.00	1.00	2.00	4.00	5.00	3.00	4.00	5.00	0.60	4.00	3.00	3.00	0.77	1.07	1.00	2.00	4.00	1.00	4.00	4.00	6.00	5.00	9.00	7.00	9.00	6.00	6.00	7.00	7.00	5.00	5.00	5.00	5.00	4.00	7.00
Revenue YoY	—	—	—	33.3%	19.2%	25.1%	27.7%	-0.1%	-9.0%	-23.7%	-4.5%	9.7%	27.0%	27.6%	—	29.6%	21.8%	21.6%	1.8%	-0.8%	-8.4%	-4.1%	2.9%	-2.8%	3.3%	-6.0%	1.2%	-0.9%	-6.3%	0.6%	1.8%	2.2%	31.5%	35.4%	17.3%	22.3%	-9.0%	-4.9%	5.4%	2.6%	11.0%	14.6%	22.1%
Profit YoY	—	—	—	-6.0%	-43.3%	21.5%	49.6%	-74.5%	-47.6%	-81.7%	171.6%	35.4%	256.3%	76.7%	—	25.1%	19.9%	8.8%	-35.3%	-44.0%	-86.3%	-69.4%	-61.0%	-47.3%	391.0%	-10.3%	273.8%	168.9%	54.6%	412.8%	118.7%	59.9%	49.2%	29.0%	-34.2%	-0.1%	-18.6%	-19.2%	-19.2%	-19.8%	-32.1%	-17.7%	52.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	12.1%	10.6%	12.0%	14.2%	13.7%	14.6%	19.4%	17.1%	15.4%	14.3%	4.6%	4.2%	4.6%	4.1%	5.0%	5.4%	5.0%	4.5%	3.8%	5.2%	3.7%	4.3%	4.9%	7.6%	8.6%	8.0%	7.5%
ROCE	10.8%	9.4%	11.2%	13.4%	13.9%	14.9%	14.2%	12.2%	10.4%	9.5%	5.3%	5.5%	6.3%	6.3%	7.4%	8.0%	7.9%	7.5%	6.6%	7.2%	6.4%	6.9%	7.3%	9.7%	10.8%	10.1%	9.5%
Net margin	11.2%	10.5%	12.0%	14.1%	14.8%	15.3%	19.4%	16.5%	14.7%	12.5%	4.5%	3.9%	3.9%	3.2%	3.8%	4.1%	3.8%	3.5%	3.1%	4.3%	3.2%	3.8%	4.3%	6.5%	7.7%	7.0%	6.4%
EBITDA margin	21.3%	20.8%	24.0%	27.5%	29.4%	30.3%	28.2%	24.4%	21.5%	18.7%	14.8%	14.6%	14.5%	14.2%	15.7%	16.8%	16.7%	16.7%	16.2%	15.1%	14.5%	15.4%	15.9%	15.7%	15.9%	14.6%	13.6%
Debt / equity	0.60	0.60	0.60	0.60	0.54	0.54	0.54	0.54	0.54	0.54	0.72	0.72	0.65	0.65	0.72	0.72	0.68	0.68	0.72	0.72	0.63	0.63	0.62	0.62	0.48	0.48	0.49
Interest coverage	11.98	8.59	8.99	11.45	14.05	16.09	14.83	11.47	8.15	6.21	3.76	3.19	2.96	2.48	2.57	2.47	2.30	2.11	1.86	2.00	1.70	1.86	2.02	2.70	3.08	2.94	2.92
Asset turnover	0.53	0.50	0.49	0.50	0.46	0.48	0.50	0.52	0.52	0.57	0.49	0.52	0.56	0.59	0.59	0.59	0.58	0.57	0.54	0.53	0.52	0.52	0.52	0.53	0.54	0.55	0.57

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24	24
Other equity / reserves	2,435	2,602	3,109	3,772	4,089	4,513	4,978	5,708	6,639	6,837	7,009	7,214	7,215	7,418	7,537	8,070	8,082
Total equity	2,459	2,626	3,133	3,795	4,113	4,537	5,001	5,732	6,663	6,861	7,033	7,238	7,239	7,442	7,560	8,094	8,105
Borrowings	2,244	2,281	1,690	1,146	1,001	1,431	3,024	3,102	4,821	4,487	5,044	4,917	5,204	4,652	4,677	3,852	3,963
Current liabilities	1,705	1,429	2,033	2,025	1,824	2,068	2,336	2,419	3,261	3,088	3,615	3,971	4,318	4,313	4,209	4,392	4,754
Non-current liabilities	2,682	2,951	1,777	1,248	1,229	1,595	2,789	3,298	4,084	4,639	5,001	5,060	4,936	4,574	4,807	4,149	3,721
Total assets	6,846	7,006	6,944	7,071	7,169	8,204	10,133	11,455	14,015	14,595	15,656	16,273	16,496	16,330	16,576	16,636	16,581
Property, plant & equipment	4,509	4,784	4,947	5,000	5,128	5,183	5,846	6,776	9,258	9,976	10,398	11,532	11,826	11,754	12,256	12,383	12,178
Capital work-in-progress	350	258	138	97	150	831	1,814	2,325	2,066	1,927	2,378	1,329	1,248	1,353	1,067	922	1,113
Investments	283	358	170	184	212	232	250	279	286	273	317	319	268	90	56	60	60
Inventories	686	522	550	577	561	561	647	599	960	884	1,059	983	1,211	1,016	1,136	1,030	1,132
Receivables	304	380	472	555	443	490	528	376	476	465	475	856	579	730	714	793	775
Cash & equivalents	45	63	84	83	89	60	64	108	50	138	82	97	102	173	89	188	44

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY14‡	FY15‡	FY16‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	509	932	1,089	1,124	793	748	1,892	1,135	1,412	1,906	1,399	1,611
Cash from investing	-571	-477	-261	-490	-1,202	-1,921	-1,779	-1,816	-1,694	-1,911	-542	-338
Cash from financing	53	-436	-665	-793	653	1,194	-64	715	274	-28	-782	-1,257
Capex	620	443	299	496	1,207	1,920	1,767	1,817	1,766	1,923	1,024	997
Free cash flow	-111	489	790	628	-414	-1,172	125	-682	-354	-17	375	614
Dividends paid	—	—	—	—	—	—	—	0	71	47	59	47

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹12,178 cr73%

CWIP

₹1,113 cr7%

Investments

₹60 cr0%

Inventories

₹1,132 cr7%

Receivables

₹775 cr5%

Cash & equivalents

₹44 cr0%

Other assets

₹1,279 cr8%

Peer comparison

largest in Construction Materials · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
UltraTech Cement Ltd.	3,66,877	12,450.00	41.7	4.99	12.0%
Grasim Industries Ltd.	2,19,613	3,227.00	38.6	2.12	5.5%
Ambuja Cements Ltd.	97,064	390.60	34.6	1.63	4.7%
Shree Cement Ltd.	90,561	25,100.00	57.2	3.80	6.6%
J.K. Cement Ltd.	40,488	5,239.80	42.3	5.51	13.0%
Dalmia Bharat Ltd.	27,936	1,470.30	57.0	1.55	2.7%
ACC Ltd.	23,241	1,236.20	26.3	1.12	4.3%
The Ramco Cements Ltd.	19,314	817.35	31.8	2.38	7.5%
JSW Cement Ltd.	16,693	123.41	22.0	2.46	11.2%
Nuvoco Vistas Corporation Ltd.	12,251	343.00	29.5	1.28	4.3%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.3%

6 months-14.9%

1 year-22.7%

3Y CAGR-6.7%

5Y CAGR-5.7%

10Y CAGR+2.9%

50-day avg₹828.91

200-day avg₹936.69

RSI (14)53

Compare The Ramco Cements Ltd. with

J.K. Cement vs The Ramco Cements Dalmia Bharat vs The Ramco Cements ACC vs The Ramco Cements The Ramco Cements vs JSW Cement The Ramco Cements vs Nuvoco Vistas Corporation The Ramco Cements vs India Cements

FAQs

What is the share price of The Ramco Cements Ltd.?

The Ramco Cements Ltd. (RAMCOCEM) closed at ₹817.35 on NSE on 06 Nov 2026.

What is the market cap of The Ramco Cements Ltd.?

₹19,314 crore at the latest close.

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

31.8, on trailing-twelve-month earnings from its filings.

How fast is The Ramco Cements Ltd. growing?

The Ramco Cements Ltd.: revenue has compounded at 3.4% a year over three years; net profit at 30.5% a year. Latest-quarter revenue is up 10.0% year on year, profit down 47.7%.

How profitable is The Ramco Cements Ltd.?

On a trailing-twelve-month basis return on equity is 7.5%, return on capital employed 9.5%, operating margin 13.6%, net margin 6.4%.

How much debt does The Ramco Cements Ltd. have?

The Ramco Cements Ltd. is lightly geared: debt to equity is 0.49 with borrowings of ₹3,963 cr against cash of ₹44 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.9 times.

Financials parsed from The Ramco Cements Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.