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The Ramco Cements Ltd share Price Today

Company details

865.10
876.85
701.65
1,058.20
6M Return 1.76%
1Y Return 23.07%
Mkt Cap.(Cr) 20,555.04
Volume 727,546
Div Yield 0.23%
OI
-
OI Chg %
-
Volume 727,546

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About The Stock

    Ramco Cements is the dominant player in South India with cement capacity of 19.4MT spread across Tamil Nadu, Andhra Pradesh, Odisha and West Bengal. In terms of sales, South contributes ~71% of sales while East contribute 24% which is served via grinding units in WB (2MT) and AP (2MT).

    • The company also has windmill capacity of 166MW, captive thermal power plants of 175MW and 18MW of WHRS.

    Self-reliance on power, split grinding units near markets and focus on green power has helped the company to remain cost efficient player in South India

Q4FY22

    Lower base and better than expected realisations led to sequential improvement in the performance.

    • Revenues improved 10.3% QoQ to ₹1709.1 crore. Volumes were up 4% QoQ (down 0.6% YoY). Realisations were up 6.1% QoQ, 5.4% YoY
    • Cost pressure and high base lead to margin contraction of 1027bps YoY to 17.3 while it improved sequentially by 237bps.
    • Net profit grew 50.3% QoQ to ₹124.1 crore although it was lower by 42% on YoY basis

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The Ramco Cements announced Q3FY24 results:

Financial Performance
- The Ramco Cements reported a net revenue of Rs 2,113 crore in Q3FY24, a 5% increase from Rs 2,018 crore in Q3FY23.
- EBITDA surged by 37%, standing at Rs 402 crore in Q3FY24 compared to Rs 294 crore in Q3FY23.
- Profit before tax rose to Rs 135 crore in Q3FY24, up from Rs 97 crore in Q3FY23.
- Operating ratio improved to 19% in Q3FY24 compared to 15% in Q3FY23.

Sales and Production
- Cement sales volume reached 4 million tons in Q3FY24, marking a 10% growth over 3.64 million tons in Q3FY23.
- Cement capacity utilization was recorded at 74% for Q3FY24.

Cost Management
- Raw materials cost saw a 3% year-over-year increase, from Rs 944 per ton to Rs 970 per ton.
- Power & fuel cost per ton of cement for Q3FY24 decreased to Rs 1,386 from Rs 1,929 in Q3FY23.
- Blended fuel consumption per ton for cement was equivalent to $138, down from $191 in Q3FY23.
- Interest cost increased to Rs 102 crore in Q3FY24 from Rs 61 crore in Q3FY23.
- Depreciation costs rose to Rs 166 crore in Q3FY24, an increase from Rs 136 crore in Q3FY23.

Green Energy Initiatives
- Proposal for establishing a Waste Heat Recovery System (WHRS) of 10 MW at the Ramasamy Raja Nagar plant by March 2025.
- The company's wind energy capacity, along with its subsidiary, reached 166 MW installed capacity.
- Green power usage improved significantly from 20% in Q3FY23 to 36% in Q3FY24.
- The share of green power in total energy consumption is anticipated to reach 42% by end of FY25 and 48% by end of FY26.

Capacity Enhancements
- Clinger capacity increased by 0.65 MTPA at Kolimigundla and 0.35 MTPA at Ariyalur through pyro process optimisation.
- De-bottlenecking of cement capacity aggregating to 1 MTPA is scheduled for FY25.
- Plan to double the clinker capacity in Kolimigundla to 6.30 MTPA and double the cement capacity to 3 MTPA, to be commissioned in FY26.

Capital Expenditure (CAPEX)
- Ongoing capex including maintenance capex incurred Rs 385 crore in Q3FY24.
- Capex guidance for Q4FY24 is around Rs 390 crore, and FY25 is estimated at Rs 1,700 crore.

Debt and Borrowings
- Net debt as of December 31, 2023, is Rs 4,993 crore, with a net debt to EBITDA ratio of 3.22 times.
- The average cost of debt for 9MFY24 is at 7.82% compared to 6.16% in 9MFY23.

Result PDF

View Other Company Results

The Ramco Cements Ltd shares SWOT Analysis

Strengths (4)

  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Book Value per share Improving for last 2 years

Weakness (6)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • High PE (PE > 40)
  • Companies Increasing Debt as per Annual Report
  • RSI indicating price weakness

Resistance and support

R1 876.1
R2 882.4
R3 887.9
Pivot

870.62

S1 864.4
S2 858.9
S3 852.6
EMA SMA
902.9
940.8
948.7
920.2
914.7
959.9
977.3
935.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
RAJAPALAYAM MILLS LTD Block Purchase 2024-01-19 957.65 157000 BSE
NALINA RAMALAKSHMI Block Sell 2024-01-19 957.65 157000 BSE
SHARADHA DEEPA Block Purchase 2023-05-29 880 283000 BSE
Name Category Shares
SARADHA DEEPA PROMOTER 0.83%
NALINA RAMALAKSHMI PROMOTER 0.75%
P.R. VENKETRAMA RAJA PROMOTER 0.74%
R SUDARSANAM . PROMOTER 0.54%
RAMCO INDUSTRIES LIMITED PROMOTER 21.36%
RAJAPALAYAM MILLS LIMITED PROMOTER 13.55%
THE RAMARAJU SURGICAL COTTON MILLS LTD. PROMOTER 1.4%
SRI VISHNU SHANKAR MILL LIMITED PROMOTER 1.31%
SUDHARSANAM INVESTMENTS LIMITED PROMOTER 1.26%

OUR RESEARCH VIEW

Investment recommendation
Call Date
08 Feb 2023
Entry Price 707.00
Target Price 760.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

The Ramco Cements Ltd Stocks COMPARISON

Financials( in Cr) The Ramco Cements Ltd UltraTech Cement Ltd Ambuja Cements Ltd Shree Cement Ltd ACC Ltd
Price 869.90 9,951.10 603.35 26,191.30 2,669.40
% Change -0.25 0.21 -0.86 0.35 -0.20
Mcap Cr 20,555.04 287,275.32 119,803.89 94,500.83 50,127.86
Revenue TTM Cr 8,157.26 61,326.50 28,965.46 17,852.33 16,151.67
Net Profit TTM Cr 341.99 4,916.88 3,711.04 1,269.14 1,863.10
PE TTM 53.85 44.81 36.55 42.05 29.94
1 Year Return 23.07 38.47 82.89 2.13 57.51
ROCE 6.47 12.86 21.37 8.51 18.51
ROE 5.07 9.62 15.43 7.03 13.80
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 6,861.06 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,580.50 -5,207.40
LAST 3M 60,912.34 -26,979.54
LAST 6M 120,020.87 9,689.82
LAST 12M 181,151.65 180,381.32

The Ramco Cements Ltd Information

Stock PE (TTM)
53.85
Promoter Holding
42.11%
Book Value
297.6321
ROCE
6.47%
ROE
5.07%
Description
  • The Ramco Cement Ltd is in the Cement sector is having a market capitalization worth Rs. 23,274.09 crores, it is incorporated in the year 1957. It has reported consolidated sales of Rs. 1,205.08 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500260, and also listed on the National Stock Exchange (NSE) with the code RAMCOCEM.

    The Ramco Cement Ltd is the fifth largest cement producer in India. The company offers a wide range of application-based cement products. The company has four integrated cement plants, six grinding units, one R&D center, and seven wind farms. The company can produce 19.4 MTPA (metric ton per annum). The company has a well-established network of 8,285 dealers and 15,385 sub-dealers spread across the country. The company has a workforce of 3,374 employees on its payroll. The research & development team of the company is comprised of 27 members. The promoters of the company own 42.54% of the stake in the company, Foreign Institutional Investors (FII) own 8.64% of any stake in the company, Domestic Institutional Investors (DII) own 25.69%, and others (such as public & retail investors) hold the balance of 23.13%.

    In June 2021, quarterly net revenue was Rs. 1,228.67 crores, which has increased by approximately 17.94 % from Rs. 1,041.81 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 168.98crores, which has risen sharply and increased by nearly 54.18% from a net profit of Rs. 109.6 crores in June 2020. In June 2021, the reported operating profit was at Rs. 844.69 crores, which has also increased by 19.44% as compared to an operating profit of Rs. 707.19 crores for the quarter ending in June 2020. From an EPS of Rs. 5.0 in June 2020, the EPS of The Ramco Cement Ltd has improved and reached a positive EPS of Rs. 7 per share in June 2021. RAMCOCEM's stock closed at Rs. 986.65 on 27th August’2021 (NSE). The Ramco Cement Ltd has returned a marginal 1.89 % in the last six months and returned 38.25 % positively in the previous year.

Registered Address

Ramamandiram, , Rajapalayam, Tamil Nadu, 626117

Tel : 91-4563-236688
Email : ksn:madrascements.co.in
Website : http://www.ramcocements.in
Registrar

Madras Cements Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500260
NSE Code : RAMCOCEM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE331A01037

FAQ’s on The Ramco Cements Ltd Shares

You can buy The Ramco Cements Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy The Ramco Cements Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 27, 2024 03:56 PM the closing price of The Ramco Cements Ltd was ₹ 869.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 27, 2024 03:56 PM, the market cap of The Ramco Cements Ltd stood at ₹ 20,555.04.

The latest PE ratio of The Ramco Cements Ltd as of Feb 27, 2024 03:56 PM is 53.85

The latest PB ratio of The Ramco Cements Ltd as of Feb 27, 2024 03:56 PM is 0.34

The 52-week high of The Ramco Cements Ltd is ₹ 1,058.20 while the 52-week low is ₹ 701.65

According to analyst recommendations, The Ramco Cements Ltd has a “Buy” rating for the long term.

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