The Ramco Cements Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 25, 2025, 8:03 pm

Market Cap	24,598 Cr.
Current Price	1,043
High / Low	1,082/765
Stock P/E	218
Book Value	317
Dividend Yield	0.24 %
ROCE	4.82 %
ROE	1.54 %
Face Value	1.00
PEG Ratio	-19.20

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for The Ramco Cements Ltd

Competitors of The Ramco Cements Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bheema Cements Ltd	52.7 Cr.	16.2	35.3/16.2		3.95	0.00 %	13.1 %	108 %	10.0
UltraTech Cement Ltd	3,45,741 Cr.	11,733	12,341/10,048	56.5	2,399	0.60 %	10.9 %	9.34 %	10.0
The Ramco Cements Ltd	24,598 Cr.	1,043	1,082/765	218	317	0.24 %	4.82 %	1.54 %	1.00
The India Cements Ltd	10,371 Cr.	334	386/230		329	0.00 %	4.22 %	7.15 %	10.0
Star Cement Ltd	8,647 Cr.	214	248/172	51.2	71.2	0.00 %	8.38 %	6.04 %	1.00
Industry Average	37,650.00 Cr	2,115.24		57.04	557.07	0.62%	8.32%	85.82%	7.13

All Competitor Stocks of The Ramco Cements Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	1,709	1,772	1,784	2,009	2,570	2,241	2,329	2,106	2,673	2,088	2,038	1,977	2,392
Expenses	1,414	1,472	1,601	1,724	2,157	1,900	1,931	1,711	2,256	1,769	1,726	1,697	2,071
Operating Profit	295	301	184	285	413	341	399	395	417	319	312	279	321
OPM %	17%	17%	10%	14%	16%	15%	17%	19%	16%	15%	15%	14%	13%
Other Income	10	7	9	9	12	8	13	7	14	8	11	340	24
Interest	33	47	55	61	77	93	117	102	104	113	120	113	113
Depreciation	108	106	122	136	141	148	157	166	165	167	169	174	182
Profit before tax	164	154	16	97	207	108	138	135	162	48	35	333	49
Tax %	24%	27%	28%	31%	26%	27%	27%	31%	25%	26%	27%	2%	37%
Net Profit	124	112	11	67	152	79	101	93	121	36	26	325	31
EPS in Rs	5.25	4.75	0.49	2.85	6.45	3.34	4.29	3.95	5.14	1.50	1.08	13.77	1.31

Last Updated: May 31, 2025, 7:32 am

Below is a detailed analysis of the quarterly data for The Ramco Cements Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 2,392.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,977.00 Cr. (Dec 2024) to 2,392.00 Cr., marking an increase of 415.00 Cr..
For Expenses, as of Mar 2025, the value is 2,071.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,697.00 Cr. (Dec 2024) to 2,071.00 Cr., marking an increase of 374.00 Cr..
For Operating Profit, as of Mar 2025, the value is 321.00 Cr.. The value appears strong and on an upward trend. It has increased from 279.00 Cr. (Dec 2024) to 321.00 Cr., marking an increase of 42.00 Cr..
For OPM %, as of Mar 2025, the value is 13.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Dec 2024) to 13.00%, marking a decrease of 1.00%.
For Other Income, as of Mar 2025, the value is 24.00 Cr.. The value appears to be declining and may need further review. It has decreased from 340.00 Cr. (Dec 2024) to 24.00 Cr., marking a decrease of 316.00 Cr..
For Interest, as of Mar 2025, the value is 113.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 113.00 Cr..
For Depreciation, as of Mar 2025, the value is 182.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 174.00 Cr. (Dec 2024) to 182.00 Cr., marking an increase of 8.00 Cr..
For Profit before tax, as of Mar 2025, the value is 49.00 Cr.. The value appears to be declining and may need further review. It has decreased from 333.00 Cr. (Dec 2024) to 49.00 Cr., marking a decrease of 284.00 Cr..
For Tax %, as of Mar 2025, the value is 37.00%. The value appears to be increasing, which may not be favorable. It has increased from 2.00% (Dec 2024) to 37.00%, marking an increase of 35.00%.
For Net Profit, as of Mar 2025, the value is 31.00 Cr.. The value appears to be declining and may need further review. It has decreased from 325.00 Cr. (Dec 2024) to 31.00 Cr., marking a decrease of 294.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 1.31. The value appears to be declining and may need further review. It has decreased from 13.77 (Dec 2024) to 1.31, marking a decrease of 12.46.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 3:45 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	3,684	3,645	3,573	3,950	4,406	5,146	5,368	5,268	5,980	8,135	9,350	8,495
Expenses	3,120	2,931	2,501	2,754	3,305	4,109	4,231	3,720	4,695	6,953	7,797	7,263
Operating Profit	564	714	1,072	1,195	1,101	1,038	1,138	1,548	1,285	1,183	1,553	1,232
OPM %	15%	20%	30%	30%	25%	20%	21%	29%	21%	15%	17%	14%
Other Income	86	87	88	44	36	28	37	35	30	37	42	384
Interest	189	195	182	104	60	52	73	88	113	241	416	459
Depreciation	306	250	305	284	292	299	315	355	401	504	636	691
Profit before tax	154	356	673	850	785	716	787	1,140	801	474	543	466
Tax %	11%	32%	19%	24%	29%	29%	24%	33%	-11%	27%	27%	10%
Net Profit	138	242	542	649	556	506	601	761	893	344	395	417
EPS in Rs	5.79	10.18	22.77	27.27	23.59	21.47	25.52	32.26	37.78	14.54	16.72	17.66
Dividend Payout %	17%	15%	13%	11%	13%	14%	10%	9%	8%	14%	15%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	75.36%	123.97%	19.74%	-14.33%	-8.99%	18.77%	26.62%	17.35%	-61.48%	14.83%	5.57%
Change in YoY Net Profit Growth (%)	0.00%	48.60%	-104.23%	-34.07%	5.34%	27.77%	7.85%	-9.28%	-78.82%	76.30%	-9.26%

The Ramco Cements Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	10%
3 Years:	12%
TTM:	-9%

Compounded Profit Growth
10 Years:	-7%
5 Years:	-28%
3 Years:	-50%
TTM:	-71%

Stock Price CAGR
10 Years:	12%
5 Years:	11%
3 Years:	18%
1 Year:	25%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	4%
Last Year:	2%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:13 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	24	24	24	24	24	24	24	24	24	24	24	24
Reserves	2,458	2,621	3,070	3,718	4,019	4,437	4,895	5,603	6,501	6,770	7,120	7,470
Borrowings	2,910	2,712	2,124	1,425	1,113	1,619	3,032	3,110	3,950	4,507	4,936	4,675
Other Liabilities	1,476	1,645	1,677	1,843	1,938	2,029	2,096	2,609	2,581	3,216	4,088	4,206
Total Liabilities	6,869	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374
Fixed Assets	4,641	4,876	4,901	5,183	5,298	5,376	6,027	6,957	7,752	10,174	12,043	12,372
CWIP	354	263	147	120	175	853	1,840	2,355	3,034	1,987	1,378	1,353
Investments	283	356	372	148	159	175	189	201	201	202	223	135
Other Assets	1,590	1,508	1,475	1,557	1,461	1,705	1,991	1,833	2,069	2,153	2,524	2,515
Total Assets	6,869	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374

Below is a detailed analysis of the balance sheet data for The Ramco Cements Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 24.00 Cr..
For Reserves, as of Mar 2025, the value is 7,470.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,120.00 Cr. (Mar 2024) to 7,470.00 Cr., marking an increase of 350.00 Cr..
For Borrowings, as of Mar 2025, the value is 4,675.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 4,936.00 Cr. (Mar 2024) to 4,675.00 Cr., marking a decrease of 261.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 4,206.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,088.00 Cr. (Mar 2024) to 4,206.00 Cr., marking an increase of 118.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 16,374.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 16,168.00 Cr. (Mar 2024) to 16,374.00 Cr., marking an increase of 206.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 12,372.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,043.00 Cr. (Mar 2024) to 12,372.00 Cr., marking an increase of 329.00 Cr..
For CWIP, as of Mar 2025, the value is 1,353.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,378.00 Cr. (Mar 2024) to 1,353.00 Cr., marking a decrease of 25.00 Cr..
For Investments, as of Mar 2025, the value is 135.00 Cr.. The value appears to be declining and may need further review. It has decreased from 223.00 Cr. (Mar 2024) to 135.00 Cr., marking a decrease of 88.00 Cr..
For Other Assets, as of Mar 2025, the value is 2,515.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,524.00 Cr. (Mar 2024) to 2,515.00 Cr., marking a decrease of 9.00 Cr..
For Total Assets, as of Mar 2025, the value is 16,374.00 Cr.. The value appears strong and on an upward trend. It has increased from 16,168.00 Cr. (Mar 2024) to 16,374.00 Cr., marking an increase of 206.00 Cr..

Notably, the Reserves (7,470.00 Cr.) exceed the Borrowings (4,675.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	479	956	1,085	1,105	1,113	790	740	1,885	1,129	1,405	1,895	1,402
Cash from Investing Activity +	-541	-482	-263	-276	-483	-1,191	-1,932	-1,771	-1,810	-1,687	-1,900	-545
Cash from Financing Activity +	53	-457	-943	-659	-787	643	1,213	-64	715	274	-28	-782
Net Cash Flow	-10	17	-121	171	-157	242	20	50	34	-7	-33	75

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	562.00	712.00	-1.00	0.00	0.00	0.00	-2.00	-2.00	-2.00	-3.00	-3.00	-3.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	30	38	48	51	37	35	36	26	21	21	33
Inventory Days	410	363	279	340	313	272	241	270	252	342	240	209
Days Payable	99	93	123	133	139	130	111	143	153	198	173	211
Cash Conversion Cycle	340	300	194	256	225	179	165	163	125	165	87	31
Working Capital Days	15	22	18	-16	-8	-4	-4	23	-12	-11	-22	-34
ROCE %	16%	6%	10%	16%	18%	16%	14%	12%	15%	10%	7%	8%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	42.33%	42.33%	42.29%	42.29%	42.29%	42.11%	42.11%	42.11%	42.29%	42.29%	42.29%	42.75%
FIIs	7.63%	6.86%	6.63%	7.14%	7.55%	7.95%	7.85%	7.94%	7.43%	7.38%	6.61%	6.88%
DIIs	32.63%	33.40%	33.75%	32.25%	32.46%	32.44%	33.37%	32.92%	32.24%	31.14%	30.87%	30.89%
Government	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%	3.39%
Public	14.03%	14.03%	13.96%	14.94%	14.31%	14.11%	13.29%	13.64%	14.66%	15.81%	16.85%	16.10%
No. of Shareholders	51,391	58,783	57,809	59,206	54,638	47,897	47,105	46,993	56,327	76,165	76,447	63,101

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Flexicap Fund - Regular Plan	8,000,000	1.31	669.16	8,000,000	2025-04-22 14:53:35	0%
Kotak Emerging Equity Fund - Regular Plan	6,071,083	1.04	507.82	6,071,083	2025-04-22 17:25:18	0%
Quant Small Cap Fund	2,737,708	0.92	226.15	2,737,708	2025-04-22 17:25:18	0%
SBI Contra Fund	2,106,875	0.51	176.23	2,106,875	2025-04-22 15:56:52	0%
ICICI Prudential India Opportunities Fund	1,741,116	0.69	145.64	1,741,116	2025-04-22 17:25:18	0%
SBI Magnum Midcap Fund	1,728,391	0.71	144.57	1,728,391	2025-04-22 15:56:52	0%
Franklin India Prima Fund	1,602,334	1.06	132.36	1,602,334	2025-04-22 15:56:52	0%
Quant Infrastructure Fund	1,445,200	2.91	119.38	1,445,200	2025-04-22 15:56:52	0%
ICICI Prudential Multicap Fund	1,179,324	0.76	98.64	1,179,324	2025-04-22 17:25:18	0%
HSBC Value Fund	1,154,400	0.72	96.56	1,154,400	2025-04-22 15:56:52	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	11.53	15.77	14.00	39.00	34.00
Diluted EPS (Rs.)	11.53	15.77	14.00	39.00	34.00
Cash EPS (Rs.)	40.76	44.01	35.89	54.81	47.48
Book Value[Excl.RevalReserv]/Share (Rs.)	314.92	306.45	290.65	280.38	243.24
Book Value[Incl.RevalReserv]/Share (Rs.)	314.92	306.45	290.65	280.38	243.24
Revenue From Operations / Share (Rs.)	360.49	396.80	345.21	254.07	224.29
PBDIT / Share (Rs.)	53.90	67.86	51.56	55.78	67.30
PBIT / Share (Rs.)	24.49	40.51	30.15	38.76	52.19
PBT / Share (Rs.)	13.51	22.92	19.97	34.00	48.47
Net Profit / Share (Rs.)	11.35	16.65	14.47	37.78	32.37
NP After MI And SOA / Share (Rs.)	11.54	15.23	13.31	37.30	33.22
PBDIT Margin (%)	14.95	17.10	14.93	21.95	30.00
PBIT Margin (%)	6.79	10.20	8.73	15.25	23.26
PBT Margin (%)	3.74	5.77	5.78	13.38	21.61
Net Profit Margin (%)	3.14	4.19	4.19	14.87	14.43
NP After MI And SOA Margin (%)	3.20	3.83	3.85	14.68	14.81
Return on Networth / Equity (%)	3.66	4.97	4.58	13.31	13.67
Return on Capital Employeed (%)	4.81	7.78	6.19	8.82	13.62
Return On Assets (%)	1.66	2.21	2.15	6.69	6.84
Long Term Debt / Equity (X)	0.45	0.54	0.52	0.43	0.37
Total Debt / Equity (X)	0.62	0.67	0.65	0.59	0.54
Asset Turnover Ratio (%)	0.52	0.60	0.58	0.48	0.49
Current Ratio (X)	0.51	0.56	0.61	0.61	0.60
Quick Ratio (X)	0.28	0.31	0.32	0.31	0.35
Inventory Turnover Ratio (X)	1.77	1.87	1.58	1.25	1.32
Dividend Payout Ratio (NP) (%)	0.00	13.14	22.56	0.00	9.03
Dividend Payout Ratio (CP) (%)	0.00	4.70	8.64	0.00	6.21
Earning Retention Ratio (%)	0.00	86.86	77.44	0.00	90.97
Cash Earning Retention Ratio (%)	0.00	95.30	91.36	0.00	93.79
Interest Coverage Ratio (X)	2.78	3.86	5.07	11.73	18.12
Interest Coverage Ratio (Post Tax) (X)	1.15	1.95	2.42	8.94	9.71
Enterprise Value (Cr.)	25669.09	23941.52	22178.92	21935.62	26628.51
EV / Net Operating Revenue (X)	3.01	2.55	2.72	3.65	5.03
EV / EBITDA (X)	20.15	14.93	18.20	16.64	16.77
MarketCap / Net Operating Revenue (X)	2.49	2.04	2.19	3.03	4.47
Retention Ratios (%)	0.00	86.85	77.43	0.00	90.96
Price / BV (X)	2.85	2.65	2.60	2.75	4.13
Price / Net Operating Revenue (X)	2.49	2.04	2.19	3.03	4.47
EarningsYield	0.01	0.01	0.01	0.04	0.03

After reviewing the key financial ratios for The Ramco Cements Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 11.53. This value is within the healthy range. It has decreased from 15.77 (Mar 24) to 11.53, marking a decrease of 4.24.
For Diluted EPS (Rs.), as of Mar 25, the value is 11.53. This value is within the healthy range. It has decreased from 15.77 (Mar 24) to 11.53, marking a decrease of 4.24.
For Cash EPS (Rs.), as of Mar 25, the value is 40.76. This value is within the healthy range. It has decreased from 44.01 (Mar 24) to 40.76, marking a decrease of 3.25.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 314.92. It has increased from 306.45 (Mar 24) to 314.92, marking an increase of 8.47.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 314.92. It has increased from 306.45 (Mar 24) to 314.92, marking an increase of 8.47.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 360.49. It has decreased from 396.80 (Mar 24) to 360.49, marking a decrease of 36.31.
For PBDIT / Share (Rs.), as of Mar 25, the value is 53.90. This value is within the healthy range. It has decreased from 67.86 (Mar 24) to 53.90, marking a decrease of 13.96.
For PBIT / Share (Rs.), as of Mar 25, the value is 24.49. This value is within the healthy range. It has decreased from 40.51 (Mar 24) to 24.49, marking a decrease of 16.02.
For PBT / Share (Rs.), as of Mar 25, the value is 13.51. This value is within the healthy range. It has decreased from 22.92 (Mar 24) to 13.51, marking a decrease of 9.41.
For Net Profit / Share (Rs.), as of Mar 25, the value is 11.35. This value is within the healthy range. It has decreased from 16.65 (Mar 24) to 11.35, marking a decrease of 5.30.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.54. This value is within the healthy range. It has decreased from 15.23 (Mar 24) to 11.54, marking a decrease of 3.69.
For PBDIT Margin (%), as of Mar 25, the value is 14.95. This value is within the healthy range. It has decreased from 17.10 (Mar 24) to 14.95, marking a decrease of 2.15.
For PBIT Margin (%), as of Mar 25, the value is 6.79. This value is below the healthy minimum of 10. It has decreased from 10.20 (Mar 24) to 6.79, marking a decrease of 3.41.
For PBT Margin (%), as of Mar 25, the value is 3.74. This value is below the healthy minimum of 10. It has decreased from 5.77 (Mar 24) to 3.74, marking a decrease of 2.03.
For Net Profit Margin (%), as of Mar 25, the value is 3.14. This value is below the healthy minimum of 5. It has decreased from 4.19 (Mar 24) to 3.14, marking a decrease of 1.05.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 3.20. This value is below the healthy minimum of 8. It has decreased from 3.83 (Mar 24) to 3.20, marking a decrease of 0.63.
For Return on Networth / Equity (%), as of Mar 25, the value is 3.66. This value is below the healthy minimum of 15. It has decreased from 4.97 (Mar 24) to 3.66, marking a decrease of 1.31.
For Return on Capital Employeed (%), as of Mar 25, the value is 4.81. This value is below the healthy minimum of 10. It has decreased from 7.78 (Mar 24) to 4.81, marking a decrease of 2.97.
For Return On Assets (%), as of Mar 25, the value is 1.66. This value is below the healthy minimum of 5. It has decreased from 2.21 (Mar 24) to 1.66, marking a decrease of 0.55.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.45. This value is within the healthy range. It has decreased from 0.54 (Mar 24) to 0.45, marking a decrease of 0.09.
For Total Debt / Equity (X), as of Mar 25, the value is 0.62. This value is within the healthy range. It has decreased from 0.67 (Mar 24) to 0.62, marking a decrease of 0.05.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.52. It has decreased from 0.60 (Mar 24) to 0.52, marking a decrease of 0.08.
For Current Ratio (X), as of Mar 25, the value is 0.51. This value is below the healthy minimum of 1.5. It has decreased from 0.56 (Mar 24) to 0.51, marking a decrease of 0.05.
For Quick Ratio (X), as of Mar 25, the value is 0.28. This value is below the healthy minimum of 1. It has decreased from 0.31 (Mar 24) to 0.28, marking a decrease of 0.03.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.77. This value is below the healthy minimum of 4. It has decreased from 1.87 (Mar 24) to 1.77, marking a decrease of 0.10.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 13.14 (Mar 24) to 0.00, marking a decrease of 13.14.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 4.70 (Mar 24) to 0.00, marking a decrease of 4.70.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 86.86 (Mar 24) to 0.00, marking a decrease of 86.86.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 95.30 (Mar 24) to 0.00, marking a decrease of 95.30.
For Interest Coverage Ratio (X), as of Mar 25, the value is 2.78. This value is below the healthy minimum of 3. It has decreased from 3.86 (Mar 24) to 2.78, marking a decrease of 1.08.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.15. This value is below the healthy minimum of 3. It has decreased from 1.95 (Mar 24) to 1.15, marking a decrease of 0.80.
For Enterprise Value (Cr.), as of Mar 25, the value is 25,669.09. It has increased from 23,941.52 (Mar 24) to 25,669.09, marking an increase of 1,727.57.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.01. This value exceeds the healthy maximum of 3. It has increased from 2.55 (Mar 24) to 3.01, marking an increase of 0.46.
For EV / EBITDA (X), as of Mar 25, the value is 20.15. This value exceeds the healthy maximum of 15. It has increased from 14.93 (Mar 24) to 20.15, marking an increase of 5.22.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.49. This value is within the healthy range. It has increased from 2.04 (Mar 24) to 2.49, marking an increase of 0.45.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 86.85 (Mar 24) to 0.00, marking a decrease of 86.85.
For Price / BV (X), as of Mar 25, the value is 2.85. This value is within the healthy range. It has increased from 2.65 (Mar 24) to 2.85, marking an increase of 0.20.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.49. This value is within the healthy range. It has increased from 2.04 (Mar 24) to 2.49, marking an increase of 0.45.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of The Ramco Cements Ltd as of June 30, 2025 is: 853.43

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 30, 2025, The Ramco Cements Ltd is Overvalued by 18.18% compared to the current share price 1,043.00

Intrinsic Value of The Ramco Cements Ltd as of June 30, 2025 is: 756.54

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 30, 2025, The Ramco Cements Ltd is Overvalued by 27.47% compared to the current share price 1,043.00

Last 5 Year EPS CAGR: -11.35%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -2.75, which is a positive sign. The company has higher reserves (4,890.17 cr) compared to borrowings (3,009.42 cr), indicating strong financial stability. The company has shown consistent growth in sales (5.08 cr) and profit (550.50 cr) over the years.	The stock has a low average ROCE of 12.33%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 185.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in The Ramco Cements Ltd:
1. Net Profit Margin: 3.14%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 4.81% (Industry Average ROCE: 8.32%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 3.66% (Industry Average ROE: 85.82%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.15
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.28
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 218 (Industry average Stock P/E: 57.04)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.62
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

The Ramco Cements Ltd. is a Public Limited Listed company incorporated on 03/07/1957 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L26941TN1957PLC003566 and registration number is 003566. Currently Company is involved in the business activities of Manufacture of refractory mortars, concretes etc.. Company's Total Operating Revenue is Rs. 8495.10 Cr. and Equity Capital is Rs. 23.63 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Cement	Ramamandiram, Rajapalayam Tamil Nadu 626117	ksn@ramcocements.co.in http://www.ramcocements.in

Management
Name	Position Held
Mr. M F Farooqui	Chairperson
Mr. P R Venketrama Raja	Managing Director
Justice(Retd) Chitra Venkataraman	Independent Director
Mr. M S Krishnan	Independent Director
Mr. C K Ranganathan	Independent Director
Mr. Ajay Bhaskar Baliga	Independent Director
Mr. R Dinesh	Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of The Ramco Cements Ltd?

The Ramco Cements Ltd's intrinsic value (as of 30 June 2025) is 853.43 — 18.18% lower the current market price of 1,043.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 24,598 Cr. market cap, FY2025-2026 high/low of 1,082/765, reserves of 7,470 Cr, and liabilities of 16,374 Cr.

What is the Market Cap of The Ramco Cements Ltd?

The Market Cap of The Ramco Cements Ltd is 24,598 Cr..

What is the current Stock Price of The Ramco Cements Ltd as on 30 June 2025?

The current stock price of The Ramco Cements Ltd as on 30 June 2025 is 1,043.

What is the High / Low of The Ramco Cements Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of The Ramco Cements Ltd stocks is ₹1,082/765.

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

The Stock P/E of The Ramco Cements Ltd is 218.

What is the Book Value of The Ramco Cements Ltd?

The Book Value of The Ramco Cements Ltd is 317.

What is the Dividend Yield of The Ramco Cements Ltd?

The Dividend Yield of The Ramco Cements Ltd is 0.24 %.

What is the ROCE of The Ramco Cements Ltd?

The ROCE of The Ramco Cements Ltd is 4.82 %.

What is the ROE of The Ramco Cements Ltd?

The ROE of The Ramco Cements Ltd is 1.54 %.

What is the Face Value of The Ramco Cements Ltd?

The Face Value of The Ramco Cements Ltd is 1.00.