The Ramco Cements Ltd: Intrinsic Value & Share Price Analysis

GETAKA RESEARCH Company fundamentals

Business & price at a glance

Stored data · Not a live quote

Share price₹868.00Price record: 26 September 2026, 7:12 am +05:30

Model estimateNot availableInsufficient usable inputs

Return on capital6.17%ROCE · Latest stored data

Earnings multiple110.00×P/E · Compare with similar businesses

VALUATION CONTEXT

Valuation needs review. The P/E-implied EPS differs materially from the recent quarterly EPS total. Verify earnings basis and share adjustments. No usable valuation model remains; see the missing inputs below.

Explore the models

LATEST QUARTER

Revenue

+9.6%

Jun 2026 vs Jun 2025

Reported revenue: ₹2,269 Cr

LATEST QUARTER

Net profit

-62.8%

Jun 2026 vs Jun 2025

Reported net profit: ₹32 Cr

EARNINGS CHECK

Profit into cash

2.32×

Operating cash flow / net profit

Matched annual period: Mar 2026

₹2.32 of operating cash for each ₹1 of reported profit.

WHAT TO WATCH

Latest-quarter profit fell 62.8% year on year; profit across the last four reported quarters rose 36.5%. The latest quarter is weaker than the trailing trend. Check margins and exceptional items.

View financials

Reporting dates, coverage & sources

Annual: Mar 2026 · Quarterly: Jun 2026 · Cash flow: Mar 2026. These sections refresh independently. A recent price update does not mean the financial statements are current.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

CONNECT THE NUMBERS

What the numbers reveal

See how growth, cash and financing fit together. Open any measure for its interpretation and source.

6 measures available

Quarterly net margin

1.41%

-2.74 pp year on year

Jun 2026 vs Jun 2025

Why it matters & source

Each ₹100 of revenue produced ₹1.41 of reported net profit. Compare the change with tax and other-income movements.

Net profit ÷ revenue × 100. Change is in percentage points (pp), not percent growth.

Current: ₹32.00 Cr profit / ₹2,269.00 Cr revenue. Prior: ₹86.00 Cr / ₹2,070.00 Cr.

View source table

Revenue momentum gap

+0.95pp

Latest quarter +9.6% · trailing year +8.7%

Eight consecutive quarters ending Jun 2026

Why it matters & source

The latest quarter grew faster than the four-quarter trend. This comparison describes momentum; it does not predict the next quarter.

Latest-quarter revenue YoY growth minus revenue growth of the latest four quarters against the preceding four.

Latest quarter: ₹2,269.00 Cr vs ₹2,070.00 Cr. Four-quarter totals: ₹9,211.00 Cr vs ₹8,477.00 Cr.

View source table

Three-year cash backing

3.25×

Operating cash / reported profit

Mar 2024–Mar 2026 · 3 matched years

Why it matters & source

For every ₹1 of reported profit, the business generated ₹3.25 of operating cash across the matched years. Working capital, taxes and non-cash items can explain a gap.

Sum of operating cash flow ÷ sum of net profit over three consecutive, matching annual periods. This is not an average of yearly ratios.

Operating cash: ₹4,900.00 Cr. Net profit: ₹1,506.00 Cr.

View source table

Interest coverage

3.09×

Earnings before interest and tax / interest

Mar 2026 · annual P&L

Why it matters & source

Reported earnings before interest and tax cover the interest expense 3.1 times. Other income is included; principal repayments are not.

(Profit before tax + interest expense) ÷ interest expense.

Profit before tax: ₹879.00 Cr. Interest: ₹421.00 Cr.

View source table

Borrowings / book equity

0.48×

₹47.54 borrowed per ₹100 of equity

Mar 2026 · balance sheet

Why it matters & source

This compares reported borrowings with equity capital plus reserves. It is gross borrowing, not net debt; reserves are not cash.

Borrowings ÷ (equity capital + reserves), from the same balance-sheet date.

Borrowings: ₹3,871.00 Cr. Equity capital: ₹24.00 Cr. Reserves: ₹8,119.00 Cr.

View source table

Cash cycle change

+17days

48 days now · 31 days before

Mar 2025 vs Mar 2024

Why it matters & source

A shorter cycle can reduce the time cash is tied up in operations. A longer supplier-payment period can also shorten it, so read the components.

Cash cycle = debtor days + inventory days − payable days. Change = current cycle − prior-year cycle.

Current: 31 + 215 − 198 days. Prior: 33 + 209 − 211 days.

View source table

What growth does this price require?Change the assumptions and see the earnings hurdle

Start with the stored P/E of 110.00×. If the future P/E is lower, earnings must work harder to deliver the same price return.

Required annual EPS growth16.5%

For a 10% annual price return over 5 years at a future P/E of 82.50×.

Defaults illustrate a 25% fall in P/E, 10% annual price return and five years. They are assumptions, not forecasts. This is EPS growth, not total-profit growth; changes in share count matter. Dividends, taxes and costs are excluded.

Formula & data basis

Required growth = (1 + annual price return) × (current P/E ÷ future P/E)^{1 / years} − 1. Returns and growth use decimals in this formula.

Uses the stored P/E and its underlying earnings basis, which may differ from the dated financial tables. Quote record: 26 September 2026, 7:12 am +05:30.

Periods are matched within each calculation; different measures may use different reporting dates. Derived from the stored tables, not live filings. Check the source reporting basis before comparing companies. About ratio analysis.

Intrinsic value & reliability

Insufficient valuation inputsNot assessable confidence · 0 contributing models · 0 references · 10 methods checked

No usable positive earnings or eligible cash-flow model is available. This is not a zero valuation or a conclusion that the company is worthless.

What is needed

The P/E-implied EPS differs materially from the recent quarterly EPS total. Verify earnings basis and share adjustments.
Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.
No model has usable positive inputs. A numeric intrinsic value would require inventing earnings or cash flows.

Annual earnings: Mar 2026 · Quarter: Jun 2026 · Balance sheet: Mar 2026. The price-update date does not refresh these financial statements.

Statement source: Screener company financials. Detailed cash/debt schedules: awaiting a validated refresh. Refreshes run outside Indian market hours.

All 10 valuation methods

All ten methods are assessed below; calculations appear when the required inputs are usable. Open a row’s details to see the formula, assumptions or missing data. Reference-only results do not change the intrinsic-value estimate.

Method	Value / share	Use in estimate	Calculation & inputs
Justified P/E from ROE	Not available	Needs inputs / not applicable	See missing inputs Two matched opening-equity ROE observations, positive normalised EPS and consistent shares are required.
Graham benchmark	Not available	Needs inputs / not applicable	See missing inputs Earnings models: no usable positive earnings basis, or a loss/share-basis inconsistency prevents a meaningful estimate.
Normalised earnings power	Not available	Needs inputs / not applicable	See missing inputs Earnings models: no usable positive earnings basis, or a loss/share-basis inconsistency prevents a meaningful estimate.
Discounted cash flow	Not available	Needs inputs / not applicable	See missing inputs Reconciled share count is required. A cash-flow valuation also needs usable FCFE components or three matched years of operating reinvestment inputs; non-positive equity results are not forced to zero.
Net assets / book equity	Not available	Needs inputs / not applicable	See missing inputs Positive recent common equity and a reconciled share count are required.
Peer EV/EBITDA	Not available	Needs inputs / not applicable	See missing inputs Reconciled share count is required.
Dividend discount	Not available	Needs inputs / not applicable	See missing inputs Dividend model: three positive, stable payout years with positive earnings are unavailable. Low dividends alone do not prove a stock is overvalued.
Earnings-yield benchmark	Not available	Needs inputs / not applicable	See missing inputs Usable positive normalised earnings are required.
ROCE / economic value added	Not available	Needs inputs / not applicable	See missing inputs Reconciled share count is required.
Peer EV/revenue	Not available	Needs inputs / not applicable	See missing inputs Reconciled share count is required.

Equal weight per eligible model family, then equal weight within each family. Accounting, duplicate and peer-market references have zero intrinsic-value weight. The headline range covers contributing models and discount-rate sensitivity, not a confidence interval. Reference scenarios have their own ranges in the table.

Model assumptions and limitations

Growth, required returns and competitive fade are disclosed model assumptions. Cash, investments, debt and minority interests use book amounts as proxies; fair-value adjustments can materially change enterprise estimates. Reference-only methods and duplicate earnings-yield calculations have zero blend weight. Book value is an accounting reference, not a liquidation-value estimate or an automatic fair price.

How the safeguards work

A usable model provides an indicative estimate even when other inputs are missing. Older results, short histories, limited model coverage and cash-quality concerns reduce confidence instead of hiding every value. An annual earnings series whose latest period is older than 36 months is not reused; four consecutive quarters can provide a fallback when annual EPS is absent. Known earnings/share-basis conflicts and trailing losses exclude affected earnings models. Book-value problems exclude book-dependent models without removing a usable earnings-power model. Justified P/E uses matched ROE and reinvestment assumptions, never the current market P/E as its valuation multiple.

Financial businesses can use equity-earnings and eligible dividend models, with a sector-review warning. CFO is never substituted for free cash flow to equity. DCF uses verified FCFE or an explicit operating-reinvestment forecast; the latter and economic-profit valuation require matched debt, cash, investments and minority interests. Related enterprise models share one blend family. Low-payout dividends, accounting net assets, duplicate earnings yield and market peer multiples remain visible as references where appropriate. Extreme price gaps prompt a warning, not an invented price cap. An automatic overvalued/undervalued label requires three models across two families, consistent inputs, recent results and agreement across the full range.

Confidence describes evidence coverage, not a measured probability of accuracy. Even the moderate rating is an automated screen. Equity models assume a 12% required return (10%–14% sensitivity); enterprise models assume 10% WACC (8%–12%). These are disclosed scenarios, not measured company-specific costs of capital. A negative enterprise-to-equity sensitivity result indicates a claims shortfall, not a negative tradable share price. No-growth earnings power and Graham are conservative benchmarks; they do not fully capture future reinvestment or growth. Check current filings and corporate actions.

Method references: CFA Institute: cash-flow valuation · Damodaran: financial-service firms

Analysis summary

Data coverage: Price-data record updated 26 September 2026, 7:12 am +05:30. Annual results through Mar 2026; quarterly results through Jun 2026; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

The Ramco Cements Ltd: there are insufficient usable inputs for a numeric intrinsic value estimate. The P/E-implied EPS differs materially from the recent quarterly EPS total. Verify earnings basis and share adjustments. Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given. No model has usable positive inputs. A numeric intrinsic value would require inventing earnings or cash flows. This is not a zero valuation. See the valuation checks for the complete explanation.

Operating performance

Revenue for Mar 2026 was ₹9,013.00 Cr, versus ₹8,495.00 Cr in Mar 2025 (6.1% year on year). Net profit for Mar 2026 was ₹694.00 Cr, versus ₹417.00 Cr in Mar 2025 (66.4% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2026 period, operating cash flow was ₹1,611.00 Cr against net profit of ₹694.00 Cr. Cash flow covered 2.32 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹3,871.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The base required return is an assumed 12%, with 10%–14% sensitivity. Eligible dividend and FCFE models use capped terminal-growth assumptions explained in their model rows. Historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Business quality

The Ramco Cements Ltd scores 61/100 (Average)

Fundamental screening score · Business quality and valuation are separate checks.

Data coverage: 5/5 dimensions. Financial reporting periods vary by section.

Open a dimension to see what drives its score. Stored ratio feeds and reporting dates can differ from the matched financial-statement calculations in Connect the numbers.

Stock Health53/100 · Moderate

Profitability, balance sheet strength, debt levels, profit consistency

ROCE 6.2% WeakROE 0.3% WeakD/E 0.62 ModerateInterest Coverage 2.8x AdequateProfitable 5/5 available years Reported history

Ownership Trends65/100 · Strong

FII/DII trends, promoter changes, shareholder count shifts

FII holding -0.46 pp (Dec 2025 → Jun 2026) Share decreasedDII holding +1.35 pp (Dec 2025 → Jun 2026) Share increasedPromoter holding at 42.6% Stable

Earnings Quality85/100 · Strong

Cash flow vs reported profit, margin trends, working capital efficiency

CFO/NP (3 matched years): 3.25x · Mar 2024–Mar 2026 Cash-backed earningsOPM stable around 16% SteadyWorking capital: -98 days (improving) Efficient

Quarterly Momentum70/100 · Strong

Recent 4-quarter revenue and profit growth vs prior year

Revenue (4Q): +9% YoY GrowingProfit (4Q): +37% YoY StrongOPM: 14.0% (down 5.0% YoY) Margin pressure

Peer Comparison25/100 · Weak

P/E, ROCE, ROE, and growth vs industry averages

P/E 110.0 vs industry 34.1 Premium to peersROCE 6.2% vs industry 8.6% AverageROE 0.3% vs industry 13.5% Below peers3Y sales CAGR: 3% Slow

How the quality score is calculated

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Peer Comparison 15% · Ownership Trends 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing dimensions are excluded and the remaining weights are rescaled. At least three dimensions are required for an overall score. Holding movements describe ownership shares, not proven trading flows. Broad industry groups and financial-sector accounting can limit comparability.

Share price & basic dataAll stored headline metrics · Expand table

Share Price and Basic Stock Data

Last Updated: September 26, 2026, 7:12 am

Market Cap	20,500 Cr.
Current Price	868
Intrinsic Value	N/A
High / Low	1,214/838
Stock P/E	110
Book Value	345
Dividend Yield	0.29 %
ROCE	6.17 %
ROE	0.27 %
Face Value	1.00
PEG Ratio	8.32

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Share price and model value are rupee amounts; P/E is an earnings multiple. Use the axis labels and hover or tap for the dated values.

Stock P/E Current Price Intrinsic Value

View Share Price Target for The Ramco Cements Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
The Ramco Cements Ltd	20,500 Cr.	868	1,214/838	110	345	0.29 %	6.17 %	0.27 %	1.00
ACC Ltd	23,218 Cr.	1,236	1,987/1,219	12.2	1,094	0.61 %	11.2 %	10.9 %	10.0
The India Cements Ltd	10,013 Cr.	323	490/319	74.2	327	0.00 %	1.24 %	0.37 %	10.0
Dalmia Bharat Ltd	31,890 Cr.	1,700	2,320/1,605	29.0	959	0.53 %	7.59 %	6.11 %	2.00
Star Cement Ltd	7,542 Cr.	187	273/180	20.0	79.0	1.07 %	16.6 %	13.2 %	1.00
Industry Average	35,759.88 Cr	1,670.05		34.14	605.89	0.73%	8.59%	13.51%	7.13

All Competitor Stocks of The Ramco Cements Ltd

Quarterly resultsRevenue, profit and margins by quarter · Expand table

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,009	2,570	2,241	2,329	2,106	2,673	2,088	2,038	1,977	2,392	2,070	2,235	2,101	2,606	2,269
Expenses	1,724	2,157	1,900	1,931	1,711	2,256	1,769	1,726	1,697	2,071	1,672	1,848	1,821	2,233	1,962
Operating Profit	285	413	341	399	395	417	319	312	279	321	398	387	281	373	307
OPM %	14%	16%	15%	17%	19%	16%	15%	15%	14%	13%	19%	17%	13%	14%	14%
Other Income	9	12	8	13	7	14	8	11	340	24	6	7	497	86	20
Interest	61	77	93	117	102	104	113	120	113	113	105	111	108	95	96
Depreciation	136	141	148	157	166	165	167	169	174	182	183	182	184	187	190
Profit before tax	97	207	108	138	135	162	48	35	333	49	116	100	486	177	42
Tax %	31%	26%	27%	27%	31%	25%	26%	27%	2%	37%	26%	26%	20%	17%	23%
Net Profit	67	152	79	101	93	121	36	26	325	31	86	74	387	146	32
EPS in Rs	2.85	6.45	3.34	4.29	3.95	5.14	1.50	1.08	13.77	1.31	3.64	3.14	16.37	6.20	1.35

Last Updated: September 26, 2026, 9:26 pm

Quarterly Chart

Read each series across reporting quarters. Hover or tap a point for the period and value; check the quarterly table for the underlying figures.

Annual profit & lossYearly operating and earnings history · Expand table

Profit & Loss - Annual Report

Last Updated: September 26, 2026, 9:26 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	Mar 2026	TTM
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	9,013	9,211
Expenses	3,120	2,931	2,501	2,754	3,305	4,109	4,231	3,720	4,695	6,953	7,797	7,262	7,573	7,864
Operating Profit	564	714	1,072	1,195	1,101	1,038	1,138	1,548	1,285	1,183	1,553	1,233	1,440	1,348
OPM %	15%	20%	30%	30%	25%	20%	21%	29%	21%	15%	17%	15%	16%	15%
Other Income	86	87	88	44	36	28	37	35	30	37	42	384	597	610
Interest	189	195	182	104	60	52	73	88	113	241	416	460	421	410
Depreciation	306	250	305	284	292	299	315	355	401	504	636	691	736	743
Profit before tax	154	356	673	850	785	716	787	1,140	801	474	543	466	879	804
Tax %	11%	32%	19%	24%	29%	29%	24%	33%	-11%	27%	27%	10%	21%
Net Profit	138	242	542	649	556	506	601	761	893	344	395	417	694	639
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	29.35	27.06
Dividend Payout %	17%	15%	13%	11%	13%	14%	10%	9%	8%	14%	15%	11%	9%

Profit & Loss Yearly Chart

Compare the earnings trend across financial years. Hover or tap for values, then check the annual statement for exceptional items.

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	2025-2026
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%	66.43%
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%	60.86%

The Ramco Cements Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 12 years from 2014-2015 to 2025-2026.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	10%
3 Years:	12%
TTM:	-8%

Compounded Profit Growth
10 Years:	-7%
5 Years:	-28%
3 Years:	-50%
TTM:	-59%

Stock Price CAGR
10 Years:	13%
5 Years:	9%
3 Years:	13%
1 Year:	29%

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

Last Updated: September 5, 2025, 1:46 pm

Balance sheetAssets, equity and borrowings · Expand table

Balance Sheet

Last Updated: July 24, 2026, 2:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24	24	24	24	24	24	24	24	24	24	24	24
Reserves	2,621	3,070	3,718	4,019	4,437	4,895	5,603	6,501	6,770	7,120	7,470	8,119
Borrowings	2,712	2,124	1,425	1,113	1,619	3,032	3,110	3,950	4,507	4,936	4,675	3,871
Other Liabilities	1,645	1,677	1,843	1,938	2,029	2,096	2,609	2,581	3,216	4,088	4,206	4,667
Total Liabilities	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374	16,681
Fixed Assets	4,876	4,901	5,183	5,298	5,376	6,027	6,957	7,752	10,174	12,043	12,338	12,915
CWIP	263	147	120	175	853	1,840	2,355	3,034	1,987	1,378	1,386	990
Investments	356	372	148	159	175	189	201	201	202	223	135	104
Other Assets	1,508	1,475	1,557	1,461	1,705	1,991	1,833	2,069	2,153	2,524	2,515	2,671
Total Assets	7,002	6,894	7,009	7,093	8,108	10,047	11,346	13,056	14,517	16,168	16,374	16,681

Reserves and Borrowings Chart

Cash flow statementOperating, investing and financing flows · Expand table

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	956	1,085	1,105	1,113	790	740	1,885	1,129	1,405	1,887	1,402	1,611
Cash from Investing Activity +	-482	-263	-276	-483	-1,191	-1,932	-1,771	-1,810	-1,687	-1,900	-545	-337
Cash from Financing Activity +	-457	-943	-659	-787	643	1,213	-64	715	274	-28	-782	-1,257
Net Cash Flow	17	-121	171	-157	242	20	50	34	-7	-41	75	17
Free Cash Flow	518	808	801	619	-411	-1,179	120	-680	-358	-27	461	1,216
CFO/OP	144%	115%	108%	117%	91%	77%	135%	100%	121%	124%	115%	115%

Free cash flowCash remaining after capital expenditure · Expand table

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	518.00	808.00	801.00	619.00	-411.00	-1,179.00	120.00	-680.00	-358.00	-27.00	461.00	1,216.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Free cash flow shows what remains after capital expenditure. Large investment years can reduce it; read the cash flow statement alongside the trend.

Financial efficiencyWorking-capital and operating-cycle measures · Expand table

Financial Efficiency Indicators

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
Debtor Days	30	38	48	51	37	35	36	26	21	21	33	31
Inventory Days	363	279	340	313	272	241	270	252	342	240	209	215
Days Payable	93	123	133	139	130	111	143	153	198	173	211	198
Cash Conversion Cycle	300	194	256	225	179	165	163	125	165	87	31	48
Working Capital Days	-50	-37	-80	-67	-53	-54	-58	-77	-76	-61	-72	-98
ROCE %	6%	10%	16%	18%	16%	14%	12%	15%	10%	7%	8%	5%

Financial Efficiency Indicators Chart

Shareholding patternOwnership shares across reporting dates · Expand table

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	42.11%	42.11%	42.29%	42.29%	42.29%	42.75%	42.55%	42.55%	42.55%	42.55%	42.55%	42.55%
FIIs	7.85%	7.94%	7.43%	7.38%	6.61%	6.88%	7.29%	8.43%	8.15%	7.98%	8.04%	7.52%
DIIs	33.37%	32.92%	32.24%	31.14%	30.87%	30.89%	30.14%	27.85%	28.48%	28.15%	28.92%	29.50%
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	13.29%	13.64%	14.66%	15.81%	16.85%	16.10%	16.64%	17.77%	17.42%	17.94%	17.10%	17.04%
No. of Shareholders	47,105	46,993	56,327	76,165	76,447	63,101	62,360	56,972	57,838	56,029	52,680	53,616

Shareholding Pattern Chart

No. of Shareholders

The Ramco Cements Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual fund holdingsReported fund ownership · Expand table

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Flexicap Fund	7,700,000	1.31	720.03	N/A	N/A	N/A
Nippon India Small Cap Fund	5,076,860	0.65	474.74	4,721,314	2026-01-26 03:42:57	7.53%
Tata Small Cap Fund	1,760,849	1.45	164.66	1,255,923	2026-06-11 05:06:03	40.2%
Franklin India Small Cap Fund	1,306,390	0.88	122.16	N/A	N/A	N/A
Tata Large & Mid Cap Fund	1,100,000	1.32	102.86	N/A	N/A	N/A
Franklin India Mid Cap Fund	1,071,904	0.83	100.23	1,278,181	2026-02-23 00:22:06	-16.14%
Bandhan Value Fund	975,000	0.92	91.17	875,000	2026-03-24 01:16:19	11.43%
Aditya Birla Sun Life Small Cap Fund	941,257	1.68	88.02	N/A	N/A	N/A
Tata Mid Cap Fund	700,000	1.17	65.46	N/A	N/A	N/A
Tata Infrastructure Fund	696,000	3.12	65.08	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key financial ratiosAlternate ratio feed and dated comparisons · Expand table

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)	8.52	1.87	1.58	1.25	1.32
Dividend Payout Ratio (NP) (%)	21.68	13.14	22.56	0.00	9.03
Dividend Payout Ratio (CP) (%)	6.11	4.70	8.64	0.00	6.21
Earning Retention Ratio (%)	78.32	86.86	77.44	0.00	90.97
Cash Earning Retention Ratio (%)	93.89	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 (%)	78.31	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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of The Ramco Cements Ltd and is it undervalued?

What share price and 52-week range are shown for The Ramco Cements Ltd?

The stored share price is ₹868.00. Price-data record updated: 26 September 2026, 7:12 am +05:30. This is not a live quote. The stored 52-week high / low is 1,214/838; this is a rolling range, not a financial-year range.

How have The Ramco Cements Ltd's revenue and profit changed?

Does The Ramco Cements Ltd's profit convert into cash?

What should I check in The Ramco Cements Ltd's balance sheet?

Reported borrowings were ₹3,871.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare The Ramco Cements Ltd's P/E with other stocks?

The stored P/E is 110.00. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change The Ramco Cements Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.