RAMCOCEMConstruction Materials

The Ramco Cements Limited

Cement & Cement Products · ISIN INE331A01037 · BSE 500260 · NSE EQ · FV ₹1
Last price
₹859
-0.49%today
What this company does

The Ramco Cements Limited operates in Cement & Cement Products, part of the Construction Materials sector. It booked ₹2,273 cr of revenue in its latest quarter (Q1 FY27) and kept 1.4% of sales as profit. It is the 8th largest of 9 Cement & Cement Products companies we track, by market value.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns17

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency65

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk85

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Promoters hold 43%
Turns profit into real cash
Watch-outs
! Thin 1.4% net margin
! Profit down 63% vs last year
! 3.4% of promoter stake pledged
! Low 1.5% return on equity

What if I invest in RAMCOCEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 11% a year, it would become
₹21.24 lakh

The slider starts at 11%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹859 -0.49%
latest close · 2026-09-17
1-year return
-11.3%
52-wk low ₹57652-wk high ₹1,120
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio162.7High
LowAverageHigh
P/B ratio2.51Moderate
Below bookModerateHigh
EV / EBITDA18.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.5%Weak
WeakFairStrong ▸15%
Return on capital4.4%Weak
WeakFairStrong
Net margin1.4%Thin
ThinDecentStrong
EBITDA margin14.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.48Comfortable
LowModerateHigh ▸1
Interest cover1.4×Risky
RiskyOkayStrong ▸5×
Current ratio0.54Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹20,297 cr
Book value
₹343
EPS
₹1.32
latest quarter
Net debt
₹3,664 cr
owes more than its cash
Enterprise value
₹23,961 cr
EBITDA
₹1,303 cr
annualised
EBIT
₹544 cr
annualised
Operating margin
6.0%
Return on assets
0.8%
Earnings yield
0.61%
P/S
2.23
Sales / share
₹384.8
Tax rate
23.2%
Face value
₹1
Shares
23.6 cr
Working capital
₹-2,005 cr
Current assets
₹2,387 cr
Current liabilities
₹4,392 cr
Delivery %
53.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹191₹213, midpoint ₹202

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,273 cr
Other Income₹7 cr
Total Income₹2,280 cr
Cost of Materials₹468 cr
Purchases of Stock-in-Trade₹85 L
Inventory Change (±)₹-53 cr
Employee Benefit Expense₹157 cr
Finance Costs₹96 cr
Depreciation & Amortisation₹190 cr
Other Expenses₹1,393 cr
Total Expenses₹2,252 cr
Exceptional Items₹13 cr
Profit before Tax₹40 cr
Tax Expense₹9 cr
Share of JV / Associates₹22 L
Net Profit₹31 cr
Net margin on total income1.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹416 cr18.1%
Employee benefit expense₹157 cr6.9%
Finance costs₹96 cr4.2%
Depreciation & amortisation₹190 cr8.3%
Other expenses₹1,393 cr60.8%
Tax expense₹9 cr0.4%
Profit for the period₹31 cr1.4%
Total income ₹2,280 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,106 cr2,610 cr2,273 cr
Total income2,123 cr2,622 cr2,280 cr
Expenses2,119 cr2,523 cr2,252 cr
Profit before tax483 cr173 cr40 cr
Tax98 cr27 cr9 cr
Net profit (owners' share)386 cr151 cr31 cr
Net margin (owners' share, on revenue)18.3%5.8%1.4%
EPS (₹)16.316.381.32
YoY (latest quarter): total income +9.6% · net profit -63.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹16,636 cr
Shareholder equity
₹8,094 cr
parent shareholders
Total debt
₹3,852 cr
Cash
₹188 cr
Cash flow · H1 FY26
Operating
₹646 cr
Investing
₹-545 cr
Financing
₹-203 cr
Peer comparison
Cement & Cement Products · by market value
CompanyPriceMarket capP/E
UltraTech Cement Limited₹10,764₹3.17 L cr30.5
Grasim Industries Limited₹3,173₹2.16 L cr25.1
Ambuja Cements Limited₹383₹95,238 cr41.3
SHREE CEMENT LIMITED₹21,960₹79,232 cr37.4
JK Cement Limited₹5,027₹38,844 cr35.0
Dalmia Bharat Limited₹1,693₹32,173 cr42.2
ACC Limited₹1,233₹23,171 cr39.4
The Ramco Cements Limitedthis company₹859₹20,297 cr162.7
JSW Cement Limited₹117₹15,750 cr24.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.29%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 13 Aug 2026
ActionDetailEx-date
Dividend₹2.5 / share13 Aug 2026
Dividend₹2 / share6 Aug 2025
Dividend₹2.5 / share9 Aug 2024
Dividend₹2 / share3 Aug 2023
Dividend₹3 / share2 Aug 2022
Dividend₹3 / share22 Mar 2021
Who owns it · 2026-06-30
3.4% pledged
Promoter
42.6%
FII / Foreign
7.5%
DII / Domestic
29.5%
Retail / others
20.4%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSETHULAKSHMI JAYARAMAN · Promoter Group3.68 L · ₹30.7 cr26 Mar 24
BoughtALAGARAJA RAMALAKSHMI · Promoter Group3.68 L · ₹30.7 cr26 Mar 24
BoughtP R VENKETRAMA RAJA · Promoters1.50 L · ₹10.8 cr26 Sep 22
Bulk / block deals
short · NSE10026 Aug 26
short · NSE3,65010 Aug 26
short · NSE16 Apr 26
Stake changes
DisposalL&T Mutual Fund→ 2.99%4 Mar 22
BoughtLife Insurance of Corporation of India→ 5.00% · 1.20 L17 Sep 21
BoughtKotak Mahindra Mutual fund→ 5.01% · 42,00024 Oct 19
Promoter pledges
PledgedM/s. Tata Capital Limited6.32 L · 7.84% held24 Jul 26
ReleasedBarclays Investments & Loans India Pvt. Ltd.1.30 L · 0.28% held24 Jul 26
ReleasedBarclays Investments & Loans India Pvt. Ltd.4.70 L · 8.04% held24 Jul 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
Adoption of Company’s Separate and Consolidated Audited Financial Statements for the year ended 31st March 2026 and the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
8.32 cr votes for, 22 against · 0% of mutual funds and other big investors said no
2
Declaration of dividend of Rs.2.50/- per share for the Financial Year ended 31st March 2026
Backed by 100% of shareholders other than promotersneeded 50%
8.32 cr votes for, 12 against · 0% of mutual funds and other big investors said no
3
Shri.P.R.Venketrama Raja (DIN:00331406), who retires by rotation and being eligible, seeks reappointment
Promoters had a personal stake in this
Backed by 94% of shareholders other than promotersneeded 50%
7.80 cr votes for, 52.24 L against · 6% of mutual funds and other big investors said no
4
Ratification of Remuneration of Rs. 7,50,000/-(Rupees Seven lakhs fifty thousand only) exclusive of GST and out-of-pocket expenses, payable to M/s.Geeyes & Co., Cost Accountants (Firm Registration No: 000044), appointed as the cost auditors of the company for the Financial Year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
8.32 cr votes for, 1,132 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 42.5% between them · as of 2026-06-30
RAMCO INDUSTRIES LIMITED21.82%
RAJAPALAYAM MILLS LIMITED13.61%
SRI VISHNU SHANKAR MILL LIMITED1.31%
SUDHARSANAM INVESTMENTS LIMITED1.26%
THE RAMARAJU SURGICAL COTTON MILLS LTD.1.20%
NALINA RAMALAKSHMI1.15%
SARADHA DEEPA0.83%
RAMASUBRAHMANEYA RAJHA SUDARSANAM0.60%
Business done with them
FY2025 · 7 of the group
The company paid ₹31 cr to companies in the promoter group last year — about 0.4% of its ₹8,518 cr revenue and received ₹331 cr back from them.
Ramco Industries Limited
Sold property or assets to them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹327 cr
company received
Ramco Industries Limited
Contribution made to them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹13 cr
company paid
Rajapalayam Mills Limited
Contribution made to them · Sale of Goods – Cement,Sale of fixed assets, Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits,Usage charges received for Power Consumed by virtue of Joint Ownership of Shares with APGPCL,Leasing Arrangements – Rent Received,Dividend received,Sale of Fixed Assets,Share of Enterprise Agreement License System for Microsoft Products, Investments in Equity Shares, Receiving/Sharing of services- Advertisement/Workshop/Sponsorship/AMC/Others, Rendering of services- supply of manpower on deputation and other services, Dividend Paid
also owns 13.61% of the company
₹8 cr
company paid
P.R. Venketrama Raja
Other payments to them · Remuneration to Key Management Personnel (Sitting Fees / ESOP considered separately),Directors’ Sitting Fees,Interest Received / (Paid),Borrowings, Dividend Paid
₹7 cr
company paid
P.R. Venketrama Raja
Contribution received from them · Remuneration to Key Management Personnel (Sitting Fees / ESOP considered separately),Directors’ Sitting Fees,Interest Received / (Paid),Borrowings, Dividend Paid
₹2 cr
company received
Ramco Industries Limited
Other income from them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹1 cr
company received
The Ramaraju Surgical Cotton Mills Limited
Contribution made to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products,Security Deposits received by virtue of Joint Ownership of shares with APGPCL, Purchase of RoDTEP Scrips & Verified Carbon Credits, Rendering of services-supply of manpower on deputation and other services, Dividend Paid
also owns 1.20% of the company
₹83 L
company paid
Sri Vishnu Shankar Mill Limited
Contribution made to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products, Purchase of RoDTEP Scrips & Verified Carbon Credits,Rendering of Services- supply of manpower on deputation and other services,Dividend Paid
also owns 1.31% of the company
₹77 L
company paid
Sudharsanam Investments Limited
Contribution made to them · Dividend Paid
also owns 1.26% of the company
₹75 L
company paid
Rajapalayam Mills Limited
Provided services to them · Sale of Goods – Cement,Sale of fixed assets, Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits,Usage charges received for Power Consumed by virtue of Joint Ownership of Shares with APGPCL,Leasing Arrangements – Rent Received,Dividend received,Sale of Fixed Assets,Share of Enterprise Agreement License System for Microsoft Products, Investments in Equity Shares, Receiving/Sharing of services- Advertisement/Workshop/Sponsorship/AMC/Others, Rendering of services- supply of manpower on deputation and other services, Dividend Paid
also owns 13.61% of the company
₹61 L
company received
P.R. Venketrama Raja
Contribution made to them · Remuneration to Key Management Personnel (Sitting Fees / ESOP considered separately),Directors’ Sitting Fees,Interest Received / (Paid),Borrowings, Dividend Paid
₹44 L
company paid
Ramco Industries Limited
Sold goods to them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹39 L
company received
R. Sudarsanam
Contribution made to them · Dividend Paid
₹32 L
company paid
Ramco Industries Limited
Provided services to them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹28 L
company received
The Ramaraju Surgical Cotton Mills Limited
Provided services to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products,Security Deposits received by virtue of Joint Ownership of shares with APGPCL, Purchase of RoDTEP Scrips & Verified Carbon Credits, Rendering of services-supply of manpower on deputation and other services, Dividend Paid
also owns 1.20% of the company
₹19 L
company received
Ramco Industries Limited
Leases As Lessee · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹14 L
company received
Sri Vishnu Shankar Mill Limited
Provided services to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products, Purchase of RoDTEP Scrips & Verified Carbon Credits,Rendering of Services- supply of manpower on deputation and other services,Dividend Paid
also owns 1.31% of the company
₹14 L
company received
Rajapalayam Mills Limited
Sold goods to them · Sale of Goods – Cement,Sale of fixed assets, Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits,Usage charges received for Power Consumed by virtue of Joint Ownership of Shares with APGPCL,Leasing Arrangements – Rent Received,Dividend received,Sale of Fixed Assets,Share of Enterprise Agreement License System for Microsoft Products, Investments in Equity Shares, Receiving/Sharing of services- Advertisement/Workshop/Sponsorship/AMC/Others, Rendering of services- supply of manpower on deputation and other services, Dividend Paid
also owns 13.61% of the company
₹10 L
company received
Ramco Industries Limited
Paid them for services · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹5 L
company paid
Sri Vishnu Shankar Mill Limited
Sold goods to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products, Purchase of RoDTEP Scrips & Verified Carbon Credits,Rendering of Services- supply of manpower on deputation and other services,Dividend Paid
also owns 1.31% of the company
₹3 L
company received
The Ramaraju Surgical Cotton Mills Limited
Sold goods to them · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products,Security Deposits received by virtue of Joint Ownership of shares with APGPCL, Purchase of RoDTEP Scrips & Verified Carbon Credits, Rendering of services-supply of manpower on deputation and other services, Dividend Paid
also owns 1.20% of the company
₹3 L
company received
Ramco Industries Limited
Bought goods from them · Sale of Goods – Cement,Sale of Goods – Flyash,Purchase of Goods – Fibre Sheet and Silicate Boards, Packing materials & Raw materials,Purchase of RoDTEP Scrips & Verified Carbon Credits, Receiving of Services – Advertisement / Workshop / Sponsorship / AMC,Leasing Arrangements – Rent Received,Leasing Arrangements – Rent Paid,Share of Enterprise Agreement License System for Microsoft Products,Supply of Manpower on deputation and other services, Trade Receivables,Loans and Advances,Security Deposit received towards lease arrangement, Dividend Received. Dividend Paid, Purchase of fixed assets, Advance received against sale of fixed assets
also owns 21.82% of the company
₹2 L
company paid
The Ramaraju Surgical Cotton Mills Limited
Leases As Lessor · Sale of Goods – Cement,Leasing Arrangements – Rent Received,Share of Enterprise Agreement License System for Microsoft Products,Security Deposits received by virtue of Joint Ownership of shares with APGPCL, Purchase of RoDTEP Scrips & Verified Carbon Credits, Rendering of services-supply of manpower on deputation and other services, Dividend Paid
also owns 1.20% of the company
₹1 L
company received

The company also transacted with 31 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.