The Ramco Cements Limited

NSE: RAMCOCEM · Cement & Cement Products · sector

₹745.65NSE close 2026-10-26

Key numbers

Market cap₹17,620 cr

Price₹745.65

52w high / low₹1,214 / ₹746

P/E27.3xSector median 21.5x

P/B2.2xSector median 1.4x

Book value₹342.5

Dividend yield0.27%Sector median 0.64%

ROE8.3%Sector median 7.3%

ROCE10.1%Sector median 6.3%

OPM20.7%Sector median 10.9%

Debt / equity0.48xSector median 0.48x

EV/EBITDA11.1xSector median 14.1x

Interest cover2.9x

Current ratio0.54x

Sales growth 3y+3.4%Sector median +1.9%

Profit growth 3y+30.5%Sector median +16.8%

PEG0.94x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 38 companies in Cement & Cement Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹227 cr vs borrowings ₹3,852 cr (FY26): borrowings are higher by ₹3,625 cr.
Operating profit covered interest 2.9x in the last 12 months.
3.59% of the promoters' shares are pledged (1.5% of all shares).
Operating cash flow was below net profit in 0 of the last 5 years.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 7% of net profit in the last 12 months.
Dividend paid in 4 of the last 5 financial years.
Price ₹745.65 on 2026-10-26: -38.6% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,193.30 · low ₹745.65

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,044	1,983	2,397	2,074	2,239	2,106	2,610	2,273
EBITDA	314	468	330	398	388	759	445	319
OPM %	15.4%	23.6%	13.8%	19.2%	17.3%	36.0%	17.0%	14.0%
Other income	10	11	12	6	7	17	12	7
Net profit	26	182	27	85	77	386	151	31
EPS (₹)	1.12	7.62	1.16	3.60	3.27	16.31	6.38	1.32
Revenue YoY					+9.5%	+6.2%	+8.9%	+9.6%
Profit YoY					+200.9%	+111.4%	+449.8%	-63.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	6,004	8,157	9,376	8,518	9,029	9,228
EBITDA	1,290	1,186	1,565	1,432	1,989	1,911
Net profit	881	315	360	273	699	645
EPS (₹)	39.00	13.76	15.77	11.53	29.56	27.28
Revenue growth		+35.9%	+14.9%	-9.2%	+6.0%	+8.6%
Profit growth		-64.3%	+14.4%	-24.3%	+156.2%	+101.2%
Dividend / share (₹)	–	3.00	2.00	2.50	2.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+3.4%	+11.3%	+8.6%
Net profit	+30.5%	-2.3%	+101.2%
EPS	+29.0%	-2.8%	–
Share price	–	-3.6% (2y)	-25.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	6,861	7,238	7,442	8,094
Borrowings	–	4,487	4,917	4,652	3,852
Cash & equivalents	–	170	137	209	227
Total assets	–	14,595	16,273	16,330	16,636
Fixed assets	–	9,976	11,532	11,754	12,383
Capital work in progress	–	1,927	1,329	1,353	922
Investments	–	28	87	35	0
Receivables	–	465	856	730	793
Inventory	–	884	983	1,016	1,030
Payables	–	639	993	939	1,201

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,135	1,412	1,906	1,399	1,611
Cash from investing	-1,816	-1,694	-1,911	-542	-338
Cash from financing	715	274	-28	-782	-1,257
Capex	1,817	1,766	1,923	1,024	997
Free cash flow	-682	-354	-17	375	614

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	4.6%	5.0%	3.7%	8.6%
ROCE %	–	6.3%	7.9%	6.4%	10.8%
Debtor days	–	21	33	31	32
Inventory days	–	240	209	215	196
Payable days	–	174	211	199	228
Cash conversion cycle (days)	–	87	31	47	0
Working capital days	–	-54	-67	-89	-81

Shareholding

Holder	% (2026-09-30)
Promoters	42.56%
FIIs	7.18%
DIIs	30.06%
of which Mutual funds	21.66%
of which Insurance	8.09%
Government	3.39%
Public (non-institutions)	16.81%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	42.75%	42.56%	42.56%	42.56%	42.56%	42.56%	42.56%	42.56%

Promoter group	%
Ramco Industries Limited	21.82%
Rajapalayam Mills Limited	13.61%
SRI Vishnu Shankar Mill Limited	1.31%
Sudharsanam Investments Limited	1.26%
The Ramaraju Surgical Cotton Mills Ltd.	1.20%
Nalina Ramalakshmi	1.15%
Saradha Deepa	0.83%
Ramasubrahmaneya Rajha Sudarsanam	0.60%
A. Ramalakshmi	0.25%
Sethulakshmi J.	0.24%
Pusapadi Ramasubramania Raja Venketrama Raja	0.21%
S.r.srirama Raja	0.05%
N.r.k.ramkumar Raja	0.01%

Public holders above 1%	%
Life Insurance Corporation of India and Various SUB Accounts	5.39%
SBI Large & Midcap Fund and Various SUB Accounts	4.33%
Tata Mutual Fund and Various SUB Accounts	3.45%
The Governor, Government of Tamil Nadu	3.39%
Kotak Flexicap Fund and SUB Account	3.18%
HDFC Trustee Company Limited and Various SUB Accounts	2.78%
Nippon Life India Trustee Ltd and Various SUB Accounts	2.24%
Govindlal M Parikh	1.53%
Shamyak Investment Private Limited	1.21%

52,404 shareholders. Pledged: 3.59% of promoter shares.

Peers in Cement & Cement Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
ULTRACEMCO	₹3,29,452 cr	37.4x	4.5x	12.1%	13.5%	19.0%	+11.9%	0.69%
GRASIM	₹2,00,762 cr	35.1x	1.9x	5.7%	5.9%	14.2%	+14.2%	0.83%
AMBUJACEM	₹91,448 cr	20.8x	1.5x	7.8%	4.8%	14.6%	+1.4%	0.62%
SHREECEM	₹84,932 cr	52.1x	3.6x	7.3%	9.6%	20.9%	+5.5%	0.60%
JKCEMENT	₹38,133 cr	40.3x	5.4x	14.4%	13.7%	15.9%	+12.2%	0.30%
DALBHARAT	₹30,890 cr	32.6x	1.7x	2.3%	6.9%	18.5%	+3.0%	0.55%
ACC	₹21,934 cr	11.5x	1.1x	9.8%	9.2%	10.4%	+5.3%	0.64%
RAMCOCEM	₹17,620 cr	27.3x	2.2x	8.3%	10.1%	20.7%	+3.4%	0.27%
JSWCEMENT	₹15,880 cr	20.5x	2.4x	11.6%	9.8%	17.2%	–	–
NUVOCO	₹12,160 cr	29.4x	1.3x	4.4%	6.8%	15.9%	+2.3%	–

All 38 companies in Cement & Cement Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-13	Dividend	Dividend - Rs 2.50 Per Share
2025-08-06	Dividend	Dividend - Rs 2 Per Share
2024-08-09	Dividend	Annual General Meeting/Dividend - Rs 2.50 Per Share
2023-08-03	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2022-08-02	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2021-08-11	Other	Annual General Meeting
2021-03-22	Dividend	Interim Dividend - Rs 3 Per Share
2020-08-28	Other	Annual General Meeting
2020-03-11	Dividend	Interim Dividend - Rs 2.5 Per Sh
2019-07-31	Dividend	Annual General Meeting/Dividend Rs 3 Per Sh
2018-07-26	Dividend	Annual General Meeting / Dividend- Rs 3 Per Share
2017-07-27	Dividend	Dividend - Rs 3 Per Share
2016-03-18	Dividend	Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2015-07-29	Dividend	Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2014-07-18	Dividend	Annual General Meeting And Final Dividend Re.1/- Per Share
2013-07-19	Dividend	Annual General Meeting And Final Dividend Re.1/- Per Share
2013-02-15	Dividend	Interim Dividend Rs 1 Per Share (Purpose Revised)
2012-11-09	Dividend	Interim Dividend Re.1/- Per Share (Purpose Revised)
2012-07-26	Dividend	Annual General Meeting/Dividend Re 0.50 Per Share
2012-03-27	Dividend	Interim Dividend Rs.2/- Per Share (Purpose Revised)

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Manufacture of cement


Sector	Commodities
Industry	Cement & Cement Products
Sub-industry	Cement & Cement Products
Symbol	RAMCOCEM
BSE code	500260
ISIN	INE331A01037
Face value	₹1.0
Incorporated	1957-07-03
Website	https://www.ramcocements.in
Plants (India / abroad)	17 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.