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The Ramco Cements Ltd share Price Today

Company details

833.25
850.90
700.00
1,058.20
6M Return -17.67%
1Y Return -10.41%
Mkt Cap.(Cr) 19,764.64
Volume 1,768,915
Div Yield 0.30%
OI
-
OI Chg %
-
Volume 1,768,915
NSE

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The Ramco Cements announced FY24 results:

  • Sales Volume: In FY24, the company achieved a sales volume of 18.40 million tons, marking a significant increase from the 15.02 million tons recorded in FY23, representing a growth of 22%, which is the highest in the industry.
  • Capacity Utilization: Cement capacity utilization for FY24 stood at 83%, indicating efficient operational management.
  • Net Revenue: The net revenue for FY24 reached Rs 9,392 crore, up from Rs 8,172 crore in FY23, reflecting a growth of 15%.
  • Focus on Product Strategy: The company remains focused on the strategy of offering the right products for the right applications to strengthen its brands.
  • EBIDTA: EBIDTA for FY24 increased to Rs 1,595 crore compared to Rs 1,219 crore in FY23, marking a growth of 31%.
  • Blended EBIDTA per Ton: Blended EBIDTA per ton for FY24 improved to Rs 867/- compared to Rs 811/- in FY23.
  • Operating Ratio: The operating ratio for FY24 was 17%, slightly higher than the 15% recorded in FY23.
  • Cost Dynamics: The cost of raw materials increased by 5% YoY, attributed to inflationary impacts on procurement costs. However, the power & fuel cost per ton of cement decreased to Rs 1,389/- in FY24 compared to Rs 1,771/- in FY23.
  • Fuel Consumption: Blended fuel consumption per ton for cement decreased from USD 177 (Cost per Kcal: Rs 2.20) in FY23 to USD 149 (Cost per Kcal: Rs 1.75) in FY24.
  • Green Power Usage: The company significantly improved its overall green power usage from 22% in FY23 to 34% in FY24, primarily due to changes in the utility of wind power to captive purposes.
  • Interest and Depreciation: Interest cost for FY24 increased to Rs 416 crore from Rs 241 crore in FY23, while depreciation increased to Rs 636 crore from Rs 504 crore in FY23. These increases were primarily due to the commissioning of new units.
  • Profit Before Tax: Profit before tax for FY24 amounted to Rs 544 crore, compared to Rs 474 crore in the corresponding period of the previous year.
  • Debt: The net debt as on 31-03-2024 is Rs 4,822 crore including working capital borrowings and the net debt to EBIDTA is at 3.02 times. The average cost of debt for FY24 is at 7.70% as against 6.35% in FY23 due to increase in Repo rates.

Result PDF

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The Ramco Cements Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 2 quarters
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 847.2
R2 857.9
R3 864.8
Pivot

840.20

S1 829.5
S2 822.6
S3 811.9
EMA SMA
835.2
820.6
837.2
857.9
832.5
799.0
825.9
901.2
Delivery and volume
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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
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Name Category Shares
SARADHA DEEPA PROMOTER 0.83%
P.R. VENKETRAMA RAJA PROMOTER 0.74%
NALINA RAMALAKSHMI PROMOTER 0.68%
R SUDARSANAM . PROMOTER 0.54%
RAMCO INDUSTRIES LIMITED PROMOTER 21.36%
RAJAPALAYAM MILLS LIMITED PROMOTER 13.61%
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
Strong volume growth to continue…
Call Date
01 Apr 2024
Entry Price 816.00
Target Price 1,000.00
Duration
12 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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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 836.45 11,667.90 670.25 27,870.40 2,619.05
% Change -0.18 -0.42 1.45 0.14 -0.68
Mcap ₹ Cr 19,764.64 336,842.94 165,090.82 100,559.19 49,182.35
Revenue TTM ₹ Cr 8,157.26 61,326.50 33,159.64 17,852.33 19,958.92
Net Profit TTM ₹ Cr 341.99 4,916.88 4,738.01 1,269.14 2,336.53
PE TTM 54.87 47.69 49.78 41.99 22.80
1 Year Return -10.41 41.25 54.35 15.87 44.51
ROCE 6.47 12.86 16.49 8.51 18.62
ROE 5.07 9.62 12.95 7.03 15.34
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,861.06 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

The Ramco Cements Ltd Information

Stock PE (TTM)
54.87
Promoter Holding
42.29%
Book Value
306.3112
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.

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Registered Address

Ramamandiram, , Rajapalayam, Tamil Nadu, 626117

Tel : 91-4563-236688
Email : ksn:ramcocements.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 Jun 28, 2024 03:59 PM the closing price of The Ramco Cements Ltd was Rs.836.45.

The latest PE ratio of The Ramco Cements Ltd as of Jun 28, 2024 03:59 PM is 54.87

The latest PB ratio of The Ramco Cements Ltd as of Jun 28, 2024 03:59 PM is 0.37

The 52-week high of The Ramco Cements Ltd share price is Rs. 1,058.20 while the 52-week low is Rs. 700.00

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

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 Jun 28, 2024 03:59 PM, the market cap of The Ramco Cements Ltd stood at Rs. 19,764.64 Cr.

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