NSE: RAMCOCEM | BSE: 500260

Value Stock, Under Radar

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880.70 3.30 (0.38%)

New 52W Low in past week

226.5K NSE+BSE Volume

NSE 05 Jun, 2026 3:31 PM (IST)

20,810.3

Market Cap

High in industry

Beta 1Year

Average volatility

The Ramco Cements Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RAMCOCEM, BSE:500260 The Ramco Cements Ltd.

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The Ramco Cements Ltd.

25 May 2026

880.70

0.38%

Result Update – Q4FY26

Sell: The Ramco Cements Ltd.

Recommendation Target

Deven Choksey

We remain cautious on Ramco Cements due to mounting cost pressures and a challenging operating environment that could weigh on profitability over the near term. Management has guided for cement demand growth of 6–7% in FY27; however, demand in Q1FY27 remained muted due to state elections across Tamil Nadu, Kerala, and West Bengal.

Promoters pledged 0.01% of shares in last quarter. Total pledge stands at 3.43% of promoter holdings

The Ramco Cements Ltd.

24 May 2026

880.70

0.38%

The Ramco Cements (SELL): Efficiencies impact the show, more challenges await; SELL

Sell: The Ramco Cements Ltd.

Target

BOB Capital Markets Ltd.

Volume growth in lower single digits at ~4% YoY. Eastern exposure helps pricing recovery ~5% YoY (2% QoQ), supports revenue growth

The Ramco Cements Ltd. is trading below all available SMAs

The Ramco Cements Ltd.

19 Feb 2026

880.70

0.38%

RAMCO CEMENTS LIMITED

Accumulate: The Ramco Cements Ltd.

Target

Geojit BNP Paribas

Revenue grew 6% YoY, and sales volumes increased by 4% YoY in Q3FY26, EBITDA remained flat on a YoY basis, while EBITDA per ton declined ~2.9%, largely due to a 4% increase in raw material costs, including the impact of higher...

Deven Choksey downgraded The Ramco Cements Ltd. to Sell with a price target of 836.0 on 25 May, 2026.

The Ramco Cements Ltd.

10 Feb 2026

880.70

0.38%

The Ramco Cements (SELL): Performance shortfall continues; no respite in medium term

Sell: The Ramco Cements Ltd.

Target

BOB Capital Markets Ltd.

Overall volumes grew 5% YoY. Subdued realisations (+1% YoY) on weak East pricing, kept revenue growth modest at 6% YoY

Deven Choksey downgraded The Ramco Cements Ltd. to Sell with a price target of 836.0 on 25 May, 2026.

The Ramco Cements Ltd.

24 Nov 2025

880.70

0.38%

Margins improve, but weak volumes and premium valuations constrain upside

Hold: The Ramco Cements Ltd.

Deven Choksey

The near-term outlook remains steady but moderated, with earnings likely to be range-bound as benefits from improved pricing and higher green-energy usage are partly offset by raw material cost pressures arising from the MBT levy.

The Ramco Cements Ltd. is trading below all available SMAs

The Ramco Cements Ltd.

09 Nov 2025

880.70

0.38%

Costs offset volume beat

Hold: The Ramco Cements Ltd.

Target

ICICI Securities Limited

The Ramco Cements’ (TRCL) Q2FY26 EBITDA at INR 3.9bn (up 24% YoY/down 3% QoQ) stood just 4% ahead of our estimates despite a massive volume beat (being 13% ahead of forecast; up 10% QoQ though flattish YoY).

The Ramco Cements Ltd. is trading below all available SMAs

The Ramco Cements Ltd.

07 Nov 2025

880.70

0.38%

The Ramco Cements (SELL): Price hikes help margin gains, but may reverse in short term

Sell: The Ramco Cements Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue grew by ~10%/8% YoY/QoQ to ~Rs 22.3bn, helped by healthy pricing gains of 12% YoY. Volume slips by 2%

The Ramco Cements has lost -20.20% in the last 3 Months

The Ramco Cements Ltd.

05 Nov 2025, 12:00AM

880.70

0.38%

Higher volume drives EBITDA beat

Neutral: The Ramco Cements Ltd.

Target

Motilal Oswal

The Ramco Cements’ (TRCL) 2QFY26 EBITDA grew 24% YoY to INR3.9b (12% beat), led by higher-than-estimated volume (5% beat) and lower-thanestimated opex/t. EBITDA/t rose 22% YoY (down 12% QoQ) to INR851 (6% beat).

The Ramco Cements Ltd. is trading below all available SMAs

The Ramco Cements Ltd.

17 Sep 2025

880.70

0.38%

RAMCO CEMENTS LIMITED

Accumulate: The Ramco Cements Ltd.

Recommendation Target

Geojit BNP Paribas

Kolimigundla, debottlenecking of existing plants, and additional grinding capacities. We value TRCL at 15x FY27E EV/EBITDA (vs. 3-year average of ~14x), arriving at a target price of 1,270, and downgrade the rating to Accumulate....

The Ramco Cements has lost -20.20% in the last 3 Months

The Ramco Cements Ltd.

21 Aug 2025

880.70

0.38%

The Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Direct

Strong focus on scaling up construction chemical business: Company targets to scale this construction chemicals business revenue to Rs 2000 crore in the next 4-5 years (from Rs 210 crore revenue in FY25), with revenue share increasing to 12.5% by FY30E (from 2.5% in FY25), led by healthy demand in...

Deven Choksey downgraded The Ramco Cements Ltd. to Sell with a price target of 836.0 on 25 May, 2026.

Is The Ramco Cements Ltd. worth buying?

111 Votes:

Buy 81.08%

Sell 13.51%

Hold 5.41%

RESEARCH REPORTS

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Sell SEE REPORTS >

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