NSE: RAMCOCEM | BSE: 500260

Mid-range Performer

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1043.50 -20.10 (-1.89%)

32.39% Gain from 52W Low

200.9K NSE+BSE Volume

NSE 26 Aug, 2025 3:31 PM (IST)

24,657.1

Market Cap

High in industry

0.9

Beta 1Year

Low 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.

The Ramco Cements Ltd.

25 Jan 2022

1043.50

-1.89%

Elevated cost and high volume in the East weigh on margins

Buy: The Ramco Cements Ltd.

Target

Motilal Oswal

Lower realization/higher costs led to 9%/6% drop in FY23E/FY24E EBITDA, which along with higher debt assumptions resulted in 20%/14% decline in profit estimates, respectively. Though, TRCL's near-term outlook looks challenging due to higher fuel costs (INR570/t increase in 3QFY22 variable cost v/s FY21 average), we expect the company to benefit from commissioning of new capacities. The stock trades at 15.9x/12.9x FY23E/24E EV/EBITDA and USD165/t capacity. We value it at 14.5x FY24E (v/s Dec-23 earlier) EV/EBITDA (in line...

Promoters unpledged 18.63% of shares in last quarter. Total pledge stands at 3.42% of promoter holdings

The Ramco Cements Ltd.

25 Jan 2022

1043.50

-1.89%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Securities Limited

Self-reliance on power, split grinding units near markets and focus on green power has helped the company to remain a cost efficient player in South India Q3FY22 Results: Margins eroded sharply on cost pressure; Revenues broadly remained in line with estimates. Revenue increased 15.3% YoY to | 1,549.1 crore. Volumes were up 17.6%...

The Ramco Cements Ltd. has an average target of 1052.00 from 6 brokers.

The Ramco Cements Ltd.

27 Oct 2021, 12:00AM

1043.50

-1.89%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Securities Limited

Margin under pressure; demand outlook stays firm cement capacity of 19.4 MT spread across Tamil Nadu, Andhra Pradesh, Odisha, West Bengal. In sales terms, south contributes ~71% of sales while east contributes 24%, which is served via grinding units in West Bengal (2 MT) and AP (2 MT). Q2FY22 Results: Operational performance remained marginally better than our estimates; tax adjustments inflated profitability during Q2FY22. Revenue increased 18% YoY to | 1493 crore. Volumes were up 22.5% YoY...

Number of FII/FPI investors increased from 169 to 189 in Jun 2025 qtr.

The Ramco Cements Ltd.

25 Oct 2021

1043.50

-1.89%

Optimistic on demand, but wary of near-term cost inflation

Buy: The Ramco Cements Ltd.

Recommendation Target

Motilal Oswal

TRCL's 2QFY22 result reflects volume recovery in South India, post the slowdown seen during COVID-19 lockdowns. Volume improved by 27% QoQ and 23% YoY, which helped it to operate its clinker plants at 74% capacity. The company remains a play on the volume recovery theme and one of the better picks in the Cement space, led by its capacity expansion plans (clinker capacity increase of 38%) and Balance Sheet deleveraging (net debt/EBITDA expected to peak out at 2.1x in FY22E and should improve to 1x in FY24E). Recent price increase in its key markets should help to mitigate fuel cost...

The Ramco Cements Ltd. is trading above its 200 day SMA of 978.8

The Ramco Cements Ltd.

02 Aug 2021

1043.50

-1.89%

RAMCO CEMENTS LIMITED

Accumulate: The Ramco Cements Ltd.

Target

Geojit BNP Paribas

Strong realisation aided growth despite volume stress The Ramco Cements Ltd (TRCL), the flagship company of Ramco group is the 5th largest cement company in India with a total production capacity of 19.8MT (South-16.6MT & East-3.2MT). TRCL has captive Thermal power...

Number of FII/FPI investors increased from 169 to 189 in Jun 2025 qtr.

The Ramco Cements Ltd.

25 May 2021

1043.50

-1.89%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Securities Limited

Incremental volumes from new units (2 MT already commissioned and 1 MT Odisha GU commissioned in September 2020) would help it to grow ahead of industry in FY22E. The company is also commissioning the clinkering unit of 1.5 MT along with 9 MW WHRS in Jayanthipuram, 2.25 MT clinker unit in Kurnool by Q1FY22E, Q2FY22E, respectively, against earlier target of March 2021. Factoring this, we model 11.6% revenue CAGR in FY20-23E. While newly commissioned units would lead to a reduction in transit distance for the target markets in East India, the commissioning of total 39 MW WHRS...

Promoters unpledged 18.63% of shares in last quarter. Total pledge stands at 3.42% of promoter holdings

The Ramco Cements Ltd.

25 May 2021

1043.50

-1.89%

Adverse regional mix leads to weaker margins

Neutral: The Ramco Cements Ltd.

Target

Motilal Oswal

The Ramco Cements (TRCL)'s 4Q result highlights the adverse impact of higher sales in the East India market, resulting in QoQ decline in EBITDA/t to INR1,399 weighed by both lower realization and higher cost. Our FY22E/FY23E estimates are broadly unchanged. We retain our Neutral rating as we believe the valuation at 13.1x FY23E EV/EBITDA prices in the...

The Ramco Cements Ltd. has gained 26.92% in the last 1 Year

The Ramco Cements Ltd.

09 Feb 2021

1043.50

-1.89%

RAMCO CEMENTS LIMITED

Accumulate: The Ramco Cements Ltd.

Target

Geojit BNP Paribas

Strong realisation aided growth despite volume decline The Ramco Cements Ltd (TRCL), the flagship company of Ramco group is the 5th largest cement company in India with a total production capacity of 19.8MT (South-16.6MT & East-3.2MT). TRCL has captive Thermal power...

The Ramco Cements Ltd. has an average target of 1052.00 from 6 brokers.

The Ramco Cements Ltd.

04 Feb 2021

1043.50

-1.89%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Securities Limited

Incremental volumes from new units (2 MT already commissioned and 1 MT Odisha GU commissioned in September 2020 and 1 MT GU Kurnool in FY22E) would help to grow ahead of industry in FY22E. The company is also commissioning the clinkering unit of 1.5 MT along with 9 MW WHRS in Jayanthipuram and 2.25 MT clinker unit in Kurnool by March 2021. Factoring this, we model 11.6% revenue CAGR in FY20-23E. While newly commissioned units would lead to a reduction in transit distance for target markets in East India, the commissioning of total 39 MW WHRS (cost savings...

Promoters unpledged 18.63% of shares in last quarter. Total pledge stands at 3.42% of promoter holdings

The Ramco Cements Ltd.

03 Feb 2021

1043.50

-1.89%

Q3FY21 Result Update - Misses on volumes and margins - REDUCE

Sell: The Ramco Cements Ltd.

Target

Prabhudas Lilladhar

The Ramco Cements (TRCL) reported EBITDA below our and consensus FY20, FY13-FY15 and FY09-FY11. Secondly, TRCL's earnings profile would deteriorate with increasing exposure to low margin and volatile markets of AP/Telangana and East regions. Due to expensive valuations and presence in over supplied regions like South and East, we have negative outlook on the...

The Ramco Cements Ltd. is trading above its 200 day SMA of 978.8

Is The Ramco Cements Ltd. worth buying?

109 Votes:

Buy 80.73%

Sell 13.76%

Hold 5.5%

RESEARCH REPORTS

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Buy SEE REPORTS >

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