Manufactures cement and construction chemicals, with cement accounting for 94.76% of revenue across 17 plants. In FY26, the company generated revenue of Rs 9,028.76 crore at an EBITDA margin of 22.49%, producing EBITDA of Rs 1,481.56 crore. Operating costs are dominated by other operating expenses at 56.3% of revenue, followed by materials at 21.3%, with capex at 11% reflecting continued investment in plant capacity. The company is also expanding green power usage, with waste heat recovery capacity of 53 MW targeting 68 MW next fiscal year. Net profit was Rs 698.79 crore on total assets of Rs 16,635.59 crore. The business is asset-heavy, exposed to construction-cycle demand, and operates in the cement and cement products industry. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement (95%), Construction chemicals. Asset-heavy, cyclical cement and construction chemicals manufacturer.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,004 | 8,157 | 9,376 | 8,518 | 9,029 |
| EBITDA (ex other income) | 1,290 | 1,186 | 1,565 | 1,432 | 1,989 |
| margin % | 21.5 | 14.5 | 16.7 | 16.8 | 22.0 |
| Owners' profit | 881 | 315 | 360 | 273 | 699 |
| EPS, as reported (₹) | 39.00 | 13.76 | 15.77 | 11.53 | 29.56 |
| ROE % · ROCE % | 13.3 · 8.8 | 4.6 · 6.2 | 4.9 · 7.8 | 3.6 · 6.5 | 8.6 · 10.5 |
| Debt / equity (x) | 0.59 | 0.65 | 0.68 | 0.63 | 0.48 |
| Cash from operations | 1,135 | 1,412 | 1,906 | 1,399 | 1,611 |
| Capex | (1,817) | (1,766) | (1,923) | (1,024) | (997) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,044 | 1,983 | 2,397 | 2,074 | 2,239 | 2,106 | 2,610 | 2,273 |
| Profit before tax | 34 | 191 | 46 | 115 | 100 | 483 | 173 | 40 |
| Net profit | 26 | 182 | 26 | 85 | 78 | 386 | 151 | 31 |
| EPS (₹) | 1.12 | 7.62 | 1.16 | 3.60 | 3.27 | 16.31 | 6.38 | 1.32 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 | 9.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Ramco Cements Cancels Investor Meet with Motilal AMC | general | low | — | — |
| 10 Sept 2026 · Ramco Cements Pandalgudi mine wins global biodiversity certification | compliance | minimal | — | — |
| 3 Sept 2026 · Ramco Cements 68th AGM minutes filed; all 4 resolutions passed | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Investor meet scheduled with Motilal AMC on 11 Sept 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Notice to shareholders on unclaimed dividends moving to IEPF | compliance | minimal | — | — |
| 24 Aug 2026 · Ramco Cements stops paying Rs 160/tonne Mineral Bearing Land Tax | business updates | medium | — | — |
| 21 Aug 2026 · 68th AGM results: Dividend of Rs 2.50/share declared, all 4 resolutions passed | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · Ramco Cements 68th AGM held; dividend of Rs 2.50 per share declared | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Ramco Cements investor meet shifted to video conference | investor communications | low | — | — |
| 10 Aug 2026 · Ramco Cements schedules investor meet on 13 Aug 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 23.8 |
| JK CEMENT LIMITED | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED ◆ | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.8 | 24.6 | 21 of 35 | 41% |
| P/B | 2.5 | 1.5 | 25 of 34 | 27% |
| ROCE | 7.1 | 3.7 | 13 of 37 | 67% |
| ROE | 8.6 | 7.7 | 17 of 38 | 57% |
| Debt / Equity | 0.5 | 0.4 | 23 of 38 | 41% |
| EBITDA margin | 14.3 | 13.1 | 16 of 37 | 58% |
| Revenue growth | 9.6 | 7.8 | 15 of 37 | 61% |
| Profit growth | (63.1) | (24.7) | 31 of 37 | 17% |
| Market cap | 20521 | 2005 | 8 of 38 | 81% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
