The Ramco Cements Limited

NSEI:RAMCOCEM Stock Report

Market Cap: ₹208.1b

Ramco Cements Past Earnings Performance

Past criteria checks 3/6

Ramco Cements's earnings have been declining at an average annual rate of -19.4%, while the Basic Materials industry saw earnings declining at 2.8% annually. Revenues have been growing at an average rate of 10.1% per year. Ramco Cements's return on equity is 8.6%, and it has net margins of 7.7%.

Key information

-19.42%

Earnings growth rate

-20.25%

EPS growth rate

Basic Materials Industry Growth2.92%
Revenue growth rate10.15%
Return on equity8.63%
Net Margin7.74%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article May 30

Ramco Cements' (NSE:RAMCOCEM) Promising Earnings May Rest On Soft Foundations

The Ramco Cements Limited ( NSE:RAMCOCEM ) announced strong profits, but the stock was stagnant. Our analysis suggests...

Recent updates

Analysis Article May 30

Ramco Cements' (NSE:RAMCOCEM) Promising Earnings May Rest On Soft Foundations

The Ramco Cements Limited ( NSE:RAMCOCEM ) announced strong profits, but the stock was stagnant. Our analysis suggests...
Analysis Article Jan 21

The Ramco Cements Limited's (NSE:RAMCOCEM) Price In Tune With Earnings

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 23x, you may consider The...
Analysis Article Dec 09

We Ran A Stock Scan For Earnings Growth And Ramco Cements (NSE:RAMCOCEM) Passed With Ease

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Nov 23

We Think Ramco Cements (NSE:RAMCOCEM) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 08

Earnings Miss: The Ramco Cements Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts

The Ramco Cements Limited ( NSE:RAMCOCEM ) last week reported its latest second-quarter results, which makes it a good...
Analysis Article Oct 29

Ramco Cements (NSE:RAMCOCEM) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Sep 14

Market Participants Recognise The Ramco Cements Limited's (NSE:RAMCOCEM) Earnings

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 27x, you may consider The...
Analysis Article Aug 07

Shareholders May Be More Conservative With The Ramco Cements Limited's (NSE:RAMCOCEM) CEO Compensation For Now

NSEI:RAMCOCEM 1 Year Share Price vs Fair Value Explore Ramco Cements's Fair Values from the Community and select yours...
Analysis Article Jul 19

Ramco Cements (NSE:RAMCOCEM) Is Paying Out Less In Dividends Than Last Year

The Ramco Cements Limited ( NSE:RAMCOCEM ) has announced that on 12th of September, it will be paying a dividend...
Analysis Article Jul 15

Is Ramco Cements (NSE:RAMCOCEM) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jun 30

There Are Reasons To Feel Uneasy About Ramco Cements' (NSE:RAMCOCEM) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Jun 15

Calculating The Fair Value Of The Ramco Cements Limited (NSE:RAMCOCEM)

Key Insights Ramco Cements' estimated fair value is ₹992 based on 2 Stage Free Cash Flow to Equity With ₹1,063 share...
Analysis Article May 30

Ramco Cements' (NSE:RAMCOCEM) Sluggish Earnings Might Be Just The Beginning Of Its Problems

The Ramco Cements Limited's ( NSE:RAMCOCEM ) recent weak earnings report didn't cause a big stock movement. Our...
Analysis Article May 26

Ramco Cements (NSE:RAMCOCEM) Is Reducing Its Dividend To ₹2.00

The Ramco Cements Limited ( NSE:RAMCOCEM ) has announced it will be reducing its dividend payable on the 12th of...
Analysis Article Mar 23

Ramco Cements (NSE:RAMCOCEM) May Have Issues Allocating Its Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analysis Article Jan 24

The Ramco Cements Limited's (NSE:RAMCOCEM) Intrinsic Value Is Potentially 24% Below Its Share Price

Key Insights The projected fair value for Ramco Cements is ₹693 based on 2 Stage Free Cash Flow to Equity Ramco Cements...
Analysis Article Jan 05

Ramco Cements (NSE:RAMCOCEM) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Nov 14

Earnings Update: The Ramco Cements Limited (NSE:RAMCOCEM) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

The Ramco Cements Limited ( NSE:RAMCOCEM ) came out with its second-quarter results last week, and we wanted to see how...
Analysis Article Nov 13

The Ramco Cements Limited (NSE:RAMCOCEM) Not Flying Under The Radar

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 33x, you may consider The...
Analysis Article Sep 27

Returns On Capital Signal Tricky Times Ahead For Ramco Cements (NSE:RAMCOCEM)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Sep 06

Does Ramco Cements (NSE:RAMCOCEM) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jul 28

Earnings Beat: The Ramco Cements Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Investors in The Ramco Cements Limited ( NSE:RAMCOCEM ) had a good week, as its shares rose 6.5% to close at ₹828...
Analysis Article Jul 12

A Look At The Intrinsic Value Of The Ramco Cements Limited (NSE:RAMCOCEM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Ramco Cements fair value estimate is ₹756 Current share price...
Analysis Article Jun 24

Market Participants Recognise The Ramco Cements Limited's (NSE:RAMCOCEM) Earnings

With a price-to-earnings (or "P/E") ratio of 55.5x The Ramco Cements Limited ( NSE:RAMCOCEM ) may be sending very...
Analysis Article May 25

The Ramco Cements Limited Just Missed EPS By 5.8%: Here's What Analysts Think Will Happen Next

The Ramco Cements Limited ( NSE:RAMCOCEM ) came out with its annual results last week, and we wanted to see how the...
Analysis Article Apr 20

Ramco Cements (NSE:RAMCOCEM) Will Want To Turn Around Its Return Trends

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Feb 12

The Ramco Cements Limited Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

As you might know, The Ramco Cements Limited ( NSE:RAMCOCEM ) last week released its latest quarterly, and things did...
Analysis Article Jan 30

Getting In Cheap On The Ramco Cements Limited (NSE:RAMCOCEM) Might Be Difficult

The Ramco Cements Limited's ( NSE:RAMCOCEM ) price-to-earnings (or "P/E") ratio of 66.8x might make it look like a...
Analysis Article Jan 10

There Are Reasons To Feel Uneasy About Ramco Cements' (NSE:RAMCOCEM) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Dec 21

Is Ramco Cements (NSE:RAMCOCEM) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Sep 25

Investors Could Be Concerned With Ramco Cements' (NSE:RAMCOCEM) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Aug 01

Ramco Cements' (NSE:RAMCOCEM) Dividend Is Being Reduced To ₹2.00

The Ramco Cements Limited's ( NSE:RAMCOCEM ) dividend is being reduced from last year's payment covering the same...
Analysis Article Jul 18

Ramco Cements (NSE:RAMCOCEM) Has Announced That Its Dividend Will Be Reduced To ₹2.00

The Ramco Cements Limited ( NSE:RAMCOCEM ) has announced that on 1st of September, it will be paying a dividend...
Analysis Article Jul 04

Ramco Cements (NSE:RAMCOCEM) Is Reducing Its Dividend To ₹2.00

The Ramco Cements Limited ( NSE:RAMCOCEM ) has announced that on 1st of September, it will be paying a dividend...
Analysis Article Jun 06

Ramco Cements (NSE:RAMCOCEM) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article May 22

Ramco Cements (NSE:RAMCOCEM) Is Reducing Its Dividend To ₹2.00

The Ramco Cements Limited's ( NSE:RAMCOCEM ) dividend is being reduced from last year's payment covering the same...

Revenue & Expenses Breakdown

How Ramco Cements makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:RAMCOCEM Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2690,2886,98729,6980
31 Dec 2588,1575,75426,3380
30 Sep 2586,9353,72225,9650
30 Jun 2584,9893,20525,6220
31 Mar 2585,1842,72726,2060
31 Dec 2487,9943,74326,3750
30 Sep 2489,2682,76426,2270
30 Jun 2492,2323,22726,7130
31 Mar 2493,7643,60026,4420
31 Dec 2392,7073,81825,9650
30 Sep 2391,7133,48925,2910
30 Jun 2386,2452,79923,2380
31 Mar 2381,5733,14521,9400
31 Dec 2272,9812,82220,9330
30 Sep 2268,3913,06319,8350
30 Jun 2265,4848,19119,0940
31 Mar 2260,0378,81517,7860
31 Dec 2159,2409,79117,1880
30 Sep 2157,15411,10216,3120
30 Jun 2154,7828,37815,4080
31 Mar 2152,9107,83615,0180
31 Dec 2050,5137,10615,2060
30 Sep 2049,8955,98515,6210
30 Jun 2050,5825,27216,1490
31 Mar 2053,8936,04117,0270
31 Dec 1955,3046,26016,8520
30 Sep 1954,5966,28916,4920
30 Jun 1953,2865,77016,3490
31 Mar 1951,6235,10716,3600
31 Mar 1844,2515,64213,3210
31 Mar 1739,7326,62711,0160
31 Mar 1636,2175,4523,1310
31 Dec 1536,9094,46511,1460
30 Sep 1536,6543,53111,4740
30 Jun 1537,1393,05311,8840

Quality Earnings: RAMCOCEM has a large one-off gain of ₹5.5B impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: RAMCOCEM's current net profit margins (7.7%) are higher than last year (3.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: RAMCOCEM's earnings have declined by 19.4% per year over the past 5 years.

Accelerating Growth: RAMCOCEM's earnings growth over the past year (156.2%) exceeds its 5-year average (-19.4% per year).

Earnings vs Industry: RAMCOCEM earnings growth over the past year (156.2%) exceeded the Basic Materials industry 42%.


Return on Equity

High ROE: RAMCOCEM's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 18:37
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Ramco Cements Limited is covered by 45 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amit Srivastava360 ONE Capital Market Private Limited
Satyadeep JainAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited