The Ramco Cements Limited

NSEI:RAMCOCEM Stock Report

Market Cap: ₹216.2b

Ramco Cements Valuation

Is RAMCOCEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RAMCOCEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RAMCOCEM (₹914.95) is trading above our estimate of fair value (₹826.17)

Significantly Below Fair Value: RAMCOCEM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RAMCOCEM?

Key metric: As RAMCOCEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RAMCOCEM. This is calculated by dividing RAMCOCEM's market cap by their current earnings.
What is RAMCOCEM's PE Ratio?
PE Ratio78.2x
Earnings₹2.76b
Market Cap₹216.20b

Price to Earnings Ratio vs Peers

How does RAMCOCEM's PE Ratio compare to its peers?

The above table shows the PE ratio for RAMCOCEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.7x
532644 J.K. Cement
38x24.3%₹305.7b
DALBHARAT Dalmia Bharat
43.4x26.6%₹327.3b
ACC ACC
18.6x12.9%₹410.4b
500335 Birla
26.9x36.4%₹85.8b
RAMCOCEM Ramco Cements
78.2x39.2%₹213.5b

Price-To-Earnings vs Peers: RAMCOCEM is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the peer average (31.7x).

Price to Earnings Ratio vs Industry

How does RAMCOCEM's PE Ratio compare vs other companies in the IN Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
RAMCOCEM 78.2xIndustry Avg. 37.5xNo. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RAMCOCEM is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the Indian Basic Materials industry average (37.5x).

Price to Earnings Ratio vs Fair Ratio

What is RAMCOCEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RAMCOCEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.2x
Fair PE Ratio43.5x

Price-To-Earnings vs Fair Ratio: RAMCOCEM is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the estimated Fair Price-To-Earnings Ratio (43.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RAMCOCEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹914.95
₹881.00
-3.7%
13.1%₹1,060.00₹600.00n/a30
Nov ’25₹892.40
₹843.00
-5.5%
12.6%₹1,010.00₹575.00n/a31
Oct ’25₹877.90
₹841.32
-4.2%
13.0%₹1,010.00₹580.00n/a31
Sep ’25₹831.25
₹841.81
+1.3%
13.3%₹1,017.00₹580.00n/a31
Aug ’25₹825.10
₹844.19
+2.3%
13.2%₹1,017.00₹580.00n/a31
Jul ’25₹857.25
₹931.94
+8.7%
37.8%₹2,750.00₹600.00n/a31
Jun ’25₹741.85
₹937.75
+26.4%
37.3%₹2,750.00₹600.00n/a32
May ’25₹794.60
₹998.47
+25.7%
33.9%₹2,750.00₹630.00n/a32
Apr ’25₹845.95
₹958.77
+13.3%
14.1%₹1,198.00₹630.00n/a31
Mar ’25₹840.95
₹963.90
+14.6%
13.7%₹1,198.00₹665.00n/a31
Feb ’25₹987.05
₹1,028.54
+4.2%
15.9%₹1,250.00₹661.00n/a28
Jan ’25₹1,014.35
₹1,004.17
-1.0%
17.5%₹1,250.00₹631.00n/a30
Dec ’24₹1,005.70
₹983.44
-2.2%
16.1%₹1,205.00₹631.00n/a32
Nov ’24₹984.30
₹895.59
-9.0%
14.7%₹1,130.00₹585.00₹892.4032
Oct ’24₹910.20
₹890.06
-2.2%
15.2%₹1,154.00₹585.00₹877.9032
Sep ’24₹888.30
₹872.38
-1.8%
14.8%₹1,154.00₹585.00₹831.2532
Aug ’24₹883.20
₹875.53
-0.9%
15.8%₹1,154.00₹585.00₹825.1032
Jul ’24₹924.25
₹864.83
-6.4%
16.2%₹1,154.00₹585.00₹857.2530
Jun ’24₹908.30
₹856.27
-5.7%
15.7%₹1,154.00₹585.00₹741.8530
May ’24₹736.20
₹725.62
-1.4%
12.5%₹860.00₹534.00₹794.6029
Apr ’24₹756.65
₹720.90
-4.7%
13.2%₹860.00₹500.00₹845.9529
Mar ’24₹730.30
₹735.78
+0.8%
15.5%₹1,109.00₹500.00₹840.9532
Feb ’24₹677.15
₹711.58
+5.1%
16.9%₹1,109.00₹500.00₹987.0531
Jan ’24₹700.25
₹706.16
+0.8%
17.2%₹1,109.00₹500.00₹1,014.3531
Dec ’23₹679.70
₹706.16
+3.9%
17.2%₹1,109.00₹500.00₹1,005.7031
Nov ’23₹729.50
₹774.48
+6.2%
15.7%₹1,109.00₹533.00₹984.3031

Analyst Forecast: Target price is lower than the current share price.

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