The Ramco Cements share price & results
- Jun 2026
- Sept 2026
Cement maker in South & East India with captive wind, WHRS and thermal power, plus construction chemicals.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,269 | +9.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | −5.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 32.0 | −62.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 2.45 | −0.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 13.46 | +8.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.59 | +15.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −28.8% 1Y
1Y: ₹1,046.8 on 24 Oct 2025 → ₹745.65. High ₹1,204.9 (9 Feb 2026), low ₹739.4 (23 Oct 2026).
- Previous close
- ₹739.4
- Market cap
- ₹17.6k Cr
- 52-week range
- ₹739.4 – ₹1,204.9
- One year
- −29.55%
- Price to earnings (TTM to Jun 2026)
- 92.73×
- Return on equity (TTM to Jun 2026)
- 2.45%
Overview
- Symbol
- NSE:RAMCOCEM
- Sector
- Construction Materials
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What The Ramco Cements Limited does
Based on the company's own presentations, annual report and earnings calls.
The Ramco Cements Limited manufactures ordinary Portland and blended cement across integrated plants and grinding units in Tamil Nadu, Andhra Pradesh, Karnataka, Odisha and West Bengal, selling under the Ramco brand through a network of dealers and sub-dealers to housing, commercial and infrastructure customers. It runs a construction-chemicals division making adhesives, plasters, putty and grouts under the Ramco and Hard Worker brands, produced at its own construction-chemical plants. The company backs its cement plants with captive wind, waste-heat-recovery (WHRS) and thermal power capacity to supply a large share of its own energy needs.
Segments
- Cement
- Construction Chemicals
- Wind Farm / Captive Power
- Installed cement manufacturing capacity
- 24.44 MTPA
- Installed clinker manufacturing capacity
- 15.94 MTPA
- Manufacturing footprint
- 5 integrated cement plants, 6 grinding units, 4 construction-chemical plants and 1 packing plant across Tamil Nadu, Andhra Pradesh, Karnataka, Odisha and West Bengal
- Construction chemicals manufacturing capacity
- 5.21 LTPA
- Captive thermal power plant capacity
- 193 MW
- Waste heat recovery system (WHRS) capacity
- 53 MW
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −63% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,038 | 1,977 | 2,392 | 2,070 | 2,235 | 2,101 | 2,606 | 2,269 |
| Expenses | 1,726 | 1,697 | 2,071 | 1,672 | 1,848 | 1,821 | 2,233 | 1,962 |
| Operating profit | 312 | 279 | 321 | 398 | 387 | 281 | 373 | 307 |
| Operating margin | 15.0% | 14.0% | 13.0% | 19.0% | 17.0% | 13.0% | 14.0% | 14.0% |
| Other income | 11 | 340 | 24 | 6 | 7 | 497 | 86 | 20 |
| Interest | 120 | 113 | 113 | 105 | 111 | 108 | 95 | 96 |
| Depreciation | 169 | 174 | 182 | 183 | 182 | 184 | 187 | 190 |
| Profit before tax | 35 | 333 | 49 | 116 | 100 | 486 | 177 | 42 |
| Tax rate | 27.0% | 2.0% | 37.0% | 26.0% | 26.0% | 20.0% | 17.0% | 23.0% |
| Net profit | 26 | 325 | 31 | 86 | 74 | 387 | 146 | 32 |
| EPS (₹ per share) | 1.08 | 13.77 | 1.31 | 3.64 | 3.14 | 16.37 | 6.20 | 1.35 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 8,158 | 9,349 | 8,495 | 9,012 |
| Expenses | 6,972 | 7,798 | 7,263 | 7,574 |
| Operating profit | 1,186 | 1,552 | 1,231 | 1,439 |
| Other income | 33 | 42 | 383 | 596 |
| Interest | 240 | 416 | 459 | 419 |
| Depreciation | 506 | 636 | 692 | 736 |
| Profit before tax | 473 | 543 | 465 | 879 |
| Net profit | 315 | 394 | 418 | 693 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 6,501 | 6,770 | 7,120 | 7,470 | 7,537 | 8,119 |
| Borrowings | 3,950 | 4,507 | 4,936 | 4,675 | 4,699 | 3,871 |
| Other liabilities | 2,581 | 3,216 | 4,088 | 4,206 | 4,317 | 4,667 |
| Total liabilities | 13,056 | 14,517 | 16,168 | 16,374 | 16,576 | 16,681 |
| Fixed assets | 7,752 | 10,174 | 12,043 | 12,338 | 12,862 | 12,915 |
| Capital work in progress | 3,034 | 1,987 | 1,378 | 1,386 | 1,067 | 990 |
| Investments | 201 | 202 | 223 | 135 | 56 | 104 |
| Other assets | 2,069 | 2,153 | 2,524 | 2,515 | 2,591 | 2,671 |
| Total assets | 13,056 | 14,517 | 16,168 | 16,374 | 16,576 | 16,681 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1,885 | 1,129 | 1,405 | 1,887 | 1,402 | 1,611 |
| Cash from investing | -1,771 | -1,810 | -1,687 | -1,900 | -545 | -337 |
| Cash from financing | -64 | 715 | 274 | -28 | -782 | -1,257 |
| Net cash flow | 50 | 34 | -7 | -41 | 75 | 17 |
| Free cash flow | 120 | -680 | -358 | -27 | 461 | 1,216 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 26 | 21 | 21 | 33 | 31 | 32 |
| Inventory days | 252 | 342 | 240 | 209 | 215 | 196 |
| Days payable | 153 | 198 | 173 | 211 | 198 | 228 |
| Cash conversion cycle | 125 | 165 | 87 | 31 | 48 | 0 |
| Working capital days | -77 | -76 | -61 | -72 | -98 | -90 |
| Return on capital employed | 15.0% | 10.0% | 7.0% | 8.0% | 5.0% | 6.0% |
| Dividend payout | 9.0% | 8.0% | 14.0% | 15.0% | 11.0% | 9.0% |
Ownership
Who owns it
Promoters hold 42.55% as of Sept 2026; institutions added 0.22 pts since Jun 2026.
- Promoters 42.55%
- Foreign institutions 7.18%
- Domestic institutions 30.06%
- Government 3.39%
- Public 16.81%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 3.45% held
- newly disclosed 3.18% held
- newly disclosed 2.78% held
- newly disclosed 2.24% held
- Mutual fund +1.21 pp 4.33% held
The same filing shows 1 holder trimming and 7 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of The Ramco Cements Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.82% | unchanged | |
| 13.61% | unchanged | |
| Insurer | 5.39% | −0.47 pp |
| Mutual fund | 4.33% | +1.21 pp |
| 3.45% | newly disclosed | |
| 3.39% | unchanged | |
| 3.18% | newly disclosed | |
| 2.78% | newly disclosed | |
| 2.24% | newly disclosed | |
| 1.53% | unchanged | |
| 1.31% | unchanged | |
| 1.26% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in RAMCOCEM
Filings to Sep 2026
0 new, 1 added, 4 trimmed, 1 sold out — net +8.75 L shares (+4.2%).
- Held by funds
- ₹1.8k Cr
- 12 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹429 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹429 Cr | held | May '25 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹397 Cr | held | May '25 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹335 Cr | held | Sep '24 |
| SBI Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP) SBI Mutual Fund | ₹254 Cr | +14.35 L | Jun '26 |
| SBI Contra Fund SBI Mutual Fund | ₹178 Cr | held | Jul '22 |
| HDFC Aggressive Hybrid Fund HDFC Mutual Fund | ₹135 Cr | held | Oct '25 |
| HDFC ELSS - Tax Saver Fund HDFC Mutual Fund | ₹68 Cr | held | Oct '24 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹17 Cr | −0.06 L | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 4 trimmed — net +8.75 L shares (+4.2%)
- Funds are sitting on
- -20%
- vs est. average cost
- Held by funds
- ₹1.8k Cr
- 12 schemes · ≈ 9.1% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹429 Cr · 0.5% of that fund
- Longest holder
- SBI Contra Fund
- 4y 3m · since Jul '22
Shares held by these funds +357%
Oct '23 2.16 cr shares Sep '26
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