The Ramco Cements share price, P/E, ROE & financials

On 6 Nov 2026, The Ramco Cements was priced at ₹817.35, or 31.8× trailing earnings, against an industry P/E of 27.3×, and the shares are 33% below their 52-week high. Sales and net profit grew 3.3% and 30% a year over 3 years, with ROCE of 9.6% and ROE of 9.0%. Debt is 0.48× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹19,313 Cr, ranked 8th of 58 Building Materials companies by market cap; the shares fell 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹797.00
Day high: ₹827.55
Day low: ₹796.00
Prev. close: ₹811.65
Volume: 2.2 L

Health check

3 fair · 3 to check

ReturnsIn line
−21.0% over a year, better than 3 of 7 peers.
Price tagPricier
P/E 31.8 vs industry 27.3.
GrowthSteady
Sales +3.3%, profit +30.5% a year over 3 years.
ProfitabilityWeak
ROCE 9.6% vs peer median 10.2%.
Balance sheetFair
Debt 0.48× equity, interest covered 3.9×, Piotroski 9 of 9.
Red flags2 to check
Quarterly profit down 63.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹19,313 Cr, #8 of 58 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹9,228 Cr · profit ₹645 Cr

Market cap: ₹19,313 Cr; Small cap
P/E: 31.8; Industry 27.3
Price to book: 2.39; Peers 2.12
Dividend yield: 0.31%
ROE: 9.0%; Peers 4.9%
ROCE: 9.6%; Peers 10.2%
Debt to equity: 0.48; Debt ₹3,877 Cr
EPS (TTM): ₹25.72; Face value ₹1
OPM (TTM): 13.6%; Net margin 7.0%
Sales growth: +9.6%; Latest quarter vs a year ago
Profit growth: −63.3%; Latest quarter vs a year ago
Price to sales: 2.09; EV/EBITDA 17.1

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 63.3% on a year ago.
33% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About The Ramco Cements

The Ramco Cements Limited, together with its subsidiaries, manufactures and sells cement and cement-related products in India and internationally. The company offers blended and ordinary Portland cement products; construction chemicals, including waterproofing, tiling and flooring, mortars and wall, and grouts and repair solutions under the Hard Worker brand; and ready-mix concrete. It also provides technical assistance and after-sales support to builders…

Headquarters: Chennai
Employees: 3,890
Sector: Basic Materials
ISIN: INE331A01037
Website: ramcocements.in

Price range

52 weeks

₹711.30₹1,214.50

Today

₹796.00₹827.55

Avg volume (3M): 2.5 L
1-year return: minus 21.0%
From 52-week high: minus 32.7%

Analyst consensus

31 analysts

HoldMean target ₹937.42 14.7%

Target range, with today’s price

Low ₹659.00High ₹1,150.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	16.5%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
RAMCOCEMThe Ramco Cements	817.35	plus 0.70%	19,313	31.8	15.9	9.6%	14.9%	0.48	3.3%	minus 21.0%
Median of 7 peers	–	0.67%	90,563	41.6	16.8	10.2%	15.8%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
2,074	2,106	2,610	2,273	2,463
1,676	1,826	2,240	1,967	2,136
398	280	371	306	326
19.2%	13.3%	14.2%	13.5%	13.3%
6	17.2	11.8	6.7	7.1
105	108	95.2	95.6	92.9
184	185	188	190	190
–	479	74.2	12.6	4.8
115	483	173	40.4	55
26.5%	20.3%	15.4%	23.2%	26.7%
85	386	151	31.2	40.4
3.60	16.31	6.38	1.32	1.71

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +3.3%
Profit CAGR 3Y: +30.5%
EPS CAGR 3Y: +29.0%
ROE: 9.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8,122	9,349	8,492	8,947
–	+15.1%	minus 9.2%	+5.4%
6,936	7,783	7,258	7,506
1,186	1,566	1,234	1,442
14.6%	16.8%	14.5%	16.1%
0.3	−55.7	−76.4	−93.8
209	326	343	300
506	646	695	740
0.4	4	200	564
472	542	319	871
27.5%	27.3%	16.0%	20.6%
315	360	273	699
–	+14.4%	minus 24.3%	+156.2%
13.76	15.77	11.53	29.56

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
23.6	23.6	23.6	23.6
6,837	7,214	7,418	8,070
4,507	4,937	4,675	3,871
3,227	4,098	4,213	4,671
14,595	16,273	16,330	16,636
12,119	13,361	13,595	13,748
2,003	1,393	1,426	952
28.3	86.7	34.6	0
163	124	197	213
283	1,309	1,076	1,723
14,595	16,273	16,330	16,636

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,412	1,898	1,399	1,611
−1,694	−1,911	−542	−338
274	−28	−782	−1,257
−8.2	−40.8	75.3	16.2
−1,766	−1,923	−1,024	−997
−354	−24.4	375	614
−71	−47.3	−59.1	−47.3

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 31.8% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you