Ramco Cements Limited (RAMCOCEM) AI Stock Analysis

Ramco Cements Limited

(NSE:RAMCOCEM)

Select Model

Rating:52Neutral

Price Target:INR 725.00▲(1.00% Upside)

Action:reiterated

Date:08/24/26

The score is held up primarily by improved financial stability from a much stronger balance sheet, but is capped by weaker cash-flow quality and compressed/volatile profitability. Technical indicators also point to weak momentum (below key moving averages with negative MACD), and valuation is less supportive given a high P/E and very low dividend yield.

Positive Factors

Balance-sheet deleveragingThe sharp reduction in leverage materially strengthens financial resilience and reduces balance-sheet risk. A less debt-intensive structure can lower financing pressure, preserve borrowing capacity, and give Ramco Cements greater flexibility to fund operations and future growth.

Negative Factors

Compressed profitabilityThe sustained decline from earlier peak margins indicates that earnings power has weakened materially over the reported period. Lower profitability leaves less room to absorb cost pressure, reinvest in the business, or convert revenue growth into durable shareholder returns.

Ramco Cements Limited (RAMCOCEM) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 170.05B
Dividend Yield: 0.35%
Average Volume (3M): 31.85K
Price to Earnings (P/E): 26.4
Beta (1Y): 0.99
Revenue Growth: 8.58%
EPS Growth: 101.19%
Country: India
Employees: 3,890
Sector: General
Sector Strength: 55
Industry: Construction Materials

Ramco Cements Limited Business Overview & Revenue Model

Company Description

Based in Chennai, India, The Ramco Cements Limited was established in 1957. The company is a key player in the Indian construction materials sector, producing and distributing a wide array of products including cement, ready-mix concrete, and dry mor...

How the Company Makes Money

Ramco Cements primarily makes money by manufacturing cement and selling it through a mix of trade channels (dealers/retail network) and institutional customers (such as contractors and infrastructure-related buyers). Its core revenue stream is the sa...

Ramco Cements Limited Financial Statement Overview

Summary

Financials are mixed. The balance sheet is a clear strength with sharply reduced leverage (debt-to-equity down to ~0.13 in FY26) and steady equity growth, but the income statement reflects volatile revenue and materially lower margins versus FY21–FY22. Cash flow quality is weaker, with choppy free cash flow (negative in FY22–FY24, only modestly positive in FY25–FY26), keeping the overall financial score in the low-to-mid range.

Income Statement

56Neutral

Balance Sheet

74Positive

Cash Flow

49Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	92.28B	90.29B	85.18B	93.76B	81.57B	60.04B
Gross Profit	37.42B	37.26B	45.30B	49.29B	40.17B	36.09B
EBITDA	17.50B	12.97B	12.42B	15.74B	11.97B	13.02B
Net Income	6.45B	6.99B	2.73B	3.60B	3.15B	8.81B
Balance Sheet
Total Assets	0	166.36B	163.29B	162.73B	145.95B	131.59B
Cash, Cash Equivalents and Short-Term Investments	1.88B	2.27B	2.09B	1.24B	1.63B	1.46B
Total Debt	0	38.71B	46.75B	49.37B	45.07B	39.50B
Total Liabilities	-80.94B	85.33B	88.87B	90.31B	77.27B	65.33B
Stockholders Equity	80.94B	80.94B	74.42B	72.38B	68.61B	66.19B
Cash Flow
Free Cash Flow	451.30M	2.17B	3.75B	-170.10M	-3.54B	-6.82B
Operating Cash Flow	6.46B	12.17B	13.99B	19.06B	14.12B	11.35B
Investing Cash Flow	-5.45B	-3.48B	-5.42B	-19.11B	-16.94B	-18.16B
Financing Cash Flow	-2.03B	-8.52B	-7.82B	-280.30M	2.74B	7.15B

Ramco Cements Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price717.80

Price Trends

50DMA841.22Negative

100DMA877.25Negative

200DMA942.17Negative

Market Momentum

MACD-34.86Positive

RSI22.18Positive

STOCH8.72Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMCOCEM, the sentiment is Negative. The current price of 717.80 is below the 20-day moving average (MA) of 785.66, below the 50-day MA of 841.22, and below the 200-day MA of 942.17, indicating a bearish trend. The MACD of -34.86 indicates Positive momentum. The RSI at 22.18 is Positive, neither overbought nor oversold. The STOCH value of 8.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMCOCEM.

Ramco Cements Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RAMCOCEM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ULTRACEMCO	64Neutral	INR 3.25T	36.91	―	2.17%	17.79%	18.30%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JSWCEMENT	55Neutral	INR 157.47B	20.44	―	0.43%	―	―
IN:ACC	54Neutral	INR 212.26B	24.05	―	0.66%	7.96%	-73.56%
IN:INDIACEM	52Neutral	INR 96.83B	78.94	―	―	5.24%	850.22%
IN:RAMCOCEM	52Neutral	INR 169.61B	26.38	―	0.35%	8.58%	101.19%
IN:DALBHARAT	42Neutral	INR 248.47B	50.97	―	0.68%	6.14%	-56.44%

* General Sector Average

Performance Comparison

IN:RAMCOCEM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RAMCOCEM	Ramco Cements Limited	717.80	-304.25	-29.77%
IN:ACC	ACC Limited	1130.30	-728.15	-39.18%
IN:DALBHARAT	Dalmia Bharat Ltd.	1324.70	-745.52	-36.01%
IN:INDIACEM	India Cements Ltd.	312.45	-89.95	-22.35%
IN:ULTRACEMCO	UltraTech Cement Limited	11050.10	-663.85	-5.67%
IN:JSWCEMENT	JSW Cement Limited	115.50	-19.70	-14.57%

Ramco Cements Limited Corporate Events

Ramco Cements Clarifies In-House and Outsourced Registry Roles for Its Securities

Oct 5, 2026

The Ramco Cements Limited has notified stock exchanges that it serves as its own in-house registry for managing equity shares and commercial papers, in line with compliance requirements under specified SEBI Listing Obligations and Disclosure Regulati...

Ramco Cements Details Virtual 68th Annual General Meeting Proceedings

Aug 20, 2026

Ramco Cements Limited, a leading cement producer headquartered in Tamil Nadu, serves India’s construction and infrastructure sectors through its cement and related building materials. Listed on BSE and NSE, the company operates under SEBI&#8217...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 24, 2026

Ramco Cements Limited AI Stock Analysis