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The Ramco Cements Ltd.

RAMCOCEMCommodities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

2 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 2 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202305232023-03-31yes
TRANSCRIPT202311182023-09-30yes

RAMCOCEM

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close872.10
52-week range851.0 – 1204.9
Return 1M-4.08%
Return 3M-5.11%
Return 1Y-16.14%
Return 3Y-3.61%
Return 5Y-10.05%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations2,273.00
Other income7.00
Total income2,280.00
Cost of materials consumed468.00
Purchases of stock-in-trade1.00
Changes in inventories-53.00
Employee benefit expense157.00
Finance costs96.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.430.00
institutions foreign0.08-0.01
institutions domestic0.290.01
mutual funds0.200.01
public0.570.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2023-09-302

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,794.002,012.002,573.002,247.002,341.002,111.002,678.002,094.002,044.001,983.002,397.002,074.002,239.002,106.002,610.002,273.00
Other income7.009.0011.007.0012.007.0014.008.0010.0011.0012.006.007.0017.0012.007.00
Total income1,801.002,020.002,584.002,254.002,352.002,117.002,692.002,102.002,054.001,994.002,410.002,080.002,245.002,123.002,622.002,280.00
Cost of materials consumed280.00344.00447.00392.00414.00388.00552.00431.00405.00423.00509.00435.00452.00464.00572.00468.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.001.001.000.000.001.000.001.00
Changes in inventories-10.00-65.0084.00-65.0028.00-60.0069.00-67.00-4.00-15.0040.00-76.0045.00-16.0041.00-53.00
Employee benefit expense118.00119.00118.00132.00145.00143.00130.00142.00143.00138.00127.00147.00151.00141.00148.00157.00
Finance costs55.0061.0077.0093.00117.00102.00104.00113.00120.00113.00113.00105.00111.00108.0095.0096.00
Depreciation and amortisation122.00136.00141.00150.00163.00180.00154.00168.00170.00175.00183.00184.00183.00185.00188.00190.00
Other expenses1,218.001,331.001,511.001,444.001,348.001,243.001,507.001,267.001,186.001,158.001,401.001,170.001,202.001,235.001,478.001,393.00
Total expenses1,783.001,926.002,379.002,146.002,214.001,996.002,517.002,054.002,019.001,992.002,374.001,965.002,145.002,119.002,523.002,252.00
Profit before exceptional items and tax18.0095.00205.00108.00138.00121.00175.0048.0034.003.0035.00115.00100.004.0099.0028.00
Exceptional items0.000.000.000.000.000.000.000.000.00189.0011.000.000.00479.0074.0013.00
Profit before tax18.0095.00205.00108.00138.00121.00175.0048.0034.00191.0046.00115.00100.00483.00173.0040.00
Current tax-6.00-10.0024.006.0010.0013.0014.004.000.00-4.00-0.000.001.0033.0015.003.00
Deferred tax12.0039.0030.0023.0027.0024.0031.008.009.0012.0021.0030.0023.0065.0012.006.00
Tax expense5.0029.0054.0029.0037.0037.0045.0013.009.008.0021.0030.0024.0098.0027.009.00
Profit for the period4.0051.00151.0074.0072.0082.00129.0037.0026.00182.0026.0085.0078.00386.00151.0031.00
Profit attributable to owners3.0052.00151.0074.0072.0084.00129.0037.0026.00182.0027.0085.0077.00386.00151.0031.00
Profit attributable to non-controlling interests1.00-0.00-0.00-0.00-0.00-3.00-0.00-1.000.00-1.00-2.00-0.001.000.000.000.00
Other comprehensive income2.001.00-5.001.0071.00-1.00-8.000.00-3.0017.00-24.006.00-2.000.00-4.00-0.00
Total comprehensive income6.0052.00145.0076.00143.0081.00121.0037.0023.00199.001.0090.0076.00386.00147.0031.00
Earnings per share, basic0.132.266.603.263.153.705.651.631.127.621.163.603.2716.316.381.32
Earnings per share, diluted0.130.006.600.003.153.705.651.631.127.621.163.603.2716.316.381.32

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations5,389.005,291.006,004.008,157.009,376.008,518.009,029.00
Other income34.0030.0028.0033.0039.0041.0041.00
Total income5,423.005,321.006,032.008,190.009,415.008,560.009,070.00
Cost of materials consumed921.00819.00897.001,357.001,745.001,769.001,924.00
Purchases of stock-in-trade0.000.000.000.001.003.002.00
Changes in inventories-47.0047.00-6.00-14.00-27.00-47.00-6.00
Employee benefit expense381.00419.00435.00482.00551.00550.00587.00
Finance costs72.0088.00112.00241.00416.00459.00419.00
Depreciation and amortisation317.00357.00402.00506.00646.00695.00740.00
Other expenses2,988.002,450.003,388.005,146.005,542.005,011.005,085.00
Total expenses4,631.004,178.005,228.007,718.008,874.008,440.008,752.00
Profit before exceptional items and tax792.001,144.00803.00472.00542.00120.00318.00
Exceptional items0.000.000.000.000.00199.00553.00
Profit before tax792.001,144.00803.00472.00542.00319.00871.00
Current tax140.00245.00173.0027.0043.000.0048.00
Deferred tax48.00135.00-262.00103.00106.0051.00131.00
Tax expense188.00380.00-89.00130.00148.0051.00179.00
Profit for the period605.00784.00882.00315.00356.00270.00699.00
Profit attributable to owners604.00784.00881.00315.00360.00273.00699.00
Profit attributable to non-controlling interests1.001.000.000.00-3.00-3.000.00
Other comprehensive income-5.00-4.00-3.00-1.0064.00-10.001.00
Total comprehensive income600.00781.00879.00314.00421.00260.00699.00
Earnings per share, basic26.0034.0039.0013.7615.7711.5329.56
Earnings per share, diluted26.0034.0039.0013.7615.7711.5329.56

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets14,015.0014,595.0015,656.0016,273.0016,496.0016,330.0016,576.0016,636.00
Non-current assets12,153.0012,708.0013,638.0014,023.0014,181.0014,091.0014,221.0014,248.00
Current assets1,862.001,887.002,018.002,250.002,315.002,238.002,355.002,387.00
Property, plant and equipment9,258.009,976.0010,398.0011,532.0011,826.0011,754.0012,256.0012,383.00
Capital work-in-progress2,066.001,927.002,378.001,329.001,248.001,353.001,067.00922.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets88.0090.00107.00394.00375.00386.00366.00347.00
Inventories960.00884.001,059.00983.001,211.001,016.001,136.001,030.00
Trade receivables476.00465.00475.00856.00579.00730.00714.00793.00
Cash and cash equivalents50.00138.0082.0097.00102.00173.0089.00188.00
Total equity and liabilities14,015.0014,595.0015,656.0016,273.0016,496.0016,330.0016,576.0016,636.00
Equity6,670.006,868.007,040.007,241.007,242.007,442.007,561.008,094.00
Equity share capital24.0024.0024.0024.0024.0024.0024.0024.00
Other equity6,639.006,837.007,009.007,214.007,215.007,418.007,537.008,070.00
Total liabilities7,345.007,727.008,616.009,031.009,254.008,887.009,016.008,542.00
Non-current liabilities4,084.004,639.005,001.005,060.004,936.004,574.004,807.004,149.00
Current liabilities3,261.003,088.003,615.003,971.004,318.004,313.004,209.004,392.00
Borrowings, non-current3,151.003,622.003,930.003,927.003,779.003,379.003,548.002,804.00
Borrowings, current1,670.00865.001,114.00990.001,425.001,273.001,128.001,048.00
Trade payables388.00639.00831.00993.00898.00939.00820.001,201.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities68.001,412.00816.001,906.00444.001,399.00646.001,611.00
Net cash from investing activities-923.00-1,694.00-1,217.00-1,911.00-481.00-542.00-545.00-338.00
Net cash from financing activities736.00274.00337.00-28.00-4.00-782.00-203.00-1,257.00
Purchase of property, plant and equipment986.001,766.001,225.001,923.00544.001,024.00601.00997.00
Net increase in cash-119.00-8.00-64.00-33.00-41.0075.00-102.0016.00
con:CFO.BEFORE_TAX98.001,450.00826.001,948.00464.001,419.00654.001,677.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING30.0033.0010.0043.0020.0021.008.0043.00
con:CF_OTHER.OPERATING0.00-6.000.000.000.000.000.00-23.00
con:INVESTMENTS_PURCHASED0.001.000.0018.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.003.0050.00376.0040.0040.00
con:PPE_DISPOSALS0.002.005.008.002.0083.006.00599.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group42.3042.1142.1142.1142.2942.2942.2942.7542.5642.560.430.430.430.43
Domestic institutions32.4632.4433.3632.9232.2331.1330.8630.9030.1427.860.280.280.290.29
Mutual funds—————————16.610.170.180.190.20
Insurance companies15.9214.8015.0514.4414.3712.8211.1610.4810.5110.810.110.090.090.09
Foreign institutions7.557.957.857.947.437.386.616.887.298.430.080.080.080.08
Government—————————3.390.030.030.030.03
Public57.7057.8957.8957.8957.7157.7157.7157.2557.4457.440.570.570.570.57
Non-institutional14.3014.1113.2913.6314.6615.8116.8516.0916.6317.770.170.180.170.17
Shares outstanding236292380236292380236292380236292380236292380236292380236292380236292380236292380236292380236292380236292380236292380236292380

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Ramco Industrial and Technology Services LimitedSubsidiariesAny other transaction, Interest received, Investment198,400,000.006
A.V. DharmakrishnanKey management personnel of entityAny other transaction, Dividend paid, Remuneration150,000,000.004
Ramco Industries LimitedAssociatesAdvance, Any other transaction, Dividend paid, Divid142,000,000.009
Ramco Systems LimitedAssociatesAny other transaction, Investment, Purchase of goods126,500,000.007
Rajapalayam Mills LimitedAssociatesAny other transaction, Dividend paid, Dividend recei86,000,000.006
Madurai Trans Carrier LimitedAssociatesAny other transaction, Interest received, Investment84,800,000.006
Ramco Windfarms LimitedSubsidiariesAny other transaction, Interest received, Investment83,300,000.006
Shri.P.R.Venketrama RajaKey management personnel of entityAny other transaction, Dividend paid, Interest paid,61,000,000.005
S. VaithiyanathanKey management personnel of entityAny other transaction, Dividend paid, Remuneration17,700,000.004
K. SelvanayagamKey management personnel of entityAny other transaction, Dividend paid, Remuneration11,600,000.004
The Ramaraju Surgical Cotton Mills LimitedCompanies over which KMP/relativesAny other transaction, Dividend paid, Sale of goods 10,300,000.003
Sri Vishnu Shankar Mill LimitedCompanies over which KMP/relativesDividend paid, Sale of goods or services9,200,000.002
Sudharsanam Investments LimitedCompanies over which KMP/relativesDividend paid7,500,000.001
The Ramco Cements Limited Educational and Charitable TrustOther entities over which there isAny other transaction, Sale of goods or services7,000,000.002
S. Saradha DeepaRelative of Key Management PersonnDividend paid4,900,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2023-11-18Q2FY24Indrajit Agarwal:, MF Farooqui – Chairman, we have expected.Read the call
2023-05-23FYFY23DIRECTOR, THE RAMCO CEMENTS, OFFICER, THE RAMCO CEMENTSRead the call

What they said about it, quarter by quarter

TopicFYFY23Q2FY24
CapexNow the other question on the CAPEX front.During the current quarter, the company has incurred Rs.941 crores towards CapEx, including the purchase of limestone bearing lands in Andhra Pradesh …
Capital allocationAnd that can be disposed-off to fund a part of your land acquisition.First, going back to the land acquisition that we have done, is it more for the expansion of capacities or will it only augment the current limestone …
Debt and cashAnd accordingly, how do we see the net debt for FY24.The net debt as on September 30, 2023 is Rs.4,966 crores.
DemandThat is in the last 3-4 quarters, repeatedly I was telling we invested so much money to create the infrastructure to service this kind of spurt in dem…The cement demand has been strong, but the prices have been under constant pressure during this quarter.
GuidanceSee, whatever guidance we have given earlier that will continue.And for full year then what should we expect?
MarginSir, lastly on the leverage, what is your comfort level at which you would want to operate, net debt to EBITDA?EBITDA for the current quarter is Rs.412 crores as against Rs.193 crores in the corresponding period last year.
PeopleSo, even for this quarter also, to achieve this at our blended level, we have mentioned that for Kurnool clinker, it is 85% utilization.The cement utilization rate for the current quarter is 82% as against 66% in the corresponding period.
PricingThe Northeast includes East, It all depends upon price realization, cost, all these things we are talking.So first is on the pricing front, how much of October prices what we have seen?
Revenue growth—The key highlights of our performance for the current quarter is, sale of cement has improved to 4.61 million tons, compared to 3.35 million tons in t…