Valuation The Ramco Cements Limited

Equities

Market Closed - NSE India S.E. Other stock markets 07:49:42 2025-07-09 am EDT			5-day change	1st Jan Change
1,102.20 ^INR	+0.25%		+2.32%	+14.14%

May. 26	Jefferies Adjusts The Ramco Cements' Price Target to INR930 From INR845, Keeps at Hold	MT
May. 22	The Ramco Cements Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	120,816	236,491	181,484	178,791	191,527	260,441	-	-
Change	-	95.75%	-23.26%	-1.48%	7.12%	35.98%	-	-
Enterprise Value (EV) ¹	146,225	266,090	219,023	221,979	241,248	256,342	301,544	297,525
Change	-	81.97%	-17.69%	1.35%	8.68%	6.26%	-2.24%	-1.33%
P/E ratio	20.5x	31.3x	20.2x	52.1x	48.5x	50.8x	54.8x	34.6x
PBR	2.46x	4.2x	2.78x	2.63x	2.68x	2.83x	3.26x	2.99x
PEG	-	1.1x	1.1x	-0.8x	3.2x	8.93x	0.8x	0.6x
Capitalization / Revenue	2.25x	4.49x	3.03x	2.2x	2.05x	2.49x	2.69x	2.42x
EV / Revenue	2.72x	5.05x	3.66x	2.73x	2.58x	3.02x	3.11x	2.77x
EV / EBITDA	12.9x	17.2x	17.1x	18.8x	15.5x	20.8x	16.8x	13.7x
EV / EBIT	17.8x	22.3x	24.8x	32.8x	26.3x	47.4x	28.2x	21.4x
EV / FCF	-12.4x	225x	-31.9x	-61.6x	-	67.8x	40.7x	37.5x
FCF Yield	-8.07%	0.45%	-3.13%	-1.62%	-	1.48%	2.46%	2.66%
Dividend per Share ²	2.5	3	3	2	2.5	2	2.544	2.747
Rate of return	0.49%	0.3%	0.39%	0.26%	0.31%	0.22%	0.23%	0.25%
EPS ²	25	32	38	14.52	16.7	17.65	20.06	31.8
Distribution rate	10%	9.38%	7.89%	13.8%	15%	11.3%	12.7%	8.64%
Net sales ¹	53,684	52,684	59,800	81,353	93,498	84,951	96,976	107,488
EBITDA ¹	11,366	15,480	12,838	11,820	15,525	12,318	17,918	21,643
EBIT ¹	8,214	11,927	8,830	6,775	9,167	5,407	10,696	13,904
Net income ¹	6,011	7,611	8,927	3,435	3,950	4,174	4,734	7,530
Net Debt ¹	25,410	29,599	37,539	43,188	49,721	44,447	41,102	37,084
Reference price ²	512.85	1,002.55	768.05	756.65	810.55	1,099.40	1,099.40	1,099.40
Nbr of stocks (in thousands)	235,577	235,890	236,292	236,292	236,292	236,292	-	-
Announcement Date	6/19/20	5/24/21	5/23/22	5/18/23	5/22/24	5/22/25	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THE RAMCO CEMENTS LIMITED	92.59x	3.46x	22.22x	0.22%	3.03B
HOLCIM LTD	18.89x	2.3x	9.51x	2.74%	42.48B
ANHUI CONCH CEMENT COMPANY LIMITED	9.08x	0.58x	2.63x	5.82%	15.94B
SHREE CEMENT LIMITED	99.38x	5.98x	28.87x	0.27%	13.16B
JAMES HARDIE INDUSTRIES PLC	24.33x	3.32x	11.86x	-.--%	12.01B
BUZZI SPA	10.08x	1.7x	5.88x	1.63%	10.43B
EAGLE MATERIALS INC.	15.34x	3.59x	10.09x	0.47%	7.02B
TCC GROUP HOLDINGS CO., LTD.	21.05x	1.51x	6.66x	4.54%	6.29B
J.K. CEMENT LIMITED	45.36x	3.98x	20.51x	0.28%	5.68B
ASIA CEMENT CORPORATION	13.49x	2.34x	12.19x	4.9%	5.06B
Average	34.96x	2.88x	13.04x	2.09%	12.11B
Weighted average by Cap.	28.89x	2.67x	11.46x	2.38%