The Ramco Cements Limited (RCL) standalone net profit for the September quarter grew almost nine-fold, over the period from last year, to ₹101 crore on strong sales volume.

Ramco Cements Q2 net rises nine fold to ₹101 crore

A long position in the index near the support zone is advisable, with potential for an upward move towards 20,000 and 20,222 levels.

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Sharekhan is bullish on The Ramco Cements has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated August 08, 2023.

Buy The Ramco Cements; target of Rs 1010: Sharekhan

HDFC Securities recommended reduce rating on The Ramco Cements with a target price of Rs 830 in its research report dated August 07, 2023.

Reduce The Ramco Cements; target of Rs 830 : HDFC Securities

Motilal Oswal recommended Neutral rating on The Ramco Cements with a target price of Rs 915 in its research report dated August 07, 2023.

Neutral The Ramco Cements; target of Rs 915: Motilal Oswal

Ramco Cements Standalone June 2023 Net Sales at Rs 2,241.09 crore, up 26.44% Y-o-Y

Given the ongoing energy cost correction and increasing operating leverage, the Ebitda should improve steadily.

The Ramco Cements Q1 Results Review - Capacity Ramp Up To Drive Profitability: Yes Securities

5.3 million tonnes per annum capacity expansion to support future volume growth.

Ramco Cements Q1 Results Review - High Net Debt Remains A Concern; Maintain ‘Sell’: Dolat Capital

The Ramco Cements Ltd.’s (RCL) standalone net profit for the June quarter contracted by 30% to ₹79 crore over the year-earlier period due to elevated fuel prices and weak cement prices.

Ramco Cements Q1 net dips to ₹79 crore

Ramco Cements reports lower net profit of ₹79 cr in Q1FY24 despite higher sales. Net revenue grew 26% to ₹2,249 cr, EBIDTA 14% to ₹349 cr. Power & fuel cost up Y-o-Y, utilisation 79%, capex ₹284 cr. Expansion of dry mortar project, Odisha Grinding Unit Line II underway. Net debt ₹4,406 cr.

Ramco Cements reports lower Q1 net profit at ₹79 crore

During Q1FY24, the sale volume is 4.30 million tons, compared to 3.34 million tons in the 01FY23 with a growth of 29 percent. The cement capacity utilisation for the Q1FY24 is at 79 percent.

The Ramco Cements Net Revenue Grows By 26% To ₹2,249 Cr In Q1FY24

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Ramco Cements Limited manufactures cement, ready-mix concrete and dry mortar products.