| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,273 | 2,074 | +9.6% |
| EBITDA | 306 | 398 | −22.9% |
| EBITDA margin | 13.5% | 19.2% | −5.7 pts |
| Profit before tax | 40.4 | 115 | −64.8% |
| Net profit | 31.2 | 84.6 | −63.1% |
| EPS | ₹1.32 | ₹3.60 | −63.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 17,290 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 188 | 188 | 173 | 96.9 | 138 | ||
| 0.4 | 0.4 | 0.5 | 3.6 | 7.0 | ||
| 3,852 | 3,852 | 4,652 | 4,917 | 4,487 | ||
| 20,954 | — | — | — | — | ||
| 9,228 | 9,029 | 8,518 | 9,376 | 8,157 | ||
| — | +6.0% | −9.2% | +14.9% | — | ||
| 1,345 | 1,436 | 1,233 | 1,565 | 1,186 | ||
| 14.6% | 15.9% | 14.5% | 16.7% | 14.5% | ||
| 599 | 696 | 537 | 918 | 680 | ||
| 645 | 699 | 270 | 356 | 315 | ||
| 7.0% | 7.7% | 3.2% | 3.8% | 3.9% | ||
| ₹27.29 | ₹29.57 | ₹11.54 | ₹15.23 | ₹13.31 | ||
| — | +156.2% | −24.3% | +14.4% | — | ||
| — | 1,611 | 1,399 | 1,906 | 1,412 | ||
| — | −997 | −1,024 | −1,923 | −1,766 | ||
| 614 | 614 | 375 | −17.0 | −354 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 17,290.1 | |
| - Cash, Equiv & ST Investments | 137.7 | 96.9 | 172.6 | 188.3 | 188.3 | |
| + Minority Interest | 7.0 | 3.6 | 0.5 | 0.4 | 0.4 | |
| + Total Debt | 4,487.4 | 4,916.8 | 4,652.1 | 3,852.1 | 3,852.1 | |
| Enterprise Value | — | — | — | — | 20,954.2 | |
| Revenue | 8,157.3 | 9,376.4 | 8,518.4 | 9,028.8 | 9,227.8 | |
| Growth %, YoY | — | +14.9 | -9.2 | +6.0 | — | |
| EBITDA | 1,185.6 | 1,564.6 | 1,232.5 | 1,436.0 | 1,344.9 | |
| Margin % | 14.53 | 16.69 | 14.47 | 15.90 | 14.57 | |
| EBIT | 679.6 | 918.3 | 537.5 | 695.8 | 598.8 | |
| Net Income | 314.8 | 356.5 | 269.6 | 698.8 | 645.5 | |
| Margin % | 3.86 | 3.80 | 3.16 | 7.74 | 6.99 | |
| EPS, Adj (current shares) | 13.31 | 15.23 | 11.54 | 29.57 | 27.29 | |
| Growth %, YoY | — | +14.4 | -24.3 | +156.2 | — | |
| Cash from Operations | 1,411.5 | 1,905.5 | 1,398.8 | 1,611.1 | — | |
| Capital Expenditures | -1,765.8 | -1,922.5 | -1,024.0 | -996.7 | — | |
| Free Cash Flow | -354.3 | -17.0 | 374.8 | 614.4 | 614.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
The Ramco Cements (NSE: RAMCOCEM) had a market capitalisation of ₹17,243 crore at the 29 October 2026 close (₹729.70 a share), a PE ratio of 26.7 on the last four quarters' profit and a price-to-book ratio of 2.13. In FY26 its consolidated net profit was ₹699 crore on revenue of ₹9,029 crore; in Q1 FY27 (April–June 2026) it was ₹31.2 crore, down 63.3% year on year. Its debt-to-equity ratio was 0.48 on 31 March 2026. Promoters held 42.56% of the shares on 30 September 2026.
The Ramco Cements' PE ratio is 26.7 at the 29 October 2026 close (₹729.70 a share): a market capitalisation of ₹17,243 crore divided by consolidated net profit of ₹645 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹699 crore) it is 24.7. These four quarters include net exceptional items of ₹566 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
The Ramco Cements' price-to-book (PB) ratio is 2.13 at the 29 October 2026 close: a market capitalisation of ₹17,243 crore divided by shareholders' equity (book value) of ₹8,094 crore on 31 March 2026. That is a book value of ₹342.51 per share against a share price of ₹729.70.
In FY26, The Ramco Cements' return on equity (ROE) was 9.0% and its return on capital employed (ROCE) was 5.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.7% and ROCE 4.4%.
The Ramco Cements' market capitalisation was ₹17,243 crore at the 29 October 2026 close: 23.63 crore shares at ₹729.70 each.
No. The Ramco Cements had borrowings of ₹3,852 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.48. Its cash and current investments were ₹227 crore, so its net debt was ₹3,625 crore.
In 2026, The Ramco Cements has declared one dividend: ₹2.50 with record date 13 August 2026.
The Ramco Cements' debt-to-equity ratio was 0.48 on 31 March 2026: borrowings of ₹3,852 crore against total equity of ₹8,094 crore. A year earlier, on 31 March 2025, it was 0.63.
The Ramco Cements' net worth — shareholders' equity in its consolidated balance sheet — was ₹8,094 crore on 31 March 2026, up 8.8% from ₹7,442 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹17,243 crore at the 29 October 2026 close.
The Ramco Cements' dividend yield is 0.34% at the 29 October 2026 close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹729.70. They were ₹2.50 on 13 August 2026.
The Ramco Cements' book value per share was ₹342.51 on 31 March 2026: shareholders' equity of ₹8,094 crore divided by the 23.63 crore shares in issue, up 8.8% from ₹314.92 a year earlier. The share price at the 29 October 2026 close was ₹729.70.
The Ramco Cements' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹31.2 crore, down 63.3% from ₹85 crore in Q1 FY26; revenue from operations ₹2,273 crore, up 9.6% year on year.
In FY26 (April 2025–March 2026), The Ramco Cements' consolidated net profit was ₹699 crore, up 156.2% from ₹273 crore in FY25, on revenue from operations of ₹9,029 crore (up 6.0%). Over three years, from FY23, net profit was up 122.1%.
The Ramco Cements' basic earnings per share (EPS) were ₹29.56 in FY26, against ₹11.53 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹27.28.
Promoters held 42.56% of The Ramco Cements on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
The Ramco Cements will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, The Ramco Cements' shares were held by promoters 42.56%, foreign portfolio investors (FII/FPI) 7.18%, domestic institutions (DII) 30.06% (including mutual funds at 21.66%) and retail and other non-institutional investors 16.81%. Over the year, FII holding was down 0.97 percentage points from 8.15% and DII holding was up 1.57 percentage points from 28.49%.
In FY26, The Ramco Cements generated ₹1,611 crore of cash from operations and spent ₹997 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹614 crore. In FY25 it was ₹375 crore.
In FY26, The Ramco Cements earned net profit of ₹699 crore on revenue of ₹9,029 crore, against ₹8,166 crore on ₹88,512 crore for UltraTech Cement. The Ramco Cements' operating margin was 7.7% (UltraTech Cement 14.0%) and its return on equity 9.0% (UltraTech Cement 11.1%). At the 29 October 2026 close, The Ramco Cements' market capitalisation was ₹17,243 crore against ₹3,29,305 crore for UltraTech Cement, and its PE ratio on FY26 profit 24.7 against 40.3.
On FY26 consolidated figures, against UltraTech Cement, Dalmia Bharat and India Cements: The Ramco Cements' operating margin of 7.7% is the third highest of the four (UltraTech Cement 14.0%, Dalmia Bharat 11.7%, India Cements 2.2%; peer average 9.3%); its return on equity of 9.0% is the second highest of the four (UltraTech Cement 11.1%, Dalmia Bharat 6.4%, India Cements −0.7%; peer average 5.6%); its revenue growth over three years of 3.4% a year is the second highest of the four (UltraTech Cement 11.9% a year, Dalmia Bharat 3.0% a year, India Cements −7.2% a year; peer average 2.6% a year).
From The Ramco Cements' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.