The Ramco Cements cash flow

Latest FY26

Cash from operations: ₹1,611cr+15.2% on FY25
Capital spending: ₹997cr−2.7% on FY25
Free cash flow: ₹614cr+63.9% on FY25
Cash from financing: −₹1,257cr−₹782 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	740	695	646	506
	—	419	459	416	241
	—	−14.3	−18.1	−13.6	−10.2
	—	0.0	0.0	−0.1	−0.1
	—	0.0	0.0	−0.1	0.0
	—	0.3	23.0	16.2	16.3
	—	−564	−210	−12.9	−10.1
	—	−2.4	−11.4	−10.3	−15.1
	—	−13.5	−32.7	−99.9	−49.1
	—	−143	150	−325	−210
	—	383	45.6	790	510
Cash from operating activities
	797	871	319	542	472
	—	805	1,100	1,407	978
	—	1,677	1,419	1,948	1,450
	—	−22.7	0.0	0.0	−6.1
	—	42.8	20.6	42.8	32.7
	—	1,611	1,399	1,906	1,412
Cash from investing activities
	—	997	1,024	1,923	1,766
	—	599	82.8	8.3	2.3
	—	0.0	0.0	17.5	0.5
	—	40.5	376	2.6	0.0
	—	0.3	0.0	0.0	0.0
	—	0.0	0.0	0.0	52.8
	—	0.0	1.1	1.4	1.4
	—	9.9	13.2	7.7	6.0
	—	9.8	9.6	9.1	9.6
	—	−338	−542	−1,911	−1,694
Cash from financing activities
	—	600	515	1,435	1,686
	—	1,405	785	1,010	1,107
	—	0.4	0.3	0.2	0.1
	—	404	452	406	233
	—	47.3	59.1	47.3	71.0
	—	−1,257	−782	−28.0	274
	—	16.2	75.3	−33.4	−8.2
	—	16.2	75.3	−33.4	−8.2
	—	—	—	137	170
Reference items
	1,345	1,436	1,233	1,565	1,186
	14.6%	15.9%	14.5%	16.7%	14.5%
	614	614	375	−17.0	−354
	—	−590	−342	6.1	—
	₹26.00	₹26.00	₹15.86	−₹0.72	−₹14.99
	28.06×	—	—	—	—
	—	2.31×	5.19×	5.35×	4.48×
	—	42.8	20.6	42.8	32.7
	—	404	452	406	233

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RAMCOCEM₹729.70

The Ramco Cements Ltd.

· Infrastructure

₹ CrorePeersULTRACEMCO DALBHARAT INDIACEM JSWCEMENT NUVOCO JKCEMENT ACC BIRLACORPNMcap ₹17,243 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	506.0	646.3	695.1	740.2	—
+ Finance Costs	240.5	415.5	458.8	419.4	—
+ Interest Income	-10.2	-13.6	-18.1	-14.3	—
+ Dividend Income	-0.1	-0.1	0.0	0.0	—
+ Fair Value (Gains) / Losses	0.0	-0.1	0.0	0.0	—
+ Other Non-cash Items	16.3	16.2	23.0	0.3	—
+ Other — Cash Effects are Investing / Financing	-10.1	-12.9	-209.6	-563.8	—
+ Other Reconciling Items	-15.1	-10.3	-11.4	-2.4	—
Changes in Working Capital
+ Inventories	-49.1	-99.9	-32.7	-13.5	—
+ Trade Receivables — Current	-209.8	-324.6	149.6	-143.0	—
+ Trade Payables — Current	509.9	790.2	45.6	382.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	472.0	541.7	319.3	871.1	796.6
+ Total Adjustments (incl. Working Capital)	978.4	1,406.6	1,100.1	805.5	—
Cash from Operations (pre-tax)	1,450.3	1,948.3	1,419.4	1,676.6	—
+ Other Inflows / (Outflows) — Operating	-6.1	0.0	0.0	-22.7	—
+ Income Taxes Paid	32.7	42.8	20.6	42.8	—
Cash from Operating Activities	1,411.5	1,905.5	1,398.8	1,611.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	1,765.8	1,922.5	1,024.0	996.7	—
+ Disp of Fixed Assets	2.3	8.3	82.8	598.7	—
+ Purchase of Investments (Equity / Debt)	0.5	17.5	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	2.6	375.8	40.5	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	0.3	—
+ Loans & Advances Repaid	52.8	0.0	0.0	0.0	—
+ Dividends Received — Investing	1.4	1.4	1.1	0.0	—
+ Interest Received — Investing	6.0	7.7	13.2	9.9	—
+ Other Inflows / (Outflows) — Investing	9.6	9.1	9.6	9.8	—
Cash from Investing Activities	-1,694.1	-1,910.9	-541.6	-338.1	—
Cash from Financing Activities
+ Proceeds from Borrowings	1,686.0	1,435.4	514.6	600.0	—
+ Repayment of Borrowings	1,107.0	1,009.7	785.4	1,404.6	—
+ Payment of Lease Liabilities	0.1	0.2	0.3	0.4	—
+ Interest Paid	233.4	406.3	451.7	404.4	—
+ Dividends Paid	71.0	47.3	59.1	47.3	—
Cash from Financing Activities	274.5	-28.0	-781.9	-1,256.7	—
Net Changes in Cash (pre-FX)	-8.2	-33.4	75.3	16.2	—
Net Changes in Cash	-8.2	-33.4	75.3	16.2	—
Closing Cash	170.3	136.9	—	—	—
Reference Items
EBITDA	1,185.6	1,564.6	1,232.5	1,436.0	1,344.9
EBITDA Margin %	14.53	16.69	14.47	15.90	14.57
Free Cash Flow (CFO − Capex)	-354.3	-17.0	374.8	614.4	614.4
Free Cash Flow to Equity	—	6.1	-341.7	-590.1	—
Free Cash Flow per Basic Share	-14.99	-0.72	15.86	26.00	26.00
Price to Free Cash Flow	—	—	—	—	28.06
Cash Flow to Net Income	4.48	5.35	5.19	2.31	—
Cash Paid for Taxes	32.7	42.8	20.6	42.8	—
Cash Paid for Interest	233.4	406.3	451.7	404.4	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.