ICICI Securities has buy call on The
Ramco Cements with a target price of Rs 1120. The current market price of The Ramco Cements is Rs 963.5.
The Ramco Cements Ltd, incorporated in the year 1957, is a Large Cap company with a market cap of Rs 22698.51 Crore, operating in Cement sector.
The Ramco Cements Ltd s key Products/Revenue Segments include Cement, Power, Dry Mortar Mix, Ready Mix Concrete, Other Operating Revenue, Scrap for the year ending 31-Mar-2020.
Investment Rationale
The Ramco Cement’s capacity addition of 1.5 mnte clinker unit in Jayanthipuram and 2.25 mnte clinker unit in Kurnool has been delayed by a quarter owing to covid resurgence and is now expected to be commissioned during Q1FY22 and Q2FY22, respectively. Hence, The Ramco Cement is expected to report strong volume growth over FY22-23E. Factoring in better realisation, ICICI Securities increased its FY22-23E EBITDA by 5 per cent and raise its target price to Rs 1,120/share (earlier Rs 1,050/share). Key
The Ramco Cements Ltd reports consolidated PAT of Rs 216 16 crore in Q4FY21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Ramco Cements posts ₹761-cr profit in FY21 on better margins
May 24, 2021
AV Dharmakrishnan, CEO, Ramco Cements×
Net revenue was up at ₹5,303 crore The Ramco Cements Ltd reported an impressive performance including some new milestones in FY21, while the March 2021 quarter also saw good growth in bottomline.
For 2020-21, the company reported a standalone net profit of ₹761 crore compared to ₹601 crore in the previous year.
EBIDTA up In 2020-21, EBIDTA grew 35 per cent at ₹1,582.60 crore against ₹1,173.82 crore in FY20 due to improved margins. Blended EBIDTA per tonne was ₹1,586 (₹1,048). For the first time, the company achieved a PBT of more than ₹1,000 crore and it stood at ₹1,140 crore for FY21.
Ramco unit bags award - The Hindu thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Ramco Cements to expand cement capacity
Updated:
Updated:
Company eyes 20 MTPA by FY22
Share Article
Company eyes 20 MTPA by FY22
The Ramco Cements Ltd., the flagship company of the Ramco Group, is planning to expand its production capacity to 20 million tonnes per annum (MTPA) by FY22, a top official.
“Currently, we have a production capacity of over 16 MTPA and this will increase to 20 MTPA with the completion of the third line of clinkering plant at Jayanthipuram in Andhra Pradesh and a new cement plant in Kurnool,” said S. Vaithiyanathan, CFO.
As per the earlier plan, Ramco Cements decided to expand clinkering capacity at Jayanthipuram from 3 MTPA to 4.5 MTPA before March 2021, set up a plant in Kurnool with a clinkering capacity of 2.25 MTPA and cement capacity of 1 MTPA, a thermal power plant and waste heat recovery plant (WHRP) before March 2021.