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Buy Ramco Cements Ltd For Target Rs.964 - Religare Broking Ltd Mixed growth in topline: Ramco Cements posted revenue of Rs 2,246.7cr, up by 26.3% YoY but down by 12.7% QoQ. Its volume growth witnessed a mixed trend with growth of 29.9% YoY but a decline of 8.5% QoQ to 4.3MTPA. Realizations remain muted to Rs 5,225/ton, down by 2.8% YoY/4.5% QoQ. In Q1 sales volumes remained impacted due to the non-availability of sand in Kerala, supply disruption due to rail accidents in Orissa and West Bengal and active monsoon. However, going ahead, the company plans t...
Buy Ramco Cements Ltd For Target Rs.964 - Religare Broking Ltd
Buy Ramco Cements Ltd For Target Rs.964 - Religare Broking Ltd
Source: Religare Broking Ltd
9/08/2023 2:29:49 PM
The Ramco Cements falls on reporting reports 32% fall in Q1 consolidated net profit The Ramco Cements is currently trading at Rs. 856.20, down by 17.85 points or 2.04% from its previous closing of Rs. 874.05 on the BSE. The scrip opened at Rs. 874.05 and has touched a high and low of Rs. 878.15 and Rs. 841.40 respectively. So far 30309 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 953.00 on 06-Jul-2023 and a 52 week low of Rs. 634.65 on 10-Nov-2022. Last one week high and low of the scrip sto...
The Ramco Cements falls on reporting reports 32% fall in Q1 consolidated net profit
The Ramco Cements falls on reporting reports 32% fall in Q1 consolidated net profit
Source: Accord Fintech
7/08/2023 4:04:48 PM
India's Ramco Cements misses Q1 profit view as costs outweigh demand  India's Ramco Cements on Monday missed first-quarter profit estimates, as mounting costs outpaced resilient demand. Net profit after tax fell 29.7% to 789.1 million rupees ($9.5 million) for the quarter ended June 30, far below analysts' estimate of 1.29 billion rupees as per Refinitiv data. Many Indian cement makers have been battling higher raw material prices and energy costs, with peers Orient Cement, JK Lakshmi Cement and Dalmia Bharat posting lower profits in the qua...
India's Ramco Cements misses Q1 profit view as costs outweigh demand
India's Ramco Cements misses Q1 profit view as costs outweigh demand
Source: Reuters
7/08/2023 3:18:39 PM
Ramco Cements moves up on starting line III clinker manufacturing facility at R R Nagar Plant Ramco Cements is currently trading at Rs. 936.80, up by 9.00 points or 0.97% from its previous closing of Rs. 927.80 on the BSE. The scrip opened at Rs. 935.00 and has touched a high and low of Rs. 941.10 and Rs. 935.00 respectively. So far 1968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 951.25 on 15-Jun-2023 and a 52 week low of Rs. 617.05 on 29-Jun-2022. Last one week high and low of the scrip stood at Rs...
Ramco Cements moves up on starting line III clinker manufacturing facility at R R Nagar Plant
Ramco Cements moves up on starting line III clinker manufacturing facility at R R Nagar Plant
Source: Accord Fintech
28/06/2023 10:24:21 AM
Buy Ramco Cements Ltd For Target Rs.980 - ICICI Direct Record high capacity utilisation rate drives outperformance…   About the stock: Ramco Cements is the dominant player in South India with cement capacity of 22 MT spread across Tamil Nadu, Andhra Pradesh, Odisha and West Bengal. In terms of sales, south contributes ~75% of sales while east contributes 25%, which is served via grinding units in West Bengal (2 MT) and Andhra Pradesh (2 MT). * The company also has a windmill capacity of 166 MW, captive thermal power plants of...
Buy Ramco Cements Ltd For Target Rs.980 - ICICI Direct
Buy Ramco Cements Ltd For Target Rs.980 - ICICI Direct
Source: ICICI Direct
3/06/2023 10:05:34 AM
Hold Ramco Cements Ltd For Target Rs. 880 - Emkay Global Financial Services Ltd Ramco Cements’ (Ramco’s) Q4FY23 EBITDA sharply increased by 40% YoY/45% QoQ to Rs4.1bn, significantly above Consensus/our estimates, owing to a beat across all operating parameters. Accordingly, blended EBITDA/ton declined 5% YoY/increased 10% QoQ to Rs878 (Emkay: Rs750). Management guided to strong volume growth of 20% YoY in FY24, subsequent to registering more than 35% growth in FY23, while benefit from the decline in fuel prices would kick-in from Q2FY24. Net debt declined Rs2...
Hold Ramco Cements Ltd For Target Rs. 880 - Emkay Global Financial Services Ltd
Hold Ramco Cements Ltd For Target Rs. 880 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
26/05/2023 11:56:43 AM
India`s Ramco Cements posts near-23% rise in Q4 profit Ramco Cements Ltd reported a near-23% rise in fourth-quarter profit on Thursday on a boost in Indian infrastructure spending. The Chennai, Tamil Nadu-based cement maker's profit after taxes rose to 1.52 billion rupees ($18.6 million) in the three months ended March 31, from 1.24 billion rupees a year earlier, according to an exchange filing. Analysts, on average, expected a drop in profit to 941.9 million rupees, according to Refinitiv IBES data. Domestic demand for cement was st...
India`s Ramco Cements posts near-23% rise in Q4 profit
India`s Ramco Cements posts near-23% rise in Q4 profit
Source: Reuters
18/05/2023 4:25:16 PM
Stock of the day : Buy Ramco Cements Ltd For Target Rs.830 - Religare Broking Ramco Cements Ltd * We are seeing fresh traction in the cement space. Ramcocem is trading in sync with the move. * It has been witnessing steady recovery for the last three months and reclaimed the major averages too. * It has formed a fresh pivot after crossing the previous swing high i.e. 770 levels and looks set for a surge. * We thus suggest initiating fresh longs in the mentioned zone. Buy Ramco Cements Ltd  CMP 789.00 ; Range 786-792; SL 769; Target 838...
Stock of the day : Buy Ramco Cements Ltd For Target Rs.830 - Religare Broking
Stock of the day : Buy Ramco Cements Ltd For Target Rs.830 - Religare Broking
Source: Religare Broking Ltd
18/05/2023 10:31:12 AM
Buy Ramco Cements Ltd For Target Rs.838 - Anand Rathi Share and Stock Brokers In the best position to address mounting demand; retaining a Buy Good demand and greater operating efficiency led to Ramco reporting a firm Q3 performance. While various cost-saving levers are in place to improve operating efficiency, land monetisation is also on the cards to fund expansions and de-leveraging. However, management retained its capex guidance for FY23/24 at ~Rs17.17bn/ Rs8.9bn. We maintain our Buy rating, at a higher TP of Rs838 (earlier Rs752).   Bright demand ou...
Buy Ramco Cements Ltd For Target Rs.838 - Anand Rathi Share and Stock Brokers
Buy Ramco Cements Ltd For Target Rs.838 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
6/03/2023 11:11:17 AM
India`s Ramco Cements profit falls 18% as expenses surge Ramco Cements reported an 18% fall in quarterly profit on Tuesday as a rise in fuel, power and other input costs outpaced demand at the Indian cement maker. Net profit after tax for Chennai, Tamil Nadu-based Ramco fell to 673.9 million rupees ($8.15 million) for the third quarter ended Dec. 31, from 825.7 million rupees, a year earlier, according to an exchange filing. Total expenses climbed 33% to 19.21 billion rupees, led by an increase in power and fuel costs, while the company poste...
India`s Ramco Cements profit falls 18% as expenses surge
India`s Ramco Cements profit falls 18% as expenses surge
Source: Reuters
7/02/2023 2:12:50 PM
Ramco Cements to spend Rs 731 cr on capex in H2FY23, posts Rs 11 cr PAT Cement major The Ramco Cements Ltd will set up a second line at its grinding unit in Odisha at an outlay of Rs 130 crore. According to the company, the proposed line will have a capacity of 0.90 million tonne per annum (mtpa), and post commissioning the total capacity at the Haridaspur unit will be 1.80 mtpa. The company said production of cement at its Kolimigundla plant in Andhra Pradesh had commenced in September. Its cement capacity has gone up to to 21 mtpa with clinker capacity...
Ramco Cements to spend Rs 731 cr on capex in H2FY23, posts Rs 11 cr PAT
Ramco Cements to spend Rs 731 cr on capex in H2FY23, posts Rs 11 cr PAT
Source: IANS
9/11/2022 5:41:14 PM
Ramco Cements gains on inaugurating 5th integrated cement plant in Andhra Pradesh Ramco Cements is currently trading at Rs. 748.00, up by 5.95 points or 0.80% from its previous closing of Rs. 742.05 on the BSE. The scrip opened at Rs. 755.00 and has touched a high and low of Rs. 758.45 and Rs. 742.00 respectively. So far 4820 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1119.20 on 08-Nov-2021 and a 52 week low of Rs. 575.05 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Ramco Cements gains on inaugurating 5th integrated cement plant in Andhra Pradesh
Ramco Cements gains on inaugurating 5th integrated cement plant in Andhra Pradesh
Source: Accord Fintech
29/09/2022 10:43:05 AM
India buys discounted Venezuelan petcoke to replace coal Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not specifically targeted by U.S. sanctions. India's growing appetite for Venezuela's petcoke – a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries as global coal prices have surged.   Graphic: India's petcoke ...
India buys discounted Venezuelan petcoke to replace coal
India buys discounted Venezuelan petcoke to replace coal
Source: Reuters
16/08/2022 1:48:39 PM
Buy Ramco Cements Ltd For Target Rs.1,135 - Yes Securities Higher East volumes aided margins Result Synopsis The Ramco Cements (TRCL) reported better?than?expected performance by posting EBITDA/te of Rs916 (v/s YSEC est. of Rs870) due to flat cost/te sequentially (5% lower than YSEC est.) in Q1FY23. Despite sequentially flat NSR (?7% y/y), the volume growth of 4% q/q (+55% y/y) resulted in revenue of Rs17.8bn (v/s YSEC est. of 16.7bn) in Q1FY23. Reported EBITDA/PAT stood at Rs3/1.1bn declined by 17/36% y/y due to surge in power & freight co...
Buy Ramco Cements Ltd For Target Rs.1,135 - Yes Securities
Buy Ramco Cements Ltd For Target Rs.1,135 - Yes Securities
Source: Yes Securities Ltd
2/08/2022 1:21:51 PM
Buy Ramco Cements Ltd For Target Rs.700 - Religare Broking Religare Super Idea**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Ramco Cements Ltd For Target Rs.700 - Religare Broking
Buy Ramco Cements Ltd For Target Rs.700 - Religare Broking
Source: Religare Broking Ltd
20/07/2022 8:34:20 AM
Buy Ramco Cements Ltd For Target Rs.790 - Centrum Broking Inline EBITDA; Q1FY23 margins to be lower The Ramco Cements (TRCL) posted in-line EBITDA of Rs2.95bn (up 28% QoQ/ down 34% YoY; CentrumE: Rs2.9bn). The sequential increase was due to higher volume and increase in realization while CoP remained flat QoQ. As a result, EBITDA/t increased by 20.5% QOQ to Rs925/t. The cement demand rebounded well in Q4FY22 after subdued Q3FY22 and still remains relatively good in its key market. As a result, TRCL hiked prices by ~Rs15/bag in April and expects &...
Buy Ramco Cements Ltd For Target Rs.790 - Centrum Broking
Buy Ramco Cements Ltd For Target Rs.790 - Centrum Broking
Source: Centrum Broking Ltd
26/05/2022 10:36:01 AM
Buy Ramco Cements Ltd For Target Rs.1135 - Yes Securities Aligned with industry, inflated cost drifts margin Result Synopsis The Ramco Cements (TRCL) reported better-than-expected EBITDA/te of Rs924 (beat YSEC est. of Rs774) due to higher-than-expected NSR of Rs5368/te (+2% than YSEC est.) and in-line total cost of Rs4444/te in Q4FY22. The extended monsoon and weak demand in the southern region resulted flat y/y volume growth to 3.2MT (miss of 9% to YSEC est.) translate in revenue of Rs17.1bn miss of 7% to YSEC est. in Q4FY22. For FY22, TRCL p...
Buy Ramco Cements Ltd For Target Rs.1135 - Yes Securities
Buy Ramco Cements Ltd For Target Rs.1135 - Yes Securities
Source: Yes Securities Ltd
24/05/2022 12:13:17 PM
Add Ramco Cement ltd For Target Rs.994 - Centrum Broking Higher Fuel cost, lower prices offset volume gain The Ramco Cements (TRCL) posted lower-than-expected EBITDA of Rs2.31bn (down 41% QoQ/42% YoY; CentrumE: Rs3.23bn), due to higher-than-expected increase in power & fuel cost and higher fall in realisation. TRCL pushed volumes in the weak market (volume was up 11% QoQ/15% YoY) at the cost of realisation. Average cement realisation dropped 2.4% QoQ. The sharp increase in coal/pet coke prices led power & fuel cost increasing by 31% QoQ/...
Add Ramco Cement ltd For Target Rs.994 - Centrum Broking
Add Ramco Cement ltd For Target Rs.994 - Centrum Broking
Source: Centrum Broking Ltd
3/02/2022 11:17:40 AM
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct Margin under pressure; demand outlook stays firm… About the stock: Ramco Cements is the dominant player in South India with cement capacity of 19.4 MT spread across Tamil Nadu, Andhra Pradesh, Odisha, West Bengal. In sales terms, south contributes ~71% of sales while east contributes 24%, which is served via grinding units in West Bengal (2 MT) and AP (2 MT). * The company also has a windmill capacity of 166 MW, captive thermal power plants of 175 MW and 18 MW of WHRS * Self-r...
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct
Source: ICICI Direct
23/11/2021 10:41:26 AM
Buy Ramco Cements Ltd For Target Rs.1,222 - ICICI Securities Volumes to be ramped-up The Ramco Cements’ (TRCL) Q1FY22 EBITDA at Rs3.6bn (up 40% YoY) was in line with consensus estimates. Cement EBITDA/te was up 15% QoQ at Rs1,636/te led by higher realisation (up 11% QoQ), which was partly offset by higher cement cost/te, up 10% QoQ. On a YoY basis, realisation was up 6.5%, while cost/te remained flat resulting in 27% YoY increase in EBITDA/te. TRCL, on 28th Jun’21, commissioned Line-III of Jayanthipuram plant with clinker manufacturing c...
Buy Ramco Cements Ltd For Target Rs.1,222 - ICICI Securities
Buy Ramco Cements Ltd For Target Rs.1,222 - ICICI Securities
Source: ICICI Securities
31/08/2021 9:33:46 AM
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct Volumes disappoint; margins stay firm… About the stock: Ramco Cements is the dominant player in South India with cement capacity of 19.7 MT spread across Tamil Nadu, Karnataka, Andhra Pradesh, Odisha and West Bengal. In terms of sales, south contributes ~71% of sales while east contributes 24%, which is served via grinding units in WB (2 MT) and AP (2 MT). * The company also has a windmill capacity of 125.95 MW, captive thermal power plants of 175 MW and 18 MW of WHRS * Self-r...
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct
Buy Ramco Cements Ltd For Target Rs.1,200 - ICICI Direct
Source: ICICI Direct
21/08/2021 10:34:06 AM
Hold Ramco Cements Ltd For Target Rs. 1,175 - Emkay Global Q1 EBITDA misses, cyclical upturn largely priced in; Retain Hold * Ramco’s Q1FY22 EBITDA grew 40% YoY to Rs3.6bn, 6% below our forecast of Rs3.9bn (but broadly in line with consensus) due to lower volumes and poor operating leverage. Blended EBITDA/ton increased 27% YoY to Rs1,700 (Emkay: Rs1,653), owing to better-than-expected cement realization. * Ramco is nearing completion of 40% capacity expansion projects to 20mt and is poised to benefit from the cyclical volume upturn, whic...
Hold Ramco Cements Ltd For Target Rs. 1,175 - Emkay Global
Hold Ramco Cements Ltd For Target Rs. 1,175 - Emkay Global
Source: Emkay Global Financial Services
28/07/2021 2:02:23 PM
Key News - Ramco Cements Ltd, HUDCO, Karnataka Bank Ltd, Torrent Pharmaceuticals Ltd, IndusInd Bank Ltd by ARETE Securities Key News Ramco Cements Q1 net profit up 46% to Rs 172 cr on growth in sales The Ramco Cements Ltd on Tuesday reported a 46.10 per cent increase in consolidated net profit at Rs 171.67 crore for the quarter ended June, helped by growth in sales The company had posted a net profit of Rs 117.50 crore during the April-June period of the previous fiscal, it said in a regulatory filing. Total income was up 17.33 per cent to 1,239.99 crore during the quarter under review as against Rs 1,056.79...
Key News - Ramco Cements Ltd, HUDCO, Karnataka Bank Ltd, Torrent Pharmaceuticals Ltd, IndusInd Bank Ltd by ARETE Securities
Key News - Ramco Cements Ltd, HUDCO, Karnataka Bank Ltd, Torrent Pharmaceuticals Ltd, IndusInd Bank Ltd by ARETE Securities
Source: ARETE Securities Ltd
28/07/2021 8:57:06 AM
Buy Ramco Cements Ltd For Target Rs. 1,120 - ICICI Securities Volume growth to accelerate The Ramco Cements’ (TRCL) Q4FY21 EBITDA at Rs4.5bn (up 61% YoY) was broadly in-line with consensus estimates. Realisation remained flat QoQ, while costs/te increased 2% QoQ resulting in EBITDA/te declining 8% QoQ to Rs1,399/te (still up 47% YoY). On a YoY basis, realisation was up 7%, while costs/te was down 3%. TRCL’s capacity addition of 1.5mnte clinker unit in Jayanthipuram and 2.25mnte clinker unit in Kurnool has been delayed by a quarter owing t...
Buy Ramco Cements Ltd For Target Rs. 1,120 - ICICI Securities
Buy Ramco Cements Ltd For Target Rs. 1,120 - ICICI Securities
Source: ICICI Securities
22/06/2021 10:38:25 AM
Buy Ramco Cements Limited Target Rs. 1085 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Ramco Cements Limited Target Rs. 1085 - Religare Broking
Buy Ramco Cements Limited Target Rs. 1085 - Religare Broking
Source: Religare Broking Ltd
16/06/2021 10:37:55 AM
Hold Ramco Cements Ltd For Target Rs.1,020 - Emkay Global 4Q EBITDA miss; cyclical upturn largely priced in; retain Hold * Ramco’s Q4FY21 EBITDA grew 61% YoY to Rs4.5bn (8% below our forecast of Rs4.9bn), but in line with consensus, because of higher-than-expected freight cost, as lead distance was up 40kms YoY. Cement EBITDA/ton increased 48% YoY to Rs1,417 (Emkay: Rs1,478). * TRCL is nearing completion of 40% capacity expansion projects to 20mt and is poised to benefit from the cyclical volume upturn, which should boost its RoIC to mid...
Hold Ramco Cements Ltd For Target Rs.1,020 - Emkay Global
Hold Ramco Cements Ltd For Target Rs.1,020 - Emkay Global
Source: Emkay Global Financial Services Ltd
31/05/2021 9:27:14 AM
Ramco Cements inches up on commissioning medical oxygen plant at Tamil Nadu Ramco Cements scrip is currently trading at Rs. 934.75, up by 2.90 points or 0.31% from its previous closing of Rs. 931.85 on the BSE. The scrip opened at Rs. 941.00 and has touched a high and low of Rs. 944.85 and Rs. 932.75 respectively. So far 2976 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1120.00 on 09-Apr-2021 and a 52 week low of Rs. 533.10 on 18-May-2020. Last one week high and low of the scrip stoo...
Ramco Cements inches up on commissioning medical oxygen plant at Tamil Nadu
Ramco Cements inches up on commissioning medical oxygen plant at Tamil Nadu
Source: Accord Fintech
17/05/2021 11:57:44 AM
Quant Pick - Buy Ramco Cement Ltd For Target Of Rs. 995 - ICICI Direct Derivatives and Quantitative Outlook… * In the current market scenario, the broader market is recovering significantly while traction was also seen in infrastructure, realty and cement stocks. Cement stocks are also seeing the same trend as stocks like UltraTech Cement and Ramco Cement are relatively outperforming in the space * The open interest in the stock had moved to four-month highs in early January 2021. Since then, it has seen a sharp decline in OI at the end of January w...
Quant Pick - Buy Ramco Cement Ltd For Target Of Rs. 995 - ICICI Direct
Quant Pick - Buy Ramco Cement Ltd For Target Of Rs. 995 - ICICI Direct
Source: ICICI Direct
4/02/2021 11:44:41 AM
Stock Picks - Maruti and Ramco Cement Ltd by ICICI Direct Maruti Buy Maruti Ltd @ 8170.00-8178.00 CMP 8166.30 TGT 8275.00 SL 8117.80   Ramco Cement Buy Ramco Cement Ltd @ 815.00-818.00 CMP 815.80 TGT 830.00 SL 809.40   To Read Complete Report & Disclaimer Click Here   For More ICICI Direct Disclaimer http://icicidirect.com/disclaimer.html SEBI Registration number is INZ000183631   Above views are of the author and not of the website kindl...
Stock Picks - Maruti and Ramco Cement Ltd by ICICI Direct
Stock Picks - Maruti and Ramco Cement Ltd by ICICI Direct
Source: ICICI Direct
21/01/2021 12:45:49 PM