Please refer to important disclosures at the end of this report
1
The Ramco Cements Limited, formerly Madras Cements Limited, manufactures
cement, ready-mix concrete and dry mortar products. The Company operates in
two segments which are Cement and Power generation from Windmills. The
company has reported 57.12% rise in its net profit at `155.93cr for the quarte
r
ended June 30, 2016 as compared to `99.24cr for the same quarter in the
previous year. The Company continued to focus on cost reduction measures and
reduced the operating and logistics costs significantly providing boost to EBITD
A
margins. The company has continued to show a strong focus on its cost reduction
& looks confident of sustaining it in the coming quarters also. The efforts seen in
repayment of its borrowings have helped the company to reduce interest costs.
Hence Buy.
BUY
CMP `557
Stock Info
Sector
Beta 0.6
Bloomberg Code TRCL IN
Shareholding Pattern (%)
Promoters 42.3
MF / Banks / Indian Fls 28.2
FII / NRIs / OCBs 15.9
Indian Public / Others 13.6
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
The Ramco Cement 12.6 77.0 255.7
Nifty 8,810
Reuters Code TRCE.BO
Face Value (`)1
BSE Sensex 28,532
52 Week High / Low 595/310
Avg. Daily Volume 30,142
Cement
Market Cap (` cr) 13,263
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
The Ramco Cement
Others | Cemen
t
September 6, 2016
The Ramco Cement | Cement
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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