Please refer to important disclosures at the end of this report
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
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
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.
CMP `557
Stock Info
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
Market Cap (` cr) 13,263
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
The Ramco Cement
Others | Cemen
September 6, 2016
The Ramco Cement | Cement
September 6, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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