Reduce The Ramco Cements; target of Rs 830 : HDFC Securities
HDFC Securities recommended reduce rating on The Ramco Cements with a target price of Rs 830 in its research report dated August 07, 2023.10-08-2023
10-08-2023
Elevated debt levels put Ramco Cements on shaky ground
According to Ramco, sales volume could have been better last quarter if it had not been impacted by non-availability of sand in Kerala, supply disruption due to rail accidents in Orissa and West Bengal and active monsoon in the North East. As such, sales volume had declined sequentially.08-08-2023
Q1FY24 Quarterly Result Announced for The Ramco Cements Ltd.
The Ramco Cements announced Q1FY24 results: During Q1FY24, the sale volume is 4.30 million tons, compared to 3.34 million tons in Q1FY23 with a growth of 29%. The cement capacity utilisation for the Q1FY24 is at 79%. Net revenue for the Q1FY24 is Rs 2,249 crore as against Rs 1,779 crore during Q1FY23 with a growth of 26%. EBIDTA for Q1FY24 is Rs 349 crore as against Rs 308 crore during Q1FY23 with growth of 14%. EBIDTA margin was affected due to elevated fuel prices and weak cement prices in the markets where the company operates. Interest cost for the Q1FY24 is Rs 93 crore as against Rs 47 crore during the Q1FY23. Depreciation for the Q1FY24 is Rs 148 crore as against Rs 106 crore during the Q1FY23. Profit before tax for Q1FY24 is Rs 108 crore as against Rs 154 crore during Q1FY23 with a de-growth of 30%. The net debt as on June 30, 2023, is Rs 4,406 crore, out of which Rs 479 crore is for working capital. The average cost of interest-bearing borrowings for the Q1FY24 increased to 7.95% from 6.66% in FY23. Result PDF07-08-2023
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Investor Presentation
INVESTOTRS PRESENTATION07-08-2023
The Ramco Cements Limited - 500260 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspapers Publication as per reg47(1)(b) of LODR07-08-2023
The Ramco Cements Limited - 500260 - Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30.06.2023
unaudited standalone and consolidated financial results for the quarter ended 30-6-202307-08-2023
The Ramco Cements Limited - 500260 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
intimation regarding ISSUE OF DUPLICATE SHARE CERTIFICATE04-08-2023
The Ramco Cements Limited - 500260 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
intimation for loss of share certificates.25-07-2023