The Ramco Cements Limited vs The India Cements Limited
An objective side-by-side of RAMCOCEM and INDIACEM, both in Cement - South India: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-06 close
Latest results: RAMCOCEM Sep 2026 · INDIACEM Sep 2026
At a glance
- The Ramco Cements Limited is the larger company by market value, about 1.2 times the size of The India Cements Limited.
- On trailing earnings, The Ramco Cements Limited trades at the lower P/E (31.8 against 132.0).
- The Ramco Cements Limited earns the higher return on equity (7.5% against 1.2%).
- Over three years The India Cements Limited has grown profits faster (31% a year against -6%).
- Over the past year the share prices returned -21.7% (RAMCOCEM) and -13.2% (INDIACEM).
| Metric | Ramco Cements RAMCOCEM |
India Cements INDIACEM |
|---|---|---|
| Size and price | ||
| Market cap | ₹19,313 Cr | ₹16,235 Cr |
| Share price | ₹817.35 | ₹349.25 |
| Valuation | ||
| P/E | 31.75 | 131.99 |
| P/B | 2.38 | 1.59 |
| EV/EBITDA | 18.15 | 33.56 |
| PEG | — | 4.26 |
| Dividend yield | 0.2% | 0.0% |
| Profitability | ||
| ROE | 7.5% | 1.2% |
| ROCE | 6.0% | 2.0% |
| Operating margin | 13.6% | 11.8% |
| Sales (TTM) | ₹9,452 Cr | ₹4,505 Cr |
| Net profit (TTM) | ₹608 Cr | ₹123 Cr |
| Growth | ||
| Latest quarter sales YoY | +10.0% | +2.2% |
| Latest quarter profit YoY | -47.7% | +340.6% |
| Sales CAGR 3Y | +3.0% | -7.0% |
| Profit CAGR 3Y | -6.0% | +31.0% |
| Sales CAGR 5Y | +11.0% | +0.0% |
| Profit CAGR 5Y | -20.0% | -18.0% |
| Financial strength | ||
| Debt/Equity | 0.49 | 0.16 |
| Interest cover | 1.66 | 0.98 |
| Ownership | ||
| Promoter holding | 42.6% | 75.0% |
| Promoter change (4 qtrs) | +0.01 pp | -0.60 pp |
| Price performance | ||
| Return 1M | -3.27% | +15.25% |
| Return 3M | -12.78% | -11.14% |
| Return 1Y | -21.74% | -13.20% |
| Return YTD | -22.64% | -19.76% |
| Technical condition | ||
| Technical score | 52 | 56 |
| RS rating (1-99) | 28.00 | 35.00 |
| % vs 200-DMA | -12.74% | -8.31% |
| RSI (14) | 58.27 | 64.73 |
| % from 52-week high | -32.70% | -28.11% |
