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 2026-09-21 close
Latest results: RAMCOCEM Jun 2026 · INDIACEM Jun 2026
At a glance
- The Ramco Cements Limited is the larger company by market value, about 1.3 times the size of The India Cements Limited.
- On trailing earnings, The Ramco Cements Limited trades at the lower P/E (32.4 against 172.5).
- The Ramco Cements Limited earns the higher return on equity (8.0% against 0.9%).
- Over three years The India Cements Limited has grown profits faster (31% a year against -6%).
- Over the past year the share prices returned -15.4% (RAMCOCEM) and -13.4% (INDIACEM).
| Metric | Ramco Cements RAMCOCEM |
India Cements INDIACEM |
|---|---|---|
| Size and price | ||
| Market cap | ₹20,914 Cr | ₹16,037 Cr |
| Share price | ₹885.10 | ₹345.00 |
| Valuation | ||
| P/E | 32.42 | 172.46 |
| P/B | 2.58 | 1.58 |
| EV/EBITDA | 18.42 | 36.98 |
| PEG | — | 5.56 |
| Dividend yield | 0.2% | 0.0% |
| Profitability | ||
| ROE | 8.0% | 0.9% |
| ROCE | 6.0% | 2.0% |
| Operating margin | 14.6% | 10.5% |
| Sales (TTM) | ₹9,228 Cr | ₹4,480 Cr |
| Net profit (TTM) | ₹645 Cr | ₹93 Cr |
| Growth | ||
| Latest quarter sales YoY | +9.6% | -0.5% |
| Latest quarter profit YoY | -63.3% | +120.2% |
| 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 | 0.48 | 0.13 |
| Interest cover | 1.66 | 0.98 |
| Ownership | ||
| Promoter holding | 42.5% | 75.0% |
| Promoter change (4 qtrs) | +0.00 pp | -6.49 pp |
| Price performance | ||
| Return 1M | -2.41% | -6.92% |
| Return 3M | -0.14% | -8.69% |
| Return 1Y | -15.38% | -13.39% |
| Return YTD | -16.23% | -20.74% |
| Technical condition | ||
| Technical score | 40 | 38 |
| RS rating (1-99) | 38.00 | 33.00 |
| % vs 200-DMA | -9.36% | -13.72% |
| RSI (14) | 50.01 | 37.82 |
| % from 52-week high | -27.12% | -28.98% |
