Ramco Cements Limited
NSE:RAMCOCEM

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Ramco Cements Limited Logo
Ramco Cements Limited
NSE:RAMCOCEM
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Price: 928.3 INR 3.43% Market Closed
Market Cap: ₹219.3B

Ramco Cements Limited
Investor Relations

Founded in the gritty persistence of India's industrial evolution, Ramco Cements Limited stands today as a formidable player in the cement industry. This company, originally known as Madras Cements, began its journey in 1961 and steadily climbed the ranks by embracing innovation and robust business strategies. The company's operations revolve around the intricate science of cement production, achieved through an integrated process involving limestone mining, raw material grinding, clinker production in kilns, and the eventual grinding of clinker with gypsum. This produces the fine powder known as cement, essential for construction. With various manufacturing plants strategically located across Southern India, Ramco Cements capitalizes on regional limestone deposits, ensuring consistency in their raw materials—critical to maintaining product quality in a highly competitive market.

Ramco Cements' profitability hinges on its efficient production processes, extensive distribution network, and brand strength, carefully nurtured over decades. By optimizing logistics through well-placed distribution centers and a strong dealer network, the company ensures its product readily reaches the bustling construction hubs. Furthermore, Ramco Cements strategically differentiates itself with value-added products like ready-mix concrete and dry mortar mix, enhancing its portfolio beyond conventional offerings. Such diversification not only captures a broader market but also buffers against the cyclical nature of the cement industry. This dual focus on operational efficiency and market adaptability is the cornerstone of Ramco's financial health, positioning it as a resilient and enduring entity in the ever-dynamic landscape of construction materials.

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RAMCOCEM
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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Feb 9, 2024
AI Summary
Q3 2024

Steady Revenue Growth: Net revenue grew by 5% in Q3 despite weather disruptions and pricing pressure.

Stronger Margins: EBITDA margin rose to 19% from 15% last year, with EBITDA increasing to INR 402 crores.

Volume Recovery: Cement sales volumes improved by 10%, with Q3 utilization at 74% vs 70% last year.

CapEx Guidance Raised: FY '24 CapEx guidance increased again to INR 2,000 crores, mainly for land acquisition and debottlenecking.

Debt Levels Capped: Management expects net debt to peak at INR 5,000 crores and not rise further due to strong free cash flow.

Expansion Plans: Major expansion projects underway; clinker and cement capacity to reach 19 MTPA and 26 MTPA by FY '26.

Price Volatility: Cement prices remain under pressure, with recent declines observed in several markets.

Future Guidance: Sales volume expected at 17.5 million tonnes for FY '24 and 19–20 million tonnes for FY '25.

Key Financials
EBITDA
INR 402 crores
EBITDA Margin
19%
Blended EBITDA per Tonne
INR 1,007
Cement Utilization Rate
74%
Share of Premium Products
27%
Pet Coke Consumption
51%
Clinker Production
10.5 million tonnes (for 9 months)
Net Debt
INR 4,993 crores
Net Debt to EBITDA
3.22x
Average Cost of Debt
7.82%
CapEx (Q3 FY24)
INR 385 crores
Other Earnings Calls
2024

Management

Mr. Arrakundal Velayutha Raja Dharmakrishnan A.C.A., ACA., B.Com.
Chief Executive Officer
No Bio Available
Mr. S. Vaithiyanathan A.C.A., B.Sc.
Chief Financial Officer
No Bio Available
Mr. K. Selvanayagam
Compliance Officer & Company Secretary
No Bio Available
Mr. Poosapadi Ramasubrahmaneya Rajha Venketrama Raja B.Tech., M.B.A., MBA
MD & Director
No Bio Available
Mr. Srinivasan Muthusubramanian B.E.
Executive Director of Operations
No Bio Available
Mr. S. Ramaraj
President of Administration
No Bio Available
Mr. Balaji Krishna Moorthy B.Sc., P.G.D.C.S, PG Dip.
Executive President of Marketing
No Bio Available
Mr. Ravi Shankar Natarajan B.Tech.
Senior President of Manufacturing
No Bio Available
Mr. Reddy Nagaraju
President of Manufacturing
No Bio Available

Contacts

Address
TAMIL NADU
Chennai
"Auras Corporate Centre", 98-A, V Floor, Dr. Radhakrishnan Road
Contacts
+914428478666
www.ramcocements.in
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