Ramco Cements Limited
NSE:RAMCOCEM

Watchlist Manager
Ramco Cements Limited Logo
Ramco Cements Limited
NSE:RAMCOCEM
Watchlist
Price: 944.25 INR -1.31% Market Closed
Market Cap: ₹223.1B

EV/S

2.9
Current
1%
More Expensive
vs 3-y average of 2.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.9
=
Enterprise Value
₹306.1B
/
Revenue
₹88.2B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.9
=
Enterprise Value
₹306.1B
/
Revenue
₹88.2B

Valuation Scenarios

Ramco Cements Limited is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.9), the stock would be worth ₹930.75 (1% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-43%
Maximum Upside
+5%
Average Downside
10%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 2.9 ₹944.25
0%
3-Year Average 2.9 ₹930.75
-1%
5-Year Average 3 ₹987.08
+5%
Industry Average 1.6 ₹534.58
-43%
Country Average 2.9 ₹937.29
-1%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹306.1B
/
Jan 2026
₹88.2B
=
2.9
Current
₹306.1B
/
Mar 2026
₹94.4B
=
3.2
Forward
₹306.1B
/
Mar 2027
₹105.6B
=
2.9
Forward
₹306.1B
/
Mar 2028
₹117.3B
=
2.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
Ramco Cements Limited
NSE:RAMCOCEM
223.1B INR 2.9 38.8
IE
CRH PLC
NYSE:CRH
79.2B USD 2.5 21.1
CH
Holcim AG
SIX:HOLN
40.2B CHF 2.7 3
US
Vulcan Materials Co
NYSE:VMC
39.4B USD 5.4 36.6
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 1.7 17.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 6.9 32.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 4 46.7
US
Amrize AG
SIX:AMRZ
25.1B CHF 2.8 25.1
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 1.2 11.3
CN
China Jushi Co Ltd
SSE:600176
141.7B CNY 8.1 43.1
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 1.8 44.9

Market Distribution

In line with most companies in India
Percentile
50th
Based on 2 864 companies
50th percentile
2.9
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Ramco Cements Limited
Glance View

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.

RAMCOCEM Intrinsic Value
732.68 INR
Overvaluation 22%
Intrinsic Value
Price ₹944.25
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett