The Ramco Cements Ltd

Q4 FY26Cement & Cement Products

The Ramco Cements Q4 FY26: Capex ₹997 Cr

Q4 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹872

Market cap₹20.6K Cr

P/E107.8

Updated24 Sept 2026

Read4 min read

Based on The Ramco Cements Ltd's Q4 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

4QFY26 Revenue: - Standalone: ₹2,618.32 Crores, up 9% YoY (from ₹2,404.90 Crores in 4QFY25) (Page 14) - Consolidated: ₹2,622.08 Crores, up 9% YoY (Page 14) - 4QFY26 Sales Volume: - Cement Sales: 53.89 Lac Tons, up from 52.02 Lac Tons in 4QFY25 (4% YoY growth) (Page 6) - Construction Chemicals Sales: 1.64 Lac Tons, up from 0.87 Lac Tons in 4QFY25 (88% YoY growth) (Page 6) - FY26 Revenue: - Standalone: ₹9,055.92 Crores, up 6% YoY (Page 15) - FY26 Sales Volume: - Cement Sales: 182.20 Lac Tons, up from 181.74 Lac Tons in FY25 (Page 7) - Outlook: - No explicit forward-looking revenue or volume guidance detailed in the presentation. EBITDA for 4QFY26 is ₹385.01 Crores (Standalone) / ₹382.42 Crores (Consolidated), up 15% YoY.

From The Ramco Cements Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

4QFY26 Revenue:
Standalone: ₹2,618.32 Crores, up 9% YoY (from ₹2,404.90 Crores in 4QFY25) (Page 14)
Consolidated: ₹2,622.08 Crores, up 9% YoY (Page 14)
4QFY26 Sales Volume:
Cement Sales: 53.89 Lac Tons, up from 52.02 Lac Tons in 4QFY25 (4% YoY growth) (Page 6)
Construction Chemicals Sales: 1.64 Lac Tons, up from 0.87 Lac Tons in 4QFY25 (88% YoY growth) (Page 6)
FY26 Revenue:
Standalone: ₹9,055.92 Crores, up 6% YoY (Page 15)
FY26 Sales Volume:
Cement Sales: 182.20 Lac Tons, up from 181.74 Lac Tons in FY25 (Page 7)

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for 4QFY26 is ₹385.01 Crores (Standalone) / ₹382.42 Crores (Consolidated), up 15% YoY.
EBITDA margin for 4QFY26 is 15% (Standalone), up from 14% in 4QFY25.
Operating margin (EBITDA Ratio) for 4QFY26 is reported at 15%, compared to 14% a year ago.
Profit After Tax (PAT) for 4QFY26 is ₹146.39 Crores (Standalone) / ₹146.68 Crores (Consolidated), a 372% / 491% increase YoY.

2 more points management made on profitability & margins

See what The Ramco Cements Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Cement capacity target: ~31 MTPA by FY27 through debottlenecking of existing integrated units and brownfield expansion at Kolimigundla.
WHRS (Waste Heat Recovery System) capacity of 15 MW expected at Kolimigundla along with Kiln Line-2 commissioning in FY27.
FY27 Capex estimated at ₹800 Crores.
FY26 Capex incurred: ₹997 Crores (₹174 Crores in 4QFY26).

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential

1Grasim Inds₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹3.3L Cr

Rev 3Mar 3

5₹81.3K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company’s interest-bearing borrowings decreased from ₹4,595.20 Crores (31-03-2025) to ₹3,813.07 Crores (31-03-2026).
Total borrowings reduced from ₹4,652.10 Crores to ₹3,852.05 Crores during the same period.
Net debt decreased from ₹4,481.30 Crores (FY25) to ₹3,664.24 Crores (FY26).
Net Debt / EBITDA improved from 3.51x to 2.47x.
In FY26, the company availed borrowings of ₹804.61 Crores and paid interest of ₹404.82 Crores.
Over the past two years, ₹1,098 Crores were monetized through the sale of non-core assets; ~₹150 Crores more non-core assets are planned for disposal.

2 more points management made on fundraising & capital structure

See what The Ramco Cements Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation provided does not explicitly report any details on order book, order inflow, or pending orders. - The document focuses primarily on financial performance, ESG updates, sales and capacity utilization, capex and borrowing status, and other operational metrics. - There is no mention of current or future order backlog, order inflows, or pending orders anywhere in the 30-page presentation. - The content includes volumes sold, revenue, profit, capacity utilization, borrowings, ratings, and sustainability initiatives, but not order-related data. Therefore, based strictly on the contents of this presentation, no information about order book, order inflow, or pending orders is reported.

The Ramco Cements Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net profit ₹151 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What The Ramco Cements Ltd's management said in earlier quarters

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Frequently Asked Questions

What were The Ramco Cements Ltd Q4 FY26 results?

What is The Ramco Cements Ltd share price analysis?

The Ramco Cements Ltd currently shows a neutral. The stock trades at a P/E of 107.8 with a market cap of ₹20,552 Cr. Investors should review the full earnings analysis for detailed insights.

Is The Ramco Cements Ltd planning capital expenditure?

Cement capacity target: ~31 MTPA by FY27 through debottlenecking of existing integrated units and brownfield expansion at Kolimigundla.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.