The Ramco Cements Ltd Q4 FY24 Share Price & Earnings Call Analysis

Financials of The Ramco Cements Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of The Ramco Cements Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,5732,2472,3412,1112,6782,0942,0441,9832,3972,0742,2392,1062,610
Expenses +2,1611,9031,9351,7142,2591,7731,7301,7042,0781,6761,8511,8262,240
Operating Profit412343406397419320314279319398388280371
OPM %16%15%17%19%16%15%15%14%13%19%17%13%14%
Other Income +11712714810199236749686
Interest779311710210411312011311310511110895
Depreciation141150163180154168170175183184183185188
Profit before tax205108138121175483419146115100483173
Tax %26%27%27%31%26%27%27%4%46%27%24%20%15%
Net Profit +1517472821293726182268578386151
EPS in Rs6.383.153.053.585.461.571.097.721.163.603.2716.326.38

Financials of The Ramco Cements Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,6553,5823,9674,4255,1625,3895,2916,0048,1579,3768,5189,029
Expenses +2,9352,5042,7593,3104,1174,2413,7334,7136,9717,8117,2847,593
Operating Profit7211,0771,2081,1151,0461,1491,5581,2911,1861,5651,2341,436
OPM %20%30%30%25%20%21%29%22%15%17%14%16%
Other Income +85754032253430283339241595
Interest19618410561537388113241416460419
Depreciation251305286294300317357402506646695740
Profit before tax3586638577927187921,144803472542319871
Tax %32%20%24%29%29%24%33%-11%28%27%16%21%
Net Profit +247545664566511605784882315356270699
EPS in Rs10.3422.9027.8423.9521.6825.6533.2237.3013.3115.2311.5429.57
Dividend Payout %15%13%11%13%14%10%9%8%15%16%17%8%

Financials of The Ramco Cements Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital242424242424242424242424
Reserves2,6023,1093,7724,0894,5134,9785,7086,5956,8377,2147,4188,070
Borrowings +2,7342,1411,4371,1211,6373,0323,1103,9504,5074,9364,6753,871
Other Liabilities +1,6461,6701,8381,9362,0292,0992,6132,5893,2244,0954,2134,671
Total Liabilities7,0066,9447,0717,1698,20310,13211,45513,15714,59216,27016,32916,636
Fixed Assets +4,8825,0265,2115,3235,4006,0496,9787,77310,19512,05312,34412,986
CWIP2631471201758531,8402,3553,0341,9871,3781,386922
Investments3583272102402592763072972733199060
Other Assets +1,5031,4441,5291,4321,6921,9671,8142,0542,1382,5192,5092,668
Total Assets7,0066,9447,0717,1698,20310,13211,45513,15714,59216,27016,32916,636

Financials of The Ramco Cements Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +9321,0891,1171,1247937481,8921,1351,4121,8981,3991,611
Cash from Investing Activity +-477-261-280-490-1,202-1,921-1,779-1,816-1,694-1,911-542-338
Cash from Financing Activity +-436-950-665-7936531,194-64715274-28-782-1,257
Net Cash Flow18-122172-159243215035-8-417516
Free Cash Flow492791813630-410-1,171126-676-352-164581,216
CFO/OP139%115%108%116%91%77%135%100%122%124%115%115%

Financials of The Ramco Cements Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days384851373536262121333132
Inventory Days280341314273242270253342240209215196
Days Payable123133140130111143154199174211199228
Cash Conversion Cycle195256225179165163125165873148-0
Working Capital Days-37-81-67-53-55-58-76-76-61-72-98-90
ROCE %10%16%18%16%13%12%15%9%6%8%5%6%