Buy The Ramco Cements, target price Rs 1072: ICICI Securities

ICICI Securities has buy call on The Ramco Cements with a target price of Rs 1072. The current market price of The Ramco Cements is Rs 802.7.

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 18994.36 Crore) operating in Cement sector.

The Ramco Cements Ltd. key Products/Revenue Segments include Cement, Dry Mortar Mix, Power, Clinker, Scrap, Other Operating Revenue and Ready Mix Concrete for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 2117.39 Crore, down -9.98 % from last quarter Total Income of Rs 2352.09 Crore and up 4.80 % from last year same quarter Total Income of Rs 2020.37 Crore. Company reported net profit after tax of Rs 84.01 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 42.11 per cent stake in the company as of 31-Dec-2023, while FIIs owned 7.94 per cent, DIIs 32.92 per cent.