Buy The Ramco Cements, target price Rs 1188: ICICI Securities

ICICI Securities has buy call on The Ramco Cements with a target price of Rs 1188. The current market price of The Ramco Cements is Rs 1011.

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 23912.79 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 30-09-2023, the company reported a Consolidated Total Income of Rs 2352.09 Crore, up 4.35 % from last quarter Total Income of Rs 2253.95 Crore and up 30.63 % from last year same quarter Total Income of Rs 1800.61 Crore. Company reported net profit after tax of Rs 100.85 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 42.11 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.85 per cent, DIIs 33.37 per cent.