Buy The Ramco Cements, target price Rs 997: Anand Rathi

Anand Rathi has buy call on The Ramco Cements with a target price of Rs 997. The current market price of The Ramco Cements Ltd. is Rs 803. Time period given by analyst is six months when The Ramco Cements Ltd. price can reach defined target.

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 19020.36 Crore) operating in Cement sector.

The Ramco Cements Ltd. key Products/Revenue Segments include Cement, Power, Dry Mortar Mix, Scrap, Ready Mix Concrete and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1558.69 Crore, up 3.20 % from last quarter Total Income of Rs 1510.33 Crore and up 15.49 % from last year same quarter Total Income of Rs 1349.58 Crore. Company reported net profit after tax of Rs 80.46 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 42.33 per cent stake in the company as of 31-Mar-2022, while FIIs owned 7.63 per cent, DIIs 32.63 per cent.