Buy The Ramco Cements, target Rs 685: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on The Ramco Cements Ltd. with a target price of Rs 685.0 . The current market price of The Ramco Cements Ltd. is Rs 657.1 Time period given by the analyst is Intra Day when The Ramco Cements Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 635. The Ramco Cements Ltd., incorporated in 1957, is a largecap company with a market cap of Rs 15768.87 crore operating in cement sector.

The Ramco Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 4417.50 Crore to Sales Value (96.74 % of Total Sales), Other Operating Revenue which contributed Rs 78.20 Crore to Sales Value (1.71 % of Total Sales), Dry Mortar Mix which contributed Rs 27.05 Crore to Sales Value (0.59 % of Total Sales), Clinker which contributed Rs 17.91 Crore to Sales Value (0.39 % of Total Sales), Ready Mix Concrete which contributed Rs 15.63 Crore to Sales Value (0.34 % of Total Sales) and Scrap which contributed Rs 10.02 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1185.97 Crore, down -5.18 % from last quarter Sales of Rs 1250.76 Crore and up 19.73 % from last year same quarter Sales of Rs 990.54 Crore Company has reported net profit after tax of Rs 124.98 Crore in latest quarter. The company’s top management includes Justice(Retd)Chitra Venkataraman, Mr.M B N Rao, Mr.M F Farooqui, Mr.M M Venkatachalam, Mr.P R Venketrama Raja, Mr.R S Agarwal. Company has SRSV & Associates as its auditoRs As on 30-06-2018, the company has a total of 235,576,780 shares outstanding.