The Ramco Cements Ltd
The Ramco Cements Ltd (RAMCOCEM)

The Ramco Cements Ltd (RAMCOCEM)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-1.43 %
3 Month Return15.84 %
1 Year Return-23.93 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 9
Rank 21
Rank 17
Dividend Yield
Rank 27
Rank 25
Price To Book Ratio
Rank 7
Debt To Asset
Rank 8

Company Information

Ramco Cements Ltd formerly Madras Cements MCL is the flagship company of the Ramco group. It is a major player in the blended cement category in south India. Ramco Cements is the fifth largest cement producer in the country. The main product of the company is Portland cement manufactured in eight stateofthe art production facilities that include Integrated Cement plants and Grinding units with a current total production capacity of 16.5 million MTPA with 10 manufacturing facilities across India. The company has been the forerunner in promoting blended cements from 1997. The company caters mainly to the domestic markets. The company is also engaged in sale of surplus electricity generated from its windmills and thermal power plants after meeting its captive requirements.The company was incorporated in the year 1957. The Company undertook to replace the 4 cement mills at its Ramasamyraja Nagar Works which were 20 years old by a single new Combidan Cement Mill. The mill was commissioned at end of the year 1985. A 132 KVA substation and the limestone crushing plant were installed during the same year. The project was commissioned during December of the year 1986. Two D.G. sets were installed in the middle of the year 1988 to meet 60 of the units power requirement at Jayanthipuram. The Company had set up the 4 MW windmill farm in the year 1992 at Muppandal Kanyakumari district Tamil Nadu. Asias largest one to be commissioned in the Private sector was set up. All the 16 wind turbines of the company were commissioned in March of the year 1993. In the same year 1993 an additional capacity was created by adding 8 Nos. wind turbines of 250 KW each at Muppandal wind mill farm taking the generation capacity to 6 MW. During the year 1994 MCL had upgraded the capacity of its Jayanthipuram Unit to 1.1 million tonnes and also upgraded the cement mills capacity in R. R. Nagar. The Company substantially increased the capacity of windmills by installation of 70 more windmills. In the year 1995 the company enhanced power generation capacity at Jayanthipuram unit to 15.3 MW by commissioning an additional diesel generator set to maintain normal production in view of frequent powercut and power tripping. During the year 1997 MCL had commissioned its third cement plant in Alathiyur it was the second in Tamil Nadu. The clinker plant of the Alathiyur unit was commissioned in March while the grinding unit was commissioned in May of the same year 1997. The Company had embarked into Ready Mix Concrete business in the year 1998. Also in the same year MCL made tieup with Visakhapatnam Steel Plant VSP for procuring slag a blast furnance residue and a crucial input for slag cement. MCL tied up with Gas Authority of India Ltd GAIL for supply of gas and the fuel supply agreement was inked in 15th April of the year 1999. It also tied up with Oil and Natural Gas Corporation ONGC for supply of 25000 cu mtrs of gas per day from its Nallore well near Mannargudi in Tamil Nadu. In the same year 1999 another one tieup was made with Vizag Steel Plant for supply of slag. During the year 199900 the companys slag grinding project at Jayanthipuram for manufacture of blended cement was commissioned and also the capacity of the Alathiyur unit was expanded by 0.2 million TPA. During the year 2000 the company had launched the Ramco Super Steel cement in Tamil Nadu. The Companys second unit at Alathiyur with a capacity of 15 lac tonnes was commissioned in January of the year 2001. The second klin at R.R Nagar was upgraded in May of the year 2001 with the installation of fixed inlet segment to the cooler new calciner and modifying pre heater cyclone thereby increasing the capacity of the unit to 11 lac TPA of blended cement. With the help of M.Tec Germany the company started new project Dry Motor Plant for manufacture of high technology construction products such as render skimcoat and dry concrete and its production commenced from January of the year 2003 at Sriperumbudur. During 200405 The Company commissioned a 36 MW Thermal Power Plant at Alathiyur. The company for the first time in India commissioned a surface mine to modernise the mine operations at Ramasamyraja Nagar factory. The Company decided to establish grinding units in the states of Tamil Nadu Andhra Pradesh and West Bengal in May of the year 2007. During October of the year 2007 MCL earmarked Rs 1.05 billion investments for set up the grinding mill at Kolaghat in Midnapore West Bengal. With an eye on diversification MCL is planning to enter into industries such as sugar pharmaceuticals power power equipments and textiles. As at March 2008 Madras Cements lines up Rs 15 billion expansion. It will invest Rs 15.24 billion to increase its capacity.The Board of Directors of Madras Cements Ltd at its meeting held on 20 June 2008 approved issue of Bonus Shares in the ratio of 1: 1 and Subdivision of each share of Rs 10/ each to 10 shares of Re 1/ each.The Board of Directors of Madras Cements Ltd at its meeting held on 10 April 2009 decided in principle to incorporate a wholly owned subsidiary company for carrying out the business of manufacture and sale of Sugar and Allied Products for which approval of the shareholders was obtained at the Annual General Meeting held on 27 July 2007.The Board of Directors of Madras Cements Ltd at its meeting held on 27 October 2009 decided to divest the shares in a wholly owned subsidiary viz. MADRAS SUGARS LTD. which was incorporated for the purpose of carrying out sugar business. The paidup capital of Madras Sugars Ltd. is Rs. 10 lakh.Madras Cements Ariyalur Tamil Nadu plant started operations in 2009 with a capacity of 2 MTPA. It is wellequipped with modern quality control systems. Currently Line 2 of the plant with a capacity of another 2 MTPA was commissioned in 2012.The Board of Directors of Madras Cements Ltd at its meeting held on 29 July 2013 decided to form a subsidiary company and transfer windmills of an aggregate capacity of 23.23 MW to the proposed subsidiary company. The companys total wind farm capacity is 159.19 MW. After transfer of the windmills of capacity 23.23 MW to the proposed subsidiary the balance windmills of capacity 135.96 MW will continue to remain with the company.Shareholders of Madras Cements at the Annual General Meeting held on 29 July 2013 passed a Special Resolution to change the name of the company from Madras Cements Limited to The Ramco Cements Limited.On 27 January 2016 Ramco Cements informed the stock exchanges that the company has been allotted by Lynks Logistics Limited 19 lakh shares of Rs 1/ each on 27 January 2016 aggregating to 19 of their paid up share capital. Lynks Logistics Limited is promoted by Ramco Cements and other promoters of Ramco Group of companies. The object of Lynks Logistics Limited is to enter into the business of aggregators in logistics field. On 10 June 2016 credit rating agency ICRA Limited upgraded long term rating for Ramco Cements NonConvertible Debentures Term Loan facilities and Long Term fund based facilities from AA to AA Stable. The upgrade in the rating reflects consistent improvement in the operational and financial performance of the company over the past two years.The Board of Directors of Ramco Cements at its meeting held on 7 February 2017 approved the proposal for BuyBack by the company of its fully paid up equity shares for an aggregate amount not exceeding Rs 180 crore for a price not exceeding Rs 720 per share from shareholders of the company excluding promoter promoter group and persons acting in concert with promoters through the open market purchases method on the stock exchanges.The Board of Directors Ramco Cements at its meeting held on 3 August 2017 approved the companys expansion plans of its existing satellite grinding units and installation of a new satellite grinding unit for a total outlay of Rs 1095 crore. The capacity of the Vizag grinding unit will be raised from 0.9 MTPA to 2 MTPA and that of the Kolaghat grinding unit will be raised from 0.9 MTPA to 2 MTPA. A new grinding unit of 0.9 MTPA capacity will be set up in Odisha. On 16 August 2017 Ramco Cements announced the closure of share buyback. The company bought back 25 lakh shares at a cost of Rs 167.70 crore at an average price of Rs 670.80 per share. In March 2018 Ramco Cements acquired a cement grinding unit from Ramco Industries Limited. The plant having a capacity to grind 0.2 MTPA of cement is located in Kharagpur West Bengal.
OrganisationThe Ramco Cements Ltd