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Buy Ramco Cements, target price Rs 842: Dharmesh Shah

Dharmesh Shah recommended to keep stoploss at Rs 769.

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Last Updated: Nov 19, 2019, 09.18 AM IST
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The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 18683.59 Crore) operating in Cement sector.
Dharmesh Shah of ICICI Direct has buy call on The Ramco Cements Ltd. with a target price of Rs 842.0 . The current market price of The Ramco Cements Ltd. is Rs 793.1 Dharmesh Shah recommended to keep stoploss at Rs 769
The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 18683.59 Crore) operating in Cement sector.

The Ramco Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 5014.51 Crore to Sales Value (97.43 % of Total Sales), Other Operating Revenue which contributed Rs 74.40 Crore to Sales Value (1.44 % of Total Sales), Dry Mortar Mix which contributed Rs 29.72 Crore to Sales Value (0.57 % of Total Sales), Ready Mix Concrete which contributed Rs 15.97 Crore to Sales Value (0.31 % of Total Sales), Scrap which contributed Rs 11.63 Crore to Sales Value (0.22 % of Total Sales) and Clinker which contributed Rs .04 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1282.35 Crore, down -4.91 % from last quarter Sales of Rs 1348.57 Crore and up 12.36 % from last year same quarter Sales of Rs 1141.26 Crore Company has reported net profit after tax of Rs 170.10 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.M S Krishnan, Mr.P R Venketrama Raja, Mr.R S Agarwal. Company has SRSV & Associates as its auditoRs As on 30-09-2019, the company has a total of 235,576,780 shares outstanding.

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