Reviews

THE RAMCO CEMENTS LTD 

Ticker : 500260
FV: Rs. 1
52-Week H/L: Rs. 869.45/553.55

We had previously recommended Ramco Cements in volume no. 36, issue no. 02 (dated November 4, 2019), when the scrip was trading at Rs 784, based on a strong growth potential and improved financials. Looking at the consolidate quarterly trends, net sales stood at Rs 1,282.35 crore, up by 12.36 per cent in Q2FY20 as compared to Rs 1,141.26 crore in Q2FY19. Profit before Interest, Depreciation and Tax (PBIDT) for Q2FY20 was reported at Rs 300.07 crore, posting a growth of 17.87 per cent from Rs 254.58 crore in Q2FY19. Net profit grew by 43.86 per cent as it stood at Rs 170 crore in Q2FY19 as compared to Rs 118.24 crore gained in Q2FY19. The company has been looking to store expansion and diversification opportunities. We have recommended our investors to BOOK PROFIT on January 23, 2020.