Latest news with #TheRamcoCementsLtd
Mint
23-05-2025
- Business
- Mint
A catalyst for Ramco Cements stock is set to play out. But is that enough?
South India-focused The Ramco Cements Ltd had a tough March quarter (Q4FY25). Cement sales volume declined more than expected by around 4% year-on-year to 5.29 million tonnes. The region has seen an increased pace of consolidation lately, and elevated competition for market share gains has kept cement prices under pressure. In fact, according to Nomura Global Markets Research, Ramco is the only major cement producer in its coverage to report a decline in year-on-year volumes in Q4FY25; Ramco's decline was as against 5% year-on-year growth for the industry. 'Blended realization (at ₹4,522 per tonne) came in 4% below our estimate and was flat quarter-on-quarter, as against a 3% improvement quarter-on-quarter for the industry," added the Nomura report. The Ramco management said that at the start of FY26, price hikes of ₹30-35/bag in the trade segment and ₹60-70 per bag in the non-trade segment were implemented in the south. If these sustain, there is a scope of Ramco's realisations to mend. Plus, increased thrust on green energy should help the company manage operating costs better. Here, it is worth noting that the government of Tamil Nadu imposed a new levy – the mineral bearing land tax of Rs160 per tonne of limestone with effect from 4 April 2025. The management expects this to result in additional cost implication of around Rs200 per tonne of cement produced in Tamil Nadu, where Ramco has significant exposure. Cement manufacturers in Tamil Nadu, through industry association, have represented to the government seeking relief, which is under consideration, it added. Also Read: UltraTech Cement set for higher volumes, tighter grip on costs Reducing debt A company-specific monitorable for Ramco is the pace of debt reduction. It is comforting that Ramco is deleveraging by paring non-core assets. Net debt declined sequentially to ₹4,481 crore as of March 2025, aided by proceeds from the disposal of non-core assets. The company has monetized ₹460 crore so far out of its targeted ₹1,000 crore. The management said that it is on track to achieve the target of monetizing non-core assets before July as committed earlier. It expects the key net debt-to-Ebitda ratio to ease to 2.50-2.75x in FY26 from 3.51x in FY25. 'We believe that recent price hikes and ongoing balance sheet deleveraging are key near-term catalysts that could support the stocks' performance," said Motilal Oswal Financial Services Ltd report dated 23 May. However, sustained profitability, disciplined capital allocation, and meaningful market share gains will be critical structural drivers for a more durable re-rating, it added. In this calendar year so far, the Ramco shares have given mere 3% returns. While efforts to reduce debt are encouraging, Ramco's capital expenditure intensity is likely to remain elevated as it adds more capacity. In FY25 Ramco's capex stood at ₹1,024 crore and the management guided for ₹1,200 crore capex for FY26. Ramco is expanding its clinker and grinding capacity by 3.2mtpa and 1.5mtpa respectively at Kolimigundla Line 2 in Andhra Pradesh. Mtpa is million tonnes per annum. It also plans debottlenecking and adding grinding units at existing facilities with minimal capital expenditure. Ramco aims to reach its capacity target of 30 mtpa by March 2026 from 24 mtpa currently. An Antique Stock Broking report dated 23 March points out that Ramco's net debt is likely to remain greater than ₹4,000 crore over FY25–27E even after factoring in the sale of non-core assets worth ₹1,000 crore. 'The Ramco Cements currently trades at around 11.9x FY27 estimated EV/Ebitda and $105 EV/ton. The stock may continue to trade below its historical valuation given lower than historical profitability and higher leverage," added the Antique report. EV is enterprise value. Also Read | Best cement stocks 2025: Demand revival, pricing trends and growth prospects
Mint
23-05-2025
- Business
- Mint
ITC, Sun Pharma to Grasim: Here are 5 stocks that announced dividends with Q4 results
Dividend Stocks: ITC, Sun Pharma, Grasim, The Ramco Cements Ltd and Clean Science and Technology are the five key stocks that announced dividends with Q4 results on Thursday, May 22. ITC Ltd- The Board of ITC recommended a final dividend of ₹ 7.85 per ordinary share, having a face value of ₹ 1/- each, for the financial year ended March 31, 2025, subject to declaration of the same by the members at the AGM. The company's 114th Annual General Meeting (or AGM) is scheduled for Friday, July 25, 2025. If a final dividend is announced, it will be distributed to those members between Monday, July 28, 2025, and Thursday, July 31, 2025. In addition to the ₹ 6.50 per ordinary share interim dividend announced by the board on February 6, 2025, the total dividend for the fiscal year that concluded on March 31, 2025, would be ₹ 14.35. The record date for the ITC dividend was set as Wednesday, May 28, 2025. Sun Pharmaceutical Industries Limited- A final dividend of ₹ 5.50/- per equity share of ₹ l/- (Rupee One only) each is recommended by the Board of Sun Pharma to the shareholders for their approval at the ensuing Annual General Meeting of the company. In order to determine which members are entitled to receive the final dividend, which must be paid by Friday, August 8, 2025, the company has fixed Monday, July 7, 2025, as the record date. Grasim Industries Limited- Subject to shareholder approval at the Grasim's subsequent Annual General Meeting, a dividend of ₹ 10/- per equity share of face value of ₹ 2/- each was recommended for the fiscal year ending March 31, 2025, on fully paid-up and partially paid-up shares in proportion to their share in the paid-up share capital. The Ramco Cements Ltd- The dividend of ₹ 2/- per equity share of face value of ₹ l/- each has been proposed by The Ramco Cements for FY25. Clean Science and Technology Limited- For the fiscal year that concluded on March 31, 2025, a final dividend of ₹ 4 (400%) each equity share with a face value of ₹ 1 each has been proposed by Clean Science and Technology. The members must approve the final dividend at the next Annual General Meeting, which will take place within the allotted time frame.
Mint
23-05-2025
- Business
- Mint
ITC, Sun Pharma to Grasim: Here are 5 stocks that announced dividend with Q4 Res
Dividend Stocks: ITC, Sun Pharma, Grasim , The Ramco Cements Ltd and Clean Science and Technology Limited are the 5 key stocks that announced dividend with Q4 Results ITC Ltd- The Board of ITC recommended Final Dividend off 7.85 per Ordinary Share having face value of ₹ 1/- each for the financial year ended 31st March, 2025, subject to declaration of the same by the members at the AGM. The company's 114th Annual General Meeting (or AGM), is scheduled for Friday, July 25, 2025; If a final dividend is announced, it will be distributed to those members between Monday, July 28, 2025, and Thursday, July 31, are entitled to it., as per ITC release In addition to the 6.50 per ordinary share interim dividend announced by the board on February 6, 2025, the total dividend for the fiscal year that concluded on March 31, 2025, would be 14.35 per ordinary share, or 1/-each. Record date for ITC dividend established Wednesday, May 28, 2025, as the Record Date in order to ascertain Sun Pharmaceutical Industries Limited- A Final dividend of Rs. 5.50/- (Rupees Five and Paise Fifty only) per equity share of Re. l/- (Rupee One only) each is recommended by the Board of SUN Pharma to the shareholders for their approval at the ensuing Annual General Meeting of Sun Pharma Sun Pharma record date- In order to determine which members are entitled to receive the final dividend, which must be paid by Friday, August 8, 2025, if approved at the Annual General Meeting, Monday, July 7, 2025, is set as the Record Date. Grasim Industries Limited- Subject to shareholder approval at the Grasim's subsequent Annual General Meeting (AGM), a dividend of ₹ 10/- (Rupees Ten only) per equity share of face value of ₹ 2/- each was recommended for the fiscal year ending March 31, 2025, on fully paid-up and partially paid-up shares in proportion to their share in the paid-up share capital. The Ramco Cements Ltd- The dividend of Rs.2/- per equity share of face value of Re.l/- each has been proposed by The Ramco Cements for FY25. Clean Science and Technology Limited- For the fiscal year that concluded on March 31, 2025, a final dividend of Rs. 4 (400%) each equity share with a face value of Re. 1 each is proposed by Clean Science and Technology. The members must approve the Final Dividend at the next Annual General Meeting, which will take place within the allotted time frame Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
