The Ramco Cements Limited (RAMCOCEM) - Net Assets
Based on the latest financial reports, The Ramco Cements Limited (RAMCOCEM) has net assets worth Rs75.71 Billion INR (≈ $818.74 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs165.76 Billion ≈ $1.79 Billion USD) and total liabilities (Rs90.06 Billion ≈ $973.93 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check The Ramco Cements Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs75.71 Billion |
| % of Total Assets | 45.67% |
| Annual Growth Rate | 16.66% |
| 5-Year Change | 29.7% |
| 10-Year Change | 137.48% |
| Growth Volatility | 15.02 |
The Ramco Cements Limited - Net Assets Trend (2004–2025)
This chart illustrates how The Ramco Cements Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of The Ramco Cements Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for The Ramco Cements Limited (2004–2025)
The table below shows the annual net assets of The Ramco Cements Limited from 2004 to 2025. For live valuation and market cap data, see The Ramco Cements Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs74.42 Billion ≈ $804.84 Million |
+2.77% |
| 2024-03-31 | Rs72.41 Billion ≈ $783.14 Million |
+5.44% |
| 2023-03-31 | Rs68.68 Billion ≈ $742.75 Million |
+3.66% |
| 2022-03-31 | Rs66.25 Billion ≈ $716.51 Million |
+15.46% |
| 2021-03-31 | Rs57.38 Billion ≈ $620.54 Million |
+14.60% |
| 2020-03-31 | Rs50.07 Billion ≈ $541.49 Million |
+10.24% |
| 2019-03-31 | Rs45.42 Billion ≈ $491.17 Million |
+10.33% |
| 2018-03-31 | Rs41.17 Billion ≈ $445.20 Million |
+8.41% |
| 2017-03-31 | Rs37.97 Billion ≈ $410.67 Million |
+21.17% |
| 2016-03-31 | Rs31.34 Billion ≈ $338.91 Million |
+19.33% |
| 2015-03-31 | Rs26.26 Billion ≈ $284.02 Million |
+6.79% |
| 2014-03-31 | Rs24.59 Billion ≈ $265.95 Million |
+3.73% |
| 2013-03-31 | Rs23.71 Billion ≈ $256.39 Million |
+15.63% |
| 2012-03-31 | Rs20.50 Billion ≈ $221.74 Million |
+18.21% |
| 2011-03-31 | Rs17.35 Billion ≈ $187.58 Million |
+11.32% |
| 2010-03-31 | Rs15.58 Billion ≈ $168.51 Million |
+23.64% |
| 2009-03-31 | Rs12.60 Billion ≈ $136.29 Million |
+32.12% |
| 2008-03-31 | Rs9.54 Billion ≈ $103.16 Million |
+43.14% |
| 2007-03-31 | Rs6.66 Billion ≈ $72.06 Million |
+69.48% |
| 2006-03-31 | Rs3.93 Billion ≈ $42.52 Million |
+17.42% |
| 2005-03-31 | Rs3.35 Billion ≈ $36.21 Million |
+14.41% |
| 2004-03-31 | Rs2.93 Billion ≈ $31.65 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to The Ramco Cements Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 242.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs769.00 Million | 1.03% |
| Common Stock | Rs236.30 Million | 0.32% |
| Other Comprehensive Income | Rs72.91 Billion | 97.97% |
| Other Components | Rs505.90 Million | 0.68% |
| Total Equity | Rs74.42 Billion | 100.00% |
The Ramco Cements Limited Competitors by Market Cap
The table below lists competitors of The Ramco Cements Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA CONCH VENT. HD -01
F:68C
|
$2.28 Billion |
|
Zhuzhou Times New Material Technology Co Ltd
SHG:600458
|
$2.28 Billion |
|
JOYY Inc
NASDAQ:JOYY
|
$2.28 Billion |
|
ChipMOS Technologies
TW:8150
|
$2.28 Billion |
|
Enterprise Financial Services
NASDAQ:EFSC
|
$2.27 Billion |
|
Insignia Financial Ltd
AU:IFL
|
$2.27 Billion |
|
Jiangxi Lianchuang Opto-electronic Science & Technology Co Ltd
SHG:600363
|
$2.27 Billion |
|
Sociedad Punta del Cobre S.A
SN:PUCOBRE
|
$2.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Ramco Cements Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 72,379,000,000 to 74,416,500,000, a change of 2,037,500,000 (2.8%).
- Net income of 2,726,500,000 contributed positively to equity growth.
- Dividend payments of 591,300,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,485,400,000.
- Other factors decreased equity by 3,583,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.73 Billion | +3.66% |
| Dividends Paid | Rs591.30 Million | -0.79% |
| Other Comprehensive Income | Rs3.49 Billion | +4.68% |
| Other Changes | Rs-3.58 Billion | -4.81% |
| Total Change | Rs- | 2.82% |
Book Value vs Market Value Analysis
This analysis compares The Ramco Cements Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 73.59x to 2.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs12.10 | Rs890.35 | x |
| 2005-03-31 | Rs13.84 | Rs890.35 | x |
| 2006-03-31 | Rs16.25 | Rs890.35 | x |
| 2007-03-31 | Rs27.55 | Rs890.35 | x |
| 2008-03-31 | Rs39.53 | Rs890.35 | x |
| 2009-03-31 | Rs52.96 | Rs890.35 | x |
| 2010-03-31 | Rs65.48 | Rs890.35 | x |
| 2011-03-31 | Rs72.79 | Rs890.35 | x |
| 2012-03-31 | Rs86.04 | Rs890.35 | x |
| 2013-03-31 | Rs99.49 | Rs890.35 | x |
| 2014-03-31 | Rs103.19 | Rs890.35 | x |
| 2015-03-31 | Rs114.14 | Rs890.35 | x |
| 2016-03-31 | Rs135.87 | Rs890.35 | x |
| 2017-03-31 | Rs164.81 | Rs890.35 | x |
| 2018-03-31 | Rs179.43 | Rs890.35 | x |
| 2019-03-31 | Rs198.90 | Rs890.35 | x |
| 2020-03-31 | Rs218.88 | Rs890.35 | x |
| 2021-03-31 | Rs250.73 | Rs890.35 | x |
| 2022-03-31 | Rs289.53 | Rs890.35 | x |
| 2023-03-31 | Rs300.15 | Rs890.35 | x |
| 2024-03-31 | Rs317.20 | Rs890.35 | x |
| 2025-03-31 | Rs314.82 | Rs890.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Ramco Cements Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.20%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.19x
- Recent ROE (3.66%) is below the historical average (16.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.41% | 4.98% | 0.54x | 4.27x | Rs41.33 Million |
| 2005 | 16.70% | 7.83% | 0.52x | 4.13x | Rs224.40 Million |
| 2006 | 20.10% | 8.01% | 0.69x | 3.61x | Rs397.02 Million |
| 2007 | 46.22% | 20.13% | 0.78x | 2.95x | Rs2.41 Billion |
| 2008 | 42.80% | 21.21% | 0.57x | 3.52x | Rs3.13 Billion |
| 2009 | 28.85% | 14.39% | 0.54x | 3.69x | Rs2.37 Billion |
| 2010 | 22.70% | 12.66% | 0.53x | 3.37x | Rs1.98 Billion |
| 2011 | 12.16% | 8.06% | 0.46x | 3.29x | Rs375.25 Million |
| 2012 | 18.78% | 12.02% | 0.53x | 2.95x | Rs1.80 Billion |
| 2013 | 17.03% | 10.51% | 0.59x | 2.73x | Rs1.67 Billion |
| 2014 | 10.01% | 6.62% | 0.54x | 2.78x | Rs2.37 Million |
| 2015 | 9.05% | 6.62% | 0.53x | 2.60x | Rs-258.68 Million |
| 2016 | 17.40% | 15.05% | 0.52x | 2.22x | Rs2.32 Billion |
| 2017 | 17.46% | 16.68% | 0.56x | 1.86x | Rs2.83 Billion |
| 2018 | 13.72% | 12.75% | 0.62x | 1.74x | Rs1.53 Billion |
| 2019 | 11.26% | 9.89% | 0.63x | 1.81x | Rs570.20 Million |
| 2020 | 12.08% | 11.21% | 0.53x | 2.03x | Rs1.04 Billion |
| 2021 | 13.67% | 14.81% | 0.46x | 2.00x | Rs2.10 Billion |
| 2022 | 13.32% | 14.68% | 0.46x | 1.99x | Rs2.20 Billion |
| 2023 | 4.58% | 3.86% | 0.56x | 2.13x | Rs-3.72 Billion |
| 2024 | 4.97% | 3.84% | 0.58x | 2.25x | Rs-3.64 Billion |
| 2025 | 3.66% | 3.20% | 0.52x | 2.19x | Rs-4.72 Billion |
Industry Comparison
This section compares The Ramco Cements Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $167,344,138,563
- Average return on equity (ROE) among peers: 19.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Ramco Cements Limited (RAMCOCEM) | Rs75.71 Billion | 11.41% | 1.19x | $2.28 Billion |
| ACC Limited (ACC) | $163.32 Billion | 14.30% | 0.43x | $2.76 Billion |
| Ambuja Cements Limited (AMBUJACEM) | $387.57 Billion | 5.00% | 0.33x | $11.56 Billion |
| Birla Corporation Limited (BIRLACORPN) | $6.68 Billion | 48.76% | 1.20x | $874.17 Million |
| Dalmia Bharat Limited (DALBHARAT) | $1.48 Million | 67.38% | 0.14x | $3.50 Billion |
| Grasim Industries Limited (GRASIM) | $1.03 Trillion | 4.20% | 1.60x | $23.07 Billion |
| Global Surfaces Limited (GSLSU) | $984.34 Million | 34.47% | 0.62x | $23.16 Million |
| HeidelbergCement India Limited (HEIDELBERG) | $8.47 Billion | 3.64% | 1.90x | $367.63 Million |
| IFGL Refractories Limited (IFGLEXPOR) | $10.05 Billion | 7.88% | 0.42x | $147.26 Million |
| The India Cements Limited (INDIACEM) | $55.54 Billion | 0.90% | 1.10x | $1.29 Billion |
| JK Cement Limited (JKCEMENT) | $15.22 Billion | 11.47% | 1.35x | $4.63 Billion |
About The Ramco Cements Limited
The Ramco Cements Limited manufactures and sells cement and construction Chemicals in India. The company offers blended cements and OPC products; ready mix concrete; and construction chemical products, including waterproofing compound, anchoring grout, micro concrete, bonding agent, plaster and putty, block fix, Tilefix, and Tilegrout. It also provides construction solutions for housing projects,… Read more