Anand Rathi has given Buy recommendation for Ramco Cements with a target price of Rs. 1226 in its research report issued on Oct 26, 2021

Anand Rathi’s research report on Ramco Cements

Outpacing our estimates, Ramco’s volumes were firm. Still rising costs took a toll on its operating performance. While the near-term cost-rise continuing is uncertain, the greater share of green energy, plant modernisation and price hikes would provide the necessary boost. The delevering will be subject to WC needs and growth capex.


We maintain our Buy rating, with a higher target price of Rs.1,226 (earlier Rs.1,205).

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