ICICI Direct has given Buy recommendation for Ramco Cements recommended buy rating on the stock with a target price of Rs 1130 in its research rep with a target price of Rs. 1130 in its research report issued on Jan 25, 2022
ICICI Direct’s research report on Ramco Cements
Ramco Cements is the dominant player in South India with cement capacity of 19.4 MT spread across Tamil Nadu, Andhra Pradesh, Odisha and West Bengal. In terms of sales, South contributes ~71% of sales while East contribute 24%, which is served via grinding units in WB (2 MT) and AP (2 MT). The company also has windmill capacity of 166 MW, captive thermal power plants of 175 MW and 18 MW of WHRS • Self-reliance on power, split grinding units near markets and focus on green power has helped the company to remain a cost efficient player in South India.