Ramco Cements Limited (NSE:RAMCOCEM)

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Price: 1 000.05 INR 1.41%

Market Cap: 236.3B INR

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Section:

Relative Value

The Relative Value of one RAMCOCEM stock under the Base Case scenario is 1 378.48 INR. Compared to the current market price of 1 000.05 INR, Ramco Cements Limited is Undervalued by 27%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

RAMCOCEM Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

2.6

P/S

vs History	44
vs Industry	20

Median 5Y

2.7

Industry

0.8

Forward

2.4

More Details

85.5

P/E

vs History	0
vs Industry	8

Median 5Y

31.2

Industry

15.3

Forward

52.6

More Details

15.4

P/OCF

vs History	22
vs Industry	29

Median 5Y

13.8

Industry

8.9

More Details

233.7

P/FCFE

vs History	38
vs Industry	2

Median 5Y

173

Industry

13.1

More Details

3.3

P/B

vs History	33
vs Industry	18

Median 5Y

3.1

Industry

1.2

More Details

3.1

EV/S

vs History	44
vs Industry	19

Median 5Y

3.1

Industry

Forward

2.8

More Details

5.5

EV/GP

vs History	41
vs Industry	47

Median 5Y

5.6

Industry

5.2

More Details

18.9

EV/EBITDA

vs History	17
vs Industry	23

Median 5Y

17.2

Industry

9.7

Forward

17.2

More Details

35.2

EV/EBIT

vs History	1
vs Industry	15

Median 5Y

24.4

Industry

12.4

Forward

28.7

More Details

17.9

EV/OCF

vs History	20
vs Industry	28

Median 5Y

15.6

Industry

10.1

More Details

EV/FCFF

vs History	19
vs Industry	3

Median 5Y

-30

Industry

12.6

More Details

1.8

EV/IC

vs History	41
vs Industry	21

Median 5Y

1.8

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
IN		Ramco Cements Limited NSE:RAMCOCEM	236.3B INR	2.6	85.5	18.9	35.2
IE	C	CRH PLC NYSE:CRH	63.8B USD	1	10.7	7	8.8
CH		Holcim AG SIX:HOLN	48.9B CHF	1.8	16.3	8.5	12.7
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	3.3T INR	4.7	50.5	26.6	36.4
US		Vulcan Materials Co NYSE:VMC	34.8B USD	4.7	41.1	19	27.6
US		Martin Marietta Materials Inc NYSE:MLM	32.5B USD	5	16.4	18.2	25.1
DE		HeidelbergCement AG XETRA:HEI	21.7B EUR	0.8	2.9	2.6	3
IN		Grasim Industries Ltd NSE:GRASIM	1.7T INR	1.3	38.3	9.9	12.1
CN		Anhui Conch Cement Co Ltd SSE:600585	127.2B CNY	1.2	18.3	10.4	10.4
IN		Ambuja Cements Ltd NSE:AMBUJACEM	1.4T INR	4.1	45.6	21.4	31.7
DE	H	Heidelberg Materials AG XMUN:HEI	13.8B EUR	0.5	1.8	1.8	2.1

				Revenue Growth	P/S to Growth
IN		Ramco Cements Limited NSE:RAMCOCEM	Average P/S: 2.5 2.6	26%	0.1
IE	C	CRH PLC NYSE:CRH	1	18%	0.1
CH		Holcim AG SIX:HOLN	1.8	11%	0.2
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	4.7	37%	0.1
US		Vulcan Materials Co NYSE:VMC	4.7	13%	0.4
US		Martin Marietta Materials Inc NYSE:MLM	5	17%	0.3
DE		HeidelbergCement AG XETRA:HEI	0.8	9%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	1.3	40%	0
CN		Anhui Conch Cement Co Ltd SSE:600585	1.2	-2%	N/A
IN		Ambuja Cements Ltd NSE:AMBUJACEM	4.1	52%	0.1
DE	H	Heidelberg Materials AG XMUN:HEI	0.5	9%	0.1

				Earnings Growth	P/E to Growth
IN		Ramco Cements Limited NSE:RAMCOCEM	Average P/E: 29.8 85.5	135%	0.6
IE	C	CRH PLC NYSE:CRH	10.7	55%	0.2
CH		Holcim AG SIX:HOLN	16.3	34%	0.5
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	50.5	67%	0.8
US		Vulcan Materials Co NYSE:VMC	41.1	51%	0.8
US		Martin Marietta Materials Inc NYSE:MLM	16.4	26%	0.6
DE		HeidelbergCement AG XETRA:HEI	2.9	26%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	38.3	77%	0.5
CN		Anhui Conch Cement Co Ltd SSE:600585	18.3	3%	6.7
IN		Ambuja Cements Ltd NSE:AMBUJACEM	45.6	64%	0.7
DE	H	Heidelberg Materials AG XMUN:HEI	1.8	26%	0.1

				EBITDA Growth	EV/EBITDA to Growth
IN		Ramco Cements Limited NSE:RAMCOCEM	Average EV/EBITDA: 13.1 18.9	48%	0.4
IE	C	CRH PLC NYSE:CRH	7	35%	0.2
CH		Holcim AG SIX:HOLN	8.5	22%	0.4
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	26.6	62%	0.4
US		Vulcan Materials Co NYSE:VMC	19	30%	0.6
US		Martin Marietta Materials Inc NYSE:MLM	18.2	23%	0.8
DE		HeidelbergCement AG XETRA:HEI	2.6	29%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	9.9	44%	0.2
CN		Anhui Conch Cement Co Ltd SSE:600585	10.4	77%	0.1
IN		Ambuja Cements Ltd NSE:AMBUJACEM	21.4	80%	0.3
DE	H	Heidelberg Materials AG XMUN:HEI	1.8	29%	0.1

				EBIT Growth	EV/EBIT to Growth
IN		Ramco Cements Limited NSE:RAMCOCEM	Average EV/EBIT: 18.7 35.2	69%	0.5
IE	C	CRH PLC NYSE:CRH	8.8	42%	0.2
CH		Holcim AG SIX:HOLN	12.7	35%	0.4
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	36.4	67%	0.5
US		Vulcan Materials Co NYSE:VMC	27.6	40%	0.7
US		Martin Marietta Materials Inc NYSE:MLM	25.1	22%	1.1
DE		HeidelbergCement AG XETRA:HEI	3	40%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	12.1	83%	0.1
CN		Anhui Conch Cement Co Ltd SSE:600585	10.4	6%	1.6
IN		Ambuja Cements Ltd NSE:AMBUJACEM	31.7	79%	0.4
DE	H	Heidelberg Materials AG XMUN:HEI	2.1	40%	0.1

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Ramco Cements Limited
NSE:RAMCOCEM

Relative Value

Valuation Multiples

Multiples Across Competitors

RAMCOCEM Competitors Multiples
Ramco Cements Limited Competitors

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Company

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52 Week Range	730.9 1 047.65
Price Target

Ramco Cements Limited NSE:RAMCOCEM

Relative Value

Valuation Multiples

Multiples Across Competitors

RAMCOCEM Competitors Multiples Ramco Cements Limited Competitors

See Also

Company

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Ramco Cements Limited
NSE:RAMCOCEM

RAMCOCEM Competitors Multiples
Ramco Cements Limited Competitors