The Ramco Cements (RAMCOCEM) — concall transcript

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FY25 free cash flow of Rs.1,700 Crores to fund capex; net debt capped at Rs.5,000 Crores; volume target of 19-20 million tons for FY25; Rs.750 Crores capex for Kurnool line two in FY25.

💡 Investor Takeaway
The company is aggressively expanding capacity while managing leverage, targeting higher margins and volume growth through premium products and strategic capex.

Ramco Cements reported a 10% YoY rise in cement sales and 27% premium product share, driving EBITDA up 37% to Rs.402 Crores with 19% margin. Management raised FY2024 capex to Rs.2,000 Crores and projects FY25 free cash flow of Rs.1,700 Crores to cap net debt at Rs.5,000 Crores. Volume guidance for FY2025 stands at 19-20 million tons, with Q4 volumes at 5 million tons. Capex allocation includes Rs.750 Crores for Kurnool line two, Rs.200 Crores for Bommanahalli land, Rs.300 Crores for maintenance, and Rs.150 Crores for RR Nagar WHRS. Net debt was Rs.4,993 Crores as of December 31, 2023, with a net debt/EBITDA ratio of 3.22x.

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About The Ramco Cements Ltd (RAMCOCEM)

Construction Materials · Cement · Listed on BSE

Market Cap: ₹20,392.03 Cr P/E: 31.6 ROE: 7.9% ROCE: 10.1% Div Yield: 0.29%

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"What is the expected EBITDA margin trajectory for FY25?" "How will the Kurnool line two project impact overall capacity utilization?" "What is the timeline for completing the Bommanahalli land acquisition?"

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🔥 Also filed on 31 December 2023

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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