Ramco Cements Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- July 3, 2026
- Posted by: Lakshit Sharma
- Category: News
Ramco Cements Rs 845.00 (7 Oct 2026 close). 52-week range Rs 816.15 to Rs 1,214.50. Q1 FY27 revenue Rs 2,269 cr, up 9.6%; profit Rs 31.9 cr, down 63%; EBITDA per tonne Rs 681.
Quick Answer
The Ramco Cements share price target for 2026 is Rs 750 to Rs 930, which is between 11 percent below and 10 percent above the last close of Rs 845.00, with bull and bear cases of Rs 1,120 to Rs 1,280 and Rs 360 to Rs 432. Ramco Cements reported Q1 FY27 standalone revenue up 9.6 percent to Rs 2,269 crore and cement volume up 12 percent to 4.48 million tonnes, but net profit fell 63 percent to Rs 31.86 crore and EBITDA per tonne fell to Rs 681 from Rs 981. Realisations fell about 5 percent, fuel and packing costs rose, a Tamil Nadu mineral-bearing land tax added Rs 84 a tonne, and the stock trades near its 52-week low at 31 times trailing earnings. No brokerage price target was available on the sources we track as of 7 October 2026, so every range below is a Univest research scenario.
The Ramco Cements share price target for 2026 is Rs 750 to Rs 930 in the Univest base case, with the stock at Rs 845.00 at the 7 October 2026 close. That is 30.4 percent below its 52-week high of Rs 1,214.50 and 3.5 percent above its 52-week low of Rs 816.15, and the stock moved down 17.0 percent over the past year. Ramco Cements is a Chennai-based cement maker serving South and East India, with dry mix, construction chemicals and wind power. Debt to equity is 0.48 and the dividend yield is 0.30 percent.
Three things changed since the last update: Q1 FY27 results on 7 August showed profit down 63 percent, the stock spiked to Rs 989 in the week of 10 August and closed at Rs 907, and it hit a 52-week low of Rs 816.15 in the week of 28 September. This Ramco Cements stock analysis covers the Ramco Cements share price today, the Ramco Cements share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Ramco Cements buy or sell view.
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What Is the Ramco Cements Share Price Target for 2026?
The 2026 target for Ramco Cements shares is Rs 750 to Rs 930 in the Univest base case, which is -11.2% to +10.1% against the last close. The bull case is Rs 1,120 to Rs 1,280 and the bear case is Rs 360 to Rs 432. No brokerage price target was available on the sources we track as of 7 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Ramco Cements Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 845.00 |
|---|---|---|---|---|
| Bull Case | Rs 40 | 28x to 32x | 1,120 to 1,280 | +32.5% to +51.5% |
| Base Case | Rs 30 | 25x to 31x | 750 to 930 | -11.2% to +10.1% |
| Bear Case | Rs 18 | 20x to 24x | 360 to 432 | -57.4% to -48.9% |
FY28 EPS of Rs 30 in the base case compares with trailing EPS of Rs 27.32, which includes a large Q4 land sale gain, and Q1 EPS of about Rs 1.35, and assumes realisations recover and EBITDA per tonne moves back toward Rs 900. Cement producers trade at 25 to 31 times earnings, and the stock trades at about 28 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Ramco Cements share price target range around the current price.
Ramco Cements Company Overview and Share Price Today as of 7 October 2026
Ramco Cements share price today is Rs 845.00 on the NSE at the 7 October 2026 close, before the market opens on 8 October. The market capitalisation is Rs 19,945 crore, and the stock trades at 30.9 times trailing earnings, which include a Q4 land sale gain, against an industry average of 29.8 times. The Univest base case Ramco Cements share price target of Rs 750 to Rs 930 is -11.2% to +10.1% from here. The table below sets out the key numbers behind the Ramco Cements share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RAMCOCEM | BSE code 500260 |
| Sector | Cement | Per Univest sector classification |
| Last Close (NSE) | Rs 845.00 | 7 Oct 2026 close |
| 52-Week High | Rs 1,214.50 | CMP is 30.4% below |
| 52-Week Low | Rs 816.15 | CMP is 3.5% above |
| 1-Year Return | About -17% | Weekly close Rs 1018.65 on 10 Oct 2025 to Rs 845 |
| Market Capitalisation | Rs 19,945 crore | Mid cap cement company |
| Trailing P/E | About 30.9x | Industry P/E about 29.81x |
| P/B Ratio | About 2.46x | Book value Rs 342.52 per share |
| EPS (TTM) | Rs 27.32 | Trailing twelve months |
| Return on Equity | About 3.2% | Debt to equity 0.48 |
| Dividend Yield | About 0.30% | Dividend of Rs 2.50 recommended for FY26 |
| 12-Month Target (Base Case) | Rs 750 to Rs 930 | Univest base case |
| Bull Case | Rs 1,120 to Rs 1,280 | +32.5% to +51.5% |
| Bear Case | Rs 360 to Rs 432 | -57.4% to -48.9% |
Track live price, fundamentals and results for Ramco Cements on the Univest Screener.
How Did Ramco Cements Perform in Q1 FY27?
Ramco Cements reported Q1 FY27 standalone revenue from operations of Rs 2,268.97 crore, up 9.6 percent, and net profit after tax of Rs 31.86 crore, down 63 percent from Rs 86.01 crore. EBITDA fell 22 percent to Rs 314 crore. Together these Q1 FY27 numbers anchor the Ramco Cements share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Revenue from Operations | Rs 2,268.97 crore | Up 9.6% YoY |
| EBITDA | Rs 314 crore | Down 22% from Rs 404 crore |
| EBITDA Margin | 13.5% | Against 19.2% a year ago |
| EBITDA per Tonne | Rs 681 | Against Rs 981 |
| Cement Volume | 4.48 million tonnes | Up 12%; utilisation 70% |
| Net Profit | Rs 31.86 crore | Down 63%; consolidated Rs 31.24 crore |
Profit before exceptional items fell to Rs 28.93 crore from Rs 116.47 crore, and an exceptional gain of Rs 12.62 crore from the sale of non-core assets lifted the reported figure. The company recommended a Rs 2.50 dividend for FY26, with the AGM on 20 August. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Ramco Cements share price target.
Why Is Ramco Cements Share Price Down 30 Percent From Its High?
Ramco Cements shares are about 30 percent below the Rs 1,214.50 high of the week of 9 February 2026 and down 17 percent in a year. The stock fell 10.4 percent in the week of 9 March and 5.3 percent the following week as cement prices and costs worsened.
After Q1 results it spiked to Rs 989.30 in the week of 10 August on 27.9 lakh shares and closed at Rs 907, then made lower weekly closes on most weeks to a 52-week low of Rs 816.15 in the week of 28 September. It closed at Rs 845, about 3.5 percent above that low. The Ramco Cements share price target scenarios below account for that move.
Key Catalysts for the Ramco Cements Share Price Target in 2026
4 catalysts matter most for the Ramco Cements share price target, and sector tailwinds in Cement are part of the case. Together they decide whether the base case is reached.
1. Volume Growth
Cement volume grew 12 percent to 4.48 million tonnes. Utilisation of 70 percent leaves room to grow. If it plays out, the Ramco Cements share price target moves toward the top of the base range.
2. Construction Chemicals
Construction chemicals volume rose 13 percent to 1.35 lakh tonnes. This adds a higher-margin line. Strength here would support the upper end of the Ramco Cements share price target.
3. Interest Cost Down
Interest cost fell 9 percent and cash profit was Rs 228 crore. Lower debt cost helps profit. Delivery on this point keeps the Ramco Cements share price target on track.
4. Asset Sales
Non-core asset sales gave an exceptional gain of Rs 12.62 crore. Sales fund debt reduction. Better news here would lift the Ramco Cements share price target toward the bull case.
What Are the Key Risks to the Ramco Cements Share Price Target?
The main risks are weak cement prices, high fuel cost, new state taxes and capex burden. Each can pull the Ramco Cements share price target lower.
Weak Cement Prices
Realisations fell about 5 percent. A price war in the South would cut EBITDA per tonne further. If it materialises, the Ramco Cements share price target would slip toward the bear case.
Fuel and Packing Costs
Higher fuel and packing costs lifted operating expenses 17 percent. Costs may stay high. This is the main downside risk to the Ramco Cements share price target.
Mineral Land Tax
The Tamil Nadu tax adds Rs 84 a tonne. Passing it on is hard in a weak market. A worsening here would cut the Ramco Cements share price target toward the low end of the range.
Earnings Reset
A bear case EPS of Rs 18 at 20 times would put the price near Rs 360. Watch it closely, because it can pull the Ramco Cements share price target lower quickly.
Ramco Cements Stock Analysis: Support and Resistance Levels for the Share Price Target
Ramco Cements stock analysis on weekly charts shows a range of Rs 816 to Rs 898 since mid-September, with the stock near the lower end.
The first support level is Rs 816.15 to Rs 823.45, the lows of the weeks of 28 September and 5 October. Below that there is no weekly support, as Rs 816.15 is the 52-week low.
The first resistance level is Rs 850.25 to Rs 869.75, the highs of the weeks of 5 and 28 September. Above that, Rs 881.95 and Rs 898 mark the highs of the weeks of 14 and 21 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Ramco Cements share price target.
Ramco Cements Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Ramco Cements Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 816 and Rs 870. A close above Rs 870 would put Rs 898 in play, while a weekly close under Rs 816 would open a fresh 52-week low. The Q2 FY27 results are the main trigger. This range anchors the near-term Ramco Cements share price target.
12-Month and 2027 Ramco Cements Share Price Target
The 12-month target price is Rs 750 to Rs 930, valued on 25 to 31 times FY28 EPS of Rs 30. The range across scenarios runs from Rs 360 in the bear case to Rs 1,280 in the bull case.
Long-Term Ramco Cements Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 912 to Rs 1,288. This assumes EPS of Rs 38 in FY29 and Rs 46 in FY30 and a multiple of 24 to 28 times. It needs cement realisations to recover, EBITDA per tonne to move back above Rs 900 and the new mineral land tax to be passed through. This is the long-term Ramco Cements share price target in the Univest scenarios.
Bull Case and Bear Case for Ramco Cements Share Price Target
Bull Case Rs 1,120 to Rs 1,280
The bull case of Rs 1,120 to Rs 1,280 for the Ramco Cements share price target needs EPS of Rs 40 and the market to pay 28 to 32 times for it. It is +32.5% to +51.5% from the last close.
Bear Case Rs 360 to Rs 432
The bear case of Rs 360 to Rs 432 for the Ramco Cements share price target equals 20 to 24 times FY28 EPS of Rs 18 and sits below the Rs 816.15 low. It is -57.4% to -48.9% from the last close.
Is Ramco Cements a Good Buy at Rs 845? Ramco Cements Buy or Sell View
Whether Ramco Cements is a buy at Rs 845.00 depends on horizon and risk appetite. The base case sits between 11 percent below and 10 percent above the current price, the stock is near its 52-week low, and the open question is when margin recovers. The Ramco Cements share price target range is the starting point for that decision.
Long-term holders may focus on realisations, EBITDA per tonne and costs, and treat Rs 816 as the level to watch. Short-term traders may prefer to wait for a close above Rs 870. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Ramco Cements buy or sell view is educational.
How to Invest in Ramco Cements Shares
Step 1: Check the live price, valuation and the latest Ramco Cements share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Ramco Cements share price target.
Step 3: Search for RAMCOCEM on the NSE or 500260 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 360 is bearable.
Step 5: Track cement prices, EBITDA per tonne and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Ramco Cements share price target.
Conclusion
Ramco Cements closed at Rs 845.00 against a Univest base case share price target of Rs 750 to Rs 930, a bull case of Rs 1,120 to Rs 1,280 and a bear case of Rs 360 to Rs 432. Q1 FY27 delivered volume up 12 percent but profit down 63 percent with EBITDA per tonne at Rs 681. The main risks are weak prices, fuel cost and the mineral land tax.
The stock is 30.4 percent below its 52-week high, so the base case sits between 11 percent below and 10 percent above the current price. The triggers to watch are cement prices, EBITDA per tonne and Q2 FY27 results and the Rs 816 and Rs 870 levels. Re-check the Ramco Cements share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Ramco Cements live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Ramco Cements Share Price Target 2026
What is the Ramco Cements share price target for 2026?
Ans. The Ramco Cements share price target for 2026 is Rs 750 to Rs 930 in the Univest base case, with a bull case of Rs 1,120 to Rs 1,280 and a bear case of Rs 360 to Rs 432. No brokerage target was available on the sources we track as of 7 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Ramco Cements share price target for 2027?
Ans. The Ramco Cements share price target for 2027 is Rs 750 to Rs 930 in the base case, valued on 25 to 31 times FY28 EPS of Rs 30. The scenario range runs from Rs 360 to Rs 1,280.
Is Ramco Cements a good buy at Rs 845.00?
Ans. Whether Ramco Cements is a good buy at Rs 845.00 depends on your horizon, risk appetite and how you read the Ramco Cements share price target. Volume is growing and the stock is near its low, but margin and profit have fallen sharply and cost pressure continues. Consult a SEBI-registered advisor before investing.
What are the key risks to the Ramco Cements share price target?
Ans. The key risks to the Ramco Cements share price target are weak cement prices, fuel and packing costs, mineral land tax and earnings reset. Realisations fell about 5 percent. A price war in the South would cut EBITDA per tonne further.
What are the key catalysts for the Ramco Cements share price target?
Ans. The key catalysts for the Ramco Cements share price target are volume growth, construction chemicals, interest cost down and asset sales. Cement volume grew 12 percent to 4.48 million tonnes. Utilisation of 70 percent leaves room to grow.
Where can I track Ramco Cements share price today and Ramco Cements share price target updates?
Ans. You can track the live Ramco Cements share price, results and any change to the Ramco Cements share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Ramco Cements’s 52-week high and low?
Ans. Ramco Cements’s 52-week high is Rs 1,214.50 and its 52-week low is Rs 816.15, based on weekly NSE data. At Rs 845.00 the stock is 30.4 percent below the high and 3.5 percent above the low. Both levels frame the Ramco Cements share price target.
How to buy Ramco Cements shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RAMCOCEM on the NSE or 500260 on the BSE, and place a limit order near your entry price, using the Ramco Cements share price target range as a guide. Size the position so a fall to Rs 360 is bearable, and check the live price on the Univest Screener first.