Ramco Cements Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27

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.

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.

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.