Ramco Cements Limited plans for total capital expenditure (capex) of Rs 12- 13 billion in the next two years to expand the capacity.
Its net debt stood at Rs 38 billion as of FY22, and it plans to repay Rs 500 crore debt in FY23. The company aims to become net debt-free by FY26 if no other major capex is planned.
The company’s near-term scenario could sharply raise inflation costs and lag cement price increase. The average Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) per tonne of the past 10-12 years can be a sustainable profitability range.
Cement stocks have been hit recently due to a decline in demand and rising input prices for the sector.
Contact: Ramco Cements
Tel: 044 – 2847 8666
Website: www.ramcocements.in
Images Source: Google Images
