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Ramco CementsNSE:RAMCOCEM +0.65%80 Debt-to-Equity is 0.48 as of Mar. 2026, which is 16% below its 10-year median of 0.57. GuruFocus rates NSE:RAMCOCEM with a GF Score™ of 80/100 and a GF Value™ of ₹983.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 366 Building Materials companies, Ramco Cements ranks worse than 59.56% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ramco Cements's Debt-to-Equity or its related term are showing as below:
NSE:RAMCOCEM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.57 Max: 0.68
Current: 0.48
During the past 13 years, the highest Debt-to-Equity Ratio of Ramco Cements was 0.68. The lowest was 0.27. And the median was 0.57.
NSE:RAMCOCEM's Debt-to-Equity is ranked worse than 59.56% of 366
companies
in the Building Materials industry
Industry Median: 0.355
vs NSE:RAMCOCEM: 0.48
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ramco Cements Debt-to-Equity Related Terms
Ramco Cements Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ramco Cements's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:RAMCOCEM vs CRH, VMC, MLM: Debt-to-Equity Comparison
For the Building Materials subindustry, Ramco Cements's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ramco Cements Debt-to-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ramco Cements's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ramco Cements's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ramco Cements (NSE:RAMCOCEM) has a Debt-to-Equity of 0.48 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ramco Cements and its competitors. This is 16% below median its historical median of 0.57. Over the past decade, Ramco Cements' Debt-to-Equity has ranged from 0.27 to 0.68. According to the industry distribution chart, Ramco Cements ranks #218 out of 366 companies in the Building Materials industry, placing it in the top 59.6%.
Is Ramco Cements' Debt-to-Equity too high?
Ramco Cements' current Debt-to-Equity of 0.48 is 16% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.68. The Building Materials industry median Debt-to-Equity is 0.36. Ramco Cements' value of 0.48 is 35.2% above this industry median. Based on the distribution chart, Ramco Cements ranks #218 out of 366 companies in the Building Materials industry, which is below the industry midpoint. Overall, Ramco Cements has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ramco Cements' Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ramco Cements ranks #218 out of 366 companies for Debt-to-Equity. This places Ramco Cements in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Ramco Cements' value of 0.48 is 35.2% above this benchmark. Historically, Ramco Cements' own Debt-to-Equity has ranged from 0.27 to 0.68 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.36, Ramco Cements has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Building Materials company?
The median Debt-to-Equity among Building Materials companies is 0.36, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramco Cements's current Debt-to-Equity of 0.48 is 35.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ramco Cements and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Cements's current Debt-to-Equity is 0.48, which is 16% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Cements stock overvalued right now?
Based on GuruFocus' analysis, Ramco Cements (NSE:RAMCOCEM) is currently considered Fairly Valued. The stock's GF Value™ is ₹983.57, compared to a current price of ₹925.80 — trading 5.9% below its estimated fair value. The current Debt-to-Equity is 0.48, which is 16% below median its 10-year median of 0.57 and 35.2% above the Building Materials industry median of 0.36. Ramco Cements' overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ramco Cements (NSE:RAMCOCEM), the current Debt-to-Equity is 0.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ramco Cements (NSE:RAMCOCEM) Overvalued in 2026?
Based on GuruFocus' analysis, Ramco Cements stock appears to be undervalued.
The current stock price of ₹925.80 is trading 5.9% below its estimated GF Value™ of ₹983.57.
GuruFocus considers Ramco Cements to be Fairly Valued.
Key valuation signals for NSE:RAMCOCEM:
Debt-to-Equity: 0.48 (16% below median its 10-year median of 0.57)
GF Value™: ₹983.57 vs. price of ₹925.80 (5.9% below fair value)
Industry Position: 35.2% above the Building Materials median (#218 of 366)
No single metric tells the full story. See the NSE:RAMCOCEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramco Cements Ltd, part of Ramco Group, is a producer of Portland cement. The company owns grinding units and packing terminals, as well as integrated cement plants. Its cement is sold under the Ramco Supergrade brand in India. Other products include ready-mix concrete and dry-mortar products. Ramco Cements also operates wind farms in India.
80GF Score
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