Equity Research Report – Cement
-Product & Building Material
Recommendation - Buy
Hold for 1 years
Target: 400 Rs.
DATE: 16/10/2017
By Kamlesh Bavrva
Company Overview:
§ Ramco Industries Limited
was founded in 1965 and set up its first plant at Arakkonam, Tamil Nadu for the
manufacture of fibre cement roofing sheets with a production capacity of 36,000
tons per annum.
§ Ramco Industries Limited
is part of the US$ 1 billion Ramco Group with interests in Cement, Dry Wall
& Ceiling products, Roofing products, Cotton yarn, Surgical cotton and
Computer Software.
§ With 12 plants across
South Asia and a 8,000 strong partner network, Ramco Industries is one of the
leading building materials manufacturers in South Asia having combined
production capacity of 10,00,000 tons per annum.
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