RAMCOCEMThe Ramco Cements Limited Forensic Risk Analysis

Cement & Cement Products
Risk ClassWatch
Market Cap₹25,780 Cr
Primary DriverCompetitive Position
Flagium AI Risk Score
Early signs of stress detected. Not yet widespread, but initial deterioration is visible.
22 / 100
-5 QoQ
Improving
Sentinel Insight

Financial profile remains stable for now. Pressure is receding in competitive position. This suggests the risk profile is currently stabilizing. Risk levels are improving.

62.1th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹871.4▲0.73%
PeriodQ4 FY26

Score Waterfall
Absolute contribution points of each forensic pillar to the final risk score. Derived from: Sector Baseline + Active Penalties - Mitigation Buffers.

Competitive Position
+10.6 pts
Stability Adjustment
+11.0 pts
Final Composite Risk22 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 6 → 22 over 13 quarters.

Expected Direction
🟢 Improving
Primary Deterioration Drivers
  • Margin Compression
  • Inventory Stress
  • Industrial Margin Stress
What to Watch Next Quarter
  • Operating profit margins
  • Inventory turnover
  • Working capital efficiency

Active Risk Objects (9)

CriticalHigh
Margin Compression
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumDecaying
Last SignalQ4 FY2025
Operating margin declined by 5.0 bps YoY for two consecutive quarters.

"Operating efficiency is stabilizing. The rate of margin deterioration has slowed."

Industrial Margin Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight12/15
MomentumDecaying
Last SignalQ4 FY2025
RAMCOCEM: EBITDA margin compressed by 3.2 bps YoY.

"Operating efficiency is stabilizing. The rate of margin deterioration has slowed."

Capex Efficiency Stress
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight8/15
MomentumAccelerating
Last SignalQ2 FY2026
Aggressive Capex (26.7%) amidst slow revenue growth (9.3%).

"Earnings quality is under severe pressure. High accruals suggest potential revenue overstatement."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 3 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ4 FY2025
RAMCOCEM: Net Profit collapsed by 80.0% from FY2024 Q4 to FY2025 Q4.

"Earnings quality is stabilizing. The reliance on non-operational items is receding."

Inventory Stress
📊 Earnings QualityAnnualActive for 1 Years
More Detail
Impact Weight15/15
MomentumDecaying
Last SignalQ2 FY2025
Inventory growth (14.4%) significantly outpaced revenue growth (-12.7%).

"Inventory overhang is clearing. Stock levels are normalizing as sales momentum returns."

Negative FCF Streak
⚖️ Governance SignalsAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumDecaying
Last SignalFY2024
RAMCOCEM: Negative Free Cash Flow for last 3 consecutive years.

"Free cash flow pressure is easing as capital intensity or working capital stress recedes."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight12/15
MomentumPersistent
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (12.8%).

"Early signs of earnings quality decay. Profitability is being driven by non-core items."

Working Capital Expansion
💧 Liquidity & CoverageAnnualActive for 2 Years
More Detail
Impact Weight10/15
MomentumDecaying
Last SignalQ2 FY2025
Working capital expansion detected: Receivable days increased by 39.5%.

"Working capital pressure is receding. Cash previously locked in operations is being released."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 8 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ2 FY2026
RAMCOCEM: Low Interest Coverage Ratio of 1.90x in FY2026 Q2 (Threshold: 2.5x).

"The ability to cover interest is strengthening as earnings improve or debt is retired."

Risk Trajectory
Historical 12-quarter risk trend (Q-11 to Q0) followed by a 2-quarter predictive funnel (Q+1, Q+2).
Loading Chart
Resilience Matrix
Diagnostic benchmarking comparing structural sensitivity and risk buffers against sector medians.
MetricValuevs SectorSignal
Volatility (σ)510.50✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+44.0+51.0📈 CRITICAL
Forensic Benchmark Context: Cement & Cement Products (n=30 peers)

Correlation Analysis
Visualizing the relationship between stock price movement and structural risk objects.

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹871.4(+0.73%)
1M Divergence-9.08%
1 Week-2.27%
1 Month-6.81%
6 Months-14.18%
1 Year-11.56%
2 Year+18.04%
3 Year-4.08%
Sector Average (1M)+2.27%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Early Signals and currently improving. Recent structural triggers in competitive position suggest a building pressure on the underlying framework. Material forensic traces are visible in core structural metrics, indicating a progressive erosion of structural stability. Initial structural recovery is visible; monitor for a sustained return to resilience.

RAMCOCEM • MARKET STRUCTURE

Stage 4 — Declining

The company is in a defensive phase. Sentiment and fundamentals are deteriorating under persistent downward pressure, indicating elevated risk levels.

Stage Transition Prob.0%
Trend QualityDeteriorating
Phase Progression
Phase Progression Score7.5%
Readiness LabelLow (Early Base Consolidation)
Probability of Advancing0%
CoinTree Momentum
Composite Z-Score-0.8112σ
Weakening momentum trend
Universe Rank
A cross-sectional rank of this stock's composite momentum score compared to all other tracked equities in the universe. A rank of #1 of 1035 means it has the strongest overall price momentum in the market.
#2421 of 2716
Top 89.14% in momentum strength
Timeframe Sparklines
1W-2.3%
1M-6.8%
6M-14.2%
Weinstein Indicators
150 DMA₹1,021.47
200 DMA₹1,027.3
150 DMA Slope-1.2952%Declining
Relative Strength-9.80%Lagging
Relative Turnover (RTR)0.9267
ParticipationNeutral

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (15).
ACLAndhra Cements Limited
15 Risk
Sector %ile38th
Delta-5
Active Flags20
Accel+0
Balance Sheet Stress

Stable

RAMCOCEMThe Ramco Cements Limited
22 Risk
Sector %ile62th
Delta-5
Active Flags9
Accel+0
Competitive Position

Watch

ACCACC Limited
35 Risk
Sector %ile93th
Delta+25
Active Flags13
Accel+1
Earnings Quality

Watch

PRSMJOHNSNPrism Johnson Limited
35 Risk
Sector %ile93th
Delta+15
Active Flags21
Accel+1
Competitive Position

Watch

* Peer comparison is based on risk signals, not valuation or returns.

Risk Profiles

Solvency
10100th %ile
VS Sector Median (8.5)
Governance
10100th %ile
VS Sector Median (8.5)
Earnings Quality
10100th %ile
VS Sector Median (8.5)
Balance Sheet Stress
10100th %ile
VS Sector Median (8.5)
Competitive Position
329.6th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Relative Growth Weakness

2026

Relative Growth Weakness

2026

Relative Growth Weakness

2026

Capex Efficiency Stress

2026

Relative Growth Weakness

2025

Margin Compression

2025

Industrial Margin Stress

2025

Inventory Stress

2025

Working Capital Expansion

2025

Capex Efficiency Stress

2024

Industrial Margin Stress

2024

Working Capital Expansion

2024

Negative FCF Streak

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20269,0706991,6113,852
FY20258,5602701,3994,652
FY20249,4153561,9064,917
FY20238,1903151,4124,487