NCLIND vs RAMCOCEM: Stock Comparison
THE RAMCO CEMENTS is the larger company by market capitalisation. NCL INDUSTRIES shows a lower P/E, a higher ROE and a higher dividend yield, while THE RAMCO CEMENTS shows a higher net margin. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
NCLIND leads 9; RAMCOCEM leads 2 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Sector | Construction Materials | Construction Materials |
| Industry | Cement & Cement Products | Cement & Cement Products |
Price
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Live Price | ₹160.01 | ₹719.15 |
| Day Change | -0.64% | -1.45% |
| Volume | 1,193 | 8,411 |
| 52-Week High | ₹214.8 | ₹1,214.5 |
| 52-Week Low | ₹147.5 | ₹721.3 |
| Distance from 52W High | -25.51% | -40.79% |
Valuation
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Market Cap | ₹727 Cr | ₹17,041 Cr |
| P/E Ratio | 7.86x | 26.6x |
| P/B Ratio | 0.77x | 2.12x |
| EPS | ₹3.84 | ₹1.32 |
| Book Value | ₹207.86 | ₹342.54 |
| Dividend Yield | 2.18% | 0.34% |
Growth
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Revenue Growth (TTM YoY) | 62.2% | 8.9% |
| EPS Growth (TTM YoY) | 562.8% | 452.1% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| ROE | 12.71% | 8.52% |
| ROCE | 12.9% | 9.1% |
| Net Margin | 6.69% | 7.06% |
| Operating Margin | 10.61% | 14.41% |
| Debt to Equity | 0.25x | 0.47x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Promoter Holding | 42.43%▲ 0.83 pp | 42.56% |
| FII Holding | 3.42%▼ 0.03 pp | 7.18%▼ 0.34 pp |
| DII Holding | 0.03% | 30.06%▲ 0.56 pp |
| Public Holding | 54.05%▼ 0.79 pp | 16.81%▼ 0.23 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: NCL INDUSTRIES and THE RAMCO CEMENTS.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

