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 10; RAMCOCEM leads 3 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 | ₹175.05 | ₹866.65 |
| Day Change | -1.72% | -0.36% |
| Volume | 60,944 | 3.02 L |
| 52-Week High | ₹215.22 | ₹1,214.5 |
| 52-Week Low | ₹147.5 | ₹838.3 |
| Distance from 52W High | -18.66% | -28.64% |
Valuation
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Market Cap | ₹792 Cr | ₹20,489 Cr |
| P/E Ratio | 8.73x | 31.77x |
| P/B Ratio | 0.86x | 2.53x |
| EPS | ₹3.81 | ₹1.35 |
| Book Value | ₹207.86 | ₹342.54 |
| Dividend Yield | 2% | 0.29% |
Growth
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Revenue Growth (TTM YoY) | 62.2% | 8.9% |
| EPS Growth (TTM YoY) | 562.8% | 452.1% |
| Qtr Sales Growth | 0% | -0.18% |
| Qtr Profit Growth | -0.8% | 1.98% |
Profitability & Leverage
| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| ROE | 13.16% | 8.63% |
| ROCE | 12.01% | 9.29% |
| Net Margin | 6.69% | 7.06% |
| Operating Margin | 10.99% | 14.29% |
| Debt to Equity | 0.25x | 0.48x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | NCLIND | RAMCOCEM |
|---|---|---|
| Promoter Holding | 41.6%▲ 0.11 pp | 42.56% |
| FII Holding | 3.45%▼ 0.42 pp | 7.52%▼ 0.52 pp |
| DII Holding | 0.03%▼ 0.16 pp | 29.5%▲ 0.58 pp |
| Public Holding | 54.84%▲ 0.47 pp | 17.04%▼ 0.07 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.

