Corporate Presentation - Disaster Management & Rehabilitation Initiatives

THE RAMCO CEMENTS S LIMITED YES Market Analysts' view Analyst firm B&K SECURITIES WE UNDERSTAND MONEY Sharekhan by BNP PARIBAS kotak Institutional Equities SECURITIES RAMCO Analyst's comment on Q2FY22 results Date Recommendation Strong volume recovery; cost matrix resilient 25-10-2021 Buy Positive surprise on volume; focus shift to pricing 25-10-2021 Buy Strong quarter 25-10-2021 Sell Spreading its wings beyond South 25-10-2021 Buy INSTITUTIONAL EQUITIES ANTIQUE STOCK BROKING LIMITED Volume led beat dampened by increased leverage 26-10-2021 Hold Emkay Your success is our success Risk-reward seems favourable 26-10-2021 Buy ICICI direct Research Jefferies Margin under pressure; demand outlook stays firm 27-10-2021 Buy Strong YoY volume growth 25-10-2021 Hold CLSA Higher volumes drive beat 25-10-2021 Out perform ICICI Securities Sustaining Industry leading profitability ANANDRATHI MOTILAL OSWAL Cost savings to provide a fillip; delivering in sight Optimistic on demand, but wary of near-term cost inflation ◉HDFC securities Strong volume growth; margin to rebound The Ramco Cements Limited 26-10-2021 Buy 26-10-2021 Buy 25-10-2021 Buy 26-10-2021 Buy Corporate Presentation

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