Ramco Cements Sells ₹515-Crore Non-Core Assets to Prestige Estates to Cut Debt

Chennai-based Ramco Cements has raised ₹514.90 crore by selling a portion of its non-core assets to real estate developer Prestige Estates Projects Ltd. The sale is part of the company’s broader strategy to monetise non-core properties and strengthen its balance sheet.

Asset Sale Target Achieved

With this transaction, Ramco Cements has now disposed of non-core assets worth ₹1,016.92 crore, surpassing its earlier target of ₹1,000 crore, the company said in a regulatory filing. The asset monetisation programme began last year, with sales worth ₹376 crore completed in September and October 2024.

More Asset Sales Planned

The company also said it is taking steps to sell additional non-core assets worth around ₹200 crore before February 2026. The proceeds from these sales will primarily be used to reduce outstanding debt.

Debt Position Remains Elevated

As of September 30, Ramco Cements’ net debt stood at ₹4,591 crore, compared with ₹4,481 crore in March 2025, indicating a marginal increase over the period.

Ramco Share Price Performance

As of market close on December 22, 2025, Ramco Systems share price (NSE: RAMCOSYS) was trading at ₹600, up 1.19% or ₹7.05 from its previous close. The stock opened at ₹597.25 and moved within a day’s range of ₹594.05 to ₹608.10. Over the past year, the stock has touched a 52-week high of ₹682.35 and a 52-week low of ₹270, while the company does not currently pay any dividend.

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Conclusion

Ramco Cements’ latest ₹515-crore asset sale marks a key milestone in its non-core asset monetisation plan, taking total disposals beyond ₹1,000 crore. With further sales planned, the company aims to use these proceeds to lower debt and improve financial stability going forward.

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