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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
IND BB+ / Negative(ISSUER NOT COOPERATING) / IND A4+ / Rating Watch Off(ISSUER NOT COOPERATING)
Rates the company's debt-servicing ability — not the quality or value of its shares.
Valuation
Financials (FY2024)
Investment Thesis
RDC Concrete is one of India's largest and most established RMC companies, backed by the listed Prism Johnson group and operating 123 plants across the country. While financials are not publicly disclosed given its unlisted status, the company is fundamentally well-positioned given India's construction boom. Investors looking for exposure to RMC infrastructure growth may find RDC Concrete an interesting unlisted opportunity, though liquidity remains limited.
Pros
Cons
Business Segments
Ready-Mix Concrete (RMC)
Manufacturing and supply of ready-mix concrete to construction projects across residential, commercial, and infrastructure segments.
Revenue Model
RDC Concrete generates revenue by selling ready-mix concrete in cubic meters to contractors, real estate developers, and infrastructure project owners. Pricing is based on concrete grade (M20, M25, M30, etc.), volume ordered, and location of the plant. The company operates on a production-to-delivery model with its own transit mixers.
Detailed Analysis
Growth Plans
Government's continued push on infrastructure spending under the National Infrastructure Pipeline (NIP) of ₹111 lakh crore.
Growing preference for organized RMC over site-mixed concrete in urban construction due to quality and speed.
Expansion of plant network into newer Tier 2 and Tier 3 cities where construction activity is accelerating.
Industry Tailwinds
Recent Developments
RDC Concrete confirmed operation of 123 RMC plants across India, reinforcing its position as one of the top RMC companies in the country.
2024-09Comparable Companies
PRSMJOHNSN · ~3500 Cr
Frequently Asked Questions
About RDC Concrete India
RDC Concrete (India) Limited is India's largest non-cement backed Ready-Mix Concrete (RMC) manufacturer and the second-largest RMC company overall by revenue in FY2025. Incorporated on 20 April 1993 in Mumbai, Maharashtra, the company has built a dominant position in India's construction materials sector over three decades. The company manufactures and supplies non-cement proprietary ready mixed concrete — concrete that is batched at a plant and delivered to construction sites in transit mixers. RDC's non-cement backed positioning differentiates it from cement company-owned RMC operations (like UltraTech's RMC and ACC's Ready Mix), allowing it to source cement from multiple suppliers and optimize costs. Financial performance has been strong: operating revenue exceeded Rs. 500 crore for FY2024, EBITDA increased 36.52% over the previous year, and book networth grew 264.12% — reflecting a company in accelerated growth and profitability improvement phase. The authorized capital stands at Rs. 130 crore with paid-up capital of Rs. 110.83 crore, indicating a well-capitalized business for its sector. India's ready-mix concrete market is growing rapidly, driven by urbanization, infrastructure investment (roads, metros, airports), and the shift from site-mixed to plant-batched concrete for quality and speed. The market is expected to grow at 10–12% CAGR through 2030. RDC Concrete's network of batching plants across India positions it to capitalize on this demand, serving housing, commercial, and infrastructure projects.
Key Milestones
Incorporated in 1993 in Mumbai, Maharashtra as a pioneer in the organized RMC sector in India.
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Government's continued push on infrastructure spending under the National Infrastructure Pipeline (NIP) of ₹111 lakh crore.
Growing preference for organized RMC over site-mixed concrete in urban construction due to quality and speed.
Expansion of plant network into newer Tier 2 and Tier 3 cities where construction activity is accelerating.
Industry Headwinds
Cement price inflation increasing input costs.
Any slowdown in government infrastructure capex could reduce demand.
Competition from new entrants and existing large players expanding RMC capacity.
Net profit margin is thin at 2.0% (FY2024) — limited buffer against revenue or cost shocks
Source: Financial data
RMC production depends heavily on cement, sand, and aggregates — all subject to price volatility, which can squeeze margins.
Source: Company Financial Filings
Revenue is tied to construction activity. Any slowdown in infrastructure spending or real estate demand directly impacts plant utilization and revenue.
Source: Company Financial Filings
Faces intense competition from large players like UltraTech RMC, ACC Concrete, and numerous regional operators in key markets.
Source: AlphaHub Research
RMC has a short shelf life after mixing, requiring efficient transit and close proximity to project sites — increasing logistics complexity and cost.
Source: AlphaHub Research
RMC production depends heavily on cement, sand, and aggregates — all subject to price volatility, which can squeeze margins.
Revenue is tied to construction activity. Any slowdown in infrastructure spending or real estate demand directly impacts plant utilization and revenue.
Faces intense competition from large players like UltraTech RMC, ACC Concrete, and numerous regional operators in key markets.
RMC has a short shelf life after mixing, requiring efficient transit and close proximity to project sites — increasing logistics complexity and cost.
ULTRACEMCO · ~2,70,000 Cr
PE: ~35xx
ACC · ~35,000 Cr
PE: ~20xx
Grew its plant network to over 100 locations across major Indian cities and infrastructure corridors.
Expanded to 123 RMC plants by September 2024, covering metro cities and Tier 2 urban centers.
Operates as a wholly-owned subsidiary of Prism Johnson Limited (listed on BSE/NSE).