Ambuja Cements Ltd logo

Ambuja Cements Ltd

AMBUJACEM NSE

Key Fundamentals

MidcapCementConstruction
Market Cap
1.0L Cr
Volatility
Moderate
P/E Ratio
23.13
EBITDA
₹7,373 Cr
Return on Equity
7.85%
Debt to Equity
0.01
Book Value
₹238.84
EPS
₹12.66
52W High
₹605.45
52W Low
₹394

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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64 extracted metrics + investor summaries across FY12–FY27.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 9.00% over last 3 years.

Growth Rate

Revenue Growth
9.21% ↗
Net Income Growth
6.48% ↗
Cash Flow Change
139.64% ↗
ROE
-5.19% ↗
ROCE
-51.06% ↘
EBITDA Margin (Avg.)
-21.72% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Ambuja Cements Ltd is a large-cap cement company with a market capitalization of ₹1,04,387 Cr trading at a PE of 20.1x. The company is virtually debt-free but has delivered a modest ROE of 9% over the last 3 years, while its stock has declined 28% over the past year despite compounded profit growth of 21% over 3 years.

Bull Case 8
  • Company is almost debt-free, providing significant financial flexibility and low interest burden in a capital-intensive industry
  • Compounded profit growth of 21% over 3 years and 15% over 5 years demonstrates improving profitability trajectory
  • 10-year compounded sales growth of 16% reflects long-term demand tailwinds from infrastructure and housing sectors
  • TTM sales growth of 7% shows revenue momentum is intact despite broader sector slowdown
  • PE of 20.1x is reasonable for a large-cap cement company, especially one with near-zero leverage
  • 10-year compounded profit growth of 22% indicates sustained earnings expansion over a full business cycle
  • Price-to-book of 1.77x is moderate for an asset-heavy business with strong brand and distribution network
  • Market cap of ₹1,04,387 Cr provides liquidity and index inclusion benefits for institutional investors
Bear Case 8
  • Stock has declined 28% over the past 1 year, significantly underperforming broader markets
  • Return on equity of only 9% over 3, 5, and 10 years suggests persistent inability to generate adequate returns on shareholder capital
  • 5-year compounded sales growth of only 11% (noted as poor at 10.6%) indicates sluggish volume or pricing growth relative to capacity additions
  • 3-year stock CAGR of -2% shows the market has not rewarded the company despite profit growth of 21% over the same period
  • Dividend yield of just 0.48% offers minimal income return to shareholders despite debt-free status
  • 3-year compounded sales growth of just 1% points to near-stagnant topline in the medium term
  • Low tax rate flagged as a concern — normalization of tax could compress net profit margins going forward
  • 5-year stock CAGR of only 1% indicates prolonged value destruction on a real-return basis after adjusting for inflation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Headwinds 2
  • Q1FY27 profit drops 37% YoY Jul 29

    Consolidated net profit fell 37% YoY to ₹660 crore in Q1FY27, with revenue declining 8% to ₹9,500 crore amid lower volumes and higher exceptional costs.

  • Q1 volume degrowth of 7% Jul 28

    Ambuja posted 7% volume degrowth in Q1 against FY27 guidance of 8–9% growth, requiring a sharp recovery in subsequent quarters to meet annual targets.

Positives 1
  • NCLT orders Ambuja-ACC merger vote Jul 29

    NCLT Ahmedabad directs shareholder meetings on September 29, 2026, to vote on the Ambuja-ACC amalgamation scheme with appointed date of January 1, 2026.

Neutral 4
  • ₹6,500 Cr capex plan for FY27 Jul 29

    Ambuja plans ₹6,500 crore investment in FY27 with similar spend in FY28, targeting 8-10 MTPA capacity addition annually and net operating cost reduction to ₹4,000 PMT by FY28.

  • NCLT orders Orient Cement merger meet Jul 20

    NCLT directs Ambuja to convene a shareholder meeting on September 28, 2026, to approve the merger with Orient Cement.

  • Motilal Oswal investor meet Aug 19 Aug 12

    Ambuja Cements will hold investor interactions with Motilal Oswal in Mumbai on August 19, 2026, covering publicly available information only.

  • Q1FY27 earnings call audio posted Jul 28

    Audio recording of the Q1FY27 earnings call (quarter ended June 30, 2026) uploaded to the company website for investor access.

TL;DR: Ambuja Cements faces near-term pressure with a 37% profit decline and 7% volume degrowth in Q1FY27, sharply missing its 8–9% annual growth guidance. On the positive side, consolidation moves are progressing with NCLT-ordered votes on the ACC and Orient Cement mergers. The company's aggressive capex and cost reduction targets (₹4,000 PMT by FY28) signal long-term ambition, but execution risk is elevated given the weak Q1 start — the next two quarters will be critical to restoring credibility on volume guidance.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
8,713
7,424
8,129
8,894
8,392
7,552
9,411
9,981
10,289
9,174
10,277
10,916
9,500
Expenses
7,046
6,122
6,397
7,195
7,112
6,441
7,700
8,113
8,328
7,414
8,924
9,451
7,911
Operating Profit
1,667
1,302
1,732
1,699
1,280
1,111
1,712
1,868
1,961
1,761
1,353
1,465
1,589
OPM %
19%
18%
21%
19%
15%
15%
18%
19%
19%
19%
13%
13%
17%
Other Income
268
480
204
448
358
220
1,355
713
300
39
77
136
150
Interest
52
61
70
93
68
67
67
14
67
77
59
21
57
Depreciation
372
381
416
459
476
520
607
694
767
885
911
1,053
834
PBT
1,512
1,340
1,450
1,595
1,094
744
2,393
1,872
1,427
838
460
527
848
Tax %
25%
26%
25%
5%
28%
33%
-11%
28%
27%
-175%
12%
-252%
22%
Net Profit
1,135
987
1,091
1,521
783
496
2,663
1,351
1,041
2,302
403
1,857
660
EPS in Rs
4.56
3.99
4.15
4.78
2.6
1.95
8.76
4.16
3.53
7.14
0.97
7.4
2.32
Figures in ₹ Crores

Profit & Loss

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023 15mMar 2024Mar 2025Mar 2026TTM
Sales
9,955
9,437
20,094
23,609
26,041
27,104
24,516
28,965
38,937
33,160
35,336
40,656
39,867
Expenses
8,022
7,895
16,913
19,751
22,030
22,507
19,511
22,755
33,815
26,760
29,366
34,079
33,699
Operating Profit
1,934
1,542
3,181
3,858
4,011
4,597
5,006
6,210
5,122
6,400
5,971
6,577
6,168
OPM %
19%
16%
16%
16%
15%
17%
20%
21%
13%
19%
17%
16%
15%
Other Income
419
353
441
335
232
601
288
252
447
1,401
2,646
516
402
Interest
66
92
153
206
170
170
140
146
195
276
216
224
214
Depreciation
513
630
1,461
1,219
1,154
1,153
1,162
1,152
1,645
1,628
2,297
3,570
3,683
PBT
1,774
1,173
2,008
2,768
2,919
3,875
3,992
5,164
3,729
5,896
6,104
3,299
2,673
Tax %
16%
31%
29%
30%
-2%
28%
22%
28%
19%
20%
13%
-71%
—
Net Profit
1,487
808
1,434
1,945
2,973
2,783
3,107
3,711
3,024
4,735
5,294
5,637
5,222
EPS in Rs
9.59
5.21
5.57
7.64
10.97
10.55
11.91
14
13.01
16.26
17.47
19.13
17.83
Div. Payout %
46%
54%
50%
47%
14%
14%
151%
45%
19%
12%
11%
10%
—
Figures in ₹ Crores

Balance Sheet

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
310
310
397
397
397
397
397
397
397
440
493
494
Reserves
9,760
9,961
19,424
20,275
21,973
23,681
22,360
24,957
31,301
41,012
53,086
58,853
Borrowings
34
35
29
24
40
41
471
477
523
699
788
866
Other Liabilities
3,774
3,827
12,974
14,813
14,981
16,059
16,490
19,374
19,501
22,916
26,735
29,361
Total Liabilities
13,878
14,133
32,824
35,509
37,391
40,178
39,718
45,205
51,721
65,067
81,102
89,574
Fixed Assets
6,310
6,170
21,410
20,898
20,636
20,701
20,486
22,254
23,551
32,194
42,766
58,263
CWIP
692
416
582
667
1,008
1,554
2,422
2,168
2,526
2,658
9,858
9,121
Investments
2,097
2,149
175
153
133
150
167
198
214
849
1,912
113
Other Assets
4,780
5,398
10,657
13,791
15,613
17,773
16,643
20,585
25,430
29,365
26,566
22,077
Total Assets
13,878
14,133
32,824
35,509
37,391
40,178
39,718
45,205
51,721
65,067
81,102
89,574
Figures in ₹ Crores

Cash Flow

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,675
1,557
2,810
3,416
1,703
4,739
4,832
5,309
735
5,646
2,237
5,362
Investing
-456
-83
-4,165
-738
-765
-1,191
-1,317
-2,007
-14,481
-8,941
-7,529
-7,935
Financing
-721
-900
-958
-1,015
-719
-629
-3,956
-516
2,931
5,689
5,592
-1,629
Net Cash Flow
498
574
-2,312
1,663
220
2,919
-441
2,786
-10,815
2,394
301
-4,203
Free Cash Flow
854
937
1,925
2,332
612
3,132
3,107
3,013
-3,331
1,685
-6,293
-594
CFO/OP
102
104
107
102
71
115
120
96
29
103
44
77
Figures in ₹ Crores

Ratios

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
8
11
17
14
18
14
8
8
11
13
16
17
Inventory Days
379
394
339
323
333
208
193
337
234
238
238
246
Days Payable
265
299
324
370
339
231
259
359
198
196
167
227
Cash Conversion Cycle
123
107
32
-33
13
-9
-58
-14
46
56
86
37
Working Capital Days
-61
-65
-67
-62
-34
-56
-80
-74
45
8
-25
-3
ROCE %
18%
11%
11%
12%
12%
14%
14%
17%
12%
13%
11%
6%

Shareholding Pattern

As of Jun 2026
Promoters 67.33%
DIIs 19.65%
FIIs 5.63%
Public 5.54%
Others 1.85%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026Jun 2026
Promoters
63.29%
63.28%
63.26%
63.21%
63.19%
63.19%
63.22%
63.22%
63.22%
63.20%
63.19%
63.19%
66.74%
70.33%
70.33%
67.57%
67.57%
67.57%
67.57%
67.68%
67.68%
67.68%
67.33%
67.33%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11.16%
0.02%
0.00%
11.88%
11.09%
9.90%
9.59%
10.61%
9.14%
8.60%
7.44%
5.91%
5.80%
5.87%
5.83%
5.63%
DIIs
12.10%
12.22%
13.34%
15.00%
16.01%
14.83%
15.06%
15.49%
14.75%
13.36%
14.30%
15.83%
14.48%
12.94%
13.26%
15.19%
16.62%
17.30%
18.70%
19.63%
19.85%
20.07%
19.84%
19.65%
Government
0.26%
0.26%
0.26%
0.26%
0.26%
0.26%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
4.34%
4.30%
4.31%
4.39%
4.91%
5.48%
6.47%
6.55%
8.07%
7.28%
7.03%
6.60%
5.63%
5.02%
5.15%
5.04%
5.16%
5.10%
4.89%
4.93%
5.04%
4.87%
5.50%
5.54%
Others
20.01%
19.94%
18.82%
17.14%
15.63%
16.23%
15.25%
14.74%
2.79%
16.13%
15.47%
2.49%
2.06%
1.82%
1.68%
1.59%
1.51%
1.42%
1.39%
1.84%
1.62%
1.51%
1.51%
1.85%
No. of Shareholders
2,37,224
2,49,742
2,90,245
3,21,192
4,37,838
4,36,449
4,98,485
4,68,817
7,04,994
6,18,776
5,98,147
5,64,847
5,43,437
5,45,152
6,11,804
6,05,551
6,33,718
6,44,696
6,18,855
6,20,457
6,25,013
6,07,505
6,13,421
6,74,206

Documents

1
Concall - Jun 2017 Jun 2017
2
Concall - Feb 2018 Feb 2018
3
Concall - Feb 2018 Feb 2018
4
Concall - Mar 2018 Mar 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about Ambuja Cements Ltd

What does Ambuja Cements Ltd do?
Ambuja Cements Ltd. is among the leading cement companies in India. It is a member of the Adani Group. Currently, Ambuja Cement has a cement capacity of 31 million tonnes with six integrated cement manufacturing plants and eight cement grinding units across the country.[1]
Where is Ambuja Cements Ltd (AMBUJACEM) listed?
Ambuja Cements Ltd is listed on the Indian stock exchanges. It is listed on NSE: AMBUJACEM and BSE: 500425. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ambuja Cements Ltd belong to?
Ambuja Cements Ltd operates in the Construction sector within the Cement industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ambuja Cements Ltd?
Ambuja Cements Ltd has a market capitalisation of approximately ₹102747.19 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Ambuja Cements Ltd?
The Price-to-Earnings (PE) ratio of Ambuja Cements Ltd is 23.13. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ambuja Cements Ltd?
Over the past 52 weeks, Ambuja Cements Ltd has traded between a low of ₹394 and a high of ₹605.45. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ambuja Cements Ltd pay dividends?
Yes, Ambuja Cements Ltd has a dividend yield of 0.48%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ambuja Cements Ltd?
Ambuja Cements Ltd has a Return on Equity (ROE) of 7.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ambuja Cements Ltd on Tapetide?
On Tapetide, you can view Ambuja Cements Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Ambuja Cements Ltd. is among the leading cement companies in India. It is a member of the Adani Group. Currently, Ambuja Cement has a cement capacity of 31 million tonnes with six integrated cement manufacturing plants and eight cement grinding units across the country.[1]

Website ambujacement.com
CEO Mr. Vinod Mohanlal Bahety
Employees 3,883
Listed 1998-02-18
Face Value ₹ 2
Issued Size 2,47,18,23,478

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