Ambuja Cements Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Cement: 95.2% • Ready Mix Concrete: 4.8%
AI Sector View
AI GENERATEDConstruction Materials
Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from 54 to 5
- Company comfortably covers its interest (15.8x coverage)
- Stock looks reasonably valued - P/E of 22.5 is below its historical median
- Attractively priced for its growth - PEG of 1.0
CONS
- Promoter holding has decreased over last 2 years: -3.0pp
- A large part of profit comes from other income (25.3% of PBT)
- Free cash flow has been persistently negative
- Effective tax rate is unusually low at -70.9% - earnings may be flattered
- Total debt has risen sharply - up 96.8% year on year
- Equity base is being diluted - shares outstanding up 24.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | 10896.00 | 37.60 | 321082.42 | 2.20 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| AMBUJACEM | 396.05 | 22.49 | 98411.18 | 0.51 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| SHREECEM | 22911.30 | 50.71 | 82665.68 | 0.65 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| JKCEMENT | 4989.80 | 40.78 | 38555.31 | 0.40 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| DALBHARAT | 1734.10 | 34.86 | 32525.81 | 0.52 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| ACC | 1257.80 | 12.37 | 23619.88 | 0.60 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| RAMCOCEM | 865.45 | 31.71 | 20449.92 | 0.29 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| JSWCEMENT | 120.85 | 21.67 | 16476.27 | 0.41 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| NUVOCO | 335.15 | 31.01 | 11970.09 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| INDIACEM | 351.65 | 117.82 | 10897.54 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| STARCEMENT | 191.50 | 20.94 | 7740.05 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| BIRLACORPN | 836.25 | 11.63 | 6439.57 | 1.49 | 115.73 | -3.21 | 2646.45 | 7.83 | 10.88 | 12.93 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,713 | 7,424 | 8,129 | 8,894 | 8,392 | 7,552 | 9,411 | 9,981 | 10,289 | 9,174 | 10,277 | 10,915 | 9,500 | |
| 7,046 | 6,122 | 6,397 | 7,195 | 7,112 | 6,441 | 7,700 | 8,113 | 8,328 | 7,414 | 8,924 | 9,452 | 8,802 | |
| Operating Profit | 1,667 | 1,302 | 1,732 | 1,699 | 1,280 | 1,111 | 1,712 | 1,868 | 1,961 | 1,761 | 1,353 | 1,464 | 698 |
| OPM % | 19.13% | 17.54% | 21.31% | 19.10% | 15.25% | 14.72% | 18.19% | 18.71% | 19.06% | 19.19% | 13.17% | 13.41% | 7.35% |
| 263 | 476 | 194 | 445 | 355 | 218 | 1,352 | 708 | 296 | 34 | 72 | 131 | 193 | |
| Interest | 52 | 61 | 70 | 93 | 68 | 67 | 67 | 14 | 67 | 77 | 59 | 21 | 57 |
| Depreciation | 372 | 381 | 416 | 459 | 476 | 520 | 607 | 694 | 862 | 885 | 959 | 1,053 | 834 |
| Profit before Tax | 1,506 | 1,336 | 1,439 | 1,592 | 1,091 | 742 | 2,390 | 1,867 | 1,328 | 833 | 407 | 522 | 848 |
| Tax % | 24.97% | 26.39% | 24.94% | 4.64% | 28.50% | 33.39% | -11.28% | 27.88% | 27.32% | -175.81% | 11.16% | -254.77% | 22.17% |
| Net Profit | 0 | 0 | 0 | 0 | 790 | 473 | 2,620 | 1,282 | 970 | 2,302 | 367 | 1,857 | 660 |
| 4.56 | 3.99 | 4.15 | 5.29 | 2.65 | 1.95 | 8.86 | 4.16 | 3.20 | 7.15 | 0.82 | 7.41 | 2.32 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 38,937 | 33,160 | 35,045 | 40,656 | 39,867 | |
| 33,815 | 26,760 | 29,074 | 34,117 | 34,591 | |
| Operating Profit | 5,122 | 6,400 | 5,971 | 6,539 | 5,276 |
| OPM % | 13.16% | 19.30% | 17.04% | 16.08% | 13.23% |
| 419 | 1,378 | 2,633 | 534 | 431 | |
| Interest | 195 | 276 | 216 | 224 | 213 |
| Depreciation | 1,645 | 1,628 | 2,478 | 3,570 | 3,731 |
| Profit before Tax | 3,729 | 5,896 | 5,922 | 3,299 | 2,610 |
| Tax % | 18.91% | 19.70% | 12.90% | -70.88% | -98.10% |
| Net Profit | 3,024 | 4,735 | 5,158 | 5,637 | 5,171 |
| EPS | 12.64 | 16.26 | 16.92 | 19.13 | — |
| Dividend Payout % | 19.22% | 12.30% | 11.82% | 10.46% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 22%
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- -2%
- 3 Years:
- -4%
- 1 Year:
- -30%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 12%
- Last Year:
- 10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 397 | 440 | 493 | 494 |
| Minority Interest | 7,058 | 9,391 | 10,368 | 12,499 |
| 26,301 | 38,232 | 52,951 | 58,850 | |
| 486 | 518 | 627 | 961 | |
| Trade Payables | 2,774 | 2,964 | 2,759 | 4,185 |
| 14,705 | 13,522 | 13,743 | 12,584 | |
| Total Liabilities | 51,721 | 65,067 | 80,941 | 89,574 |
| 23,551 | 32,194 | 42,578 | 58,263 | |
| Capital Work in Progress | 2,526 | 2,658 | 9,820 | 9,085 |
| 214 | 849 | 1,912 | 113 | |
| 3,273 | 3,609 | 4,248 | 4,552 | |
| 0 | 1,190 | 1,590 | 1,868 | |
| Cash & Bank | 2,961 | 10,363 | 6,172 | 959 |
| 19,197 | 14,204 | 14,621 | 14,734 | |
| Total Assets | 51,721 | 65,067 | 80,941 | 89,574 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,473 | 5,646 | 2,237 | 5,362 | |
| Cash from Investing | -14,481 | -8,950 | -7,531 | -7,935 |
| Cash from Financing | 2,931 | 5,689 | 5,592 | -1,629 |
| -10,815 | 2,384 | 298 | -4,203 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-29 - Ambuja Cements Limited has informed the Exchange about interaction with Investors / Analysts on September 3, 2026.
2026-08-28 - Ambuja Cements Limited has informed the exchange about Copy of Newspaper Publication intimating completion of dispatch of notice of National Company Law Tribunal (NCLT) convened meeting.
2026-08-27 - Ambuja Cements Limited has informed the Exchange regarding Notice of Court Covened General Meeting to be held on September 29, 2026
2026-08-27 - Ambuja Cements Limited has informed the exchange about Copy of Newspaper Publication intimating completion of dispatch of notice of National Company Law Tribunal (NCLT) convened meeting.
2026-08-26 - Ambuja Cements Limited has informed the Exchange regarding Notice of Court Covened General Meeting to be held on September 28, 2026
2026-08-21 - Ambuja Cements Limited has informed the Exchange about Schedule of meet
2026-08-20 - Ambuja Cements Limited has informed the Exchange about Credit Rating
2026-08-12 - Ambuja Cements Limited has informed the exchange about interaction with Investors / Analysts on August 19, 2026.
2026-08-10 - Ambuja Cements Limited has informed the Exchange regarding 'Commissioning of Project'.
News
Recent coverage and analyst commentary for AMBUJACEM
Loading news…
AI Stock Analyst
Ambuja Cements Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account