Ambuja Cements Ltd.

•

ambujacement.comBSE: 500425NSE: AMBUJACEM

Market Cap₹ 98,411 Cr.

Current Price

High / Low₹ 601 / 394

Stock P/E26.3

Book Value₹ 214

Price to Book1.89

Dividend Yield0.51 %

ROCE2.6 %

ROE7.0 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Construction Materials

Buy

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.

Confidence

69%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.18x)
Working capital cycle has improved - days down from 30 to -79
Stock looks reasonably valued - P/E of 26.3 is below its historical median
Company comfortably covers its interest (7.8x coverage)

CONS

A large part of profit comes from other income (65.6% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 7.2%
Company has a low return on equity of 8.1% over last 3 years
Promoter holding has decreased over last 2 years: -3.0pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTY NEXT 50 NIFTY MNC NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY TOTAL MKT

S.No.	Name
1.	ULTRACEMCO	10896.00	37.60	321082.42	2.20	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	396.05	22.49	98411.18	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22911.30	50.71	82665.68	0.65	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4989.80	40.78	38555.31	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1734.10	34.86	32525.81	0.52	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1257.80	12.37	23619.88	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	865.45	31.71	20449.92	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	120.85	21.67	16476.27	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	335.15	31.01	11970.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	351.65	117.82	10897.54	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	191.50	20.94	7740.05	0.52	73.91	-24.71	942.89	3.39	8.42	20.63
12.	BIRLACORPN	836.25	11.63	6439.57	1.49	115.73	-3.21	2646.45	7.83	10.88	12.93

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	4,730	3,970	4,440	4,780	4,552	4,229	5,082	6,619	5,515	5,149	5,913	6,974	6,328
	3,781	3,196	3,588	3,983	3,906	3,548	4,481	5,554	4,643	4,444	5,398	6,326	5,937
Operating Profit	949	773	851	798	646	681	601	1,065	872	704	515	649	391
OPM %	20.06%	19.48%	19.17%	16.69%	14.19%	16.09%	11.82%	16.09%	15.81%	13.68%	8.71%	9.30%	6.18%
	189	378	108	161	407	265	772	402	454	-116	71	134	235
Interest	40	43	45	34	41	32	35	8	30	50	64	5	76
Depreciation	232	229	233	244	249	240	253	518	230	254	296	597	468
Profit before Tax	867	880	680	681	763	673	1,084	941	1,066	285	226	182	626
Tax %	25.58%	26.79%	24.51%	21.84%	25.65%	25.66%	-62.18%	41.01%	19.72%	-387.66%	9.84%	-805.20%	19.49%
Net Profit	645	644	514	532	567	501	1,758	555	855	1,388	204	1,644	504
	3.25	3.24	2.59	2.68	2.35	2.03	7.14	2.80	3.47	5.62	0.83	6.65	2.03

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	19,985	17,919	19,454	25,062	24,364
	16,765	14,548	16,488	22,132	22,105
Operating Profit	3,220	3,371	2,965	2,930	2,259
OPM %	16.11%	18.81%	15.24%	11.69%	9.27%
	795	837	1,886	445	324
Interest	128	162	96	173	194
Depreciation	832	938	1,038	2,035	1,614
Profit before Tax	3,055	3,107	3,718	1,167	1,318
Tax %	16.42%	24.87%	-1.00%	-204.82%	-183.63%
Net Profit	2,553	2,335	3,755	3,558	3,739
EPS	12.49	10.62	15.24	14.40	—
Dividend Payout %	19.44%	18.83%	13.12%	13.89%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 12%

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: -2%
3 Years:: -4%
1 Year:: -30%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 8%
Last Year:: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	397	440	493	494
	23,108	33,787	48,113	52,061
	671	293	256	833
Trade Payables	1,571	1,381	1,594	5,215
	10,156	8,228	6,674	8,564
Total Liabilities	35,904	44,129	57,129	67,168
	8,620	8,803	10,701	28,416
Capital Work in Progress	842	1,548	5,322	4,967
	11,776	14,058	25,726	21,570
	1,639	1,590	1,670	2,471
	0	693	692	1,198
Cash & Bank	2,533	8,127	4,190	253
	10,494	9,308	8,828	8,292
Total Assets	35,904	44,129	57,129	67,168

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,344	2,757	1,769	6,847
Cash from Investing	-9,327	-7,607	-6,542	-9,393
Cash from Financing	3,612	5,697	7,377	-1,116
	-3,706	847	2,605	-3,661

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.33	67.57	67.57	67.57	67.57	67.68	67.68	67.68	67.33
	9.59	10.61	9.14	8.60	7.43	5.91	5.80	5.87	5.63
	13.03	14.98	16.41	17.09	18.49	19.41	19.64	19.86	19.44
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.83	6.63	6.67	6.52	6.29	6.78	6.67	6.37	7.39

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-29

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-29 - Ambuja Cements Limited has informed the Exchange about interaction with Investors / Analysts on September 3, 2026.

2026-08-28

Copy of Newspaper Publication

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

Shareholders 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

Copy of Newspaper Publication

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

Shareholders 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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Ambuja Cements Limited has informed the Exchange about Schedule of meet

2026-08-20

Credit Rating

2026-08-20 - Ambuja Cements Limited has informed the Exchange about Credit Rating

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Ambuja Cements Limited has informed the exchange about interaction with Investors / Analysts on August 19, 2026.

2026-08-10

Updates

2026-08-10 - Ambuja Cements Limited has informed the Exchange regarding 'Commissioning of Project'.

News

Recent coverage and analyst commentary for AMBUJACEM

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Ambuja Cements Ltd.

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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

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

4,730

3,970

4,440

4,780

4,552

4,229

5,082

6,619

5,515

5,149

5,913

6,974

6,328

3,781

3,196

3,588

3,983

3,906

3,548

4,481

5,554

4,643

4,444

5,398

6,326

5,937

Operating Profit

949

773

851

798

646

681

601

1,065

872

704

515

649

391

OPM %

20.06%

19.48%

19.17%

16.69%

14.19%

16.09%

11.82%

16.09%

15.81%

13.68%

8.71%

9.30%

6.18%

189

378

108

161

407

265

772

402

454

-116

134

235

Interest

Depreciation

232

229

233

244

249

240

253

518

230

254

296

597

468

Profit before Tax

867

880

680

681

763

673

1,084

941

1,066

285

226

182

626

Tax %

25.58%

26.79%

24.51%

21.84%

25.65%

25.66%

-62.18%

41.01%

19.72%

-387.66%

9.84%

-805.20%

19.49%

Net Profit

645

644

514

532

567

501

1,758

555

855

1,388

204

1,644

504

3.25

3.24

2.59

2.68

2.35

2.03

7.14

2.80

3.47

5.62

0.83

6.65

2.03

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

19,985

17,919

19,454

25,062

24,364

16,765

14,548

16,488

22,132

22,105

Operating Profit

3,220

3,371

2,965

2,930

2,259

OPM %

16.11%

18.81%

15.24%

11.69%

9.27%

795

837

1,886

445

324

Interest

128

162

173

194

Depreciation

832

938

1,038

2,035

1,614

Profit before Tax

3,055

3,107

3,718

1,167

1,318

Tax %

16.42%

24.87%

-1.00%

-204.82%

-183.63%

Net Profit

2,553

2,335

3,755

3,558

3,739

EPS

12.49

10.62

15.24

14.40

—

Dividend Payout %

19.44%

18.83%

13.12%

13.89%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

397

440

493

494

23,108

33,787

48,113

52,061

671

293

256

833

Trade Payables

1,571

1,381

1,594

5,215

10,156

8,228

6,674

8,564

Total Liabilities

35,904

44,129

57,129

67,168

8,620

8,803

10,701

28,416

Capital Work in Progress

842

1,548

5,322

4,967

11,776

14,058

25,726

21,570

1,639

1,590

1,670

2,471

693

692

1,198

Cash & Bank

2,533

8,127

4,190

253

10,494

9,308

8,828

8,292

Total Assets

35,904

44,129

57,129

67,168

Mar 2023

Mar 2024

Mar 2025

Mar 2026

2,344

2,757

1,769

6,847

Cash from Investing

-9,327

-7,607

-6,542

-9,393

Cash from Financing

3,612

5,697

7,377

-1,116

-3,706

847

2,605

-3,661

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.33

67.57

67.68

67.33

9.59

10.61

9.14

8.60

7.43

5.91

5.80

5.87

5.63

13.03

14.98

16.41

17.09

18.49

19.41

19.64

19.86

19.44

Government

0.00

6.83

6.63

6.67

6.52

6.29

6.78

6.67

6.37

7.39

Ambuja Cements Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Ambuja Cements Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI