Ambuja Cements Ltd
₹ 454
2.95%
15 Apr
- close price
About
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]
Key Points
- Market Cap ₹ 1,12,811 Cr.
- Current Price ₹ 454
- High / Low ₹ 625 / 394
- Stock P/E 31.5
- Book Value ₹ 206
- Dividend Yield 0.44 %
- ROCE 8.80 %
- ROE 8.77 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.60% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Upcoming result date: 4 May 2026
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,129 | 9,934 | 9,417 | 9,197 | 10,457 | 11,357 | 11,668 | 11,372 | 13,979 | 19,985 | 17,919 | 19,454 | 22,303 | |
| 7,453 | 8,000 | 7,860 | 7,504 | 8,517 | 9,465 | 9,519 | 8,725 | 10,764 | 16,765 | 14,548 | 16,488 | 19,174 | |
| Operating Profit | 1,676 | 1,934 | 1,557 | 1,692 | 1,940 | 1,891 | 2,149 | 2,647 | 3,215 | 3,220 | 3,371 | 2,965 | 3,129 |
| OPM % | 18% | 19% | 17% | 18% | 19% | 17% | 18% | 23% | 23% | 16% | 19% | 15% | 14% |
| 393 | 424 | 332 | 510 | 359 | 245 | 427 | 372 | 215 | 795 | 837 | 1,886 | 851 | |
| Interest | 65 | 64 | 92 | 74 | 107 | 82 | 84 | 83 | 91 | 128 | 162 | 96 | 131 |
| Depreciation | 490 | 510 | 626 | 849 | 573 | 548 | 544 | 521 | 552 | 832 | 938 | 1,038 | 1,076 |
| Profit before tax | 1,514 | 1,783 | 1,172 | 1,279 | 1,619 | 1,506 | 1,948 | 2,414 | 2,788 | 3,055 | 3,107 | 3,718 | 2,773 |
| Tax % | 14% | 16% | 31% | 27% | 23% | 1% | 22% | 26% | 25% | 16% | 25% | -1% | |
| 1,295 | 1,496 | 808 | 932 | 1,250 | 1,487 | 1,529 | 1,790 | 2,083 | 2,553 | 2,335 | 3,755 | 3,376 | |
| EPS in Rs | 8.37 | 9.66 | 5.20 | 4.69 | 6.29 | 7.49 | 7.70 | 9.02 | 10.49 | 12.86 | 10.62 | 15.24 | 13.68 |
| Dividend Payout % | 43% | 52% | 54% | 60% | 57% | 20% | 19% | 200% | 60% | 19% | 19% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 20% |
| 3 Years: | 21% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 5% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 309 | 310 | 310 | 397 | 397 | 397 | 397 | 397 | 397 | 397 | 440 | 493 | 494 |
| Reserves | 9,176 | 9,793 | 9,996 | 18,960 | 19,576 | 20,615 | 21,808 | 19,919 | 21,808 | 28,108 | 36,567 | 48,113 | 50,401 |
| 40 | 29 | 33 | 29 | 24 | 40 | 41 | 368 | 351 | 949 | 664 | 326 | 795 | |
| 3,439 | 3,768 | 3,822 | 3,967 | 4,630 | 4,134 | 4,744 | 4,797 | 5,627 | 6,449 | 6,458 | 8,198 | 11,065 | |
| Total Liabilities | 12,965 | 13,901 | 14,162 | 23,353 | 24,627 | 25,187 | 26,991 | 25,481 | 28,183 | 35,904 | 44,129 | 57,129 | 62,756 |
| 6,063 | 6,227 | 6,092 | 5,942 | 5,722 | 5,664 | 5,812 | 5,932 | 7,671 | 8,620 | 8,803 | 10,701 | 14,031 | |
| CWIP | 695 | 690 | 414 | 320 | 398 | 610 | 1,109 | 1,874 | 951 | 842 | 1,548 | 5,388 | 6,116 |
| Investments | 1,788 | 2,173 | 2,226 | 11,845 | 11,845 | 11,814 | 11,789 | 11,792 | 11,774 | 11,776 | 14,058 | 25,726 | 31,735 |
| 4,419 | 4,811 | 5,430 | 5,246 | 6,662 | 7,099 | 8,281 | 5,884 | 7,787 | 14,667 | 19,719 | 15,315 | 10,874 | |
| Total Assets | 12,965 | 13,901 | 14,162 | 23,353 | 24,627 | 25,187 | 26,991 | 25,481 | 28,183 | 35,904 | 44,129 | 57,129 | 62,756 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,287 | 1,675 | 1,553 | 1,416 | 1,836 | 572 | 2,485 | 2,606 | 2,477 | 2,010 | 2,757 | 1,769 | |
| -522 | -460 | -83 | -3,469 | -173 | -254 | -734 | -641 | -887 | -9,327 | -7,603 | -6,525 | |
| -663 | -717 | -897 | -683 | -749 | -478 | -389 | -3,760 | -317 | 3,612 | 5,697 | 7,377 | |
| Net Cash Flow | 101 | 498 | 573 | -2,736 | 915 | -160 | 1,362 | -1,795 | 1,273 | -3,706 | 852 | 2,622 |
| Free Cash Flow | 550 | 855 | 936 | 1,033 | 1,294 | -22 | 1,375 | 1,628 | 1,334 | -102 | 764 | -3,646 |
| CFO/OP | 105% | 102% | 102% | 102% | 111% | 63% | 119% | 116% | 88% | 73% | 104% | 69% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 8 | 11 | 16 | 11 | 15 | 16 | 6 | 8 | 10 | 14 | 13 |
| Inventory Days | 422 | 381 | 395 | 458 | 454 | 493 | 309 | 230 | 462 | 216 | 130 | 96 |
| Days Payable | 252 | 265 | 300 | 399 | 451 | 428 | 304 | 271 | 362 | 207 | 113 | 91 |
| Cash Conversion Cycle | 179 | 124 | 106 | 75 | 13 | 80 | 22 | -35 | 108 | 19 | 31 | 17 |
| Working Capital Days | -53 | -61 | -64 | -71 | -74 | -42 | -73 | -97 | -72 | 42 | -9 | -51 |
| ROCE % | 16% | 18% | 11% | 9% | 9% | 8% | 9% | 12% | 14% | 13% | 9% | 9% |
Insights
In beta| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cement Sales Volume MnT |
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| Installed Cement Capacity MTPA |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Compliance Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on March 31, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meeting /Call scheduled on May 4, 2026 to discuss audited financial results for the quarter and year ended …
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Board Meeting Intimation for Considering And Approving The Audited Financial Results For The Quarter And Year Ended On March 31, 2026 And To Consider And Recommend Dividend, If Any, On The Equity Shares Of The Company For The Financial Year 2025-26.
1d - Board meets May 4, 2026 to approve FY26 audited results and consider dividend.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
11 Apr - Ambuja Cements received GST demand order of Rs.19.30 crore on April 10, 2026, plans to appeal.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
10 Apr - Scheme with Penna Cement became effective on April 10, 2026; Penna Cement amalgamated into Ambuja Cements.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026Transcript PPT
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Oct 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
Promoter group[1][2][3]
Ambuja Cement is a part of the Adani group. The group owns Ambuja Cement, ACC and Sanghi Cements, Penna & Orient Cement in the cement sector. Adani group has businesses in various sectors like Energy & Utility, Transport & Logistics, Materials, Metal & Mining, Incubator and Specialty. Adani cement has 16.6% market share as of Q2 FY26.