Ambuja Cements Ltd

Ambuja Cements Ltd

₹ 687 0.39%
16 Jul 11:33 a.m.
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

Promoter group
Ambuja Cement is a part of the Adani group. The group owns Ambuja Cement, ACC and Sanghi Cements in the cement sector.[1] Adani group has businesses in various sectors like Energy & Utility, Transport & Logistics, Materials, Metal & Mining and B2C.[2] Adani cement has 14% market share as of Q3FY24.[3]

  • Market Cap 1,69,180 Cr.
  • Current Price 687
  • High / Low 707 / 404
  • Stock P/E 74.8
  • Book Value 156
  • Dividend Yield 0.29 %
  • ROCE 10.7 %
  • ROE 7.84 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 32.8%
  • Promoter holding has increased by 7.14% over last quarter.

Cons

  • Stock is trading at 4.41 times its book value
  • Company has a low return on equity of 9.68% 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.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,621 3,371 3,237 3,740 3,927 3,998 3,676 4,129 4,256 4,730 3,970 4,440 4,780
2,645 2,412 2,534 3,170 3,133 3,312 3,370 3,489 3,468 3,781 3,196 3,588 3,983
Operating Profit 977 960 703 570 793 687 306 639 788 949 773 851 798
OPM % 27% 28% 22% 15% 20% 17% 8% 15% 19% 20% 19% 19% 17%
55 161 36 -34 32 631 31 14 93 189 378 108 161
Interest 20 24 21 25 21 25 23 25 33 40 43 45 34
Depreciation 125 130 126 170 152 154 157 165 205 232 229 233 244
Profit before tax 886 966 592 342 652 1,138 157 464 643 867 880 680 681
Tax % 25% 25% 25% 26% 24% 8% 12% 20% 22% 26% 27% 25% 22%
665 723 441 253 494 1,049 139 369 502 645 644 514 532
EPS in Rs 3.35 3.64 2.22 1.27 2.49 5.28 0.70 1.86 2.53 3.25 3.24 2.59 2.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
9,685 9,129 9,934 9,417 9,197 10,457 11,357 11,668 11,372 13,979 19,985 17,919
7,212 7,453 8,000 7,860 7,504 8,517 9,465 9,519 8,725 10,764 16,765 14,548
Operating Profit 2,473 1,676 1,934 1,557 1,692 1,940 1,891 2,149 2,647 3,215 3,220 3,371
OPM % 26% 18% 19% 17% 18% 19% 17% 18% 23% 23% 16% 19%
70 393 424 332 510 359 245 427 372 215 795 837
Interest 76 65 64 92 74 107 82 84 83 91 128 162
Depreciation 565 490 510 626 849 573 548 544 521 552 832 938
Profit before tax 1,902 1,514 1,783 1,172 1,279 1,619 1,506 1,948 2,414 2,788 3,055 3,107
Tax % 32% 14% 16% 31% 27% 23% 1% 22% 26% 25% 16% 25%
1,297 1,295 1,496 808 932 1,250 1,487 1,529 1,790 2,083 2,553 2,335
EPS in Rs 8.41 8.37 9.66 5.20 4.69 6.29 7.49 7.70 9.02 10.49 12.86 10.62
Dividend Payout % 43% 43% 52% 54% 60% 57% 20% 19% 200% 60% 19% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 16%
TTM: -10%
Compounded Profit Growth
10 Years: 7%
5 Years: 8%
3 Years: 8%
TTM: -15%
Stock Price CAGR
10 Years: 12%
5 Years: 26%
3 Years: 21%
1 Year: 64%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 10%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Equity Capital 308 309 310 310 397 397 397 397 397 397 397 440
Reserves 8,497 9,176 9,793 9,996 18,960 19,576 20,615 21,808 19,919 21,808 23,108 33,787
43 40 29 33 29 24 40 41 368 351 949 664
3,465 3,439 3,768 3,822 3,967 4,630 4,134 4,744 4,797 5,627 11,449 9,238
Total Liabilities 12,313 12,965 13,901 14,162 23,353 24,627 25,187 26,991 25,481 28,183 35,904 44,129
5,862 6,063 6,227 6,092 5,942 5,722 5,664 5,812 5,932 7,671 8,620 8,803
CWIP 520 695 690 414 320 398 610 1,109 1,874 951 842 1,548
Investments 1,656 1,788 2,173 2,226 11,845 11,845 11,814 11,789 11,792 11,774 11,776 14,058
4,275 4,419 4,811 5,430 5,246 6,662 7,099 8,281 5,884 7,787 14,667 19,719
Total Assets 12,313 12,965 13,901 14,162 23,353 24,627 25,187 26,991 25,481 28,183 35,904 44,129

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
1,857 1,287 1,675 1,553 1,416 1,836 572 2,485 2,606 2,477 2,010 2,757
-393 -522 -460 -83 -3,469 -173 -254 -734 -641 -887 -9,327 -7,603
-504 -663 -717 -897 -683 -749 -478 -389 -3,760 -317 3,612 5,697
Net Cash Flow 960 101 498 573 -2,736 915 -160 1,362 -1,795 1,273 -3,706 852

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Debtor Days 8 9 8 11 16 11 15 16 6 8 10 15
Inventory Days 422 381 395 458 454 493 309 230 462 216 140
Days Payable 252 265 300 399 451 428 304 271 362 207 128
Cash Conversion Cycle 8 179 124 106 75 13 80 22 -35 108 19 27
Working Capital Days -54 -53 -61 -64 -71 -74 -42 -73 -97 -70 48 2
ROCE % 26% 16% 18% 11% 9% 9% 8% 9% 12% 14% 14% 11%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
63.26% 63.21% 63.19% 63.20% 63.22% 63.22% 63.22% 63.20% 63.19% 63.19% 66.74% 70.33%
16.52% 14.69% 12.97% 12.82% 11.05% 10.66% 11.16% 12.45% 11.65% 11.88% 11.09% 9.90%
13.35% 15.09% 16.25% 14.98% 16.26% 16.71% 14.48% 14.14% 15.26% 15.56% 14.24% 12.73%
0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.23% 0.21%
6.61% 6.74% 7.34% 8.75% 9.23% 9.13% 10.87% 9.94% 9.63% 9.10% 7.69% 6.85%
No. of Shareholders 2,90,2453,21,1924,37,8384,36,4494,98,4854,68,8177,04,9946,18,7765,98,1475,64,8475,42,7735,45,152

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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