Ambuja Cements Ltd
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]
- Market Cap ₹ 1,21,055 Cr.
- Current Price ₹ 610
- High / Low ₹ 641 / 373
- Stock P/E 51.2
- Book Value ₹ 122
- Dividend Yield 0.41 %
- ROCE 14.2 %
- ROE 11.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 93.0%
- Promoter holding has increased by 3.55% over last quarter.
Cons
- Stock is trading at 4.98 times its book value
- Company has a low return on equity of 10.1% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,472 | 9,685 | 9,129 | 9,934 | 9,417 | 9,197 | 10,457 | 11,357 | 11,668 | 11,372 | 13,979 | 19,985 | 17,395 | |
6,474 | 7,212 | 7,453 | 8,000 | 7,860 | 7,504 | 8,517 | 9,465 | 9,519 | 8,725 | 10,764 | 16,765 | 14,034 | |
Operating Profit | 1,998 | 2,473 | 1,676 | 1,934 | 1,557 | 1,692 | 1,940 | 1,891 | 2,149 | 2,647 | 3,215 | 3,220 | 3,361 |
OPM % | 24% | 26% | 18% | 19% | 17% | 18% | 19% | 17% | 18% | 23% | 23% | 16% | 19% |
203 | 70 | 393 | 424 | 332 | 510 | 359 | 245 | 427 | 372 | 215 | 795 | 769 | |
Interest | 53 | 76 | 65 | 64 | 92 | 74 | 107 | 82 | 84 | 83 | 91 | 128 | 162 |
Depreciation | 445 | 565 | 490 | 510 | 626 | 849 | 573 | 548 | 544 | 521 | 552 | 832 | 899 |
Profit before tax | 1,703 | 1,902 | 1,514 | 1,783 | 1,172 | 1,279 | 1,619 | 1,506 | 1,948 | 2,414 | 2,788 | 3,055 | 3,070 |
Tax % | 28% | 32% | 14% | 16% | 31% | 27% | 23% | 1% | 22% | 26% | 25% | 16% | |
1,229 | 1,297 | 1,295 | 1,496 | 808 | 932 | 1,250 | 1,487 | 1,529 | 1,790 | 2,083 | 2,553 | 2,305 | |
EPS in Rs | 8.01 | 8.41 | 8.37 | 9.66 | 5.20 | 4.69 | 6.29 | 7.49 | 7.70 | 9.02 | 10.49 | 12.86 | 11.61 |
Dividend Payout % | 40% | 43% | 43% | 52% | 54% | 60% | 57% | 20% | 19% | 200% | 60% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 14% |
3 Years: | 20% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 17% |
3 Years: | 21% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 22% |
3 Years: | 27% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 307 | 308 | 309 | 310 | 310 | 397 | 397 | 397 | 397 | 397 | 397 | 397 | 397 |
Reserves | 7,763 | 8,497 | 9,176 | 9,793 | 9,996 | 18,960 | 19,576 | 20,615 | 21,808 | 19,919 | 21,808 | 23,108 | 23,903 |
49 | 43 | 40 | 29 | 33 | 29 | 24 | 40 | 41 | 368 | 351 | 949 | 839 | |
3,423 | 3,465 | 3,439 | 3,768 | 3,822 | 3,967 | 4,630 | 4,134 | 4,744 | 4,797 | 5,627 | 11,449 | 10,984 | |
Total Liabilities | 11,542 | 12,313 | 12,965 | 13,901 | 14,162 | 23,353 | 24,627 | 25,187 | 26,991 | 25,481 | 28,183 | 35,904 | 36,123 |
6,186 | 5,862 | 6,063 | 6,227 | 6,092 | 5,942 | 5,722 | 5,664 | 5,812 | 5,932 | 7,671 | 8,620 | 8,537 | |
CWIP | 487 | 520 | 695 | 690 | 414 | 320 | 398 | 610 | 1,109 | 1,874 | 951 | 842 | 1,068 |
Investments | 864 | 1,656 | 1,788 | 2,173 | 2,226 | 11,845 | 11,845 | 11,814 | 11,789 | 11,792 | 11,774 | 11,776 | 11,776 |
4,004 | 4,275 | 4,419 | 4,811 | 5,430 | 5,246 | 6,662 | 7,099 | 8,281 | 5,884 | 7,787 | 14,667 | 14,743 | |
Total Assets | 11,542 | 12,313 | 12,965 | 13,901 | 14,162 | 23,353 | 24,627 | 25,187 | 26,991 | 25,481 | 28,183 | 35,904 | 36,123 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,533 | 1,857 | 1,287 | 1,675 | 1,553 | 1,416 | 1,836 | 572 | 2,485 | 2,606 | 2,477 | 2,010 | |
-448 | -393 | -522 | -460 | -83 | -3,469 | -173 | -254 | -734 | -641 | -887 | -9,327 | |
-475 | -504 | -663 | -717 | -897 | -683 | -749 | -478 | -389 | -3,760 | -317 | 3,612 | |
Net Cash Flow | 610 | 960 | 101 | 498 | 573 | -2,736 | 915 | -160 | 1,362 | -1,795 | 1,273 | -3,706 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 8 | 9 | 8 | 11 | 16 | 11 | 15 | 16 | 6 | 8 | 10 |
Inventory Days | 538 | 422 | 381 | 395 | 458 | 454 | 493 | 309 | 230 | 462 | 216 | |
Days Payable | 553 | 252 | 265 | 300 | 399 | 451 | 428 | 304 | 271 | 362 | 207 | |
Cash Conversion Cycle | -5 | 8 | 179 | 124 | 106 | 75 | 13 | 80 | 22 | -35 | 108 | 19 |
Working Capital Days | -58 | -54 | -53 | -61 | -64 | -71 | -74 | -42 | -73 | -97 | -70 | 48 |
ROCE % | 22% | 26% | 16% | 18% | 11% | 9% | 9% | 8% | 9% | 12% | 14% | 14% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5m
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Announcement under Regulation 30 (LODR)-Newspaper Publication
58m - Newspaper advertisement for dispatch of postal ballot notice.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5h
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 6h
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 6h
Annual reports
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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 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
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Apr 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Oct 2021TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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]