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 ₹ 1,26,754 Cr.
- Current Price ₹ 638
- High / Low ₹ 649 / 376
- Stock P/E 38.9
- Book Value ₹ 166
- Dividend Yield 0.39 %
- ROCE 12.6 %
- ROE 10.8 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 71.8%
- Promoter holding has increased by 7.14% over last quarter.
Cons
- Stock is trading at 3.85 times its book value
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 11.0% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,489 | 9,749 | 9,161 | 9,955 | 9,437 | 20,094 | 23,609 | 26,041 | 27,104 | 24,516 | 28,965 | 38,937 | 32,232 | |
6,490 | 7,276 | 7,492 | 8,022 | 7,895 | 16,913 | 19,751 | 22,030 | 22,507 | 19,511 | 22,755 | 33,815 | 26,292 | |
Operating Profit | 1,998 | 2,473 | 1,669 | 1,934 | 1,542 | 3,181 | 3,858 | 4,011 | 4,597 | 5,006 | 6,210 | 5,122 | 5,940 |
OPM % | 24% | 25% | 18% | 19% | 16% | 16% | 16% | 15% | 17% | 20% | 21% | 13% | 18% |
203 | 69 | 390 | 419 | 353 | 441 | 335 | 232 | 601 | 288 | 252 | 447 | 1,094 | |
Interest | 53 | 78 | 67 | 66 | 92 | 153 | 206 | 170 | 170 | 140 | 146 | 195 | 223 |
Depreciation | 446 | 569 | 494 | 513 | 630 | 1,461 | 1,219 | 1,154 | 1,153 | 1,162 | 1,152 | 1,645 | 1,523 |
Profit before tax | 1,701 | 1,896 | 1,498 | 1,774 | 1,173 | 2,008 | 2,768 | 2,919 | 3,875 | 3,992 | 5,164 | 3,729 | 5,288 |
Tax % | 28% | 32% | 15% | 16% | 31% | 29% | 30% | -2% | 28% | 22% | 28% | 19% | |
1,227 | 1,292 | 1,278 | 1,487 | 808 | 1,434 | 1,945 | 2,973 | 2,783 | 3,107 | 3,711 | 3,024 | 3,976 | |
EPS in Rs | 8.00 | 8.39 | 8.27 | 9.59 | 5.21 | 5.57 | 7.64 | 10.97 | 10.55 | 11.91 | 14.00 | 13.01 | 15.95 |
Dividend Payout % | 40% | 43% | 44% | 46% | 54% | 50% | 47% | 14% | 14% | 151% | 45% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 13% |
3 Years: | 10% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 23% |
3 Years: | 28% |
1 Year: | 64% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 7,758 | 8,489 | 9,153 | 9,760 | 9,961 | 19,424 | 20,275 | 21,973 | 23,681 | 22,360 | 24,957 | 26,301 | 32,510 |
69 | 60 | 48 | 34 | 35 | 29 | 24 | 40 | 41 | 471 | 477 | 523 | 745 | |
3,443 | 3,487 | 3,446 | 3,774 | 3,827 | 12,974 | 14,813 | 14,981 | 16,059 | 16,490 | 19,374 | 24,501 | 19,728 | |
Total Liabilities | 11,576 | 12,345 | 12,956 | 13,878 | 14,133 | 32,824 | 35,509 | 37,391 | 40,178 | 39,718 | 45,205 | 51,721 | 53,380 |
6,266 | 5,951 | 6,147 | 6,310 | 6,170 | 21,410 | 20,898 | 20,636 | 20,701 | 20,486 | 22,254 | 23,551 | 24,913 | |
CWIP | 488 | 524 | 698 | 692 | 416 | 582 | 667 | 1,008 | 1,554 | 2,422 | 2,168 | 2,526 | 2,184 |
Investments | 806 | 1,581 | 1,714 | 2,097 | 2,149 | 175 | 153 | 133 | 150 | 167 | 198 | 214 | 197 |
4,017 | 4,289 | 4,399 | 4,780 | 5,398 | 10,657 | 13,791 | 15,613 | 17,773 | 16,643 | 20,585 | 25,430 | 26,087 | |
Total Assets | 11,576 | 12,345 | 12,956 | 13,878 | 14,133 | 32,824 | 35,509 | 37,391 | 40,178 | 39,718 | 45,205 | 51,721 | 53,380 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,532 | 1,860 | 1,267 | 1,675 | 1,557 | 2,810 | 3,416 | 1,703 | 4,739 | 4,832 | 5,309 | 735 | |
-445 | -388 | -496 | -456 | -83 | -4,165 | -738 | -765 | -1,191 | -1,317 | -2,007 | -14,481 | |
-473 | -509 | -672 | -721 | -900 | -958 | -1,015 | -719 | -629 | -3,956 | -516 | 2,931 | |
Net Cash Flow | 614 | 962 | 99 | 498 | 574 | -2,312 | 1,663 | 220 | 2,919 | -441 | 2,786 | -10,815 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 11 | 8 | 9 | 8 | 11 | 17 | 14 | 18 | 14 | 8 | 8 | 11 |
Inventory Days | 537 | 419 | 379 | 394 | 339 | 323 | 333 | 208 | 193 | 337 | 234 | |
Days Payable | 557 | 251 | 265 | 299 | 324 | 370 | 339 | 231 | 259 | 359 | 198 | |
Cash Conversion Cycle | -9 | 8 | 176 | 123 | 107 | 32 | -33 | 13 | -9 | -58 | -14 | 46 |
Working Capital Days | -58 | -54 | -54 | -61 | -65 | -67 | -62 | -34 | -56 | -80 | -73 | 45 |
ROCE % | 22% | 26% | 16% | 18% | 11% | 11% | 12% | 12% | 14% | 14% | 17% | 13% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
- Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 2d
- Submission Of Yearly Certificate Under Regulation 40(10) Of SEBI ( Listing Obligations And Disclosures Requirements ) Regulations,2015 22 Apr
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Apr
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Apr - Newspaper advertisement for dispatch of postal ballot notice.
Annual reports
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Financial Year 2023
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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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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]