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Ambuja Cements Limited

AMBUJACEMNSE
Market snapshot · 2026-08-11 11:27 UTC

424.00

₹-6.85 (-1.59%)

MARKET CAP

₹1.05L Cr

STOCK P/E

23.9x

52W HIGH

₹605.45

52W LOW

₹394.00

BOOK VALUE

₹240.10

EPS

₹17.71

ROE

SECTOR

Materials

DEBT/EQUITY

1.21

VOLUME

14.39L

P/B RATIO

1.77x

PEG RATIO

5.15

Sector

Materials

Themes

CementAdani GroupLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹579.58₹536.40₹493.21₹450.03₹406.84VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Ambuja Cements is an Indian cement manufacturer serving home builders, developers, institutions, and construction professionals. Cement drives the business through Portland, composite, and specialized products, while Ready Mix Concrete adds project-linked revenue. Adani Ambuja Kawach, Plus, Compocem, and Cool Walls target waterproofing, density, sustainability, and insulation needs. Revenue grew 18.8% year-on-year, while improving margins indicate better operating leverage despite a 2% share-price decline following an unfavorable company report. Profit growth of 9.9% trails revenue growth, but the improving margin trend supports better earnings quality; ROE is unavailable. Debt-to-equity of 1.21 indicates material leverage, which can amplify ROE but increases sensitivity to interest costs and cement-cycle volatility. At 24.3 times earnings, valuation appears fair against current growth, rather than discounted. The key open question is whether margin gains can offset leverage and sustain profit growth as capacity and pricing conditions evolve.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for AMBUJACEM.

38.00 analysts

Price Forecast

Current
₹424.00
High Target
₹639.00
▲ +50.7%
Median Target
₹485.50
▲ +14.5%
Low Target
₹350.00
▼ -17.5%
Now₹424.00High ₹639.00Median ₹485.50Low ₹350.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
38 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹351.42 - ₹496.7380%
6M₹322.34 - ₹525.8480%
12M₹282.82 - ₹565.0680%
Realized vol: +27.0% · Drift: -2.2%

Revenue Forecast

₹ Cr
Jun '26Current₹6,328.0
Sep 2026 ETrend estimate range
High₹6,178.7Base₹5,721.0Low₹5,263.3
Sep '25: ₹5,150.0 · Dec '25: ₹6,351.0 · Mar '26: ₹6,974.0 · Jun '26: ₹6,328.0 · Sep '26: ₹5,721.0 · Dec '26: ₹7,055.1
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E5,150.06,351.06,974.06,328.05,721.07,055.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹2.03
Sep 2026 ETrend estimate range
High₹7.45Base₹6.65Low₹5.86
Sep '25: ₹5.61 · Dec '25: ₹-0.17 · Mar '26: ₹6.65 · Jun '26: ₹2.03 · Sep '26: ₹6.65 · Dec '26: ₹-0.20
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E5.61-0.176.652.036.65-0.20
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
51%
Analyst Consensus
Weakening

From 38 analysts

Mean upside+15.5%

Fundamentals

Weakening

Fundamentals institutional score is 18 using growth durability 18.1.

Valuation

Attractive relative to peers

Valuation institutional score is 79 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 54 using mean target upside 15.5%; dispersion penalty 23.6; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 62 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. valuation provide support, while fundamentals and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price489.9 target
Mean Upside+15.5%
Technical Score62%
Fundamental Score18%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 22.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.48). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹14.53. Applying the stock's normalized valuation corridor produces a fair range of ₹375.60 to ₹474.40, with base value near ₹446.36 (+5.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹14.53

Forward P/E

29.2x

Base Fair Value

₹446.36

Fair Range

₹375.60 - ₹474.40

Upside To Base

+5.3%

Estimate Source

Live forward EPS

Growth Estimate

-27.5%

P/E
Strongly Undervalued

5Y Average

27.02

Current

23.94

Overvalued

32.65

Undervalued

25.85

EV/EBITDA
Strongly Undervalued

5Y Average

21.55

Current

19.09

Overvalued

25.02

Undervalued

17.92

P/B
Strongly Undervalued

5Y Average

2.29

Current

1.77

Overvalued

2.64

Undervalued

1.95

Peers & Comparison

Sector: Materials · Theme: Cement

Cement Peers8 peers
Avg P/E: 36.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+10.5%2.8%
44.5x
Premium
+22% vs avg
+23.4%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
30.7x
Undervalued
-16% vs avg
-5.0%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.4x
Undervalued
-61% vs avg
+58.0%
HCL TECHNOLOGIES LTD
HCLTECHIT Services & Consulting
+3.0%13.0%
21.2x
Undervalued
-42% vs avg
-8.8%
BAJAJ AUTO LIMITED
BAJAJ-AUTOTwo Wheelers
+64.0%16.3%
27.7x
Undervalued
-24% vs avg
+42.5%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
50.3x
Premium
+38% vs avg
+50.1%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
65.0x
Premium
+78% vs avg
+23.2%
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.0x
Fair
+4% vs avg
+41.7%
WHY THESE PEERS

AMBUJA CEMENTS LTD trades at a discount (23.9x vs peer avg 36.5x), suggesting potential undervaluation relative to the Cement cohort. Peers include GRASIM INDUSTRIES LTD, DR. REDDY S LABORATORIES, HINDALCO INDUSTRIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹6.33K CrJun 2026

Latest net profit

₹504 CrJun 2026

Latest EPS

₹2.03Jun 2026

Net margin

15.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%-2.50K Cr0.00 Cr2.50K Cr5.00K Cr7.50K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr₹-3₹0₹3₹6₹9
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026-25.00K Cr0.00 Cr25.00K Cr50.00K Cr75.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +4,7303,9704,4404,7804,5524,2295,0826,6196,1485,1506,3516,9746,328
Expenses +3,7813,1963,5883,9833,9063,5484,4815,5545,1244,4465,8216,3255,393
Operating Profit9497738517986466816011,0651,024704531649935
OPM %20%19%19%17%14%16%12%16%17%14%8%9%15%
Other Income +189378108161407265772402447-11626135235
Interest404345344132358385075576
Depreciation232229233244249240253518445254521597468
Profit before tax8678806806817636731,084941988285-38182626
Tax %26%27%25%22%26%26%-62%41%19%-388%6%-803%19%
Net Profit +6456445145325675011,7585557971,388-411,644504
EPS in Rs3.253.242.592.422.302.037.142.253.245.61-0.176.652.03
Raw PDF
YOY Sales Growth %18.29%8.00%7.53%12.31%-3.75%6.52%14.46%38.46%35.06%21.79%24.99%5.37%2.93%
Material Cost %20.49%20.23%26.92%30.26%27.95%30.59%36.43%31.03%25.55%35.79%34.43%33.24%29.14%
Employee Cost %3.58%3.75%3.08%2.76%3.04%3.12%2.81%2.67%2.90%2.91%2.49%2.52%2.53%
Exceptional items000-16-1300040-223-40-980
Other income normal18937810817742026577240240710766233235
Exceptional items AT000-12-1000032-18318-980
Profit excl Excep6456445145455775011,7585557651,571-591,742504
Profit for PE6456445145455775011,7585557651,571-591,742504
Profit for EPS6456445145325675011,7585557971,388-411,644504
YOY Profit Growth %-39%323%23%-3%-11%-22%242%2%33%214%-103%214%-34%

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +67.57%67.68%67.68%67.68%67.33%
FIIs +7.43%5.91%5.80%5.87%5.63%
DIIs +18.49%19.41%19.64%19.86%19.44%
Government +0.21%0.21%0.21%0.21%0.21%
Public +6.30%6.77%6.67%6.36%7.38%
Others0.02%0.02%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Commissioning Of Project

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Credit Rating

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 03, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Jul 29, 2026PDFCompany Reports Open