Ambuja Cement (now Adani group conglomerate) is a large cement player with capacity of 31.5 MT across North (35%), South (24%), West (~20%), East (~21%) in India. It has a large marketing set-up & pan-India presence.
The upcoming new capacity in Punjab (1.5 MT) and eastern region (7.0 MT including clinker 3.2 MT) will enhance its cement capacity by ~8.5 MT to 40 MT. In phase II, the company plans to reach over ~50 MT capacity through capacity expansion in western region along with significant de-bottlenecking
The management plans to double its consolidated capacity to 140 MT (ACC + Ambuja) from current ~70 MT in the next five years
Q4CY22 Results:
Ambuja Cements’ financial performance for Q4CY22 improved sharply backed by improved operational efficiencies through group synergies.
Net revenues were up 10.4% YoY, 12.5% QoQ to ₹ 4128.5 crore, led by better sales volume
EBITDA margin rose 687 bps QoQ to 15.2% (vs. I-direct estimate: 12.2%). On per tonne basis, EBITDA/t was ₹ 813/t vs. I-direct estimate of ₹ 678/t
While the company incurred exceptional expenditure of ₹ 56 crore towards IT transition costs, better margins and higher other income led to net profit growth of 46% YoY, 167% QoQ to ₹ 369 crore
Cement & Cement Products company Ambuja Cements announced consolidated Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Quarterly Operating EBITDA for Q4: Increased by 37% YoY to Rs 1,699 crore.
Q4 EBITDA PMT: Rs 1,026/t up by 17% YoY
Quarterly EPS (diluted): Rs. 4.79, up by Rs 1.71 YoY
Cash and Cash Equivalents: Reported a healthy balance of Rs 24,338 crore.
Sales Volume Growth: Q4 FY24 saw a 17.3% rise at 16.6 million tonnes
Reduction in Kiln Fuel Cost: Achieved a 17% reduction YoY in Q4
Power Consumption Efficiency: Waste Heat Recovery System (WHRS) usage increased to 13.5% in Q4
FY24 Financial Highlights:
Annualized Profit After Tax (PAT): Ambuja Cements reported a lifetime highest annualized PAT of Rs 4,738 crore, an increase of 119% YoY.
Operating EBITDA for FY24: Increased by 73% to Rs 6,400 crore.
Sales Volume Growth: FY24 sales volume grew by 8.1% at 59.2 million tonnes.
Reduction in Kiln Fuel Cost: 26% reduction over the entire FY24.
Power Consumption Efficiency: Waste Heat Recovery System (WHRS) usage increased to12.4% for FY24.
Dividend: The company has recommended a dividend on equity shares at Rs 2.00 per share, maintaining consistency with the previous year on an annualized basis.
Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amidst a challenging global economic scenario. We remain steadfast in delivering long-term value and sustainable growth as we soar towards doubling capacities, investment in efficiency improvement, green power, assured supplies of raw-material and fuel. We continue to play a vital role in the nation’s growth story. Our growth blueprint implemented in the previous year towards capacity-building through organic and inorganic way, operational efficiency, and decarbonisation measures are yielding excellent results. “Cost optimisation remains core part of our strategy”.
Ambuja Cements is a cement manufacturing company and has a market capitalization of Rs. 81,292 crores as of 17th August 2021. The company started within the year 1983. It has reported quarterly net sales of Rs. 3371.18 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500425 and scrip code AMBUJACEM. As of 17th August 2021, the shares of Ambuja Cements were trading at Rs. 401.02.
Formerly, Ambuja Cements is referred to as Gujarat Ambuja Cement Limited. It markets cement and clinker for both domestic and export markets. The corporate is that the strategic partner of Holcim, the second-largest cement manufacturer in the world since 2006. Currently, Holcim holds a 61.62% stake in Ambuja Cements. The company is understood for its hassle-free, home-building solutions. Currently, the company has five integrated cement manufacturing plants and eight cement grinding units around the country, with a total capacity of 29.65 million tonnes. The company is additionally plastic negative by burning approximately 75,000 tonnes of plastic waste in its kilns, like 2.5 times the entire plastic used. The company’s promoters are holding 63.28% of the company’s total shareholding as of 17th August 2021 with zero promoter pledge. Promoter shareholding has remained constant during the last six months.
In June 2021, the company reported a consolidated net profit of Rs. 1,161 crores on the back of robust growth in volumes and efficiency gains. The net turnover during the quarter stood at Rs. 3,342 crores as against 2,145 crores within the same quarter of the previous year, leading to a growth of 56%. The premium products volume of the company grew by 69% compared to the same period last year. Also, total operating expense per ton sees a slight decline, despite continuous headwinds faced on account of rising input costs. EBITDA during the quarter was at Rs. 960 crores and showed a growth of 61% and operating EBIT was at Rs. 829 crores which showed robust growth of 78%. On a consolidated basis for the quarter and half year ended 30th June 2021, EBITDA was higher by 63% growth in operating EBIT was 87%. EPS of the company stood at Rs. 4.42 in June 2021 as against Rs. 4.77 in March 2021. Ambuja Cements shares closed at Rs. 401.50 (NSE) and has given a return of 83.04% over the last 12 months.
Ambuja Cements is a cement manufacturing company and has a market capitalization of Rs. 81,292 crores as of 17th August 2021. The company started within the year 1983. It has reported quarterly net sales of Rs. 3371.18 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500425 and scrip code AMBUJACEM. As of 17th August 2021, the shares of Ambuja Cements were trading at Rs. 401.02.
Formerly, Ambuja Cements is referred to as Gujarat Ambuja Cement Limited. It markets cement and clinker for both domestic and export markets. The corporate is that the strategic partner of Holcim, the second-largest cement manufacturer in the world since 2006. Currently, Holcim holds a 61.62% stake in Ambuja Cements. The company is understood for its hassle-free, home-building solutions. Currently, the company has five integrated cement manufacturing plants and eight cement grinding units around the country, with a total capacity of 29.65 million tonnes. The company is additionally plastic negative by burning approximately 75,000 tonnes of plastic waste in its kilns, like 2.5 times the entire plastic used. The company’s promoters are holding 63.28% of the company’s total shareholding as of 17th August 2021 with zero promoter pledge. Promoter shareholding has remained constant during the last six months.
In June 2021, the company reported a consolidated net profit of Rs. 1,161 crores on the back of robust growth in volumes and efficiency gains. The net turnover during the quarter stood at Rs. 3,342 crores as against 2,145 crores within the same quarter of the previous year, leading to a growth of 56%. The premium products volume of the company grew by 69% compared to the same period last year. Also, total operating expense per ton sees a slight decline, despite continuous headwinds faced on account of rising input costs. EBITDA during the quarter was at Rs. 960 crores and showed a growth of 61% and operating EBIT was at Rs. 829 crores which showed robust growth of 78%. On a consolidated basis for the quarter and half year ended 30th June 2021, EBITDA was higher by 63% growth in operating EBIT was 87%. EPS of the company stood at Rs. 4.42 in June 2021 as against Rs. 4.77 in March 2021. Ambuja Cements shares closed at Rs. 401.50 (NSE) and has given a return of 83.04% over the last 12 months.
Ambuja Cements share price as on 19 May 2024 is Rs. 620.7. Over the past 6 months, the Ambuja Cements share price has increased by 48.44% and in the last one year, it has increased by 52.66%. The 52-week low for Ambuja Cements share price was Rs. 395.5 and 52-week high was Rs. 649.
You can buy Ambuja Cements Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ambuja Cements Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:57 PM the closing price of Ambuja Cements Ltd was Rs.620.70.
Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:57 PM, the market cap of Ambuja Cements Ltd stood at Rs. 152,886.04.
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