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Ambuja Cements Ltd share Price Today

Company details

601.05
614.15
373.35
640.80
6M Return 40.80%
1Y Return 59.16%
Mkt Cap.(Cr) 133,981.32
Volume 2,001,911
Div Yield 0.41%
OI
-
OI Chg %
-
Volume 2,001,911

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About The Stock

    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

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Ambuja Cements announced Q3FY24 results:

Financial Performance

  • Revenue: Increased to Rs 8,129 crore in Q3FY24 from Rs 7,907 crore in Q3FY23. 
  • Sales Volume: Grew by 3% to 14.1 million tonnes in Q3FY24.
  • Operating EBITDA: Increased by 70% to Rs 1,732 crore in Q3FY24.
  • Profit After Tax (PAT): Saw a rise of 123% to Rs 1,090 crore for the same period.
  • Earnings Per Share (EPS): Diluted EPS went up from Rs 2.02 in Q3FY23 to Rs 3.86 in Q3FY24
  • Cash & Cash Equivalents: Reported at Rs 8,591 crore, the highest in the industry.
  • Operating EBITDA Margin: Improved by 8.2 percentage points to 21.3% in Q3, the highest amongst its peer group.

Capacity Expansion

  • New Acquisitions: Completed the acquisition of Sanghi Industries (6.1 MTPA) and a 55% stake in Asian Concretes and Cements Pvt. Ltd. (2.8 MTPA).
  • Total Capacity: With new additions, capacity is at 77.4 MTPA, a 15% increase from the previous year.
  • Expansion Plans: Implementing 32 MTPA additional cement capacity; approved a further 12 MTPA expansion targeting 110 MTPA by FY 2028.

Cost Management

  • Kiln Fuel Cost: Reduced by 25% year-over-year.
  • Total Cost PMT: Decreased by Rs 491 on a consolidated basis, with additional savings expected from ongoing efficiency improvement projects.

Environmental Initiatives

  • Green Power Projects: With an investment of Rs 10,000 crore, these projects will contribute to 60% of green power for the expanded capacity, while reducing operating costs.

Outlook

  • Industry Growth Projections: Cement industry demand growth estimated between 7% and 8% due to investments in infrastructure and real estate.

Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, "Our performance is a reflection of our resilience and focused efforts. Our pursuit of excellence continues to propel us towards setting new benchmarks in our steady growth. We remain steadfast in our mission to deliver value for all stakeholders by redefining the industry landscape.”

 

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Ambuja Cements Ltd shares SWOT Analysis

Strengths (9)

  • Promoter holding increased more than 2% QoQ
  • Company with high TTM EPS Growth
  • Growth stocks, promoters increasing shareholding

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 615.5
R2 621.4
R3 628.6
Pivot

608.28

S1 602.4
S2 595.2
S3 589.3
EMA SMA
611.8
593.5
560.5
518.5
611.1
598.1
556.5
495.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 527.45 360861 BSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Purchase 2024-01-25 527.45 351532 BSE
MARSHALL WACE INVESTMENT STRATEGIESGTOPS FUND Block Purchase 2024-01-25 527.45 192595 BSE
Name Category Shares
Holderind Investments Ltd PROMOTER 57.06%
Harmonia Trade And Investment Limited PROMOTER 9.65%

OUR RESEARCH VIEW

Investment recommendation
Call Date
09 Feb 2023
Entry Price 355.00
Target Price 500.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ambuja Cements Ltd Stocks COMPARISON

Financials( in Cr) Ambuja Cements Ltd UltraTech Cement Ltd Shree Cement Ltd ACC Ltd Dalmia Bharat Ltd
Price 609.65 9,363.95 24,368.75 2,405.15 1,943.45
% Change -0.91 -0.20 -0.23 -0.28 -0.28
Mcap Cr 133,981.32 270,325.06 87,924.89 45,165.59 36,449.02
Revenue TTM Cr 28,965.46 61,326.50 17,852.33 16,151.67 13,540.00
Net Profit TTM Cr 3,711.04 4,916.88 1,269.14 1,863.10 1,079.00
PE TTM 36.94 42.17 39.12 26.99 29.97
1 Year Return 59.16 23.29 -3.54 36.65 -4.50
ROCE 21.37 12.86 8.51 18.51 7.88
ROE 15.43 9.62 7.03 13.80 6.81
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 25,353.74 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
Ambuja Cements Limited - Addendum

Apr 19, 2024 l NSE Announcement

Ambuja Cements Limited - Allotment of Securities

Apr 18, 2024 l NSE Announcement

Adani family infuses Rs 20,000 cr in Ambuja Cements` warrants program

Apr 17, 2024 l BSE Announcement

Date Action Type Ratio
Jul 07, 2023 Dividend 125
Mar 30, 2022 Dividend 315

Ambuja Cements Ltd Information

Stock PE (TTM)
36.94
Promoter Holding
66.7%
Book Value
165.7237
ROCE
21.37%
ROE
15.43%
Description
  • 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.

Registered Address

Ambujanagar P O, Taluka Kodinar, Gir Somnath, Gujarat, 362715

Tel : 91-2795-221137/232365
Email : investors.relation:adani.com
Website : http://www.ambujacement.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500425
NSE Code : AMBUJACEM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE079A01024

FAQ’s on Ambuja Cements Ltd Shares

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 Apr 19, 2024 03:53 PM the closing price of Ambuja Cements Ltd was ₹ 609.65.

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 Apr 19, 2024 03:53 PM, the market cap of Ambuja Cements Ltd stood at ₹ 133,981.32.

The latest PE ratio of Ambuja Cements Ltd as of Apr 19, 2024 03:53 PM is 36.94

The latest PB ratio of Ambuja Cements Ltd as of Apr 19, 2024 03:53 PM is 0.27

The 52-week high of Ambuja Cements Ltd share price is ₹ 640.80 while the 52-week low is ₹ 373.35

According to analyst recommendations, Ambuja Cements Ltd Share has a “Buy” rating for the long term.

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