Partner With Us NRI

Ambuja Cements Ltd share Price Today

Company details

6M Return 8.47%
1Y Return -15.06%
Mkt Cap.(Cr) 98,160.36
Volume 4,085,720
Div Yield 0.51%
OI Chg %
Volume 4,085,720

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Technical Outlook
    The Nifty Infra index is on the cusp of breaking above last one year range and witnessed a faster retracement of the last nine month’s decline in just five months, indicating a structural turnaround. Within the infra space, we expect cement stocks to witness catch up activity after multi-month underperformance as many negatives now look priced in. Further sharp decline in crude oil prices and other commodities would work as tailwinds for the sector. Within large cap cement space, Ambuja cement stands out basis its relative strength and remains our top pick
    Share price of Ambuja cement is seen consolidating its September 2022 gains after a strong breakout and current consolidation offers fresh entry opportunity to ride the structural uptrend
    Key observation has been that a) the breakout above CY21 highs in September 2022, was backed by strong volumes supporting longivitiy of uptrend, b) Since June 2022, every time when stock pulled back to its rising 50-day EMA it resulted in elevated buying demand making a case of continuation of uptrend
    We expect share price to head towards ₹660 over next few months where current upmove  from October lows of 471 would achieve equality with August-September upmove (395-585=190 points)
Fundamental Outlook
    Ambuja Cement (Now Adani group conglomerate) is large cement player with capacity of 31.5MT spread across North (35%), South (24%), West (~20%), East (~21%) in India. It has large marketing set-up & pan-India presence.
    The Company, with effect from 16th September 2022, has terminated its agreement with Holcim Technology Limited for payment of technology and know-how fees@ 1% of eligible net sales.
    While the Q2 performance was weak, it was mainly led by monsoon and higher fuel cost impact. With fuel prices now lower by 30-40% from their peak and onset of busy construction season, we expect margin profile to now improve from December quarter onwards. 
    The new management plans to increase consolidated capacity to ~140MT in next 5 years (ie. at 16% CAGR). Keeping this in mind, the new board of Ambuja (parent of ACC) has approved fund infusion of ₹20,000 crore by issuing warrants to promoter entity on a preferential basis at price of ₹419. Post conversion of these warrants, promoter’s shareholding in Ambuja will increase to 70.3% v/s 63.2% at present.
    Company is investing of ₹3,500 crore for expansion of 7.0MT GUs across their existing units at Sankrail and Farakka and at a greenfield location at Barh, in Bihar, supported by a 3.2MT brownfield clinker expansion at existing integrated plant in Bhatapara, Chhattisgarh.
    By 2025, the company expects eastern region utilisation to move to over 85% as per capita consumption currently remains very low at 216 kg vs. all India average of 242 kg. This is expected to improve significantly supported by major infra & housing projects
    It has strong BS. Also, the group’s exposure into energy and logistics will help them to improve cost dynamics and gain supply chain efficiencies

Click here for full recommendation

Research view on more stocks

Ambuja Cements announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Revenue grew by 4.1% at Rs 7,424 crore.
    • EBITDA stood at Rs 1,302 crore (up by Rs 975 crore), driven by operational excellence and cost-saving projects
    • EBITDA margin expanded by 12.9 pp from 4.6% to 17.5%.
    • Clinker & Cement sales volume growth of 2.3% YoY at 13.1 Mn T
    • Kiln Fuel cost reduced by 34%, (Rs 2.72/’000 kCal to Rs 1.79/’000 kCal) expected to further come down through mix and source optimisation
    • WHRS power mix has gone up by 11.2 pp to 15%
  • H1FY24:
    • Revenue grew by 6.4% at Rs 16,137 crore.
    • EBITDA up by Rs 1,531 crore, at Rs 2,969 crore.
    • EBITDA margin expanded by 8.9 pp from 9.5% to 18.4%.
    • Clinker & Cement sales volume growth of 5.9% YoY at 28.5 Mn T
    • Kiln Fuel cost reduced by 26% (Rs 2.59/’000 kCal to Rs 1.92/’000 kCal), expected to further come down through mix and source optimisation
    • WHRS power mix improved to 15%, Expected to reach 17 % by end of FY’24

Ajay Kapur, Whole Time Director & CEO, Ambuja Cements said, “Continuing our transformation journey, we are pleased to report a strong performance (standalone) in the second quarter of FY‘24, with a 8% increase in revenue, 147% increase in EBITDA at Rs 773 crore and 364% increase in PAT at Rs 644 crore compared to the previous year same quarter. Along with strong demand for our premium cement products, our business performance improved due to operational excellence, supply chain management and sales & marketing excellence, Adjacencies benefits with Group companies are lowering input costs which is boosting EBITDA & Margin growth.

Operational efficiencies helped in reduction in Kiln fuel cost from Rs 2.72/’000 kCal to Rs 1.79/’000 kCal & CPP fuel cost from Rs 2.27/’000 kCal to Rs 1.65/’000 kCal.

Logistics efficiencies has resulted in Direct dispatch up from 48% to 58%.

Our commitment to sustainability remains strong. We are consistently taking measures to benefit our communities and reduce our carbon footprint. These include diminishing energy intensity, implementing Waste Heat Recovery Systems, and augmenting renewable energy generation.

For the new facility of 4 MTPA at Bhatapara apart from Equipment which has been ordered, civil execution work has started. Expected completion by Q2 FY’26 For its corresponding Grinding unit at Sankrail and Farakka order has been placed on EPC vendor and piling work has also started. Expected completion of these units by Q3 FY’25.

For the new facility of 4 MTPA at Maratha LOI has been placed on EPC vendor, Site development and Pre project has also been started. EC and CTE approval are expected in this quarter. Expected completion by Q4 FY’26”


Result PDF

View Other Company Results


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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Ambuja Cements Ltd Stocks COMPARISION


Equity Capital: 25,353.74 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,819.21 39,849.27
LAST 3M 59,182.99 17,912.96
LAST 6M 101,166.54 92,564.27
LAST 12M 166,925.45 138,096.90
Ambuja Cements Limited - Acquisition

Dec 05, 2023 l NSE Announcement

Ambuja Cement completes acquisition of Sanghi Industries

Dec 05, 2023 l BSE Announcement

Date Action Type Ratio
Jul 07, 2023 Dividend 125
Mar 30, 2022 Dividend 315
Mar 19, 2021 Dividend 50

Ambuja Cements Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : shares:ambujacement.com
Website : http://www.ambujacement.com

Sharepro Services India P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500425
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 Dec 08, 2023 03:59 PM the closing price of Ambuja Cements Ltd was ₹ 494.35.

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 Dec 08, 2023 03:59 PM, the market cap of Ambuja Cements Ltd stood at ₹ 98,160.36.

The latest PE ratio of Ambuja Cements Ltd as of Dec 08, 2023 03:59 PM is 32.74

The latest PB ratio of Ambuja Cements Ltd as of Dec 08, 2023 03:59 PM is 0.34

The 52-week high of Ambuja Cements Ltd is ₹ 598.00 while the 52-week low is ₹ 315.30

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

Download Our App

market app
market app