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Ambuja Cements Limited
(AMBUJACEM)
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Rating:68Neutral
Price Target:
₹483.00
▲(16.93% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by strong financial fundamentals—especially the exceptionally low-leverage balance sheet and improving net income—tempered by inconsistent free cash flow and signs of operating margin pressure. Technicals are moderately supportive but not fully in a long-term uptrend (below the 200-DMA), and valuation/income support is only average given the P/E and low dividend yield.
Positive Factors
Low leverage / strong balance sheet
Very low leverage provides structural financial resilience: the company can fund cyclical downturns, support required capex, and pursue strategic investments without heavy external borrowing. That durability reduces bankruptcy risk and preserves strategic optionality over 2–6 months and beyond.
Negative Factors
Inconsistent and negative free cash flow
Repeated negative FCF despite periods of strong operating cash flow signals structural cash conversion variability driven by heavy investment or working-capital swings. This limits consistent capital returns, forces careful capex planning, and could necessitate financing during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low leverage provides structural financial resilience: the company can fund cyclical downturns, support required capex, and pursue strategic investments without heavy external borrowing. That durability reduces bankruptcy risk and preserves strategic optionality over 2–6 months and beyond.
Read all positive factors
Ambuja Cements Limited (AMBUJACEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹983.99B
Dividend Yield0.51%
Average Volume (3M)120.99K
Price to Earnings (P/E)22.1
Beta (1Y)1.11
Revenue Growth10.70%
EPS Growth1.03%
CountryIN
Employees5,909
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)18.58
Shares Outstanding2,484,817,100
10 Day Avg. Volume137,520
30 Day Avg. Volume120,987
Financial Highlights & Ratios
PEG Ratio1.66
Price to Book (P/B)1.67
Price to Sales (P/S)2.45
P/FCF Ratio-123.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹470.00Price Target Upside13.79% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)10.24
Revenue Forecast (FY)₹433.91B
Ambuja Cements Limited Business Overview & Revenue Model
Company Description
Ambuja Cements Limited, including its subsidiaries, is a leading Indian entity engaged in the production and sale of cement and related building materials. The company serves a diverse customer base throughout India, targeting individual homeowner...
How the Company Makes Money
Ambuja Cements primarily makes money by manufacturing and selling cement to customers in India. Its core revenue stream is the sale of cement (including branded and blended cement variants) to (a) retail trade customers via dealers/distributors an...
Ambuja Cements Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 404.46B | 333.62B | 325.30B | 309.83B | 285.48B |
| Gross Profit | 185.07B | 247.99B | 250.19B | 272.75B | 234.67B |
| EBITDA | 70.93B | 86.24B | 78.08B | 42.18B | 64.66B |
| Net Income | 47.28B | 41.67B | 35.73B | 19.38B | 27.80B |
Balance Sheet | |||||
| Total Assets | 896.07B | 809.45B | 652.98B | 517.21B | 452.07B |
| Cash, Cash Equivalents and Short-Term Investments | 9.59B | 98.83B | 160.21B | 97.51B | 113.94B |
| Total Debt | 8.66B | 7.88B | 6.99B | 5.23B | 4.77B |
| Total Liabilities | 177.60B | 171.34B | 144.52B | 129.65B | 127.09B |
| Stockholders Equity | 593.47B | 534.43B | 414.50B | 140.69B | 253.54B |
Cash Flow | |||||
| Free Cash Flow | -8.02B | -64.50B | 19.59B | -27.97B | 29.75B |
| Operating Cash Flow | 55.42B | 22.37B | 64.41B | 5.88B | 53.09B |
| Investing Cash Flow | -82.68B | -75.31B | -99.80B | -115.85B | -20.07B |
| Financing Cash Flow | -14.77B | 55.92B | 59.23B | 23.45B | -5.16B |
Ambuja Cements Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹983.99B | 22.14 | ― | 0.51% | 10.70% | 1.03% | |
63 Neutral | ₹3.25T | 37.89 | ― | 2.18% | 19.07% | 21.21% | |
62 Neutral | ₹235.65B | 12.26 | ― | 0.60% | 15.35% | -21.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹326.98B | 35.08 | ― | 0.51% | 7.60% | -0.22% | |
49 Neutral | ₹821.20B | 49.96 | ― | 0.66% | 12.63% | 9.64% | |
48 Neutral | ₹164.63B | 20.75 | ― | 0.42% | ― | ― |
* General Sector Average
IN:AMBUJACEM
Ambuja Cements Limited
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-166.69
-29.89%
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Ambuja Cements Limited Corporate Events
Ambuja Cements Confirms SEBI-Compliant Dematerialisation for June Quarter
Jul 8, 2026
Ambuja Cements Limited has submitted a confirmation certificate from its registrar and share transfer agent, MUFG Intime India Private Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter en...
Ambuja Cements shareholders clear 2026 accounts, dividend and board reappointment
Jun 29, 2026
Ambuja Cements Limited has reported to multiple stock exchanges the voting outcomes from its 43rd Annual General Meeting held on June 26, 2026 via video conferencing and other audio visual means. The company has published both the detailed voting ...
Ambuja Cements Publishes AGM, Dividend Record Date and E-Voting Notice
Jun 1, 2026
Ambuja Cements has published newspaper advertisements in English and Gujarati announcing its 43rd Annual General Meeting, along with the record date for dividend eligibility and details of remote e-voting facilities for shareholders. The disclosur...
Ambuja Cements Publishes FY26 Earnings Call Transcript for Investor Access
May 10, 2026
Ambuja Cements Limited announced that the transcript of its earnings conference call for the quarter and financial year ended March 31, 2026, has been made available on the company’s website. The call, held on May 4, 2026, covered the audite...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.