AMBUJACEMConstruction Materials

Ambuja Cements Limited

Cement & Cement Products · ISIN INE079A01024 · BSE 500425 · NSE EQ · FV ₹2
Last price
₹383
+0.58%today
What this company does

Ambuja Cements Limited operates in Cement & Cement Products, part of the Construction Materials sector. It booked ₹9,500 cr of revenue in its latest quarter (Q1 FY27) and kept 6.1% of sales as profit. It is the 3rd largest of 9 Cement & Cement Products companies we track, by market value.

55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
28

At close. Not part of the score.

Profitability & returns27

How much profit it earns on the money it employs

Balance sheet74

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation55

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 67%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.1% net margin
! Sales down 8% vs last year
! Profit down 27% vs last year
! Low 3.9% return on equity

What if I invest in AMBUJACEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹383 +0.58%
latest close · 2026-09-17
1-year return
-3.8%
52-wk low ₹27452-wk high ₹451
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.3High
LowAverageHigh
P/B ratio1.60Moderate
Below bookModerateHigh
EV / EBITDA13.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.9%Weak
WeakFairStrong ▸15%
Return on capital4.7%Weak
WeakFairStrong
Net margin6.1%Decent
ThinDecentStrong
EBITDA margin18.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover15.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.05Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹95,238 cr
Book value
₹239
EPS
₹2.32
latest quarter
Net debt
₹-839 cr
more cash than debt
Enterprise value
₹94,399 cr
EBITDA
₹6,936 cr
annualised
EBIT
₹3,600 cr
annualised
Operating margin
9.5%
Return on assets
2.6%
Earnings yield
2.42%
P/S
2.51
Sales / share
₹152.9
Tax rate
22.3%
Face value
₹2
Shares
248.5 cr
Working capital
₹620 cr
Current assets
₹13,716 cr
Current liabilities
₹13,096 cr
Delivery %
46.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹266 vs market price ₹383 — price is 44% above it
Safety cushion-43.8%(target ≥ +20%)
Models span ₹140₹392, midpoint ₹266
Model ₹266
Price ₹383
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹9,500 cr
Other Income₹169 cr
Total Income₹9,669 cr
Cost of Materials₹1,526 cr
Purchases of Stock-in-Trade₹75 cr
Inventory Change (±)₹-212 cr
Employee Benefit Expense₹387 cr
Finance Costs₹57 cr
Depreciation & Amortisation₹834 cr
Other Expenses₹6,135 cr
Total Expenses₹8,802 cr
Exceptional Items₹-24 cr
Profit before Tax₹843 cr
Tax Expense₹188 cr
Share of JV / Associates₹5 cr
Net Profit₹660 cr
Net margin on total income6.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,389 cr14.4%
Employee benefit expense₹387 cr4.0%
Finance costs₹57 cr0.6%
Depreciation & amortisation₹834 cr8.6%
Other expenses₹6,135 cr63.6%
Tax expense₹188 cr1.9%
Profit for the period₹660 cr6.8%
Total income ₹9,669 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue10,277 cr10,915 cr9,500 cr
Total income10,364 cr11,149 cr9,669 cr
Expenses9,941 cr10,525 cr8,802 cr
Profit before tax407 cr522 cr843 cr
Tax45 cr-1,329 cr188 cr
Net profit (owners' share)204 cr1,830 cr577 cr
Net margin (owners' share, on revenue)2.0%16.8%6.1%
EPS (₹)0.827.412.32
YoY (latest quarter): total income -8.3% · net profit -26.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹89,607 cr
Shareholder equity
₹59,347 cr
parent shareholders
Total debt
₹53 cr
Cash
₹892 cr
Cash flow · H1 FY26
Operating
₹1,444 cr
Investing
₹-5,075 cr
Financing
₹-1,098 cr
Peer comparison
Cement & Cement Products · by market value
CompanyPriceMarket capP/E
UltraTech Cement Limited₹10,764₹3.17 L cr30.5
Grasim Industries Limited₹3,173₹2.16 L cr25.1
Ambuja Cements Limitedthis company₹383₹95,238 cr41.3
SHREE CEMENT LIMITED₹21,960₹79,232 cr37.4
JK Cement Limited₹5,027₹38,844 cr35.0
Dalmia Bharat Limited₹1,693₹32,173 cr42.2
ACC Limited₹1,233₹23,171 cr39.4
The Ramco Cements Limited₹859₹20,297 cr162.7
JSW Cement Limited₹117₹15,750 cr24.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.52%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹2 / share12 Jun 2026
Dividend₹2 / share13 Jun 2025
Dividend₹2 / share14 Jun 2024
Dividend₹2.5 / share7 Jul 2023
Dividend₹6.3 / share30 Mar 2022
Dividend₹1 / share19 Mar 2021
Who owns it · 2026-06-30
No pledge
Promoter
67.3%
FII / Foreign
5.6%
DII / Domestic
19.6%
Retail / others
7.4%
Promoter stake up 0.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAnubhuti Value Fund 2 (Mr Ameet Desai Independent Direcotor is also Partner of Anubhuti Advisors LLP Investment Manager of the Fund) · Other30,500 · ₹1.7 cr8 Nov 24
SoldAnubhuti Value Fund 1 (Mr. Ameet Desai, Independent Director is also Partner of Anubhuti Advisors LLP, Investment Manager of the Fund) · Other1.30 L · ₹8.0 cr3 Sep 24
SoldAnubhuti Value Fund 1 (Mr. Ameet Desai, Independent Director is also Partner of Anubhuti Advisors LLP, Investment Manager of the Fund) · Other1.32 L · ₹8.2 cr2 Sep 24
Bulk / block deals
short · NSE38526 Aug 26
short · NSE1,20025 Aug 26
short · NSE2111 Aug 26
Stake changes
SoldHolderind Investments Ltd · promoter→ 67.53% · 6.80 cr23 Aug 24
SoldDeutsche Bank AG ( Hong Kong)→ 48.17% · 6.80 cr23 Aug 24
SoldHolderind Investment Ltd · promoter→ 67.53% · 6.80 cr23 Aug 24
Promoter pledges
PledgedDeutsche Bank AG Hong kong Branch acting as the security agent for the lenders47.75 cr · 0.00% held26 Sep 24
PledgedMUFG Bank Ltd. acting as the Mauritian security agent for the lenders.26.54 cr · 8.61% held17 Apr 24
PledgedC&C Global Capital markets ( Singapore) Pte. Ltd. acting as the security agent for the Lender26.54 cr · 0.00% held28 Mar 24
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 30 Dec 2025
See the official result
1
To consider and approve the Scheme of Arrangement between Penna Cement Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company) and their respective shareholders – to be approved by requisite Statutory Majority.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
56.63 cr votes for, 6,221 against · 0% of mutual funds and other big investors said no
2
To consider and approve the Scheme of Arrangement Cement Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company) and their respective shareholders – to be approved by requisite Statutory Majority.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
56.63 cr votes for, 6,221 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 67.3% between them · as of 2026-06-30
Holderind Investments Ltd47.72%
Harmonia Trade And Investment Ltd19.23%
Adani Enterprises Limited0.35%
Endeavour Trade And Investment Limited0.03%
Business done with them
FY2026 · 1 of the group
The company paid ₹243 cr to companies in the promoter group last year — about 0.6% of its ₹40,656 cr revenue.
Holderind Investments Limited
Other payments to them · AS PER NOTES
also owns 47.72% of the company
₹243 cr
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹15,000 cr raised in Apr 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside.

Capital expenditures, de-bottlenecking capital expenditure, logistics infrastructure, digitizing logistics, optimizing plants to accelerate ESG compliance, acquisitions, consolidation, workingcapitalrequirements, investment intechnologyandforgeneral corporate purpose
100%
₹15,000 cr of ₹15,000 cr
Spent by quarter: 76%96%99%99%99%100% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.