Ambuja Cements Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 28, 2026, 3:15 pm

Market Cap	1,32,205 Cr.
Current Price	535
Intrinsic Value	₹407.77
High / Low	625/455
Stock P/E	23.0
Book Value	228
Dividend Yield	0.38 %
ROCE	10.5 %
ROE	8.73 %
Face Value	2.00
PEG Ratio	2.20

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ambuja Cements Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bheema Cements Ltd	52.7 Cr.	16.2	19.5/16.2		0.60	0.00 %	13.1 %	108 %	10.0
UltraTech Cement Ltd	3,75,203 Cr.	12,733	13,102/10,048	48.3	2,444	0.62 %	10.9 %	9.29 %	10.0
The Ramco Cements Ltd	25,221 Cr.	1,067	1,209/788	131	322	0.19 %	4.83 %	1.56 %	1.00
The India Cements Ltd	13,666 Cr.	441	490/239		325	0.00 %	5.49 %	8.83 %	10.0
Star Cement Ltd	8,785 Cr.	217	309/197	29.0	74.4	0.47 %	8.39 %	6.05 %	1.00
Industry Average	38,679.73 Cr	1,954.45		36.27	573.47	0.57%	8.79%	85.81%	7.13

All Competitor Stocks of Ambuja Cements Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	7,143	7,907	7,966	8,713	7,424	8,129	8,894	8,392	7,552	9,329	9,981	10,289	9,174
Expenses	6,809	6,885	6,727	7,046	6,122	6,397	7,195	7,112	6,441	7,617	8,113	8,328	7,414
Operating Profit	334	1,021	1,239	1,667	1,302	1,732	1,699	1,280	1,111	1,712	1,868	1,961	1,761
OPM %	5%	13%	16%	19%	18%	21%	19%	15%	15%	18%	19%	19%	19%
Other Income	75	-18	142	268	480	204	448	358	220	1,355	713	300	39
Interest	41	43	39	52	61	70	93	68	67	67	14	67	77
Depreciation	331	337	352	372	381	416	459	476	520	664	786	798	885
Profit before tax	39	623	989	1,512	1,340	1,450	1,595	1,094	744	2,336	1,780	1,396	838
Tax %	-33%	22%	23%	25%	26%	25%	5%	28%	33%	-12%	28%	27%	-175%
Net Profit	51	488	763	1,135	987	1,091	1,521	783	496	2,620	1,282	1,017	2,302
EPS in Rs	0.47	2.19	3.25	4.56	3.99	4.15	4.78	2.60	1.95	8.59	3.88	3.39	7.14

Last Updated: January 2, 2026, 12:37 pm

Below is a detailed analysis of the quarterly data for Ambuja Cements Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Sales, as of Sep 2025, the value is 9,174.00 Cr.. The value appears to be declining and may need further review. It has decreased from 10,289.00 Cr. (Jun 2025) to 9,174.00 Cr., marking a decrease of 1,115.00 Cr..
For Expenses, as of Sep 2025, the value is 7,414.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 8,328.00 Cr. (Jun 2025) to 7,414.00 Cr., marking a decrease of 914.00 Cr..
For Operating Profit, as of Sep 2025, the value is 1,761.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,961.00 Cr. (Jun 2025) to 1,761.00 Cr., marking a decrease of 200.00 Cr..
For OPM %, as of Sep 2025, the value is 19.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 19.00%.
For Other Income, as of Sep 2025, the value is 39.00 Cr.. The value appears to be declining and may need further review. It has decreased from 300.00 Cr. (Jun 2025) to 39.00 Cr., marking a decrease of 261.00 Cr..
For Interest, as of Sep 2025, the value is 77.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 67.00 Cr. (Jun 2025) to 77.00 Cr., marking an increase of 10.00 Cr..
For Depreciation, as of Sep 2025, the value is 885.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 798.00 Cr. (Jun 2025) to 885.00 Cr., marking an increase of 87.00 Cr..
For Profit before tax, as of Sep 2025, the value is 838.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,396.00 Cr. (Jun 2025) to 838.00 Cr., marking a decrease of 558.00 Cr..
For Tax %, as of Sep 2025, the value is -175.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Jun 2025) to -175.00%, marking a decrease of 202.00%.
For Net Profit, as of Sep 2025, the value is 2,302.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,017.00 Cr. (Jun 2025) to 2,302.00 Cr., marking an increase of 1,285.00 Cr..
For EPS in Rs, as of Sep 2025, the value is 7.14. The value appears strong and on an upward trend. It has increased from 3.39 (Jun 2025) to 7.14, marking an increase of 3.75.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:40 am

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023n n 15m	Mar 2024	Mar 2025	TTM
Sales	9,161	9,955	9,437	20,094	23,609	26,041	27,104	24,516	28,965	38,937	33,160	35,045	38,773
Expenses	7,492	8,022	7,895	16,913	19,751	22,030	22,507	19,511	22,755	33,815	26,760	29,074	31,471
Operating Profit	1,669	1,934	1,542	3,181	3,858	4,011	4,597	5,006	6,210	5,122	6,400	5,971	7,301
OPM %	18%	19%	16%	16%	16%	15%	17%	20%	21%	13%	19%	17%	19%
Other Income	390	419	353	441	335	232	601	288	252	447	1,401	2,646	2,407
Interest	67	66	92	153	206	170	170	140	146	195	276	216	225
Depreciation	494	513	630	1,461	1,219	1,154	1,153	1,162	1,152	1,645	1,628	2,478	3,134
Profit before tax	1,498	1,774	1,173	2,008	2,768	2,919	3,875	3,992	5,164	3,729	5,896	5,922	6,349
Tax %	15%	16%	31%	29%	30%	-2%	28%	22%	28%	19%	20%	13%
Net Profit	1,278	1,487	808	1,434	1,945	2,973	2,783	3,107	3,711	3,024	4,735	5,158	7,222
EPS in Rs	8.27	9.59	5.21	5.57	7.64	10.97	10.55	11.91	14.00	13.01	16.26	16.92	23.00
Dividend Payout %	44%	46%	54%	50%	47%	14%	14%	151%	45%	19%	12%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2024-2025
YoY Net Profit Growth (%)	8.93%
Change in YoY Net Profit Growth (%)	0.00%

Ambuja Cements Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 1 years from 2024-2025 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	5%
3 Years:	7%
TTM:	13%

Compounded Profit Growth
10 Years:	11%
5 Years:	15%
3 Years:	13%
TTM:	36%

Stock Price CAGR
10 Years:	11%
5 Years:	22%
3 Years:	11%
1 Year:	-9%

Return on Equity
10 Years:	9%
5 Years:	10%
3 Years:	9%
Last Year:	9%

Last Updated: September 4, 2025, 11:10 pm

Balance Sheet

Last Updated: December 4, 2025, 12:56 am

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	309	310	310	397	397	397	397	397	397	397	440	493	494
Reserves	9,153	9,760	9,961	19,424	20,275	21,973	23,681	22,360	24,957	31,301	41,012	52,951	55,752
Borrowings	48	34	35	29	24	40	41	471	477	523	699	788	1,271
Other Liabilities	3,446	3,774	3,827	12,974	14,813	14,981	16,059	16,490	19,374	19,501	22,916	26,709	31,193
Total Liabilities	12,956	13,878	14,133	32,824	35,509	37,391	40,178	39,718	45,205	51,721	65,067	80,941	88,710
Fixed Assets	6,147	6,310	6,170	21,410	20,898	20,636	20,701	20,486	22,254	23,551	32,194	42,578	56,540
CWIP	698	692	416	582	667	1,008	1,554	2,422	2,168	2,526	2,658	9,886	10,473
Investments	1,714	2,097	2,149	175	153	133	150	167	198	214	849	1,912	104
Other Assets	4,399	4,780	5,398	10,657	13,791	15,613	17,773	16,643	20,585	25,430	29,365	26,566	21,594
Total Assets	12,956	13,878	14,133	32,824	35,509	37,391	40,178	39,718	45,205	51,721	65,067	80,941	88,710

Below is a detailed analysis of the balance sheet data for Ambuja Cements Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 494.00 Cr.. The value appears strong and on an upward trend. It has increased from 493.00 Cr. (Mar 2025) to 494.00 Cr., marking an increase of 1.00 Cr..
For Reserves, as of Sep 2025, the value is 55,752.00 Cr.. The value appears strong and on an upward trend. It has increased from 52,951.00 Cr. (Mar 2025) to 55,752.00 Cr., marking an increase of 2,801.00 Cr..
For Borrowings, as of Sep 2025, the value is 1,271.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 788.00 Cr. (Mar 2025) to 1,271.00 Cr., marking an increase of 483.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 31,193.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 26,709.00 Cr. (Mar 2025) to 31,193.00 Cr., marking an increase of 4,484.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 88,710.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 80,941.00 Cr. (Mar 2025) to 88,710.00 Cr., marking an increase of 7,769.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 56,540.00 Cr.. The value appears strong and on an upward trend. It has increased from 42,578.00 Cr. (Mar 2025) to 56,540.00 Cr., marking an increase of 13,962.00 Cr..
For CWIP, as of Sep 2025, the value is 10,473.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,886.00 Cr. (Mar 2025) to 10,473.00 Cr., marking an increase of 587.00 Cr..
For Investments, as of Sep 2025, the value is 104.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,912.00 Cr. (Mar 2025) to 104.00 Cr., marking a decrease of 1,808.00 Cr..
For Other Assets, as of Sep 2025, the value is 21,594.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26,566.00 Cr. (Mar 2025) to 21,594.00 Cr., marking a decrease of 4,972.00 Cr..
For Total Assets, as of Sep 2025, the value is 88,710.00 Cr.. The value appears strong and on an upward trend. It has increased from 80,941.00 Cr. (Mar 2025) to 88,710.00 Cr., marking an increase of 7,769.00 Cr..

Notably, the Reserves (55,752.00 Cr.) exceed the Borrowings (1,271.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	1,267	1,675	1,557	2,810	3,416	1,703	4,739	4,832	5,309	735	5,646	2,237
Cash from Investing Activity +	-496	-456	-83	-4,165	-738	-765	-1,191	-1,317	-2,007	-14,481	-8,941	-7,529
Cash from Financing Activity +	-672	-721	-900	-958	-1,015	-719	-629	-3,956	-516	2,931	5,689	5,592
Net Cash Flow	99	498	574	-2,312	1,663	220	2,919	-441	2,786	-10,815	2,394	301

Free Cash Flow

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023n n 15m	Mar 2024	Mar 2025
Free Cash Flow	-47.00	-33.00	-34.00	-26.00	-21.00	-36.00	-37.00	-466.00	-471.00	5.00	-693.00	-783.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025
Debtor Days	9	8	11	17	14	18	14	8	8	11	13	17
Inventory Days	419	379	394	339	323	333	208	193	337	234	238	238
Days Payable	251	265	299	324	370	339	231	259	359	198	196	154
Cash Conversion Cycle	176	123	107	32	-33	13	-9	-58	-14	46	56	100
Working Capital Days	-54	-61	-65	-67	-62	-34	-56	-80	-74	45	8	-22
ROCE %	16%	18%	11%	11%	12%	12%	14%	14%	17%	12%	13%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	63.22%	63.22%	63.20%	63.19%	63.19%	66.74%	70.33%	67.57%	67.57%	67.57%	67.57%	67.68%
FIIs	10.66%	11.16%	12.45%	11.65%	11.88%	11.09%	9.59%	10.61%	9.14%	8.60%	7.43%	5.91%
DIIs	16.71%	14.48%	14.14%	15.26%	15.56%	14.24%	13.03%	14.98%	16.41%	17.09%	18.49%	19.41%
Government	0.26%	0.26%	0.26%	0.26%	0.26%	0.23%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%
Public	9.13%	10.87%	9.94%	9.63%	9.10%	7.69%	6.83%	6.64%	6.66%	6.51%	6.30%	6.77%
No. of Shareholders	4,68,817	7,04,994	6,18,776	5,98,147	5,64,847	5,42,773	6,11,804	6,05,551	6,33,718	6,44,696	6,18,855	6,20,457

Shareholding Pattern Chart

No. of Shareholders

Ambuja Cements Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Large Cap Fund	22,293,419	3.05	1240.29	N/A	N/A	N/A
Mirae Asset Large Cap Fund	11,409,235	1.52	634.75	9,478,894	2025-12-07 02:57:30	20.36%
HDFC Balanced Advantage Fund	8,225,056	0.42	457.6	N/A	N/A	N/A
ICICI Prudential Equity & Debt Fund	7,534,658	0.84	419.19	N/A	N/A	N/A
Kotak Flexicap Fund	7,000,000	0.69	389.45	7,800,000	2025-12-15 02:16:40	-10.26%
Mirae Asset ELSS Tax Saver Fund	5,593,546	1.14	311.2	6,828,859	2025-12-08 05:06:49	-18.09%
ICICI Prudential Equity Savings Fund	5,168,100	1.59	287.53	5,045,250	2025-12-15 04:16:45	2.43%
HDFC Large and Mid Cap Fund	4,949,329	0.95	275.36	N/A	N/A	N/A
HDFC Manufacturing Fund	4,900,000	2.48	272.61	N/A	N/A	N/A
Invesco India Contra Fund	4,127,441	1.11	229.63	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Dec 21	Dec 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	17.00	17.99	13.01	14.00	11.91
Diluted EPS (Rs.)	16.96	16.67	12.64	14.00	11.91
Cash EPS (Rs.)	30.95	28.84	23.37	24.39	21.42
Book Value[Excl.RevalReserv]/Share (Rs.)	216.98	231.36	195.18	163.67	146.54
Book Value[Incl.RevalReserv]/Share (Rs.)	216.98	231.36	195.18	163.67	146.54
Revenue From Operations / Share (Rs.)	142.28	150.88	196.09	145.87	123.47
PBDIT / Share (Rs.)	35.02	34.43	29.51	33.05	27.47
PBIT / Share (Rs.)	24.95	27.04	21.23	27.25	21.62
PBT / Share (Rs.)	23.99	26.74	18.64	25.91	20.03
Net Profit / Share (Rs.)	20.89	21.45	15.09	18.59	15.57
NP After MI And SOA / Share (Rs.)	16.92	16.27	13.01	14.00	11.91
PBDIT Margin (%)	24.61	22.81	15.05	22.65	22.25
PBIT Margin (%)	17.53	17.92	10.82	18.67	17.51
PBT Margin (%)	16.86	17.72	9.50	17.75	16.22
Net Profit Margin (%)	14.68	14.21	7.69	12.74	12.61
NP After MI And SOA Margin (%)	11.89	10.78	6.63	9.59	9.64
Return on Networth / Equity (%)	7.79	8.62	8.14	10.96	10.39
Return on Capital Employeed (%)	9.16	11.17	10.48	15.92	14.09
Return On Assets (%)	5.14	5.47	4.99	6.15	5.95
Asset Turnover Ratio (%)	0.47	0.56	0.49	0.41	0.34
Current Ratio (X)	1.42	2.05	1.67	1.52	1.38
Quick Ratio (X)	1.12	1.75	1.39	1.27	1.20
Inventory Turnover Ratio (X)	8.92	3.61	3.51	2.93	2.20
Dividend Payout Ratio (NP) (%)	11.82	13.87	48.42	0.00	142.70
Dividend Payout Ratio (CP) (%)	7.41	9.54	29.58	0.00	95.70
Earning Retention Ratio (%)	88.18	86.13	51.58	0.00	-42.70
Cash Earning Retention Ratio (%)	92.59	90.46	70.42	0.00	4.30
Interest Coverage Ratio (X)	39.94	27.38	30.07	45.06	38.90
Interest Coverage Ratio (Post Tax) (X)	24.93	17.29	18.01	27.17	24.31
Enterprise Value (Cr.)	136725.29	132923.92	76710.60	70462.46	46861.76
EV / Net Operating Revenue (X)	3.90	4.01	1.97	2.43	1.91
EV / EBITDA (X)	15.85	17.57	13.09	10.74	8.59
MarketCap / Net Operating Revenue (X)	3.78	4.06	1.86	2.59	2.02
Retention Ratios (%)	88.17	86.12	51.57	0.00	-42.70
Price / BV (X)	2.48	3.25	2.29	2.96	2.17
Price / Net Operating Revenue (X)	3.78	4.06	1.86	2.59	2.02
EarningsYield	0.03	0.02	0.03	0.03	0.04

After reviewing the key financial ratios for Ambuja Cements Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 17.00. This value is within the healthy range. It has decreased from 17.99 (Mar 24) to 17.00, marking a decrease of 0.99.
For Diluted EPS (Rs.), as of Mar 25, the value is 16.96. This value is within the healthy range. It has increased from 16.67 (Mar 24) to 16.96, marking an increase of 0.29.
For Cash EPS (Rs.), as of Mar 25, the value is 30.95. This value is within the healthy range. It has increased from 28.84 (Mar 24) to 30.95, marking an increase of 2.11.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 216.98. It has decreased from 231.36 (Mar 24) to 216.98, marking a decrease of 14.38.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 216.98. It has decreased from 231.36 (Mar 24) to 216.98, marking a decrease of 14.38.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 142.28. It has decreased from 150.88 (Mar 24) to 142.28, marking a decrease of 8.60.
For PBDIT / Share (Rs.), as of Mar 25, the value is 35.02. This value is within the healthy range. It has increased from 34.43 (Mar 24) to 35.02, marking an increase of 0.59.
For PBIT / Share (Rs.), as of Mar 25, the value is 24.95. This value is within the healthy range. It has decreased from 27.04 (Mar 24) to 24.95, marking a decrease of 2.09.
For PBT / Share (Rs.), as of Mar 25, the value is 23.99. This value is within the healthy range. It has decreased from 26.74 (Mar 24) to 23.99, marking a decrease of 2.75.
For Net Profit / Share (Rs.), as of Mar 25, the value is 20.89. This value is within the healthy range. It has decreased from 21.45 (Mar 24) to 20.89, marking a decrease of 0.56.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 16.92. This value is within the healthy range. It has increased from 16.27 (Mar 24) to 16.92, marking an increase of 0.65.
For PBDIT Margin (%), as of Mar 25, the value is 24.61. This value is within the healthy range. It has increased from 22.81 (Mar 24) to 24.61, marking an increase of 1.80.
For PBIT Margin (%), as of Mar 25, the value is 17.53. This value is within the healthy range. It has decreased from 17.92 (Mar 24) to 17.53, marking a decrease of 0.39.
For PBT Margin (%), as of Mar 25, the value is 16.86. This value is within the healthy range. It has decreased from 17.72 (Mar 24) to 16.86, marking a decrease of 0.86.
For Net Profit Margin (%), as of Mar 25, the value is 14.68. This value exceeds the healthy maximum of 10. It has increased from 14.21 (Mar 24) to 14.68, marking an increase of 0.47.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 11.89. This value is within the healthy range. It has increased from 10.78 (Mar 24) to 11.89, marking an increase of 1.11.
For Return on Networth / Equity (%), as of Mar 25, the value is 7.79. This value is below the healthy minimum of 15. It has decreased from 8.62 (Mar 24) to 7.79, marking a decrease of 0.83.
For Return on Capital Employeed (%), as of Mar 25, the value is 9.16. This value is below the healthy minimum of 10. It has decreased from 11.17 (Mar 24) to 9.16, marking a decrease of 2.01.
For Return On Assets (%), as of Mar 25, the value is 5.14. This value is within the healthy range. It has decreased from 5.47 (Mar 24) to 5.14, marking a decrease of 0.33.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.47. It has decreased from 0.56 (Mar 24) to 0.47, marking a decrease of 0.09.
For Current Ratio (X), as of Mar 25, the value is 1.42. This value is below the healthy minimum of 1.5. It has decreased from 2.05 (Mar 24) to 1.42, marking a decrease of 0.63.
For Quick Ratio (X), as of Mar 25, the value is 1.12. This value is within the healthy range. It has decreased from 1.75 (Mar 24) to 1.12, marking a decrease of 0.63.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.92. This value exceeds the healthy maximum of 8. It has increased from 3.61 (Mar 24) to 8.92, marking an increase of 5.31.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 11.82. This value is below the healthy minimum of 20. It has decreased from 13.87 (Mar 24) to 11.82, marking a decrease of 2.05.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 7.41. This value is below the healthy minimum of 20. It has decreased from 9.54 (Mar 24) to 7.41, marking a decrease of 2.13.
For Earning Retention Ratio (%), as of Mar 25, the value is 88.18. This value exceeds the healthy maximum of 70. It has increased from 86.13 (Mar 24) to 88.18, marking an increase of 2.05.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 92.59. This value exceeds the healthy maximum of 70. It has increased from 90.46 (Mar 24) to 92.59, marking an increase of 2.13.
For Interest Coverage Ratio (X), as of Mar 25, the value is 39.94. This value is within the healthy range. It has increased from 27.38 (Mar 24) to 39.94, marking an increase of 12.56.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 24.93. This value is within the healthy range. It has increased from 17.29 (Mar 24) to 24.93, marking an increase of 7.64.
For Enterprise Value (Cr.), as of Mar 25, the value is 136,725.29. It has increased from 132,923.92 (Mar 24) to 136,725.29, marking an increase of 3,801.37.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.90. This value exceeds the healthy maximum of 3. It has decreased from 4.01 (Mar 24) to 3.90, marking a decrease of 0.11.
For EV / EBITDA (X), as of Mar 25, the value is 15.85. This value exceeds the healthy maximum of 15. It has decreased from 17.57 (Mar 24) to 15.85, marking a decrease of 1.72.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.78. This value exceeds the healthy maximum of 3. It has decreased from 4.06 (Mar 24) to 3.78, marking a decrease of 0.28.
For Retention Ratios (%), as of Mar 25, the value is 88.17. This value exceeds the healthy maximum of 70. It has increased from 86.12 (Mar 24) to 88.17, marking an increase of 2.05.
For Price / BV (X), as of Mar 25, the value is 2.48. This value is within the healthy range. It has decreased from 3.25 (Mar 24) to 2.48, marking a decrease of 0.77.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.78. This value exceeds the healthy maximum of 3. It has decreased from 4.06 (Mar 24) to 3.78, marking a decrease of 0.28.
For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ambuja Cements Ltd as of January 28, 2026 is: ₹367.63

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 28, 2026, Ambuja Cements Ltd is Overvalued by 31.28% compared to the current share price ₹535.00

Intrinsic Value of Ambuja Cements Ltd as of January 28, 2026 is: ₹406.00

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 28, 2026, Ambuja Cements Ltd is Overvalued by 24.11% compared to the current share price ₹535.00

Last 5 Year EPS CAGR: 10.44%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -43.50, which is a positive sign. The company has higher reserves (26,350.77 cr) compared to borrowings (344.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (24.54 cr) and profit (3.00 cr) over the years.	The stock has a low average ROCE of 13.33%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 44.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ambuja Cements Ltd:
1. Net Profit Margin: 14.68%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 9.16% (Industry Average ROCE: 8.79%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.79% (Industry Average ROE: 85.81%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 24.93
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.12
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 23 (Industry average Stock P/E: 36.27)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ambuja Cements Ltd. is a Public Limited Listed company incorporated on 20/10/1981 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L26942GJ1981PLC004717 and registration number is 004717. Currently Company is involved in the business activities of Manufacture of clinkers and cement. Company's Total Operating Revenue is Rs. 19453.58 Cr. and Equity Capital is Rs. 492.62 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Cement	Adani Corporate House, Shantigram, Near Vaishnavdevi Circle, Ahmedabad Gujarat 382421	Contact not found

Management
Name	Position Held
Mr. Gautam Adani	NonExeChairman&NonInd.Director
Mr. Ajay Kapur	Managing Director
Mr. Vinod Bahety	WholeTime Director & CEO
Mr. Karan Adani	Non Exe.Non Ind.Director
Mr. M R Kumar	Non Exe.Non Ind.Director
Mr. Rajnish Kumar	Ind. Non-Executive Director
Mr. Maheswar Sahu	Ind. Non-Executive Director
Ms. Purvi Sheth	Ind. Non-Executive Director
Mr. Ameet Desai	Ind. Non-Executive Director
Mr. Praveen Garg	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Ambuja Cements Ltd?

Ambuja Cements Ltd's intrinsic value (as of 28 January 2026) is ₹406.00 which is 24.11% lower the current market price of ₹535.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,32,205 Cr. market cap, FY2025-2026 high/low of ₹625/455, reserves of ₹55,752 Cr, and liabilities of ₹88,710 Cr.

What is the Market Cap of Ambuja Cements Ltd?

The Market Cap of Ambuja Cements Ltd is 1,32,205 Cr..

What is the current Stock Price of Ambuja Cements Ltd as on 28 January 2026?

The current stock price of Ambuja Cements Ltd as on 28 January 2026 is ₹535.

What is the High / Low of Ambuja Cements Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ambuja Cements Ltd stocks is ₹625/455.

What is the Stock P/E of Ambuja Cements Ltd?

The Stock P/E of Ambuja Cements Ltd is 23.0.

What is the Book Value of Ambuja Cements Ltd?

The Book Value of Ambuja Cements Ltd is 228.

What is the Dividend Yield of Ambuja Cements Ltd?

The Dividend Yield of Ambuja Cements Ltd is 0.38 %.

What is the ROCE of Ambuja Cements Ltd?

The ROCE of Ambuja Cements Ltd is 10.5 %.

What is the ROE of Ambuja Cements Ltd?

The ROE of Ambuja Cements Ltd is 8.73 %.

What is the Face Value of Ambuja Cements Ltd?

The Face Value of Ambuja Cements Ltd is 2.00.