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Last Updated: April 2, 2026, 2:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500425 | NSE: AMBUJACEM

Ambuja Cements Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹432.00Fairly Valued by 2.86%vs CMP ₹420.00

P/E (27.0) × ROE (8.7%) × BV (₹228.00) × DY (0.48%)

₹275.53Overvalued by 34.40%vs CMP ₹420.00
MoS: -52.4% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹439.3422%Fair (+4.6%)
Graham NumberEarnings₹279.5216%Over (-33.4%)
Earnings PowerEarnings₹147.1313%Over (-65%)
DCFCash Flow₹231.8913%Over (-44.8%)
Net Asset ValueAssets₹227.367%Over (-45.9%)
EV/EBITDAEnterprise₹336.399%Over (-19.9%)
Earnings YieldEarnings₹152.307%Over (-63.7%)
ROCE CapitalReturns₹272.997%Over (-35%)
Revenue MultipleRevenue₹141.665%Over (-66.3%)
Consensus (9 models)₹275.53100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.7%

*Investments are subject to market risks

Investment Snapshot

55
Ambuja Cements Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 10.5% AverageROE 8.7% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.80% (6mo) SellingDII holding up 2.55% MF buyingPromoter holding at 67.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 18% SteadyWorking capital: -22 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +16% YoY GrowingProfit (4Q): -9% YoY DecliningOPM: 13.0% (down 5.0% YoY) Margin pressure
Industry Rank50/100 · Moderate
P/E 27.0 vs industry 274.7 Cheaper than peersROCE 10.5% vs industry 8.9% AverageROE 8.7% vs industry 85.5% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:36 am

Market Cap 1,03,903 Cr.
Current Price 420
Intrinsic Value₹275.53
High / Low 625/394
Stock P/E27.0
Book Value 228
Dividend Yield0.48 %
ROCE10.5 %
ROE8.73 %
Face Value 2.00
PEG Ratio15.90

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

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 ⇩
Ambuja Cements Ltd 1,03,903 Cr. 420 625/39427.0 2280.48 %10.5 %8.73 % 2.00
Shree Cement Ltd 83,942 Cr. 23,265 32,508/22,55048.5 6,0780.47 %7.17 %5.69 % 10.0
J K Cements Ltd 39,716 Cr. 5,140 7,566/4,51037.8 8390.29 %14.0 %13.9 % 10.0
Dalmia Bharat Ltd 33,874 Cr. 1,806 2,496/1,70028.3 9430.50 %5.58 %4.15 % 2.00
Grasim Industries Ltd 1,76,446 Cr. 2,593 2,980/2,46538.3 1,4640.39 %7.50 %3.95 % 2.00
Industry Average34,326.20 Cr1,677.64274.74574.270.69%8.92%85.54%7.13

All Competitor Stocks of Ambuja Cements Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 7,9077,9668,7137,4248,1298,8948,3927,5529,4119,98110,2899,17410,277
Expenses 6,8856,7277,0466,1226,3977,1957,1126,4417,7008,1138,3287,4148,924
Operating Profit 1,0211,2391,6671,3021,7321,6991,2801,1111,7121,8681,9611,7611,353
OPM % 13%16%19%18%21%19%15%15%18%19%19%19%13%
Other Income -181422684802044483582201,3557133003977
Interest 43395261709368676714677759
Depreciation 337352372381416459476520607786798885959
Profit before tax 6239891,5121,3401,4501,5951,0947442,3931,7801,396838412
Tax % 22%23%25%26%25%5%28%33%-11%28%27%-175%11%
Net Profit 4887631,1359871,0911,5217834962,6631,2821,0172,302367
EPS in Rs 2.193.254.563.994.154.782.601.958.763.883.397.140.82

Last Updated: February 6, 2026, 6:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 6:46 pm

MetricDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023n n 15mMar 2024Mar 2025TTM
Sales 9,1619,9559,43720,09423,60926,04127,10424,51628,96538,93733,16035,04539,721
Expenses 7,4928,0227,89516,91319,75122,03022,50719,51122,75533,81526,76029,07432,778
Operating Profit 1,6691,9341,5423,1813,8584,0114,5975,0066,2105,1226,4005,9716,943
OPM % 18%19%16%16%16%15%17%20%21%13%19%17%17%
Other Income 3904193534413352326012882524471,4012,6461,129
Interest 676692153206170170140146195276216217
Depreciation 4945136301,4611,2191,1541,1531,1621,1521,6451,6282,4783,429
Profit before tax 1,4981,7741,1732,0082,7682,9193,8753,9925,1643,7295,8965,9224,425
Tax % 15%16%31%29%30%-2%28%22%28%19%20%13%
Net Profit 1,2781,4878081,4341,9452,9732,7833,1073,7113,0244,7355,1584,968
EPS in Rs 8.279.595.215.577.6410.9710.5511.9114.0013.0116.2616.9215.23
Dividend Payout % 44%46%54%50%47%14%14%151%45%19%12%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2024-2025
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

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 309310310397397397397397397397440493494
Reserves 9,1539,7609,96119,42420,27521,97323,68122,36024,95731,30141,01252,95155,752
Borrowings 483435292440414714775236997881,271
Other Liabilities 3,4463,7743,82712,97414,81314,98116,05916,49019,37419,50122,91626,70931,193
Total Liabilities 12,95613,87814,13332,82435,50937,39140,17839,71845,20551,72165,06780,94188,710
Fixed Assets 6,1476,3106,17021,41020,89820,63620,70120,48622,25423,55132,19442,57856,540
CWIP 6986924165826671,0081,5542,4222,1682,5262,6589,88610,473
Investments 1,7142,0972,1491751531331501671982148491,912104
Other Assets 4,3994,7805,39810,65713,79115,61317,77316,64320,58525,43029,36526,56621,594
Total Assets 12,95613,87814,13332,82435,50937,39140,17839,71845,20551,72165,06780,94188,710

Reserves and Borrowings Chart

Cash Flow

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,2671,6751,5572,8103,4161,7034,7394,8325,3097355,6462,237
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 + -672-721-900-958-1,015-719-629-3,956-5162,9315,6895,592
Net Cash Flow 99498574-2,3121,6632202,919-4412,786-10,8152,394301
Free Cash Flow 5318549371,9252,3326123,1323,1073,013-3,3311,685-6,354
CFO/OP 104%102%104%107%102%71%115%120%96%29%103%44%

Free Cash Flow

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023n n 15mMar 2024Mar 2025
Free Cash Flow-47.00-33.00-34.00-26.00-21.00-36.00-37.00-466.00-471.005.00-693.00-783.00

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

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025
Debtor Days 98111714181488111317
Inventory Days 419379394339323333208193337234238238
Days Payable 251265299324370339231259359198196154
Cash Conversion Cycle 17612310732-3313-9-58-144656100
Working Capital Days -54-61-65-67-62-34-56-80-74458-22
ROCE %16%18%11%11%12%12%14%14%17%12%13%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.22%63.20%63.19%63.19%66.74%70.33%67.57%67.57%67.57%67.57%67.68%67.68%
FIIs 11.16%12.45%11.65%11.88%11.09%9.59%10.61%9.14%8.60%7.43%5.91%5.80%
DIIs 14.48%14.14%15.26%15.56%14.24%13.03%14.98%16.41%17.09%18.49%19.41%19.64%
Government 0.26%0.26%0.26%0.26%0.23%0.21%0.21%0.21%0.21%0.21%0.21%0.21%
Public 10.87%9.94%9.63%9.10%7.69%6.83%6.64%6.66%6.51%6.30%6.77%6.67%
No. of Shareholders 7,04,9946,18,7765,98,1475,64,8475,42,7736,11,8046,05,5516,33,7186,44,6966,18,8556,20,4576,25,013

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large Cap Fund 22,293,419 2.87 1137.3N/AN/AN/A
Mirae Asset Large Cap Fund 13,010,253 1.64 663.7211,409,2352026-02-23 01:16:5414.03%
ICICI Prudential Equity & Debt Fund 8,430,523 0.87 430.087,534,6582026-02-23 00:15:3611.89%
HDFC Balanced Advantage Fund 8,174,656 0.39 417.038,225,0562026-02-23 04:29:18-0.61%
Kotak Flexicap Fund 7,000,000 0.63 357.117,800,0002025-12-15 02:16:40-10.26%
Mirae Asset ELSS Tax Saver Fund 6,693,546 1.31 341.475,593,5462026-02-23 08:18:5719.67%
Nippon India Small Cap Fund 6,615,810 0.51 337.51N/AN/AN/A
ICICI Prudential Equity Savings Fund 5,168,100 1.46 263.655,045,2502025-12-15 04:16:452.43%
HDFC Large and Mid Cap Fund 4,949,329 0.89 252.49N/AN/AN/A
HDFC Manufacturing Fund 4,900,000 2.42 249.97N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Dec 21Dec 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 17.0017.9913.0114.0011.91
Diluted EPS (Rs.) 16.9616.6712.6414.0011.91
Cash EPS (Rs.) 30.9528.8423.3724.3921.42
Book Value[Excl.RevalReserv]/Share (Rs.) 216.98231.36195.18163.67146.54
Book Value[Incl.RevalReserv]/Share (Rs.) 216.98231.36195.18163.67146.54
Revenue From Operations / Share (Rs.) 142.28150.88196.09145.87123.47
PBDIT / Share (Rs.) 35.0234.4329.5133.0527.47
PBIT / Share (Rs.) 24.9527.0421.2327.2521.62
PBT / Share (Rs.) 23.9926.7418.6425.9120.03
Net Profit / Share (Rs.) 20.8921.4515.0918.5915.57
NP After MI And SOA / Share (Rs.) 16.9216.2713.0114.0011.91
PBDIT Margin (%) 24.6122.8115.0522.6522.25
PBIT Margin (%) 17.5317.9210.8218.6717.51
PBT Margin (%) 16.8617.729.5017.7516.22
Net Profit Margin (%) 14.6814.217.6912.7412.61
NP After MI And SOA Margin (%) 11.8910.786.639.599.64
Return on Networth / Equity (%) 7.798.628.1410.9610.39
Return on Capital Employeed (%) 9.1611.1710.4815.9214.09
Return On Assets (%) 5.145.474.996.155.95
Asset Turnover Ratio (%) 0.470.560.490.410.34
Current Ratio (X) 1.422.051.671.521.38
Quick Ratio (X) 1.121.751.391.271.20
Inventory Turnover Ratio (X) 8.923.613.512.932.20
Dividend Payout Ratio (NP) (%) 11.8213.8748.420.00142.70
Dividend Payout Ratio (CP) (%) 7.419.5429.580.0095.70
Earning Retention Ratio (%) 88.1886.1351.580.00-42.70
Cash Earning Retention Ratio (%) 92.5990.4670.420.004.30
Interest Coverage Ratio (X) 39.9427.3830.0745.0638.90
Interest Coverage Ratio (Post Tax) (X) 24.9317.2918.0127.1724.31
Enterprise Value (Cr.) 136725.29132923.9276710.6070462.4646861.76
EV / Net Operating Revenue (X) 3.904.011.972.431.91
EV / EBITDA (X) 15.8517.5713.0910.748.59
MarketCap / Net Operating Revenue (X) 3.784.061.862.592.02
Retention Ratios (%) 88.1786.1251.570.00-42.70
Price / BV (X) 2.483.252.292.962.17
Price / Net Operating Revenue (X) 3.784.061.862.592.02
EarningsYield 0.030.020.030.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
CementAdani Corporate House, Shantigram, Near Vaishnavdevi Circle, Ahmedabad Gujarat 382421Contact not found
Management
NamePosition Held
Mr. Gautam AdaniNonExeChairman&NonInd.Director
Mr. Ajay KapurManaging Director
Mr. Vinod BahetyWholeTime Director & CEO
Mr. Karan AdaniNon Exe.Non Ind.Director
Mr. M R KumarNon Exe.Non Ind.Director
Mr. Rajnish KumarInd. Non-Executive Director
Mr. Maheswar SahuInd. Non-Executive Director
Ms. Purvi ShethInd. Non-Executive Director
Mr. Ameet DesaiInd. Non-Executive Director
Mr. Praveen GargInd. Non-Executive Director

FAQ

What is the intrinsic value of Ambuja Cements Ltd and is it undervalued?

As of 07 April 2026, Ambuja Cements Ltd's intrinsic value is ₹275.53, which is 34.40% lower than the current market price of ₹420.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.73 %), book value (₹228), dividend yield (0.48 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ambuja Cements Ltd?

Ambuja Cements Ltd is trading at ₹420.00 as of 07 April 2026, with a FY2026-2027 high of ₹625 and low of ₹394. The stock is currently near its 52-week low. Market cap stands at ₹1,03,903 Cr..

How does Ambuja Cements Ltd's P/E ratio compare to its industry?

Ambuja Cements Ltd has a P/E ratio of 27.0, which is below the industry average of 274.74. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ambuja Cements Ltd financially healthy?

Key indicators for Ambuja Cements Ltd: ROCE of 10.5 % is moderate. Dividend yield is 0.48 %.

Is Ambuja Cements Ltd profitable and how is the profit trend?

Ambuja Cements Ltd reported a net profit of ₹5,158 Cr in Mar 2025 on revenue of ₹35,045 Cr. Compared to ₹3,711 Cr in Dec 2021, the net profit shows an improving trend.

Does Ambuja Cements Ltd pay dividends?

Ambuja Cements Ltd has a dividend yield of 0.48 % at the current price of ₹420.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ambuja Cements Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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