MarketFriction

Ambuja Cements Ltd

NSE AMBUJACEM · BSE 500425 · Cement & Cement Products
₹362.25 -3.14%
NSE close2026-10-01
52 week range365.75 - 588.75
Market cap₹90,882 Cr.
P/E19.3
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty MNCNifty Commodities No price band Delivery 33.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7,4248,1298,8948,3927,5529,4119,98110,2899,17410,27710,9169,500
Expenses6,1226,3977,1957,1126,4417,7008,1138,3287,4148,9249,4517,911
Operating Profit1,3021,7321,6991,2801,1111,7121,8681,9611,7611,3531,4651,589
OPM %18%21%19%15%15%18%19%19%19%13%13%17%
Other Income4802044483582201,3557133003977136150
Interest617093686767146777592157
Depreciation3814164594765206076947678859111,053834
Profit before tax1,3401,4501,5951,0947442,3931,8721,427838460527848
Tax %26%25%5%28%33%-11%28%27%-175%12%-252%22%
Net Profit9871,0911,5217834962,6631,3511,0412,3024031,857660
EPS in Rs3.994.154.782.601.958.764.163.537.140.977.402.32
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023 15mMar 2024Mar 2025Mar 2026TTM
Sales9,43720,09423,60926,04127,10424,51628,96538,93733,16035,33640,65639,867
Expenses7,89516,91319,75122,03022,50719,51122,75533,81526,76029,36634,07933,699
Operating Profit1,5423,1813,8584,0114,5975,0066,2105,1226,4005,9716,5776,168
OPM %16%16%16%15%17%20%21%13%19%17%16%15%
Other Income3534413352326012882524471,4012,646516402
Interest92153206170170140146195276216224214
Depreciation6301,4611,2191,1541,1531,1621,1521,6451,6282,2973,5703,683
Profit before tax1,1732,0082,7682,9193,8753,9925,1643,7295,8966,1043,2992,673
Tax %31%29%30%-2%28%22%28%19%20%13%-71%
Net Profit8081,4341,9452,9732,7833,1073,7113,0244,7355,2945,6375,222
EPS in Rs5.215.577.6410.9710.5511.9114.0013.0116.2617.4719.1317.83
Dividend Payout %54%50%47%14%14%151%45%19%12%11%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%11%1%7%
Compounded Profit Growth22%15%21%4%
Stock Price CAGR4%-2%-5%-36%
Return on Equity9%9%9%9%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital310310397397397397397397397440493494
Reserves9,7609,96119,42420,27521,97323,68122,36024,95731,30141,01253,08658,853
Borrowings343529244041471477523699788866
Other Liabilities3,7743,82712,97414,81314,98116,05916,49019,37419,50122,91626,73529,361
Total Liabilities13,87814,13332,82435,50937,39140,17839,71845,20551,72165,06781,10289,574
Fixed Assets6,3106,17021,41020,89820,63620,70120,48622,25423,55132,19442,76658,263
CWIP6924165826671,0081,5542,4222,1682,5262,6589,8589,121
Investments2,0972,1491751531331501671982148491,912113
Other Assets4,7805,39810,65713,79115,61317,77316,64320,58525,43029,36526,56622,077
Total Assets13,87814,13332,82435,50937,39140,17839,71845,20551,72165,06781,10289,574
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,6751,5572,8103,4161,7034,7394,8325,3097355,6462,2375,362
Cash from Investing Activity-456-83-4,165-738-765-1,191-1,317-2,007-14,481-8,941-7,529-7,935
Cash from Financing Activity-721-900-958-1,015-719-629-3,956-5162,9315,6895,592-1,629
Net Cash Flow498574-2,3121,6632202,919-4412,786-10,8152,394301-4,203
Free Cash Flow8549371,9252,3326123,1323,1073,013-3,3311,685-6,293-594
CFO/OP102%104%107%102%71%115%120%96%29%103%44%77%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days811171418148811131617
Inventory Days379394339323333208193337234238238246
Days Payable265299324370339231259359198196167227
Cash Conversion Cycle12310732-3313-9-58-1446568637
Working Capital Days-61-65-67-62-34-56-80-74458-25-3
ROCE %18%11%11%12%12%14%14%17%12%13%11%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.19%63.19%66.74%70.33%67.57%67.57%67.57%67.57%67.68%67.68%67.68%67.33%
FIIs11.65%11.88%11.09%9.59%10.61%9.14%8.60%7.43%5.91%5.80%5.87%5.63%
DIIs15.26%15.56%14.24%13.03%14.98%16.41%17.09%18.49%19.41%19.64%19.86%19.44%
Government0.26%0.26%0.23%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%0.21%
Public9.63%9.10%7.69%6.83%6.64%6.66%6.51%6.30%6.77%6.67%6.36%7.38%
No. of Shareholders5,98,1475,64,8475,42,7736,11,8046,05,5516,33,7186,44,6966,18,8556,20,4576,25,0136,07,5056,74,206

Fundamentals

Market Cap₹ 90,882 Cr.
Current Price₹ 366
Stock P/E19.3
Book Value₹ 240
ROCE5.61 %
ROE8.85 %
Dividend Yield0.55 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 89,542 Cr
Enterprise valueRs 89,449 Cr
P/E (TTM)20.29x
Price to book1.51x
Price to sales2.25x
EV / EBITDA13.62x
EV / EBIT30.99x
EV / sales2.24x
Price to cash flow16.70x
Earnings yield4.93%
Dividend yield0.55%
P/E, 3-year average29.82x
P/B, 3-year average2.46x
P/E, 5-year average28.90x
P/B, 5-year average2.53x
Profitability
Operating margin (excl. other income)16.18%
Operating margin (incl. other income)17.45%
EBITDA margin16.48%
Pre-tax margin6.70%
Net profit margin11.07%
Net margin, latest quarter6.07%
ROE8.37%
ROCE6.15%
ROA5.54%
ROE, 3-year average9.07%
ROCE, 3-year average11.95%
ROA, 3-year average5.85%
ROE, 5-year average9.56%
ROCE, 5-year average14.20%
ROA, 5-year average5.89%
ROIC (approx.)8.32%
Tax rate-70.88%
Other income / net worth0.87%
Growth
Sales growth (latest year)15.05%
Profit growth (latest year)9.88%
Sales CAGR, 3 years1.45%
Sales CAGR, 5 years10.65%
Profit CAGR, 3 years22.32%
Profit CAGR, 5 years14.86%
Sales growth QoQ-12.97%
Profit growth QoQ-68.47%
Sales growth YoY (latest quarter)-7.67%
Profit growth YoY (latest quarter)-33.60%
Per share
EPS (TTM)Rs 17.85
EPS (latest year)Rs 19.13
EPS (latest quarter)Rs 2.33
EPS, 3-year averageRs 17.62
EPS, 5-year averageRs 15.97
Book value per shareRs 240.10
Sales per shareRs 161.29
Cash flow per shareRs 21.69
Free cash flow per shareRs -2.40
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.96
Dividends
Dividend payout10.46%
Dividend payout, 3-year average11.40%
Dividend payout, 5-year average19.68%
Efficiency
Asset turnover0.45x
Fixed asset turnover0.70x
Inventory turnover4.43x
Inventory days82 days
Debtor days17 days
Debtors turnover21.76x
Creditor days227 days
Cash conversion cycle37 days
Working capital days-3 days
Leverage
Total debtRs 866 Cr
Cash and bankRs 959 Cr
Net debtRs -93 Cr
Debt to equity0.01x
Net debt / EBITDA-0.01x
Interest coverage13.51x
Current ratio (filing 2026-03-31)1.05x
Quick ratio (filing 2026-03-31)0.70x
Trade payables (filing 2026-03-31)Rs 4,185 Cr
Owners' fund to total sources66.26%
Debt to assets0.97%
Cash flow
Cash from Operating Activity (latest year)Rs 5,362 Cr
Cash from Investing Activity (latest year)Rs -7,935 Cr
Cash from Financing Activity (latest year)Rs -1,629 Cr
Net Cash Flow (latest year)Rs -4,203 Cr
Free cash flow (latest year)Rs -594 Cr
FCFE (approx.: FCF + change in debt)Rs -517 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow7.58x
Statement figures
Net sales (TTM)Rs 39,867 Cr
Net sales (latest year)Rs 40,656 Cr
Sales (latest quarter)Rs 9,500 Cr
Operating profit excl. other income (latest year)Rs 6,577 Cr
Operating profit (latest quarter)Rs 1,589 Cr
Other income (TTM)Rs 402 Cr
EBITDA (TTM)Rs 6,570 Cr
PBDT (TTM)Rs 6,356 Cr
Profit before tax (TTM)Rs 2,673 Cr
Tax (latest year)Rs -2,338 Cr
Net profit (TTM)Rs 4,412 Cr
Net profit (latest year)Rs 4,728 Cr
Net profit (latest quarter)Rs 577 Cr
Depreciation (TTM)Rs 3,683 Cr
Depreciation (latest quarter)Rs 834 Cr
Interest (TTM)Rs 214 Cr
Cost of goods sold (latest year)Rs 20,165 Cr
Total expenditure (latest year)Rs 34,079 Cr
Total income (latest year)Rs 41,172 Cr
Share capitalRs 494 Cr
ReservesRs 58,853 Cr
Shareholders' fundsRs 59,347 Cr
Total assetsRs 89,574 Cr
Net blockRs 58,263 Cr
Capital work in progressRs 9,121 Cr
InvestmentsRs 113 Cr
ReceivablesRs 1,868 Cr
InventoryRs 4,552 Cr
Other liabilitiesRs 29,361 Cr
Shares outstanding (crore)247.18
Ownership
Promoter holding67.33% (-0.24 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.3 is at the 2th percentile of its own 9.7-year range (median 34.0, low 18.4, high 63.0).
P/B 1.51 is the lowest in 9.7 years (median 3.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAMBUJACEMNifty 50Difference
1 week-5.7%-2.8% -2.9 pts
1 month-9.9%-6.8% -3.1 pts
3 months-18.3%-7.6% -10.7 pts
6 months-9.7%+0.4% -10.1 pts
1 year-37.5%-9.9% -27.6 pts
2 years-41.8%-13.6% -28.2 pts
3 years-14.7%+14.2% -28.9 pts
5 years-9.9%+27.9% -37.8 pts
230 mutual fund schemes hold about ₹8,580 Cr. Over three months 169 bought more and 39 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Large Cap Fund2.24%894 +14%
ICICI Pru Aggressive Hybrid Fund(A0.65%341 +14%
Kotak Arbitrage Fund(M0.45%340 +14%
Mirae Asset Large Cap Fund0.87%337 +17%
HDFC Balanced Advantage Fund0.31%328 +16%
ICICI Pru Arbitrage Fund0.92%321 +61%
SBI Arbitrage Fund0.60%285 +73%
Nippon India Small Cap Fund0.32%265 +10%
Mirae Asset ELSS Tax Saver Fund0.94%248 +15%
Aditya Birla SL ELSS Tax Saver Fund1.68%244 +35%
ICICI Pru Equity Savings Fund(Q1.45%234 +22%
HDFC Large & Mid Cap Fund0.66%199 +12%
HDFC Manufacturing Fund1.83%194 +12%
Aditya Birla SL Large Cap Fund0.60%178 +218%
Nippon India Power & Infra Fund2.06%166 +29%
Tata Arbitrage Fund0.61%152 +29%
Nippon India Arbitrage Fund0.81%141 +62%
Nippon India Arbitrage Fund(M0.81%136 +62%
ICICI Pru Multi Cap Fund0.69%135 +8%
ICICI Pru Multi Cap Fund0.69%129 +8%
HDFC Arbitrage Fund(M0.49%124 +23%
Nippon India ELSS Tax Saver Fund0.74%108 +18%
Aditya Birla SL Value Fund1.46%101 +19%
ICICI Pru ELSS-Tax Saver Fund0.71%101 +15%
Mirae Asset Aggressive Hybrid Fund1.05%101 +14%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-04: Ambuja Cements Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-11-08Anubhuti Value Fund 2 (Mr Ameet DeOthersell30,500Rs 1.72 CrMarket Sale
2024-09-03Anubhuti Value Fund 1 (Mr. Ameet DOthersell130,000Rs 8.00 CrMarket Sale
2024-09-02Anubhuti Value Fund 1 (Mr. Ameet DOthersell132,000Rs 8.19 CrMarket Sale
2024-04-17Harmonia Trade and Investment LimiPromoter Groupother265,447,491Rs 8339.10 CrConversion of security
2024-03-28Harmonia Trade and Investment LimiPromoter Groupother212,030,758Rs 6660.95 CrConversion of security
2024-02-29Anubhuti Value Fund 2 (Mr Ameet DeOtherbuy12,500Rs 0.75 CrMarket Purchase
2023-03-27SHIKHA SOODEmployees/Designated Employesell20,000Rs 0.74 CrMarket Sale
2022-12-30SHIKHA SOODImmediate relativesell10,000Rs 0.53 CrMarket Sale
2022-09-15ENDEAVOUR TRADE AND INVESTMENT LIMPromoter Groupother702,442Rs 27.04 CrOthers
2022-09-15ENDEAVOUR TRADE AND INVESTMENT LIMPromoter Groupother702,442Rs 27.04 CrOthers
2022-09-15ENDEAVOUR TRADE AND INVESTMENT LIMPromoter Groupother702,442Rs 27.04 CrOthers
2022-06-20SHIKHA SOOD-buy3,000Rs 0.11 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹9,500 Cr -7.7% vs Jun 2025. Net profit ₹660 Cr -36.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
UltraTech Cement Ltd319,10837.012.7 %
Grasim Industries Ltd210,96636.88.01 %
Shree Cement Ltd79,01748.510.3 %
J K Cements Ltd37,27838.215.1 %
Dalmia Bharat Ltd30,71228.07.59 %
ACC Ltd22,58311.911.2 %
The Ramco Cements Ltd19,9491056.13 %
JSW Cement Ltd15,34919.511.1 %
Nuvoco Vistas Corporation Ltd11,79328.46.99 %
India Cements Ltd9,41269.71.24 %
Star Cement Ltd7,19819.016.6 %
Birla Corporation Ltd6,54511.79.78 %
JK Lakshmi Cement Ltd6,08515.812.0 %
Prism Johnson Ltd5,50046.95.92 %
HeidelbergCement India Ltd2,95124.314.7 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 2 Per Share
2025-06-13Dividend - Rs 2 Per Share
2024-06-14Dividend - Rs 2 Per Share
2023-07-07Dividend - Rs 2.50 Per Share
2022-03-30Dividend - Rs 6.30 Per Share
2021-03-19 Dividend - Re 1 Per Share
2020-11-05 Interim Dividend-Rs 17 Per Share
2020-05-19 Interim Dividend - Rs 1.50 Per Share
2020-04-03 Dividend - Rs 1.50 Per Share
2019-02-27 Dividend - Rs 1.50 Per Share
2018-04-05 Dividend - Rs 2 Per Share
2017-08-02 Interim Dividend - Rs 1.60 Per Share
2017-03-16 Dividend - Rs 1.20 Per Share
2016-08-02 Interim Dividend - Rs 1.60/- Per Share (Purpose Revised)
2016-02-22 Final Dividend - Rs 1.20/- Per Share
2015-07-31Interim Dividend - Rs 1.60/- Per Share (Purpose Revised)
2015-03-02Annual General Meeting / Final Dividend - Rs 3.20/- Per Share
2014-07-30Interim Dividend - Rs 1.80/- Per Share (Purpose Revised)
2014-02-12Final Dividend Rs.2.20/- Per Share (Purpose Revised)
2013-07-30Interim Dividend Rs.1.40 Per Share (Purpose Revised)
2013-02-18Dividend Rs 2.20 Per Sahre
2012-07-30Interim Dividend Rs 1.40 Per Share (Purpose Revised)
2012-02-13Final Dividend Rs.1.80 Per Share (Purpose Revised)
2011-08-08Interim Dividend Rs.1.40 Per Share
2011-02-11Final Dividend-Rs.1.40 Per Share
2010-08-05Interim Dividend-Rs.1.20 Per Share
2010-02-18Dividend-Rs.1.20 Pr Share
2009-08-04Int Div-Rs.1.20 Per Share
2009-02-18Final Dividend - 50%
2008-08-08Interim Dividend - 60%
2008-02-14Final Dividend-Re.1 Pr Sh
2007-08-03Div Int-Rs1.20+Spl-Rs1.30
2007-02-21Final Dividend-40%
2006-11-02Interim Dividend-75%
2006-05-04Interim Dividend-50%
DateTypeWhat it says
2026-09-30General Updates- Commissioning of Projects.
2026-09-30Shareholder meetingThe Combined Scrutinizers Report of NCLT Convened Meeting of Equity Shareholders pursuant to the Order passed by Honble National Company Law Tribunal,...
2026-09-29Shareholder meetingOutcome and proceedings of NCLT Convened General Meeting held on September 29, 2026 in relation to the Scheme of Amalgamation of ACC Limited with the...
2026-09-28Shareholder meetingOutcome and proceedings of NCLT Convened General Meeting held on September 28, 2026. Further, the company has submitted the Exchange a copy of Scrutin...
2026-09-21Concall / analyst meetInteraction with Investors / Analysts on September 25, 2026
2026-09-16Concall / analyst meetInteraction with Investors / Analysts on September 21, 2026 and September 22, 2026.
2026-09-11Concall / analyst meetInteraction with Investors / Analysts on September 17, 2026.
2026-08-29Concall / analyst meetInteraction with Investors / Analysts on September 3, 2026.
2026-08-27Shareholder meetingNotice of Court Covened General Meeting to be held on September 29, 2026
2026-08-26Shareholder meetingNotice of Court Covened General Meeting to be held on September 28, 2026
2026-08-21Concall / analyst meetSchedule of meet
2026-08-20Credit RatingCredit Rating
2026-08-12Concall / analyst meetAmbuja Cements Limited has informed the exchange about interaction with Investors / Analysts on August 19, 2026.
2026-08-10UpdatesCommissioning of Project.
2026-08-04Credit RatingCredit Rating
2026-08-03Concall / analyst meetTranscript of earning call held on July 28, 2026, pertaining to unaudited Financial Results of the company for the quarter ended June 30, 2026.
2026-07-29General UpdatesThe update in respect of Scheme of Amalgamation of ACC Limited "Amalgamating Company" with Ambuja Cements Limited "Amalgamated Company".
2026-07-28Concall / analyst meetThe link of Audio Recording of Investor / Analyst call held on 28 July, 2026.
2026-07-28Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-07-28Investor PresentationInvestor Presentation
2026-07-28Press ReleaseA media release dated July 28, 2026, titled "Ambuja Delivers Sustainable Q1 FY27 Performance Driven by Value-Led Growth and Operational Excellence".
2026-07-28Board meeting outcomeThe outcome of the Board Meeting held on July 28, 2026, inter alia, approving the Unaudited Financial Results of the Company for the quarter ended Jun...
2026-07-20General UpdatesThe update in respect of Scheme of Amalgamation of Orient Cement Limited "Transferor Company" with Ambuja Cements Limited "Transferee Company".
2026-07-14Concall / analyst meetSchedule of meet regarding Post Results call with Investors / Analyst.
2026-07-03General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.70
Max pain (expiry 2026-10-27)380
Largest call open interest at400
Largest put open interest at480
Implied volatility, at the money27.8%
Underlying at snapshot362.25
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,129
2026-09-291,500
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-06NCLATAmbuja Cements Ltd VS NA
2021-03-01NCLATAmbuja Cements Ltd VS NA
2021-02-16NCLATAmbuja Cements Ltd VS NA
2020-11-12NCLTAmbuja Cements Ltd Vs
2020-09-22NCLTAmbuja Cements Ltd Vs
2020-08-10NCLTAmbuja Cements Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ambuja Cements Ltd?

Ambuja Cements Ltd (AMBUJACEM) has a market capitalisation of Rs 90,882 Cr. at the 2026-10-01 close.

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

Ambuja Cements Ltd trades at a P/E of 19.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ambuja Cements Ltd's latest quarterly results?

In the Jun 2026 quarter, Ambuja Cements Ltd sales was Rs 9,500 Cr (-7.7% vs Jun 2025) and net profit was Rs 660 Cr.

What is the 52-week high and low of Ambuja Cements Ltd?

The 52-week high is Rs 588.75 and the 52-week low is Rs 365.75.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03