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Ambuja Cement

₹549.6 6.7 | 1.2%

Market Cap ₹135361 Cr.

Stock P/E 28.6

P/B 2.9

Current Price ₹549.6

Book Value ₹ 186.4

Face Value 2

52W High ₹706.9

Dividend Yield 0.36%

52W Low ₹ 452.9

Overview Inc. Year: 1981Industry: Cement & Construction Materials

Ambuja Cements Limited, collectively with its subsidiaries, manufactures and markets cement and cement related merchandise to individual homebuilders, masons and contractors, and designers and engineers in India. The organisation offers Portland pozzolana cement and normal Portland cement, as well as temperature resistant concrete blocks, Blaine Portland cement, and micro materials. It sells its merchandise thru sellers, authorized retail stockiest, retailers, and certified sales representatives. The organisation was previously called Gujarat Ambuja Cements Limited and changed its name to Ambuja Cements Limited in April 2007. The organisation was founded in 1981 and is primarily based in Mumbai, India. Ambuja Cements Limited operates as a subsidiary of Holderind Investments Ltd.

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Ambuja Cement Share Price

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Ambuja Cement Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Ambuja Cement Profit & Loss

#(Fig in Cr.) Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024 TTM
Net Sales 9149 9952 9431 9231 10457 11357 11668 11372 13979 19985 17919
Other Income 378 429 358 562 359 375 427 372 281 952 853
Total Income 9527 10381 9790 9793 10816 11732 12094 11744 14260 20938 18772
Total Expenditure 7483 8024 7900 7538 8517 9465 9519 8725 10764 16765 14549
Operating Profit 2044 2357 1890 2254 2299 2266 2575 3019 3496 4173 4223
Interest 65 64 92 126 107 82 84 83 91 128 162
Depreciation 490 510 626 849 573 548 544 521 552 832 938
Exceptional Income / Expenses 25 0 0 0 0 -130 0 0 -66 -157 -16
Profit Before Tax 1514 1783 1172 1279 1619 1506 1948 2414 2788 3055 3107
Provision for Tax 220 287 365 347 370 19 419 624 705 502 773
Profit After Tax 1295 1496 808 932 1250 1487 1529 1790 2083 2553 2335
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1295 1496 808 932 1250 1487 1529 1790 2083 2553 2335
Adjusted Earnings Per Share 8.4 9.7 5.2 4.7 6.3 7.5 7.7 9 10.5 12.9 10.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -10% 16% 10% 7%
Operating Profit CAGR 1% 12% 13% 8%
PAT CAGR -9% 9% 9% 6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 14% 23% 9%
ROE Average 8% 10% 9% 9%
ROCE Average 10% 12% 11% 12%

Ambuja Cement Balance Sheet

#(Fig in Cr.) Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Shareholder's Funds 9486 10103 10307 19357 19973 21013 22205 20316 22205 28506 37007
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 29 29 23 16 24 40 35 44 44 34 19
Other Non-Current Liabilities 607 631 606 548 503 419 303 578 578 941 639
Total Current Liabilities 2843 3138 3226 3432 4127 3715 4447 4544 5357 6423 6464
Total Liabilities 12965 13901 14162 23353 24627 25187 26991 25481 28183 35904 44129
Fixed Assets 6063 6227 6092 5942 5722 5664 5812 5932 7671 8620 8803
Other Non-Current Assets 1365 1679 1521 13197 13395 13783 14330 15119 13731 16038 20319
Total Current Assets 5537 5995 6549 4214 5510 5740 6848 4431 6780 11247 15006
Total Assets 12965 13901 14162 23353 24627 25187 26991 25481 28183 35904 44129

Ambuja Cement Cash Flow

#(Fig in Cr.) Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 3860 3961 4459 5132 2396 3311 3150 4512 2718 3991 285
Cash Flow from Operating Activities 1287 1675 1553 1416 1836 572 2485 2606 2477 2010 2757
Cash Flow from Investing Activities -522 -460 -83 -3469 -196 -254 -737 -641 -887 -9327 -7607
Cash Flow from Financing Activities -663 -717 -897 -683 -749 -478 -389 -3760 -317 3612 5697
Net Cash Inflow / Outflow 101 498 573 -2736 892 -161 1359 -1796 1273 -3706 847
Closing Cash & Cash Equivalent 3961 4459 5032 2396 3311 3150 4512 2717 3990 285 1132

Ambuja Cement Ratios

# Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Earnings Per Share (Rs) 8.37 9.66 5.2 4.69 6.29 7.49 7.7 9.02 10.49 12.86 10.62
CEPS(Rs) 11.54 12.94 9.24 8.97 9.18 10.25 10.44 11.64 13.27 17.05 14.89
DPS(Rs) 3.6 5 2.8 2.8 3.6 1.5 1.5 18 6.3 2.5 2
Book NAV/Share(Rs) 61.24 65.13 66.41 97.48 100.59 105.82 111.83 102.31 111.83 118.38 155.74
Core EBITDA Margin(%) 16.04 17.16 14.23 16.12 17.28 15.41 16.35 20.8 20.21 14.42 17.03
EBIT Margin(%) 15.2 16.44 11.74 13.38 15.38 12.94 15.46 19.63 18.1 14.26 16.52
Pre Tax Margin(%) 14.57 15.87 10.89 12.18 14.42 12.27 14.82 18.98 17.52 13.68 15.7
PAT Margin (%) 12.46 13.32 7.5 8.88 11.13 12.11 11.63 14.07 13.09 11.44 11.79
Cash Profit Margin (%) 17.18 17.85 13.31 16.96 16.24 16.58 15.77 18.17 16.56 15.16 16.53
ROA(%) 10.24 11.14 5.76 4.97 5.21 5.97 5.86 6.82 7.76 7.97 5.83
ROE(%) 14.19 15.3 7.92 6.29 6.35 7.26 7.07 8.42 9.8 11.17 8.09
ROCE(%) 17.19 18.8 12.35 9.46 8.77 7.74 9.38 11.72 13.51 12.53 9.97
Receivable days 7.81 7.46 8.72 11.86 11.44 11.57 13.66 10.11 5.58 7.03 11.82
Inventory Days 33.69 29.59 30.24 31.86 32.35 34.65 31 24.39 25.36 25.37 29.78
Payable days 343.7 255.83 288.16 350.44 401.89 416.29 333.49 284.58 325.78 181.2 133.8
PER(x) 21.82 23.69 39.07 43.92 43.1 29.96 25.5 27.6 35.99 28.42 57.64
Price/Book(x) 2.98 3.51 3.06 2.12 2.7 2.12 1.76 2.43 3.38 3.09 3.93
Dividend Yield(%) 1.97 2.19 1.38 1.36 1.33 0.67 0.76 7.23 1.67 0.68 0.33
EV/Net Sales(x) 2.84 3.32 3.05 4.16 4.82 3.63 2.94 4.09 5.07 3.51 7.02
EV/Core EBITDA(x) 12.69 14 15.21 17.03 21.91 18.21 13.33 15.42 20.26 16.79 29.78
Net Sales Growth(%) -5.54 8.77 -5.23 -2.13 13.29 8.6 2.74 -2.54 22.93 42.97 -10.34
EBIT Growth(%) -20.14 17.01 -31.6 11.2 22.82 -7.99 27.9 22.93 15.27 10.56 2.72
PAT Growth(%) -0.19 15.59 -46.03 15.44 34.04 19 2.79 17.11 16.37 22.58 -8.57
EPS Growth(%) -0.43 15.3 -46.11 -9.78 34.04 19 2.79 17.11 16.37 22.58 -17.39
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.95 1.91 2.03 1.23 1.34 1.54 1.54 0.98 1.27 1.75 2.32
Quick Ratio(x) 1.62 1.63 1.75 0.95 1.08 1.2 1.33 0.81 0.99 1.5 2.08
Interest Cover(x) 24.27 28.66 13.77 11.15 16.11 19.29 24.32 30.07 31.64 24.87 20.15
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Ambuja Cement Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 63.11 63.15 63.15 63.15 63.15 63.15 63.15 66.7 70.29 67.53
FII 12.81 11.04 10.65 11.12 12.42 11.64 11.87 11.08 9.58 10.6
DII 15.22 16.5 16.97 14.76 14.41 15.52 15.82 14.47 13.25 15.18
Public 8.73 9.21 9.12 10.86 9.94 9.63 9.09 7.68 6.82 6.63
Others 0.13 0.11 0.11 0.11 0.08 0.07 0.07 0.06 0.05 0.05
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 181.2 to 133.8days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • The company has delivered a poor profit growth of 9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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