Latest news with #AmbujaCements'
Economic Times
10-07-2025
- Business
- Economic Times
Ambuja Cements shares in focus after ACC commissions 1.5 MTPA grinding unit in Jharkhand
Shares of Ambuja Cements will be in focus on Thursday after the company announced that its subsidiary, ACC Limited, has successfully commissioned a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand. ADVERTISEMENT With this commissioning, Ambuja Cements' total installed cement capacity has increased to 104.45 MTPA, the company said in a regulatory filing. 'This development marks a significant milestone in the company's journey of growth and excellence,' it added. Last month, Ambuja had commissioned a 2.4 MTPA brownfield expansion at its Sankrail unit in West Bengal, which had pushed its capacity to 102.95 MTPA. Also Read: These 10 debt-free penny stocks rallied 75-355% in 1 year. Do you own any? For the March 2025 quarter, Ambuja Cements reported a 75% year-on-year (YoY) rise in standalone net profit to Rs 929 crore, while revenue from operations grew 19% YoY to Rs 5,670 crore. ADVERTISEMENT On a consolidated basis, however, profit after tax declined 9% YoY to Rs 956 crore, compared to Rs 1,051 crore in the same quarter last year. Consolidated revenue rose 12% YoY to Rs 9,872 stood at Rs 1,868 crore, up 10% YoY, with margins steady at 18.9%. EBITDA per tonne came in at Rs 1,001, excluding a one-time government grant recorded in the previous quarter. ADVERTISEMENT Also Read: Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025 According to Trendlyne, the average analyst target price for Ambuja Cements is Rs 623, implying an upside of just over 6% from current levels. The stock holds a 'Buy' rating from 38 analysts. ADVERTISEMENT Ambuja shares closed 0.1% lower at Rs 590.7 on Wednesday on the BSE, while the benchmark Sensex slipped 0.21%. The stock has gained 12% in the past six months and is up 10% year-to-date. Ambuja Cements' market capitalisation currently stands at Rs 1.45 lakh crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10-07-2025
- Business
- Time of India
Ambuja Cements shares in focus after ACC commissions 1.5 MTPA grinding unit in Jharkhand
Shares of Ambuja Cements will be in focus on Thursday after the company announced that its subsidiary, ACC Limited , has successfully commissioned a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand . With this commissioning, Ambuja Cements' total installed cement capacity has increased to 104.45 MTPA, the company said in a regulatory filing. 'This development marks a significant milestone in the company's journey of growth and excellence,' it added. Last month, Ambuja had commissioned a 2.4 MTPA brownfield expansion at its Sankrail unit in West Bengal, which had pushed its capacity to 102.95 MTPA. Also Read: These 10 debt-free penny stocks rallied 75-355% in 1 year. Do you own any? Ambuja Q4 earnings Live Events For the March 2025 quarter, Ambuja Cements reported a 75% year-on-year (YoY) rise in standalone net profit to Rs 929 crore, while revenue from operations grew 19% YoY to Rs 5,670 crore. On a consolidated basis, however, profit after tax declined 9% YoY to Rs 956 crore, compared to Rs 1,051 crore in the same quarter last year. Consolidated revenue rose 12% YoY to Rs 9,872 crore. EBITDA stood at Rs 1,868 crore, up 10% YoY, with margins steady at 18.9%. EBITDA per tonne came in at Rs 1,001, excluding a one-time government grant recorded in the previous quarter. Also Read : Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025 Ambuja Cements shares target price According to Trendlyne, the average analyst target price for Ambuja Cements is Rs 623, implying an upside of just over 6% from current levels. The stock holds a 'Buy' rating from 38 analysts. Ambuja Cements' stock performance Ambuja shares closed 0.1% lower at Rs 590.7 on Wednesday on the BSE, while the benchmark Sensex slipped 0.21%. The stock has gained 12% in the past six months and is up 10% year-to-date. Ambuja Cements' market capitalisation currently stands at Rs 1.45 lakh crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
02-07-2025
- Business
- Business Standard
Ambuja Cements rises 2% in trade; brokerages upbeat on company's capex plan
Ambuja Cements share price rose 2.2 per cent in trade on Wednesday, logging an intraday high at ₹593.3 per share on BSE on strong capacity expansion and cost efficiency improvement plans. At 12:08 PM, Ambuja Cements share price was trading 2.21 per cent higher at ₹592.8 per share on the BSE. In comparison, the BSE Sensex was trading down 0.28 per cent at 83,462.23. The company's market capitalisation stood at ₹1,46,013.96 crore. Its 52-week high was at ₹706.85 per share and 52-week low was at ₹452.9 per share. On Ambuja Cements' Marwar Mundwa plant visit, the company revealed plans to increase its market share from 11-12 per cent to 14.5 per cent, with a target of 17-18 per cent/20 per cent by FY28E/FY30E. Further, increasing its premium cement share remains a key focus area, which currently accounts for 24 per cent of its trade volume, with ₹400 per ton higher profitability. The company is also on track to expand its capacity and achieve a targeted capacity of 140 mtpa by FY28. Management also reiterated their guidance to reduce costs by ₹500–550 per ton by FY28E and believes acquisition challenges are behind it and profitability should improve backed by increasing digitisation, synergies from Adani group companies, higher share of RE power, improved logistics, lower lead distance, better use of marine transport and increase in share of premium cement (currently at 29 per cent of trade sales; aim is to reach 35 per cent in FY26). On the financial front, Ambuja Cements has reiterated its Ebitda/t target of ₹1,500/t by FY28E, led by cost savings and an increasing share of premium cement. Ebitda refers to Earnings before interest, tax, depreciation and amortisation. What should investors do with Ambuja Cements shares? Post the visit, Nuvama Institutional Equities has suggested buying Ambuja Cements for a target of ₹694 per share on the back of the company's healthy capex plans and measures being undertaken for cost efficiency improvement. Meanwhile, Motilal Oswal has reiterated its 'Buy' rating for a target of ₹700 per share. The brokerage estimates the company's consolidated revenue/Ebitda/PAT compound annual growth rate (CAGR) at 17 per cent/35 per cent/36 per cent over FY25-27, albeit on a low base.
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Business Standard
24-06-2025
- Business
- Business Standard
Ambuja Cements share price gains 5% in trade; What's behind rally?
Ambuja Cements shares rose 5 per cent in trade on Tuesday, logging an intraday high at ₹562.5 per share on BSE. At 1:48 PM, Ambuja Cements share price was trading 4.13 per cent higher at ₹557.75 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 81,993.66. The company's market capitalisation stood at ₹1,36,223.04 crore. Its 52-week high was at ₹706.85 per share and 52-week low was at ₹452.9 per share. What led to a rally in Ambuja Cements stock? The stock gained after the company informed that it successfully commissioned a 2.4 Million Ton Per Annum (MTPA) brownfield expansion of a cement unit in Sankrail, West Bengal. "We would like to inform that the Company has successfully commissioned 2.4 Million Ton Per Annum (MTPA) brownfield expansion of Cement Unit in Sankrail, West Bengal," the filing read. Ambuja Cements Q4 results Ambuja Cements, in Q4, reported a 9 per cent decline in consolidated net profit ₹956.27 crore, as compared to ₹1,050.58 crore reported during the same period last year. Sequentially, consolidated net profit more than halved from ₹2,115.33 crore. Revenue from operations, however, grew by 11.6 per cent year-on-year (Y-o-Y) to ₹9,802.47 crore from ₹8,785.28 crore. On a quarter-on-quarter (Q-o-Q) basis, revenue rose by 16.5 per cent from ₹8,415.31 crore. Total expenses, meanwhile, also grew 14 per cent at ₹8,821.70 crore, compared to ₹7,747.41 crore reported during the same period last year. Sequentially, expenses rose by 6 per cent from ₹8,347.68 crore in Q3 FY25. Ambuja Cements' consolidated quarterly earnings before interest, taxes, depreciation, and amortisation (Ebitda) were the highest at ₹1,868 crore, up 10 per cent Y-o-Y. However, the margin slipped to 18.9 per cent from 19.1 per cent during the year-ago period. About Ambuja Cements
Time of India
06-05-2025
- Business
- Time of India
Buy Ambuja Cements, target price Rs 635: JM Financial
JM Financial has maintained the buy call on Ambuja Cements with an unchanged target price of Rs 635. The current market price of Ambuja Cements is Rs 538.45. Time period given by the analyst is a year when Ambuja Cements price can reach the defined target. Financials Ambuja Cements' consolidated volume grew by 13% YoY and QoQ to 18.7 mt. Blended realisation (including RMX) declined 1% YoY; however, it increased 3% declined 2% YoY/ increased 86% QoQ to INR 1,001 (+Rs 464/tn sequentially). Total cost/tn declined 1% YoY/ 7% QoQ to Rs 4,299, the managementhas targeted cost/tn of around Rs 3,650/tn by FY28. Cash & cash equivalents declined Rs 58.7 billion YoY while it increased Rs 13.7 billion QoQ to Rs 101 billion as of Mar?25. Volumes of Penna/Sanghi together stand at 1.6mt for 4QFY25. Excluding the same, LFL volume growth for Ambuja was sub-5% YoY. Investment Rationale Ambuja Cements' consolidated EBITDA increased 10% YoY/ 2.1x QoQ to Rs 18.7 billion, 10-13% above our and consensus estimates owing to better-than-expected realisation and lower cost/tn. Blended EBITDA/tn declined 2% YoY/ increased by 86% QoQ to Rs 1,001 (JMFe: Rs 890). Consolidated volume grew 13% YoY and QoQ to 18.7mt. The company?s capacity crossed 100 mt in 4Q, and it aims to increase it to 118mt/140mt by FY26/FY28 respectively. Factoring in a better pricing scenario, JM Financial has increased its EBITDA estimates by 3% for FY26, and maintains its estimates for FY27. The brokerage maintains a BUY rating on the stock with unchanged target price of Rs 635/share based on 18x FY27 EV/E. Thwy like the company's dominant market position, pan-India presence, and industry leading volume growth, further supported by a strong balance sheet. Within the group, our preference remains Ambuja>ACC given higher growth visibility. Promoter/FII Holdings Promoters held 67.57 per cent stake in the company as of 31-Mar-2025, while FIIs owned 8.6 per cent, DIIs 17.09 per cent.
