Ambuja Cements Ltd (AMBUJACEM) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.06%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 5.6%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 8.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹376.16

200-Day DMA ● Overlay

₹348.87

14-Day RSI ● Overlay

52.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹84,981 Cr

Large cap

Stock P/E (TTM) Valuation

18.1x

Price / EPS

Book Value (₹) Assets

₹240.0

P/B: 1.4x

ROE (%) Quality

8.9%

Net Profit / Equity

ROCE (%) Efficiency

5.6%

EBIT / Capital

Dividend Yield Yield

0.56%

Face Value: ₹10

Debt / Equity Solvency

0.01x

Low Debt

EPS (TTM) Per Share

₹18.84

Trailing 12M

OPM (%) Spread

15.0%

EBITDA Margin

Free Cash Flow Cash

-₹594.00 Cr

CFO - Capex

About Ambuja Cements Ltd

Ambuja Cements Ltd (AMBUJACEM) is a leading Indian enterprise operating in the Cement & Building Materials sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.8% × Turnover: 0.85x × Leverage: 1.01x = ROE: 8.85%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.4x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹39,867 Cr

Latest PAT

₹5,222 Cr

EPS (TTM)

₹18.84

OPM %

15.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹8,713 Cr	₹7,424 Cr	₹8,129 Cr	₹8,894 Cr	₹8,392 Cr	₹7,552 Cr	₹9,411 Cr	₹9,981 Cr	₹10,289 Cr	₹9,174 Cr	₹10,277 Cr	₹10,916 Cr	₹9,500 Cr
Operating Profit (EBITDA)	₹1,667 Cr	₹1,302 Cr	₹1,732 Cr	₹1,699 Cr	₹1,280 Cr	₹1,111 Cr	₹1,712 Cr	₹1,868 Cr	₹1,961 Cr	₹1,761 Cr	₹1,353 Cr	₹1,465 Cr	₹1,589 Cr
OPM %	19.0%	18.0%	21.0%	19.0%	15.0%	15.0%	18.0%	19.0%	19.0%	19.0%	13.0%	13.0%	17.0%
Interest Expense	₹52.00 Cr	₹61.00 Cr	₹70.00 Cr	₹93.00 Cr	₹68.00 Cr	₹67.00 Cr	₹67.00 Cr	₹14.00 Cr	₹67.00 Cr	₹77.00 Cr	₹59.00 Cr	₹21.00 Cr	₹57.00 Cr
Depreciation	₹372.00 Cr	₹381.00 Cr	₹416.00 Cr	₹459.00 Cr	₹476.00 Cr	₹520.00 Cr	₹607.00 Cr	₹694.00 Cr	₹767.00 Cr	₹885.00 Cr	₹911.00 Cr	₹1,053 Cr	₹834.00 Cr
Profit before Tax (PBT)	₹1,512 Cr	₹1,340 Cr	₹1,450 Cr	₹1,595 Cr	₹1,094 Cr	₹744.00 Cr	₹2,393 Cr	₹1,872 Cr	₹1,427 Cr	₹838.00 Cr	₹460.00 Cr	₹527.00 Cr	₹848.00 Cr
Net Profit (PAT)	₹1,135 Cr	₹987.00 Cr	₹1,091 Cr	₹1,521 Cr	₹783.00 Cr	₹496.00 Cr	₹2,663 Cr	₹1,351 Cr	₹1,041 Cr	₹2,302 Cr	₹403.00 Cr	₹1,857 Cr	₹660.00 Cr
EPS in ₹	₹4.56	₹3.99	₹4.15	₹4.78	₹2.60	₹1.95	₹8.76	₹4.16	₹3.53	₹7.14	₹0.97	₹7.40	₹2.32

Annual P&L (₹ Cr)	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023 15m	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹9,955 Cr	₹9,437 Cr	₹20,094 Cr	₹23,609 Cr	₹26,041 Cr	₹27,104 Cr	₹24,516 Cr	₹28,965 Cr	₹38,937 Cr	₹33,160 Cr	₹35,336 Cr	₹40,656 Cr	₹39,867 Cr
Expenses	₹8,022 Cr	₹7,895 Cr	₹16,913 Cr	₹19,751 Cr	₹22,030 Cr	₹22,507 Cr	₹19,511 Cr	₹22,755 Cr	₹33,815 Cr	₹26,760 Cr	₹29,366 Cr	₹34,079 Cr	₹33,699 Cr
Operating Profit	₹1,934 Cr	₹1,542 Cr	₹3,181 Cr	₹3,858 Cr	₹4,011 Cr	₹4,597 Cr	₹5,006 Cr	₹6,210 Cr	₹5,122 Cr	₹6,400 Cr	₹5,971 Cr	₹6,577 Cr	₹6,168 Cr
OPM %	19%	16%	16%	16%	15%	17%	20%	21%	13%	19%	17%	16%	15%
Interest	₹66.00 Cr	₹92.00 Cr	₹153.00 Cr	₹206.00 Cr	₹170.00 Cr	₹170.00 Cr	₹140.00 Cr	₹146.00 Cr	₹195.00 Cr	₹276.00 Cr	₹216.00 Cr	₹224.00 Cr	₹214.00 Cr
Depreciation	₹513.00 Cr	₹630.00 Cr	₹1,461 Cr	₹1,219 Cr	₹1,154 Cr	₹1,153 Cr	₹1,162 Cr	₹1,152 Cr	₹1,645 Cr	₹1,628 Cr	₹2,297 Cr	₹3,570 Cr	₹3,683 Cr
Profit before Tax	₹1,774 Cr	₹1,173 Cr	₹2,008 Cr	₹2,768 Cr	₹2,919 Cr	₹3,875 Cr	₹3,992 Cr	₹5,164 Cr	₹3,729 Cr	₹5,896 Cr	₹6,104 Cr	₹3,299 Cr	₹2,673 Cr
Net Profit	₹1,487 Cr	₹808.00 Cr	₹1,434 Cr	₹1,945 Cr	₹2,973 Cr	₹2,783 Cr	₹3,107 Cr	₹3,711 Cr	₹3,024 Cr	₹4,735 Cr	₹5,294 Cr	₹5,637 Cr	₹5,222 Cr
EPS in Rs	9.59	5.21	5.57	7.64	10.97	10.55	11.91	14.00	13.01	16.26	17.47	19.13	17.83

Balance Sheet (₹ Cr)	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹310.00 Cr	₹310.00 Cr	₹397.00 Cr	₹397.00 Cr	₹397.00 Cr	₹397.00 Cr	₹397.00 Cr	₹397.00 Cr	₹397.00 Cr	₹440.00 Cr	₹493.00 Cr	₹494.00 Cr
Reserves & Surplus	₹9,760 Cr	₹9,961 Cr	₹19,424 Cr	₹20,275 Cr	₹21,973 Cr	₹23,681 Cr	₹22,360 Cr	₹24,957 Cr	₹31,301 Cr	₹41,012 Cr	₹53,086 Cr	₹58,853 Cr
Borrowings (Debt)	₹34.00 Cr	₹35.00 Cr	₹29.00 Cr	₹24.00 Cr	₹40.00 Cr	₹41.00 Cr	₹471.00 Cr	₹477.00 Cr	₹523.00 Cr	₹699.00 Cr	₹788.00 Cr	₹866.00 Cr
Total Liabilities	₹13,878 Cr	₹14,133 Cr	₹32,824 Cr	₹35,509 Cr	₹37,391 Cr	₹40,178 Cr	₹39,718 Cr	₹45,205 Cr	₹51,721 Cr	₹65,067 Cr	₹81,102 Cr	₹89,574 Cr
Fixed Assets	₹6,310 Cr	₹6,170 Cr	₹21,410 Cr	₹20,898 Cr	₹20,636 Cr	₹20,701 Cr	₹20,486 Cr	₹22,254 Cr	₹23,551 Cr	₹32,194 Cr	₹42,766 Cr	₹58,263 Cr
Total Assets	₹13,878 Cr	₹14,133 Cr	₹32,824 Cr	₹35,509 Cr	₹37,391 Cr	₹40,178 Cr	₹39,718 Cr	₹45,205 Cr	₹51,721 Cr	₹65,067 Cr	₹81,102 Cr	₹89,574 Cr

Cash Flows (₹ Cr)	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹1,675 Cr	₹1,557 Cr	₹2,810 Cr	₹3,416 Cr	₹1,703 Cr	₹4,739 Cr	₹4,832 Cr	₹5,309 Cr	₹735.00 Cr	₹5,646 Cr	₹2,237 Cr	₹5,362 Cr
Cash from Investing (CFI)	-₹456.00 Cr	-₹83.00 Cr	-₹4,165 Cr	-₹738.00 Cr	-₹765.00 Cr	-₹1,191 Cr	-₹1,317 Cr	-₹2,007 Cr	-₹14,481 Cr	-₹8,941 Cr	-₹7,529 Cr	-₹7,935 Cr
Cash from Financing (CFF)	-₹721.00 Cr	-₹900.00 Cr	-₹958.00 Cr	-₹1,015 Cr	-₹719.00 Cr	-₹629.00 Cr	-₹3,956 Cr	-₹516.00 Cr	₹2,931 Cr	₹5,689 Cr	₹5,592 Cr	-₹1,629 Cr
Free Cash Flow (FCF)	₹854.00 Cr	₹937.00 Cr	₹1,925 Cr	₹2,332 Cr	₹612.00 Cr	₹3,132 Cr	₹3,107 Cr	₹3,013 Cr	-₹3,331 Cr	₹1,685 Cr	-₹6,293 Cr	-₹594.00 Cr

Efficiency Ratios	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	8	11	17	14	18	14	8	8	11	13	16	17
Inventory Days	379	394	339	323	333	208	193	337	234	238	238	246
Cash Conversion Cycle (Days)	123	107	32	-33	13	-9	-58	-14	46	56	86	37
ROCE %	18%	11%	11%	12%	12%	14%	14%	17%	12%	13%	11%	6%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹287.74 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹389.80

DCF Fair Value

₹287.74

Graham Number

₹318.96

Margin of Safety

-22.6%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹287.74

Premium / Overvalued (Margin: -22.6%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹280	₹277	₹275	₹273
10%	₹285	₹283	₹280	₹278
12%	₹290	₹288	₹285	₹283
14%	₹296	₹293	₹290	₹288

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹288	Fairly Valued
Benjamin Graham Number	₹319	Market Priced
Historical Sector P/E	₹414	Discounted
EV / EBITDA Multiplier	₹409	In-Line
Free Cash Flow Yield Model	₹382	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

5.2 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.01x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 15.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

67.33%

FIIs (Foreign)

5.63%

DIIs (Domestic)

19.44%

Government

0.15%

Public / Retail

7.38%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	63.19%	63.19%	66.74%	70.33%	67.57%	67.57%	67.57%	67.57%	67.68%	67.68%	67.68%	67.33%
+ FIIs (Foreign Portfolio)	11.65%	11.88%	11.09%	9.59%	10.61%	9.14%	8.60%	7.43%	5.91%	5.80%	5.87%	5.63%
+ DIIs (Mutual Funds / Insurance)	15.26%	15.56%	14.24%	13.03%	14.98%	16.41%	17.09%	18.49%	19.41%	19.64%	19.86%	19.44%
+ Public (Retail & HNIs)	9.63%	9.10%	7.69%	6.83%	6.64%	6.66%	6.51%	6.30%	6.77%	6.67%	6.36%	7.38%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Cement & Building Materials.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

AMBUJACEM Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

AMBUJACEM Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

AMBUJACEM Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹498.94

Accelerated market share capture in Cement & Building Materials, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹436.58

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 18x P/E.

🐻 Bear Case (15%) -12.0%

₹343.02

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Cement & Building Materials)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:38 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Ambuja Cements Ltd (AMBUJACEM)	Target Stock	₹389.80	+0.06%	18.1x	8.9%	5.6%	0.01	₹84,981 Cr
UltraTech Cement Ltd (ULTRACEMCO)	Grey & White Cement Manufacturing	₹12,362.00	+0.71%	36.6x	11.1%	12.7%	0.31	₹3.16 Lakh Cr
Grasim Industries Ltd (GRASIM)	Viscose Staple Fiber & Paints (Birla Opus)	₹3,156.70	-0.41%	35.1x	5.0%	8.0%	2.20	₹2.02 Lakh Cr
ACC Ltd (ACC)	Portland Cement & Ready Mix Concrete	₹1,237.20	+0.19%	11.7x	10.9%	11.2%	0.02	₹22,211 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:38:12 IST	✓ Live Sync
Financial Statements (10Y)	Ambuja Cements Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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Ambuja Cements Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Ambuja Cements Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Cement & Building Materials)

Metric Explainer

Stock DNA Methodology

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