Ambuja Cements Ltd.

NSE: AMBUJACEM | BSE: 500425 | ISIN: INE079A01024 | Industry: Cement & Cement Products
| Mid-range Performer
590.3000 7.85 (1.35%)
NSE Sep 22, 2025 15:31 PM
Volume: 5.0M
 

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Ambuja Cements Ltd.
23 Oct 2018, 12:00AM
590.30
1.35%

Ambuja Cements

Centrum Broking
We upgrade ACEM to BUY with unchanged TP of Rs230, as the recent stock price corrections has turned valuations attractive the stock is trading at 10.6x/9.4x its CY19/20E EBITDA. During Q3CY18, ACEM's standalone EBITDA rose a modest 5% YoY, as the strong 9% YoY volume growth benefits were moderated by high cost pressure. PAT declined 32% YoY on absence of dividend income from its subsidiary ACC, during the quarter. We model in 5% volume CAGR for CY17-20E amid no near term capacity expansion. The material supply agreement (MSA) with ACC should partly moderate the cost inflation going forward, thus aiding 9% EBITDA CAGR during CY17-20E....
Ambuja Cements Ltd. has an average target of 676.00 from 8 brokers.
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