|
31 Aug 2025 |
Ambuja Cements
|
Consensus Share Price Target
|
563.20 |
648.43 |
- |
15.13 |
buy
|
|
|
|
|
25 Oct 2022
|
Ambuja Cements
|
ICICI Securities Limited
|
563.20
|
490.00
|
516.90
(8.96%)
|
Target met |
Hold
|
|
|
Ambuja Cements’ (ACEM) Q3CY22 standalone EBITDA at Rs3bn (down 57% YoY) was much below our and consensus estimates.
|
|
25 Oct 2022
|
Ambuja Cements
|
ICICI Direct
|
563.20
|
610.00
|
513.10
(9.76%)
|
|
Buy
|
|
|
|
|
20 Sep 2022
|
Ambuja Cements
|
Axis Direct
|
563.20
|
570.00
|
574.35
(-1.94%)
|
Target met |
Hold
|
|
|
The company at 20x (14x earlier) owing to a robust growth outlook to arrive at TP of Rs 570/ including ACM stake in ACC, implying an upside of 1% from the CMP and maintain our HOLD rating on the stock.
|
|
18 Sep 2022
|
Ambuja Cements
|
Motilal Oswal
|
563.20
|
530.00
|
564.90
(-0.30%)
|
Target met |
Neutral
|
|
|
|
|
03 Sep 2022
|
Ambuja Cements
|
Hem Securities
|
563.20
|
448.00
|
417.95
(34.75%)
|
Target met |
Accumulate
|
|
|
|
|
26 Jul 2022
|
Ambuja Cements
|
Geojit BNP Paribas
|
563.20
|
403.00
|
374.80
(50.27%)
|
Target met |
Hold
|
|
|
|
|
20 Jul 2022
|
Ambuja Cements
|
Prabhudas Lilladhar
|
563.20
|
385.00
|
370.75
(51.91%)
|
Target met |
Hold
|
|
|
|
|
20 Jul 2022
|
Ambuja Cements
|
Axis Direct
|
563.20
|
365.00
|
367.85
(53.11%)
|
Target met |
Hold
|
|
|
We value ACL at 14x CY23E EV/EBITDA (including Ambuja stake in ACC with no holding company discount) to arrive at TP of Rs 365/share, implying a downside of 2% from the CMP as we attach a lower value to Ambuja's stake in ACC Limited and hence change our rating on the stock from BUY to HOLD.
|
|
19 Jul 2022
|
Ambuja Cements
|
Motilal Oswal
|
563.20
|
350.00
|
367.85
(53.11%)
|
Target met |
Neutral
|
|
|
|
|
09 Jun 2022
|
Ambuja Cements
|
Axis Direct
|
563.20
|
405.00
|
365.30
(54.17%)
|
Target met |
Buy
|
|
|
We value ACL at 13x CY23E EV/EBITDA (including Ambuja stake in ACC with no holding company discount) to arrive at the TP of Rs 405/share, implying an upside of 11% from the CMP and maintain our BUY rating on the stock.
|