Ambuja Cement Q4 Results Review: Cost, Margin Levers Intact, Says Systematix Maintaining 'Buy'

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Systematix Report

Ambuja Cement Ltd.’s aggressive organic expansion, improving capacity utilization, and enhanced footprint via acquired assets like Penna, Sanghi, and Orient, reinforce its positioning for long-term growth. Backed by a debt-free balance sheet with Rs 10,125 crore in cash and cash equivalents, the company is structurally set to gain share in a growing cement market projected to grow at 7–7.5% CAGR till FY30.

Strategic investments in premiumization (29% of trade sales), digital transformation, and ESG leadership (targeting 60% green power by FY28) further boost earnings visibility.

We maintain a Buy rating with a target price of Rs 649, valuing the stock at 15x FY27E EV/Ebitda, given its superior cost curve, strong execution, and visible roadmap to 140 mtpa.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.