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Ambuja Cement — Accelerating Transformation; Growth Drivers In Place, Says Motilal Oswal Maintaining 'Buy'
Motilal Oswal reiterates Buy rating on Ambuja Cement with a target price of Rs 700.
02 Jul 2025, 09:02 AM IST 
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Ambuja Cement's consolidated trades at 21x/17x FY26E/FY27E EV/Ebitda and $154/$147 enterprise value/tonne. (Photo: Usha Kunji/ NDTV Profit)
Ambuja Cement has reiterated its capacity target of 140 mtpa by FY28E. After acquiring Holcim’s stake in ACC and Ambuja Cement, the Group’s capacity increased from 68 mtpa in Sep’22 to 102.8 mtpa currently. Acquisitions of Sanghi Industries (6.1mtpa), Asian Cement (1.5mtpa), Penna Cement (10mtpa), and Orient Cement (8.5mtpa) have supported progress toward the 140mtpa capacity target. In FY26, installed capacity will increase by ~19mt...
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