Dolat Capital maintains 'Accumulate' rating on Ambuja Cement with revised target price of Rs 577, considering better-than-industry volume growth besides improvement in profitability.
Ambuja Cement maintains its target of total cost reduction to Rs 3,650 by FY28E versus Rs 4,250 as on Q4 FY25.
(Photo: Vijay Sartape/ Source: NDTV Profit)
Adani's current total cement capacity (Ambuja + ACC + Sanghi + Dahej + Penna + Orient) stands at >100mtpa which will expand to 118mtpa/140mtpa by FY26E/FY28E. The company plans to add 18.6mtpa/11mtpa cement/ clinker in FY26E, while pre-operative work for 21mtpa cement/16mtpa clinker is under progress, ultimately raising cement/clinker capacity to 140mtpa/89mtpa by FY28E.