Ambuja Cements Q4 Results Review - Weak Numbers: IDBI Capital

"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..IDBI Capital Report.Ambuja Cements Ltd. Q4 FY24 Ebitda came lower than estimate by 13%. This is led by decrease in cement prices. Ambuja Cement is expected to increase its capacity by 27% / 11% in FY25E and FY26E and currently the expansion programme is on track. The company is also planning to reduce opex and improve Ebitda by various methods. We retain target price and rating (sell) on Ambuja Cement and prefer ACC (as its profitability is improving). On Ambuja Cement target price retained at Rs 522 we value at 15 times FY26 enterprise value/Ebitda and its ACC stake is valued at 20% discount to current market price. Overall capex intensity to remain high. For FY24, Capex stood at Rs 70 billion, for FY25 expecting capex of Rs 50-60 billion. The capacity expansion plan for 140 mtpa, will be funded by internal accruals and operating cashflows, the targets are set to reach 100 mtpa by FY25, 120 mtpa by FY26 and 140 mtpa by FY28..Click on the attachment to read the full report:.Ambuja Cements Q4 Results Review - Weak Realisation Hurts; Focus Remains On Cost Control: Motilal Oswal.DISCLAIMERThis 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."

Ambuja Cements Q4 Results Review - Weak Numbers: IDBI Capital

Ambuja Cements Q4 Ebitda came lower than estimate by 13%.

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Ambuja Cements Q4 Results Review - Weak Numbers: IDBI Capital

Ambuja Cements Q4 Ebitda came lower than estimate by 13%.

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