Financials Ambuja Cements

Equities

AMBUJACEM

INE079A01024

Construction Materials

Delayed Bombay S.E. Other stock markets 03:11:27 21/04/2026 pm IST			5-day change	1st Jan Change
456.70 ^INR	+0.48%		+0.61%	-17.90%

10/04	Ambuja Cements approves allotment of shares to eligible shareholders of Sanghi Industries	RE
01/04	AAHL, Blinkit launch India's first in-terminal quick commerce service at Mumbai airport - statement	RE

Projected Income Statement: Ambuja Cements

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,89,655	3,09,828	3,89,370	3,31,596	3,50,448	4,14,243	4,72,817	5,25,135
Change	-	6.96%	25.67%	-14.84%	5.68%	18.2%	14.14%	11.07%
EBITDA ¹	62,104	38,820	51,224	63,995	59,706	70,945	89,898	1,08,248
Change	-	-37.49%	31.95%	24.93%	-6.7%	18.82%	26.71%	20.41%
EBIT ¹	50,579	25,896	34,777	47,761	34,923	38,936	53,070	69,102
Change	-	-48.8%	34.29%	37.34%	-26.88%	11.49%	36.3%	30.21%
Interest Paid ¹	-1,457	-	-1,949	-2,764	-2,159	-2,661	-3,174	-3,557
Earnings before Tax (EBT) ¹	51,645	27,406	37,295	59,006	59,224	46,596	60,844	74,767
Change	-	-46.93%	36.08%	58.22%	0.37%	-21.32%	30.58%	22.88%
Net income ¹	27,804	19,385	25,834	35,768	41,674	38,567	41,363	51,501
Change	-	-30.28%	33.27%	38.45%	16.51%	-7.46%	7.25%	24.51%
Announcement Date	17/02/22	07/02/23	02/05/23	01/05/24	29/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2023 Q2	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	77,148	69,782	66,471	76,253	79,000	80,329	71,432	71,432	79,660	87,129	74,240	81,288	88,940	83,115	75,161	93,286	98,886	1,02,891	90,154	1,00,031	1,11,769
Change	-	-9.55%	-4.74%	14.72%	3.6%	1.68%	-11.08%	0%	11.52%	9.38%	-14.79%	9.49%	9.41%	-6.55%	-9.57%	24.11%	6%	4.05%	-12.38%	10.96%	11.73%
EBITDA ¹	-	18,274	13,800	11,282	14,303	11,150	-	-	12,390	16,670	13,019	17,321	16,986	12,798	11,114	17,148	18,676	19,611	14,791	16,872	17,469
Change	-	-	-24.48%	-18.24%	26.78%	-22.04%	-	-	-	34.54%	-21.9%	33.04%	-1.93%	-24.66%	-13.16%	54.29%	8.91%	5.01%	-24.58%	14.07%	3.54%
EBIT ¹	-	15,504	11,036	-	11,248	7,960	37.8	-	-	12,952	-	13,144	-	8,158	5,595	10,508	10,812	10,995	6,720	9,069	7,560
Change	-	-	-28.82%	-	-	-29.23%	-99.53%	-	-	-	-	-	-	-	-31.42%	87.82%	2.89%	1.69%	-38.88%	34.94%	-16.63%
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-678.1	-668.5	-669.9	-142.9	-671.4	-627.5	-680.8	-558.8
Earnings before Tax (EBT) ¹	-	15,933	12,012	-	-	-	-	-	-	15,117	13,397	14,379	16,011	11,027	7,127	23,361	17,796	13,326	7,734	10,050	9,501
Change	-	-	-24.61%	-	-	-	-	-	-	-	-11.37%	7.33%	11.35%	-31.13%	-35.37%	227.79%	-23.82%	-25.11%	-41.96%	29.94%	-5.46%
Net income ¹	9,472	8,767	6,658	2,906	6,589	7,520	931.8	-	-	9,056	7,930	8,230	10,552	6,463	4,560	21,153	9,563	7,879	4,522	7,532	4,255
Change	-	-7.44%	-24.06%	-56.35%	126.69%	14.13%	-87.61%	-	-	-	-12.44%	3.79%	28.2%	-38.75%	-29.45%	363.93%	-54.79%	-17.61%	-42.61%	66.58%	-43.51%
Announcement Date	29/04/21	23/07/21	26/10/21	17/02/22	28/04/22	19/07/22	21/10/22	21/10/22	02/05/23	02/08/23	01/11/23	31/01/24	01/05/24	31/07/24	28/10/24	29/01/25	29/04/25	31/07/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2026 S1
Net sales ¹	1,93,738
Change	-0.31%
EBITDA ¹	37,220
Change	-8.02%
EBIT ¹	20,384
Change	6.85%
Charge d'intérêts ¹	-1,440
Earnings before Tax (EBT) ¹	22,334
Change	-3.44%
Net income ¹	26,009
Change	-49.44%
Announcement Date	03/11/25

¹INR in Million

Estimates

Forecast Balance Sheet: Ambuja Cements

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,12,212	-	-24,383	-1,03,699	-53,837	-19,246	6,267	4,698
Change	-	-	-	-325.29%	48.08%	64.25%	132.56%	-25.04%
Announcement Date	17/02/22	07/02/23	02/05/23	01/05/24	29/04/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Ambuja Cements

Fiscal Period: March	2021	2023	2024	2025	2026	2027	2028
CAPEX ¹	23,341	42,318	44,825	86,870	1,15,868	92,268	93,954
Change	-	-	5.92%	93.8%	33.38%	-20.37%	1.83%
Free Cash Flow (FCF) ¹	29,751	-34,969	16,847	-64,497	-69,311	-23,699	-6,701
Change	-	-	148.18%	-482.84%	-7.46%	65.81%	71.73%
Announcement Date	17/02/22	02/05/23	01/05/24	29/04/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Ambuja Cements

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	21.44%	12.53%	13.16%	19.3%	17.04%	17.13%	19.01%	20.61%
EBIT Margin (%)	17.46%	8.36%	8.93%	14.4%	9.97%	9.4%	11.22%	13.16%
EBT Margin (%)	17.83%	8.85%	9.58%	17.79%	16.9%	11.25%	12.87%	14.24%
Net margin (%)	9.6%	6.26%	6.63%	10.79%	11.89%	9.31%	8.75%	9.81%
FCF margin (%)	10.27%	-	-8.98%	5.08%	-18.4%	-16.73%	-5.01%	-1.28%
FCF / Net Income (%)	107%	-	-135.36%	47.1%	-154.76%	-179.71%	-57.3%	-13.01%
Profitability
ROA	6.55%	-	5.33%	6.11%	5.71%	3.63%	3.66%	4.85%
ROE	11.56%	-	9.06%	9.78%	8.78%	5.78%	6.43%	7.41%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	0.07x	0.04x
Debt / Free cash flow	-	-	-	-	-	-	-0.26x	-0.7x
Capital Intensity
CAPEX / Current Assets (%)	8.06%	-	10.87%	13.52%	24.79%	27.97%	19.51%	17.89%
CAPEX / EBITDA (%)	37.58%	-	82.61%	70.04%	145.5%	163.32%	102.64%	86.8%
CAPEX / FCF (%)	78.46%	-	-121.02%	266.07%	-134.69%	-167.17%	-389.33%	-1,402.17%
Items per share
Cash flow per share ¹	26.73	-	-	26.31	9.105	23.53	29.95	34.27
Change	-	-	-	-	-65.4%	158.4%	27.29%	14.42%
Dividend per Share ¹	6.3	-	2.5	2	2	2.19	2.512	2.845
Change	-	-	-	-20%	0%	9.48%	14.73%	13.27%
Book Value Per Share ¹	127.7	-	159.6	188.6	217	233.9	253.6	272.1
Change	-	-	-	18.16%	15.03%	7.78%	8.46%	7.27%
EPS ¹	14	9.56	12.64	16.67	16.96	15.38	15.85	19.97
Change	-	-31.71%	32.22%	31.88%	1.74%	-9.31%	3.05%	26.01%
Nbr of stocks (in thousands)	19,85,645	19,85,645	19,85,645	21,97,676	24,63,123	24,84,817	24,84,817	24,84,817
Announcement Date	17/02/22	07/02/23	02/05/23	01/05/24	29/04/25	-	-	-