Jefferies Cuts Ambuja Cements Target Price to ₹615 Amid Energy Cost Inflation Concerns 18 hrs ago Yesterday
Jefferies maintains Buy rating on Ambuja Cements but cuts target price from ₹735 to ₹615 due to West Asia energy cost inflation of ~₹300/t. The brokerage expects 4-9% EBITDA cuts for FY27-28 with limited pricing pass-through, while Ambuja faces the sharpest estimate reductions due to slower cost turnaround compared to peers.
BofA Maintains Buy Rating on Ambuja Cements Despite Target Price Cut to ₹590
Bank of America maintains its Buy rating on Ambuja Cements but reduces target price to ₹590 from ₹620 due to cost headwinds of ₹200-250/MT from West Asia conflict. The brokerage focuses on price hikes as near-term catalyst while looking beyond Q4 margin pressures.
DAM Capital Upgrades Ambuja Cements to Buy Rating with Rs 500 Target Price
DAM Capital has upgraded Ambuja Cements from Neutral to Buy rating with a target price of Rs 500, reflecting positive sentiment following cement sector upgrades. The upgrade is driven by regional price hikes of Rs 30-50 per bag from April 2026, which are expected to offset cost inflation and support margin recovery across the cement industry.
27Mar 26
Ambuja Cements Records Major Block Trading Activity Worth Rs. 86.72 Crores on NSE
Ambuja Cements recorded major block trading activity on NSE with two transactions worth Rs. 86.72 crores. The trades involved 1,053,587 shares at Rs. 410.70 and 1,057,675 shares at Rs. 410.85, totaling approximately 2.11 million shares. The minimal price variation between transactions suggests coordinated institutional activity in the cement major's stock.
27Mar 26
HSBC Maintains Buy Rating on Ambuja Cements with Target Price of Rs 590
HSBC has maintained its Buy rating on Ambuja Cements with a target price of Rs 590. The brokerage expects capacity additions to peak in FY27, with supply-demand dynamics improving from FY28. Expected April-May price hikes are anticipated to help pass through higher energy costs.
Ambuja Cements: Record Profit, Global Expansion, and Strong Q4 Performance
Ambuja Cements has reported strong financial performance for Q4 and FY23, with annual PAT up 9% to ₹5,158.00 crore and Q4 standalone net profit up 74.51% YoY to ₹928.88 crore. The company reached 100 MTPA capacity, becoming the 9th largest cement company globally. Q4 revenue increased 6% QoQ to ₹9,889.00 crore, with EBITDA at ₹1,867.00 crore and an 18.90% margin. The company aims for 140 MTPA capacity by 2028 and has commissioned 299 MW of renewable energy. A dividend of ₹2.00 per share was declared.
28Apr 25
Ambuja Cements to Announce Q4 Results and Consider Dividend on April 29
Ambuja Cements will release its Q4 and FY25 financial results on April 29. The board meeting will review the results and consider a dividend recommendation. An earnings call is scheduled for 2:00 PM on the same day. The company's trading window is closed until 48 hours after the results declaration.
23Apr 25
Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement
Ambuja Cements Limited has completed the acquisition of a 46.66% stake in Orient Cement Limited (OCL), totaling 9,58,73,163 equity shares. The acquisition was executed through two Share Purchase Agreements. Ambuja Cements has also announced an open offer for up to 26% of OCL's expanded share capital at Rs. 395.40 per share, pending compliance with SEBI regulations.
22Apr 25
Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement
Ambuja Cements has acquired a 46.66% stake in Orient Cement Limited (OCL) through two Share Purchase Agreements. The acquisition involves 9,58,73,163 equity shares of OCL. Ambuja Cements is also proceeding with an open offer to OCL's public shareholders for up to 26% of OCL's expanded share capital at Rs. 395.40 per share. The acquisition was approved by Ambuja Cements' board on October 22, 2024, and completed on April 22, 2025.
03Apr 25
Ambuja Cements Faces ₹287.87 Crore Stamp Duty Challenge in Delhi High Court
The Delhi High Court has issued a notice to Ambuja Cements regarding a stamp duty dispute of ₹287.87 crore. The Delhi stamp duty department is seeking to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties related to the company's merger with Holcim (India) Pvt Ltd. This legal action challenges a previous exemption granted to Ambuja Cement from paying the stamp duty. The next hearing is scheduled for July 17, with potential significant financial implications for the company if the court rules in favor of the stamp duty department.
28Mar 25
Ambuja Cements Announces Major Leadership Overhaul and Merger Plans
Ambuja Cements Limited has announced significant leadership changes and strategic moves. Ajay Kapur is promoted to Managing Director, while Vinod Bahety becomes the new CEO. The company plans to merge with Adani Cementation Limited, potentially increasing production capacity by 2.50 MTPA. New appointments include Rakesh Tiwary as CFO and Praveen Garg as an Independent Director. Senior management sees changes in digital, manufacturing, and sustainability roles.
28Mar 25
Ambuja Cements Announces Sweeping Leadership Changes for Strategic Growth
Ambuja Cements Ltd. has unveiled significant leadership changes effective April 1, 2025. Ajay Kapur is elevated to Managing Director, Vinod Bahety appointed as CEO, Rakesh Tiwary as CFO, and Praveen Garg joins as an Independent Director. Several changes in Senior Management Personnel were also announced, including new appointments for Chief Digital Officer and Head of Manufacturing. These changes aim to drive innovation, operational excellence, and sustainable growth, aligning with Adani Group's objectives.
05Mar 25
Ambuja Cements Secures CCI Approval for Major Stake Acquisition in Orient Cement
Ambuja Cements has secured unconditional approval from the Competition Commission of India to acquire up to 72.8% stake in Orient Cement. The acquisition includes a primary stake of 46.8% and an open offer for an additional 26% at ₹395.40 per share. This strategic move, approved on March 4, 2025, is set to strengthen Ambuja Cements' market position and potentially reshape the Indian cement industry landscape.
04Mar 25
Ambuja Cements Set to Expand with CCI Approval for Orient Cement Stake Acquisition
The Competition Commission of India (CCI) has approved Ambuja Cements' proposed acquisition of up to 72.8% stake in Orient Cement. This strategic move is expected to strengthen Ambuja's market position and potentially lead to operational synergies. Ambuja Cements' strong financial position, with total assets of ₹44,128.8 crore (up 22.91% YoY) and total equity of ₹37,006.5 crore (up 29.82% YoY), supports this acquisition. The deal is likely to contribute to market consolidation, intensify competition, and may reshape regional presence in the Indian cement industry.