Ambuja Cements share price
NSE: AMBUJACEMBSE: 500425Cement & Cement ProductsLarge Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹354.70.
30 Oct: open ₹351.30, high ₹358.20, low ₹348.05
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹86,484 Cr90th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.45
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.57%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 2.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 36,49,37741.3% delivered
About Ambuja Cements
Ambuja Cements Limited makes and sells cement and ready-mix concrete in India.12 Its customers include individual home builders, developers, institutional buyers, masons and contractors.3 It sells cement under the Ambuja and ACC brands and is part of the Adani Group.45
The group reports 2 segments: cement, and ready-mix concrete, which is concrete made in a batch plant to a set mix design.6 It sells through more than 1,25,000 channel partners (dealers, retailers and other resellers) and is present in 31 states and union territories.2
It was incorporated in 1981.7 On 15 Sep 2022, an Adani family entity bought Holderind Investments Limited, then the company's holding company, from the Holcim Group.8 Since then the group has added 32.90 million tonnes a year of cement capacity, including capacity under construction, through acquisitions worth ₹24,896 crore, among them Orient Cement, Penna Cement Industries and Sanghi Industries.9
The Adani family, its promoter, held 67.29% of the company on 30 Jun 2026, and the company holds 50.05% of ACC Limited and 72.66% of Orient Cement Limited.10 Gautam S. Adani is its non-executive chairperson, and Vinod Bahety has been its whole-time director and chief executive since 1 Apr 2025.11
Ambuja Cements key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹9,500 crore and operating EBITDA (earnings before interest, tax, depreciation and amortisation) ₹1,589 crore, a margin of 16.7%, on sales of 17.1 million tonnes.12
- Reported profit after tax for the quarter was ₹660 crore, against ₹1,041 crore a year earlier; normalised profit, the company's measure that excludes one-off items, was ₹595 crore against ₹1,011 crore.13
- In the year to Mar 2026, consolidated revenue from operations was ₹40,656 crore and reported profit after tax ₹5,637 crore, against ₹35,336 crore and ₹5,294 crore a year earlier.1415
- Ambuja Cements' consolidated profit for the year to Mar 2026 includes a one-time benefit of about ₹1,365 crore, mainly tax provision reversals after the Sanghi and Penna mergers.16
Business segments
- Revenue from operations by segment, consolidated, including sales between segments17
Item year to Mar 2026 year to Mar 2025 Cement ₹38,690.51 crore ₹33,935.68 crore Ready-mix concrete ₹1,965.17 crore ₹1,400.76 crore
Sales mix
- Sales volume mix1819The company said volumes moderated in the quarter to Jun 2026 as it focused on trade mix, cut low-margin volumes and pushed blended cement.
Item quarter to Jun 2026 quarter to Jun 2025 Trade sales (through dealers and retailers), share of overall sales 78% 74% Premium cement (higher-priced products), share of trade sales 34% 33% Blended cement (part of the clinker replaced by fly ash or slag) 85% 80%
Plants and capacity
- Cement capacity was 109 million tonnes a year (MTPA) on 30 Jun 2026 and clinker capacity 69 MTPA at the end of Mar 2026; capacity utilisation (the share of capacity used) was about 65% in the quarter to Jun 2026.202122
- The group runs 24 integrated units (plants that make clinker, the kiln-fired base of cement, and grind it), 22 grinding units (plants that grind clinker into cement) and 119 ready-mix concrete plants.23
- Its renewable power capacity was 973 megawatts (MW) and its waste heat recovery capacity (power from kiln exhaust heat) 228 MW; green power was 34% of power consumed in the quarter to Jun 2026.2425
Expansion and capital spending
- On its earnings call of 28 Jul 2026, the company said it expects cement capacity to reach 119 MTPA by the end of the year to Mar 2027, with 10.2 MTPA being added.2627
- On its earnings call of 28 Jul 2026, the company said capital spending for the year is close to ₹6,500 crore, of which about ₹1,500 crore to ₹1,600 crore had been spent by Jun 2026.2829
- The company said in later years it expects to add 8 million to 10 million tonnes of cement capacity a year, all through its own projects.30
What the company expects
- On its earnings call of 28 Jul 2026, the company said it expects net operating cost, its own per-tonne cost measure, of ₹4,250 in the year to Mar 2027, after ₹4,241 in the quarter to Jun 2026, and ₹4,000 or below by Mar 2028.3132
- On its earnings call of 28 Jul 2026, the company said it targets 8% growth in trade volumes in the year to Mar 2027, with trade sales above 75% of its overall sales.3334
- On its earnings call of 28 Jul 2026, the company said it plans to raise its green power share to 60% by Mar 2028, with waste heat recovery capacity rising to about 376 MW.3536
Recent events
- In filings of 10 Aug 2026 and 30 Sep 2026, the company said it commissioned a 1.2 MTPA expansion at Dahej, ACC's 2.4 MTPA Salai Banwa grinding unit and 1.00 MTPA at Kalamboli, taking consolidated cement capacity to 113.45 MTPA.3738
- On 29 Jul 2026, the National Company Law Tribunal ordered a shareholders' meeting on 29 Sep 2026 to vote on merging ACC Limited into the company; the company's documents give no outcome.39
- Penna Cement Industries merged into the company on 10 Apr 2026, after Sanghi Industries on 12 Mar 2026.4041
- On 22 Dec 2025, the board approved merging ACC Limited and Orient Cement Limited into the company, their other shareholders to receive 328 company shares for every 100 ACC shares and 33 for every 100 Orient shares.42
Litigation and regulatory matters
- In Dec 2020, the Competition Commission of India began investigating alleged anti-competitive conduct by cement companies, including it and ACC; as of 30 May 2026, the matter was pending for hearing, and the company says it complied with competition laws.43
- As of 30 May 2026, the Revisionary Authority had set aside Karnataka's ₹492 crore additional royalty demand on ACC's Wadi limestone lease and sent it back to the State, which is challenging that order in the Karnataka High Court.44
- ACC is challenging a ₹482 crore demand for alleged illegal mining on the same lease, pending before the Karnataka High Court as of 30 May 2026.45
Last updated
All 45 sources, each with its page
- 1. Annual report, 30 May 2026, page 308
- 2. Investor presentation, 28 Jul 2026, page 9
- 3. Annual report, 30 May 2026, page 105
- 4. Earnings call, 28 Jul 2026, page 6
- 5. Annual report, 30 May 2026, page 27
- 6. Annual report, 30 May 2026, page 373
- 7. Annual report, 30 May 2026, page 1
- 8. Annual report, 30 May 2026, page 336
- 9. Annual report, 30 May 2026, page 46
- 10. Investor presentation, 28 Jul 2026, page 5
- 11. Annual report, 30 May 2026, page 159
- 12. Investor presentation, 28 Jul 2026, page 36
- 13. Investor presentation, 28 Jul 2026, page 24
- 14. Investor presentation, 28 Jul 2026, page 36
- 15. Investor presentation, 28 Jul 2026, page 37
- 16. Investor presentation, 28 Jul 2026, page 37
- 17. Annual report, 30 May 2026, page 373
- 18. Investor presentation, 28 Jul 2026, page 18
- 19. Earnings call, 28 Jul 2026, page 4
- 20. Investor presentation, 28 Jul 2026, page 16
- 21. Annual report, 30 May 2026, page 137
- 22. Earnings call, 28 Jul 2026, page 13
- 23. Investor presentation, 28 Jul 2026, page 9
- 24. Earnings call, 28 Jul 2026, page 4
- 25. Earnings call, 28 Jul 2026, page 8
- 26. Earnings call, 28 Jul 2026, page 6
- 27. Earnings call, 28 Jul 2026, page 5
- 28. Earnings call, 28 Jul 2026, page 10
- 29. Earnings call, 28 Jul 2026, page 12
- 30. Earnings call, 28 Jul 2026, page 14
- 31. Earnings call, 28 Jul 2026, page 4
- 32. Earnings call, 28 Jul 2026, page 23
- 33. Earnings call, 28 Jul 2026, page 6
- 34. Earnings call, 28 Jul 2026, page 12
- 35. Earnings call, 28 Jul 2026, page 8
- 36. Earnings call, 28 Jul 2026, page 14
- 37. Exchange filing, 30 Sep 2026, page 1
- 38. Exchange filing, 10 Aug 2026, page 1
- 39. Exchange filing, 29 Jul 2026, page 1
- 40. Exchange filing, 10 Apr 2026, page 1
- 41. Annual report, 30 May 2026, page 149
- 42. Annual report, 30 May 2026, page 295
- 43. Annual report, 30 May 2026, page 388
- 44. Annual report, 30 May 2026, page 350
- 45. Annual report, 30 May 2026, page 350
Results
Consolidated; ₹ crore.Ambuja Cements quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +3.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹9,197 Crdown 3.19%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹236 Crdown 64.24%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 2.6%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,329 | 9,889 | 10,289 | 9,174 | 10,277 | 10,915 | 9,500 | 9,197 |
| Net profit | 2,620 | 1,282 | 1,017 | 2,302 | 367 | 1,857 | 660 | 236 |
| Net margin | 28.1% | 13.0% | 9.9% | 25.1% | 3.6% | 17.0% | 6.9% | 2.6% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹40,656 Crup 16.01%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,637 Crup 9.28%
- Net margin
- 13.9%
Revenue by year
Net profit by year, a loss in red
The company moved its year end from December to March: its last year to December on record ended in Dec 2021, its first year to March in Mar 2024. The 15 months to Mar 2023 between them are one changeover period, not a year, and the yearly charts leave it out.
| ₹ crore | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20,344 | 25,282 | 26,041 | 27,104 | 24,516 | 28,965 | – | 33,160 | 35,045 | 40,656 |
| Net profit | 1,121 | 1,945 | 2,973 | 2,783 | 3,107 | 3,711 | – | 4,738 | 5,158 | 5,637 |
| Net margin | 5.5% | 7.7% | 11.4% | 10.3% | 12.7% | 12.8% | – | 14.3% | 14.7% | 13.9% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- CementCement, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹38,898 Crup 15.19%95.2%
- Ready Mix ConcreteReady Mix Concrete, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,965 Crup 40.29%4.8%
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement.Ambuja Cements PE ratio and valuation
At or below today's level on 1% of 1,901 trading days since Jul 2018.
At or below today's level on 38% of 2,448 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −25.0% | +12.6% | −33.8% | 0.5% |
| 3 years | +3.6% | – | – | 0.4% |
| 5 years | +6.2% | – | – | 0.8% |
Mutual fund holdings
226 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 109 of the 120 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 226 funds holding Ambuja Cements
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 73
- CutCut. Funds that held fewer shares than at the end of the month before.
- 47
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 101
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 2,22,93,419 | 2.24% | ₹833.8 Cr | |
| 1,02,52,800 | 1.26% | ₹383.5 Cr | |
| 88,29,600 | 0.44% | ₹330.2 Cr | |
| 85,12,554 | 0.63% | ₹318.4 Cr | |
| 82,89,513 | 0.87% | ₹310.0 Cr | |
| 81,74,656 | 0.30% | ₹305.7 Cr | |
| 80,97,600 | 0.85% | ₹302.9 Cr | |
| 73,66,800 | 0.59% | ₹275.5 Cr | |
| 66,15,810 | 0.31% | ₹247.4 Cr | |
| 61,85,198 | 0.94% | ₹231.3 Cr |
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Ambuja Cements insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 2 pledge filings of unclear kind
Ambuja Cements competitors and peers
Cement & Cement Products, 38 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Ambuja Cements in market cap. 2 companies in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Construction materials companies
Ambuja Cements is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,25,473 | 36.98 | 4.42 | +17.8% | – | 12.1% | 12.7% | 2.17% | |
| 2,02,908 | 35.64 | 1.96 | +20.5% | – | 5.7% | 4.7% | 0.34% | |
| 82,968 | 52.40 | 3.48 | +14.3% | −7.9% | 6.8% | 6.8% | 0.65% | |
| 36,977 | 38.60 | 5.03 | +17.3% | −7.4% | 13.9% | 11.5% | 0.42% | |
| 24,875 | 50.77 | 1.38 | +6.1% | −56.4% | 2.7% | 5.0% | 0.68% | |
| 17,005 | 26.37 | 2.10 | +8.6% | +101.2% | 8.3% | 5.0% | 0.35% | |
| 15,747 | 20.74 | 2.32 | – | – | 11.8% | 7.7% | 0.43% | |
| 11,443 | 27.59 | 1.20 | +10.6% | +52.0% | 4.4% | 6.6% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Ambuja Cements dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 13 Jun 2025 | Final | ₹2.00 |
| 14 Jun 2024 | Final | ₹2.00 |
| 7 Jul 2023 | Final | ₹2.50 |
| 30 Mar 2022 | Final | ₹6.30 |
| 19 Mar 2021 | Final | ₹1.00 |
Latest announcements
Routine notices left out.Ambuja Cements announcements
Oct 2026
29 Oct · Business
29 Oct · Results
Ambuja Cements share price by year
Each calendar year to 2025.Ambuja Cements share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 556.35 | +3.8% | 620.55 | 464.95 |
| 2024 | 535.80 | +2.9% | 695.00 | 484.15 |
| 2023 | 520.90 | −0.6% | 530.95 | 329.90 |
| 2022 | 524.10 | +38.8% | 587.75 | 281.20 |
| 2021 | 377.50 | +51.7% | 441.50 | 243.35 |
| 2020 | 248.85 | +26.8% | 268.05 | 139.35 |
| 2019 | 196.25 | −12.8% | 239.15 | 185.95 |
| 2018 | 225.10 | −17.3% | 277.85 | 190.45 |
| 2017 | 272.05 | +31.9% | 288.80 | 209.40 |
| 2016 | 206.30 | +1.6% | 277.95 | 186.95 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 352.00 | 361.95 | 349.00 | 354.70 | 353.70 | 1,22,93,951 | 40.3% |
| 28 Oct 2026 | 350.55 | 359.95 | 349.00 | 351.20 | 353.42 | 86,15,422 | 47.7% |
| 27 Oct 2026 | 368.05 | 368.50 | 348.80 | 348.80 | 354.34 | 1,07,94,063 | 59.5% |
| 26 Oct 2026 | 356.90 | 373.90 | 349.50 | 368.00 | 362.66 | 39,32,351 | 26.8% |
| 23 Oct 2026 | 363.50 | 363.90 | 352.55 | 358.90 | 359.01 | 25,76,362 | 28.9% |
| 22 Oct 2026 | 357.00 | 371.70 | 346.60 | 363.00 | 363.43 | 55,28,323 | 31.1% |
| 21 Oct 2026 | 361.00 | 362.15 | 353.00 | 359.90 | 357.20 | 12,04,377 | 33.7% |
| 19 Oct 2026 | 361.00 | 365.00 | 356.70 | 361.85 | 361.95 | 15,71,724 | 31.6% |
| 16 Oct 2026 | 351.40 | 367.70 | 350.15 | 360.00 | 360.11 | 34,26,522 | 39.9% |
Company details
- NSE symbol
- AMBUJACEM
- BSE code
- 500425
- ISIN
- INE079A01024
- Industry
- Cement & Cement Products
- Former symbols
- GUJAMBCEM
- Website
- www.ambujacement.com
- CIN
- L26942GJ1981PLC004717
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1981
- Registered office
- Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad 382421, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments