Ambuja Cements logo

Ambuja Cements share price

NSE: AMBUJACEMBSE: 500425Cement & Cement ProductsLarge Cap

Ambuja Cements Limited · Formerly Gujarat Ambuja Cement · Face value ₹2 · Listed Feb 1986 on BSE, Feb 1998 on NSE
Last close ₹348.05down ₹6.65 (1.87%)BSE ₹348.50

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

52-week range of traded prices to 30 Oct 2026
₹341.00Low, 8 Oct 2026₹588.75High, 4 Nov 2025
Market cap
₹86,484 Cr90th largest listed
P/E
Earlier quarters restated in the year
P/B
1.45
Dividend yield
0.57%
ROCE
2.7%
Debt to equity
0.00
Volume, NSE
36,49,37741.3% delivered

Ambuja Cements share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−38.7%over a year · Nifty Cement −22.8% · Nifty 500 −8.2%

Results20-session average 39,68,998 shares a day, 42.6% 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
    Itemyear to Mar 2026year 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 mix1819
    Itemquarter to Jun 2026quarter to Jun 2025
    Trade sales (through dealers and retailers), share of overall sales78%74%
    Premium cement (higher-priced products), share of trade sales34%33%
    Blended cement (part of the clinker replaced by fly ash or slag)85%80%
    The company said volumes moderated in the quarter to Jun 2026 as it focused on trade mix, cut low-margin volumes and pushed blended cement.

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. 1. Annual report, 30 May 2026, page 308
  2. 2. Investor presentation, 28 Jul 2026, page 9
  3. 3. Annual report, 30 May 2026, page 105
  4. 4. Earnings call, 28 Jul 2026, page 6
  5. 5. Annual report, 30 May 2026, page 27
  6. 6. Annual report, 30 May 2026, page 373
  7. 7. Annual report, 30 May 2026, page 1
  8. 8. Annual report, 30 May 2026, page 336
  9. 9. Annual report, 30 May 2026, page 46
  10. 10. Investor presentation, 28 Jul 2026, page 5
  11. 11. Annual report, 30 May 2026, page 159
  12. 12. Investor presentation, 28 Jul 2026, page 36
  13. 13. Investor presentation, 28 Jul 2026, page 24
  14. 14. Investor presentation, 28 Jul 2026, page 36
  15. 15. Investor presentation, 28 Jul 2026, page 37
  16. 16. Investor presentation, 28 Jul 2026, page 37
  17. 17. Annual report, 30 May 2026, page 373
  18. 18. Investor presentation, 28 Jul 2026, page 18
  19. 19. Earnings call, 28 Jul 2026, page 4
  20. 20. Investor presentation, 28 Jul 2026, page 16
  21. 21. Annual report, 30 May 2026, page 137
  22. 22. Earnings call, 28 Jul 2026, page 13
  23. 23. Investor presentation, 28 Jul 2026, page 9
  24. 24. Earnings call, 28 Jul 2026, page 4
  25. 25. Earnings call, 28 Jul 2026, page 8
  26. 26. Earnings call, 28 Jul 2026, page 6
  27. 27. Earnings call, 28 Jul 2026, page 5
  28. 28. Earnings call, 28 Jul 2026, page 10
  29. 29. Earnings call, 28 Jul 2026, page 12
  30. 30. Earnings call, 28 Jul 2026, page 14
  31. 31. Earnings call, 28 Jul 2026, page 4
  32. 32. Earnings call, 28 Jul 2026, page 23
  33. 33. Earnings call, 28 Jul 2026, page 6
  34. 34. Earnings call, 28 Jul 2026, page 12
  35. 35. Earnings call, 28 Jul 2026, page 8
  36. 36. Earnings call, 28 Jul 2026, page 14
  37. 37. Exchange filing, 30 Sep 2026, page 1
  38. 38. Exchange filing, 10 Aug 2026, page 1
  39. 39. Exchange filing, 29 Jul 2026, page 1
  40. 40. Exchange filing, 10 Apr 2026, page 1
  41. 41. Annual report, 30 May 2026, page 149
  42. 42. Annual report, 30 May 2026, page 295
  43. 43. Annual report, 30 May 2026, page 388
  44. 44. Annual report, 30 May 2026, page 350
  45. 45. Annual report, 30 May 2026, page 350

Results

Consolidated; ₹ crore.Ambuja Cements quarterly results

Revenue growth, 12 months
+3.1%
Net profit growth, 12 months
–

Quarter to Sep 2026, against the quarter before

Revenue
₹9,197 Crdown 3.19%
Net profit
₹236 Crdown 64.24%
Net margin
2.6%

Revenue by quarter

₹9,329 CrDec 24₹9,889 CrMar 25₹10,289 CrJun 25₹9,174 CrSep 25₹10,277 CrDec 25₹10,915 CrMar 26₹9,500 CrJun 26₹9,197 CrSep 26
Peak revenue ₹10,915 Cr, quarter to Mar 2026; lowest ₹9,174 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹2,620 CrDec 24₹1,282 CrMar 25₹1,017 CrJun 25₹2,302 CrSep 25₹367 CrDec 25₹1,857 CrMar 26₹660 CrJun 26₹236 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue9,3299,88910,2899,17410,27710,9159,5009,197
Net profit2,6201,2821,0172,3023671,857660236
Net margin28.1%13.0%9.9%25.1%3.6%17.0%6.9%2.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Cement₹38,898 Crup 15.19%95.2%
  • Ready Mix Concrete₹1,965 Crup 40.29%4.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to book

At or below today's level on 1% of 1,901 trading days since Jul 2018.

LowestHighest
Its median2.47Industry median1.42
Dividend yield

At or below today's level on 38% of 2,448 trading days over the last 10 years.

LowestHighest
Its median0.76%Industry median0.69%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−25.0%+12.6%−33.8%0.5%
3 years+3.6%––0.4%
5 years+6.2%––0.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Shareholding

Per cent of all the company's shares, counting those held against depositary receipts traded abroad, from the filing for Sep 2026.Ambuja Cements shareholding pattern

Shareholding by group

  • Promoters67.29%
  • Foreign institutions5.66%
  • Indian institutions19.34%
  • Individuals and others7.65%
  • Depositary receipts0.06%
Holder
HOLDERIND INVESTMENTS LTDPromoter47.70%
HARMONIA TRADE AND INVESTMENT LTDPromoter19.22%
LICI ULIP-GROWTH FUNDInsurance companies7.28%
NPS TRUST A/C - SBI PF NPS JEEVAN SWARNA RETIREMENT YOJANA-LIFE'S GOLDEN PLAN TIER IProvident and pension funds1.85%
ADANI ENTERPRISES LIMITEDPromoter0.35%
ENDEAVOUR TRADE AND INVESTMENT LIMITEDPromoter0.03%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.03 pts, Indian institutions −0.30 pts, mutual funds −0.20 pts.

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 time
1
Added
73
Cut
47
Held unchanged
101
Sold out
4
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
UltraTech Cement logoUltraTech CementULTRACEMCO3,25,47336.984.42+17.8%–12.1%12.7%2.17%
Grasim Industries logoGrasim IndustriesGRASIM2,02,90835.641.96+20.5%–5.7%4.7%0.34%
Shree Cement logoShree CementSHREECEM82,96852.403.48+14.3%−7.9%6.8%6.8%0.65%
JK Cement logoJK CementJKCEMENT36,97738.605.03+17.3%−7.4%13.9%11.5%0.42%
Dalmia Bharat logoDalmia BharatDALBHARAT24,87550.771.38+6.1%−56.4%2.7%5.0%0.68%
The Ramco Cements logoThe Ramco CementsRAMCOCEM17,00526.372.10+8.6%+101.2%8.3%5.0%0.35%
JSW Cement logoJSW CementJSWCEMENT15,74720.742.32––11.8%7.7%0.43%
Nuvoco Vistas Corporation logoNuvoco Vistas CorporationNUVOCO11,44327.591.20+10.6%+52.0%4.4%6.6%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

2.8Dec 163.6Dec 171.5Dec 181.5Dec 1920Dec 206.3Dec 212.5Mar 2315 mo2Mar 242Mar 252Mar 26
Highest ₹19.50 a share, year to Dec 2020.
Ex-dateTypePer share
12 Jun 2026Final₹2.00
13 Jun 2025Final₹2.00
14 Jun 2024Final₹2.00
7 Jul 2023Final₹2.50
30 Mar 2022Final₹6.30
19 Mar 2021Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Ambuja Cements announcements

Ambuja Cements share price by year

Each calendar year to 2025.Ambuja Cements share price history

YearClose at year endChangeHighest closeLowest close
2025556.35+3.8%620.55464.95
2024535.80+2.9%695.00484.15
2023520.90−0.6%530.95329.90
2022524.10+38.8%587.75281.20
2021377.50+51.7%441.50243.35
2020248.85+26.8%268.05139.35
2019196.25−12.8%239.15185.95
2018225.10−17.3%277.85190.45
2017272.05+31.9%288.80209.40
2016206.30+1.6%277.95186.95
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026352.00361.95349.00354.70353.701,22,93,95140.3%
28 Oct 2026350.55359.95349.00351.20353.4286,15,42247.7%
27 Oct 2026368.05368.50348.80348.80354.341,07,94,06359.5%
26 Oct 2026356.90373.90349.50368.00362.6639,32,35126.8%
23 Oct 2026363.50363.90352.55358.90359.0125,76,36228.9%
22 Oct 2026357.00371.70346.60363.00363.4355,28,32331.1%
21 Oct 2026361.00362.15353.00359.90357.2012,04,37733.7%
19 Oct 2026361.00365.00356.70361.85361.9515,71,72431.6%
16 Oct 2026351.40367.70350.15360.00360.1134,26,52239.9%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Gautam S. Adani
At the end of the quarter to Sep 2026
Chief executive
Vinod Bahety
At the end of the quarter to Sep 2026
NSE symbol
AMBUJACEM
BSE code
500425
ISIN
INE079A01024
Industry
Cement & Cement Products
Former symbols
GUJAMBCEM
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