Company Valuation: Ambuja Cements

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 594,105 725,654 1,345,637 1,325,037 990,954 1,073,814 - -
Change - 22.14% 85.44% -1.53% -25.21% 8.36% - -
Enterprise Value (EV) 1 594,105 701,271 1,241,938 1,271,201 981,896 1,072,501 1,067,638 1,055,727
Change - 18.04% 77.1% 2.36% -22.76% 9.23% -0.45% -1.12%
P/E 31.3x 28.9x 36.7x 31.7x 21x 40.4x 28.1x 24.5x
PBR - 2.29x 3.25x 2.48x 1.67x 1.67x 1.59x 1.48x
PEG - 0.9x 1.2x 18.22x 1.7x -0.9x 0.6x 1.7x
Capitalization / Revenue 1.92x 1.86x 4.06x 3.78x 2.44x 2.46x 2.22x 2.05x
EV / Revenue 1.92x 1.8x 3.75x 3.63x 2.42x 2.46x 2.21x 2.02x
EV / EBITDA 15.3x 13.7x 19.4x 21.3x 15x 14.9x 11.8x 10.4x
EV / EBIT 22.9x 20.2x 26x 36.4x 33.1x 30.3x 21.2x 17.4x
EV / FCF - -20.1x 73.7x -19.7x -99.9x -215x 96.5x 70.3x
FCF Yield - -4.99% 1.36% -5.07% -1% -0.47% 1.04% 1.42%
Dividend per Share 2 - 2.5 2 2 2 2.106 2.318 2.697
Rate of return - 0.68% 0.33% 0.37% 0.5% 0.49% 0.54% 0.62%
EPS 2 9.56 12.64 16.67 16.96 19.05 10.7 15.4 17.64
Distribution rate - 19.8% 12% 11.8% 10.5% 19.7% 15.1% 15.3%
Net sales 1 309,828 389,370 331,596 350,448 406,557 435,651 482,877 523,259
EBITDA 1 38,820 51,224 63,995 59,706 65,389 71,817 90,476 101,980
EBIT 1 25,896 34,777 47,761 34,923 29,685 35,357 50,359 60,534
Net income 1 19,385 25,834 35,768 41,674 47,282 27,704 39,745 46,352
Net Debt 1 - -24,383 -103,699 -53,837 -9,058 -1,313 -6,176 -18,086
Reference price 2 299.20 365.45 612.30 537.95 400.90 432.15 432.15 432.15
Nbr of stocks (in thousands) 1,985,645 1,985,645 2,197,676 2,463,123 2,471,823 2,484,817 - -
Announcement Date 2/7/23 5/2/23 5/1/24 4/29/25 5/4/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.58x2.47x15.07x0.48% 11.3B
16.22x1.93x9.23x1.62% 64.15B
35.56x3.66x18.76x0.94% 36.5B
30.1x4.75x15.82x0.78% 35.15B
29.19x5.16x15.44x0.64% 32.42B
12.91x1.54x7.1x2.39% 33.22B
18.78x2.49x9.51x1.29% 27.49B
20.4x6.04x13.36x2.08% 21.5B
81.99x4.47x83.93x0.32% 22.06B
12.33x1.29x6.32x0.84% 17.28B
Average 29.81x 3.38x 19.45x 1.14% 30.11B
Weighted average by Cap. 27.26x 3.29x 17.44x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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