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 1,030,951 - -
Change - 22.14% 85.44% -1.53% -25.21% 4.04% - -
Enterprise Value (EV) 1 594,105 701,271 1,241,938 1,271,201 981,896 1,032,443 1,024,775 1,012,864
Change - 18.04% 77.1% 2.36% -22.76% 5.15% -0.74% -1.16%
P/E 31.3x 28.9x 36.7x 31.7x 21x 37.2x 26.3x 23.5x
PBR - 2.29x 3.25x 2.48x 1.67x 1.6x 1.53x 1.42x
PEG - 0.9x 1.2x 18.22x 1.7x -0.9x 0.6x 2x
Capitalization / Revenue 1.92x 1.86x 4.06x 3.78x 2.44x 2.37x 2.14x 1.97x
EV / Revenue 1.92x 1.8x 3.75x 3.63x 2.42x 2.38x 2.13x 1.94x
EV / EBITDA 15.3x 13.7x 19.4x 21.3x 15x 14.4x 11.3x 9.97x
EV / EBIT 22.9x 20.2x 26x 36.4x 33.1x 29.1x 20.4x 16.9x
EV / FCF - -20.1x 73.7x -19.7x -99.9x -262x 90x 67.4x
FCF Yield - -4.99% 1.36% -5.07% -1% -0.38% 1.11% 1.48%
Dividend per Share 2 - 2.5 2 2 2 2.111 2.33 2.738
Rate of return - 0.68% 0.33% 0.37% 0.5% 0.51% 0.56% 0.66%
EPS 2 9.56 12.64 16.67 16.96 19.05 11.15 15.79 17.64
Distribution rate - 19.8% 12% 11.8% 10.5% 18.9% 14.8% 15.5%
Net sales 1 309,828 389,370 331,596 350,448 406,557 434,691 481,729 522,597
EBITDA 1 38,820 51,224 63,995 59,706 65,389 71,777 90,306 101,598
EBIT 1 25,896 34,777 47,761 34,923 29,685 35,422 50,260 60,110
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 1,492 -6,176 -18,086
Reference price 2 299.20 365.45 612.30 537.95 400.90 414.90 414.90 414.90
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.85x2.35x14.25x0.51% 10.67B
34.66x3.58x18.33x0.88% 35.59B
30.03x4.74x15.79x0.78% 35.07B
12.67x1.5x6.94x2.42% 32.8B
30.96x4.98x15.09x0.66% 31.55B
19.09x2.29x9.1x1.14% 24.94B
22.75x6.96x14.52x1.84% 24.44B
75.49x4.7x72.77x0.3% 23.39B
10.99x1.18x5.79x0.94% 15.4B
15.92x1.58x7.5x2.22% 6.58B
Average 28.94x 3.39x 18.01x 1.17% 24.04B
Weighted average by Cap. 29.71x 3.71x 18.65x 1.14%

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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