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 1,055,923 - -
Change - 22.14% 85.44% -1.53% -25.21% 6.56% - -
Enterprise Value (EV) 1 594,105 701,271 1,241,938 1,271,201 981,896 1,060,712 1,053,973 1,058,605
Change - 18.04% 77.1% 2.36% -22.76% 8.03% -0.64% 0.44%
P/E 31.3x 28.9x 36.7x 31.7x 21x 36.8x 25.8x 19x
PBR - 2.29x 3.25x 2.48x 1.67x 1.67x 1.57x 1.42x
PEG - 0.9x 1.2x 18.22x 1.7x -0.9x 0.6x 0.5x
Capitalization / Revenue 1.92x 1.86x 4.06x 3.78x 2.44x 2.32x 2.09x 1.91x
EV / Revenue 1.92x 1.8x 3.75x 3.63x 2.42x 2.34x 2.09x 1.91x
EV / EBITDA 15.3x 13.7x 19.4x 21.3x 15x 14.4x 11.2x 9.63x
EV / EBIT 22.9x 20.2x 26x 36.4x 33.1x 28.6x 19.6x 15.8x
EV / FCF - -20.1x 73.7x -19.7x -99.9x -82.1x 167x 54.5x
FCF Yield - -4.99% 1.36% -5.07% -1% -1.22% 0.6% 1.83%
Dividend per Share 2 - 2.5 2 2 2 2.067 2.398 3.271
Rate of return - 0.68% 0.33% 0.37% 0.5% 0.49% 0.56% 0.77%
EPS 2 9.56 12.64 16.67 16.96 19.05 11.54 16.44 22.4
Distribution rate - 19.8% 12% 11.8% 10.5% 17.9% 14.6% 14.6%
Net sales 1 309,828 389,370 331,596 350,448 406,557 454,224 504,807 553,393
EBITDA 1 38,820 51,224 63,995 59,706 65,389 73,680 93,710 109,962
EBIT 1 25,896 34,777 47,761 34,923 29,685 37,135 53,660 66,816
Net income 1 19,385 25,834 35,768 41,674 47,282 28,809 41,882 55,433
Net Debt 1 - -24,383 -103,699 -53,837 -9,058 4,788 -1,950 2,682
Reference price 2 299.20 365.45 612.30 537.95 400.90 424.95 424.95 424.95
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.($)
36.83x2.34x14.4x0.49% 10.96B
16.98x2.01x9.61x1.57% 66.73B
30.79x4.89x16.16x0.75% 36.29B
35.55x3.66x18.76x0.94% 36.19B
13.15x1.57x7.19x2.31% 33.63B
29.57x5.34x15.69x0.62% 33.6B
18.63x2.47x9.45x1.3% 27.27B
21.36x6.27x13.61x2.04% 21.89B
81.59x4.45x83.53x0.32% 21.76B
11.72x1.31x6.45x0.83% 17.54B
Average 29.62x 3.43x 19.48x 1.12% 30.59B
Weighted average by Cap. 27.24x 3.35x 17.39x 1.21%

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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