Ambuja Cements Limited (AMBUJACEM) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.1T

Below-average quality, and screening another 48% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹308.54). The favourable scenario is already priced in.
• Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range ₹270.59 – ₹689.05 · fair‑value band ₹185.27 – ₹308.54 · the ₹436.50 price screens above the ₹227.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Ambuja Cements Limited (AMBUJACEM) currently trades at ₹436.50, while our model-based Fair Value estimate is ₹227.96, implying the stock looks roughly 47.8% overvalued today. We read business quality at 37/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Ambuja Cements Limited generated revenue of ₹407B at a net margin of 11.6%. Revenue grew 7.2% year over year. It earns a return on equity of 8.3%. The balance sheet holds a net cash position of ₹927M. Fundamentals as of Jul 15, 2026

Our scenario range runs from ₹185.27 (bear case) to ₹308.54 (bull case); at ₹436.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -48%, AMBUJACEM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹342.95) versus Dividend Discount (₹34.05). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Ambuja Cements Limited, together with its subsidiaries, manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India. The company operates through Cement and Ready Mix Concrete segments.

Full company description

Ambuja Cements Limited, together with its subsidiaries, manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India. The company operates through Cement and Ready Mix Concrete segments. It offers Adani Ambuja Kawach, a water-repellent cement; Adani Ambuja Plus, a special cement for stronger, denser, and leak-proof concrete; Adani Ambuja cement; Adani Ambuja Compocem, a slag and silicate enriched composite cement; and Adani Ambuja cool walls, a thermally insulated wall solution with heat barrier technology that keeps homes 5°C cooler, as well as Portland pozzolana cement and Ordinary Portland cement. The company was formerly known as Gujarat Ambuja Cements Limited and changed its name to Ambuja Cements Limited in April 2007. Ambuja Cements Limited was incorporated in 1981 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ambuja Cements Limited reported revenue of ₹404B in FY2025 versus ₹285B in FY2021, a compound +9.1%/yr. Reported net income was ₹47.3B in FY2025, compounding +14.2%/yr from FY2021.

AMBUJACEM screens 48% overvalued. Compare with CRH plc →

Peer Group

Building Materials · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Building Materials median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.