Adani Group Stock Falls 4.43% In 1-Month, PL Recommends Accumulate; TP 701

Large cap Adani Group company Ambuja Cements Ltd shares declined 2.32% in trade today on BSE. Current market price of Ambuja Cements share on BSE is Rs 663.95 per share. The Adani-owned company on July 31 declared a decline of 11% in its standalone net profit for Q1FY25 at Rs 571 crore as against the net profit of Rs 645 crore in the corresponding quarter of last year.

Ambuja Cements Ltd shares witnessed surge of 24% year-to-date and soared 44% in last 1-year. Its market capitalisation stood at Rs 1,63,539.08 crore. More details about Ambuja Cements given below:

Ambuja Cements Q1: It announced its revenue from operations at Rs 4,515.79 crore, down 4.5% as compared to Rs 4.729.71 crore in the corresponding quarter of last year. Its EBITDAfell 32% to Rs 646.3 crore and operating margin slipped 14.3% for Q1FY25 from 20% in Q1Fy24.

Ambuja Cements Share Performance: The 52-week high price of Ambuja Cements shares on BSE is Rs 706.85 per share (as on 02/07/2024) and 52-week low price is Rs 404.00 per share (as on 01/11/2023), respectively. Ambuja Cements shares gained 77% in last 2-years, soared 62% in last 3-years, and rose 237% in last 5-years.

Ambuja Cements Dividend History: Ambuja Cements announced 43 dividends since August 30, 2000. In last 1-year, Ambuja Cements announced an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 663.95, Ambuja Cements offers a dividend yield of 0.30%.

PL Recommends Accumulate Call: According to brokerage house, "stock trades at EV of 17.5x/13.7x FY25E/26E EBITDA. Maintain Accumulate with TP of 701." Consolidated volumes grew just 2.6% YoY to 15.8mt (lower than PLe of 16.1mt) aided by 3.7mt MSA & Sanghi volumes during the quarter. Consolidated EBITDA de-grew 23% YoY to Rs 12.8bn (-25% QoQ) due to muted volumes and lower NSR, added the analyst.

About: Ambuja Cements Limited, is one of India's leading cement companies and a member of the diversified Adani Group - the largest and fastest growing portfolio of diversified sustainable businesses. Ambuja has provided hassle-free, home-building solutions with its unique sustainable development projects and environment-friendly practices since it started operations. Ambuja Cements' innovative products not only fulfil important customer needs but also help in significantly reducing their carbon footprints, according to its official website.