Ambuja Cements shares up 0.91% as Nifty gains

The counter opened at Rs 506.55 and touched an intraday high and low of Rs 512.3 and Rs 497.75, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 585.45 and a 52-week low of Rs 274.0.

Total market cap of the Ambuja Cements Ltd. stood at Rs 99709.18 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 8165.85 crore for the quarter ended 30-Jun-2022, up 2.2 per cent from previous quarter’s Rs 7990.34 crore and up 15.73 per cent from the year-ago quarter’s Rs 7055.76 crore.

The net profit for latest quarter stood at Rs 752.0 crore, down 14.22 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2022, domestic institutional investors held 7.05 per cent stake in the company, while foreign institutional investors held 12.82 per cent and the promoters 63.2 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 42.12 and a price-to-book ratio of 2.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Ambuja Cements Ltd. belongs to the Cement – Pan India industry.