# Ambuja Cements share price today (Ambuja Cements Ltd, NSE: AMBUJACEM)

> Ambuja Cements share price today: ₹368.90 at the NSE close on 3 November 2026, down 34.8% in a year. Ambuja Cements (NSE: AMBUJACEM) is worth ₹91,678 crore, trades at a P/E of 30.3 and has closed between ₹348.05 and ₹565.40 over the past 52 weeks. > Ambuja Cements Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. AMBUJACEM · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ambuja-cements-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹368.90 (−34.8% in a year)
- P/E: 30.3× (higher than 55% of the last 11 years)
- Revenue (Sep 2026): ₹9,197 Cr (+0.2% on a year ago)
- Profit (Sep 2026): ₹236 Cr (−89.9% on a year ago)
- Operating margin: 14.0% (−5.0 points on a year ago)
- ROCE: 6%, Mar 2026
- Profit that came in as cash: 85%, last 3 years

The main question: yearly earnings per share moved +9.5% while the share price moved −34.8%. ## What is the Ambuja Cements share price today? Ambuja Cements Ltd's share price was ₹368.90 at the close on 3 November 2026. It has been falling for 48 weeks. That is 15.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹348 and ₹565, and at that close it sat 10% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 48 weeks running. Over the last 11 years the share price moved +84% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 January 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ambuja Cements this quarter? Two changes stood out: indian funds and insurers (DIIs) cut their stake for 3 quarters in a row and operating margin down 5 points on a year earlier. 1. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row From 19.9% to 19.4% of the company by the September 2026 quarter. 2. Operating margin down 5 points on a year earlier 14% in the September 2026 quarter, from 19%. Why: Margins fell because the fuel used in the kilns and the cost of moving cement both jumped. Using more domestic coal and green power helped, but not enough to cover the increase. From the earnings call on 29 Oct 2026. ## What are Ambuja Cements' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Ambuja Cements reported revenue of ₹9,197 crore, up 0.2% from ₹9,175 crore a year earlier, and a profit of ₹236 crore, down 89.9% from ₹2,336 crore. ### Ambuja Cements results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹9,197 crore | ₹9,175 crore | +0.2% |
| Profit | ₹236 crore | ₹2,336 crore | −89.9% |
| Earnings per share | ₹0.78 | ₹7.18 | −89.1% |
| Operating margin | 14.0% | 19.0% | −5.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Ambuja Cements' management discussed these results on a call held on 29 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Ambuja Cements share price history? Ambuja Cements closed at ₹368.90 on 3 November 2026, down 34.8% from ₹565.40 a year earlier (31 October 2025) and down 10.7% over five years. Its highest weekly close since March 2016 was ₹686.40 on 26 July 2024. ### Ambuja Cements share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹358.90 | +2.8% |
| 1 month ago · 1 Oct 2026 | ₹362.25 | +1.8% |
| 6 months ago · 30 Apr 2026 | ₹444.20 | −17.0% |
| 1 year ago · 31 Oct 2025 | ₹565.40 | −34.8% |
| 3 years ago · 3 Nov 2023 | ₹420.90 | −12.4% |
| 5 years ago · 4 Nov 2021 | ₹413.20 | −10.7% |
| 10 years ago · 4 Nov 2016 | ₹240.85 | +53.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹200.70 | +83.8% |
| Highest weekly close since March 2016 · 26 Jul 2024 | ₹686.40 | −46.3% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹141.55 | +160.6% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹565.40 | −34.8% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹348.05 | +6.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Ambuja Cements? 3 Nov 2026: Ambuja Cements closed at ₹368.90, up 2.8% on the week and up 1.8% on the month. 29 Oct 2026: Ambuja Cements held its results call for July to September 2026. Management guided: Cost ₹4,250 per tonne FY27 on track and ₹4,000 per tonne FY28 including new plus existing capacity. ### Earlier

- Results for July to September 2026: Revenue up 0.2% and profit down 89.9% on a year earlier. - 12 Jun 2026: ex-date for a dividend of ₹2 a share. ## What dividend does Ambuja Cements pay? Ambuja Cements paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.54% at the ₹368.90 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 12 June 2026. ### Ambuja Cements dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 12 Jun 2026 | ₹2 | Dividend | same day |
| 13 Jun 2025 | ₹2 | Dividend | same day |
| 14 Jun 2024 | ₹2 | Dividend | same day |
| 7 Jul 2023 | ₹2.50 | Dividend | same day |
| 30 Mar 2022 | ₹6.30 | Dividend | 1 Apr 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Ambuja Cements Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Ambuja Cements management say on the latest results call? On the call for July to September 2026, held on 29 October 2026, Ambuja Cements' management guided: Cost ₹4,250 per tonne FY27 on track and ₹4,000 per tonne FY28 including new plus existing capacity. > “With these numbers and these measures, we are on track to achieve our FY27 cost target of Rs. 4,250 per metric tonne.”
> Vinod Bahety, on the call for July to September 2026

### What management guided

- H2 volume ahead of industry at higher single-digit with push above double-digit. - Capacity 149 MT by FY29 and 155 MT by FY30 net of 2-3 MT old-line review. - Capital spending ₹14,500 crore at about ₹7,500 crore per year, FY ₹6,500-7,000 crore with ₹3,000-3,500 crore in H2 self-sustained without debt. - Exit utilization about 75% by end FY27 on H2 ramp. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/310-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in Ambuja Cements' next results? When Ambuja Cements reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: H2 volume outgrowing industry on trade acceleration plus calibrated institutional - check Q3 print against flagged industry pace. - What to check (from the call)
- H2 volume outgrowing industry on trade acceleration plus calibrated institutional - check Q3 print against flagged industry pace. - Warisaliganj commissioning plus Bhatinda Jodhpur ramp and Maratha clinker readiness - check commissioning intimations and utilization lift. ## Which stock lists is Ambuja Cements on? Ambuja Cements is on 2 of our India lists: 52 week high & low and Small & mid cap stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 124](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Ambuja Cements profitable? Ambuja Cements Ltd earned ₹236 Cr of net profit in the Sep 2026 quarter, −89.9% on the same quarter a year earlier. Full-year Mar 2026 profit was ₹5,637 Cr. Over 11 years profit has grown 19.3% a year on average. That is 2.6% of the quarter's revenue. The same quarter a year earlier earned ₹2,336 Cr. For the full year, Mar 2026 profit was ₹5,637 Cr (+6.5% on the year before). Why profit moved: revenue changed +0.2% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −43.5% and revenue +2.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Ambuja Cements make, and is it growing? Ambuja Cements Ltd reported ₹9,197 Cr of revenue in the Sep 2026 quarter, +0.2% on the same quarter a year earlier. Over 11 years it has grown 14.2% a year on average. The last full year, Mar 2026, came in at ₹40,656 Cr. The last four reported quarters add to ₹39,890 Cr. Mar 2026 revenue was ₹40,656 Cr, +15.1% on the year before. Recent pace: the last four quarters grew +2.8% on average, against 14.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.7%, against +10.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −57.3%, against −9.9% a year (rolling over). ## How much of every ₹100 of sales does Ambuja Cements keep? Ambuja Cements Ltd's operating margin was 14.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 13.0% and 21.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −5.4 percentage points on the year while gross margin changed −2.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Ambuja Cements' profit turning into cash? Over the last 3 years, 85% of Ambuja Cements Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In Mar 2026 it brought in ₹5,362 Cr of operating cash against ₹5,637 Cr of profit. After ₹18,330 Cr of spending on assets, free cash was −₹12,968 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 85% of profit came in as cash: the cash cycle got 95 days longer between FY20 and Mar 2026, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 6.5× depreciation over three years. The next section checks what that spending is building. ## Where does Ambuja Cements' cash go? Ambuja Cements Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 37 days in Mar 2026, up from −58 days in FY20. It spent ₹48,802 Cr on assets over the last 3 years. Customers take 17 days to pay, and stock sits for 246 days on average. At Mar 2026 sales of ₹40,656 Cr, each day of that cycle ties up about ₹111 Cr, so roughly ₹4,121 Cr is tied up in the business at any time. Mar 26: customers took 17 days to pay and stock sat for 246 days, about 8.1 months of sales sitting as stock, for a full cycle of 37 days, longer than FY20's −58. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 246 days. Customers pay about 17 days after that. Suppliers are paid at 227 days. Together that makes the 37-day cycle. Spending on assets: ₹48,802 Cr over the last 3 years, against ₹7,495 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹9,121 Cr (Mar 2026): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ambuja Cements' P/E ratio, and how does it compare with its own history? Ambuja Cements Ltd's P/E is 30.3×, in the middle of its own history: higher than 55% of past readings. Its usual P/E (the middle reading) is 28.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹11.47. Why the multiple is where it is: over the past year earnings per share moved +9.5% while the price moved −34.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −2.2% a year; about −6.2% a year came from earnings growth and about +4.0 percentage points from the multiple (the market paying more); over 10 years the price moved +4.4% a year; about +6.6% a year came from earnings growth and about −2.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 49% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Ambuja Cements business getting better or worse? Ambuja Cements Ltd's business is giving mixed signals. Profit and EPS growth are shrinking while ROCE is still rising at 17.0%, so growth and returns point different ways. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Ambuja Cements earn on its capital? Ambuja Cements Ltd earned a ROCE of 6% in Mar 2026. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 13.9% net margin and 0.45× asset turnover (sales divided by assets). Why the return is what it is (Mar 2026): a 13.9% net margin × 0.45× asset turnover × 1.51× leverage (assets divided by equity) ≈ 9.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 49% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Ambuja Cements have too much debt? Ambuja Cements Ltd had ₹866 Cr of borrowings against ₹59,347 Cr of equity in Mar 2026, so its debt is 0.01× its equity. Its operating profit is 29 times its interest bill. Over 6 years borrowings went from ₹471 Cr to ₹866 Cr. Over the last 3 of those years it spent ₹48,802 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 49% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Ambuja Cements shareholding pattern? Foreign institutions cut their stake in Ambuja Cements Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 5.7% of the company. Domestic institutions moved +2.9 points over the same period, to 19.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.5 points over 8 quarters, to 5.7%; Domestic institutions: +2.9 points over 8 quarters, to 19.4%; Promoters: −0.2 points over 8 quarters, to 67.3%. Why the owners changed: foreign institutions moved −3.5 points and domestic institutions +2.9 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Ambuja Cements from balance-sheet trouble? For Ambuja Cements Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ambuja Cements rank in its industry? 35.7 out of 100, rank 19 of 26 in Cement, with 82% of the evidence available. Ambuja Cements Ltd scores 35.7 out of 100 against the 26 companies it is compared with in Cement, ranking 19. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 6.9 + 10.8 + 11.7 + 6.3 = 35.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ambuja Cements compared with? Ambuja Cements ranks 19 of 26 Cement companies on the 4-Factor Sector Score, with 35.7 out of 100. 1. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [JSW Cement Ltd](https://www.sectoralpha.in/stocks/jsw-cement-ltd) JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. Ambuja Cements Ltd this page AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.9/35 · Revenue 2.7% · Profit -57.3% · Operating margin change -5 points · 95% evidence Capital efficiency 10.8/25 · ROCE 5.6% · Operating margin 14% · 76% evidence Valuation 11.7/20 · P/E 28.6× · PEG n/a · 50% evidence Relative strength 6.3/20 · Lead over its industry -8.3% · Lead over NIFTY 500 -19.8% · 1 year -38.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 6.9 + 10.8 + 11.7 + 6.3 = 35.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. [Shiva Cement Ltd](https://www.sectoralpha.in/stocks/shiva-cement-ltd) SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative
26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to Ambuja Cements in size? Ambuja Cements is the 2nd largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: UltraTech Cement. Just below it: Shree Cement, J K Cements, Dalmia Bharat, ACC and The Ramco Cements. ### Cement companies close in size

1. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ₹3,25,473 crore
2. Ambuja Cements Ltd ₹86,484 crore
3. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) ₹82,968 crore
4. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) ₹36,977 crore
5. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) ₹24,875 crore
6. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ₹21,220 crore
7. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) ₹17,005 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [Manipal Health Enterprises Ltd](https://www.sectoralpha.in/stocks/manipal-health-enterprises-ltd) ₹88,018 crore · Hospitals
2. [Oracle Financial Services Software Ltd](https://www.sectoralpha.in/stocks/oracle-financial-services-software-ltd) ₹87,093 crore · IT Product Companies
3. Ambuja Cements Ltd ₹86,484 crore
4. [IDBI Bank Ltd](https://www.sectoralpha.in/stocks/idbi-bank-ltd) ₹86,363 crore · Banks - PSU
5. [Ashok Leyland Ltd](https://www.sectoralpha.in/stocks/ashok-leyland-ltd) ₹85,065 crore · Auto & Auto Ancl - CV

## What else do people ask about Ambuja Cements? ### What is Ambuja Cements's share price today? Ambuja Cements Ltd's share price is ₹368.90, −34.8% over the past year. The whole company is worth ₹91,678 Cr on the market. In the last 52 weeks it traded between ₹348 to ₹565; today it is 10% of the way up from the low, 15.0% below its 200-day average (as of 3 November 2026). ### What were Ambuja Cements's latest quarterly results? Ambuja Cements Ltd reported revenue of ₹9,197 Cr and net profit of ₹236 Cr for the Sep 2026 quarter. Revenue rose 0.2% and profit fell 89.9% compared with a year earlier. Earnings per share were ₹0.78. The operating margin was 14.0%, 5.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Ambuja Cements's market cap? Ambuja Cements Ltd's market capitalisation is ₹91,678 Cr at a share price of ₹368.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ambuja Cements performing? Ambuja Cements Ltd's share price has been falling for 48 weeks. In its latest quarter, revenue rose 0.2% and profit fell 89.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 48 weeks running (as of 3 November 2026). ### Will Ambuja Cements's share price go up? This page does not forecast Ambuja Cements Ltd's share price. What it shows instead: the share price is ₹368.90, and it has been falling for 48 weeks. Its P/E of 30.3× is higher than 55% of its own last 11 years (as of 3 November 2026). ### Where is Ambuja Cements in its business cycle? Ambuja Cements Ltd's Mar 2026 operating margin was 16.0%, against a 13-year range of 13.0% to 21.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ambuja Cements story? The main question: yearly earnings per share moved +9.5% while the share price moved −34.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ambuja Cements a stock worth studying right now? What the numbers show: Ambuja Cements Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ambuja Cements share price forecast for 2026? What management itself guided: Cost ₹4,250 per tonne FY27 on track and ₹4,000 per tonne FY28 including new plus existing capacity. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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