Ambuja Cements shares up 0.1% as Nifty gains

NEW DELHI: Shares of Ambuja Cements Ltd. traded 0.1 per cent up in Wednesday's trade at 12:30PM (IST). Around 44,545 shares changed hands on the counter.

The scrip opened at Rs 516.65 and touched an intraday high and low of Rs 519.5 and Rs 513.0, respectively, in the session so far. The stock of Ambuja Cements Ltd. quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 274.0.

As per BSE, the total market cap of the Ambuja Cements Ltd. stood at Rs 102767.07 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 7244.78 crore for the quarter ended 30-Sep-2022, down 11.28 per cent from previous quarter's Rs 8165.85 crore and down 7.48 per cent from the year-ago quarter's Rs 6740.57 crore.

The net profit for latest quarter stood at Rs 93.18 crore, down 86.01 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 7.04 per cent stake in the firm, while foreign institutional investors held 12.81 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 57.26 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.