Ambuja Cements Limited was listed on the BSE on February 18, 1998. In the last five years, its stock has given a massive return of around 200%. Will Ambuja Cement continue to provide such great returns in the future as well? Let’s explore Ambuja Cement’s growth potential and the Ambuja Cement share price target 2025 to 2050 in this article.
About Ambuja Cement
Ambuja Cements Limited was established in 1983. It is one of the biggest cement companies in India. The company was started by Narotam Sekhsaria and Suresh Neotia with a single plant in Gujarat. In 2022, the Adani Group bought a majority stake in Ambuja Cements. Ambuja Cements runs 6 integrated cement manufacturing plants and 8 cement grinding units as of 2025.
Ambuja Cement Business Model
- Cement Manufacturing Business: Ambuja Cements primarily manufactures and sells cement and clinker. The company operates numerous cement plants and grinding units throughout India, producing high-quality Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) under the “Ambuja Cement” brand.
- Sustainable Construction Solutions: In addition to traditional cement products, Ambuja Cements also focuses on offering value-added and environmentally sustainable solutions such as Ambuja Plus, Ambuja Cool Walls, and other green building materials.
Ambuja Cement Fundamental Analysis
| Stock Name | Ambuja Cements Ltd. |
|---|---|
| NSE Symbol | AMBUJACEM |
| Market Cap | ₹ 1,36,790 Cr. |
| 52W High | ₹ 707 |
| 52W Low | ₹ 453 |
| Stock P/E | 33.0 |
| Book Value | ₹ 217 |
| Dividend Yield | 0.36 % |
| ROCE | 10.5 % |
| ROE | 8.73 % |
| Face Value | ₹ 2.00 |
| Industry PE | 51.1 |
| Price to book value | 2.56 |
| Debt to equity | 0.01 |
| PEG Ratio | 2.26 |
| Quick ratio | 0.99 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 63.22% | 66.74% | 67.57% |
| FIIs | 11.16% | 11.09% | 8.60% |
| DIIs | 14.48% | 14.24% | 17.09% |
| Government | 0.26% | 0.23% | 0.21% |
| Public | 10.87% | 7.69% | 6.51% |
| No. of Shareholders | 7,04,994 | 5,42,773 | 6,44,696 |
Key Factors Driving Ambuja Cement Future Growth
- Government Push for Infrastructure Development: The Government of India has set ambitious targets for infrastructure growth through programs such as the National Infrastructure Pipeline (NIP) and Gati Shakti Master Plan. With a planned infrastructure investment of over ₹100 lakh crore by 2025, the demand for cement will remain robust. As one of India’s leading cement producers, Ambuja Cements is well-positioned to benefit from this infrastructure boom.
- Housing and Real Estate Growth: Increasing disposable income, rising middle-class aspirations, and the government’s housing for all initiative will continue to create steady demand for Ambuja’s products.
- Strong Demand from Rural Markets: Rural development projects such as Bharatmala Pariyojana (highways), PMGSY (rural roads), and irrigation and sanitation projects are key drivers of cement consumption.
- Focus on Sustainability and Green Cement: With increasing focus on low-carbon construction materials, Ambuja is investing in green cement, waste heat recovery systems, and alternative fuels.
- Capacity Expansion and Market Penetration: Ambuja Cements, along with its parent company Adani Group, is undertaking significant capacity expansion. The group aims to double its cement capacity to 140 MTPA by 2028. This aggressive growth strategy will help Ambuja capture a higher market share and meet rising demand across India.
Pros of Ambuja Cement
- Low PE Ratio Compared to Peers: Ambuja Cement’s stock PE ratio is 33.0, which is lower than the industry average of 51.1, making it relatively undervalued and potentially a good investment opportunity.
- Debt Free Company: Ambuja Cement is almost a debt free company with a debt to equity ratio of 0.01, which shows its financial stability.
- Increase in DIIs Holding: Domestic Institutional Investors (DIIs) have increased their holding to 17.09% in March 2025 from 16.41% in December 2024, which indicates growing confidence in the Ambuja Cement future potential by the DIIs.
Cons of Ambuja Cement
- Low Return on Equity (ROE): Ambuja Cement 5-years average ROE is 9.75%, which shows that Ambuja Cement is not using shareholders funds efficiently to generate profits.
- Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding to 8.60% in March 2025 from 9.14% in December 2024, indicating a decline in FII’s confidence in the company’s future growth prospects.
Ambuja Cement Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Equity Capital | 397 | 440 | 493 |
| Reserves | 31,301 | 41,012 | 52,951 |
| Borrowings | 523 | 699 | 788 |
| Other Liabilities | 19,501 | 22,916 | 26,709 |
| Total Liabilities | 51,721 | 65,067 | 80,941 |
| Fixed Assets | 23,551 | 32,194 | 42,578 |
| CWIP | 2,526 | 2,658 | 9,886 |
| Investments | 214 | 849 | 1,912 |
| Other Assets | 25,430 | 29,365 | 26,566 |
| Total Assets | 51,721 | 65,067 | 80,941 |
By the end of 2025, the Ambuja Cement share price is expected to be around ₹690 in normal conditions. In a bear market, it might be ₹500, and in a bull market, it may go up to ₹850.
| Ambuja Cement Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 500 |
| Normal Market | 690 |
| Bull Market | 850 |
In 2026, the Ambuja Cement share price is expected to be around ₹850 in a normal situation. In a bear market, it might be ₹550, and in a bull market, it may cross ₹1100.
| Ambuja Cement Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 550 |
| Normal Market | 850 |
| Bull Market | 1100 |
According to our analysis, the Ambuja Cement share price is expected to be around ₹1000 in 2027. In a bear market, it might be ₹600, and in a bull market, it may cross ₹1450.
| Ambuja Cement Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 600 |
| Normal Market | 1000 |
| Bull Market | 1450 |
According to our analysis, the Ambuja Cement share price may trade near ₹1200 by 2028; bearish conditions could pull it down to ₹650, while a strong bull run might lift it to ₹1900.
| Ambuja Cement Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 650 |
| Normal Market | 1200 |
| Bull Market | 1900 |
Under normal conditions, the Ambuja Cement share price might hit ₹1450 by 2029. A bearish trend could lower it to ₹750, whereas a bullish surge could raise it to ₹2450.
| Ambuja Cement Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 750 |
| Normal Market | 1450 |
| Bull Market | 2450 |
In a normal situation, the Ambuja Cement share price is projected to be approximately ₹1700 in 2030. In a bear market, the value may be as low as ₹800, while in a bull market, it may rise to ₹3200.
| Ambuja Cement Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 800 |
| Normal Market | 1700 |
| Bull Market | 3200 |
By 2035, the Ambuja Cement share price is projected to be around ₹3400 under normal conditions. In adverse markets, the price could fall to ₹1200, while favorable conditions might push it up to ₹9600.
| Ambuja Cement Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 1200 |
| Normal Market | 3400 |
| Bull Market | 9600 |
Under normal conditions, the Ambuja Cement share price might hit ₹6800 by 2040. A bearish trend could lower it to ₹1800, whereas a bullish surge could raise it to ₹28,800.
| Ambuja Cement Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 1800 |
| Normal Market | 6800 |
| Bull Market | 28,800 |
In 2050, the Ambuja Cement share price is expected to be around ₹27,000 in a normal situation. In a bear market, it might be ₹5400, and in a bull market, it may go up to ₹1,75,000.
| Ambuja Cement Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 5400 |
| Normal Market | 27,000 |
| Bull Market | 1,75,000 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Also Read: Dixon Technologies Share Price Target 2025 to 2050
