Ambuja Cements Ltd (AMBUJACEM)
₹573.35Key Stats
₹573.35
Day's Price Range
₹573.35
₹274
52-Week Price Range
₹593.5
| Returns | |
| 1 Month Return | 3.47 % |
| 3 Month Return | 32.41 % |
| 1 Year Return | 53.47 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 11
48.49
EPS
Rank 15
₹11.92
BVPS
Rank 12
₹127.68
Dividend Yield
Rank 2
7.23%
ROE
Rank 14
9.79%
Price To Book Ratio
Rank 9
4.53
Debt To Asset
Rank 14
0.22
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Company Information
Ambuja Cements Ltd a part of the global conglomerate LafargeHolcim is among the leading cement companies in India. The company sells cement under the Ambuja brand. Ambuja Cements Ltd ACL was incorporated on 20th October 1981 as Ambuja Cements Pvt. Ltd. The company was established as a joint venture between the public sector Gujarat Industrial Investment Corporation GIIC and Narottam Sekhsaria Associates. In May 19 1983 the company was rehabilitated into a public limited company. Subsequently the company name was changed to Gujarat Ambuja Cements Ltd. Further the name was changed to Ambuja Cements Ltd. Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The company has 6 integrated cement manufacturing plants and 8 strategically cement grinding units and a a network of more than 50000 channel partners. Its current manufacturing installed capacity is 31.45 MTPA. It is the first Indian cement manufacturer having a captive port with three terminals along the countrys western coastline to facilitate timely cost effective and environmentally cleaner shipments of bulk cement to its customer. The company has its own fleet of ships. The company subsidiaries include Dang Cement Industries Private Ltd M.G.T Cements Private Ltd Chemical Limes Mundwa Private Ltd and Dirk India Pvt. Ltd.In the year 1985 the company set up a cement plant in technical collaboration with Krupp Polysius Germany Bakau Wolf and Fuller KCP. During the year 198889 the company commissioned the 12.6 MW dieselgenerating sets. In the year 1991 the company got necessary approvals for setting up another cement plant with 1 million tonne capacity per annum at Himachal Pradesh. The company undertook bulk cement transportation by sea to the major markets of Mumbai Surat and other deficit zones on the West Coast.In the year 1997 the company started commercial production in Kodinar plant with an enhanced capacity. In the year 1998 they set up a 20 million clinker Grinding unit in Sri Lanka. In the year 2000 giants Larsen Tubro LT and Gujarat Ambuja Cements entered a unique agreement to reduce transportation costs in dispatching bulk cement in Gujarat. Also they entered into an annual contract with a Soinhalese firm Mahaveli Marine Cement to supply around 2.5 lakh tonnes of cement.In the year 2002 the company started commercial production at Maratha Cement Works plant. In June 2002 they started commercial production in the new 2million tonne Greenfield cement plant at Chandrapur Maharashtra. In the year 2004 Ambuja Cement Rajasthan was amalgamated with the company.In February 2005 the company set up a cement mill with a capacity of 80 TPH at Darlaghat and commenced commercial production. They commissioned a captive thermal power plant with two 12 MW Steam Turbo Generators STG with two boilers of 45 TPH capacity each at a cost of Rs.94 crore. The first STG was commissioned in February 2005 and the second in May 2005. In July 2005 IndoNippon Special Cements Ltd a subsidiary company was amalgamated with the company. The company set up new clinker capacity at Bhatapara in Chattisgarh and Rauri in Himachal Pradesh each having a capacity of 2.2 million tonnes per annum at a cost of Rs. 1600 crore. In 2006 Global Cement Major Holcim acquired management control of the company.The company commenced commercial production at two new 2.2 million tonne clinker production lines at Bhatapara Chattisgarh and Rauri HP in December 2009 and January 2010 respectively. In February 24 2010 the company inaugurated their cement plant grinding unit at Dadri Uttar Pradesh with the capacity of 1.5 million tonnes. In March 27 2010 they inaugurated their cement plant grinding unit at Nalagarh Himachal Pradesh with the capacity of 1.5 million tonnes. During the year the company commissioned an additional 30 MW captive power unit at Ambujanagar Gujarat. In October 2010 the company signed an agreement with the Rajasthan State Industrial Development and Investment Corporation to set up a 2.2 million tonne clinkerisation unit in Nagaur district. In December 2010 the Dadri Grinding Unit in its very first year of operation received the Integrated Management System IMS Certification including ISO 9001:2008 ISO 14001:2004 and OHSAS 18001:2007 by BSI U.K..In the year 2011 the company started commercial production in a new cement mill at a cost of approx Rs. 185 crore at Bhatapara plant. Also they commissioned a new cement mill of 0.9 million tonne cement grinding capacity at Maratha Cement Works plant at a cost of approx Rs 61 crore. The company commissioned a 7.5 MW Wind Mill project in Kutch Gujarat at a cost of Rs 46 crore. The company increased the installed capacity in Bhatinda grinding unit in Punjab by 0.1 million tonne to reach at 0.6 million tonne. Also they increased the installed capacity in Farraka grinding unit in West Bengal by 0.25 million tonne to reach at 1.25 million tonnes.In June 2011 the company made strategic investments in Dang Cement Industries Pvt. Ltd Nepal and acquired 85 shareholding for Rs 19.13 crore to help further expansion of capacity in the northern region of India and Nepal. In September 2011 they acquired 60 shareholding in Dirk India Pvt Ltd Maharashtra Rs. 16.51 crore. The company entered into a joint venture for speciality cement manufacturing facility in Goa with Counto Microfine Products Pvt Ltd.On 24 July 2013 the Board of Directors of Ambuja Cements approved a proposal to acquire 50.01 stake in ACC. It was decided that Ambuja would first acquire from Holderind Investments Ltd. Mauritius Holcim a 24 stake in Holcim India for a cash consideration of Rs. 3500 crore followed by a merger of Holcim India into Ambuja. On 10th July 2015 Holcim Ltd. Switzerland and Lafarge SA France announced the completion of their global merger to create LafargeHolcim Ltd. LH a world leader in cement and building material industry. LH is present in 90 countries with around 115000 employees. LH is the ultimate holding Company and Ambuja continues to receive allround support from them in various facets of the Companys business and support functions.On 24 May 2016 Ambuja Cement announced the completion of its Rs 338crore expansion project at its Sankrail grinding unit near Kolkata thereby raising the capacity of the unit to 2.4 million tonne per annum from 1.5 million tonne per annum.On 15 November 2016 Ambuja Cements overseas parent company LafargeHolcim announced that its subsidiary Holderind Investments Ltd. has increased its shareholding in Ambuja Cement Ltd. to 63.11 post the acquisition of additional 3.91 crore shares.During the year one nonfunctional subsidiary viz. Kakinada Cements Ltd. was dissolved and the name of the company has been struck off from the Registrar of Companies Gujarat under the easy exit scheme. As reported elsewhere with the effectiveness of the Scheme of Amalgamation with Holcim India Pvt. Ltd. ACC Limited along with its subsidiaries has become the subsidiary of the company with effect from. 12th August 2016.On 29 April 2017 Ambuja Cement announced the launch of a superior composite cement product for better sustainability under the brand Ambuja Compocem.Ambuja Cements Board of Directors at its meeting held on 5 May 2017 approved constitution of a special committee of directors with majority of independent directors to explore the possibility of a merger of Ambuja Cement and ACC.During the year 2018 the company allotted 584417928 equity shares of the face value of Rs.2 each under the Scheme of Amalgamation with Holcim India Pvt. Ltd. HIPL to the shareholders of HIPL. At the same time 150670120 equity shares which were held by HIPL were cancelled as cross holding in terms of the said Scheme. As a result of the allotment of new equity shares and cancellation of cross holding the equity share capital has increased from Rs.3103794842 divided into 1551897421 equity shares of Rs.2 each to Rs.3971290458 divided into 1985645229 equity shares of Rs.2 each. In FY 2018 Company acquired a coal block at Gare Palma sector IV/8 in Chattisgarh at an eauction of coal blocks conducted by the Govt. of India. Open cast mining and commercial production commenced in April October 2018 respectively. The mines developmentcumoperation MDO contract has been finalized and site development activities are at an advanced stage.To ensure adequate availability of dry fly ash for the north cluster the Company has established a fly ash dryer at Ropar at an investment of Rs. 20 crores and it is under stabilization.In FY19 Company launched 14 new products services. These products include 8 types of Ready Mix Concrete RMX and plaster application based products RoofCrete SuperCrete FibreCrete ColumnCrete FoundationCrete FibrePlast Plazto BagCrete 5 decor leakageproofing and tile adhesive application based solution products Ambuja Tilocol VT Ambuja Tilocol MT Ambuja Tilocol ST Ambuja SeelanSeal Ambuja ColorSave Wall Putty and 1 PPC cement product Ambuja Kawach with high strength and water shielding properties.During 2021 Company commissioned its integrated greenfield facility at Marwar in Rajasthan enhancing the annual clinker capacity by 3 MTPA and the cement capacity by 1.8 MTPA. It has finalised on brownfield expansion of 1.5 MTPA cement at the existing plant in Ropar Punjab. It further has embarked on next phase of capacity expansion with a 3.2 MTPA brownfield clinker capacity in Bhatapara and cement grinding units with a total capacity of 7 MTPA in Farakka and Sankrail existing units and Barh new greenfield location. The estimated capex for these projects is Rs. 3500 crore. To secure limestone needs of the Maratha Cement Works plant in Chandrapur Maharashtra it acquired a new mining lease at the Nandgaon Ekodi mine. In FY21 to meet the limestone requirement the Company invested Rs. 77 crores to purchase 50 hectares of land in Darlaghat Ambujanagar Bhatapara. To ensure adequate availability of dry fly ash it is presently setting up fly ash dryers/hot air generators at Ropar and Bathinda Punjab Nalagarh Himachal Pradesh Dadri Uttar Pradesh Roorkee Uttarakhand and Rabriyawas Rajasthan with an estimated investment of Rs. 140 crore. To secure the longterm limestone requirement for the Ambujanagar plant in Gujarat it acquired a new mining lease at Lodhva. To strengthen logistical capability and enhance customer outreach a new railway siding project at Rabriyawas has been commissioned at a total investment of Rs. 210 crore. Clinker and cement despatch by rail have commenced their operations from October 2021.During FY21 Company installed robotic lab for real time quality monitoring and control of cement manufacturing at Marwar and Cross Belt Analyser for real time quality check of input limestone from mines. It implemented Technical Information System TIS for production and lab data information. It made use of moleculebased grinding aid to improve the strength of cement and optimised SO3 across location to improve strength. It made qualitative and quantitative identification of clinker phases for strength optimisation using Xray Defraction Meter XRD. In 2021 it added six new plants for Ambuja Cool Walls manufacturing reaching a total of 18 plants panIndia and started supplying product from four more plants located at Bhatapara Dadri Ropar and Darlaghat.As of 31st December 2021 the company has 6 direct subsidiaries 1 joint venture and 1 joint operation.
| Organisation | Ambuja Cements Ltd |
| Headquarters | Gir Somnath |
| Industry | Cement |
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