Latest news with #AmbujaCements
Time of India
19-05-2025
- Business
- Time of India
Large cement makers report volume growth in Q4 2025
NEW DELHI: Large cement companies have reported a volume growth in the March 2025 quarter and expect enhanced performance in FY26 on better sales realisation and stable demand. Leading listed cement firms like UltraTech, Ambuja Cements , ACC , Shree Cements , and Dalmia Bharat have retained around 7 to 7.5 per cent growth for the cement industry in FY26, following government spending on infrastructure projects and rural recovery. However, they are cautious about the geopolitical tensions and changing trade landscape. In the March quarter, cement makers reported gains in volumes, ranging from 3.5 to 10 per cent and an enhanced capacity utilisation on a year-on-year basis. However, their topline numbers continue to face challenges on account of lower year-on-year sales realisation, though input costs for coal, petcoke and diesel were significantly cheaper. The all-India average cement price was around Rs 350 per 50 kg bag in March 2025. Overall, in FY25, cement prices declined by 7 per cent year-on-year to Rs 340/bag. In FY24, the average prices stood at Rs 365/bag against Rs 375/bag in FY23, according to an Icra report. The rating agency expects an improvement in operating margins for the cement companies in FY26, helped by tailwinds, as a marginal hike in cement prices and stable input costs. The cement industry, which is witnessing consolidation where two large makers are snapping the small companies in the quest for inorganic growth, saw a lower sales realisation due to falling prices. In Q4, UltraTech's consolidated sales volumes reached 41.02 Million Tonnes (MT), and for the entire fiscal 2024-25, it achieved the highest sales volumes of 135.83 million metric tonnes for the year, helped by acquisitions and ongoing expansions. Q4 FY25 and April saw some improvement in prices, said the top management of the Aditya Birla group flagship firm in a post-earnings call. "We believe that this quarter, cement demand overall for the country would have grown around 4 per cent. And in that backdrop, UltraTech has done close to 10 per cent volume growth," its CFO Atul Daga said. Similarly, Ambuja Cements, the second-largest cement manufacturer of the country, reported a consolidated sales of 18.7 million tonnes in the March quarter, which was the "highest ever volume in a quarter" for the company. In FY25, Ambuja Cements' total consolidated income was Rs 37,649.01 crore. The company, which also owns ACC, Sanghi Industries and Penna Industries, crossed 100 million tonnes per annum (MTPA ) capacity and with more expansions in the pipelines, it aims 118 MTPA by the end of FY26. Bangur family promoted Shree Cement, the third-largest cement group by capacity, though it reported a decline of 14.9 per cent in its consolidated net profit to Rs 575 crore for the March quarter, its revenue rose 2.42 per cent to Rs 5,532.02 crore. In the March quarter, Shree Cements' total sales volume was 9.84 million tonnes (MT), which, according to the company, is the "highest" quarterly volume achieved by it. Shree Cements also reported a higher growth coming from the premium segment and expects this trend to continue in FY26. The company expects the cement industry to achieve 6.5-7.5 per cent demand growth, fuelled by infra projects, rural recovery and real estate momentum in FY26, though external challenges in terms of geopolitical conflicts and trade barriers by key economies will persist. Dalmia Bharat also reported an increase in sales volume by 2.8 per cent to 8.6 MT, though its revenue from operations slipped 5 per cent to Rs 4,091 crore in the March quarter on account of softening prices. South-based India Cements Ltd (ICL), now an Aditya Birla Group firm, has reported a net profit of Rs 14.68 crore after several quarters, though its revenue from operations was down 3.11 per cent to Rs 1197.30 crore. MP Birla Group firm Birla Corporation has reported an increase of 32.7 per cent in its net profit to Rs 256.6 crore for the March quarter, and its revenue was up 6 per cent at Rs 2,814.91 crore. Orient Cement, now owned by Adani Group's Ambuja Cement, has reported a decline of 38.3 per cent in its net profit to Rs 42.07 crore. The revenue of the cement maker, earlier owned by the CK Birla group, declined 7.07 per cent to Rs 825.18 crore in the March quarter. According to UltraTech, in FY25, the cement industry ended with a capacity of about 655 MT, up from 625 MT a year ago.
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Business Standard
18-05-2025
- Business
- Business Standard
Cement majors post Q4 volume growth, expect to continue momentum in FY26
Large cement companies have reported a volume growth in the March 2025 quarter and expect enhanced performance in FY26 on better sales realisation and stable demand. Leading listed cement firms like UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat have retained around 7 to 7.5 per cent growth for the cement industry in FY26, following government spending on infrastructure projects and rural recovery. However, they are cautious about the geopolitical tensions and changing trade landscape. In the March quarter, cement makers reported gains in volumes, ranging from 3.5 to 10 per cent and an enhanced capacity utilisation on a year-on-year basis. However, their topline numbers continue to face challenges on account of lower year-on-year sales realisation, though input costs for coal, petcoke and diesel were significantly cheaper. The all-India average cement price was around Rs 350 per 50 kg bag in March 2025. Overall, in FY25, cement prices declined by 7 per cent year-on-year to Rs 340/bag. In FY24, the average prices stood at Rs 365/bag against Rs 375/bag in FY23, according to an Icra report. The rating agency expects an improvement in operating margins for the cement companies in FY26, helped by tailwinds, as a marginal hike in cement prices and stable input costs. The cement industry, which is witnessing consolidation where two large makers are snapping the small companies in the quest for inorganic growth, saw a lower sales realisation due to falling prices. In Q4, UltraTech's consolidated sales volumes reached 41.02 Million Tonnes (MT), and for the entire fiscal 2024-25, it achieved the highest sales volumes of 135.83 million metric tonnes for the year, helped by acquisitions and ongoing expansions. Q4 FY25 and April saw some improvement in prices, said the top management of the Aditya Birla group flagship firm in a post-earnings call. "We believe that this quarter, cement demand overall for the country would have grown around 4 per cent. And in that backdrop, UltraTech has done close to 10 per cent volume growth," its CFO Atul Daga said. Similarly, Ambuja Cements, the second-largest cement manufacturer of the country, reported a consolidated sales of 18.7 million tonnes in the March quarter, which was the "highest ever volume in a quarter" for the company. In FY25, Ambuja Cements' total consolidated income was Rs 37,649.01 crore. The company, which also owns ACC, Sanghi Industries and Penna Industries, crossed 100 million tonnes per annum (MTPA ) capacity and with more expansions in the pipelines, it aims 118 MTPA by the end of FY26. Bangur family promoted Shree Cement, the third-largest cement group by capacity, though it reported a decline of 14.9 per cent in its consolidated net profit to Rs 575 crore for the March quarter, its revenue rose 2.42 per cent to Rs 5,532.02 crore. In the March quarter, Shree Cements' total sales volume was 9.84 million tonnes (MT), which, according to the company, is the "highest" quarterly volume achieved by it. Shree Cements also reported a higher growth coming from the premium segment and expects this trend to continue in FY26. The company expects the cement industry to achieve 6.5-7.5 per cent demand growth, fuelled by infra projects, rural recovery and real estate momentum in FY26, though external challenges in terms of geopolitical conflicts and trade barriers by key economies will persist. Dalmia Bharat also reported an increase in sales volume by 2.8 per cent to 8.6 MT, though its revenue from operations slipped 5 per cent to Rs 4,091 crore in the March quarter on account of softening prices. South-based India Cements Ltd (ICL), now an Aditya Birla Group firm, has reported a net profit of Rs 14.68 crore after several quarters, though its revenue from operations was down 3.11 per cent to Rs 1197.30 crore. MP Birla Group firm Birla Corporation has reported an increase of 32.7 per cent in its net profit to Rs 256.6 crore for the March quarter, and its revenue was up 6 per cent at Rs 2,814.91 crore. Orient Cement, now owned by Adani Group's Ambuja Cement, has reported a decline of 38.3 per cent in its net profit to Rs 42.07 crore. The revenue of the cement maker, earlier owned by the CK Birla group, declined 7.07 per cent to Rs 825.18 crore in the March quarter. According to UltraTech, in FY25, the cement industry ended with a capacity of about 655 MT, up from 625 MT a year ago.
Economic Times
14-05-2025
- Business
- Economic Times
Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other stocks in April
Exposure was increased in twenty stocks including Ambuja Cements and Axis Bank. The fund reduced its stake in nine stocks, including Fusion Finance. Nippon India Small Cap Fund, the largest small cap fund based on assets managed, made a complete exit from IndusInd Bank, Adani Wilmar and three other stocks in April. Around 2.24 crore shares of Adani Wilmar and around 15 lakh shares of IndusInd Bank were also sold from the portfolio. The other stocks include Affle (India), Dalmia Bharat, Western Carriers India whose 25.87 lakh, 2.73 lakh, and 6.57 lakh shares, respectively. Also Read | Largecap mutual funds gain investor interest, inflows surge by 8% in April The fund added four new stocks in its portfolio which included Affle 3i, AWL Agri Business, Clean Science and Technology, and Kajaria Ceramics. Around 2.24 crore shares of AWL Agri Business, 25.87 lakh shares of Affle 3i, 22.57 lakh shares of Kajaria Ceramics, and 4.37 lakh of Clean Science and Technology were added to the portfolio. Exposure in 20 stocks was increased in April which included Ambuja Cements, Asian Paints, Axis Bank, Can Fin Homes, Dr. Reddy's Laboratories, HUL, Pfizer, Whirlpool of India. It added 32.39 lakh shares of Delhivery India taking the total shares to 53.67 lakh in April against 21.28 lakh in March. The shares of Dr. Reddy's Laboratories were increased by 10 lakh in the portfolio, followed by 10 lakh shares of Axis Bank and only 108 shares of Pfizer were added to the portfolio. Exposure in nine stocks was reduced in the similar time frame. It reduced 12.59 lakh shares of Fusion Finance, followed by 4.91 lakh shares of Paradeep Phosphates. Around 40,000 shares of Gujarat Fluorochemicals were reduced from the portfolio in April. Only 21 shares of Capital Small Finance Bank were reduced from the portfolio in the similar time largest small cap fund made no change in the exposure of 195 stocks in the similar time period which included some stocks such as Zydus Wellness, Voltas, UTI AMC, RITES, RIL, RBL Bank, Raymond Lifestyles, Jindal Saw, Indigo Paints, Hitachi Energy India, HDFC Bank, and Bajaj small cap fund had 228 stocks in its portfolio in April against 229 stocks in March. Launched on September 16, 2010, the scheme had an AUM of Rs 58,028.59 crore as on April 30, current investment philosophy of the fund is that the fund attempts to generate relatively better risk adjusted returns by focusing on the smaller capitalization companies. The fund focuses on identifying good growth businesses with reasonable size, quality management and rational valuation. The investment approach adopts prudent risk management measures like margin of safety and diversification across sectors and stocks with a view to generate relatively better risk adjusted performance over a period of time. Also Read | Parag Parikh Flexi Cap Fund exits ITC Hotels and increases stake in 8 stocks The scheme is managed by Samir Rachh and is benchmarked against Nifty Smallcap 250 TRI. An exit of 1% will be applicable, if redeemed or switched out on or before completion of one year from the date of allotment of units and the exit load will be nil thereafter. The scheme is suitable for investors who are seeking long term capital growth and want investment in equity and equity related securities of small cap companies. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
14-05-2025
- Business
- Mint
Best stock picks for today, 14 May, as recommended by Trade Brains Portal
Today, we recommend two stocks, one from the cement sector and the other from the capital markets sector. We also analyse the market's performance on Tuesday to understand what may lie ahead for the stock indices in the coming days. Ambuja Cements Additionally, with a robust capacity addition of 50% over the last 30 months, while increasing revenues simultaneously, the company reduced 19% of costs through acquisitions and OPEX programs. Further, the company targets to reduce the cost from 19% to 12% by FY28. By leveraging rail, sea, and BCT/GU infrastructure strength & optimizing logistics costs, in FY25, the logistics cost decreased by 5%. Also, the company is focused on digital transformation through GPS, RFID, and real-time tracking. Further, reducing the fossil fuel (coal) rate by 12%. However, currently green power consumption stands at 21% and is targeting to consume 60% of power from green by FY28. Recently, the company commissioned 200 MW of solar and 99 MW of wind power. For FY25, sales surged 73%, and the premium cement segment saw 29% sales in Q4FY25, among the highest in the industry. The company has a 350 million user base in the infra-platform. Currently, the company has 24 integrated units, 22 grinding units, and 11 captive ships. It holds 110,000+ channel partners across India. As of FY25, the company has 65% of the clinker factor, 82% share of blended cement, 10 bulk cement terminals, and 101 ready-mix concrete plants. Read this | Shareholding moves in Q4: Million new investors flocked to these firms Central Depository Services (India) Ltd (CDSL) Why it's recommended: CDSL, a depository services company, holds the majority market share of 79% with over 15 crore active client accounts, whereas NSDL holds more than 3.9 crore active client accounts as of 31 March 2025. CDSL has positioned itself as the backbone of retail stock market participation, reinforcing its leadership in the depository ecosystem. In FY25, CDSL opened approximately 3.73 crore new demat accounts. Consolidated total income grew 32% YoY to ₹1,199 crore compared to ₹907 crore for FY25, while net profit grew by 25% to ₹526 crore from ₹420 crore. Key segment performance highlights of Q4FY25 include annual issuer income up 34% to ₹87 crore YoY, transaction charges down by 36% to ₹49 crore, IPO/CA income down by 4% to ₹25 crore, online data charges income declining to ₹37 crore, and other income growing by 21% to ₹58 crore. CDSL also won the Market Infrastructure of the Year Award for its innovative contribution to modernizing market access and infrastructure, including initiatives like eKYC, eDIS, eAGM, single sign-on, Distributed Ledger Technology (DLT), EASIEST, Electronic Consolidated Account Statement (eCAS), eMargin Pledge, and more. These solutions have enabled shareholders to vote securely, streamline KYC processes, facilitate seamless transactions with the DP, and access electronic grievance redressal. CDSL operates through four key business lines. CDSL Ventures Limited is India's first and largest KYC registration agency, with 8.93 crore records and RTA services for 2,638 companies. CDSL Insurance Repository holds over 18 lakh policies across 17.5 lakh e-Insurance Accounts, partnering with 45 insurers. CDSL Commodity Repository enables electronic commodity ownership and transfer via WDRA and IIBH IFSC, strengthening CDSL's market position and growth potential. Read this | Hero MotoCorp's earnings to remain stable but slowing sales will impact revenue Risk Factors: The company charges tariffs for DPs as well as issuers and registrar, and transfer agents (RTAs), which is their main operational income and is dependent on capital market activities. Any market volatility could challenge the revenue of the business. Furthermore, CDSL relying heavily on technology could pose cybersecurity risks like phishing, malware, ransomware, among others, which should be addressed properly to safeguard the business interests. Market recap: 13 May After a strong single-day rally yesterday, the Indian market cooled down as investors started booking profits. The Nifty 50 opened at 24,864.05 and reached an intraday low of 24,547.5, down by -377.2 points, or 1.5%, and closed at 24,578, fell by -346 points, or 1.4%. The BSE Sensex also fell by -1,387 points, or 1.7%, reaching an intraday low of 81,043, and closed at 81,148, down by -1,282 points, or 1.5%. Whereas, Nifty Smallcap 100 and Nifty Midcap 100 traded in green with gains of up to 1%, signaling heightened volatility. The sectoral indices also showed mixed signals, mirroring the volatility of the broader market. Among the sectoral gainers, Nifty PSU Bank topped with 2% gains, peaking at 6,605.6, which continued its rally since Monday after PSU banks like Union Bank of India and Canara Bank reported stronger results this quarter. Nifty Media peaked at 1,619, gaining around 29 points, or 1.8%, followed by Zee Entertainment's rally of around 5% today after an arbitral tribunal ruled in its favour, dismissing Aditya Birla Finance's claim for a loan dispute, and Nazara Tech, up by 2%, due to the post-acquisition of AFK Gaming Private Limited on 10th May. Nifty Pharma bounced back and was among the sectoral gainers with gains of 486 points, or 2.3%, surging up to 21,589, reacting positively as the executive order of Donald Trump on drug price cuts was not as bad as expected. Also read | Is L&T under-promising on FY26 guidance? In the international markets, the Dow Jones index surged (2.81% or 1,161 points) on 12th May 2025, while Dow Jones futures were trading at 42,467, down by (−26.00 points or -0.061%). This is due to a strong rally on Monday, post announcement of a reduction in reciprocal tariffs with the US & China for 90 days. The Asian markets ended on a mixed note, which is due to the strong gains the index logged in the previous session. This is a reversal, and yesterday's US and China tariff reduction deal brings relief for Asian stocks. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
06-05-2025
- Business
- Economic Times
Buy Ambuja Cements, target price Rs 635: JM Financial
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained the buy call on Ambuja Cements with an unchanged target price of Rs 635. The current market price of Ambuja Cements is Rs 538.45. Time period given by the analyst is a year when Ambuja Cements price can reach the defined Cements' consolidated volume grew by 13% YoY and QoQ to 18.7 mt. Blended realisation (including RMX) declined 1% YoY; however, it increased 3% declined 2% YoY/ increased 86% QoQ to INR 1,001 (+Rs 464/tn sequentially). Total cost/tn declined 1% YoY/ 7% QoQ to Rs 4,299, the managementhas targeted cost/tn of around Rs 3,650/tn by FY28. Cash & cash equivalents declined Rs 58.7 billion YoY while it increased Rs 13.7 billion QoQ to Rs 101 billion as of Mar?25. Volumes of Penna/Sanghi together stand at 1.6mt for 4QFY25. Excluding the same, LFL volume growth for Ambuja was sub-5% Cements' consolidated EBITDA increased 10% YoY/ 2.1x QoQ to Rs 18.7 billion, 10-13% above our and consensus estimates owing to better-than-expected realisation and lower cost/tn. Blended EBITDA/tn declined 2% YoY/ increased by 86% QoQ to Rs 1,001 (JMFe: Rs 890). Consolidated volume grew 13% YoY and QoQ to 18.7mt. The company?s capacity crossed 100 mt in 4Q, and it aims to increase it to 118mt/140mt by FY26/FY28 respectively. Factoring in a better pricing scenario, JM Financial has increased its EBITDA estimates by 3% for FY26, and maintains its estimates for FY27. The brokerage maintains a BUY rating on the stock with unchanged target price of Rs 635/share based on 18x FY27 EV/E. Thwy like the company's dominant market position, pan-India presence, and industry leading volume growth, further supported by a strong balance sheet. Within the group, our preference remains Ambuja>ACC given higher growth held 67.57 per cent stake in the company as of 31-Mar-2025, while FIIs owned 8.6 per cent, DIIs 17.09 per cent.
