Ambuja Cements May Rise 30 Per Cent on Growth and Margins

28 Aug 2025 CW Team

Shares of Ambuja Cements, part of the diversified Adani Portfolio, could rise to Rs 745, offering a potential 30 per cent upside from current levels, according to a note issued by Cantor on Monday. The brokerage has maintained an “Overweight” rating on the stock, citing the company’s strong balance sheet, improving operating margins, and clear growth roadmap.

Cantor’s 12-month target price of Rs 745 is based on a blended FY27E EV/EBITDA multiple of 16.5x (equity value of Rs 773) and a discounted cash flow (DCF) valuation of Rs 667, with a 70:30 weighting. The firm noted that the premium valuation is justified given Ambuja’s superior 2x growth rate relative to peers, coupled with its scale as India’s second-largest cement producer.

The report emphasised that Ambuja Cements is well placed to benefit from ongoing infrastructure investment and robust housing demand, which continue to drive cement consumption nationwide. The company’s expansion plans, along with a focus on cost efficiencies, are expected to sustain earnings momentum over the next two years.

Analysts project that input cost softening and improved pricing power will support further gains in operating margins. With new capacity additions in the pipeline, volume growth is also set to accelerate, giving Ambuja a competitive advantage in the market.

The company recently reported strong quarterly results, reflecting higher profitability and healthy cash flows. Cantor noted that Ambuja’s financial strength will allow it to fund expansion without straining its balance sheet, while also maintaining the ability to reward shareholders.

At current market prices, the target of Rs 745 represents a meaningful upside for investors, supported by solid fundamentals and favourable sector tailwinds.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..