Hold Ambuja Cements, target price Rs 385: Prabhudas Lilladher

Prabhudas Lilladher has hold call on Ambuja Cements with a target price of Rs 385. The current market price of Ambuja Cements is Rs 410.9. Time period given by analyst is one year when the company's price can reach defined target.

Ambuja Cements, incorporated in the year 1981, is a large cap company (having a market cap of Rs 81659.66 crore) operating in cement sector.

It's key products/revenue segments include cement, other operating revenue and scrap for the year ended December 31, 2021.


Financials
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 8165.85 crore, up 2.20 per cent from last quarter total income of Rs 7990.34 crore and up 15.73 per cent from last year same quarter total income of Rs 7055.76 crore. Company has reported net profit after tax of Rs 859.08 crore in latest quarter.

The company’s top management includes Mr.N S Sekhsaria, Mr.Praveen Kumar Molri, Mr.Mahendra Kumar Sharma, Ms.Shikha Sharma, Mr.Ranjit Shahani, Mr.Rajendra P Chitale, Mr.Nasser Munjee, Mr.Christof Hassig, Mr.Ramanathan Muthu, Ms.Then Hwee Tan, Dr.Omkar Goswami, Mr.Shailesh Haribhakti, Mr.Neeraj Akhoury, Mr.Jan Jenisch, Mr.Martin Kreigner. Company has Deloitte Haskins & Sells LLP as its auditors. As on June 30, 2022, the company has a total of 199 crore shares outstanding.

Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2022, while FIIs owned 12.82 per cent, DIIs 14.98 per cent.