External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 107 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26.</li><li>It now targets 155 MTPA by FY28 (earlier 140 MTPA), supported by incremental expansion and debottlenecking initiatives.</li><li>With current utilization at 65%, there remains meaningful upside potential as demand strengthens. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 107 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26.It now targets 155 MTPA by FY28 (earlier 140 MTPA), supported by incremental expansion and debottlenecking initiatives.With current utilization at 65%, there remains meaningful upside potential as demand strengthens. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Ltd - Beat Estimates On Lower Cost; Retain BUY

<ul><li>A. Capacity Expansion to Drive Volume and Revenue Growth: The company is increasing its capacity from 104 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26, with a further target of 140 MTPA by FY28 through additional expansion.</li><li>This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.</li><li>B. EBITDA Margins to Improve to 20-21% in FY27E: Efficiency gains have cut costs by Rs 150 per tonne.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

A. Capacity Expansion to Drive Volume and Revenue Growth: The company is increasing its capacity from 104 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26, with a further target of 140 MTPA by FY28 through additional expansion.This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.B. EBITDA Margins to Improve to 20-21% in FY27E: Efficiency gains have cut costs by Rs 150 per tonne.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Ambuja Cements Ltd - 19th July, 2025

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We interacted with the CEO and leadership team of Ambuja Cements (ACEM) during our Marwar Mundwa plant visit</li><li>The team appeared energized with defined goals such as: (1) capacity expansion and distribution-led market gains and (2) investment-led major opex reduction by FY28E</li><li>ACEM will be adding ~40mn MT capacities and is optimistic of reducing its opex by ~INR 500/MT by FY28E-end</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We interacted with the CEO and leadership team of Ambuja Cements (ACEM) during our Marwar Mundwa plant visitThe team appeared energized with defined goals such as: (1) capacity expansion and distribution-led market gains and (2) investment-led major opex reduction by FY28EACEM will be adding ~40mn MT capacities and is optimistic of reducing its opex by ~INR 500/MT by FY28E-endContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cement: Targets Set, Execution Underway! Maintain ADD

<ul><li>Capacity expansion to drive volume and revenue growth: The company is increasing its capacity from 100 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26.</li><li>It is also targeting 140 MTPA by FY28 through additional expansion.</li><li>This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Capacity expansion to drive volume and revenue growth: The company is increasing its capacity from 100 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26.It is also targeting 140 MTPA by FY28 through additional expansion.This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Limited - Strong Volume Growth; Cost Optimisation Progressing Well

<ul><li>Capacity expansion to drive volume and revenue growth: The company is expanding its capacity from the current 97 MTPA (including 8.5 MTPA of Orient Cement) to 118 MTPA, with the ongoing expansion set to be completed in phases over FY25-FY26.</li><li>Additionally, it is exploring further growth opportunities to achieve a combined capacity of 140 MTPA by FY28.</li><li>This expansion is expected to support the company’s sustained growth momentum. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Capacity expansion to drive volume and revenue growth: The company is expanding its capacity from the current 97 MTPA (including 8.5 MTPA of Orient Cement) to 118 MTPA, with the ongoing expansion set to be completed in phases over FY25-FY26.Additionally, it is exploring further growth opportunities to achieve a combined capacity of 140 MTPA by FY28.This expansion is expected to support the company’s sustained growth momentum. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ambuja Cements Limited - Beat Largely Driven By Higher Incentives & Other Income

India

Ambuja Cements Limited manufactures cement in India. The Company owns specially designed ships and terminals for bulk transportation of its products. Ambuja Cement sells most of its products domestically, but also has a subsidiary that markets the Group's items in Sri Lanka.

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Ambuja Cements (ACEM IN)

Ambuja Cements Ltd - Beat Estimates On Lower Cost; Retain BUY

Capacity Addition to Support Volume and Revenue Growth: The company is expanding capacity from 107 MTPA (including 8.5 MTPA from Orient Cement) to...

Axis Direct

Pick of the Week: Ambuja Cements Ltd - 19th July, 2025

The company is increasing its capacity from 104 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26, with a further target of 140 MTPA...

Axis Direct

Ambuja Cement: Targets Set, Execution Underway! Maintain ADD

The team appeared energized with defined goals such as: (1) capacity expansion and distribution-led market gains and (2) investment-led major opex...

HDFC Securities

Ambuja Cements Limited - Strong Volume Growth; Cost Optimisation Progressing Well

Capacity expansion to drive volume and revenue growth: The company is increasing its capacity from 100 MTPA (including 8.5 MTPA from Orient Cement)...

Axis Direct

Ambuja Cements Limited - Beat Largely Driven By Higher Incentives & Other Income

The company is expanding its capacity from the current 97 MTPA (including 8.5 MTPA of Orient Cement) to 118 MTPA, with the ongoing expansion set to...

Axis Direct

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