Ambuja Cements Ltd, has said its dispatches rose 7.2% to 1.79 million tonnes in June, year-on-year. Cement production at the company also grew 7.9% to 1.78% YoY.
The company has put up a good show in monsoon which traditionally leads to lower construction activity. Despatches and sales generally see declines during this period.
Meanwhile, the company had registered a growth of 8.76% on YoY basis in its production to 1.888 million tonnes in May too. The company's dispatches also grew by 11.91% to 1.935 million .
ACC Ltd's cement despatches too have grown to 1.96 million tonnes from 1.91 million, YoY. Its production also grew to 1.97 million tonnes from 1.89 million tonnes,YoY.
Analysts say if the trend continues, it will bring the industry back on a double-digit growth trajectory after a gap of three months. Amid India's disappointing GDP growth of 5.3% in the previous quarter, strong dispatches of the building material, at the start of the monsoon, has raised hope for better growth of cement industry in 2012-13.
Ambuja Cements has a capacity of 25 million tonnes per annum.
Ambuja Cements stock price
On November 24, 2015, Ambuja Cements closed at Rs 202.35, up Rs 1.10, or 0.55 percent. The 52-week high of the share was Rs 286.85 and the 52-week low was Rs 188.80.
The company's trailing 12-month (TTM) EPS was at Rs 6.61 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 30.61. The latest book value of the company is Rs 65.11 per share. At current value, the price-to-book value of the company is 3.11.
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