UltraTech Cement Ltd (ULTRACEMCO) — Share Price, Financials & Ratios

Key Fundamentals

LargecapCementConstruction

Market Cap

3.4L Cr

Volatility

Moderate

P/E Ratio

41.46

EBITDA

₹16,866 Cr

Return on Equity

11.62%

Debt to Equity

0.27

Book Value

₹2,600.24

EPS

₹243.84

52W High

₹13,110

52W Low

₹10,325

Technical Indicators

Key Insights

Strengths

1

Company has been maintaining a healthy dividend payout of 51.1%

Weaknesses

2

Stock is trading at 4.40 times its book value
Company has a low return on equity of 10.9% over last 3 years.

Growth Rate

Revenue Growth

15.40% ↘

Net Income Growth

42.62% ↘

Cash Flow Change

-2.06% ↘

ROE

-29.69% ↘

ROCE

-35.56% ↘

EBITDA Margin (Avg.)

9.17% ↘

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 2d ago

BUY

Risk medium

UltraTech Cement commands overwhelming analyst consensus with 84% buy ratings and delivers strong TTM profit growth of 36%. However, the premium valuation at 40.9x PE and modest ROE of 11% warrant patience for better entry points.

Bull Case 8

Overwhelming analyst consensus with 84.21% buy ratings (32 out of 38 analysts recommend buy)
TTM compounded profit growth of 36% signals strong earnings momentum and operational leverage
Consistent 10-year sales CAGR of 13% demonstrates durable demand and market share gains
Market cap of Rs 3,33,754 Cr reflects dominant industry position as India's largest cement manufacturer
Healthy dividend payout ratio of 51.1% shows shareholder-friendly capital allocation
3-year compounded profit growth of 18% outpaces 3-year sales growth of 12%, indicating margin expansion
10-year stock CAGR of 13% demonstrates consistent long-term wealth creation for investors
5-year compounded sales growth of 15% reflects strong execution through multiple economic cycles

Bear Case 8

Stock trades at 4.37x book value, significantly above sector average, limiting margin of safety
PE ratio of 40.9x is elevated for a commodity/cement business with cyclical earnings
Return on equity of just 10.9-11% over 3 years is below cost of equity for such premium valuation
1-year stock CAGR of -1% indicates price stagnation despite strong earnings growth
Dividend yield of only 0.68% offers minimal income support at current elevated price levels
5-year compounded profit growth of only 8% reveals earnings volatility across business cycles
ROE has remained flat at 11-12% over 3, 5, and 10-year periods showing no structural improvement in capital efficiency
Only 5.26% sell ratings (2 analysts) suggests potential crowded consensus risk if cycle turns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

anthropic

claude-opus-4.6 1d ago

Positives 5

Renewable energy stake cuts costs Jun 10

UltraTech acquired 13.99% stake in FPEL Services for ₹12.09 crore to procure wind energy under Group Captive model, potentially reducing power tariff by ₹1-2 per unit. Subsidiary India Cements also acquired 12.48% stake for ₹10.78 crore.
Broker target ₹13,835 with Buy Jun 5

Prabhudas Lilladher issued a buy rating with ₹13,835 target, expecting volume/EBITDA CAGR of 11%/17% over FY26-28E. Valued at 18x EV of March 2028E EBITDA.
Strong Q4 FY26 beat estimates Jun 16

Q4 FY26 net profit grew 20.2% to ₹2,983 crore, revenue rose 11.9% to ₹25,799 crore, and EBITDA increased 21.3% to ₹5,600 crore with margin improving to 21.7% from 20%.
Shareholders approve India Cements deals Jun 2

Material related party transactions with The India Cements Limited approved with 99.99% votes in favour, clearing integration path.
₹32,000 crore capex to 200 MTPA Jun 10

UltraTech announced massive capex plan to expand capacity to 200 MTPA, alongside commissioning 100 MW solar in Rajasthan and reporting 12% YoY volume growth.

Neutral 8

Q1 FY27 results on July 20 Jun 16

Board to meet July 20, 2026 to approve Q1 FY27 results. Trading window closed from July 1 to July 22, 2026.
₹64 crore block trade on NSE Jun 1

Approximately 56,600 shares transacted at ₹11,321 per share totaling ₹64.08 crores, indicating institutional activity.
₹15.44 crore block trade on NSE Jun 23

Around 13,644 shares traded at ₹11,318 per share in a ₹15.44 crore block deal, reflecting continued institutional interest.
New wire and cable facility Jun 9

UltraTech set up a wire and cable facility; financial and operational scope details were not disclosed.
Independent director retirement Jun 8

Mrs. Alka Bharucha retired after completing her second term. Mr. Vikram Bhalla appointed as new independent director from June 8, 2026.
Investor meet at Jefferies NY Jun 3

UltraTech attended Jefferies India Access Days on June 8-9, 2026. No UPSI to be shared.
No encumbrance on promoter shares Jun 2

Grasim Industries confirmed zero encumbrance on its UltraTech Cement shareholding for FY26.
Dividend TDS details disclosed Jun 3

Company outlined 10% TDS rate for resident shareholders with valid PAN for FY2025-26 dividends.

TL;DR: UltraTech Cement is executing well across cost optimization, capacity expansion, and renewable energy integration with no visible headwinds in the news flow. Q4 FY26 delivered strong beats on profit, revenue, and margins, while broker coverage points to continued 11-17% growth trajectory through FY28. The ₹32,000 crore capex plan and renewable energy acquisitions position the company for structural cost reduction. Key catalyst ahead is Q1 FY27 results on July 20, which will signal whether demand momentum and price hikes are sustaining into FY27.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	18,662	17,737	16,012	16,740	20,419	18,819	16,294	17,779	23,063	21,275	19,607	21,830	25,799
Expenses	15,340	14,688	13,461	13,485	16,305	15,801	14,269	14,885	18,456	16,869	16,518	17,919	20,201
Operating Profit	3,322	3,049	2,551	3,255	4,114	3,017	2,026	2,893	4,608	4,406	3,089	3,911	5,599
OPM %	18%	17%	16%	19%	20%	16%	12%	16%	20%	21%	16%	18%	22%
Other Income	123	177	171	146	73	83	226	247	93	142	174	46	77
Interest	191	211	234	262	261	326	393	457	475	433	459	492	487
Depreciation	762	749	798	783	815	918	980	993	1,125	1,107	1,148	1,182	1,208
PBT	2,492	2,267	1,690	2,355	3,111	1,857	879	1,691	3,101	3,008	1,656	2,283	3,981
Tax %	33%	25%	24%	25%	27%	20%	19%	19%	20%	26%	25%	24%	25%
Net Profit	1,670	1,690	1,280	1,775	2,259	1,493	708	1,363	2,475	2,221	1,238	1,729	3,000
EPS in Rs	57.71	58.49	44.39	61.55	78.22	51.78	24.34	47.09	84.23	75.54	41.79	58.55	101

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	23,306	25,153	25,375	30,979	41,462	42,430	44,726	52,599	63,240	70,908	75,955	88,512
Expenses	18,881	20,252	20,162	24,834	34,115	33,184	33,158	41,084	52,620	57,930	63,158	71,507
Operating Profit	4,425	4,901	5,212	6,145	7,347	9,246	11,568	11,514	10,620	12,979	12,797	17,004
OPM %	19%	19%	21%	20%	18%	22%	26%	22%	17%	18%	17%	19%
Other Income	350	464	648	242	350	651	619	669	507	557	397	439
Interest	587	566	640	1,238	1,778	1,992	1,486	945	823	968	1,651	1,872
Depreciation	1,203	1,377	1,348	1,848	2,451	2,723	2,700	2,715	2,888	3,145	4,015	4,644
PBT	2,986	3,421	3,872	3,301	3,468	5,183	8,001	8,524	7,416	9,422	7,528	10,927
Tax %	30%	28%	30%	33%	31%	-11%	32%	14%	32%	26%	20%	25%
Net Profit	2,102	2,480	2,714	2,224	2,400	5,751	5,462	7,334	5,073	7,004	6,040	8,188
EPS in Rs	76.47	90.3	98.9	80.92	87.51	199	189	254	175	243	205	277
Div. Payout %	12%	11%	10%	13%	13%	7%	20%	15%	22%	29%	38%	87%

Show % Change

Figures in ₹ Crores

Balance Sheet

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	274	274	275	275	275	289	289	289	289	289	295	295
Reserves	18,767	21,671	24,117	26,107	33,476	38,755	43,886	50,147	54,036	59,939	70,412	76,329
Borrowings	9,829	10,616	8,474	19,480	25,337	23,019	21,719	11,299	11,058	11,403	24,102	23,755
Other Liabilities	9,183	8,631	9,343	11,280	17,438	17,151	20,282	22,077	25,998	29,167	38,823	40,997
Total Liabilities	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	1,00,797	1,33,632	1,41,376
Fixed Assets	23,343	25,309	25,904	39,715	56,645	57,151	55,412	55,488	59,579	62,878	94,564	99,260
CWIP	2,250	1,469	921	1,511	1,153	920	1,687	4,785	4,040	6,811	6,234	8,276
Investments	4,500	5,095	6,691	5,447	2,921	5,929	12,178	6,336	7,297	8,249	5,156	6,740
Other Assets	7,961	9,319	8,693	10,468	15,806	15,215	16,900	17,203	20,464	22,859	27,677	27,101
Total Assets	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	1,00,797	1,33,632	1,41,376

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	4,190	4,526	5,005	3,888	5,956	8,972	12,500	9,283	9,069	10,898	10,673	15,316
Investing	-2,144	-3,673	-2,501	1,866	1,165	-4,192	-8,856	2,257	-7,188	-8,789	-15,836	-9,480
Financing	-2,110	-844	-2,535	-5,735	-6,757	-5,076	-4,356	-12,498	-1,631	-1,926	5,076	-5,954
Net Cash Flow	-63	8	-31	18	364	-295	-712	-958	250	183	-86	-118
Free Cash Flow	1,481	2,394	3,637	2,005	4,308	7,286	10,662	3,743	2,963	2,013	1,723	5,805
CFO/OP	98	110	110	77	91	107	119	94	96	97	94	98

Show % Change

Figures in ₹ Crores

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	26	28	25	26	25	20	21	21	22	22	28	25
Inventory Days	266	203	195	226	214	234	207	256	248	255	255	206
Days Payable	154	142	150	165	165	188	234	269	271	260	248	217
Cash Conversion Cycle	138	89	70	87	74	66	-6	9	0	17	35	13
Working Capital Days	-82	-83	-38	-50	-48	-60	-83	-56	-56	-52	-64	-41
ROCE %	12%	13%	14%	12%	10%	12%	15%	14%	13%	15%	11%	13%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.96%	59.95%	59.99%	59.99%	60.00%	59.23%	59.23%	59.23%	59.29%	59.33%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.00%	17.17%	0.01%	18.26%	18.65%	18.47%	17.48%	15.71%	15.72%	15.82%	14.93%	14.11%
DIIs	13.74%	14.39%	14.51%	15.15%	16.38%	18.16%	17.30%	17.50%	17.03%	16.05%	15.15%	13.68%	14.24%	13.93%	14.19%	15.16%	16.80%	16.85%	16.65%	17.45%	18.42%
Government	0.08%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Public	5.45%	5.51%	5.52%	5.52%	5.92%	6.24%	5.96%	5.71%	5.55%	5.42%	5.41%	5.28%	5.40%	5.26%	5.24%	5.22%	5.37%	5.39%	5.58%	5.62%	5.55%
Others	20.77%	20.09%	19.96%	19.33%	17.69%	15.60%	16.72%	16.77%	17.40%	18.51%	2.26%	21.03%	2.09%	2.12%	2.05%	2.09%	2.84%	2.75%	2.67%	2.66%	2.54%
No. of Shareholders	0	3,04,256	3,13,102	3,23,875	3,31,319	3,95,972	4,33,196	4,15,403	3,66,437	3,49,281	3,47,904	3,42,422	3,57,627	3,53,565	3,56,405	3,59,710	3,94,462	4,06,118	4,09,266	4,12,518	4,09,350

Show % Change

Documents

1

Concall - Apr 2017 Apr 2017

PPT

2

Concall - Aug 2017 Aug 2017

PPT

3

Concall - Sep 2017 Sep 2017

PPT

4

Concall - Oct 2017 Oct 2017

PPT

5

Concall - Dec 2017 Dec 2017

PPT

Frequently Asked Questions about UltraTech Cement Ltd

What does UltraTech Cement Ltd do?

UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe.[1]

Where is UltraTech Cement Ltd (ULTRACEMCO) listed?

UltraTech Cement Ltd is listed on the Indian stock exchanges. It is listed on NSE: ULTRACEMCO and BSE: 532538. You can view its live share price, financials, and ratios on Tapetide.

Which sector does UltraTech Cement Ltd belong to?

UltraTech Cement Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.

What is the market capitalisation of UltraTech Cement Ltd?

UltraTech Cement Ltd has a market capitalisation of approximately ₹342181.45 Cr. Based on this, it is classified as a Large Cap stock.

What is the PE ratio of UltraTech Cement Ltd?

The Price-to-Earnings (PE) ratio of UltraTech Cement Ltd is 41.46. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.

What is the 52-week high and low of UltraTech Cement Ltd?

Over the past 52 weeks, UltraTech Cement Ltd has traded between a low of ₹10,325 and a high of ₹13,110. This range helps investors understand the stock's price volatility and recent trading levels.

Does UltraTech Cement Ltd pay dividends?

Yes, UltraTech Cement Ltd has a dividend yield of 0.68%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.

What is the Return on Equity (ROE) of UltraTech Cement Ltd?

UltraTech Cement Ltd has a Return on Equity (ROE) of 11.62%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.

How can I research UltraTech Cement Ltd on Tapetide?

On Tapetide, you can view UltraTech Cement Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.