Ultratech Cement Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDConstruction Materials
Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.74x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Company comfortably covers its interest (6.8x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor profit growth of 9.0% over past five years
- Expensive relative to growth - PEG of 2.2
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | 10896.00 | 37.60 | 321082.42 | 2.20 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| AMBUJACEM | 396.05 | 22.49 | 98411.18 | 0.51 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| SHREECEM | 22911.30 | 50.71 | 82665.68 | 0.65 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| JKCEMENT | 4989.80 | 40.78 | 38555.31 | 0.40 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| DALBHARAT | 1734.10 | 34.86 | 32525.81 | 0.52 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| ACC | 1257.80 | 12.37 | 23619.88 | 0.60 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| RAMCOCEM | 865.45 | 31.71 | 20449.92 | 0.29 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| JSWCEMENT | 120.85 | 21.67 | 16476.27 | 0.41 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| NUVOCO | 335.15 | 31.01 | 11970.09 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| INDIACEM | 351.65 | 117.82 | 10897.54 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| STARCEMENT | 191.50 | 20.94 | 7740.05 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| BIRLACORPN | 836.25 | 11.63 | 6439.57 | 1.49 | 115.73 | -3.21 | 2646.45 | 7.83 | 10.88 | 12.93 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,737 | 16,012 | 16,740 | 20,419 | 18,819 | 16,294 | 17,779 | 23,063 | 21,275 | 19,607 | 21,830 | 25,799 | 24,648 | |
| 14,688 | 13,461 | 13,485 | 16,305 | 15,801 | 14,267 | 14,884 | 18,445 | 16,865 | 16,513 | 17,914 | 20,199 | 21,286 | |
| Operating Profit | 3,049 | 2,551 | 3,255 | 4,114 | 3,017 | 2,027 | 2,895 | 4,618 | 4,410 | 3,094 | 3,915 | 5,600 | 3,362 |
| OPM % | 17.19% | 15.93% | 19.44% | 20.15% | 16.03% | 12.44% | 16.28% | 20.03% | 20.73% | 15.78% | 17.94% | 21.71% | 13.64% |
| 174 | 167 | 140 | 64 | 80 | 226 | 247 | 93 | 142 | 174 | 46 | 77 | 144 | |
| Interest | 211 | 234 | 262 | 261 | 326 | 393 | 457 | 475 | 433 | 459 | 492 | 487 | 453 |
| Depreciation | 749 | 798 | 783 | 815 | 918 | 980 | 993 | 1,125 | 1,107 | 1,148 | 1,182 | 1,208 | 1,201 |
| Profit before Tax | 2,263 | 1,686 | 2,349 | 3,101 | 1,854 | 881 | 1,693 | 3,112 | 3,012 | 1,662 | 2,287 | 3,982 | 3,480 |
| Tax % | 25.48% | 24.28% | 24.70% | 27.47% | 19.60% | 19.45% | 19.37% | 20.12% | 26.12% | 25.15% | 24.20% | 24.62% | 25.19% |
| Net Profit | 0 | 0 | 0 | 0 | 1,695 | 825 | 1,474 | 2,475 | 2,221 | 1,238 | 1,729 | 3,000 | 2,604 |
| 58.57 | 44.46 | 61.66 | 78.35 | 50.81 | 23.89 | 46.21 | 84.38 | 75.67 | 41.87 | 58.66 | 101.41 | 88.36 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,375 | 30,979 | 41,609 | 42,430 | 44,726 | 52,599 | 63,240 | 70,908 | 75,955 | 88,512 | 91,884 | |
| 20,162 | 24,833 | 34,262 | 33,183 | 33,158 | 41,084 | 52,620 | 57,940 | 63,398 | 71,491 | 75,912 | |
| Operating Profit | 5,212 | 6,145 | 7,347 | 9,247 | 11,568 | 11,514 | 10,620 | 12,969 | 12,557 | 17,020 | 15,972 |
| OPM % | 20.54% | 19.84% | 17.66% | 21.79% | 25.86% | 21.89% | 16.79% | 18.29% | 16.53% | 19.23% | 17.38% |
| 648 | 242 | 350 | 651 | 486 | 508 | 503 | 545 | 647 | 439 | 441 | |
| Interest | 640 | 1,238 | 1,778 | 1,992 | 1,498 | 945 | 823 | 968 | 1,651 | 1,872 | 1,891 |
| Depreciation | 1,348 | 1,848 | 2,451 | 2,723 | 2,700 | 2,715 | 2,888 | 3,145 | 4,015 | 4,644 | 4,738 |
| Profit before Tax | 3,872 | 3,301 | 3,468 | 5,183 | 7,858 | 8,364 | 7,416 | 9,422 | 7,528 | 10,927 | 11,411 |
| Tax % | 29.92% | 32.62% | 30.79% | -10.96% | 32.31% | 14.23% | 31.59% | 25.67% | 19.77% | 25.06% | 24.79% |
| Net Profit | 2,714 | 2,224 | 2,400 | 5,751 | 5,319 | 7,174 | 5,073 | 7,004 | 6,040 | 8,188 | 8,583 |
| EPS | 98.88 | 80.92 | 84.00 | 199.49 | 189.33 | 254.53 | 175.54 | 242.65 | 204.94 | 277.10 | — |
| Dividend Payout % | 10.11% | 12.98% | 13.14% | 6.52% | 19.55% | 14.94% | 21.66% | 28.85% | 37.82% | 86.61% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 13%
- 5 Years:
- 15%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 8%
- 3 Years:
- 17%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 7%
- 3 Years:
- 9%
- 1 Year:
- -12%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 11%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 275 | 275 | 275 | 289 | 289 | 289 | 289 | 289 | 295 | 295 |
| Minority Interest | 10 | 16 | 12 | 8 | 6 | -3 | 56 | 56 | 3,187 | 4,089 |
| 24,096 | 26,089 | 28,065 | 38,719 | 43,842 | 50,097 | 53,956 | 59,817 | 70,237 | 76,138 | |
| 8,008 | 19,322 | 25,320 | 22,734 | 19,935 | 10,895 | 10,203 | 11,436 | 23,624 | 23,095 | |
| Trade Payables | 1,849 | 2,385 | 3,160 | 3,363 | 4,548 | 5,863 | 7,209 | 8,478 | 9,327 | 10,237 |
| 7,972 | 9,054 | 19,695 | 14,101 | 17,556 | 16,671 | 19,669 | 20,722 | 26,962 | 27,461 | |
| Total Liabilities | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 1,00,797 | 1,33,632 | 1,41,315 |
| 25,904 | 39,715 | 56,645 | 57,151 | 55,412 | 55,488 | 59,579 | 62,878 | 94,564 | 98,794 | |
| Capital Work in Progress | 921 | 1,510 | 1,149 | 910 | 1,681 | 4,777 | 4,035 | 6,783 | 6,188 | 8,276 |
| 6,691 | 5,447 | 2,921 | 5,929 | 12,178 | 6,336 | 7,297 | 8,249 | 5,156 | 6,740 | |
| 2,401 | 3,268 | 4,099 | 4,183 | 4,018 | 5,596 | 6,612 | 8,330 | 9,563 | 9,694 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,278 | 5,890 | 6,029 | |
| Cash & Bank | 2,249 | 219 | 740 | 540 | 2,008 | 359 | 1,150 | 783 | 1,673 | 1,384 |
| 4,045 | 6,982 | 10,972 | 10,501 | 10,880 | 11,256 | 12,708 | 9,497 | 10,597 | 10,399 | |
| Total Assets | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 1,00,797 | 1,33,632 | 1,41,315 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5,749 | 4,731 | 6,666 | 9,864 | 13,791 | 10,838 | 10,193 | 10,898 | 10,673 | 15,316 | |
| Cash from Investing | -2,480 | 1,862 | 1,059 | -4,192 | -8,856 | 2,257 | -7,187 | -8,788 | -16,504 | -9,480 |
| Cash from Financing | -2,535 | -5,735 | -6,756 | -5,076 | -4,356 | -12,498 | -1,631 | -1,926 | 5,076 | -5,954 |
| -10 | 14 | 316 | -296 | -713 | -958 | 250 | 184 | -755 | -118 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - UltraTech Cement Limited has informed the Exchange about Schedule of meet
2026-09-09 - UltraTech Cement Limited has informed the Exchange about Schedule of meet
2026-09-03 - UltraTech Cement Limited has informed the Exchange regarding 'Aditya Birla Group launches wires and cables business; Ultravolt marks the Group s fourth new business foray in three years'.
2026-09-02 - UltraTech Cement Limited has informed the Exchange regarding 'UltraTech to scale up supply chain electrification with 600+ heavy-duty electric truck fleet '.
2026-09-01 - UltraTech Cement Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-09-01 - UltraTech Cement Limited has informed the Exchange about Commencement of commercial production/operations
2026-08-21 - UltraTech Cement Limited has informed the Exchange about Incorporation of UHG Holdings IFSC Private Limited.
2026-08-21 - UltraTech Cement Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-18 - UltraTech Cement Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 17, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for ULTRACEMCO
Loading news…
AI Stock Analyst
Ultratech Cement Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account