UltraTech Cement Ltd
UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe.[1]
- Market Cap ₹ 3,35,703 Cr.
- Current Price ₹ 11,391
- High / Low ₹ 12,341 / 10,048
- Stock P/E 54.9
- Book Value ₹ 2,399
- Dividend Yield 0.61 %
- ROCE 10.9 %
- ROE 9.34 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 29.4%
Cons
- Stock is trading at 4.75 times its book value
- Promoter holding has decreased over last quarter: -0.77%
- Company has a low return on equity of 10.4% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Construction Materials Cement & Cement Products Cement & Cement Products
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20,730 | 23,306 | 25,153 | 25,375 | 30,979 | 41,462 | 42,430 | 44,726 | 52,599 | 63,240 | 70,908 | 75,955 | |
16,695 | 18,881 | 20,252 | 20,162 | 24,834 | 34,115 | 33,184 | 33,158 | 41,084 | 52,620 | 57,940 | 63,408 | |
Operating Profit | 4,035 | 4,425 | 4,901 | 5,212 | 6,145 | 7,347 | 9,246 | 11,568 | 11,514 | 10,620 | 12,969 | 12,547 |
OPM % | 19% | 19% | 19% | 21% | 20% | 18% | 22% | 26% | 22% | 17% | 18% | 17% |
322 | 350 | 464 | 648 | 242 | 350 | 651 | 619 | 669 | 507 | 567 | 647 | |
Interest | 361 | 587 | 566 | 640 | 1,238 | 1,778 | 1,992 | 1,486 | 945 | 823 | 968 | 1,651 |
Depreciation | 1,139 | 1,203 | 1,377 | 1,348 | 1,848 | 2,451 | 2,723 | 2,700 | 2,715 | 2,888 | 3,145 | 4,015 |
Profit before tax | 2,858 | 2,986 | 3,421 | 3,872 | 3,301 | 3,468 | 5,183 | 8,001 | 8,524 | 7,416 | 9,422 | 7,528 |
Tax % | 23% | 30% | 28% | 30% | 33% | 31% | -11% | 32% | 14% | 32% | 26% | 20% |
2,213 | 2,102 | 2,480 | 2,714 | 2,224 | 2,400 | 5,751 | 5,462 | 7,334 | 5,073 | 7,004 | 6,040 | |
EPS in Rs | 80.44 | 76.47 | 90.30 | 98.90 | 80.92 | 87.51 | 199.40 | 189.26 | 254.42 | 175.41 | 242.65 | 204.94 |
Dividend Payout % | 11% | 12% | 11% | 10% | 13% | 13% | 7% | 20% | 15% | 22% | 29% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 13% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 1% |
3 Years: | -5% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 25% |
3 Years: | 27% |
1 Year: | 5% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 10% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 274 | 274 | 274 | 275 | 275 | 275 | 289 | 289 | 289 | 289 | 289 | 295 |
Reserves | 16,908 | 18,767 | 21,671 | 24,117 | 26,107 | 33,476 | 38,755 | 43,886 | 50,147 | 54,036 | 59,939 | 70,412 |
7,332 | 9,829 | 10,616 | 8,474 | 19,480 | 25,337 | 23,019 | 21,719 | 11,299 | 11,058 | 11,403 | 24,102 | |
7,671 | 9,183 | 8,631 | 9,343 | 11,280 | 17,438 | 17,151 | 20,282 | 22,077 | 25,998 | 29,167 | 38,888 | |
Total Liabilities | 32,185 | 38,053 | 41,193 | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 100,797 | 133,697 |
18,100 | 23,343 | 25,309 | 25,904 | 39,715 | 56,645 | 57,151 | 55,412 | 55,488 | 59,579 | 62,878 | 94,610 | |
CWIP | 2,186 | 2,250 | 1,469 | 921 | 1,511 | 1,153 | 920 | 1,687 | 4,785 | 4,040 | 6,811 | 6,188 |
Investments | 4,862 | 4,500 | 5,095 | 6,691 | 5,447 | 2,921 | 5,929 | 12,178 | 6,336 | 7,297 | 8,249 | 5,156 |
7,037 | 7,961 | 9,319 | 8,693 | 10,468 | 15,806 | 15,215 | 16,900 | 17,203 | 20,464 | 22,859 | 27,742 | |
Total Assets | 32,185 | 38,053 | 41,193 | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 100,797 | 133,697 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,455 | 4,190 | 4,526 | 5,005 | 3,888 | 5,956 | 8,972 | 12,500 | 9,283 | 9,069 | 10,898 | 10,673 | |
-2,342 | -2,144 | -3,673 | -2,501 | 1,866 | 1,165 | -4,192 | -8,856 | 2,257 | -7,188 | -8,789 | -16,504 | |
-949 | -2,110 | -844 | -2,535 | -5,735 | -6,757 | -5,076 | -4,356 | -12,498 | -1,631 | -1,926 | 5,076 | |
Net Cash Flow | 164 | -63 | 8 | -31 | 18 | 364 | -295 | -712 | -958 | 250 | 183 | -755 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 26 | 28 | 25 | 26 | 25 | 20 | 21 | 21 | 22 | 22 | 28 |
Inventory Days | 251 | 266 | 203 | 195 | 226 | 214 | 234 | 207 | 256 | 248 | 255 | 255 |
Days Payable | 252 | 154 | 142 | 150 | 165 | 165 | 188 | 234 | 269 | 271 | 260 | 248 |
Cash Conversion Cycle | 28 | 138 | 89 | 70 | 87 | 74 | 66 | -6 | 9 | -0 | 17 | 35 |
Working Capital Days | -2 | -42 | -47 | -23 | -17 | -16 | -25 | -26 | -21 | -29 | -25 | -14 |
ROCE % | 12% | 12% | 13% | 14% | 12% | 10% | 12% | 15% | 14% | 13% | 15% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
2h - UltraTech Cement received ESG rating of 62 from NSE Sustainability for FY2024.
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Report From The Audit Committee And Independent Directors Of The Company Certifying Distribution Of Proceeds To Eligible Shareholders Of Fractional Shares Pursuant To The Composite
Scheme Of Arrangement Between Kesoram Industries Limited And Ultratech Cement Limited And Their Respective Shareholders And Creditors.
2h - Certification of fractional share proceeds distribution to Kesoram shareholders per Composite Scheme.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Jun - Investor meeting scheduled at BofA 2025 Asia Conference on June 11, 2025; no UPSI to be shared.
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Deduction Of Tax At Source On Dividend - Shareholders
Communication
6 Jun - UltraTech Cement informs shareholders about TDS on Rs.77.50 dividend for FY 2025-26 and related procedures.
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Closure of Trading Window
2 Jun - Board meeting on 21 July 2025 to approve Q1 FY26 unaudited results; trading window closed 1-23 July.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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May 2025Transcript PPT REC
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Market Leadership
The company is the 3rd largest cement company in the world, excluding China. It is also the largest cement manufacturer in India with a 22% share of the grey cement capacity. [1]