UltraTech Cement Ltd
UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily in India.[1]
- Market Cap ₹ 2,69,337 Cr.
- Current Price ₹ 9,330
- High / Low ₹ 9,400 / 6,604
- Stock P/E 47.3
- Book Value ₹ 1,945
- Dividend Yield 0.41 %
- ROCE 12.9 %
- ROE 9.63 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 18.7%
Cons
- Stock is trading at 4.80 times its book value
- Company has a low return on equity of 12.6% 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
Sector: Cement Industry: Cement - North India
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
18,551 | 20,514 | 20,730 | 23,306 | 25,153 | 25,375 | 30,979 | 41,462 | 42,430 | 44,726 | 52,599 | 63,240 | 67,933 | |
14,357 | 15,674 | 16,695 | 18,881 | 20,252 | 20,162 | 24,834 | 34,115 | 33,184 | 33,158 | 41,084 | 52,620 | 56,674 | |
Operating Profit | 4,194 | 4,839 | 4,035 | 4,425 | 4,901 | 5,212 | 6,145 | 7,347 | 9,246 | 11,568 | 11,514 | 10,620 | 11,258 |
OPM % | 23% | 24% | 19% | 19% | 19% | 21% | 20% | 18% | 22% | 26% | 22% | 17% | 17% |
371 | 304 | 322 | 350 | 464 | 648 | 242 | 350 | 651 | 619 | 669 | 507 | 601 | |
Interest | 256 | 252 | 361 | 587 | 566 | 640 | 1,238 | 1,778 | 1,992 | 1,486 | 945 | 823 | 851 |
Depreciation | 963 | 1,023 | 1,139 | 1,203 | 1,377 | 1,348 | 1,848 | 2,451 | 2,723 | 2,700 | 2,715 | 2,888 | 3,032 |
Profit before tax | 3,345 | 3,867 | 2,858 | 2,986 | 3,421 | 3,872 | 3,301 | 3,468 | 5,183 | 8,001 | 8,524 | 7,416 | 7,976 |
Tax % | 28% | 30% | 23% | 30% | 28% | 30% | 33% | 31% | -11% | 32% | 14% | 32% | |
2,397 | 2,688 | 2,213 | 2,102 | 2,480 | 2,714 | 2,224 | 2,400 | 5,751 | 5,462 | 7,334 | 5,073 | 5,703 | |
EPS in Rs | 87.69 | 97.66 | 80.44 | 76.47 | 90.30 | 98.90 | 80.92 | 87.51 | 199.40 | 189.26 | 254.42 | 175.41 | 197.25 |
Dividend Payout % | 9% | 9% | 11% | 12% | 11% | 10% | 13% | 13% | 7% | 20% | 15% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 14% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 16% |
3 Years: | -4% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 19% |
3 Years: | 22% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 274 | 274 | 274 | 274 | 274 | 275 | 275 | 275 | 289 | 289 | 289 | 289 | 289 |
Reserves | 12,550 | 14,955 | 16,908 | 18,767 | 21,671 | 24,117 | 26,107 | 33,476 | 38,755 | 43,886 | 50,147 | 54,036 | 55,858 |
5,891 | 7,342 | 7,332 | 9,829 | 10,616 | 8,474 | 19,480 | 25,337 | 23,019 | 21,719 | 11,299 | 11,058 | 11,459 | |
6,181 | 7,010 | 7,671 | 9,183 | 8,631 | 9,343 | 11,280 | 17,438 | 17,151 | 20,282 | 22,077 | 25,998 | 26,385 | |
Total Liabilities | 24,896 | 29,582 | 32,185 | 38,053 | 41,193 | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 93,991 |
13,314 | 15,050 | 18,100 | 23,343 | 25,309 | 25,904 | 39,715 | 56,645 | 57,151 | 55,412 | 55,488 | 59,579 | 60,768 | |
CWIP | 1,940 | 3,601 | 2,186 | 2,250 | 1,469 | 921 | 1,511 | 1,153 | 920 | 1,687 | 4,785 | 4,040 | 5,306 |
Investments | 3,547 | 4,709 | 4,862 | 4,500 | 5,095 | 6,691 | 5,447 | 2,921 | 5,929 | 12,178 | 6,336 | 7,297 | 6,341 |
6,095 | 6,222 | 7,037 | 7,961 | 9,319 | 8,693 | 10,468 | 15,806 | 15,215 | 16,900 | 17,203 | 20,464 | 21,576 | |
Total Assets | 24,896 | 29,582 | 32,185 | 38,053 | 41,193 | 42,209 | 57,141 | 76,525 | 79,214 | 86,176 | 83,811 | 91,380 | 93,991 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,427 | 3,618 | 3,455 | 4,190 | 4,526 | 5,005 | 3,888 | 5,956 | 8,972 | 12,500 | 9,283 | 9,069 | |
-3,050 | -4,362 | -2,342 | -2,144 | -3,673 | -2,501 | 1,866 | 1,165 | -4,192 | -8,856 | 2,257 | -7,188 | |
-353 | 715 | -949 | -2,110 | -844 | -2,535 | -5,735 | -6,757 | -5,076 | -4,356 | -12,498 | -1,631 | |
Net Cash Flow | 24 | -30 | 164 | -63 | 8 | -31 | 18 | 364 | -295 | -712 | -958 | 250 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 21 | 24 | 29 | 26 | 28 | 25 | 26 | 25 | 20 | 21 | 21 | 22 |
Inventory Days | 279 | 284 | 251 | 266 | 203 | 195 | 226 | 214 | 234 | 207 | 256 | 248 |
Days Payable | 281 | 258 | 252 | 154 | 142 | 150 | 165 | 165 | 188 | 234 | 269 | 271 |
Cash Conversion Cycle | 20 | 50 | 28 | 138 | 89 | 70 | 87 | 74 | 66 | -6 | 9 | -0 |
Working Capital Days | -5 | -15 | -2 | -42 | -47 | -23 | -17 | -16 | -25 | -26 | -21 | -29 |
ROCE % | 19% | 19% | 12% | 12% | 13% | 14% | 12% | 10% | 12% | 15% | 14% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15h
- Board Meeting Intimation for Intimation Of Board Meeting Of Ultratech Cement Limited ('The Company') 1 Dec
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Nov
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
30 Nov - Scheme of Arrangement between Kesoram Industries Limited and the Company for acquisition of the cement business of Kesoram.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Nov
Annual reports
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Financial Year 2023
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Financial Year 2022
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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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Financial Year 2010
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Concalls
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Manufacturing Capabilities
Co. has an installed capacity of 114 mtpa in India with a capacity utilization of 77%. [1]
It has 23 integrated plants and 27 grinding units, seven bulk terminals, two white cement and putty plants and over 100 ready mix concrete plants. Its operations span across India, the UAE, Bahrain, Bangladesh and Sri Lanka. No region accounts for more than 25% of sales. [2] [3]