UltraTech Cement Ltd

UltraTech Cement Ltd

₹ 11,602 0.41%
12 Jul - close price
About

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

Key Points

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]

  • Market Cap 3,34,955 Cr.
  • Current Price 11,602
  • High / Low 12,078 / 7,941
  • Stock P/E 47.5
  • Book Value 2,086
  • Dividend Yield 0.33 %
  • ROCE 15.3 %
  • ROE 12.3 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Stock is trading at 5.56 times its book value
  • Company has a low return on equity of 12.3% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
14,406 11,830 12,017 12,985 15,767 15,164 13,893 15,521 18,662 17,737 16,012 16,740 20,419
10,715 8,522 9,302 10,566 12,695 12,069 12,028 13,185 15,340 14,688 13,461 13,485 16,305
Operating Profit 3,690 3,307 2,715 2,419 3,073 3,095 1,865 2,336 3,322 3,049 2,551 3,255 4,114
OPM % 26% 28% 23% 19% 19% 20% 13% 15% 18% 17% 16% 19% 20%
24 205 140 71 253 110 146 130 123 177 171 146 73
Interest 377 326 230 182 206 216 200 215 191 211 234 262 261
Depreciation 698 660 677 674 703 695 708 723 762 749 798 783 815
Profit before tax 2,639 2,527 1,947 1,634 2,416 2,293 1,103 1,527 2,492 2,267 1,690 2,355 3,111
Tax % 33% 33% 33% -5% -8% 31% 31% 30% 33% 25% 24% 25% 27%
1,774 1,700 1,310 1,710 2,614 1,582 759 1,063 1,670 1,690 1,280 1,775 2,259
EPS in Rs 61.50 58.99 45.50 59.16 90.78 54.87 26.18 36.66 57.71 58.49 44.39 61.55 78.22
Raw PDF
Upcoming result date: 19 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20,514 20,730 23,306 25,153 25,375 30,979 41,462 42,430 44,726 52,599 63,240 70,908
15,674 16,695 18,881 20,252 20,162 24,834 34,115 33,184 33,158 41,084 52,620 57,940
Operating Profit 4,839 4,035 4,425 4,901 5,212 6,145 7,347 9,246 11,568 11,514 10,620 12,969
OPM % 24% 19% 19% 19% 21% 20% 18% 22% 26% 22% 17% 18%
304 322 350 464 648 242 350 651 619 669 507 567
Interest 252 361 587 566 640 1,238 1,778 1,992 1,486 945 823 968
Depreciation 1,023 1,139 1,203 1,377 1,348 1,848 2,451 2,723 2,700 2,715 2,888 3,145
Profit before tax 3,867 2,858 2,986 3,421 3,872 3,301 3,468 5,183 8,001 8,524 7,416 9,422
Tax % 30% 23% 30% 28% 30% 33% 31% -11% 32% 14% 32% 26%
2,688 2,213 2,102 2,480 2,714 2,224 2,400 5,751 5,462 7,334 5,073 7,004
EPS in Rs 97.66 80.44 76.47 90.30 98.90 80.92 87.51 199.40 189.26 254.42 175.41 242.65
Dividend Payout % 9% 11% 12% 11% 10% 13% 13% 7% 20% 15% 22% 29%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 17%
TTM: 12%
Compounded Profit Growth
10 Years: 13%
5 Years: 24%
3 Years: 8%
TTM: 40%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 17%
1 Year: 42%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 274 274 274 274 275 275 275 289 289 289 289 289
Reserves 14,955 16,908 18,767 21,671 24,117 26,107 33,476 38,755 43,886 50,147 54,036 59,939
7,342 7,332 9,829 10,616 8,474 19,480 25,337 23,019 21,719 11,299 11,058 11,403
7,010 7,671 9,183 8,631 9,343 11,280 17,438 17,151 20,282 22,077 25,998 29,172
Total Liabilities 29,582 32,185 38,053 41,193 42,209 57,141 76,525 79,214 86,176 83,811 91,380 100,802
15,050 18,100 23,343 25,309 25,904 39,715 56,645 57,151 55,412 55,488 59,579 62,906
CWIP 3,601 2,186 2,250 1,469 921 1,511 1,153 920 1,687 4,785 4,040 6,783
Investments 4,709 4,862 4,500 5,095 6,691 5,447 2,921 5,929 12,178 6,336 7,297 8,249
6,222 7,037 7,961 9,319 8,693 10,468 15,806 15,215 16,900 17,203 20,464 22,864
Total Assets 29,582 32,185 38,053 41,193 42,209 57,141 76,525 79,214 86,176 83,811 91,380 100,802

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,618 3,455 4,190 4,526 5,005 3,888 5,956 8,972 12,500 9,283 9,069 10,898
-4,362 -2,342 -2,144 -3,673 -2,501 1,866 1,165 -4,192 -8,856 2,257 -7,188 -8,788
715 -949 -2,110 -844 -2,535 -5,735 -6,757 -5,076 -4,356 -12,498 -1,631 -1,926
Net Cash Flow -30 164 -63 8 -31 18 364 -295 -712 -958 250 184

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 29 26 28 25 26 25 20 21 21 22 22
Inventory Days 284 251 266 203 195 226 214 234 207 256 248 255
Days Payable 258 252 154 142 150 165 165 188 234 269 271 260
Cash Conversion Cycle 50 28 138 89 70 87 74 66 -6 9 -0 17
Working Capital Days -15 -2 -42 -47 -23 -17 -16 -25 -26 -21 -29 3
ROCE % 19% 12% 12% 13% 14% 12% 10% 12% 15% 14% 13% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.98%
16.48% 15.74% 14.03% 13.12% 14.06% 14.11% 14.77% 15.81% 16.65% 18.20% 17.74% 18.15%
14.51% 15.15% 16.39% 18.16% 17.30% 17.40% 16.93% 15.95% 15.04% 13.68% 14.14% 13.83%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
8.91% 9.00% 9.48% 8.62% 8.50% 8.35% 8.14% 8.09% 8.11% 7.95% 7.92% 7.82%
0.09% 0.10% 0.09% 0.09% 0.14% 0.13% 0.15% 0.14% 0.18% 0.18% 0.17% 0.17%
No. of Shareholders 3,23,8753,31,3193,95,9724,33,1964,15,4033,83,9713,66,4373,49,2813,47,9043,42,4223,57,6273,53,565

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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