UltraTech Cement Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| GRASIM Grasim Industries Limited | ₹3,092 | ₹2.1L Cr | 41.6 | 2.03 | 5.05 | 8.07 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹418 | ₹1.1L Cr | 21.8 | 1.74 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹24,110 | ₹90K Cr | 51.7 | 3.74 | 7.78 | 10.5 | 0.1 |
| JKCEMENT JK Cement Limited | ₹4,948 +0.56% | ₹39K Cr | 38.4 | 5.43 | 15.6 | 15.1 | 1 |
| DALBHARAT Dalmia Bharat Limited | ₹1,688 | ₹33K Cr | 28.3 | 1.76 | 6.56 | 8.03 | 0.4 |
| ACC ACC Limited | ₹1,330 -1.55% | ₹26K Cr | 12.1 | 1.25 | 10.9 | 11.2 | 0.02 |
| RAMCOCEM The Ramco Cements Limited | ₹881 +0.38% | ₹21K Cr | 79.5 | 2.54 | 3.34 | 6.12 | 0.48 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ULTRACEMCO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.96% | 59.96% | 59.98% | 59.99% | 60.00% | 59.23% |
| FII | 18.20% | 17.74% | 18.15% | 17.95% | 16.98% | 15.17% |
| DII | 13.68% | 14.14% | 13.83% | 14.08% | 15.15% | 16.79% |
| Public | 7.95% | 7.92% | 7.82% | 7.75% | 7.64% | 8.57% |
| Govt | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Others | 0.18% | 0.17% | 0.17% | 0.17% | 0.19% | 0.18% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the Standalone and Consolidated Audited Financial Results of the Company for the year ending 31st March, 2026 and recommend dividend, if any, on the equity shares of the Company for the year ending 31st March, 2026.
Dividend - Rs 77.50 Per Sh
Annual General Meeting/Dividend - Rs 70 Per Share
Annual General Meeting/Dividend - Rs 38 Per Share
Latest News
All news →Morgan Stanley forecasts Sensex at 89,000 by 2027
*Morgan Stanley forecasts Sensex to reach 89,000 by June 2027*, driven by India’s next capex cycle. The brokerage identifies 7 key stocks across infrastructure, defense, and capital goods as primary beneficiaries. **₹500,000 crore** in estimated capex over the next few years could fuel earnings growth. Institutional focus on domestic cyclicals may accelerate F&O activity. 📊 *STOCKS:* LT, ULTRACEMCO, HAL, BEL, TATAMOTORS, POWERGRID, IRFC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Four Indian stocks added, four removed from MSCI index
In its May 2024 index reshuffle, MSCI added four Indian stocks and removed four others, effective June 3. Additions include **ADANIPORTS**, **HCLTECH**, **ICICIBANK**, and **AXISBANK**, while deletions feature **LT**, **TCS**, **NTPC**, and **ULTRACEMCO**. The move may trigger passive fund inflows into added stocks and outflows from excluded ones. Index rebalancing impacts foreign portfolio investment flows in the near term. 📊 *STOCKS:* ADANIPORTS, HCLTECH, ICICIBANK, AXISBANK | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Birla, Adani to invest ₹50,000 cr in cement capex
*Birla, Adani to invest ₹50,000 cr in cement capex* over two years to strengthen market dominance. The massive capex plan signals aggressive expansion in the cement sector, boosting capacity and competition. Investors may see long-term gains amid rising infrastructure demand. 📊 *STOCKS:* ULTRACEMCO | ADANIENT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Capex
UltraTech plans capacity expansion to boost market share
UltraTech Cement is evaluating a significant capacity expansion to strengthen its market leadership. The move could enhance production by **20-25 million tonnes** over the next few years. Investors await clarity on capex and funding strategy. 📊 *STOCKS:* ULTRACEMCO | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #cement
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹21.8K Cr ▲11.3% | ₹19.6K Cr ▼7.8% | ₹21.3K Cr ▼7.8% | ₹23.1K Cr ▲29.7% | ₹17.8K Cr ▲9.1% | ₹16.3K Cr ▼13.4% | ₹18.8K Cr ▼7.8% | ₹20.4K Cr |
| Op. Profit | ₹3.9K Cr ▲26.6% | ₹3.1K Cr ▼29.9% | ₹4.4K Cr ▼4.4% | ₹4.6K Cr ▲59.3% | ₹2.9K Cr ▲42.8% | ₹2.0K Cr ▼32.8% | ₹3.0K Cr ▼26.7% | ₹4.1K Cr |
| OPM | 18.0% ▲12.5% | 16.0% ▼23.8% | 21.0% ▲5.0% | 20.0% ▲25.0% | 16.0% ▲33.3% | 12.0% ▼25.0% | 16.0% ▼20.0% | 20.0% |
| Net Profit | ₹1.7K Cr ▲39.7% | ₹1.2K Cr ▼44.3% | ₹2.2K Cr ▼10.3% | ₹2.5K Cr ▲81.6% | ₹1.4K Cr ▲92.5% | ₹708 Cr ▼52.6% | ₹1.5K Cr ▼33.9% | ₹2.3K Cr |
| EPS (₹) | 58.55 ▲40.1% | 41.79 ▼44.7% | 75.54 ▼10.3% | 84.23 ▲78.9% | 47.09 ▲93.5% | 24.34 ▼53.0% | 51.78 ▼33.8% | 78.22 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹88.5K Cr ▲16.5% | ₹76.0K Cr ▲7.1% | ₹70.9K Cr ▲12.1% | ₹63.2K Cr ▲20.2% | ₹52.6K Cr ▲17.6% | ₹44.7K Cr ▲5.4% | ₹42.4K Cr ▲2.3% | ₹41.5K Cr ▲33.8% | ₹31.0K Cr ▲22.1% | ₹25.4K Cr |
| Expenses | ₹71.5K Cr ▲13.2% | ₹63.2K Cr ▲9.0% | ₹57.9K Cr ▲10.1% | ₹52.6K Cr ▲28.1% | ₹41.1K Cr ▲23.9% | ₹33.2K Cr ▼0.1% | ₹33.2K Cr ▼2.7% | ₹34.1K Cr ▲37.4% | ₹24.8K Cr ▲23.2% | ₹20.2K Cr |
| Op. Profit | ₹17.0K Cr ▲32.9% | ₹12.8K Cr ▼1.4% | ₹13.0K Cr ▲22.2% | ₹10.6K Cr ▼7.8% | ₹11.5K Cr ▼0.5% | ₹11.6K Cr ▲25.1% | ₹9.2K Cr ▲25.8% | ₹7.3K Cr ▲19.6% | ₹6.1K Cr ▲17.9% | ₹5.2K Cr |
| OPM | 19.0% ▲11.8% | 17.0% ▼5.6% | 18.0% ▲5.9% | 17.0% ▼22.7% | 22.0% ▼15.4% | 26.0% ▲18.2% | 22.0% ▲22.2% | 18.0% ▼10.0% | 20.0% ▼4.8% | 21.0% |
| Other Income | ₹439 Cr ▲10.6% | ₹397 Cr ▼28.7% | ₹557 Cr ▲9.9% | ₹507 Cr ▼24.2% | ₹669 Cr ▲8.1% | ₹619 Cr ▼4.9% | ₹651 Cr ▲86.0% | ₹350 Cr ▲44.6% | ₹242 Cr ▼62.7% | ₹648 Cr |
| Interest | ₹1.9K Cr ▲13.4% | ₹1.7K Cr ▲70.6% | ₹968 Cr ▲17.6% | ₹823 Cr ▼12.9% | ₹945 Cr ▼36.4% | ₹1.5K Cr ▼25.4% | ₹2.0K Cr ▲12.0% | ₹1.8K Cr ▲43.6% | ₹1.2K Cr ▲93.4% | ₹640 Cr |
| Depreciation | ₹4.6K Cr ▲15.7% | ₹4.0K Cr ▲27.7% | ₹3.1K Cr ▲8.9% | ₹2.9K Cr ▲6.4% | ₹2.7K Cr ▲0.6% | ₹2.7K Cr ▼0.8% | ₹2.7K Cr ▲11.1% | ₹2.5K Cr ▲32.6% | ₹1.8K Cr ▲37.1% | ₹1.3K Cr |
| PBT | ₹10.9K Cr ▲45.2% | ₹7.5K Cr ▼20.1% | ₹9.4K Cr ▲27.0% | ₹7.4K Cr ▼13.0% | ₹8.5K Cr ▲6.5% | ₹8.0K Cr ▲54.4% | ₹5.2K Cr ▲49.5% | ₹3.5K Cr ▲5.1% | ₹3.3K Cr ▼14.7% | ₹3.9K Cr |
| Tax % | 25.0% ▲25.0% | 20.0% ▼23.1% | 26.0% ▼18.8% | 32.0% ▲128.6% | 14.0% ▼56.3% | 32.0% ▲390.9% | -11.0% ▼135.5% | 31.0% ▼6.1% | 33.0% ▲10.0% | 30.0% |
| Net Profit | ₹8.2K Cr ▲35.6% | ₹6.0K Cr ▼13.8% | ₹7.0K Cr ▲38.1% | ₹5.1K Cr ▼30.8% | ₹7.3K Cr ▲34.3% | ₹5.5K Cr ▼5.0% | ₹5.8K Cr ▲139.6% | ₹2.4K Cr ▲7.9% | ₹2.2K Cr ▼18.1% | ₹2.7K Cr |
| EPS (₹) | 277.1 ▲35.2% | 204.94 ▼15.5% | 242.65 ▲38.3% | 175.41 ▼31.1% | 254.42 ▲34.4% | 189.26 ▼5.1% | 199.4 ▲127.9% | 87.51 ▲8.1% | 80.92 ▼18.2% | 98.9 |
| Div Payout | 87.0% ▲128.9% | 38.0% ▲31.0% | 29.0% ▲31.8% | 22.0% ▲46.7% | 15.0% ▼25.0% | 20.0% ▲185.7% | 7.0% ▼46.2% | 13.0% ▲0.0% | 13.0% ▲30.0% | 10.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹295 Cr ▲0.0% | ₹295 Cr ▲2.1% | ₹289 Cr ▲0.0% | ₹289 Cr ▲0.0% | ₹289 Cr ▲0.0% | ₹289 Cr ▲0.0% | ₹289 Cr ▲5.1% | ₹275 Cr ▲0.0% | ₹275 Cr ▲0.0% | ₹275 Cr |
| Reserves | ₹71.7K Cr ▲1.9% | ₹70.4K Cr ▲17.5% | ₹59.9K Cr ▲10.9% | ₹54.0K Cr ▲7.8% | ₹50.1K Cr ▲14.3% | ₹43.9K Cr ▲13.2% | ₹38.8K Cr ▲15.8% | ₹33.5K Cr ▲28.2% | ₹26.1K Cr ▲8.3% | ₹24.1K Cr |
| Borrowings | ₹25.2K Cr ▲4.6% | ₹24.1K Cr ▲111.4% | ₹11.4K Cr ▲3.1% | ₹11.1K Cr ▼2.1% | ₹11.3K Cr ▼48.0% | ₹21.7K Cr ▼5.6% | ₹23.0K Cr ▼9.1% | ₹25.3K Cr ▲30.1% | ₹19.5K Cr ▲129.9% | ₹8.5K Cr |
| Other Liabilities | ₹40.1K Cr ▲3.2% | ₹38.8K Cr ▲33.1% | ₹29.2K Cr ▲12.2% | ₹26.0K Cr ▲17.8% | ₹22.1K Cr ▲8.9% | ₹20.3K Cr ▲18.3% | ₹17.2K Cr ▼1.6% | ₹17.4K Cr ▲54.6% | ₹11.3K Cr ▲20.7% | ₹9.3K Cr |
| Total Liabilities | ₹1.4L Cr ▲2.7% | ₹1.3L Cr ▲32.6% | ₹1.0L Cr ▲10.3% | ₹91.4K Cr ▲9.0% | ₹83.8K Cr ▼2.7% | ₹86.2K Cr ▲8.8% | ₹79.2K Cr ▲3.5% | ₹76.5K Cr ▲33.9% | ₹57.1K Cr ▲35.4% | ₹42.2K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹95.9K Cr ▲1.4% | ₹94.6K Cr ▲50.4% | ₹62.9K Cr ▲5.5% | ₹59.6K Cr ▲7.4% | ₹55.5K Cr ▲0.1% | ₹55.4K Cr ▼3.0% | ₹57.2K Cr ▲0.9% | ₹56.6K Cr ▲42.6% | ₹39.7K Cr ▲53.3% | ₹25.9K Cr |
| CWIP | ₹7.2K Cr ▲15.6% | ₹6.2K Cr ▼8.5% | ₹6.8K Cr ▲68.6% | ₹4.0K Cr ▼15.6% | ₹4.8K Cr ▲183.6% | ₹1.7K Cr ▲83.4% | ₹920 Cr ▼20.2% | ₹1.2K Cr ▼23.7% | ₹1.5K Cr ▲64.1% | ₹921 Cr |
| Investments | ₹5.1K Cr ▼1.1% | ₹5.2K Cr ▼37.5% | ₹8.2K Cr ▲13.0% | ₹7.3K Cr ▲15.2% | ₹6.3K Cr ▼48.0% | ₹12.2K Cr ▲105.4% | ₹5.9K Cr ▲103.0% | ₹2.9K Cr ▼46.4% | ₹5.4K Cr ▼18.6% | ₹6.7K Cr |
| Other Assets | ₹29.1K Cr ▲5.0% | ₹27.7K Cr ▲21.1% | ₹22.9K Cr ▲11.7% | ₹20.5K Cr ▲19.0% | ₹17.2K Cr ▲1.8% | ₹16.9K Cr ▲11.1% | ₹15.2K Cr ▼3.7% | ₹15.8K Cr ▲51.0% | ₹10.5K Cr ▲20.4% | ₹8.7K Cr |
| Total Assets | ₹1.4L Cr ▲2.7% | ₹1.3L Cr ▲32.6% | ₹1.0L Cr ▲10.3% | ₹91.4K Cr ▲9.0% | ₹83.8K Cr ▼2.7% | ₹86.2K Cr ▲8.8% | ₹79.2K Cr ▲3.5% | ₹76.5K Cr ▲33.9% | ₹57.1K Cr ▲35.4% | ₹42.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹10.7K Cr ▼2.1% | ₹10.9K Cr ▲20.2% | ₹9.1K Cr ▼2.3% | ₹9.3K Cr ▼25.7% | ₹12.5K Cr ▲39.3% | ₹9.0K Cr ▲50.6% | ₹6.0K Cr ▲53.2% | ₹3.9K Cr ▼22.3% | ₹5.0K Cr ▲10.6% | ₹4.5K Cr |
| Investing CF | ₹-15.8K Cr ▼80.2% | ₹-8.8K Cr ▼22.3% | ₹-7.2K Cr ▼418.5% | ₹2.3K Cr ▲125.5% | ₹-8.9K Cr ▼111.3% | ₹-4.2K Cr ▼459.8% | ₹1.2K Cr ▼37.6% | ₹1.9K Cr ▲174.6% | ₹-2.5K Cr ▲31.9% | ₹-3.7K Cr |
| Financing CF | ₹5.1K Cr ▲363.6% | ₹-1.9K Cr ▼18.1% | ₹-1.6K Cr ▲86.9% | ₹-12.5K Cr ▼186.9% | ₹-4.4K Cr ▲14.2% | ₹-5.1K Cr ▲24.9% | ₹-6.8K Cr ▼17.8% | ₹-5.7K Cr ▼126.2% | ₹-2.5K Cr ▼200.4% | ₹-844 Cr |
| Net Cash Flow | ₹-86 Cr ▼147.0% | ₹183 Cr ▼26.8% | ₹250 Cr ▲126.1% | ₹-958 Cr ▼34.6% | ₹-712 Cr ▼141.4% | ₹-295 Cr ▼181.0% | ₹364 Cr ▲1922.2% | ₹18 Cr ▲158.1% | ₹-31 Cr ▼487.5% | ₹8 Cr |
| Free Cash Flow | ₹1.7K Cr ▼14.4% | ₹2.0K Cr ▼32.1% | ₹3.0K Cr ▼20.8% | ₹3.7K Cr ▼64.9% | ₹10.7K Cr ▲46.3% | ₹7.3K Cr ▲69.1% | ₹4.3K Cr ▲114.9% | ₹2.0K Cr ▼44.9% | ₹3.6K Cr ▲51.9% | ₹2.4K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28d ▲27.3% | 22d ▲0.0% | 22d ▲4.8% | 21d ▲0.0% | 21d ▲5.0% | 20d ▼20.0% | 25d ▼3.8% | 26d ▲4.0% | 25d ▼10.7% | 28d |
| Inventory Days | 255d ▲0.0% | 255d ▲2.8% | 248d ▼3.1% | 256d ▲23.7% | 207d ▼11.5% | 234d ▲9.3% | 214d ▼5.3% | 226d ▲15.9% | 195d ▼3.9% | 203d |
| Days Payable | 248d ▼4.6% | 260d ▼4.1% | 271d ▲0.7% | 269d ▲15.0% | 234d ▲24.5% | 188d ▲13.9% | 165d ▲0.0% | 165d ▲10.0% | 150d ▲5.6% | 142d |
| Cash Conv. Cycle | 35d ▲105.9% | 17d | 0d ▼100.0% | 9d ▲250.0% | -6d ▼109.1% | 66d ▼10.8% | 74d ▼14.9% | 87d ▲24.3% | 70d ▼21.3% | 89d |
| Working Capital Days | -64d ▼23.1% | -52d ▲7.1% | -56d ▲0.0% | -56d ▲32.5% | -83d ▼38.3% | -60d ▼25.0% | -48d ▲4.0% | -50d ▼31.6% | -38d ▲54.2% | -83d |
| ROCE | 11.0% ▼26.7% | 15.0% ▲15.4% | 13.0% ▼7.1% | 14.0% ▼6.7% | 15.0% ▲25.0% | 12.0% ▲20.0% | 10.0% ▼16.7% | 12.0% ▼14.3% | 14.0% ▲7.7% | 13.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About UltraTech Cement Limited
UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe.[1]
Construction Materials · Cement & Cement Products