ULTRACEMCO · NSE
UltraTech Cement Limited
₹11,014
+2.32% (+₹250)
Prev. close
₹10,764
Volume
4,58,848
Delivery %
69.8%
As of
18 Sept 2026
Price history
InCred Equities Analysis · InCred Equities · 11 Jul 2026
“Bullish on UltraTech Cement with a target price of Rs 14,215, implying an upside of 23% from its current market price of Rs 11,524. This is part of selective opportunities identified in the large cap space amid a volatile 2026.”
Published mid-session at 09:34 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
3 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Overweight rating on UltraTech Cement, representing the materials sector, despite the stock delivering a negative 11% re…” | Morgan Stanley AnalysisMorgan Stanley India | UltraTech Cement | PENDING | ||||
| “UltraTech Cement is seen reaching Rs 13,920, implying a 20% upside over the next 12 months from its current Rs 11,619. T…” | ETMarkets AnalysisETMarkets.com | UltraTech Cement | PENDING | ||||
| “Bullish on UltraTech Cement with a target price of Rs 14,215, implying an upside of 23% from its current market price of…” | InCred Equities AnalysisInCred Equities | UltraTech Cement | PENDING | ||||
“Bullish on UltraTech Cement with a target price of Rs 14,215, implying an upside of 23% from its current market price of Rs 11,524. This is part of selective opportunities identified in the large cap space amid a volatile 2026.” Target ₹14,215Track opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About UltraTech Cement Limited
UltraTech Cement Limited, together with its subsidiaries, engages in the manufacturing, marketing, and distribution of building materials in India and internationally. It offers grey cement, including ordinary Portland, composite, and weather plus, as well as Portland pozzolana, pozzolana super, and slag cement; white cement, wall care putty, and value-added products; and ready-mix concrete. The company also provides tile adhesives, gouts, cleaners, and fixing accessories; waterproof coatings, preformed membranes, and repair and integral waterproofing solutions; and ready-mix plasters and industrial and precision grouts. It also provides building solutions and support services; and infrastructure solutions, such as decorative, durability multiplayer, smart repair, advance structural, and floor and slab solutions. The company was formerly known as UltraTech CemCo Limited and changed its name to UltraTech Cement Limited in October 2004. UltraTech Cement Limited was incorporated in 2000 and is based in Mumbai, India. The company operates as a subsidiary of Grasim Industries Limited.
Details
Sector
Basic Materials
Industry
Building Materials
CEO
Mr. Kailash Chandra Jhanwar B.Com, C.S (Inter), FCA
Headquarters
Mumbai
Employees
28,399
Website
ultratechcement.comExchange
View on NSE ↗Key stats
Market cap
₹3.24 L Cr
P/E ratio (TTM)
37.9
Dividend yield
2.23%
EPS (TTM)
₹290.63
Beta (1Y · daily vs NIFTY 50)
1.28
Beta (5Y · monthly vs NIFTY 50)
1.23
Shares float
11.37 Cr
EPS · quarter ended Jun 2026
₹88.31
Upcoming earnings
19 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹44,725.80 Cr | ₹52,598.83 Cr | ₹63,239.98 Cr | ₹70,908.14 Cr | ₹75,955.13 Cr | ₹88,511.53 Cr | |
| EBITDA | ₹12,041.34 Cr | ₹12,022.16 Cr | ₹11,122.93 Cr | ₹13,513.51 Cr | ₹13,204.19 Cr | ₹17,459.19 Cr |
| ₹5,463.10 Cr | ₹7,344.31 Cr | ₹5,063.96 Cr | ₹7,005.00 Cr | ₹6,039.11 Cr | ₹8,165.64 Cr | |
| Diluted EPS | ₹189.33 | ₹254.53 | ₹175.54 | ₹242.87 | ₹205.13 | ₹277.45 |
EBITDA for at least one year shown could not be independently verified against the company's own annual report — the two sources disagree for at least one overlapping year, so the year(s) this deck cannot verify are left blank rather than shown with an unverified number.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹86,183.51 Cr | ₹83,827.79 Cr | ₹91,386.96 Cr | ₹1.01 L Cr | ₹1.34 L Cr | ₹1.41 L Cr | |
| ₹21,719.39 Cr | ₹11,298.80 Cr | ₹11,057.74 Cr | ₹11,402.95 Cr | ₹24,102.18 Cr | ₹23,755.09 Cr | |
| Stockholders' equity | ₹43,886.03 Cr | ₹50,143.54 Cr | ₹54,321.54 Cr | ₹60,227.48 Cr | ₹70,706.77 Cr | ₹76,623.54 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹12,505.95 Cr | ₹9,283.24 Cr | ₹9,068.51 Cr | ₹10,897.54 Cr | ₹10,673.43 Cr | ₹15,315.86 Cr | |
| Investing cash flow | ₹-8,118.68 Cr | ₹2,257.01 Cr | ₹-7,187.07 Cr | ₹-8,788.12 Cr | ₹-16,504.45 Cr | ₹-9,480.08 Cr |
| ₹-4,388.74 Cr | ₹-11,596.45 Cr | ₹-1,631.00 Cr | ₹-1,925.65 Cr | ₹5,075.76 Cr | ₹-5,953.57 Cr | |
| Capital expenditure | ₹-1,924.87 Cr | ₹-5,613.41 Cr | ₹-6,200.11 Cr | ₹-9,005.59 Cr | ₹-9,129.33 Cr | ₹-9,677.77 Cr |
| End cash position | ₹177.21 Cr | ₹120.54 Cr | ₹370.37 Cr | ₹553.58 Cr | ₹467.21 Cr | ₹354.48 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22–Jun 22(2Q) | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24–Sep 24(2Q) | Dec 24 | Mar 25–Jun 25(2Q) | Sep 25 | Dec 25 | Mar 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.96% | 59.96% | 59.96% | 59.96% | 59.96% | 59.96% | 59.96% | 59.96% | 59.96% | 59.95% | 59.99% | 60.00% | 59.23% | 59.23% | 59.29% | 59.33% |
| Public | 39.95% | 39.94% | 39.95% | 39.91% | 39.91% | 39.90% | 39.90% | 39.86% | 39.87% | 39.87% | 39.84% | 39.81% | 40.59% | 40.57% | 40.53% | 40.50% |
| Employee trusts | 0.09% | 0.10% | 0.09% | 0.14% | 0.13% | 0.15% | 0.14% | 0.18% | 0.18% | 0.17% | 0.17% | 0.19% | 0.18% | 0.20% | 0.18% | 0.17% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| Lloyds Metals And Energy Limited | ₹1.02 L Cr | ₹1,799.3 | 21.1 | 7.35 | 26.5% | 1.49 | +153.9% | +34.2% |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 23
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
65 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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