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UltraTech Cement Ltd share Price

Company details

6M Return 11.12%
1Y Return 33.22%
Mkt Cap.(Cr) 237,556.82
Volume 515,796
Div Yield 0.46%
OI Chg %
Volume 515,796

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About The Stock

    Ultratech is the largest cement manufacturer in India with a domestic capacity of 114.5MT (over 23% of total market) with a leadership position in most regions (excluding East). It has grown through organic and inorganic routes and added around ~30MT of capacity in the last 3 years.

    • It has shown its capability to successfully integrate the acquired assets and ramped-up its utilisations in a profitable manner.

    The co. is now focussing on fast growing market of eastern India, which accounts for 10.2MT of its total 19.6MT planned expansion over FY21-FY23E

Q3FY22 Results

    Ultratech results were weak on margin front due to sharp cost escalations on power, fuel and freight front.

    • Clocked revenue of ₹12,471 crore, up 5.4% YoY, 8.0% QoQ. Domestic sales volume were at 21.9MT (down 4.1% YoY). Demand in across all regions except North remained muted due to unseasonal rains and festive season.
    • EBITDA margin was down by 707bps YoY (down 470bps QoQ) to 17.8%. EBITDA/t came in at ₹1015/t (vs. I-direct est: ₹ 1128/t)
    • PAT were higher at ₹1,632 crore, up 5.2% YoY (vs. our est: ₹1,216 crore) due to positive tax adjustments and lower interest outgo

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UltraTech Cement announced consolidated Q1FY24 results:

  • Net Sales stood at Rs 17,519 crore vis-a-vis Rs 15,007 crore over Q1FY23.
  • Profit before interest, depreciation and tax was Rs 3,223 crore compared to Rs 3,204 crore in Q1FY23.
  • Profit after tax was Rs 1,688 crore compared to Rs 1,584 crore in Q1FY23.
  • The Company achieved capacity utilisation of 89% as against 83% during Q1FY23.
  • Domestic sales volume registered 20% growth YoY.
  • The Company's total grey cement manufacturing capacity in India now stands at 131.25 MTPA.



Result PDF

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Investment recommendation
Call Date
23 Jan 2023
Entry Price 6,850.00
Target Price 8,050.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

UltraTech Cement Ltd Stocks COMPARISION


Equity Capital: 52,936.86 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
UltraTech Cement Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 25, 2023 l NSE Announcement

UltraTech Cement enters into a land deal with India Cement

Sep 21, 2023 l BSE Announcement

UltraTech Cement Limited - Loss of Share Certificates

Sep 21, 2023 l NSE Announcement

Date Action Type Ratio
Jul 27, 2023 Dividend 380
Aug 02, 2022 Dividend 380
Aug 02, 2021 Dividend 370

UltraTech Cement Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • UltraTech Cement Ltd. is the cement flagship company of the Aditya Birla Group. It is India’s largest manufacturer of ready mix concrete (RMC) and grey cement and one of the largest manufacturers of white cement. It was incorporated in 1983 with its headquarters in Mumbai. The total revenue for the FY 2021-2022 was Rs 53,106.64 crore. The company’s annual revenue growth was 16.82%, which outperformed its three-year CAGR of 7.99%. UltraTech Cement Ltd.’s market capitalisation was worth Rs 192,770 crore on 8 August 2022.  

    UltraTech Cement Ltd.’s share is listed on the Bombay Stock Exchange with the code 532538, and on the National Stock Exchange with the code ULTRACEMCO. 

    The company is the world’s third-largest producer of cement, excluding China. It is the only cement manufacturing company in the world, outside of China, to have a manufacturing capacity of over 100 million tonnes per annum in one country. UltraTech is sold in the market under the brand name Birla White. The company has captured a market reach of over 80% across India.  

    As per the company’s shareholding pattern on 30 June 2022, the promoters hold a 59.96% stake, foreign institutional investors hold a 13.12% stake, domestic institutional investors hold an 18.21% stake, and the public holds an 8.62% stake. Grasim Industries Ltd. is the leading promoter with a 57.27% share. In the June 2022 quarter, mutual funds have increased holdings from 11.36% to 12.80%.  

    The company’s chairman is Mr Kumar Mangalam Birla. The other directors include Mr S B Mathur, Mr Arun Adhikari, Mrs Rajashree Birla, Mr Sunil Duggal, Mrs Sukanya Kripalu, Mr Atul Daga, Mr K K Maheshwari, Mr K C Jhanwar, and Mrs Alka Bharucha. The auditors are BSR & Co. LLP, KKC & Associates LLP, and Khimji Kunverji & Co. LLP. 

    On 8 August 2022, UltraTech Cement Ltd.’s share price closed at Rs 6,669.85 on BSE and at Rs 6,677.85 on NSE. The 52-week low for UltraTech Cement Ltd.’s share price was Rs 5,157.05, and the 52-week high for the company’s share price was Rs 8269.  

    The company’s peers include Shree Cements Ltd., Ambuja Cements Ltd., Dalmia Bharat Ltd., and ACC Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

B Wing Ahura Centre 2nd Flr, Mahakali Caves Road Andheri(E), Mumbai, Maharashtra, 400093

Tel : 91-22-66917800
Email : sharesutcl:adityabirla.com
Website : http://www.ultratechcement.com

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532538
Book Closure Date (Month) :
BSE Group : A
ISIN : INE481G01011

FAQ’s on UltraTech Cement Ltd Shares

You can buy UltraTech Cement Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy UltraTech Cement Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 03:58 PM the closing price of UltraTech Cement Ltd was ₹ 8,228.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 03:58 PM, the market cap of UltraTech Cement Ltd stood at ₹ 237,556.82.

The latest PE ratio of UltraTech Cement Ltd as of Sep 26, 2023 03:58 PM is 45.95

The latest PB ratio of UltraTech Cement Ltd as of Sep 26, 2023 03:58 PM is 0.23

The 52-week high of UltraTech Cement Ltd is ₹ 8,750.95 while the 52-week low is ₹ 6,005.00

According to analyst recommendations, UltraTech Cement Ltd has a “Buy” rating for the long term.

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