Construction Materials · NIFTY 50
UltraTech Cement Limited
NSEULTRACEMCO
BSE532538 ISININE481G01011 SeriesEQ Listed on NSE · BSE
₹12,337.00 -25.00 (-0.20%) Updated 12 Nov, 9:19 pm IST
Price, daily close+5.34% in a year
Today
- Open
- ₹12,350.00
- Prev close
- ₹12,362.00
- Day high
- ₹12,381.00
- Day low
- ₹12,279.00
- Volume
- 1.55 L
- Value traded
- ₹190.77 Cr
- Upper circuit
- ₹12,670.00
- Lower circuit
- ₹11,932.00
- 52W high
- ₹13,110.00
- 52W low
- ₹10,325.00
- 1 month
- +19.41%
- 6 months
- +4.92%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹363,547 Cr
P/E (TTM)41.26
P/B4.94
Book value / share₹2,497.19
EPS (TTM)₹299.03
ROE12.0%
Dividend yield1.95%
Dividend (12m)₹240.00 / share
Net margin (TTM)9.2%
Operating margin15.9%
Debt / equity0.39
Current ratio0.68
EV / EBITDA21.61
Sales growth (YoY qtr)+18.81%
Profit growth (YoY qtr)+21.29%
Sales CAGR 3Y+11.86%
Profit CAGR 3Y+17.19%
Shares29.47 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+22%-12%-13%+10.0%+34%-7.8%-7.8%+11%+18%-4.5%-5.5%
Revenue · YoY (vs a year ago)
————+2.7%+13%+18%+25%+27%+12%+16%+19%
Net profit · QoQ (vs last quarter)
—+27%-25%-52%+79%+69%-10%-45%+40%+73%-13%-43%
Net profit · YoY (vs a year ago)
————-17%+9.9%+31%+50%+17%+20%+17%+21%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————-17%+7.7%+29%+47%+15%+20%+17%+21%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16,740 | 20,419 | 18,070 | 15,635 | 17,193 | 23,063 | 21,275 | 19,607 | 21,830 | 25,799 | 24,648 | 23,295 |
| Other income | 140 | 136 | 166 | 221 | 244 | 102 | 180 | 174 | 136 | 87.6 | 130 | 111 |
| Total income | 16,880 | 20,555 | 18,235 | 15,855 | 17,438 | 23,165 | 21,456 | 19,781 | 21,965 | 25,887 | 24,778 | 23,406 |
| Raw material | 2,506 | 2,839 | 2,767 | 2,570 | 2,768 | 3,530 | 3,433 | 3,384 | 3,678 | 4,074 | 4,129 | 4,208 |
| Purchases | 378 | 498 | 439 | 474 | 636 | 583 | 535 | 579 | 594 | 808 | 710 | 841 |
| Employee cost | 769 | 749 | 738 | 914 | 850 | 982 | 972 | 1,064 | 1,041 | 1,084 | 1,106 | 1,163 |
| Other expenses | 10,061 | 11,746 | 11,068 | 9,786 | 10,160 | 13,114 | 12,074 | 11,557 | 12,470 | 14,039 | 13,822 | 13,749 |
| Total expenses | 14,531 | 17,381 | 16,128 | 14,837 | 15,605 | 20,044 | 18,405 | 18,120 | 19,589 | 21,894 | 21,286 | 21,339 |
| Operating profit | 3,255 | 4,042 | 3,072 | 2,018 | 2,887 | 4,609 | 4,372 | 3,094 | 3,826 | 5,589 | 5,002 | 3,715 |
| OPM % | 19.4% | 19.8% | 17.0% | 12.9% | 16.8% | 20.0% | 20.5% | 15.8% | 17.5% | 21.7% | 20.3% | 15.9% |
| Finance cost | 262 | 261 | 256 | 317 | 382 | 475 | 433 | 459 | 492 | 487 | 453 | 552 |
| Depreciation | 783 | 815 | 843 | 904 | 917 | 1,125 | 1,107 | 1,148 | 1,182 | 1,208 | 1,201 | 1,213 |
| Exceptional items | — | -72.0 | 32.5 | — | — | -9.4 | -38.4 | — | -89.2 | -10.9 | -13.3 | -6.3 |
| Profit before tax | 2,349 | 3,101 | 2,139 | 1,018 | 1,833 | 3,112 | 3,012 | 1,662 | 2,287 | 3,982 | 3,479 | 2,061 |
| Tax | 580 | 852 | 447 | 191 | 358 | 626 | 787 | 418 | 554 | 981 | 877 | 557 |
| Net profit | 1,775 | 2,259 | 1,695 | 825 | 1,474 | 2,475 | 2,221 | 1,238 | 1,729 | 3,000 | 2,604 | 1,501 |
| Profit to shareholders | 1,777 | 2,258 | 1,697 | 820 | 1,470 | 2,482 | 2,226 | 1,232 | 1,725 | 2,983 | 2,599 | 1,494 |
| EPS (₹) | 61.61 | 78.29 | 58.82 | 28.43 | 50.94 | 84.31 | 75.61 | 41.84 | 58.62 | 101.35 | 88.31 | 50.75 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—+13%+6.2%+18%+20%+12%+7.1%+17%
Net profit · YoY (vs a year ago)
—+139%-6.0%+34%-31%+38%-14%+35%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37,379 | 42,125 | 44,726 | 52,599 | 63,240 | 70,908 | 75,955 | 88,512 |
| Other income | 438 | 648 | 734 | 508 | 503 | 617 | 744 | 578 |
| Total expenses | 34,279 | 37,529 | 37,344 | 44,744 | 56,331 | 62,053 | 69,063 | 78,007 |
| Employee cost | 2,059 | 2,509 | 2,353 | 2,535 | 2,739 | 3,038 | 3,605 | 4,162 |
| Operating profit | 6,788 | 9,284 | 11,307 | 11,514 | 10,620 | 12,897 | 12,460 | 16,882 |
| OPM % | 18.2% | 22.0% | 25.3% | 21.9% | 16.8% | 18.2% | 16.4% | 19.1% |
| Finance cost | 1,549 | 1,986 | 1,486 | 945 | 823 | 968 | 1,651 | 1,872 |
| Depreciation | 2,140 | 2,702 | 2,700 | 2,715 | 2,888 | 3,145 | 4,015 | 4,644 |
| Profit before tax | 3,538 | 5,244 | 7,855 | 8,363 | 7,412 | 9,400 | 7,539 | 10,943 |
| Tax | 1,107 | -568 | 2,539 | 1,190 | 2,343 | 2,418 | 1,488 | 2,739 |
| Tax rate % | 31.3% | -10.8% | 32.3% | 14.2% | 31.6% | 25.7% | 19.7% | 25.0% |
| Net profit | 2,432 | 5,810 | 5,462 | 7,334 | 5,073 | 7,004 | 6,040 | 8,188 |
| Profit to shareholders | 2,435 | 5,815 | 5,463 | 7,344 | — | 7,005 | 6,039 | 8,166 |
| Net margin % | 6.5% | 13.8% | 12.2% | 14.0% | 8.0% | 9.9% | 8.0% | 9.2% |
| EPS (₹) | 88.69 | 201.55 | 189.33 | 254.53 | 175.54 | 242.87 | 205.13 | 277.45 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+11%+17%+8.4%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 54,380 | 60,227 | 70,707 | 76,624 | 73,587 |
| Long-term borrowings | 5,356 | 5,308 | 15,781 | 15,019 | 17,569 |
| Short-term borrowings | 4,544 | 4,991 | 7,250 | 7,762 | 10,842 |
| Total borrowings | 9,901 | 10,298 | 23,031 | 22,781 | 28,411 |
| Current liabilities | 23,432 | 26,906 | 32,365 | 33,832 | 37,882 |
| Fixed assets (PPE) | 46,480 | 50,126 | 76,015 | 80,283 | 83,658 |
| Inventories | 6,612 | 8,330 | 9,563 | 9,694 | 11,400 |
| Trade receivables | 3,867 | 4,278 | 5,890 | 6,029 | 6,315 |
| Cash & equivalents | 370 | 554 | 467 | 354 | 144 |
| Current assets | 20,725 | 23,143 | 23,600 | 25,102 | 25,944 |
| Total assets | 91,387 | 100,802 | 133,697 | 141,376 | 145,099 |
| Debt / equity | 0.18 | 0.17 | 0.33 | 0.30 | 0.39 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-2.3%+20%-2.1%+43%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 9,283 | 9,069 | 10,898 | 10,673 | 15,316 |
| Cash from investing | 2,257 | -7,187 | -8,788 | -16,504 | -9,480 |
| Cash from financing | -11,596 | -1,631 | -1,926 | 5,076 | -5,954 |
| Spent on fixed assets | -5,613 | -6,200 | -9,006 | -9,129 | -9,678 |
| Free cash flow | 3,670 | 2,868 | 1,892 | 1,544 | 5,638 |
| Net cash flow | -56.2 | 250 | 184 | -755 | -118 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
58.5%promoter
- Promoter & group
- 58.48%
- Public (FIIs, mutual funds, retail…)
- 41.31%
- Employee trusts
- 0.21%
- Promoter change, last quarter
- -0.85 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 240 Per Share
- Dividend - Rs 77.50 Per Sh
- Annual General Meeting/Dividend - Rs 70 Per Share
- Annual General Meeting/Dividend - Rs 38 Per Share
- Annual General Meeting/Dividend - Rs 38 Per Share
- Annual General Meeting/Dividend - Rs 37 Per Share
- Annual General Meeting/Dividend - Rs 13 Per Share
- Annual General Meeting/Dividend - Rs 11.50 Per Share
Board meetings
- UltraTech Cement Limited has informed the Exchange about Board Meeting to be held on 19-Oct-2026 to inter-alia consider and approve the Unaudited Fin…
- UltraTech Cement Limited has informed the Exchange about Board Meeting to be held on 19-Oct-2026 to inter-alia consider and approve the Unaudited Fin…
- the financial results for the period ended September 30, 2026
- Fund raising.
- Fund raising.
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Updates
- Copy of Newspaper Publication
- Analysts/Institutional Investor Meet/Con. Call Updates
- Updates
- Copy of Newspaper Publication
- Copy of Newspaper Publication
Latest news
Ultratech Cement Share Price - Live NSE: ULTRACEMCO Stock Price & ChartUpstox · 10 Nov, 9:22 amUltraTech Cement to host investor meet on November 16, 2026scanx.trade · 11 Nov, 5:18 pmUltraTech Cement shares rise 2% post Q1; analysts see up to 14% upsideBusiness Standard · 21 Jul, 12:30 pmUltraTech Cement shares rise 2% post-Q2 results; brokerages divided on outlook amid fuel and energy cost...Moneycontrol.com · 21 Oct, 12:30 pmUltraTech Cement Share Price Gains 3% Intraday; Brokerages SplitNiftyTrader · 21 Oct, 12:30 pmUltraTech Cement shares down 11% in a year: InCred Equities says recovery ahead | Check target, upside, rationaleTradingView · 22 Oct, 12:30 pmUltraTech Cement shares: Brokerage sees 34% upside; points to C&W foray as positiveBusiness Today · 3 Sep, 12:30 pmUltraTech Cement shares jump 3% after Q2 results; Should you buy, hold or book profits?Zee Business · 21 Oct, 12:30 pmAbout
About UltraTech Cement Limited
UltraTech Cement Limited is an Indian multinational cement company based in Mumbai. It is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India, and the fifth largest in the world, with an installed capacity of 152.70 million tonnes per annum and 119 million tonnes per annum sales volume.
From Wikipedia (CC BY-SA 4.0).
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Company details
- Company name
- UltraTech Cement Limited
- NSE symbol
- ULTRACEMCO
- BSE scrip code
- 532538
- ISIN
- INE481G01011
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 24 Aug 2004
- Face value
- ₹10 per share
- Market lot
- 1 share
- Shares issued
- 29.47 crore
- Index
- NIFTY 50, NIFTY 500
- Sector (NSE)
- Construction Materials
- Industry
- Construction Materials
- Managing director / CEO
- K. C. Jhanwar
- Chair
- Kumar Mangalam Birla
- Headquarters
- Mumbai, Maharashtra, India
- Registered address
- B-Wing, Ahura Centre, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093
- Founded
- 1983
- Employees
- 95,490
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- ultratechcement.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.