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Ultratech Cement Ltd.

Construction MaterialsCement & Construction Materials

www.ultratechcement.com / www.adityabirla.com BSE: 532538NSE: ULTRACEMCO

₹10,967.80BSE0.13%

23 Oct, 9:39 AM

₹10,967.80

₹3.23L Cr

36.75

4.39

11.14%

₹11,004.80

₹10,885.05

₹13,104.00

₹10,329.00

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Price Performance

Peer Comparison

Name
Ultratech Cement Ltd. ULTRACEMCO	10,967.80	36.75	3,23,410.39	2.19	1,501.38	21.28%	23,295.07	18.81%	13.25
AMBUJA CEME AMBUJACEM	360.85	20.19	89,664.63	0.56	660.00	-36.60%	9,500.00	-7.67%	6.24
SHREE CEMENT SHREECEM	22,150.00	49.38	79,918.86	0.67	531.12	-17.48%	6,233.13	18.03%	10.61
JK CEMENT JKCEMENT	4,819.50	39.69	37,239.43	0.41	274.62	-15.31%	4,031.72	20.26%	14.89
DALBHARAT DALBHARAT	1,617.35	32.55	30,335.98	0.56	192.00	-51.39%	3,890.00	6.99%	8.15
ACC LTD ACC	1,165.35	11.68	21,883.79	0.63	147.00	-60.80%	5,808.00	-8.22%	11.60
RAMCOCEM RAMCOCEM	753.65	27.95	17,808.18	0.33	31.24	-63.06%	2,273.05	9.60%	10.75
JSWCEMENT JSWCEMENT	114.15	20.59	15,562.81	0.44	153.43	111.23%	1,896.41	21.58%	-4.21

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	18,818.56	16,294.42	17,778.83	23,063.32	21,275.45	19,606.93	21,829.68	25,799.47	24,648.20	23,295.07
Expenses	15,801.46	14,267.24	14,884.10	18,444.88	16,865.11	16,512.59	17,914.44	20,199.16	19,632.75	19,573.78
	3,017.10	2,027.18	2,894.73	4,618.44	4,410.34	3,094.34	3,915.24	5,600.31	5,015.45	3,721.29
	16.03%	12.44%	16.28%	20.03%	20.73%	15.78%	17.94%	21.71%	20.35%	15.97%
	80.42	226.22	247.32	92.78	141.85	174.14	46.35	76.62	117.02	104.60
Interest	325.76	392.99	456.75	475.04	433.30	459.29	492.20	486.92	452.93	551.75
	917.93	979.67	992.78	1,124.57	1,106.78	1,147.68	1,181.90	1,208.10	1,200.51	1,213.35
	1,856.72	879.30	1,691.27	3,100.84	3,007.80	1,655.83	2,283.02	3,980.54	3,480.43	2,058.58
	19.57%	19.49%	19.38%	20.19%	26.16%	25.24%	24.25%	24.63%	25.19%	27.07%
	1,494.82	702.82	1,359.43	2,482.04	2,225.90	1,231.58	1,725.40	2,982.76	2,599.28	1,493.77
	51.78	24.34	47.09	84.23	75.54	41.79	58.55	101.22	88.21	50.69

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	59,469.93	71,497.46	80,934.36	90,564.11	1,04,783.74
	52,598.83	63,239.98	70,908.14	75,955.13	88,511.53
EXPENDITURE :
Increase/Decrease in Stock	-383.16	-518.21	-83.35	12.27	103.35
Raw Material Consumed	8,348.15	10,233.17	11,986.27	13,691.46	17,085.01
Power & Fuel Cost	12,137.26	18,491.32	18,283.32	18,419.15	19,597.16
Employee Cost	2,534.68	2,738.97	3,037.58	3,604.59	4,162.44
Other Manufacturing Expenses	3,889.67	4,344.34	4,898.17	5,474.61	6,155.61
General and Administration Expenses	461.51	566.69	612.98	611.00	693.17
Selling and Distribution Expenses	12,831.03	15,305.25	17,468.38	18,975.61	21,006.89
Miscellaneous Expenses	1,323.04	1,530.55	1,832.09	2,709.91	2,796.51
Less: Expenses Capitalised	57.70	71.95	95.86	100.92	108.84
	41,084.48	52,620.13	57,939.58	63,397.68	71,491.30
Operating Profit (Excl OI)	11,514.35	10,619.85	12,968.56	12,557.45	17,020.23
	507.81	503.08	616.95	744.17	577.51
	12,022.16	11,122.93	13,585.51	13,301.62	17,597.74
Interest	944.71	822.72	968.00	1,650.54	1,871.71
PBDT	11,077.45	10,300.21	12,617.51	11,651.08	15,726.03
	2,714.75	2,887.99	3,145.30	4,014.95	4,644.46
Profit Before Taxation & Exceptional Items	8,362.70	7,412.22	9,472.21	7,636.13	11,081.57
Exceptional Income / Expenses			-72.00	-97.43	-138.55
	8,364.40	7,416.25	9,422.22	7,528.13	10,927.19
Provision for Tax	1,190.06	2,342.85	2,418.26	1,488.49	2,738.84
	7,174.34	5,073.40	7,003.96	6,039.64	8,188.35
Extra items			0.00	0.00	0.00
Minority Interest	10.05	-9.44	1.04	-0.53	-22.71
Consolidated Net Profit	7,344.31	5,063.96	7,005.00	6,039.11	8,165.64
Profit Balance B/F	6,573.56	8,053.73	9,046.30	9,924.60	11,039.41
Appropriations	13,917.87	13,117.69	16,051.30	15,963.71	19,205.05
Equity Dividend %	380.00%	380.00%	700.00%	775.00%	2,400.00%
	254.42	175.41	242.65	204.94	277.10
Adjusted EPS	254.42	175.41	242.65	204.94	277.10

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	288.67	288.69	288.69	294.68	294.68
Share Warrants & Outstandings	49.71	80.18	121.97	175.02	190.83
Total Reserves	50,096.89	53,955.67	59,816.82	70,237.07	76,138.03
Reserve excluding Revaluation Reserve	50,096.89	53,955.67	59,816.82	70,237.07	76,138.03
	50,435.27	54,324.54	60,227.48	70,706.77	76,623.54
Minority Interest	-3.06	55.63	55.94	3,186.59	4,088.90
Secured Loans	659.04	668.10	672.48	1,755.28	1,235.90
Unsecured Loans	4,643.96	4,688.31	4,635.30	14,025.49	13,782.92
Deferred Tax Assets / Liabilities	6,016.89	6,253.55	6,442.88	9,514.35	9,829.11
Other Long Term Liabilities	1,286.31	1,334.27	1,186.50	1,186.52	988.07
Long Term Provisions	617.84	624.21	670.57	892.09	934.96
Total Non-Current Liabilities	13,224.04	13,568.44	13,607.73	27,373.73	26,770.96
Trade Payables	5,862.83	7,209.30	8,478.33	9,327.48	10,236.71
Other Current Liabilities	9,245.67	11,174.39	11,745.43	14,040.91	14,218.58
Short Term Borrowings	4,271.42	3,477.25	4,441.23	6,656.79	6,588.42
Short Term Provisions	775.27	1,570.85	2,240.97	2,339.79	2,787.99
Total Current Liabilities	20,155.19	23,431.79	26,905.96	32,364.97	33,831.70
Total Liabilities	83,811.44	91,380.40	1,00,797.11	1,33,632.06	1,41,315.10
Gross Block	70,001.96	76,956.77	83,280.50	1,18,631.11	1,27,472.59
Less: Accumulated Depreciation	14,514.39	17,377.77	20,402.89	24,066.89	28,679.04
Net Block	55,487.57	59,579.00	62,877.61	94,564.22	98,793.55
Capital Work in Progress	4,777.25	4,034.91	6,782.77	6,188.27	8,275.87
Non Current Investments	1,372.43	1,460.35	2,764.15	2,297.40	3,003.89
Long Term Investment	1,372.43	1,460.35	2,764.15	2,297.40	3,003.89
Long Term Loans & Advances	3,736.05	4,626.82	4,012.00	4,286.43	2,886.91
Other Non Current Assets	941.25	930.94	1,173.80	2,512.62	2,641.04
Total Non-Current Assets	66,321.97	70,637.50	77,638.74	1,09,894.86	1,16,067.66
Currents Investments	4,963.34	5,836.60	5,484.80	2,859.07	3,735.62
Inventories	5,595.58	6,611.83	8,329.74	9,562.98	9,694.28
Sundry Debtors	3,071.61	3,867.02	4,278.16	5,890.25	6,028.75
Cash and Bank	359.18	1,149.59	783.21	1,673.32	1,384.35
Other Current Assets	1,822.71	1,427.78	1,565.55	1,533.27	1,433.78
Short Term Loans and Advances	1,667.52	1,832.06	2,702.01	2,080.62	2,824.97
Total Current Assets	17,479.94	20,724.88	23,143.47	23,599.51	25,101.75
Net Current Assets (Including Current Investments)	-2,675.25	-2,706.91	-3,762.49	-8,765.46	-8,729.95
Total Assets	83,811.44	91,380.40	1,00,797.11	1,33,632.06	1,41,315.10
Contingent Liabilities	4,955.56	4,632.44	4,749.92	5,328.95	6,074.14
Total Debt	10,202.84	9,900.78	10,298.39	23,030.99	22,780.66
	1,745.44	1,878.98	2,082.01	2,393.50	2,593.75
Adjusted Book Value	1,745.44	1,878.98	2,082.01	2,393.50	2,593.75

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	8,364.40	7,416.25	9,422.22	7,528.13	10,927.19
Adjustment	2,946.75	3,113.52	3,606.89	5,117.00	5,922.53
Changes In working Capital	-473.02	-336.95	-481.05	-671.07	-233.17
Cash Flow after changes in Working Capital	10,838.13	10,192.82	12,548.06	11,974.06	16,616.55
Cash Flow from Operating Activities	9,283.24	9,068.51	10,897.54	10,673.43	15,315.86
Cash Flow from Investing Activities	2,257.01	-7,187.07	-8,788.12	-16,504.45	-9,480.08
Cash Flow from Financing Activitie	-12,497.93	-1,631.00	-1,925.65	5,075.76	-5,953.57
Net Cash Inflow / Outflow	-957.68	250.44	183.77	-755.26	-117.79
Opening Cash & Cash Equivalents	1,078.69	120.54	370.37	553.58	467.21
Cash & Cash Equivalent on Amalgamation / Take over / Merger				665.10
Effect of Foreign Exchange Fluctuations	-0.47	-0.61	-0.56	3.79	5.06
Closing Cash & Cash Equivalent	120.54	370.37	553.58	467.21	354.48

Ratios

Valuation

36.75

4.39

18.71

3.38

298.67

2,497.20

Profitability

11.14

13.25

5.96

16.24

7.81

Leverage & Liquidity

0.30

0.74

6.84

Returns

2.19

0.76

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	59.99	59.99	60.00	59.23	59.23	59.23	59.29	59.33	59.33	58.48
	32.59	32.10	32.08	32.01	32.62	32.03	31.94	32.08	32.59	33.11
	7.48	7.41	7.42	8.21	8.15	8.25	8.28	8.08	8.08	7.93
	40.01	39.49	39.50	40.23	40.77	40.28	40.21	40.17	40.67	41.02
No. of Shareholders	3,53,565	3,56,405	3,59,710	3,94,462	4,06,118	4,09,266	4,12,518	4,09,350	4,16,693	4,16,451

Mutual Funds Invested(463)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 292 active funds hold 7.22% in Ultratech Cement Ltd., contributing to ₹23.32K Cr of holdings

Fund				As of
SB SBI Nifty 50 ETFIndex	2,515.29	1.24	22,95,807	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	2,232.51	2.92	20,37,703	Sep '26
SB SBI BSE Sensex ETFIndex	1,737.98	1.50	15,83,581	Sep '26
KO Kotak Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	1,506.45	2.84	13,75,000	Sep '26
IP ICICI Prudential Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	1,022.36	3.23	9,33,155	Sep '26
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	945.71	0.87	8,63,185	Sep '26
UT UTI Nifty 50 ETFIndex	862.57	1.24	7,87,308	Sep '26
IP ICICI Prudential Value Fund - Growth - Direct PlanEquity - Value Fund	819.58	1.43	7,48,064	Sep '26
UT UTI BSE Sensex ETFIndex	819.10	1.50	7,46,328	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	807.44	1.24	7,36,985	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-09-01	Board Meeting	Quarterly Results
2026-07-20	AGM
2026-06-01	Board Meeting	Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Construction MaterialsCement & Construction Materials

Ultratech Cement Ltd. operates in the Construction Materials sector under the Cement & Construction Materials industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Kumar Mangalam Birla

Chairman

₹3.10 L

Mar '26

Rajashree Birla

Non Independent & Non Executive Director

₹7.98 Cr

Mar '26

KK Maheshwari

Vice Chairman

₹53.50 L

Mar '26

K C Jhanwar

Managing Director

₹28.69 Cr

Mar '26

Vivek Agrawal

Whole Time Director & Chief Marketing Officer

₹14.06 Cr

Mar '26

Anjani Agrawal