TickerSutra

NSE: ULTRACEMCO · BSE: 532538 · ISIN INE481G01011

UltraTech Cement Limited stock analysis

UltraTech Cement Limited ranks #1235 in the TickerSutra evidence-ranked universe with a score of 55/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.7%, quarterly sales growth of 15.8% and quarterly profit growth of 15.8%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE55/100

Monitor only

#1235 of 5,430 ranked equities
Market capitalisation₹3,25,242.12cr
ROCE12.7%
Quarterly sales growth15.8%
Quarterly profit growth15.8%
P/E ratio37.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 0.9×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹52,599cr₹11,514cr₹7,334cr22.0%
2023₹63,240cr₹10,620cr₹5,073cr17.0%
2024₹70,908cr₹12,979cr₹7,004cr18.0%
2025₹75,955cr₹12,547cr₹6,040cr17.0%
2026₹88,512cr₹17,004cr₹8,188cr19.0%
TTM₹91,884cr₹17,614cr₹8,571cr19.0%
Debt / equity0.31×
CFO / EBITDA0.90×
Operating margin19.0%
Free cash flow₹5,805cr
Sales CAGR · 3Y11.9%
Profit CAGR · 3Y17.3%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts12 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Market share gainHigh severity · 7 mentions
Positive catalyst

Under his leadership, the Company’s installed capacity increased by approximately 77%, from 116 MTPA to 205.5 MTPA, driven by a combination of capacity expansion and successful acquisition and integration. During this period, the Company’s market capitalization more than doubled, from US$ 20.85 billion to about US$ 42 billion, reflecting sustained value creation and strengthened market leadership. The Nomination, Rem

Margin expansionHigh severity · 1 mention
Positive catalyst

Performance that honours trust Consolidated revenue from operations grew 16.5 per cent to ₹88,512 crore, while consolidated EBITDA expanded 32 per cent to ₹17 ,598 crore. This exceptional margin expansion reflects disciplined cost management, lower energy intensity, an enriched product mix, and early synergies from our integration of acquired assets. Operating cash flows of ₹14,398 crore have enabled us to simultaneo

Capacity expansion plansHigh severity · 14 mentions
Positive catalyst

He assumed the role of Managing Director of the Company in January 2020. Under his leadership, the Company’s installed capacity increased by approximately 77%, from 116 MTPA to 205.5 MTPA, driven by a combination of capacity expansion and successful acquisition and integration. During this period, the Company’s market capitalization more than doubled, from US$ 20.85 billion to about US$ 42 billion, reflecting sustain

Niche productsHigh severity · 1 mention
Positive catalyst

As one of the world’s leading cement manufacturers, we continue to strengthen our market position while creating long-term value for all stakeholders Anchored in our strategic priorities Read moRe 50 Capacity and leadership Expanding scale, strengthening operational excellence and reinforcing market position through strategic growth and integrated capabilities. Customer centricity Delivering differentiated products,

Management confidenceHigh severity · 2 mentions
Constructive

Your Company became the first in the industrial sector to operationalise a behind-the-meter, round-the-clock hybrid renewable energy project to provide uninterrupted clean energy without reliance on grid power. As of FY 2025-26, 35.8% of UltraTech’s power needs are met from green sources, and we are confident of increasing our green power share to 85% by the end of fiscal 2030, as targeted. Greening our logistics is

Operating leverageModerate severity · 4 mentions
Watch

Operating Profit (PBIDT) and Margin PBIDT at H 15,816 crore was 22% higher than the previous year. The higher operating margin was attributable to higher sales realisations, lower input costs, and positive operating leverage from higher volume growth. Cost Highlights Energy Cost Overall energy costs decreased by 7% from H 1,322 /t in FY25 to H 1,229 /t in FY26, mainly due to lower fuel prices and higher green power m

Raw material inflationModerate severity · 3 mentions
Risk easing

Through progressive rehabilitation, watershed-level ecological improvements, and ongoing collaboration with scientific institutions, government bodies, and local communities, we remain steadfast in our journey towards achieving No Net Loss of biodiversity by 2050. ENVIRONMENT Biodiversity and ecosystem risks identified and mitigation measures Risk type Risk description Opportunities Physical risk Risks from extreme w

Regulatory updatesModerate severity · 40 mentions
Constructive

Improves rail–road coordination, increases vendor participation and transparency, enhances freight competitiveness, and delivers cost-efficient and optimised logistics operations. Air emissions We manage air emissions through a comprehensive, multifaceted strategy that integrates real-time monitoring, advanced abatement technologies, process optimisation, and stringent regulatory compliance across all our operations.

Regulatory approvalLow severity · 8 mentions
Watch

Our approach Our CSR approach is anchored in community participation, with projects identified through participatory rural appraisal and prioritised in consultation with village panchayats and key stakeholders. Each year a dedicated annual CSR budget is allocated based on emerging needs, with activities and spending recommended by the CSR Committee, approved by the Board, and monitored through external audits and soc

Institutional interestLow severity · 1 mention
Watch

Members will be able to participate in the AGM through VC/OAVM on a first-come-first-serve basis. Members holding 2% or more shareholding), Promoters, Institutional investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination Remuneration and Compensation Committee and Stakeholders Relationship Committee, Auditors, etc. will not be subject to the aforesaid restriction of first-c

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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