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UltraTech Cement Ltd (ULTRACEMCO)

₹11258.33.34%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 38 analysts

BUY

81.58%

Buy

10.53%

Hold

7.89%

Sell

Based on 38 analysts offering long term price targets for UltraTech Cement Ltd. An average target of ₹11363.47

Source: S&P Global Market Intelligence

UltraTech Cement Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹11,228.65
    ₹11,645
  • 52 Week's Low

    52 Week's High

    ₹7,987.65
    ₹12,078
1 Month Return+ 3.26 %
3 Month Return+ 17.7 %
1 Year Return+ 36.89 %
Previous Close₹11,647.25
Open₹11,645.00
Volume5.14L
Upper Circuit-
Lower Circuit-
Market Cap₹3,36,252.98Cr

Key Statistics

P/E Ratio46.27
PEG Ratio0.72
Market Cap₹3,36,252.98 Cr
P/B Ratio4.16
EPS87.4

Mutual Fund Holdings

Funds HoldingsPrev. 6M
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth4.23%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth4.11%
Axis Bluechip Fund Direct Plan GrowthAxis Bluechip Fund Direct Plan Growth2.34%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.52%
ICICI Prudential Balanced Advantage Fund Direct Plan GrowthICICI Prudential Balanced Advantage Fund Direct Plan Growth1.04%

Company Information

UltraTech Cement Ltd is one of the leading cement companies in India, established in 1983 and headquartered in Mumbai. It is a subsidiary of the Aditya Birla Group and has a presence in five countries with an annual capacity of over 117.35 million tonnes. It operates across multiple lines of business, including cement, ready mix concrete, white cement, wall care putty, and aggregates.

UltraTech Cement Ltd is one of the most popular brands in India and has a wide range of products including Portland Pozzolana Cement, Portland Slag Cement, Ready Mix Concrete, White Cement, Wall Care Putty, and Aggregates. Its top products include UltraTech Super, UltraTech PPC, UltraTech OPC, UltraTech PSC, UltraTech Ready Mix Concrete, UltraTech White Cement, UltraTech Wall Care Putty, and UltraTech Aggregates.

Share Price: ₹11258.30 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,36,252.98Cr as of today
Revenue: ₹18,069.56Cr as on June 2024 (Q2 24)
Net Profit: ₹1,695.22Cr as on June 2024 (Q2 24)
Listing date: 24 Aug, 2004
Chairperson Name: Kumar Mangalam Birla
OrganisationUltraTech Cement Ltd
Headquarters
IndustryCement
E-voting on sharesClick here to vote

Key events for UltraTech Cement Ltd

  • UltraTech Plans Further Capacity Expansion and Price Hike - 19 Jul, 2024

    UltraTech Cement reported a consolidated net profit of Rs 1,696.59 crore for the June-24 quarter and plans to add 7.5 MTPA of cement capacity through brownfield expansions. The company also expects to hike prices in H2CY24 with overall demand remaining strong.

  • UltraTech Cement Acquires Stake in Amplus Omega Solar - 18 Jul, 2024

    UltraTech Cement has entered into an agreement to acquire 26% equity shares of Amplus Omega Solar Private Limited for Rs 24.30 crore to meet its green energy needs. The company is also expected to post a profit of Rs 1,820.18 crore and revenue of Rs 18,353.98 crore.

  • UltraTech Cement Acquires Stake in Amplus Omega Solar; Weak Q1 Results Expected - 17 Jul, 2024

    UltraTech Cement has acquired a 26% stake in Amplus Omega Solar for Rs 24.3 crore to meet its green energy needs. However, the company is expected to deliver subpar results for Q1FY25 due to weak prices and declining average realisations.

  • Mixed Bag for UltraTech Cement Ltd. - 16 Jul, 2024

    UltraTech Cement is expected to report a slight increase in net sales but a decrease in net profit for Q1 according to Emkay's estimates. The company previously acquired a significant portion of Jaiprakash Associates' cement business in 2016. There are hopes of an increase in budget allocation to the PMAY scheme which could benefit UltraTech Cement, Ambuja Cements, and Dalmia Bharat.

  • Morgan Stanley Upgrades UltraTech Cement - 15 Jul, 2024

    Global brokerage firm Morgan Stanley has upgraded UltraTech Cement to Overweight and raised its target price to Rs 13,620 per share. The revised price target implies a potential upside of 17% from Friday's closing level. Morgan Stanley believes the bull case scenario is playing out for Ambuja Cements and UltraTech Cement.

  • UltraTech Cement's Largest Shareholder Revealed; Q1FY25 Results Announced Soon - 14 Jul, 2024

    Grasim Industries holds a majority stake in UltraTech Cement, while the company is set to announce its Q1FY25 results on July 19, 2024. The company saw significant growth in revenue and profits in FY24.

  • UltraTech Cement's Growth Slows Down in Q1 FY25 - 12 Jul, 2024

    Brokerage firm Systematix Institutional Equities estimates that UltraTech Cement will report slower growth of 6.0% YoY in the first quarter of FY25 due to weak prices and lower volumes impacting earnings.

  • Ultratech Acquires Additional Stake in RAKWCT; Nomura Estimates Above-Industry Growth for Ambuja - 11 Jul, 2024

    Ultratech Cement has acquired an additional 25% stake in UAE-based RAKWCT, while Nomura expects above-industry volume growth for Ambuja Cements over FY24-26.

  • UltraTech Cement Acquires Majority Stake in RAK Cement - 10 Jul, 2024

    UltraTech Cement's UAE subsidiary has acquired a majority stake in RAK Cement, while also being in advanced talks to acquire Orient Cement. The company is expected to benefit from increased infrastructure spending. Shares closed 0.40% lower at Rs 11,634.25 per share.

  • UltraTech to Merge with Kesoram's Demerged Cement Business - 09 Jul, 2024

    Kesoram Industries plans to engage with Japanese technical partner Futamura for Cygnet Industries after demerging its cement business and merging it with UltraTech Cement. Prabhudas Lilladher expects Ultratech Cement Q1 net profit at Rs 1,806.2 crore, up 5.9% YoY.

  • UltraTech Cement Reports 12.12% Increase in Revenue - 08 Jul, 2024

    UltraTech Cement's revenue increased by 12.12% to Rs 70,906 crores in FY 2024 due to government infrastructure spending and growing housing sector demand. The company plans to reach a total capacity of 199.6 million tons by the end of FY 2027 and reduce operating costs by Rs 200-300 per ton over the next three years. Additionally, UltraTech Cement has acquired 23% equity share capital of India Cements Ltd, which could enhance its market share in South India.

  • UltraTech Negotiating Acquisition of Orient Cement Amid Consolidation Efforts - 04 Jul, 2024

    UltraTech Cement is in advanced negotiations to acquire Orient Cement from CK Birla, with an offer of Rs 350-375 per share. The move is seen as an attempt to consolidate UltraTech's position in the southern and western markets amidst sector consolidation efforts.

  • UltraTech Cement Commissions Additional Capacity - 01 Jul, 2024

    UltraTech Cement has commissioned an additional 3.35 mtpa clinker along with 1.8 mtpa grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, as part of the 22.6 mtpa capacity expansion announced in June 2022. The company's total cement capacity has now reached 154.86 mtpa.

  • UltraTech Cement Acquires Stake in India Cements & Expands Capacity - 29 Jun, 2024

    UltraTech Cement has acquired a non-controlling financial investment of 23% stake in India Cements for $90 per tonne, complementing its southern region exposure. Additionally, it has commissioned a 1.8 mtpa grinding capacity at Tadipatri, Andhra Pradesh, and increased the capacity of its grinding unit in Jharsuguda by 0.4 mtpa, taking its total cement capacity to 154.86 mtpa.

  • UltraTech Acquires Stake in India Cements - 28 Jun, 2024

    UltraTech Cement has acquired a 23% stake in India Cements for Rs 1,889 crore, which could lead to a larger stake purchase and establish a new dominant player in the Southern market. The acquisition is likely to increase industry consolidation and pricing power.

  • UltraTech to Acquire Stake in India Cements - 27 Jun, 2024

    UltraTech Cement is set to acquire a 23% equity stake in India Cements for Rs 1,885 crore as part of its market consolidation and expansion strategy. The deal values India Cements at close to $90 per tonne, with UltraTech paying a premium due to the company's underinvested and inefficient assets.

  • UltraTech Cement Acquires Stake in RAKWCT; BNP Paribas Picks Stock as Preferred - 26 Jun, 2024

    UltraTech Cement's wholly-owned subsidiary will acquire a 25% stake in UAE-based RAKWCT. BNP Paribas has picked UltraTech Cement, along with other cement companies, as preferred stocks due to a strong demand environment for the sector.

  • UltraTech Cement Revises Offer to Acquire Stake in RAKWCT - 25 Jun, 2024

    UltraTech Cement Middle East Investments Ltd, a wholly-owned subsidiary of the Indian cement maker, has revised its offer to acquire 25% stake in UAE-based RAKWCT, down from the original offer of 31.6%.

  • Morgan Stanley Bullish on Ultratech Cement's Medium-Term Demand Visibility - 20 Jun, 2024

    Morgan Stanley maintains that Ultratech Cement has strong medium-term demand visibility, driven by sustained demand and lower input prices. However, potential risks include weaker-than-expected demand due to macroeconomic deterioration and rising input prices impacting profitability.

Insights on UltraTech Cement Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 59.95% to 59.99% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 17.75% to 18.14% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Grasim Industries Ltd has given 74.3% return, outperforming this stock by 22.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Ambuja Cements Ltd has given 61.1% return, outperforming this stock by 24.2%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 2.25K Cr → 1.69K Cr (in ₹), with an average decrease of 24.9% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 12.22% to 11.81% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.31% to 7.21% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 20.56K Cr → 18.27K Cr (in ₹), with an average decrease of 11.2% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ULTRACEMCO stock has moved down by -4.9%

News

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21 Jul, 2024 04:29 PM

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21 Jul, 2024 04:34 PM
View More

Company Financials

Value in ₹ crore
Q'2 24Q/Q Change
Revenue
₹18,069.56Cr
↓11.51%
Net Income
₹1,695.22Cr
↓24.94%
Net Profit Margin
9.38%
↓15.19%
2023Y/Y Change
Revenue
₹63,239.98Cr
↑20.23%
Net Income
₹5,073.40Cr
↓30.83%
Net Profit Margin
8.02%
↓42.47%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹87,319.82Cr
↑7.78%
Total Liabilities
₹34,382.96Cr
↑8.30%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹9,348.18Cr
↑7.83%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
59.99%
0.06
Foreign Institutions
18.14%
2.21
Mutual Funds
11.81%
-3.41
Retail Investors
7.21%
-1.48
Others
2.86%
3.56

Key Indicators

UltraTech Cement Ltd Valuation

UltraTech Cement Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.09x)

April 3, 2020

Today (46.27x)

July 19, 2024

Industry (65.94x)

July 19, 2024

Highest (63.12x)

March 12, 2019

LowHigh

Earnings and Dividends

  • UltraTech Cement Ltd Earnings Results

    UltraTech Cement Ltd’s net profit jumped 0.48% since last year same period to ₹1,696.60Cr in the Q1 2024-2025. On a quarterly growth basis, UltraTech Cement Ltd has generated -24.87% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • UltraTech Cement Ltd Dividends April,2023

    In the quarter ending March 2023, UltraTech Cement Ltd has declared dividend of ₹38 - translating a dividend yield of 0.68%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Neutral

UltraTech Cement Ltd is currently in a Neutral trading position according to technical analysis indicators.

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UltraTech Cement Ltd (ULTRACEMCO) share price today is ₹11258.3

UltraTech Cement Ltd is listed on NSE

UltraTech Cement Ltd is listed on BSE

  • Today’s highest price of UltraTech Cement Ltd is ₹11645.
  • Today’s lowest price of UltraTech Cement Ltd is ₹11228.65.

PE Ratio of UltraTech Cement Ltd is 46.27

PE ratio = UltraTech Cement Ltd Market price per share / UltraTech Cement Ltd Earnings per share

Today’s traded volume of UltraTech Cement Ltd(ULTRACEMCO) is 5.14L.

Today’s market capitalisation of UltraTech Cement Ltd(ULTRACEMCO) is ₹336252.98Cr.

UltraTech Cement Ltd(ULTRACEMCOPrice
52 Week High
₹12078
52 Week Low
₹7987.65

UltraTech Cement Ltd(ULTRACEMCO) share price is ₹11258.3. It is down -6.79% from its 52 Week High price of ₹12078

UltraTech Cement Ltd(ULTRACEMCO) share price is ₹11258.3. It is up 40.95% from its 52 Week Low price of ₹7987.65

UltraTech Cement Ltd(ULTRACEMCOReturns
1 Day Returns
-388.95%
1 Month Returns
3.26%
3 Month Returns
17.7%
1 Year Returns
36.89%