UltraTech Cement Ltd
UltraTech Cement Limited, together with its subsidiaries, engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka. The company offers ordinary Portland, Portland pozzolana, composite, Weather Plus, and Portland slag; white cement, wall care putty, and value-added products; ready-mix concrete; dry mix mortars, such as tile and marble binders, plasters and mortars, industrial and precision grouts, repair and rehabilitation, and flooring screed; and waterproofing products, including liquid and cement waterproofing products. It also provides masonry products; and TMT steel bars, paints, waterproofing solutions and treatments, switchboards and fittings, plywood, shuttering ply, power and hand tools, PVC pipes, sanitary ware, roofing sheets, and water storage tanks, as well as flooring materials, such as marble, granite, and semi-precious stones through its retail stores under UltraTech Home Expert Store brand name. In addition, the company operates mobile concrete labs that offers on-ground technical assessment of construction materials; and provides Vaastu, pest control, and water testing services, as well as home loans. It offers its products under UltraTech DΓ©cor, DuraFacad, Pervious, MaxSheen, AquaSeal, ThermoCon+, FreeFlow+, FireSafe, DuraPlus, CorroProtect, Litecon, iFloors, Rapid, and ZIP brands. The company was incorporated in 2000 and is based in Mumbai, India. UltraTech Cement Limited operates as a subsidiary of Grasim Industries Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jul has averaged the highest return (+6.4%); Feb the lowest (-4.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.8%Positive MonthJan 2026: +7.76% | -0.2%Neutral MonthFeb 2026: -0.16% | -15.3%Negative MonthMar 2026: -15.26% | +7.8%Positive MonthApr 2026: +7.80% | -1.2%Neutral MonthMay 2026: -1.15% | -1.6%Neutral MonthJun 2026: -1.57% | +5.2%Positive MonthJul 2026: +5.17% | -0.9%*Neutral MonthAug 2026: -0.85% | β | β | β | β |
| 2025 | +0.7%Neutral MonthJan 2025: +0.71% | -12.1%Negative MonthFeb 2025: -12.08% | +13.7%Positive MonthMar 2025: +13.75% | +1.2%Neutral MonthApr 2025: +1.17% | -3.8%Negative MonthMay 2025: -3.80% | +7.8%Positive MonthJun 2025: +7.82% | +1.4%Neutral MonthJul 2025: +1.37% | +3.3%Positive MonthAug 2025: +3.26% | -3.3%Negative MonthSep 2025: -3.27% | -2.3%Negative MonthOct 2025: -2.27% | -2.9%Negative MonthNov 2025: -2.90% | +1.6%Neutral MonthDec 2025: +1.60% |
| 2024 | -3.2%Negative MonthJan 2024: -3.19% | -2.6%Negative MonthFeb 2024: -2.62% | -1.6%Neutral MonthMar 2024: -1.58% | +2.3%Positive MonthApr 2024: +2.28% | -0.7%Neutral MonthMay 2024: -0.66% | +17.8%Positive MonthJun 2024: +17.77% | +1.9%Neutral MonthJul 2024: +1.90% | -4.9%Negative MonthAug 2024: -4.90% | +4.4%Positive MonthSep 2024: +4.40% | -6.2%Negative MonthOct 2024: -6.19% | +1.2%Neutral MonthNov 2024: +1.19% | +2.0%Neutral MonthDec 2024: +1.99% |
| 2023 | +1.9%Neutral MonthJan 2023: +1.87% | +2.5%Positive MonthFeb 2023: +2.45% | +4.9%Positive MonthMar 2023: +4.91% | -0.9%Neutral MonthApr 2023: -0.86% | +4.2%Positive MonthMay 2023: +4.22% | +5.3%Positive MonthJun 2023: +5.32% | +0.3%Neutral MonthJul 2023: +0.27% | +0.0%Neutral MonthAug 2023: +0.00% | -0.7%Neutral MonthSep 2023: -0.69% | +2.1%Positive MonthOct 2023: +2.08% | +6.8%Positive MonthNov 2023: +6.78% | +16.7%Positive MonthDec 2023: +16.69% |
| 2022 | -5.0%Negative MonthJan 2022: -4.97% | -8.9%Negative MonthFeb 2022: -8.94% | +0.5%Neutral MonthMar 2022: +0.49% | +0.4%Neutral MonthApr 2022: +0.41% | -8.2%Negative MonthMay 2022: -8.24% | -7.9%Negative MonthJun 2022: -7.94% | +16.9%Positive MonthJul 2022: +16.89% | +1.9%Neutral MonthAug 2022: +1.93% | -6.3%Negative MonthSep 2022: -6.33% | +7.4%Positive MonthOct 2022: +7.42% | +5.4%Positive MonthNov 2022: +5.41% | -1.7%Neutral MonthDec 2022: -1.66% |
| 2021 | β | β | β | β | β | +2.7%Positive MonthJun 2021: +2.72% | +12.9%Positive MonthJul 2021: +12.89% | +2.4%Positive MonthAug 2021: +2.40% | -5.6%Negative MonthSep 2021: -5.60% | +3.2%Positive MonthOct 2021: +3.21% | -2.6%Negative MonthNov 2021: -2.60% | +2.1%Positive MonthDec 2021: +2.12% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ71.89 K Cr | β | βΉ6.19 K Cr | β | β | 8.9% | 4.7% | -10.3% |
| Mar 2024 | βΉ68.64 K Cr | β | βΉ6.91 K Cr | β | β | 11.7% | 12.1% | 39.5% |
| Mar 2023 | βΉ61.24 K Cr | β | βΉ4.95 K Cr | β | β | 9.3% | 20.9% | -29.9% |
| Mar 2022 | βΉ50.66 K Cr | β | βΉ7.07 K Cr | β | β | 14.3% | 17.3% | 32.3% |
| Mar 2021 | βΉ43.19 K Cr | β | βΉ5.34 K Cr | β | β | 12.3% | 6.2% | -2.1% |
| Mar 2020 | βΉ40.65 K Cr | β | βΉ5.46 K Cr | β | β | 14.2% | 1.6% | 126.2% |
| Mar 2019 | βΉ40.00 K Cr | β | βΉ2.41 K Cr | β | β | 7.2% | 36.2% | 8.1% |
| Mar 2018 | βΉ29.36 K Cr | β | βΉ2.23 K Cr | β | β | 8.6% | 22.9% | -15.1% |
| Mar 2017 | βΉ23.89 K Cr | β | βΉ2.63 K Cr | β | β | 11.0% | 0.8% | 10.9% |
| Mar 2016 | βΉ23.71 K Cr | β | βΉ2.37 K Cr | β | β | 11.0% | 8.2% | 17.6% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 19,384 | 21,911 | 23,709 | 23,891 | 29,358 | 39,999 | 40,649 | 43,188 | 50,663 | 61,237 | 68,641 | 71,895 | 75,548 |
| Total Expenses | 15,566 | 17,716 | 19,082 | 18,922 | 23,475 | 32,920 | 31,997 | 32,224 | 39,727 | 50,952 | 56,011 | 59,349 | 61,181 |
| EBIT / Operating Profit | 3,818 | 4,195 | 4,627 | 4,969 | 5,883 | 7,079 | 8,652 | 10,965 | 10,936 | 10,286 | 12,630 | 12,546 | 14,368 |
| OPM % | 20% | 19% | 20% | 21% | 20% | 18% | 21% | 25% | 22% | 17% | 18% | 17% | 19% |
| Other Income | 329 | 372 | 481 | 646 | 373 | 383 | 727 | 625 | 612 | 505 | 580 | 355 | 552 |
| Finance Costs | 319 | 547 | 512 | 571 | 1,191 | 1,648 | 1,704 | 1,259 | 798 | 756 | 867 | 1,465 | 1,582 |
| Depreciation & Amortisation | 1,052 | 1,133 | 1,297 | 1,268 | 1,764 | 2,321 | 2,455 | 2,434 | 2,457 | 2,773 | 3,027 | 3,739 | 3,901 |
| Profit Before Tax | 2,776 | 2,886 | 3,299 | 3,776 | 3,302 | 3,492 | 5,220 | 7,896 | 8,293 | 7,262 | 9,316 | 7,697 | 9,436 |
| Tax % | 23% | 30% | 28% | 30% | 32% | 31% | -5% | 32% | 15% | 32% | 26% | 20% | - |
| Net Profit / PAT | 2,144 | 2,015 | 2,370 | 2,628 | 2,231 | 2,412 | 5,456 | 5,342 | 7,067 | 4,951 | 6,905 | 6,193 | 7,302 |
| EPS (βΉ) | 78.20 | 73.42 | 86.37 | 95.72 | 81.25 | 87.84 | 189.02 | 185.07 | 244.80 | 171.52 | 239.18 | 210.15 | 248.73 |
| Dividend Payout % | 12% | 12% | 11% | 10% | 13% | 13% | 7% | 20% | 16% | 22% | 29% | 37% | - |
Peer Comparison
Materials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| UltraTech Cement Ltdthis co. | βΉ3.55 L Cr | βΉ71.89 K Cr | 48.60 | 5.02 | 27.23 | 4.7% |
| JSW Steel Limited | βΉ2.88 L Cr | βΉ1.28 L Cr | 38.00 | 3.45 | 14.23 | -5.5% |
| Asian Paints Ltd. | βΉ2.77 L Cr | βΉ29.55 K Cr | 69.60 | 14.50 | 35.04 | -5.4% |
| Hindustan Zinc Ltd. | βΉ2.66 L Cr | βΉ33.97 K Cr | 25.50 | 19.57 | 18.58 | 17.4% |
| Coal India Limited | βΉ2.64 L Cr | βΉ1.59 K Cr | 12.40 | 13.24 | 16.33 | 5.1% |
| Vedanta Limited | βΉ2.49 L Cr | βΉ74.30 K Cr | 26.50 | 3.37 | 12.82 | 5.0% |
| TATA STEEL LIMITED | βΉ2.28 L Cr | βΉ1.33 L Cr | 14.60 | 1.71 | 8.81 | -6.0% |
| Industry Average | β | βΉ10.75 K Cr | 47.54 | 5.23 | 30.19 | 121.8% |
