UltraTech Cement Limited

Construction Materials · Cement & Cement Products

NSE: ULTRACEMCO BSE: 532538

₹10956.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #1 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited (this stock)	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹342,431 Cr

EV / EBITDA

21.3x

EV / Sales

3.98x

Market cap / Sales

3.75x

Earnings yield

2.35%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 23,657 Cr, up 19.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 2,397 Cr, up 7.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	23,535	3,253	2,397	₹81.4800
March 31, 2026	24,582	3,518	2,599	₹88.3500
Dec. 31, 2025	20,088	2,053	1,511	₹51.3700
Sept. 30, 2025	17,864	1,445	1,064	₹36.1700
June 30, 2025	19,635	3,011	2,232	₹75.8700
March 31, 2025	21,135	3,335	2,682	₹91.1800
Dec. 31, 2024	16,328	1,786	1,434	₹49.7700
Sept. 30, 2024	14,905	982	797	₹27.6500
June 30, 2024	17,532	2,158	1,708	₹59.2700
March 31, 2024	19,806	3,090	2,252	₹78.1400
Dec. 31, 2023	16,173	2,282	1,697	₹58.8640
Sept. 30, 2023	15,517	1,621	1,206	₹41.8330
June 30, 2023	17,245	2,294	1,706	₹59.1600

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	23,657	24,650	20,169	17,937	19,790	21,250	16,535	15,087	17,711	19,960	16,365	15,726	17,503
Operating revenue	23,535	24,582	20,088	17,864	19,635	21,135	16,328	14,905	17,532	19,806	16,173	15,517	17,245
Other income	121	68	82	73	154	115	206	182	179	154	191	209	258
Operating expenses	18,956	19,624	16,579	15,094	15,433	16,525	13,550	12,973	14,551	15,786	13,133	13,167	14,337
Operating profit	4,579	4,958	3,509	2,770	4,202	4,610	2,778	1,933	2,981	4,020	3,040	2,350	2,909
Operating profit margin	19.5%	20.2%	17.5%	15.5%	21.4%	21.8%	17.0%	13.0%	17.0%	20.3%	18.8%	15.1%	16.9%
Depreciation	1,051	1,054	1,024	1,002	975	991	857	850	814	786	712	728	682
Interest	396	431	433	396	370	400	342	282	220	227	237	210	191
Exceptional items, gain / (loss)	—	-23	-81	—	—	—	—	—	32	-72	—	—	—
Profit before tax	3,253	3,518	2,053	1,445	3,011	3,335	1,786	982	2,158	3,090	2,282	1,621	2,294
Tax	856	920	542	381	779	652	352	185	449	838	586	415	588
Net profit	2,397	2,599	1,511	1,064	2,232	2,682	1,434	797	1,708	2,252	1,697	1,206	1,706
EPS	81.48	88.35	51.37	36.17	75.87	91.18	49.77	27.65	59.27	78.14	58.86	41.83	59.16
Net profit (TTM)	7,571	7,405	7,489	7,412	7,145	6,622	6,192	6,454	6,862	6,860	6,258	5,556	5,068
EPS (TTM)	257.37	251.76	254.59	252.99	244.47	227.87	214.83	223.92	238.11	238.00	217.09	192.71	175.79

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	82,170	10,027	7,405
March 31, 2025	71,895	7,697	6,193
March 31, 2024	68,641	9,316	6,905
March 31, 2023	61,326	7,246	4,917

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	10.0%	13.4%	82,546^†	72,577^†	69,453^†	62,016^†	51,275^†	43,977^†	40,114^†	36,296^†	31,279^†	21,288^†
Operating revenue	10.2%	13.7%	82,170	71,895	68,641	61,326	50,663^†	43,188^†	39,391^†	35,739^†	30,684^†	20,628^†
Other income	—	—	376^†	682^†	813^†	689^†	612^†	789^†	724^†	557^†	595^†	660^†
Operating expenses	—	—	66,730^†	57,599^†	56,422^†	51,395^†	39,727^†	32,224^†	30,980^†	29,304^†	24,801^†	—
Operating profit	15.8%	7.1%	15,439^†	14,296^†	12,218^†	9,931^†	10,936^†	10,965^†	8,411^†	6,435^†	5,883^†	—
Operating profit margin	—	—	18.8%^†	19.9%^†	17.8%^†	16.2%^†	21.6%^†	25.4%^†	21.4%^†	18.0%^†	19.2%^†	—
Depreciation	—	—	4,055^†	3,512^†	2,908^†	2,619^†	2,457^†	2,434^†	2,366^†	2,010^†	1,764^†	—
Interest	—	—	1,630^†	1,244^†	865^†	755^†	798^†	1,259^†	1,643^†	1,419^†	1,186^†	571^†
Exceptional items, gain / (loss)	—	—	-104^†	32^†	-72^†	0^†	0^†	-164^†	0^†	0^†	-226^†	-14^†
Profit before tax	11.4%	4.9%	10,027	7,697	9,316	7,246	8,293^†	7,896^†	5,126^†	3,562^†	3,302^†	3,776^†
Tax	—	—	2,622^†	1,638^†	2,427^†	2,329^†	1,227^†	2,554^†	-261^†	1,107^†	1,071^†	1,148^†
Net profit	14.6%	6.7%	7,405	6,193	6,905	4,917	7,067^†	5,342^†	5,387^†	2,456^†	2,231^†	2,628^†
EPS	13.9%	6.3%	251.76^†	227.87^†	238.00^†	170.51^†	245.00^†	185.20^†	188.91^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	18.8%^†	19.9%^†	17.8%^†	16.2%^†	21.6%^†	25.4%^†	21.4%^†	18.0%^†	19.2%^†	—
EBIT margin	14.2%^†	12.4%^†	14.8%^†	13.0%^†	17.9%^†	21.2%^†	17.2%^†	13.9%^†	14.6%^†	21.1%^†
PBT margin	12.2%	10.7%	13.6%	11.8%	16.4%^†	18.3%^†	13.0%^†	10.0%^†	10.8%^†	18.3%^†
Net margin	9.0%	8.6%	10.1%	8.0%	13.9%^†	12.4%^†	13.7%^†	6.9%^†	7.3%^†	12.7%^†
Interest coverage	7.15x^†	7.19x^†	11.77x^†	10.60x^†	11.39x^†	7.27x^†	4.12x^†	3.51x^†	3.78x^†	7.61x^†
Dividend payout	30.8%^†	30.7%^†	16.0%^†	22.3%^†	15.1%^†	7.0%^†	6.1%^†	—	—	—
Earnings retention	69.2%^†	69.3%^†	84.0%^†	77.7%^†	84.9%^†	93.0%^†	93.9%^†	—	—	—
Current ratio	0.71x	0.71x	—	—	—	—	—	—	—	—
Quick ratio	0.43x	0.41x	—	—	—	—	—	—	—	—
Debt to equity	0.26x	0.28x	—	—	—	—	—	—	—	—
Return on equity	9.9%	8.9%	—	—	—	—	—	—	—	—
Return on assets	5.8%	5.1%	—	—	—	—	—	—	—	—
Return on capital employed	11.8%^†	9.6%^†	—	—	—	—	—	—	—	—
Asset turnover	0.64x	0.59x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	14,398	-9,815	-4,858	9,462	4,936
March 31, 2025	9,576	-15,450	5,566	9,055	521
March 31, 2024	10,899	-7,830	-2,861	8,999	1,900
March 31, 2023	9,348	-6,754	-2,370	5,922	3,427
March 31, 2022	8,670	789	-9,501	5,419	3,250

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	127,841	74,663	74,369	5,809	13,808	20,835	29,221	37	66,166	8,387
March 31, 2025	121,340	69,678	69,383	5,600	13,860	19,909	27,884	312	61,823	8,567
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.