NSE ULTRACEMCO · BSE 532538 · Construction - Raw Materials · NIFTY 50
UltraTech Cement Share Price
UltraTech Cement Overview
Where the price stands, how it has moved and how it sits against its averages.
UltraTech Cement shares last traded at ₹11,098.00 on the NSE, down 0.68% on the day. That is 15.3% below the 52-week high of ₹13,104.00 and 7.4% above the 52-week low of ₹10,329.00. The stock trades at 38.76× earnings, above the sector average of 30.81. Its market value is ₹3,27,437 Cr.
Price returns
Against the market: 1 Month ▼ −1.43% · 3 Months ▲ +0.42% · 6 Months ▲ +0.16% · This year ▲ +7.81% · 1 Year ▼ −1.30%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 2 of 6
- 300-day average₹11,728.67 ▼ price 5.4% below
- 50-day average₹11,580.90 ▼ price 4.2% below
- 100-day average₹11,521.92 ▼ price 3.7% below
- 20-day average₹11,207.80 ▼ price 1.0% below
- Today's price₹11,098.00
- 10-day average₹10,916.30 ▲ price 1.7% above
- 5-day average₹10,915.60 ▲ price 1.7% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
UltraTech Cement Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹88,512 Cr | ▲ +16.5% | ₹8,166 Cr | 9.2% | ₹277.45 | ₹240.00 |
| FY 2025 | ₹75,955 Cr | ▲ +7.1% | ₹6,039 Cr | 8.0% | ₹205.13 | ₹77.50 |
| FY 2024 | ₹70,908 Cr | ▲ +12.1% | ₹7,005 Cr | 9.9% | ₹242.87 | ₹70.00 |
| FY 2023 | ₹63,239 Cr | ▲ +20.2% | ₹5,064 Cr | 8.0% | ₹175.54 | ₹38.00 |
| FY 2022 | ₹52,599 Cr | ▲ +17.6% | ₹7,344 Cr | 14.0% | ₹248.98 | ₹38.00 |
| FY 2021 | ₹44,726 Cr | ▲ +5.4% | ₹5,463 Cr | 12.2% | ₹184.38 | ₹37.00 |
| FY 2020 | ₹42,430 Cr | — | ₹5,755 Cr | 13.6% | ₹199.49 | ₹13.00 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹24,648 Cr | ▼ −4.5% | ₹2,599 Cr | 10.5% | ₹88.36 |
| Q4 FY26 | ₹25,799 Cr | ▲ +18.2% | ₹2,983 Cr | 11.6% | ₹101.36 |
| Q3 FY26 | ₹21,830 Cr | ▲ +11.3% | ₹1,725 Cr | 7.9% | ₹58.62 |
| Q2 FY26 | ₹19,607 Cr | ▼ −7.8% | ₹1,232 Cr | 6.3% | ₹41.84 |
| Q1 FY26 | ₹21,275 Cr | ▼ −15.1% | ₹2,226 Cr | 10.5% | ₹75.67 |
| Q4 FY25 | ₹25,058 Cr | ▲ +40.9% | ₹2,053 Cr | 8.2% | ₹65.58 |
| Q3 FY25 | ₹17,779 Cr | ▲ +9.1% | ₹1,359 Cr | 7.6% | ₹46.17 |
| Q2 FY25 | ₹16,294 Cr | — | ₹703 Cr | 4.3% | ₹23.89 |
Balance sheet — FY26
- Total assets₹1,41,376 Cr
- Total liabilities₹64,753 Cr
- Shareholders' equity₹76,624 Cr
- Total debt₹23,755 Cr
- Cash & investments₹4,890 Cr
- Current ratio0.74×
- Revenue growth, 5 yr14.63% a year
- EPS growth, 5 yr8.52% a year
- Operating margin (TTM)13.87%
- Net margin (TTM)9.33%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 42,429.56 | 44,725.64 | 52,598.60 | 63,239.49 | 70,908.14 | 75,955.13 | 88,511.53 |
| Cost of revenue | 17,196.03 | 17,640.33 | 22,930.53 | 31,318.70 | 33,606.45 | 35,907.20 | 41,096.52 |
| Gross profit | 25,233.53 | 27,085.31 | 29,668.07 | 31,920.79 | 37,301.69 | 40,047.93 | 47,415.01 |
| Operating expenses | 35,910.03 | 36,118.39 | 43,731.21 | 55,507.76 | 61,157.88 | 67,497.33 | 76,285.15 |
| Operating income | 6,519.53 | 8,607.25 | 8,867.39 | 7,731.73 | 9,750.26 | 8,457.80 | 12,226.38 |
| Depreciation | 2,685.19 | 2,645.61 | 2,677.81 | 2,865.41 | 3,145.30 | 4,014.95 | 4,644.46 |
| Profit before tax | 5,182.72 | 7,857.64 | 8,364.40 | 7,416.25 | 9,422.22 | 7,528.13 | 10,927.19 |
| Tax | −568.16 | 2,538.70 | 1,190.06 | 2,342.85 | 2,418.26 | 1,488.49 | 2,738.84 |
| Net profit | 5,755.26 | 5,463.10 | 7,344.31 | 5,063.96 | 7,005.00 | 6,039.11 | 8,165.64 |
| EPS (₹) | 199.49 | 184.38 | 248.98 | 175.54 | 242.87 | 205.13 | 277.45 |
| Dividend per share (₹) | 13.00 | 37.00 | 38.00 | 38.00 | 70.00 | 77.50 | 240.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 79,219.79 | 86,183.51 | 83,827.79 | 91,386.96 | 1,00,802.01 | 1,33,697.15 | 1,41,376.05 |
| Current assets | 14,721.46 | 24,050.29 | 17,489.47 | 20,742.90 | 23,158.37 | 23,599.51 | 25,101.75 |
| Cash & short-term investments | 4,610.37 | 12,703.73 | 5,147.34 | 6,809.75 | 6,076.06 | 4,313.04 | 4,890.09 |
| Inventory | 4,826.08 | 4,552.62 | 6,427.93 | 7,419.32 | 9,200.30 | 10,640.86 | 11,380.30 |
| Property, plant & equipment | 46,190.92 | 45,306.31 | 48,548.04 | 51,705.55 | 57,825.13 | 83,039.19 | 89,273.59 |
| Total liabilities | 40,176.03 | 42,008.83 | 33,392.52 | 37,062.42 | 40,574.53 | 62,990.38 | 64,752.51 |
| Current liabilities | 16,580.58 | 20,591.72 | 20,155.19 | 23,431.79 | 26,905.96 | 32,364.97 | 33,831.70 |
| Total debt | 24,179.96 | 21,719.39 | 11,927.22 | 11,057.74 | 11,402.95 | 24,102.18 | 23,755.09 |
| Total equity | 39,043.76 | 44,174.68 | 50,435.27 | 54,324.54 | 60,227.48 | 70,706.77 | 76,623.54 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 9,017.99 | 12,537.07 | 9,283.24 | 9,068.51 | 10,897.54 | 11,338.53 | 15,315.86 |
| From investing | −4,200.98 | −8,118.68 | 2,257.01 | −7,187.07 | −8,788.12 | −16,504.45 | −9,480.08 |
| From financing | −5,112.88 | −4,388.74 | −11,596.45 | −1,631.00 | −1,925.65 | 5,075.76 | −5,953.57 |
| Capital expenditure | −1,689.29 | −1,924.87 | −5,613.41 | −6,200.11 | −9,005.59 | −9,129.33 | −9,677.77 |
| Dividends paid | −379.98 | −374.80 | −1,065.00 | −1,091.27 | −1,094.43 | −2,011.65 | −2,273.36 |
| Net change in cash | −295.40 | 29.98 | −56.67 | 249.83 | 183.21 | −86.37 | −112.73 |
What Analysts Say
Recommendations from 37 analysts who cover UltraTech Cement.
▲ 32 bullish (86.5%) · 3 hold (8.1%) · ▼ 2 bearish (5.4%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 18 | 18 | 18 | 18 | 18 | — |
| Buy | 14 | 15 | 14 | 14 | 14 | — |
| Hold | 4 | 3 | 3 | 3 | 3 | ▼ −1 |
| Sell | 1 | 1 | 1 | 1 | 1 | — |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | — |
Analyst ratings are opinions, not a guarantee of returns.
UltraTech Cement vs Peers
Side by side with other construction - raw materials companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| UltraTech Cement | ₹11,098.00 | ▼ −0.68% | ₹3,27,437 Cr | 38.76 | 4.29 | 11.30% | 9.33% | 2.15% | This stock |
| Grasim Industries | ₹3,168.55 | ▼ −0.92% | ₹2,15,632 Cr | 40.80 | 2.04 | 6.62% | 5.87% | 0.32% | Neutral |
| Ambuja Cements | ₹383.55 | ▼ −2.28% | ₹95,305 Cr | 21.94 | 1.83 | — | 13.75% | 0.46% | Bearish |
| Shree Cement | ₹22,430.00 | ▲ +0.52% | ₹80,929 Cr | 55.16 | 4.11 | 9.08% | 8.35% | 0.57% | Bearish |
| Dalmia Bharat | ₹1,719.00 | ▼ −1.40% | ₹32,185 Cr | 29.50 | 1.90 | 5.56% | 7.82% | 0.49% | Bearish |
| ACC | ₹1,236.00 | ▼ −1.23% | ₹23,253 Cr | 12.25 | 1.26 | — | 8.33% | 0.54% | Bearish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
UltraTech Cement Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 4.27× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 112 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield2.15%
- Payout ratio86.61%
- 5-year average dividend₹92.70 a share
- Latest dividend₹240.00 per share · 30 Jul 2026
Corporate calendar
- Upcoming · BoardQuarterly Results
- Upcoming · MeetingPostal Ballot
- MeetingAnnual General Meeting
- Dividend₹240.00 per share · 2,400% · Final dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- BoardQuarterly Results
- MeetingAnnual General Meeting
Show 10 older events
- Dividend₹77.50 per share · 775% · Final dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- Dividend₹70.00 per share · 700% · Final dividend
- Dividend₹38.00 per share · 380% · Final dividend
- Dividend₹38.00 per share · 380% · Final dividend
- Dividend₹37.00 per share · 370% · Final dividend
About UltraTech Cement
Construction - Raw Materials
UltraTech Cement Limited is an India-based company, which is engaged in the business of manufacturing and sale of cement and cement related products. The Company’s products include UltraTech Cement, Ready Mix Concrete, Building Solutions, and Building Products. Its UltraTech Cement products include Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Portland Slag Cement. Its Building Solutions products include cement, steels, painting system, waterproofing and chemicals, electricals, plywood, shuttering ply, power and hand tools, flooring, pipes, sanitary ware, mortars, roofing, and water storage tanks. Its Building Products include Tiles Adhesives (TILEFIXO-CT, TILEFIXO-VT, TILEFIXO-NT, and TILEFIXO-YT), Repair Products (MICROKRETE and BASEKRETE), Waterproofing Products (SEAL & DRY, FLEX, HIFLEX, and MYKROFILL), Industrial and Precision Grout (POWERGROUT NS1, NS2, and NS3), Masonry Products (FIXOBLOCK), and Light Weight Autoclaved Aerated Concrete Block (XTRALITE).
Key people
- Atul DagaChief Financial Officer
- Vivek AgrawalChief Marketing Officer, Whole-Time Director
- Dhiraj KapoorCompliance Officer, Company Secretary
- Kailash Chandra JhanwarManaging Director, Executive Director
- Jayant DuaManaging Director(Designate), Director
- Ashok Kumar PChief Legal Officer
Company facts
- NSE symbolULTRACEMCO
- BSE code532538
- ISININE481G01011
- IndustryConstruction - Raw Materials
- IndexNIFTY 50, NIFTY 500
- Market cap₹3,27,437 Cr
- Revenue (FY26)₹88,512 Cr
- Net profit (FY26)₹8,166 Cr
In the News
Recent headlines about UltraTech Cement — they open on Mint in a new tab.
- Stock recommendations for 23 September from MarketSmith India
MarketSmith India reveals its top stock recommendations for today, 23 September. Get expert insights into the best-performing stocks to guide your investment decisions.
23 Sep 2026 · 11 min read · Mint ↗ - India’s equity fundraising may not cross last year’s high of $60 billion this year: Jefferies
Jefferies expects India’s equity fundraising to reach $55-60 billion this year, below 2025’s record, but sees IPOs adding $1.5 trillion in market capitalization over the next five-seven years.
22 Sep 2026 · 6 min read · Mint ↗ - Stock recommendations for 22 September from MarketSmith India
MarketSmith India reveals its top stock recommendations for today, 22 September. Get expert insights into the best-performing stocks to guide your investment decisions.
22 Sep 2026 · 11 min read · Mint ↗ - Polycab stock may get relief in Q2 amid rising competition fears
Polycab may stay relatively insulated from Ultravolt’s entry for now. Its cables-heavy mix limits the immediate competitive risk, while firm copper prices and advance purchases ahead of expected price hikes could give Q2 revenue and volumes a lift.
17 Sep 2026 · 1 min read · Mint ↗ - Cement companies' attempts to hike prices may fall flat
So far in 2026, stocks of large cement companies have declined more than the 10% fall in benchmark index Nifty50. Valuations have moderated, but unless fundamentals improve, that’s not enticing enough.
15 Sep 2026 · 3 min read · Mint ↗ - Raja Venkatraman recommends three stocks for 9 September
Market expert Raja Venkatraman shares his top stock picks for 9 September. Here’s his technical outlook and trade strategy.
9 Sep 2026 · 6 min read · Mint ↗ - Ultravolt launch impact on UltraTech Cement shares: HDFC Securities says stock will jump from ₹11,408 to ₹14,500
Stock to buy: UltraTech Cement's foray into the wires and cables business is likely to boost the company's revenue growth in the coming years. HDFC Securities has raised UltraTech Cement target price.
8 Sep 2026 · 2 min read · Mint ↗ - Delhi HC dismisses UltraTech's plea against builders' association joining CCI in grey cement cartel probe
UltraTech challenged the Competition Commission of India’s decision before the high court, arguing that Builders Association of India should not have been made a party because it was only an informant.
8 Sep 2026 · 3 min read · Mint ↗
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