UltraTech Cement Ltd

UltraTech Cem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

UltraTech Cement Ltd

₹ 10,955 1.72%
21 Nov - close price
ultratechcement.com; www.adityabirla.com BSE: 532538 NSE: ULTRACEMCO
About

UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe.[1]

Key Points

Market Leadership
The company is the 3rd largest cement company in the world, excluding China. It is also the largest cement manufacturer in India with a 22% share of the grey cement capacity. [1]

Website BSE NSE
  • Market Cap ₹ 3,16,264 Cr.
  • Current Price ₹ 10,955
  • High / Low ₹ 12,138 / 8,544
  • Stock P/E 48.6
  • Book Value ₹ 2,086
  • Dividend Yield 0.64 %
  • ROCE 15.5 %
  • ROE 12.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 22.3%

Cons

  • Stock is trading at 5.25 times its book value
  • Company has a low return on equity of 12.2% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
11,548 12,471 15,168 14,715 13,482 15,008 18,112 17,225 15,476 16,134 19,806 17,532 14,905
8,948 10,249 12,225 11,786 11,766 12,863 14,881 14,225 13,025 12,985 15,786 14,551 12,973
Operating Profit 2,600 2,221 2,943 2,929 1,716 2,145 3,231 3,000 2,451 3,149 4,020 2,981 1,933
OPM % 23% 18% 19% 20% 13% 14% 18% 17% 16% 20% 20% 17% 13%
142 109 145 166 165 158 151 209 158 140 82 211 182
Interest 183 165 175 200 187 194 175 192 211 237 227 220 282
Depreciation 613 609 637 628 643 654 733 720 768 754 786 814 850
Profit before tax 1,946 1,556 2,276 2,268 1,051 1,456 2,475 2,297 1,631 2,298 3,090 2,158 982
Tax % 33% -5% -8% 31% 32% 32% 33% 25% 25% 25% 27% 21% 19%
1,300 1,632 2,454 1,554 718 994 1,658 1,714 1,221 1,718 2,252 1,708 797
EPS in Rs 45.04 56.52 85.01 53.83 24.89 34.44 57.42 59.39 42.28 59.51 78.01 59.17 27.60
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
19,383 19,384 21,911 23,709 23,891 29,358 39,999 40,649 43,188 50,663 61,237 68,641 68,378
14,707 15,566 17,716 19,082 18,922 23,475 32,920 31,997 32,224 39,727 50,952 56,021 56,295
Operating Profit 4,675 3,818 4,195 4,627 4,969 5,883 7,079 8,652 10,965 10,936 10,286 12,620 12,083
OPM % 24% 20% 19% 20% 21% 20% 18% 21% 25% 22% 17% 18% 18%
305 329 372 481 646 373 383 727 625 612 505 590 616
Interest 210 319 547 512 571 1,191 1,648 1,704 1,259 798 756 867 967
Depreciation 945 1,052 1,133 1,297 1,268 1,764 2,321 2,455 2,434 2,457 2,773 3,027 3,204
Profit before tax 3,825 2,776 2,886 3,299 3,776 3,302 3,492 5,220 7,896 8,293 7,262 9,316 8,528
Tax % 31% 23% 30% 28% 30% 32% 31% -5% 32% 15% 32% 26%
2,655 2,144 2,015 2,370 2,628 2,231 2,412 5,456 5,342 7,067 4,951 6,905 6,475
EPS in Rs 96.85 78.20 73.42 86.37 95.72 81.25 87.84 189.02 185.07 244.80 171.52 239.18 224.29
Dividend Payout % 9% 12% 12% 11% 10% 13% 13% 7% 20% 16% 22% 29%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 17%
TTM: 4%
Compounded Profit Growth
10 Years: 13%
5 Years: 23%
3 Years: 9%
TTM: 16%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 13%
1 Year: 25%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 274 274 274 274 275 275 275 289 289 289 289 289 289
Reserves 14,961 16,823 18,583 21,357 23,666 25,648 33,023 38,008 43,064 48,982 53,119 58,807 59,926
5,409 5,199 7,414 8,250 6,240 17,420 20,637 18,282 18,314 10,776 9,704 9,011 14,437
6,766 7,457 8,943 8,409 9,100 11,030 15,337 15,239 18,749 20,615 25,303 28,525 26,941
Total Liabilities 27,409 29,754 35,215 38,291 39,281 54,373 69,271 71,817 80,416 80,662 88,415 96,631 101,593
13,122 15,872 20,947 22,688 23,232 37,211 46,637 46,775 45,466 45,577 56,562 59,930 63,070
CWIP 3,505 2,042 2,074 1,416 878 1,474 1,111 870 1,528 4,627 3,998 6,765 6,350
Investments 5,109 5,392 5,209 5,793 7,409 6,163 7,065 10,083 17,570 11,725 9,433 9,237 9,228
5,672 6,449 6,985 8,394 7,762 9,525 14,459 14,089 15,853 18,734 18,421 20,699 22,945
Total Assets 27,409 29,754 35,215 38,291 39,281 54,373 69,271 71,817 80,416 80,662 88,415 96,631 101,593

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,552 3,242 4,083 4,354 4,723 3,618 6,116 8,259 11,549 8,670 9,757 10,899
-4,282 -2,210 -1,879 -3,757 -2,365 1,897 -3,988 -3,951 -8,984 789 -7,122 -7,830
683 -897 -2,267 -582 -2,383 -5,501 -1,769 -4,591 -2,586 -9,501 -2,379 -2,861
Net Cash Flow -47 135 -63 15 -25 13 360 -283 -21 -42 257 208

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 24 20 22 20 21 21 17 19 20 19 19
Inventory Days 295 262 282 209 202 242 207 204 180 220 247 262
Days Payable 273 269 159 145 155 173 162 162 205 228 266 265
Cash Conversion Cycle 41 18 143 86 66 90 66 59 -5 12 0 16
Working Capital Days -21 -7 -30 -59 -33 -26 -5 -1 -22 -4 -33 -34
ROCE % 20% 13% 13% 13% 14% 13% 11% 12% 16% 15% 13% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.96% 59.98% 59.99%
15.74% 14.03% 13.12% 14.06% 14.11% 14.77% 15.81% 16.65% 18.20% 17.74% 18.15% 17.95%
15.15% 16.39% 18.16% 17.30% 17.40% 16.93% 15.95% 15.04% 13.68% 14.14% 13.83% 14.08%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
9.00% 9.48% 8.62% 8.50% 8.35% 8.14% 8.09% 8.11% 7.95% 7.92% 7.82% 7.75%
0.10% 0.09% 0.09% 0.14% 0.13% 0.15% 0.14% 0.18% 0.18% 0.17% 0.17% 0.17%
No. of Shareholders 3,31,3193,95,9724,33,1964,15,4033,83,9713,66,4373,49,2813,47,9043,42,4223,57,6273,53,5653,56,405

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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