UltraTech Cement Ltd

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

UltraTech Cement Ltd

₹ 11,423 -2.12%
20 Dec - 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 ₹ 3,29,774 Cr.
  • Current Price ₹ 11,423
  • High / Low ₹ 12,145 / 9,250
  • Stock P/E 50.2
  • Book Value ₹ 2,126
  • Dividend Yield 0.61 %
  • ROCE 15.1 %
  • ROE 12.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Stock is trading at 5.37 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

Consolidated Figures in Rs. Crores / View Standalone

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
12,017 12,985 15,767 15,164 13,893 15,521 18,662 17,737 16,012 16,740 20,419 18,070 15,635
9,302 10,566 12,695 12,069 12,028 13,185 15,340 14,688 13,461 13,485 16,305 15,030 13,618
Operating Profit 2,715 2,419 3,073 3,095 1,865 2,336 3,322 3,049 2,551 3,255 4,114 3,039 2,017
OPM % 23% 19% 19% 20% 13% 15% 18% 17% 16% 19% 20% 17% 13%
140 71 253 110 146 130 123 177 171 146 73 201 221
Interest 230 182 206 216 200 215 191 211 234 262 261 256 317
Depreciation 677 674 703 695 708 723 762 749 798 783 815 843 904
Profit before tax 1,947 1,634 2,416 2,293 1,103 1,527 2,492 2,267 1,690 2,355 3,111 2,142 1,017
Tax % 33% -5% -8% 31% 31% 30% 33% 25% 24% 25% 27% 21% 19%
1,310 1,710 2,614 1,582 759 1,063 1,670 1,690 1,280 1,775 2,259 1,695 825
EPS in Rs 45.50 59.16 90.78 54.87 26.18 36.66 57.71 58.49 44.39 61.55 78.22 58.77 28.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
20,514 20,730 23,306 25,153 25,375 30,979 41,462 42,430 44,726 52,599 63,240 70,908 70,863
15,674 16,695 18,881 20,252 20,162 24,834 34,115 33,184 33,158 41,084 52,620 57,940 58,439
Operating Profit 4,839 4,035 4,425 4,901 5,212 6,145 7,347 9,246 11,568 11,514 10,620 12,969 12,425
OPM % 24% 19% 19% 19% 21% 20% 18% 22% 26% 22% 17% 18% 18%
304 322 350 464 648 242 350 651 619 669 507 567 641
Interest 252 361 587 566 640 1,238 1,778 1,992 1,486 945 823 968 1,096
Depreciation 1,023 1,139 1,203 1,377 1,348 1,848 2,451 2,723 2,700 2,715 2,888 3,145 3,345
Profit before tax 3,867 2,858 2,986 3,421 3,872 3,301 3,468 5,183 8,001 8,524 7,416 9,422 8,625
Tax % 30% 23% 30% 28% 30% 33% 31% -11% 32% 14% 32% 26%
2,688 2,213 2,102 2,480 2,714 2,224 2,400 5,751 5,462 7,334 5,073 7,004 6,554
EPS in Rs 97.66 80.44 76.47 90.30 98.90 80.92 87.51 199.40 189.26 254.42 175.41 242.65 226.94
Dividend Payout % 9% 11% 12% 11% 10% 13% 13% 7% 20% 15% 22% 29%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 17%
TTM: 4%
Compounded Profit Growth
10 Years: 13%
5 Years: 24%
3 Years: 8%
TTM: 15%
Stock Price CAGR
10 Years: 16%
5 Years: 23%
3 Years: 16%
1 Year: 15%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 14,955 16,908 18,767 21,671 24,117 26,107 33,476 38,755 43,886 50,147 54,036 59,939 61,076
7,342 7,332 9,829 10,616 8,474 19,480 25,337 23,019 21,719 11,299 11,058 11,403 16,964
7,010 7,671 9,183 8,631 9,343 11,280 17,438 17,151 20,282 22,077 25,998 29,167 29,282
Total Liabilities 29,582 32,185 38,053 41,193 42,209 57,141 76,525 79,214 86,176 83,811 91,380 100,797 107,611
15,050 18,100 23,343 25,309 25,904 39,715 56,645 57,151 55,412 55,488 59,579 62,878 68,042
CWIP 3,601 2,186 2,250 1,469 921 1,511 1,153 920 1,687 4,785 4,040 6,811 6,410
Investments 4,709 4,862 4,500 5,095 6,691 5,447 2,921 5,929 12,178 6,336 7,297 8,249 7,579
6,222 7,037 7,961 9,319 8,693 10,468 15,806 15,215 16,900 17,203 20,464 22,859 25,579
Total Assets 29,582 32,185 38,053 41,193 42,209 57,141 76,525 79,214 86,176 83,811 91,380 100,797 107,611

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,618 3,455 4,190 4,526 5,005 3,888 5,956 8,972 12,500 9,283 9,069 10,898
-4,362 -2,342 -2,144 -3,673 -2,501 1,866 1,165 -4,192 -8,856 2,257 -7,188 -8,789
715 -949 -2,110 -844 -2,535 -5,735 -6,757 -5,076 -4,356 -12,498 -1,631 -1,926
Net Cash Flow -30 164 -63 8 -31 18 364 -295 -712 -958 250 183

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 24 29 26 28 25 26 25 20 21 21 22 22
Inventory Days 284 251 266 203 195 226 214 234 207 256 248 255
Days Payable 258 252 154 142 150 165 165 188 234 269 271 260
Cash Conversion Cycle 50 28 138 89 70 87 74 66 -6 9 -0 17
Working Capital Days -15 -2 -42 -47 -23 -17 -16 -25 -26 -21 -29 -25
ROCE % 19% 12% 12% 13% 14% 12% 10% 12% 15% 14% 13% 15%

Shareholding Pattern

Numbers in percentages

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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