Fundamentals scanner
Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
UltraTech Cement
Basic MaterialsBullish- Market cap
- ₹3,41,796 Cr
- P/E
- 40.0x
- ROE
- —
- Debt / equity
- 0.29
What the company does
UltraTech Cement Limited, together with its subsidiaries, engages in the manufacturing, marketing, and distribution of building materials in India and internationally. It offers grey cement, including ordinary Portland, composite, and weather plus, as well as Portland pozzolana, pozzolana super, and slag cement; white cement, wall care putty, and value-added products; and ready-mix concrete. The company also provides tile adhesives, gouts, cleaners, and fixing accessories; waterproof coatings, preformed membranes, and repair and integral waterproofing solutions; and ready-mix plasters and industrial and precision grouts. It also provides building solutions and support services; and infrastructure solutions, such as decorative, durability multiplayer, smart repair, advance structural, and floor and slab solutions. The company was formerly known as UltraTech CemCo Limited and changed its name to UltraTech Cement Limited in October 2004. UltraTech Cement Limited was incorporated in 2000 and is based in Mumbai, India. The company operates as a subsidiary of Grasim Industries Limited.
Valuation — what you are paying
How the price compares to earnings, assets and cash generation.
- P/E (trailing)40.0xFair
You are paying 40.0 years of current profit for each share. The earnings yield is 2.5%.
- P/B (price to book)4.5xFair
The market values the company at 4.5× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
- EV / EBITDA20.5xFair
This is the only common multiple that accounts for debt — it is what an actual acquirer would look at, because they would inherit the borrowings.
- Dividend yield2.07%Strong
Pays 2.07% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Profitability — is this a good business?
Returns on capital and margins, the numerical shadow of a moat.
- Return on equity—No data
Not available.
- Return on assets—No data
Not available.
- Operating margin15.5%Fair
Keeps ₹15.5 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
- Net margin9.3%Fair
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Financial strength — can it survive a bad year?
Leverage and liquidity. This is where fragility shows up first.
- Debt to equity0.29Strong
A conservative balance sheet that can absorb a downturn without a crisis.
- Current ratio—No data
Not available.
- Total debt₹23755.09 CrNo data
Against cash of ₹5119.97 Cr. Net debt is what matters, not gross borrowings.
- Free cash flow—No data
Not available.
Growth — is it getting bigger?
Revenue and earnings momentum, and how the two compare.
- Revenue growth (yoy)+15.9%Strong
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
- Earnings growth (yoy)+16.8%Strong
Profits are growing faster than sales — margins are expanding, which is the sign of genuine operating leverage.
- Revenue (TTM)₹91884.28 CrNo data
EBITDA of ₹17743.06 Cr and operating cash flow of —.
- PEG ratio1.22Fair
P/E divided by expected growth. Only as reliable as that growth forecast, which is usually optimistic.
Financial statements
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹82169.65 Cr | ₹75955.13 Cr | ₹70908.14 Cr | ₹63743.06 Cr |
| Cost of revenue | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Gross profit | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating expenses | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating income | — | — | — | — |
| Interest expense | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Net profit | ₹8165.64 Cr | ₹6039.11 Cr | ₹7005.00 Cr | ₹5063.96 Cr |