UltraTech Cement vs Grasim Industries: share price, P/E, ROE and financials compared
UltraTech Cement
Grasim Industries
UltraTech Cement and Grasim Industries at a glance
UltraTech Cement and Grasim Industries are both listed in Construction Materials. UltraTech Cement is the larger by market cap, at ₹3.7L Cr against ₹2.2L Cr for Grasim Industries (1.7 times as large). On valuation, Grasim Industries has the lower P/E (38.5× against 41.6×) and the lower price-to-book (2.12× against 4.98×). On returns and margins, UltraTech Cement has the higher ROCE (11.8% against 4.0%), the higher ROE (11.5% against 4.9%) and the higher operating margin (19.1% against 15.0%). Over three years, UltraTech Cement has faster 3-year profit growth (+17.3% against −10.1% a year), while Grasim Industries has faster 3-year sales growth (+14.3% against +11.9% a year). UltraTech Cement carries less debt for its equity, with a debt-to-equity of 0.38× against 1.35×.
Key metrics, side by side
| Metric | UltraTech CementULTRACEMCO | Grasim IndustriesGRASIM |
|---|---|---|
| Price (₹) | 12,450.00 | 3,227.00 |
| Market cap (₹ Cr) | 3,66,110 | 2,18,884 |
| P/E | 41.6× | 38.5× (the lower figure, shaded) |
| P/B | 4.98× | 2.12× (the lower figure, shaded) |
| Dividend yield, trailing | 1.93% (the higher figure, shaded) | 0.31% |
| ROE | 11.5% (the higher figure, shaded) | 4.9% |
| ROCE | 11.8% (the higher figure, shaded) | 4.0% |
| Operating margin (OPM) | 19.1% (the higher figure, shaded) | 15.0% |
| Net margin (NPM) | 9.2% (the higher figure, shaded) | 3.1% |
| Sales CAGR 3Y | +11.9% | +14.3% (the higher figure, shaded) |
| Profit CAGR 3Y | +17.3% (the higher figure, shaded) | −10.1% |
| Debt to equity | 0.38× (the lower figure, shaded) | 1.35× |
| Interest cover | 7.0× (the higher figure, shaded) | 5.2× |
| Net profit TTM (₹ Cr) | 8,801 | – |
| 1Y return | +3.6% | +12.0% (the higher figure, shaded) |
| Promoter holding | – | 45.20% |
UltraTech Cement vs Grasim Industries: common questions
Which is bigger, UltraTech Cement or Grasim Industries?
By market cap, UltraTech Cement is bigger at ₹3.7L Cr, against ₹2.2L Cr for Grasim Industries (prices as of 6 Nov 2026).
Which has a lower P/E ratio, UltraTech Cement or Grasim Industries?
UltraTech Cement trades at a P/E of 41.6× and Grasim Industries at 38.5×. Grasim Industries has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, UltraTech Cement or Grasim Industries?
UltraTech Cement reports a return on equity of 11.5% and Grasim Industries 4.9%. UltraTech Cement has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, UltraTech Cement or Grasim Industries?
Over the last three years: Sales grew +11.9% a year at UltraTech Cement and +14.3% at Grasim Industries, so Grasim Industries grew sales faster; profit grew +17.3% a year at UltraTech Cement and −10.1% at Grasim Industries, so UltraTech Cement grew profit faster. Past growth doesn’t predict future growth.