UltraTech Cement share price, P/E, ROE & financials

UltraTech Cement (ULTRACEMCO) had a P/E of 41.6× on 6 Nov 2026, above the industry P/E of 27.3×. Sales and net profit grew 12% and 17% a year over 3 years; its ROCE of 12% is the second-highest among the 7 largest Building Materials peers. Debt is 0.38× equity, and its dividend yield is 2.0%. It is a large-cap company with a market cap of ₹3.7 lakh crore, the largest of 58 Building Materials companies by market cap; the shares rose 3.6% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹12,151.00
Day high: ₹12,450.00
Day low: ₹12,097.00
Prev. close: ₹12,250.00
Volume: 4.8 L

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
+3.6% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 41.6 vs industry 27.3.
GrowthSteady
Sales +11.9%, profit +17.3% a year over 3 years.
ProfitabilityAverage
ROCE 11.8% vs peer median 9.6%.
Balance sheetSolid
Debt 0.38× equity, interest covered 7.0×, Piotroski 8 of 9.
Red flags1 to check
P/E of 41.6 against an industry P/E of 27.3.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Large cap

₹3.7L Cr, the largest of 58 in its industry.

Defensive

Beta 0.46 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹95,572 Cr · profit ₹8,801 Cr

Market cap: ₹3.7L Cr; Large cap
P/E: 41.6; Industry 27.3
Price to book: 4.98; Peers 2.12
Dividend yield: 1.96%
ROE: 11.5%; Peers 4.9%
ROCE: 11.8%; Peers 9.6%
Debt to equity: 0.38; Debt ₹29,289 Cr
EPS (TTM): ₹299.03; Face value ₹10
OPM (TTM): 19.1%; Net margin 9.2%
Sales growth: +18.8%; Latest quarter vs a year ago
Profit growth: +21.3%; Latest quarter vs a year ago
Price to sales: 3.83; EV/EBITDA 22.0

Strengths

Quarterly profit up 21.3% on a year ago.
Quarterly sales up 18.8% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 41.6 against an industry P/E of 27.3.

Derived automatically from reported figures. Not a recommendation.

About UltraTech Cement

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…

Headquarters: Mumbai
Employees: 28,399
Sector: Basic Materials
ISIN: INE481G01011
Website: ultratechcement.com

Price range

52 weeks

₹10,325.00₹13,110.00

Today

₹12,097.00₹12,450.00

Avg volume (3M): 2.7 L
1-year return: plus 3.6%
From 52-week high: minus 5.0%

Analyst consensus

37 analysts

No consensusMean target ₹13,622.30 9.4%

Target range, with today’s price

Low ₹8,900.00High ₹15,330.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	18.4%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
RAMCOCEMThe Ramco Cements	817.35	plus 0.70%	19,313	30.0	15.9	9.6%	14.9%	0.48	3.3%	minus 21.0%
Median of 7 peers	–	0.67%	40,487	38.5	15.9	9.6%	15.0%	0.48	5.7%	−21.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
21,275	21,830	25,799	24,648	23,295
16,865	17,914	20,199	19,633	19,574
4,410	3,915	5,600	5,015	3,721
20.7%	17.9%	21.7%	20.3%	16.0%
176	131	86.2	132	109
433	492	487	453	552
1,107	1,182	1,208	1,201	1,213
−38.4	−89.2	−10.9	−13.3	−6.3
3,008	2,283	3,981	3,480	2,059
26.2%	24.2%	24.6%	25.2%	27.1%
2,226	1,725	2,983	2,599	1,494
75.61	58.62	101.35	88.31	50.75

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +11.9%
Profit CAGR 3Y: +17.3%
EPS CAGR 3Y: +16.5%
ROE: 11.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
62,338	69,810	74,936	87,384
–	+12.0%	+7.3%	+16.6%
51,872	56,996	62,498	70,494
10,465	12,814	12,438	16,889
16.8%	18.4%	16.6%	19.3%
471	786	386	402
762	960	1,626	1,811
2,888	3,145	4,015	4,644
130	−72	345	91.5
7,416	9,422	7,528	10,927
31.6%	25.7%	19.8%	25.1%
5,064	7,005	6,039	8,166
–	+38.3%	minus 13.8%	+35.2%
175.54	242.87	205.13	277.45

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
289	289	295	295
54,036	59,939	70,412	76,329
11,058	11,403	24,102	23,755
26,005	29,172	38,889	40,997
91,387	1,00,802	1,33,697	1,41,376
59,449	65,641	94,528	99,498
6,559	9,468	8,592	9,604
584	1,795	1,997	2,684
7,030	6,403	4,556	5,234
17,765	17,495	24,024	24,356
91,387	1,00,802	1,33,697	1,41,376

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9,069	10,898	10,673	15,316
−7,187	−8,788	−16,504	−9,480
−1,631	−1,926	5,076	−5,954
250	184	−755	−118
−6,200	−9,006	−9,129	−9,678
2,868	1,892	1,544	5,638
−1,091	−1,094	−2,012	−2,273

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 23.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you