This analysis examines UltraTech Cement Ltd. (ULTRACEMCO) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
Ultratech Cement Revenue Trend
UltraTech Cement Ltd. managed to grow its top line 7.2% in FY2025, with revenue hitting ₹76,699 Cr.
A 12.2% CAGR over 10 years puts UltraTech Cement Ltd. in solid growth territory. The top line went from ₹24,349 Cr to ₹76,699 Cr in that span.
UltraTech Cement Ltd. is a major cement and cement products company by revenue, with a top line of ₹76,699 Cr.
The consistency stands out: 10 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹76,699 Cr | +7.2% |
| FY2024 | ₹71,525 Cr | +13.1% |
| FY2023 | ₹63,240 Cr | +20.2% |
| FY2022 | ₹52,599 Cr | +17.6% |
| FY2021 | ₹44,726 Cr | — |
View UltraTech Cement Ltd.'s full 10-year revenue trend with CAGR analysis →
Ultratech Cement Profitability
Net income for UltraTech Cement Ltd. weakened to ₹6,040 Cr in FY2025, 13.8% lower than the ₹7,004 Cr posted in FY2024.
Profitability per rupee of revenue dipped, with net margin at 7.9% against 9.8% in FY2024.
Diluted EPS came in at ₹205.13 for FY2025, down from ₹242.87 a year earlier.
Is Ultratech Cement Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹9,488 for UltraTech Cement Ltd..
UltraTech Cement Ltd. shares are currently trading at ₹11,101.00.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹9,488 | 14.5% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for UltraTech Cement Ltd. with detailed assumptions →
Ultratech Cement Shareholding Pattern
Promoters continue to hold 59.3% of the company, unchanged over recent quarters.
Foreign investors held 14.1% of the company as of March 2026, down year-over-year from 15.7%.
Domestic institutional investors (DIIs) held 18.4% as of March 2026, up from 16.9% a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 59.3% | 14.1% | 18.4% | 7.9% |
| Dec 2025 | 59.3% | 14.9% | 17.4% | 8.1% |
| Sep 2025 | 59.2% | 15.8% | 16.6% | 8.1% |
| Jun 2025 | 59.2% | 15.7% | 16.9% | 8.0% |
Track quarterly shareholding changes for UltraTech Cement Ltd. →
Ultratech Cement Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹1,336.97B at the end of FY2025, up 32.6% from ₹1,008.02B a year earlier.
Property, Plant & Equipment is the largest block at 61.5%, followed by Intangibles & Goodwill at 13.2% and Other Assets at 9.5%.
Equity makes up 55.3% of liabilities and equity, with debt at 18.0% and operating liabilities at 26.7%. Over the year, debt is up 111.4% and equity is up 22.6%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 33.26B |
| Receivables | 58.90B |
| Inventories | 95.63B |
| Property, Plant & Equipment | 822.49B |
| Investments | 22.97B |
| Intangibles & Goodwill | 177.13B |
| Other Assets | 126.58B |
| Category | Value |
|---|---|
| Equity | 738.93B |
| Short-term Debt | 74.53B |
| Long-term Debt | 166.49B |
| Trade Payables | 93.27B |
| Other Liabilities | 263.74B |
Ultratech Cement at a Glance
What should investors take away from UltraTech Cement Ltd.'s (ULTRACEMCO) latest numbers? Here's the summary.
Revenue of ₹76,699 Cr in FY2025, up 7.2% year-over-year.
Long-term revenue has been compounding at 12.2% annually over 10 years.
The company is profitable, with a net margin of 7.9% and net income of ₹6,040 Cr.
The P/E Ratio model implies 14.5% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Get the complete view of UltraTech Cement Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.