Valuation UltraTech Cement Limited

Equities

Market Closed - NSE India S.E. Other stock markets 07:05:04 2026-04-17 am EDT			5-day change	1st Jan Change
11,886.00 ^INR	+0.51%		+2.56%	+0.87%

Apr. 17	UltraTech Cement commissions 8.7 mtpa of cement capacity	RE
Apr. 17	Ultratech Cement to commission three new grinding units with 8.7 mtpa capacity	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,943,520	1,904,620	2,198,321	2,810,347	3,317,041	3,496,544	-	-
Change	-	-2%	15.42%	27.84%	18.03%	5.41%	-	-
Enterprise Value (EV) ¹	2,101,280	1,953,423	2,227,467	2,850,651	3,502,027	3,686,380	3,664,198	3,611,902
Change	-	-7.04%	14.03%	27.98%	22.85%	5.26%	-0.6%	-1.43%
P/E ratio	35.6x	25.9x	43.4x	40.1x	56.1x	42.6x	32.8x	26.5x
PBR	4.4x	3.78x	4.05x	4.67x	4.8x	4.51x	4.08x	3.65x
PEG	-	0.8x	-1.4x	1x	-3.6x	1.2x	1.1x	1.1x
Capitalization / Revenue	4.35x	3.62x	3.45x	3.96x	4.37x	3.96x	3.54x	3.18x
EV / Revenue	4.7x	3.71x	3.49x	4.02x	4.61x	4.17x	3.7x	3.28x
EV / EBITDA	18.2x	17x	21x	22x	27.9x	22.1x	18.5x	15.4x
EV / EBIT	23.7x	22.2x	28.8x	29x	41x	30.4x	23.9x	19.4x
EV / FCF	19.9x	53.2x	77.7x	151x	227x	95.2x	58.7x	40.2x
FCF Yield	5.03%	1.88%	1.29%	0.66%	0.44%	1.05%	1.7%	2.49%
Dividend per Share ²	37	38	38	70	77.5	79.56	91.19	104.1
Rate of return	0.55%	0.58%	0.5%	0.72%	0.67%	0.67%	0.77%	0.88%
EPS ²	189.3	254.5	175.5	242.9	205.1	278.8	362.1	449.1
Distribution rate	19.5%	14.9%	21.6%	28.8%	37.8%	28.5%	25.2%	23.2%
Net sales ¹	447,258	525,988	637,431	709,081	759,551	883,397	988,997	1,100,441
EBITDA ¹	115,679	115,144	106,198	129,686	125,574	166,693	198,056	234,333
EBIT ¹	88,677	87,996	77,359	98,233	85,425	121,348	153,051	186,363
Net income ¹	54,631	73,443	50,640	70,050	60,391	82,061	105,410	131,080
Net Debt ¹	157,760	48,803	29,146	40,304	184,986	189,836	167,654	115,358
Reference price ²	6,737.95	6,602.30	7,622.15	9,749.15	11,509.55	11,886.00	11,886.00	11,886.00
Nbr of stocks (in thousands)	288,444	288,478	288,412	288,266	288,199	294,173	-	-
Announcement Date	5/7/21	4/29/22	4/28/23	4/29/24	4/28/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ULTRATECH CEMENT LIMITED	42.63x	4.17x	22.11x	0.67%	37.79B
CRH PLC	19.61x	2.32x	11.1x	1.34%	78.21B
HEIDELBERG MATERIALS AG	15.17x	1.79x	8.12x	1.99%	40.82B
VULCAN MATERIALS COMPANY	31.99x	5.16x	16.75x	0.72%	38.06B
MARTIN MARIETTA MATERIALS, INC.	31.38x	5.91x	17.3x	0.55%	37.48B
AMRIZE AG	22.4x	2.91x	11.02x	0.97%	32.64B
GRASIM INDUSTRIES LIMITED	438.37x	4.8x	113.3x	0.37%	19.95B
CHINA JUSHI CO., LTD.	24.74x	6.34x	15.17x	1.18%	19.5B
CEMEX, S.A.B. DE C.V.	10.97x	1.31x	6.62x	0.83%	17.48B
AMBUJA CEMENTS	29.84x	2.71x	15.8x	0.48%	12.32B
Average	66.71x	3.74x	23.73x	0.91%	33.42B
Weighted average by Cap.	49.89x	3.59x	19.59x	1.02%