Valuation UltraTech Cement Limited

Equities

Market Closed - NSE India S.E. Other stock markets 12:05:10 05/06/2026 BST			5-day change	1st Jan Change
10,912.00 ^INR	-0.77%		-4.96%	-7.40%

05-21	India's JSW Cement posts quarterly profit surge on improved demand	RE
05-20	India's Grasim Industries quarterly loss narrows as core businesses strengthen	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	3,210,019	-	-
Change	-	-2%	15.42%	27.84%	18.03%	-3.23%	-	-
Enterprise Value (EV) ¹	2,101,280	1,953,423	2,227,467	2,850,651	3,502,027	3,337,499	3,400,660	3,357,560
Change	-	-7.04%	14.03%	27.98%	22.85%	-4.7%	0.07%	-1.27%
P/E ratio	35.6x	25.9x	43.4x	40.1x	56.1x	38.7x	32.7x	25.6x
PBR	4.4x	3.78x	4.05x	4.67x	4.8x	4.13x	3.86x	3.51x
PEG	-	0.8x	-1.4x	1x	-3.6x	1.1x	1.7x	0.9x
Capitalization / Revenue	4.35x	3.62x	3.45x	3.96x	4.37x	3.57x	3.23x	2.89x
EV / Revenue	4.7x	3.71x	3.49x	4.02x	4.61x	3.77x	3.42x	3.02x
EV / EBITDA	18.2x	17x	21x	22x	27.9x	19.6x	17.6x	14.4x
EV / EBIT	23.7x	22.2x	28.8x	29x	41x	27x	23.7x	18.7x
EV / FCF	19.9x	53.2x	77.7x	151x	227x	57.5x	56.9x	40.5x
FCF Yield	5.03%	1.88%	1.29%	0.66%	0.44%	1.74%	1.76%	2.47%
Dividend per Share ²	37	38	38	70	77.5	79.56	115.4	134
Rate of return	0.55%	0.58%	0.5%	0.72%	0.67%	0.73%	1.06%	1.23%
EPS ²	189.3	254.5	175.5	242.9	205.1	277.4	333.7	427
Distribution rate	19.5%	14.9%	21.6%	28.8%	37.8%	28.5%	34.6%	31.4%
Net sales ¹	447,258	525,988	637,431	709,081	759,551	885,115	993,995	1,110,869
EBITDA ¹	115,679	115,144	106,198	129,686	125,574	170,202	193,431	233,401
EBIT ¹	88,677	87,996	77,359	98,233	85,425	123,758	143,283	179,097
Net income ¹	54,631	73,443	50,640	70,050	60,391	81,656	98,382	125,381
Net Debt ¹	157,760	48,803	29,146	40,304	184,986	176,607	190,640	147,540
Reference price ²	6,737.95	6,602.30	7,622.15	9,749.15	11,509.55	10,912.00	10,912.00	10,912.00
Nbr of stocks (in thousands)	288,444	288,478	288,412	288,266	288,199	294,173	-	-
Announcement Date	07/05/21	29/04/22	28/04/23	29/04/24	28/04/25	27/04/26	-	-

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	39.14x	3.85x	20.39x	0.73%	33.69B
CRH PLC	17.65x	2.09x	10.02x	1.49%	70.2B
VULCAN MATERIALS COMPANY	30.46x	4.91x	16.1x	0.74%	36.51B
HEIDELBERG MATERIALS AG	13.94x	1.65x	7.54x	2.18%	36.51B
MARTIN MARIETTA MATERIALS, INC.	30.71x	5.47x	16.01x	0.59%	34.58B
AMRIZE AG	20.59x	2.67x	10.15x	1.25%	29.75B
GRASIM INDUSTRIES LIMITED	496.28x	5.43x	127.82x	0.32%	21.98B
CHINA JUSHI CO., LTD.	22.65x	6.38x	14.41x	1.88%	21.65B
CEMEX, S.A.B. DE C.V.	12.08x	1.33x	6.68x	0.8%	18.08B
AMBUJA CEMENTS	34.58x	2.27x	13.96x	0.5%	10.88B
Average	71.81x	3.60x	24.31x	1.05%	31.38B
Weighted average by Cap.	56.87x	3.48x	20.72x	1.15%