Financials UltraTech Cement Limited

Equities

ULTRACEMCO

INE481G01011

Construction Materials

Delayed NSE India S.E. Other stock markets 02:52:41 11/07/2025 pm IST			5-day change	1st Jan Change
12,501.00 ^INR	-0.12%		+0.82%	+9.40%

04/07	UltraTech Cement Limited Announces Resignation of Chief Legal Officer, Effective July 3, 2025	CI
04/07	UltraTech Cement Limited - Shareholder/Analyst Call

Projected Income Statement: UltraTech Cement Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	4,47,258	5,25,988	6,37,431	7,09,081	7,59,551	8,91,013	9,85,687	10,91,139
Change	-	17.6%	21.19%	11.24%	7.12%	17.31%	10.63%	10.7%
EBITDA ¹	1,15,679	1,15,144	1,06,198	1,29,686	1,25,574	1,79,328	2,17,221	2,52,949
Change	-	-0.46%	-7.77%	22.12%	-3.17%	42.81%	21.13%	16.45%
EBIT ¹	88,677	87,996	77,359	98,233	85,425	1,32,173	1,66,396	1,99,312
Change	-	-0.77%	-12.09%	26.98%	-13.04%	54.72%	25.89%	19.78%
Interest Paid ¹	-14,856	-9,447	-8,227	-9,680	-16,505	-19,218	-15,905	-11,735
Earnings before Tax (EBT) ¹	78,576	83,627	74,162	94,222	75,387	1,21,731	1,58,647	1,97,936
Change	-	6.43%	-11.32%	27.05%	-19.99%	61.47%	30.33%	24.77%
Net income ¹	54,631	73,443	50,640	70,050	60,391	92,368	1,20,461	1,47,842
Change	-	34.43%	-31.05%	38.33%	-13.79%	52.95%	30.41%	22.73%
Announcement Date	07/05/21	29/04/22	28/04/23	29/04/24	28/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	76,338	1,03,542	1,22,541	1,44,056	1,18,298	1,20,168	1,29,849	1,57,673	1,51,640	1,38,927	1,56,475	1,87,832	1,77,371	1,60,121	1,67,400	2,04,189	1,80,696	1,56,347	1,71,933	2,30,633	2,03,136	1,46,012	1,57,105	4,32,987
Change	-	35.64%	18.35%	17.56%	-17.88%	1.58%	8.06%	21.43%	-3.83%	-8.38%	12.63%	20.04%	-5.57%	-9.73%	4.55%	21.98%	-11.51%	-13.47%	9.97%	34.14%	-11.92%	-28.12%	7.6%	175.6%
EBITDA ¹	20,746	26,949	30,943	36,904	33,075	27,147	24,194	30,728	30,949	18,666	23,358	33,225	30,492	25,509	32,546	41,139	30,393	20,183	28,871	46,184	43,635	39,884	46,878	52,848
Change	-	29.9%	14.82%	19.27%	-10.38%	-17.92%	-10.88%	27.01%	0.72%	-39.69%	25.14%	42.24%	-8.23%	-16.34%	27.59%	26.4%	-26.12%	-33.59%	43.05%	59.97%	-5.52%	-8.6%	17.54%	12.74%
EBIT ¹	-	20,225	-	29,924	26,477	20,373	17,452	23,694	23,997	11,572	16,126	25,623	23,001	17,531	24,711	32,990	21,967	11,144	19,704	34,939	11,218	16,838	20,088	91,622
Change	-	-	-	-	-11.52%	-23.05%	-14.34%	35.77%	1.28%	-51.78%	39.35%	58.89%	-10.23%	-23.78%	40.96%	33.5%	-33.41%	-49.27%	76.81%	77.32%	-67.89%	50.11%	19.3%	356.11%
Charge d'intérêts ¹	-3,930	-3,568	-3,583	-3,772	-3,261	-2,300	-1,823	-2,063	-2,158	-2,003	-2,152	-1,914	-2,108	-2,339	-2,622	-2,612	-2,556	-3,171	-3,819	-4,750	-4,900	-5,000	-5,100	-5,272
Earnings before Tax (EBT) ¹	11,566	14,650	23,320	26,390	25,264	19,474	16,334	22,555	22,926	11,032	15,272	24,924	22,631	16,897	23,552	31,105	21,423	10,180	18,315	31,116	30,640	18,300	25,200	37,880
Change	-	26.66%	59.18%	13.16%	-4.26%	-22.92%	-16.13%	38.09%	1.65%	-51.88%	38.44%	63.2%	-9.2%	-25.33%	39.38%	32.07%	-31.13%	-52.48%	79.91%	69.89%	-1.53%	-40.28%	37.7%	50.32%
Net income ¹	7,974	12,344	15,843	17,752	17,026	13,135	17,077	26,204	15,841	7,557	10,582	16,660	16,884	12,814	17,770	22,581	16,966	8,200	14,695	24,820	23,146	14,100	24,616	34,300
Change	-	54.79%	28.35%	12.05%	-4.09%	-22.85%	30.01%	53.45%	-39.55%	-52.29%	40.02%	57.43%	1.35%	-24.1%	38.67%	27.08%	-24.87%	-51.67%	79.2%	68.9%	-6.75%	-39.08%	74.58%	39.34%
Announcement Date	28/07/20	21/10/20	23/01/21	07/05/21	22/07/21	18/10/21	17/01/22	29/04/22	22/07/22	19/10/22	21/01/23	28/04/23	21/07/23	19/10/23	19/01/24	29/04/24	19/07/24	21/10/24	23/01/25	28/04/25	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2025 S1
Net sales ¹	3,37,043
Change	-
EBITDA ¹	50,576
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	21/10/24

¹INR in Million

Estimates

Forecast Balance Sheet: UltraTech Cement Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	1,57,760	48,803	29,146	40,304	1,84,986	1,70,711	1,10,220	57,454
Change	-	-69.07%	-40.28%	38.28%	358.98%	-7.72%	-35.43%	-47.87%
Announcement Date	07/05/21	29/04/22	28/04/23	29/04/24	28/04/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: UltraTech Cement Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	19,249	56,134	62,001	90,056	89,506	96,589	82,548	83,477
Change	-	191.63%	10.45%	45.25%	-0.61%	7.91%	-14.54%	1.12%
Free Cash Flow (FCF) ¹	1,05,781	36,698	28,684	18,920	15,441	47,900	88,920	1,05,842
Change	-	-65.31%	-21.84%	-34.04%	-18.39%	210.22%	85.64%	19.03%
Announcement Date	07/05/21	29/04/22	28/04/23	29/04/24	28/04/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: UltraTech Cement Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	25.86%	21.89%	16.66%	18.29%	16.53%	20.13%	22.04%	23.18%
EBIT Margin (%)	19.83%	16.73%	12.14%	13.85%	11.25%	14.83%	16.88%	18.27%
EBT Margin (%)	17.57%	15.9%	11.63%	13.29%	9.93%	13.66%	16.1%	18.14%
Net margin (%)	12.21%	13.96%	7.94%	9.88%	7.95%	10.37%	12.22%	13.55%
FCF margin (%)	23.65%	6.98%	4.5%	2.67%	2.03%	5.38%	9.02%	9.7%
FCF / Net Income (%)	193.63%	49.97%	56.64%	27.01%	25.57%	51.86%	73.82%	71.59%
Profitability
ROA	6.61%	8.64%	5.78%	7.35%	5.15%	7.37%	8.82%	9.59%
ROE	13.13%	15.53%	9.67%	12.32%	9.22%	11.98%	14.19%	14.9%
Financial Health
Leverage (Debt/EBITDA)	1.36x	0.42x	0.27x	0.31x	1.47x	0.95x	0.51x	0.23x
Debt / Free cash flow	1.49x	1.33x	1.02x	2.13x	11.98x	3.56x	1.24x	0.54x
Capital Intensity
CAPEX / Current Assets (%)	4.3%	10.67%	9.73%	12.7%	11.78%	10.84%	8.37%	7.65%
CAPEX / EBITDA (%)	16.64%	48.75%	58.38%	69.44%	71.28%	53.86%	38%	33%
CAPEX / FCF (%)	18.2%	152.96%	216.15%	476%	579.67%	201.65%	92.83%	78.87%
Items per share
Cash flow per share ¹	433.3	321.7	314.1	377.8	362.5	488.3	609.5	642.4
Change	-	-25.75%	-2.36%	20.28%	-4.05%	34.7%	24.81%	5.39%
Dividend per Share ¹	37	38	38	70	77.5	78.98	93.91	122.9
Change	-	2.7%	0%	84.21%	10.71%	1.91%	18.91%	30.88%
Book Value Per Share ¹	1,530	1,747	1,882	2,086	2,399	2,629	2,957	3,295
Change	-	14.15%	7.72%	10.86%	15.01%	9.55%	12.5%	11.44%
EPS ¹	189.3	254.5	175.5	242.9	205.1	306.5	403.1	457.6
Change	-	34.44%	-31.03%	38.36%	-15.54%	49.42%	31.51%	13.52%
Nbr of stocks (in thousands)	2,88,444	2,88,478	2,88,412	2,88,266	2,88,199	2,94,173	2,94,173	2,94,173
Announcement Date	07/05/21	29/04/22	28/04/23	29/04/24	28/04/25	-	-	-