Is Ultratech Cement a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ultratech Cement Ltd is a good quality company .

Is Ultratech Cement undervalued or overvalued?

The key valuation ratios of Ultratech Cement Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ultratech Cement share price return in the past 10 years?

Ultratech Cement Ltd share price has appreciated 16% annually (CAGR) over the past ten years.

Is Ultratech Cement a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ultratech Cement Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Ultratech Cement Ltd - Stock Valuation and Financial Performance

Name: Ultratech Cement
Brand: Ultratech Cement

BSE: 532538 | NSE: ULTRACEMCO | Cement & Construction Materials | Large Cap

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Ultratech Cement Share Price

₹10,939.25 164.65 1.53%
as on 21-Nov'24 14:39

10 Year X-Ray of Ultratech Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.4%	13%	13.8%	11.5%	10%	11.8%	14.8%	14.9%	13.2%	15.4%	-
Value Creation Index ⓘ	0.2	0.2	0.2	0.0	-0.1	0.1	0.3	0.3	0.2	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	24,340	25,153	25,375	30,979	41,609	42,430	44,726	52,599	63,240	70,908	70,863
Sales YoY Gr.	-	3.3%	0.9%	22.1%	34.3%	2%	5.4%	17.6%	20.2%	12.1%	-
Adj EPS ⓘ	68.6	88.9	97.6	86.2	85.3	195.4	185.9	245.9	172.1	240.7	226.9
YoY Gr.	-	29.6%	9.8%	-11.7%	-1%	129.1%	-4.9%	32.3%	-30%	39.9%	-
BVPS (₹) ⓘ	693.6	798.8	887.8	960.1	1,031.9	1,351.5	1,528.9	1,745.4	1,879	2,082	2,125.6
Adj Net Profit ⓘ	1,883	2,440	2,679	2,366	2,342	5,639	5,366	7,097	4,968	6,948	6,552
Cash Flow from Ops. ⓘ	4,190	4,526	5,005	3,888	6,014	8,972	12,500	9,283	9,069	10,898	-
Debt/CF from Ops. ⓘ	2.4	2.4	1.7	5	4.2	2.6	1.6	1.1	1.1	1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.6%	11.3%	16.6%	12.1%
Adj EPS ⓘ	15%	23.1%	9%	39.9%
BVPSⓘ	13%	15.1%	10.8%	10.8%
Share Price	16%	21.8%	12.1%	25.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.4	11.9	11.6	9.3	7.8	15.5	12.9	15	9.5	12.1	10.8
Op. Profit Mgn % ⓘ	18.2	19.5	20.6	19.9	17.7	21.8	25.9	22	16.8	18.3	17.5
Net Profit Mgn % ⓘ	7.8	9.7	10.6	7.6	5.6	13.3	12	13.5	7.9	9.8	9.3
Debt to Equity ⓘ	0.5	0.5	0.4	0.7	0.9	0.6	0.5	0.2	0.2	0.2	0.1
Working Cap Days ⓘ	95	94	86	95	106	121	114	94	92	93	60
Cash Conv. Cycle ⓘ	20	28	23	25	26	23	12	2	5	3	-11

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.60%

Return on Equity has declined versus last 3 years average to 10.80%

Net Profit has been subdued in last 3 years 8.99%

Sales growth is not so good in last 4 quarters at 4.19%

Latest Financials - Ultratech Cement Ltd.

	Standalone	Consolidated
TTM EPS (₹)	223.5	226.9
TTM Sales (₹ Cr.)	68,417	70,863
BVPS (₹.) ⓘ	2,085.7	2,125.6
Reserves (₹ Cr.) ⓘ	59,926	61,076
P/BV ⓘ	5.17	5.07
PE ⓘ	48.20	47.48

From the Market
52 Week Low / High (₹)	8544.00 / 12138.25
All Time Low / High (₹)	248.90 / 12138.25
Market Cap (₹ Cr.)	3,11,061
Equity (₹ Cr.)	288.7
Face Value (₹)	10
Industry PE ⓘ	48.4

Management X-Ray of Ultratech Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ultratech Cement

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ultratech Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	24,340	25,153	25,375	30,979	41,609	42,430	44,726	52,599	63,240	70,908
Operating Expenses ⓘ	19,915	20,252	20,163	24,833	34,262	33,183	33,158	41,084	52,620	57,940
Manufacturing Costs	7,024	6,549	6,282	8,662	12,461	11,574	11,399	16,027	22,836	23,181
Material Costs	4,050	4,418	4,493	5,289	6,983	6,518	7,086	7,965	9,715	11,903
Employee Cost	1,308	1,445	1,522	1,810	2,291	2,520	2,353	2,535	2,739	3,038
Other Costs ⓘ	7,532	7,840	7,865	9,073	12,526	12,570	12,321	14,558	17,331	19,818
Operating Profit ⓘ	4,425	4,901	5,212	6,145	7,347	9,247	11,568	11,514	10,620	12,969
Operating Profit Margin (%)	18.2%	19.5%	20.5%	19.8%	17.7%	21.8%	25.9%	21.9%	16.8%	18.3%
Other Income ⓘ	350	464	648	589	463	651	746	508	503	617
Interest ⓘ	587	566	640	1,238	1,778	1,992	1,498	945	823	968
Depreciation ⓘ	1,203	1,377	1,348	1,848	2,451	2,723	2,700	2,715	2,888	3,145
Exceptional Items ⓘ	0	0	0	-347	-114	0	-261	0	0	-72
Profit Before Tax ⓘ	2,986	3,421	3,872	3,301	3,468	5,183	7,858	8,364	7,416	9,422
Tax ⓘ	884	942	1,159	1,077	1,068	-568	2,539	1,190	2,343	2,418
Profit After Tax	2,102	2,480	2,714	2,224	2,400	5,751	5,319	7,174	5,073	7,004
PAT Margin (%)	8.6%	9.9%	10.7%	7.2%	5.8%	13.6%	11.9%	13.6%	8.0%	9.9%
Adjusted EPS (₹)	76.5	90.3	98.9	80.9	87.5	199.4	189.3	254.4	175.4	242.7
Dividend Payout Ratio (%)	12%	11%	10%	13%	13%	7%	20%	15%	22%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	19,033	21,920	24,371	26,364	28,339	39,008	44,131	50,386	54,244	60,106
Share Capital ⓘ	274	274	275	275	275	289	289	289	289	289
Reserves ⓘ	18,758	21,646	24,096	26,089	28,065	38,719	43,842	50,097	53,956	59,817
Minority Interest	18	15	10	16	12	8	6	-3	56	56
Debt	7,557	7,372	7,450	18,627	24,319	21,474	17,784	9,574	8,834	9,749
Long Term Debt	4,993	4,897	6,371	15,863	20,650	17,368	13,548	5,303	5,356	5,308
Short Term Debt	2,564	2,476	1,079	2,763	3,668	4,106	4,235	4,271	3,477	4,441
Trade Payables	1,711	1,717	1,849	2,385	3,160	3,363	4,548	5,863	7,209	8,478
Others Liabilities ⓘ	9,735	10,168	8,530	9,749	20,695	15,362	19,708	17,992	21,037	22,408
Total Liabilities ⓘ	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	1,00,797
Fixed Assets
Gross Block	34,910	26,611	28,498	44,082	63,382	66,550	67,332	70,002	76,957	83,281
Accumulated Depreciation	11,567	1,302	2,594	4,366	6,737	9,399	11,921	14,514	17,378	20,403
Net Fixed Assetsⓘ	23,343	25,309	25,904	39,715	56,645	57,151	55,412	55,488	59,579	62,878
CWIP ⓘ	2,250	1,469	921	1,511	1,153	920	1,687	4,785	4,040	6,811
Investmentsⓘ	4,500	5,095	6,691	5,447	2,921	5,929	12,178	6,336	7,297	8,249
Inventories	2,949	2,455	2,401	3,268	4,099	4,183	4,018	5,596	6,612	8,330
Trade Receivables	1,659	1,928	1,757	2,221	2,787	2,383	2,572	3,072	3,867	4,278
Cash Equivalents	371	2,267	2,249	219	740	540	2,008	359	1,150	783
Others Assetsⓘ	2,982	2,670	2,287	4,760	8,180	8,108	8,303	8,177	8,836	9,468
Total Assets ⓘ	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	1,00,797

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4,190	4,526	5,005	3,888	6,014	8,972	12,500	9,283	9,069	10,898
PBT ⓘ	2,986	3,421	3,872	3,301	3,468	5,183	7,858	8,364	7,416	9,422
Adjustment ⓘ	1,478	1,527	1,348	2,684	3,893	4,165	3,607	2,947	3,114	3,607
Changes in Working Capital ⓘ	-104	429	529	-1255	-696	516	2326	-473	-337	-481
Tax Paid ⓘ	-169	-852	-744	-843	-710	-891	-1,291	-1,555	-1,124	-1,651
Cash Flow From Investing Activity ⓘ	-2,166	-3,727	-2,480	1,862	1,059	-4,192	-8,856	2,257	-7,187	-8,788
Capex	-2,709	-2,131	-1,364	-1,877	-1,596	-1,610	-1,836	-5,540	-6,106	-8,884
Net Investments	554	-1,642	-1,159	3,677	2,661	-2,627	-7,095	7,689	-1,348	-65
Others ⓘ	-10	47	43	61	-7	44	75	108	267	161
Cash Flow From Financing Activityⓘ	-2,110	-844	-2,535	-5,735	-6,756	-5,076	-4,356	-12,498	-1,631	-1,926
Net Proceeds from Shares ⓘ	2	3	7	16	5	3	7	4	5	2
Net Proceeds from Borrowing ⓘ	862	176	-221	9,420	-4,449	-3,041	-2,525	-10,207	247	-629
Interest Paid ⓘ	-589	-596	-614	-1,210	-1,685	-1,950	-1,431	-1,026	-765	-917
Dividend Paid ⓘ	-253	-251	-259	-278	-287	-380	-375	-1,065	-1,091	-1,094
Others ⓘ	-2,132	-175	-1,447	-13,683	-340	292	-33	-204	-27	713
Net Cash Flow ⓘ	-86	-45	-10	14	316	-296	-713	-958	250	184

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	11.61	12.11	11.72	8.77	8.78	17.08	12.8	15.18	9.7	12.25
ROCE (%)	13.38	12.98	13.79	11.53	10	11.84	14.77	14.86	13.2	15.42
Asset Turnover Ratio	0.78	0.72	0.69	0.64	0.62	0.54	0.54	0.7	0.82	0.84
PAT to CFO Conversion(x)	1.99	1.83	1.84	1.75	2.51	1.56	2.35	1.29	1.79	1.56
Working Capital Days
Receivable Days	22	23	23	23	22	22	20	17	18	18
Inventory Days	37	35	31	32	32	36	33	30	31	34
Payable Days	194	142	145	146	145	183	204	239	246	241

Ultratech Cement Ltd Stock News

Ultratech Cement Ltd FAQs

What is the share price of Ultratech Cement?

Company share prices are keep on changing according to the market conditions. The closing price of Ultratech Cement on 21-Nov-2024 14:39 is ₹10,939.3.

What is the market cap of Ultratech Cement?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:39 the market cap of Ultratech Cement stood at ₹3,11,060.6.

What is the P/E ratio of Ultratech Cement?

The latest P/E ratio of Ultratech Cement as of 21-Nov-2024 14:39 is 48.20.

What is the P/B ratio of Ultratech Cement?

The latest P/B ratio of Ultratech Cement as of 21-Nov-2024 14:39 is 5.17.

What is the 52-week high and low of Ultratech Cement?

The 52-week high of Ultratech Cement is ₹12,138.3 and the 52-week low is ₹8,544.

What is the TTM revenue of Ultratech Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ultratech Cement is ₹68,417 ( Cr.) .

About Ultratech Cement Ltd

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. It is also one of the leading cement producers globally, and the only cement company globally (outside of China) to have more than 100 million tonne capacity in one country. In the white cement segment, UltraTech goes to market under the brand name of Birla White. With Ready Mix Concrete (RMC) plants in many cities, UltraTech is the largest manufacturer of concrete in India. It also has a slew of speciality concretes that meet specific needs of discerning customers. Its Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions.

UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs). The purpose of this initiative is to engage with home builders at all stages of the construction cycle, empower them with quality construction products and services, and assist in the completion of their dream homes.

Business area of the company

The Company is engaged in the manufacture and sale of Cement and Cement related products.

Products

UltraTech provides a range of products that cater to the various aspects of construction, from foundation to finish. This includes Ordinary Portland Cement, Portland Blast Furnace Slag Cement, Portland Pozzalana Cement, White Cement, Ready Mix Concrete, building products and a host of other building solutions. Cement is sold under the brands ‘UltraTech, UltraTech Premium and Birla Super.’ White cement is manufactured under the brand name of ‘Birla White’, ready mix concretes under the name of ‘UltraTech Concrete’ and new age building products under the names of ‘Xtralite, Fixoblock, Seal & Dry and Readiplast’. UltraTech Building Solutions is a retail format that caters to the end consumer providing a variety of primary construction materials under one roof.

Awards

2010-11

Top Exporter Award from CAPEXIL for the 14th consecutive year.
The 9th Annual “Greentech Global Safety Award” 2010 from Greentech Foundation for Reddipalayam Cement Works (RDCW).
The Confederation of Indian Industry’s National Award for excellence in energy management 2010 “Excellent Energy Efficient Unit” upon RDCW.
Asian CSR Award, Kuala Lumpur, Malaysia, from Asian Institute of Management Center on Vikram Cement Works (VC) for its contribution to society.
Greentech Environmental Excellence Award for excellent contribution to environmental activities on VC.

2014-15

National Energy Conservation Award - Certificate of Merit by the Energy Secretary, Government of India to Aditya Cement Works, Rajasthan.
Golden Peacock award for Corporate Social Responsibility - 2014 to Rajashree Cement Works, Karnataka.
Federation of Indian Mineral Industries (FIMI) National Award in Environment Category for the year 2013-14 to Redipallayam Cement Works, Tamil Nadu.
Outstanding Achievement Award 2014 from the Federation of Madhya Pradesh Chambers of Commerce & Industry, Bhopal in recognition of excellence in the category of Large Enterprise for Vikram Cement Works, Madhya Pradesh.
Global CSR Excellence & Leadership Award in the category - Best Corporate Social Responsibility Practices from the World CSR Congress for Vikram Cement Works, Madhya Pradesh.
CII - National Award for Energy Efficient Unit 2014 to Birla White, Rajasthan.

2015-16

The company bagged the IICA NGO BOX CSR Awards for Birla White and Vikram Cement, FICCI Water Award for Jafrabad Cement and Greentech Awards for Hirmi and Vikram Cement.
Golden Peacock HR Excellence Award - 2015: Rajashree Cement Works, Karnataka (RC).
Greentech Environmental Award - 2015: RC.
IMC Ramkrishna Bajaj National Quality Award for Performance Excellence: Rawan Cement Works,
Chhattisgarh.
Greentech CSR Award 2015 - Gold Category: Hirmi Cement Works, Chhattisgarh.
India Sustainability Leadership Award in the category of community project of the year (Water) conferred by World CSR Day for integrated watershed management project: Vikram Cement Works, Madhya Pradesh.

2017-18

Golden Peacock National Quality Award: Aditya Cement Works.
Gold Medal for ‘National Awards for Manufacturing Competitiveness (NAMC) 2015-16’ in Building Material & Cement Sector: Aditya Cement Works.
National Energy Conservation Awards-2017 (TPP - Certificate of Merit): Andhra Pradesh Cement Works.
14th National Award for Excellence in Energy Management Conducted by Confederation of Indian Industry: Dalla Cement Works.
National Energy Conservation Award (Thermal Power Plant): Kotputli Cement Works.

2018-19

Silver Prize in ‘6th FICCI Quality Systems Excellence Awards 2018’ in the Large Category Manufacturing Sector - Aditya Cement Works.
CII-ITC Sustainability Awards-2018, Government of India - Aditya Cement Works.
CII-ITC Sustainability Awards (Commendation for Significant Achievement in Environment Management Category) - Vikram Cement Works.
ET Now CSR Leadership Award, Concern for health 2019 - Dhar Cement Works.
Golden Peacock Award - Environmental Management, Ready Mix Concrete (RMC).
Ramkrishna Bajaj National Quality Award - Certificate of Merit, RMC.
Ramkrishna Bajaj National Quality Award - Best Practice in Manufacturing Sector, RMC.
Economic Times Innovation Award - Innovation for Sustainability; RMC.

2019-20

Awards of Mines Safety Week 2019-20 - Awarpur Cement Works.
National Safety Awards 2019 (MSME) by National Safety Council - Ready Mix Concrete.
Green Pro Certification from the Confederation of Indian Industry’s (CII) - Ready Mix Concrete.
1st Kaizen Award under Environment category -‘Lignite based TPP Fly Ash utilisation’ - Sewagram Cement Works (SCW).
2nd Kaizen Award under 5S & Safety - Installation of Anti-collision Radar System for stacker and reclaimed in raw material handling area - SCW.
3rd Championship Award under Digitisation / New Technology - ‘Installation of Expert Optimiser system to improve cement unit operations stability’ - SCW.
Metalliferous Mines Safety Week - 2019 - Manikgarh Cement Works.

Milestones

1980: First cement plant set up for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement).
1998: Merger of cement business of Indian Rayon and Grasim Cement Capacity: 8.5 MTPA.
2003: Capacity: 14.12 MTPA
2004: Acquisition of L&T's cement business: UltraTech Cement Ltd. Cement Capacity: 30.04 MTPA + 1.08 MTPA (SDCCL).
2008: SDCCL divested in 2008 Greenfield Projects Brownfield Expansions Debottlenecking Cement Capacity: 48.9 MTPA.
2010: Acquisition of Start Cement in the Middle East and greenfield expansions Cement Capacity – 52 MTPA.
2012: Brownfield expansions in Chhattisgarh and Karnataka, grinding unit commissioned Hotgi, Maharashtra, and 1.5 MT at Rajashree, Karnataka Port Based bulk terminal of 0.5 MT at Cochin.
2013: New grinding unit capacity of 1.6 MTPA commissioned at Jharsuguda, Orrisa Acquired unit in Sewagram and GU in Wanakbori, Gujarat with a capacity of 4.8 MT Cement capacity - 62 MTPA.
2014: Commissioned new grinding unit at Jharsuguda (1.6 MTPA) Acquired Sewagram and Wanakbori units from Jaypee Cement (4.8 MTPA).
2016: Largest single cement company in India Capacity: 66.3 MTPA March: Grinding plants commissioned in Jhajjar, Dankuni, Patliputra.
2017: Acquires Jaypee Cement business (21.2 MTPA) Largest cement company in India, 4th in world (excluding China) Cement Capacity: 93 MTPA.
2018: Commissioned integrated unit in Dhar (3.5 MTPA) Acquired cement business of Binani Cement (6.25 MTPA) Cement capacity: 102.75 MTPA.
2019: Merger of cement business of Century Textiles & Industries Ltd with UltraTech Cement. UltraTech becomes the first cement company globally to have more than 100 MTPA capacity in a single country outside of China. Cement Capacity: 116.75 MTPA.
2019-20: Launched new value-added products like UltraTech Super (high strength) and UltraTech Weather Plus (water repellent) in cement; Litecon, Aquaseal, Free Flow etc. in RMC
2019-20: Launched next-generation of products such as Dry Mix mortars and waterproofing category to strengthen position of complete building solutions.
2019-20: Scaled up UBS retail stores to 2,000+ outlets - largest single branded retail chain across India.