NSE: ULTRACEMCO | BSE: 532538

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12686.00 85.00 (0.67%)

New 52W High in past week

68,509 NSE+BSE Volume

NSE 08 Sep, 2025 1:05 PM (IST)

373,830

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UltraTech Cement Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ULTRACEMCO, BSE:532538 UltraTech Cement Ltd.

UltraTech Cement Ltd.

23 Jul 2021

12686.00

0.67%

UltraTech Cement

Buy: UltraTech Cement Ltd.

Target

ICICI Securities Limited

The new organic capacities are being added at lower capital cost (US$60/t) that will help in boosting return ratios (to generate 16-18% IRR) Despite capex plans, the company also aims to become net debt-free by FY23E supported by strong operating cash flows (from existing and acquired assets) and through efficient w/cap management...

UltraTech Cement Ltd. is trading above all available SMAs

UltraTech Cement Ltd.

23 Jul 2021

12686.00

0.67%

Q1FY22 Result Update - Beat across the fronts; Earnings upgrade on a high base - BUY

Buy: UltraTech Cement Ltd.

Target

Prabhudas Lilladhar

Earnings upgrade drives increase in TP by 11% UTCEM reported strong set of Q4FY21 earnings with 12% beat on our/consensus EBITDA estimates. The beat was largely led by better realisations and lower costs. EBITDA/t increased 9% YoY (+17% QoQ) to Rs1,590 (PLe:Rs1,420). Led by higher realisations and better control on freight cost, we increase our EBITDA/EPS estimates for FY22e and FY23e by 8.3%/12.8% and 7.0%/9.9% respectively. UTCEM successfully integrated acquired operations of Century cement...

Number of FII/FPI investors increased from 1162 to 1199 in Jun 2025 qtr.

UltraTech Cement Ltd.

23 Jul 2021

12686.00

0.67%

Ultraterch Cement

Results Update: UltraTech Cement Ltd.

SMC online

Net sales (including other operating income) of UltraTech Cement has increased 54.21% to Rs 11829.84 crore. Operating profit margin has jumped from 27.08% to 27.96%, leading to 59.19% rise in operating profit to Rs 3,307.49 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 11.32% to 12.74%. Purchase of finished goods cost...

Emkay increased Buy price target of UltraTech Cement Ltd. to 14700.0 on 01 Sep, 2025.

UltraTech Cement Ltd.

11 May 2021

12686.00

0.67%

UltraTech Cement: Q4FY21 Result Review

Hold: UltraTech Cement Ltd.

Target

IDBI Capital

Ultratech Cement (UTCEM) Q4FY21 EBITDA was higher than our / consensus estimate by 23% / 17%. Beat in number is driven by higher volume growth and lower costs. UTCEM has gained market share in FY21 as it reported cement sales volume growth of 6% YoY versus industry volume declined by 12% YoY for FY21. In Q4FY21, UTCEM witnessed uptick in the plant utilization in every month of Q4FY21 with March-21 month plant utilization of 90%+. Post the result we have factored better than expected result in FY22/23E. This has resulted in increase in the EBITDA by 5-6% over FY22-23E (refer Fig 9). Revised TP is Rs6,120 (earlier Rs5,744) based on unchanged 13x FY23E...

Number of FII/FPI investors increased from 1162 to 1199 in Jun 2025 qtr.

UltraTech Cement Ltd.

10 May 2021

12686.00

0.67%

UltraTech Cement

Buy: UltraTech Cement Ltd.

Target

ICICI Securities Limited

Target capacity of 160 MT by FY30E; to reach 131 MT by FY23E The target of reaching 160 MT by FY30E from 111.4 MT indicates capacity CAGR of 3.7% in FY20-30E. The newly announced cement capacity expansion of 12.8 MT (9.1 MT clinker capacity) along with ongoing capex of 6.7 MT would take its total capacity to 130.9 MT by the end of FY23E. Region wise, major capacities are being added in the eastern and central region (73% of 19.5 MT), which has lowest road and power density per capita representing higher growth potential while rural population share remains...

Emkay increased Buy price target of UltraTech Cement Ltd. to 14700.0 on 01 Sep, 2025.

UltraTech Cement Ltd.

10 May 2021

12686.00

0.67%

Q4FY21 Result Update - Enough levers for positive surprise on margins - BUY

Buy: UltraTech Cement Ltd.

Target

Prabhudas Lilladhar

steady cash flows, UTCEM embarks on next round of growth with 19.5mnt of new capacities along with sizeable investment in high payback and environment friendly renewable power (WHR) to increase its share to 34% by FY24 from current 13% of overall power requirement. Led by its dominant size (22% market share) and highly efficient operations, we believe that UTCEM stands out as the best candidate to play the sector. We reiterate BUY with TP...

UltraTech Cement Ltd. has an average target of 14044.73 from 11 brokers.

UltraTech Cement Ltd.

09 May 2021

12686.00

0.67%

Market share gains continue

Buy: UltraTech Cement Ltd.

Target

Motilal Oswal

Market share gains should continue, aided by the ongoing 20mtpa expansion program, which should drive 11% volume CAGR over FY21-24E. While we expect industry volumes to decline by 25-30% in the near term due to COVID-related lockdowns, the same should be partly compensated by improved margins as prices have been strong. Our earnings estimates for UTCEM for FY22-23E are therefore broadly unchanged. We estimate 19% EPS CAGR. The company remains our top largecap pick in the sector. Lower cost drives 10% beat on EBITDA (up 51% YoY)...

UltraTech Cement Ltd. has an average target of 14044.73 from 11 brokers.

UltraTech Cement Ltd.

29 Jan 2021

12686.00

0.67%

ULTRA TECH CEMCO

Hold: UltraTech Cement Ltd.

Target

Geojit BNP Paribas

Revenues for Q3FY21 grew 17.4% YoY led by high rural and housing demand uplifting volumes (+14.0% YoY). EBITDA margin surged 680bps to 27.4% on improved cost efficiency...

UltraTech Cement Ltd. is trading above all available SMAs

UltraTech Cement Ltd.

28 Jan 2021

12686.00

0.67%

UltraTech Cement

UltraTech Cement Ltd.

SMC online

Profit Before Tax (PBT) inclined 193% to Rs 2,332 crore. With 161% rise in net tax outflow to Rs 747.40 crore, the PAT before MI and Share in Profit of Associates gained 210% to Rs 1,584.60 crore. After accounting outflow of Rs 0.02 crore in...

UltraTech Cement Ltd. is trading above all available SMAs

UltraTech Cement Ltd.

25 Jan 2021

12686.00

0.67%

UltraTech Cement

Buy: UltraTech Cement Ltd.

Target

ICICI Securities Limited

Construction and infrastructure activities are also picking-up of late. While we expect rural demand in FY21E to drive recovery on the back of normal monsoon and pick-up in individual housing building (IHB), FY22E would witness sharp pick-up in infra activity as well. We expect UltraTech to report volume CAGR of 7.3% in FY20-23E. While prices have improved in FY20 (up 5.3% YoY)) and stayed healthy during 9MFY21, we expect them to stabilise, going ahead, with a pick-up in volumes. We model realisation CAGR of 1.2% during FY20-23E to adjust for cost inflationary situation....

Emkay increased Buy price target of UltraTech Cement Ltd. to 14700.0 on 01 Sep, 2025.

Is UltraTech Cement Ltd. worth buying?

415 Votes:

Buy 72.53%

Sell 12.77%

Hold 14.7%

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