NSE: ULTRACEMCO | BSE: 532538

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12730.00 -96.00 (-0.75%)

Near 52W High of ₹12930.00

216.0K NSE+BSE Volume

NSE 02 Sep, 2025 3:31 PM (IST)

375,126.6

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Market Leader

1.0

Beta 1Year

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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.

09 Aug 2019

12730.00

-0.75%

UltraTech Cement: Q1FY20 Result Review

Accumulate: UltraTech Cement Ltd.

IDBI Capital

UltraTech (UTCEM) reported strong Q1FY20 numbers, largely driven by 11% QoQ growth in pricing and controlled costs. EBITDA at Rs25.5bn is 8% above consensus estimates and in-line with our forecast. EBITDA/mt at Rs1,428 (~Rs1,500 after adjusting for the impact of Ind AS 116 and higher other expense due to kiln shutdown) is highest reported by the company in the last decade. The company has been able to successfully turn around operations at Ultratech Nathdwara Cement (Binani) as the acquired unit has reported higher EBITDA/mt than the standalone entity. UTCEM preponed kiln shutdown at 10 kilns during the quarter which resulted in lower volumes and additional...

Number of MF schemes increased from 122 to 142 in Jun 2025 qtr.

UltraTech Cement Ltd.

09 Aug 2019

12730.00

-0.75%

UltraTech Cement

Buy: UltraTech Cement Ltd.

Target

ICICI Securities Limited

Industry utilisation levels on the cusp of improvement Although near-term challenges in terms of liquidity issues and monsoon led weakness would remain, we expect the demand environment to return to normalcy once government led infra project picks up post monsoons. Incremental demand of ~24-28 MT being greater than incremental supply...

UltraTech Cement Ltd. has an average target of 13979.20 from 10 brokers.

UltraTech Cement Ltd.

08 Aug 2019

12730.00

-0.75%

UltraTech Cement - 1QFY20 Result Update

Buy: UltraTech Cement Ltd.

Target

Reliance Securities

UltraTech Cement (UTCEM) has reported a better-than-expected operating performance in 1QFY20 despite miss on volume front. EBITDA grew by a stellar 57% YoY (+15% QoQ) to Rs25.5bn mainly led by superior and higher-than-expected realisation. Witnessing a sharp up-tick of 13.2% YoY and 12% QoQ, cement realisation/tonne came in at Rs5,018. EBITDA/tonne stood at strong Rs1,428 in 1QFY20 vs. Rs928 in 1QFY19 and Rs1,039 in 4QFY19. However, sales volume grew by mere 2% YoY to 17.86mnT, missing our estimate of 18.5mnT. Higher realisation growth was mainly supported by sharp uptick in realisation across the pockets, higher premium products sales volume (+28% YoY), less discount/incentives and higher traded sales volume. Further,...

UltraTech Cement Ltd. has gained 25.69% in the last 6 Months

UltraTech Cement Ltd.

08 Aug 2019

12730.00

-0.75%

Healthy pricing drives margin expansion

Buy: UltraTech Cement Ltd.

Target

Motilal Oswal

Moderate volume growth amid healthy realizations: Consolidated volumes (including white cement) grew 2% YoY to 18.8mt in 1QFY20. Realizations grew 10% YoY. Net sales grew 13% YoY (-7% QoQ) to INR102b (v/s est. of INR90b). Cost/t remained flat YoY. Thus, EBITDA/t increased 57% QoQ to INR1,444/t. Consequently, EBITDA increased 60% YoY to INR27b (v/s est. of INR20b), with margin expanding 7.9pp YoY and 5.2pp QoQ to 26.6%. Due to...

Number of MF schemes increased from 122 to 142 in Jun 2025 qtr.

UltraTech Cement Ltd.

08 Aug 2019

12730.00

-0.75%

Q1FY20 Result Update

Buy: UltraTech Cement Ltd.

Recommendation Target

Prabhudas Lilladhar

shutdown (leading to cost higher by Rs45/t) and lower volumes. Adjusted for preponement of maintenance cost, EBITDA came in line with our estimate. However, EBITDA came ahead of consensus estimates by 6%. Led by Rs100/t QoQ reduction in cost and higher realisations, EBITDA/t of Ultratech Nathdwara (UNCL- erstwhile Binani Cement) rose 45% QoQ to Rs1,200/t....

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

UltraTech Cement Ltd.

19 Jul 2019

12730.00

-0.75%

UltraTechCement

Buy: UltraTech Cement Ltd.

Keynotes Financial Opiniery

It is one of the leading cement producers globally. Ultra Tech as a brand embodies strength'. Reliability' and innovation'. Together these attributes inspire engineers to stretch the limits of their imagination to create homes, building and structures that define the new India. The company has a consolidated capacity of...

Number of MF schemes increased from 122 to 142 in Jun 2025 qtr.

UltraTech Cement Ltd.

16 May 2019

12730.00

-0.75%

Model Trading Portfolio - UltraTech Cement Ltd

UltraTech Cement Ltd.

Edelweiss

Ultra Tech Cement is a part of the Aditya Birla group and the largest manufacturer of grey cement in India.

Deven Choksey downgraded UltraTech Cement Ltd. to Accumulate with a price target of 14299.0 on 21 Aug, 2025.

UltraTech Cement Ltd.

26 Apr 2019

12730.00

-0.75%

UltraTechCement

Hold: UltraTech Cement Ltd.

Target

Arihant Capital

Deven Choksey downgraded UltraTech Cement Ltd. to Accumulate with a price target of 14299.0 on 21 Aug, 2025.

UltraTech Cement Ltd.

26 Apr 2019

12730.00

-0.75%

UltraTech Cement

Buy: UltraTech Cement Ltd.

Target

ICICI Securities Limited

Industry utilisation levels on the cusp of improvement For FY19, the cement industry would have been expected to grow at 12%, with all four quarters growing at double digits. During the year, the industry witnessed incremental demand of ~38 MT being higher than the incremental supply of ~12 MT, which contributed to industry-level utilisation to cross 71%. Further, channel checks also suggest there have been price hikes to the tune of 3-5% across the spectrum. Asset ramp-up in full swing; Century deal to be closed soon...

UltraTech Cement Ltd. has an average target of 13979.20 from 10 brokers.

UltraTech Cement Ltd.

25 Apr 2019

12730.00

-0.75%

UltraTech Cement (4QFY19): All round stellar performance. Maintain BUY

Buy: UltraTech Cement Ltd.

Recommendation Target

HDFC Securities

We estimate UTCEM consolidated EBITDA/PAT to grow at 26%/38% CAGR during FY19-21E, driven by its cost leadership, pricing and cost tailwinds. We recommend BUY with a TP of Rs 5,140 (15x its Mar-21E EBITDA). We ascribe premium valuations to the stock owing to UTCEM's capacity & cost leadership and robust balance sheet. Key risks: Delays in Century's cement biz acquisition, roll back in cement prices, and surge in energy costs (crude led). We recommend BUY on UltraTech (UTCEM) with a TP of Rs 5,140 (15x FY21E EBITDA). We ascribe premium valuations to the stock owing to UTCEMs capacity leadership (25% mkt share in India) and superior op profits outlook (Rs1000/MT+), and stable balance sheet.

UltraTech Cement Ltd. has gained 25.69% in the last 6 Months

Is UltraTech Cement Ltd. worth buying?

415 Votes:

Buy 72.53%

Sell 12.77%

Hold 14.7%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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