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31 Jul 2025 |
UltraTech Cement
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Consensus Share Price Target
|
12268.00 |
13581.52 |
- |
10.71 |
buy
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24 Jul 2025
|
UltraTech Cement
|
Deven Choksey
|
12268.00
|
14299.00
|
12372.00
(-0.84%)
|
16.56 |
Buy
|
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UltraTech Cement’s revenue stood at INR 212.8 Mn, up 13.1% YoY (-7.8% QoQ), in-line with our expectations. Revenue Growth was driven by robust volume expansion of 9.7% YoY to 36.8 MT, aided by recent acquisitions and network integration.
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22 Jul 2025
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UltraTech Cement
|
Prabhudas Lilladhar
|
12268.00
|
13634.00
|
12452.00
(-1.48%)
|
11.13 |
Accumulate
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Demand outlook in the North and Central regions remains relatively weak due to the monsoon, while pricing in the South and East continues to improve. higher pricing. Average grey cement realization improved 2.1% QoQ, led by price hikes mainly in the Southern and Eastern regions. Cons volumes grew 9.7% YoY to 36.8mt (Kesoram volumes included in the base) aided by 2.18mt...
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22 Jul 2025
|
UltraTech Cement
|
Axis Direct
|
12268.00
|
13840.00
|
12452.00
(-1.48%)
|
12.81 |
Buy
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We maintain our BUY recommendation on the stock.
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22 Jul 2025
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UltraTech Cement
|
ICICI Securities Limited
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12268.00
|
14600.00
|
12577.00
(-2.46%)
|
19.01 |
Buy
|
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|
Industry leader UltraTech Cement (UTCEM) has made a convincing start to FY26 with Q1FY26 EBITDA surging 46% YoY (in line with our estimate) riding benefits of improved price environment, M&A benefits driving industry superior volume growth and sustained efficiency enhancement measures.
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21 Jul 2025
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UltraTech Cement
|
Motilal Oswal
|
12268.00
|
14600.00
|
12577.00
(-2.46%)
|
19.01 |
Buy
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UltraTech Cement (UTCEM)’s 1QFY26 earnings were in line with our estimates. EBITDA grew ~46% YoY to INR44.1b. EBITDA/t increased ~33% YoY to INR1,197 (estimated INR1,186).
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29 Apr 2025
|
UltraTech Cement
|
Sharekhan
|
12268.00
|
13647.00
|
11869.00
(3.36%)
|
11.24 |
Buy
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UltraTech Cement (UltraTech) reported consolidated revenue of Rs. 23,063 crore (up 13%% y-o-y) for Q4FY2025. The consolidated operating profit of Rs. 4,618 crore (up 12% y-o-y). Indian Cement sold 2.64 MT in volume and reached breakeven in Q4FY25, with an EBITDA of Rs. 40/tonne.
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29 Apr 2025
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UltraTech Cement
|
ICICI Securities Limited
|
12268.00
|
13992.00
|
12114.00
(1.27%)
|
14.05 |
Buy
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UltraTech Cement’s (UTCEM) commentary on short-term challenges (mainly low demand in Q1FY26 and no comments on price hike sustainability) may unnerve a few investors. However, we continue to believe in our sector revival hypothesis (of reducing competitive intensity) and of UTCEM being its largest beneficiary.
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29 Apr 2025
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UltraTech Cement
|
Axis Direct
|
12268.00
|
13510.00
|
11869.00
(3.36%)
|
10.12 |
Buy
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We maintain our BUY recommendation on the stock.
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29 Apr 2025
|
UltraTech Cement
|
BOB Capital Markets Ltd.
|
12268.00
|
13919.00
|
11869.00
(3.36%)
|
13.46 |
Buy
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Healthy 10% YoY volume growth aids flat top line despite 10% dent in realisations in a challenging Q4; capacity utilisation spikes at ~90%
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29 Apr 2025
|
UltraTech Cement
|
Prabhudas Lilladhar
|
12268.00
|
13668.00
|
11869.00
(3.36%)
|
11.41 |
Buy
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UTCEM targets India Cements (ICEM) EBITDA/t of Rs500/800 for FY26/27E, while Kesoram EBITDA/t is targeted at Rs800/1000 for FY26/27E. and commercial segments. Average blended std realization declined 3% QoQ, impacted by the consolidation of Kesoram (KSI); however, the recent increase in cement prices in April is expected to benefit in Q1FY26. Higher volume...
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29 Apr 2025
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UltraTech Cement
|
ICICI Direct
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12268.00
|
14240.00
|
11869.00
(3.36%)
|
16.07 |
Buy
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28 Apr 2025
|
UltraTech Cement
|
Motilal Oswal
|
12268.00
|
13900.00
|
12114.00
(1.27%)
|
13.30 |
Buy
|
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UltraTech Cement (UTCEM)’s 4QFY25 performance was in line with our estimates. EBITDA increased ~12% YoY to INR46.2b, while EBITDA/t declined 4% YoY to INR1,126 (est. INR1,104).
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28 Mar 2025
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UltraTech Cement
|
Sharekhan
|
12268.00
|
13000.00
|
11509.55
(6.59%)
|
5.97 |
Buy
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The cement sector is increasingly consolidating, enabling companies to expand geographically, secure vital limestone reserves, and achieve economies of scale. Acquisitions are allowing market leaders to scale up quickly and strengthen their competitive positions.
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03 Mar 2025
|
UltraTech Cement
|
Sharekhan
|
12268.00
|
13000.00
|
10340.80
(18.64%)
|
5.97 |
Buy
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UltraTech Cement’s capacity expansion remains a cornerstone of its growth strategy. By FY25, its cement capacity is projected to reach 182.8 million tonnes (28% of India’s total cement capacity) with plans to scale it to 209 million tonnes by FY27, through both organic and inorganic growth.
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03 Mar 2025
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UltraTech Cement
|
Axis Direct
|
12268.00
|
13510.00
|
10340.80
(18.64%)
|
10.12 |
Buy
|
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We maintain our BUY rating on the stock.
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03 Mar 2025
|
UltraTech Cement
|
Prabhudas Lilladhar
|
12268.00
|
12303.00
|
10340.80
(18.64%)
|
Target met |
Buy
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Mgmt. expects ~20-25% ROCE, 5-7x asset turnover, and EBITDA margins akin to industry on full ramp up. Wires to contribute ~60% of W&C revenue. UTCEM has announced its foray into the wires and cables (W&C) segment to strengthen its construction value chain through UltraTech Building Solutions (UBS) stores. Mgmt. has evaluated almost all building material categories and clarified W&C is the only category UTCEM will be entering for targeting growth over cement; being only strategic extension to cement having strong...
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01 Mar 2025
|
UltraTech Cement
|
BOB Capital Markets Ltd.
|
12268.00
|
13137.00
|
10128.45
(21.12%)
|
7.08 |
Buy
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UTCEM allocates Rs18bn (~2% of capital allocation) in the building material value chain by investing in wire and cable business
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03 Feb 2025
|
UltraTech Cement
|
Axis Direct
|
12268.00
|
12385.00
|
11174.65
(9.78%)
|
Target met |
Buy
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We recommend a BUY on the stock for a target price of Rs 12,385 implying an upside of 10% from CMP
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31 Jan 2025
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UltraTech Cement
|
Geojit BNP Paribas
|
12268.00
|
12650.00
|
11487.45
(6.79%)
|
Target met |
Buy
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24 Jan 2025
|
UltraTech Cement
|
IDBI Capital
|
12268.00
|
13233.00
|
11285.85
(8.70%)
|
7.87 |
Buy
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