ASIANPAINT vs ULTRACEMCO: Stock Comparison

Asian Paints Ltd vs UltraTech Cement LtdUpdated 25 Aug 26, 12:33 PM ISTNSE & company filings

UltraTech Cement Ltd is the larger company by market capitalisation. Asian Paints Ltd shows a higher ROE, faster revenue growth and lower leverage, while UltraTech Cement Ltd shows a lower P/E and a higher dividend yield. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

ASIANPAINT leads 7; ULTRACEMCO leads 6 of 13

Not a rating
These companies operate in different sectors (Consumer Durables vs Construction Materials). Valuation and leverage norms differ across sectors, so cross-sector ratio comparisons can mislead — compare each against its own sector peers too.

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

ASIANPAINTULTRACEMCO

Valuation lens

What price are you paying?

Market CapContext only
₹2.51 L Cr
₹3.38 L Cr
P/E RatioULTRACEMCO has the lower reading
52.97x
39.76x
P/B RatioULTRACEMCO has the lower reading
11.81x
4.43x
EPSULTRACEMCO has the higher reading
₹49.63
₹290.41
Book ValueContext only
₹222.81
₹2,605.1
Dividend YieldULTRACEMCO has the higher reading
1.04%
2.07%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
ULTRACEMCO is the larger company
₹3.38 L Cr vs ₹2.51 L Cr
P/E Ratio
ULTRACEMCO has a lower P/E
39.76x vs 52.97x
P/B Ratio
ULTRACEMCO has a lower P/B
4.43x vs 11.81x
EPS
ULTRACEMCO has higher earnings per share
₹290.41 vs ₹49.63
Dividend Yield
ULTRACEMCO has a higher dividend yield
2.07% vs 1.04%
Revenue Growth (TTM YoY)
ASIANPAINT has faster revenue growth
10.6% vs 3%
EPS Growth (TTM YoY)
ASIANPAINT has faster EPS growth
69.2% vs 45.3%
Qtr Sales Growth
ULTRACEMCO has stronger quarterly sales growth
15.8% vs 10.6%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricASIANPAINTULTRACEMCO
SectorConsumer DurablesConstruction Materials
IndustryPaintsCement & Cement Products

Price

MetricASIANPAINTULTRACEMCO
Live Price₹2,612.2₹11,483
Day Change-1.08%-0.18%
Volume1.65 L81,924
52-Week High₹2,985.7₹13,110
52-Week Low₹2,115₹10,325
Distance from 52W High-12.51%-12.41%

Valuation

MetricASIANPAINTULTRACEMCO
Market Cap₹2.51 L Cr₹3.38 L Cr
P/E Ratio52.97x39.76x
P/B Ratio11.81x4.43x
EPS₹49.63₹290.41
Book Value₹222.81₹2,605.1
Dividend Yield1.04%2.07%

Growth

MetricASIANPAINTULTRACEMCO
Revenue Growth (TTM YoY)10.6%3%
EPS Growth (TTM YoY)69.2%45.3%
Qtr Sales Growth10.6%15.8%
Qtr Profit Growth43.8%15.8%

Profitability & Leverage

MetricASIANPAINTULTRACEMCO
ROE21.8%11.1%
ROCE26.3%12.7%
Net Margin12.18%10.24%
Operating Margin18.8%19.2%
Debt to Equity0.18x0.31x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricASIANPAINTULTRACEMCO
Promoter Holding52.09%58.4%
FII Holding13.32% 1.21 pp12.86% 1.25 pp
DII Holding20.77% 1.04 pp19.69% 1.27 pp
Public Holding13.2% 0.2 pp7.91%

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Asian Paints Ltd and UltraTech Cement Ltd.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.