UltraTech CementNSE: ULTRACEMCOBSE: 532538Construction Materials · Cement & Cement Products

₹11,903.0056.00 (0.47%)

Mkt Cap: ₹3.51 L Cr.
P/E (TTM): 40.86
Open: ₹11,850.00
Day's Range: ₹11,799.00 – ₹12,009.00
52W Range: ₹10,325.00 – ₹13,110.00
Div Yield: 2%
EPS (TTM): ₹290.35
Book Value: ₹2,448.89

UltraTech Cement Financial Statements

Name: UltraTech Cement Financials — historical data
Creator: StockeZee

For Mar 2026, UltraTech Cement reported revenue of ₹88,512 crore and net profit of ₹8,166 crore. Return on equity stands at 11.10%. Profit & loss, balance sheet and cash flow across 8 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹88,512 Cr
EBITDA: ₹17,020 Cr
Operating margin: 19.23%
Profit after tax: ₹8,166 Cr
Net margin: 9.23%
EPS: ₹277.1
Latest year: Mar 2026
Years reported: 8

UltraTech Cement profit & loss

Reported annual performance for UltraTech Cement, oldest to newest. Figures in ₹ crore unless a row states otherwise.

UltraTech Cement annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	37,379	42,125	44,726	52,599	63,240	70,908	75,955	88,512
Sales Growth YoY %	—	12.7%	6.17%	17.6%	20.23%	12.13%	7.12%	16.53%
Other Income	438	648	734	508	503	617	744	578
Total Income	37,817	42,773	45,460	53,107	63,743	71,525	76,699	89,089
Cost of Goods Sold (COGS)	6,527	6,313	7,086	7,965	9,715	11,903	13,704	17,188
Cost of Materials Consumed	5,409	5,513	5,794	7,096	8,933	10,252	11,822	14,568
Purchases of Stock-in-Trade	1,239	1,159	842	1,252	1,300	1,734	1,870	2,517
Changes in Inventories	-120	-359	450	-383	-518	-83	12	103
Gross Profit	30,852	35,812	37,640	44,634	53,525	59,005	62,251	71,323
Gross Margin %	82.54%	85.01%	84.16%	84.86%	84.64%	83.21%	81.96%	80.58%
Total Operating Expenses	24,064	26,528	26,072	33,119	42,905	46,037	49,694	54,303
Employee Benefit Expense	2,059	2,509	2,353	2,535	2,739	3,038	3,605	4,162
Other Expenses	22,005	24,019	23,719	30,585	40,166	42,999	46,089	50,141
EBITDA	6,788	9,284	11,568	11,514	10,620	12,969	12,557	17,020
OPM %	18.16%	22.04%	25.86%	21.89%	16.79%	18.29%	16.53%	19.23%
Total Non-Operating Expenses	3,688	4,688	3,925	3,659	3,711	4,041	5,568	6,378
Depreciation & Amortisation	2,140	2,702	2,700	2,715	2,888	3,145	4,015	4,644
Finance Costs	1,549	1,986	1,486	945	823	968	1,651	1,872
Exceptional Items (Before Tax)	0	0	-261	0	0	-72	-97	-139
Profit Before Tax (PBT)	3,538	5,244	7,855	8,363	7,412	9,400	7,539	10,943
Tax Expense	1,107	-568	2,539	1,190	2,343	2,418	1,488	2,739
Current Tax	735	920	1,415	1,211	2,071	2,218	828	2,314
Deferred Tax	372	-1,488	1,124	-21	272	200	660	425
Effective Tax %	31.28%	-10.84%	32.32%	14.23%	31.61%	25.73%	19.74%	25.03%
Profit/Loss from Discontinued Operations	0	0	143	160	0	0	0	0
Total Profit for Period	2,432	5,810	5,462	7,334	5,073	7,004	6,040	8,188
Less: Non-controlling Interests	-3	-4	-1	-10	0	-1	1	22
Net Profit (Owner's PAT)	2,435	5,815	5,463	7,344	5,073	7,005	6,039	8,166
Net Profit Margin %	6.51%	13.8%	12.21%	13.96%	8.02%	9.88%	7.95%	9.23%
PAT Growth YoY %	—	138.83%	-6.05%	34.43%	-30.92%	38.07%	-13.79%	35.22%
Earnings Per Share (EPS)	₹88.65	₹201.47	₹189.26	₹254.42	₹175.74	₹242.65	₹204.94	₹277.1
Diluted Shares Outstanding (Cr.)	27	29	29	29	29	29	29	29
Profit/Loss from Associates	1	-1	2	2	4	22	-11	-16
Other Comprehensive Income (Net of Tax)	-12	-18	17	48	-16	34	672	156
Expenses	34,279	37,529	37,605	44,744	56,331	62,125	69,161	78,146
Material Cost %	14.47%	13.09%	12.95%	13.49%	14.13%	14.46%	15.56%	16.46%
Employee Cost %	5.51%	5.96%	5.26%	4.82%	4.33%	4.28%	4.75%	4.7%
Other Cost %	58.87%	57.02%	53.03%	58.15%	63.51%	60.64%	60.68%	56.65%
Interest Coverage (x)	3	3.31	5.97	9.31	9.4	10.15	5.18	6.61

UltraTech Cement revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

UltraTech Cement balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

UltraTech Cement annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	28,401	39,123	44,180	50,432	54,380	60,283	73,893	80,712
Equity Share Capital	275	289	289	289	289	289	295	295
Reserves & Surplus	28,114	38,827	43,886	50,147	54,091	59,939	70,412	76,329
Equity Method Investments	19	23	29	30	876	969	300	319
Total Equity	28,401	39,123	44,180	50,432	54,380	60,283	73,893	80,712
Non-Current Liabilities	23,278	23,583	21,411	13,240	13,575	13,613	27,439	26,832
Long-term Borrowings	19,551	17,368	13,548	5,303	5,356	5,308	15,781	15,019
Deferred Tax Liabilities	3,554	4,912	6,041	6,033	6,260	6,448	9,579	9,890
Non-Current Provisions	166	242	365	618	624	671	892	935
Other Non-Current Liabilities	6	6	6	5	4	4	30	—
Non-Current Financial Liabilities	19,551	18,423	15,000	6,585	6,687	6,491	16,937	16,007
Current Liabilities	12,368	16,142	20,348	20,155	23,432	26,906	32,365	33,832
Short-term Borrowings	2,724	3,985	4,235	4,900	4,544	4,991	7,250	7,762
Trade Payables	2,846	3,501	4,699	5,863	7,209	8,478	9,327	10,237
Current Financial Liabilities	8,095	11,480	14,513	14,489	16,684	18,958	23,333	24,732
Other Current Financial Liabilities	2,525	3,994	5,579	3,726	4,930	5,489	6,755	6,733
Other Current Liabilities	3,366	3,512	4,601	4,891	5,177	5,707	6,692	6,312
Current Provisions	451	548	522	248	204	258	350	355
Liabilities Held for Sale	489	489	244	—	—	—	—	—
Current Tax Liabilities	456	601	712	527	1,366	1,983	1,990	2,433
Total Liabilities	36,135	40,214	42,003	33,396	37,007	40,519	59,804	60,664
Total Non-Current Assets	52,781	64,330	62,133	66,338	70,644	77,644	1,09,960	1,16,129
Property, Plant & Equipment (PPE)	38,604	43,841	42,291	42,592	46,480	50,126	76,015	80,283
Capital Work-in-Progress	1,118	910	1,681	4,777	4,035	6,783	6,188	8,276
Intangible Assets	4,685	6,888	6,901	6,645	6,769	6,406	10,867	10,601
Non-Current Investments	1,386	1,662	1,255	1,342	584	1,795	1,997	2,684
Loans – Non-Current	1,123	1,232	167	10	9	8	16	17
Other Non-Current Assets	2,942	3,105	3,022	3,558	3,667	3,720	3,850	2,447
Non-Current Financial Assets	2,550	3,293	1,977	2,462	2,475	3,261	4,947	5,765
Net Fixed Assets	44,407	51,639	50,873	54,015	57,285	63,315	93,071	99,160
Total Current Assets	11,755	13,932	23,054	17,480	20,725	23,143	23,600	25,102
Inventories	3,585	4,148	4,018	5,596	6,612	8,330	9,563	9,694
Trade Receivables	2,531	2,238	2,572	3,072	3,867	4,278	5,890	6,029
Cash & Cash Equivalents	437	147	177	121	370	554	467	354
Current Investments	1,516	4,244	10,894	4,963	5,837	5,485	2,859	3,736
Loans – Current	184	198	115	7	8	9	10	13
Current Financial Assets	5,850	8,280	17,487	10,273	12,295	12,865	11,731	12,698
Other Current Assets	2,282	1,503	1,548	1,611	1,818	1,948	2,247	2,645
Other Current Financial Assets	912	1,061	1,900	1,872	1,434	2,310	1,299	1,536
Assets Held for Sale	—	1,076	997	10	18	15	138	146
Current Tax Assets	38	0	0	0	0	0	58	64
Net Working Capital	-613	-2,210	2,706	-2,675	-2,707	-3,762	-8,765	-8,730
Additional Asset Fields	24	14	13	13	7	61	3,252	4,150
Def Tax Assets	12	6	7	16	7	5	65	61
Non Controlling Int	12	8	6	-3	—	56	3,187	4,089
Total Assets	64,536	79,337	86,184	83,828	91,387	1,00,802	1,33,697	1,41,376
Total Borrowings	22,275	21,353	17,784	10,203	9,901	10,298	23,031	22,781
Net Debt	21,838	21,206	17,606	10,082	9,530	9,745	22,564	22,426
Debt to Equity (x)	0.78	0.55	0.4	0.2	0.18	0.17	0.31	0.28
Current Ratio (x)	0.95	0.86	1.13	0.87	0.88	0.86	0.73	0.74

UltraTech Cement cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

UltraTech Cement annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	9,283	9,069	10,898	10,673	15,316
Profit Before Tax	8,363	7,412	9,400	7,539	10,943
Depreciation & Amortisation	2,715	2,888	3,145	4,015	4,644
Finance Costs	945	823	968	1,651	1,872
Working Capital Changes	-627	-337	-481	-671	-233
Tax Paid	-1,555	-1,124	-1,651	-1,301	-1,301
Net Cash from Investing Activities	2,257	-7,187	-8,788	-16,504	-9,480
Purchase of PPE	-5,613	-6,200	-9,006	-9,129	-9,678
Sale of Fixed Assets	73	-7,549	122	-701	167
Interest Received	174	283	161	342	207
Net Cash from Financing Activities	-11,596	-1,631	-1,926	5,076	-5,954
Proceeds from Borrowings	175	1,032	1,399	9,410	-40
Repayment of Borrowings	-10,346	-579	-1,069	-550	-1,426
Interest Paid	-961	-765	-917	-1,479	-1,869
Dividend Paid	-1,065	-1,091	-1,094	-2,012	-2,273
Buyback / Redemption of Shares	-91	-115	-100	-100	-119
Lease Liabilities Paid	-223	-126	-162	-226	-276
Net Change in Cash	-57	250	183	-751	-113
Effect of Foreign Exchange Changes	-0	-1	-1	4	5
Free Cash Flow	3,670	2,868	1,892	1,544	5,638
CFO / PBT (x)	1.11	1.22	1.16	1.42	1.4

UltraTech Cement key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

UltraTech Cement valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	40.86
Forward P/E	Valuation	26.01
P/B	Valuation	4.55
PEG (TTM)	Valuation	1.22
EV / EBITDA (TTM)	Valuation	18.97
P/S (TTM)	Valuation	3.79
Operating margin	Profitability	19.2%
Net margin (TTM)	Profitability	10.24%
Return on equity	Return ratios	11.1%
Return on capital employed	Return ratios	12.7%
Return on assets	Return ratios	5.62%
Debt to equity	Leverage & liquidity	0.31
Beta	Leverage & liquidity	1.13
EPS (TTM)	Per share	₹290.35
Book value	Per share	₹2,448.89
Revenue / share (TTM)	Per share	₹3,126.36
Cash flow / share	Per share	₹520.65
Dividend yield	Shareholder returns	2%
Dividend payout (TTM)	Shareholder returns	27.98%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

UltraTech Cement: frequently asked questions

What is UltraTech Cement's annual revenue?

UltraTech Cement reported revenue of ₹88,512 crore in Mar 2026, up 16.5% on the previous financial year.

Is UltraTech Cement profitable?

UltraTech Cement reported a net profit of ₹8,166 crore in Mar 2026, up 35.2% on the previous financial year.

What is UltraTech Cement's EPS?

UltraTech Cement reported earnings per share of ₹277.1 for Mar 2026.

What is UltraTech Cement's operating margin?

UltraTech Cement's operating margin for Mar 2026 was 19.23%.

What is UltraTech Cement's return on equity?

UltraTech Cement's return on equity stands at 11.10%. ROE measures profit generated per rupee of shareholder equity.

How many years of UltraTech Cement financials are shown?

8 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about UltraTech Cement Ltd (ULTRACEMCO) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.