In Week of Mar 28, 2026, UltraTech Cement Ltd (Cement) is outperforming Nifty 500 with +5.3% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: 8-9 MTPA capacity addition in Q4 FY26 followed by 12 MTPA in FY27 driving volume growth
Impact: +₹5000 Cr revenue
“Management stated: 'The company expects 8-9 million tons capacity addition in Q4 FY26 and 12 million tons in FY27.'”
What: Kesoram and India Cements integration 69% and 58% complete respectively, delivering cost synergies
Impact: +₹1500 Cr revenue
“Management stated: 'Integration of recent acquisitions, Kesoram and India Cements, is progressing ahead of schedule, with brand conversion at Kesoram reaching 69% and India Cements at 58% by December 2025.'”
What: Improved clinker conversion factor and reduced lead distance driving OPM expansion
“Management stated: 'Efficiency improvement programs have shown measurable results, with lead distance reduced to 363 km and clinker conversion factor improved to 1.49.'”
Earnings deceleration risks from management commentary
Trigger: RM costs increase >10% without price pass-through
Impact: -200 bps margin impact
Management view: Management expects to pass on cost escalations in pet coke, coal, and labor to prices.
Monitor: RM cost vs price realization quarterly
Key quotes from recent conference calls
“The company expects 8-9 million tons capacity addition in Q4 FY26 and 12 million tons in FY27. — Kailash C. Jhanwar”
“Integration of recent acquisitions, Kesoram and India Cements, is progressing ahead of schedule, with brand conversion at Kesoram reaching 69% and India Cements at 58% by December 2025. — Kailash C. Jhanwar”
“Efficiency improvement programs have shown measurable results, with lead distance reduced to 363 km and clinker conversion factor improved to 1.49. — Kailash C. Jhanwar”
“The company expects to pass on cost escalations in pet coke, coal, and labor to prices. — Atul Daga”
Forward-looking targets from management for Next 4 quarters
Revenue Growth Target
15%
Implied PAT Growth
18%
OPM Guidance
22.5%
Capex Plan
₹3500 Cr
Key Milestones
• 8-9 MTPA capacity addition in Q4 FY26
• Debt/EBITDA to 0.8-0.9x by FY26 end
• Full integration of acquisitions by Q2 FY27
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +23% | +13% | Accelerating |
| PAT (Net Profit) | +27% | -6% | Stable |
| OPM | 18.0% | +200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
UltraTech Cement Ltd's latest quarterly results (Dec 2025) show
UltraTech Cement Ltd's profit is growing with an stable trend.
UltraTech Cement Ltd's revenue growth trend is accelerating.
UltraTech Cement Ltd's operating margin is volatile.
UltraTech Cement Ltd's long-term compounding rates
UltraTech Cement Ltd's earnings growth is stable with mixed signals on a sequential basis.
UltraTech Cement Ltd's trailing twelve month (TTM) performance
UltraTech Cement Ltd appears overvalued based on our fair value analysis.
UltraTech Cement Ltd's current PE ratio is 41.9x.
UltraTech Cement Ltd's current PE is 41.9x.
UltraTech Cement Ltd's price-to-book ratio is 4.5x.
UltraTech Cement Ltd is rated Average with a fundamental score of 47.73/100. This score is calculated from objective financial metrics
UltraTech Cement Ltd has a debt-to-equity ratio of N/A.
UltraTech Cement Ltd's return ratios over recent years
UltraTech Cement Ltd's operating cash flow is positive (FY2025).
UltraTech Cement Ltd's current dividend yield is 0.70%.
UltraTech Cement Ltd's shareholding pattern (Dec 2025)
UltraTech Cement Ltd's promoter holding has increased recently.
UltraTech Cement Ltd has been outperforming Nifty 500 for 2 consecutive weeks, indicating early-stage outperformance.
UltraTech Cement Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
UltraTech Cement Ltd has 3 key growth catalysts identified from recent earnings analysis
UltraTech Cement Ltd has 1 key risk worth monitoring
In Q3 FY26, UltraTech Cement Ltd's management highlighted
UltraTech Cement Ltd's management has provided the following forward guidance for Next 4 quarters
Based on quantitative research signals, here is why UltraTech Cement Ltd may be worth studying
UltraTech Cement Ltd investment thesis summary:
UltraTech Cement Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
