# UltraTech Cement share price today (UltraTech Cement Ltd, NSE: ULTRACEMCO)

> UltraTech Cement share price today: ₹11,700.00 at the NSE close on 3 November 2026, down 2.1% in a year. UltraTech Cement (NSE: ULTRACEMCO) is worth ₹3,44,774 crore, trades at a P/E of 38.8 and has closed between ₹10,616.00 and ₹12,984.00 over the past 52 weeks. > UltraTech Cement Ltd's earnings have grown faster than its share price. Earnings per share grew +35.2% in a year while the price moved −2.1%. ULTRACEMCO · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ultratech-cement-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹11,700.00 (−2.1% in a year)
- P/E: 38.8× (lower than 55% of the last 11 years)
- Revenue (Sep 2026): ₹23,295 Cr (+18.8% on a year ago)
- Profit (Sep 2026): ₹1,501 Cr (+21.2% on a year ago)
- Operating margin: 16.0% (flat on a year ago)
- ROCE: 13%, FY26
- Profit that came in as cash: 174%, last 3 years

The main question: yearly earnings per share moved +35.2% while the share price moved −2.1%. ## What is the UltraTech Cement share price today? UltraTech Cement Ltd's share price was ₹11,700.00 at the close on 3 November 2026. It has been falling for 7 weeks. That is 2.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹10,616 and ₹12,984, and at that close it sat 46% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +322% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at UltraTech Cement this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and foreign funds (FIIs) cut their stake for 4 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹23,295 crore, +18.8% on a year earlier. Why: Revenue rose because the company sold more cement and got better prices for it. Next results: check whether the further price rises in the next couple of months help the next quarter. From the earnings call on 19 Oct 2026. 2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 16.7% to 20.9% of the company by the September 2026 quarter. 3. Foreign funds (FIIs) cut their stake for 4 quarters in a row From 15.3% to 12.2% of the company by the September 2026 quarter. ## What are UltraTech Cement's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), UltraTech Cement reported revenue of ₹23,295 crore, up 18.8% from ₹19,607 crore a year earlier, and a profit of ₹1,501 crore, up 21.2% from ₹1,238 crore. ### UltraTech Cement results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹23,295 crore | ₹19,607 crore | +18.8% |
| Profit | ₹1,501 crore | ₹1,238 crore | +21.2% |
| Earnings per share | ₹50.69 | ₹41.79 | +21.3% |
| Operating margin | 16.0% | 16.0% | 0.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). UltraTech Cement's management discussed these results on a call held on 19 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the UltraTech Cement share price history? UltraTech Cement closed at ₹11,700.00 on 3 November 2026, down 2.1% from ₹11,947.00 a year earlier (31 October 2025) and up 48.5% over five years. Its highest weekly close since February 2016 was ₹12,963.00 on 13 February 2026. ### UltraTech Cement share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹11,050.00 | +5.9% |
| 1 month ago · 1 Oct 2026 | ₹10,710.00 | +9.2% |
| 6 months ago · 30 Apr 2026 | ₹11,586.00 | +1.0% |
| 1 year ago · 31 Oct 2025 | ₹11,947.00 | −2.1% |
| 3 years ago · 3 Nov 2023 | ₹8,522.60 | +37.3% |
| 5 years ago · 4 Nov 2021 | ₹7,880.80 | +48.5% |
| 10 years ago · 4 Nov 2016 | ₹3,854.55 | +203.5% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹2,770.95 | +322.2% |
| Highest weekly close since February 2016 · 13 Feb 2026 | ₹12,963.00 | −9.7% |
| 52-week high (weekly close) · 17 Feb 2026 | ₹12,984.00 | −9.9% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹10,616.00 | +10.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on UltraTech Cement? 3 Nov 2026: UltraTech Cement closed at ₹11,700.00, up 5.9% on the week and up 9.2% on the month. 19 Oct 2026: UltraTech Cement held its results call for July to September 2026. Management guided: 240 MT grey capacity on track as planned with detailed next-phase organic plans before fiscal-end, North a focus. ### Earlier

- Results for July to September 2026: Revenue up 18.8% and profit up 21.2% on a year earlier. - 30 Jul 2026: ex-date for a dividend of ₹240 a share. ## What dividend does UltraTech Cement pay? UltraTech Cement paid ₹240 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.05% at the ₹11,700.00 close on 3 November 2026. The last was a dividend of ₹240 a share, ex-date 30 July 2026. ### UltraTech Cement dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 30 Jul 2026 | ₹240 | Dividend |
| 25 Jul 2025 | ₹77.50 | Dividend |
| 30 Jul 2024 | ₹70 | Dividend |
| 27 Jul 2023 | ₹38 | Dividend |
| 2 Aug 2022 | ₹38 | Dividend |
| 2 Aug 2021 | ₹37 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. UltraTech Cement Ltd paid out 87% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did UltraTech Cement management say on the latest results call? On the call for July to September 2026, held on 19 October 2026, UltraTech Cement's management guided: 240 MT grey capacity on track as planned with detailed next-phase organic plans before fiscal-end, North a focus. > “This is a sweet spot to be in: price improvements, volume growth and cost optimization. What more could one ask for?”
> Atul Daga, on the call for July to September 2026

### What management guided

- FY27 capital spending around ₹10,000 crore plus or minus, to be revisited after Q3 results. - Net debt to operating profit below 1x by March-end from 1.2-1.3x September level. - Fuel cost around ₹2.2 per 000 Kcal through second half assuming current petcoke lasts and no further escalation. - Further price lift next couple months for Q3 benefit with higher operating profit per ton on a year earlier next two quarters and ₹1,400 per ton exit March 2028. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4499/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 19 October 2026.)

## What to watch in UltraTech Cement's next results? When UltraTech Cement reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Q3 earnings capture of late-September and October price lift - check whether full benefit lands as flagged. - What to check (from the call)
- Q3 earnings capture of late-September and October price lift - check whether full benefit lands as flagged. - UltraVolt counter availability and replenishment discipline - check secondary turnover commentary in next update. - Leverage and expansion milestones - check March-end position against flagged threshold and next-phase plan announcement before fiscal-end. ## Which stock lists is UltraTech Cement on? UltraTech Cement is on 2 of our India lists: Nifty 50 companies and Dividend stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [Dividend stocks Regular dividend yield (%): 2.11](https://www.sectoralpha.in/dividend-stocks-india)

## Is UltraTech Cement profitable? UltraTech Cement Ltd earned ₹1,501 Cr of net profit in the Sep 2026 quarter, +21.2% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹8,188 Cr. Over 10 years profit has grown 12.7% a year on average. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹1,238 Cr. For the full year, FY26 profit was ₹8,188 Cr (+35.6% on the year before). Why profit moved: revenue changed +18.8% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +21.6% and revenue +17.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does UltraTech Cement make, and is it growing? UltraTech Cement Ltd reported ₹23,295 Cr of revenue in the Sep 2026 quarter, +18.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.4% a year on average. The last full year, FY26, came in at ₹88,512 Cr. The last four reported quarters add to ₹95,572 Cr. FY26 revenue was ₹88,512 Cr, +16.5% on the year before. Recent pace: the last four quarters grew +17.4% on average, against 13.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.9%, against +15.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +21.1%, against +19.0% a year (stabilising). ## How much of every ₹100 of sales does UltraTech Cement keep? UltraTech Cement Ltd's operating margin was 16.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 17.0% and 26.0%. The latest quarter is below every full year in that period. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −1.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is UltraTech Cement's profit turning into cash? Over the last 3 years, 174% of UltraTech Cement Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹15,316 Cr of operating cash against ₹8,188 Cr of profit. After ₹11,382 Cr of spending on assets, ₹3,934 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 174% of profit came in as cash: the cash cycle got 19 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 4.7× depreciation over three years. The next section checks what that spending is building. ## Where does UltraTech Cement's cash go? UltraTech Cement Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 13 days in FY26, up from −6 days in FY21. It spent ₹55,721 Cr on assets over the last 3 years. Customers take 25 days to pay, and stock sits for 206 days on average. At FY26 sales of ₹88,512 Cr, each day of that cycle ties up about ₹242 Cr, so roughly ₹3,152 Cr is tied up in the business at any time. FY26: customers took 25 days to pay and stock sat for 206 days, about 6.8 months of sales sitting as stock, for a full cycle of 13 days, longer than FY21's −6. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 206 days. Customers pay about 25 days after that. Suppliers are paid at 217 days. Together that makes the 13-day cycle. Spending on assets: ₹55,721 Cr over the last 3 years, against ₹11,804 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹8,742 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is UltraTech Cement's P/E ratio, and how does it compare with its own history? UltraTech Cement Ltd's P/E is 38.8×, in the middle of its own history: higher than 45% of past readings. Its usual P/E (the middle reading) is 40.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹298.67. Why the multiple is where it is: over the past year earnings per share moved +35.2% while the price moved −2.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +8.2% a year; about +6.3% a year came from earnings growth and about +1.9 percentage points from the multiple (the market paying more); over 10 years the price moved +11.7% a year; about +11.6% a year came from earnings growth and about +0.1 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 17% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the UltraTech Cement business getting better or worse? UltraTech Cement Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 13.0%; each line tells part of the story. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does UltraTech Cement earn on its capital? UltraTech Cement Ltd earned a ROCE of 13% in FY26. That is up from a low of 10% in FY19. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 9.3% net margin and 0.63× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 9.3% net margin × 0.63× asset turnover × 1.84× leverage (assets divided by equity) ≈ 10.8% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 17% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does UltraTech Cement have too much debt? UltraTech Cement Ltd had ₹23,755 Cr of borrowings against ₹76,624 Cr of equity in FY26, so its debt is 0.31× its equity. Its operating profit is 9 times its interest bill. Over 5 years borrowings went from ₹21,719 Cr to ₹23,755 Cr. Over the last 3 of those years it spent ₹55,721 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 17% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the UltraTech Cement shareholding pattern? Domestic institutions raised their stake in UltraTech Cement Ltd by 6.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 20.9% of the company. Foreign institutions moved −5.8 points over the same period, to 12.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +6.8 points over 8 quarters, to 20.9%; Foreign institutions: −5.8 points over 8 quarters, to 12.2%; Promoters: −1.5 points over 8 quarters, to 58.5%. Why the owners changed: foreign institutions moved −5.8 points and domestic institutions +6.8 points over 8 quarters, while promoters moved −1.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is UltraTech Cement from balance-sheet trouble? For UltraTech Cement Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does UltraTech Cement rank in its industry? 62.2 out of 100, rank 4 of 26 in Cement, with 67% of the evidence available. UltraTech Cement Ltd scores 62.2 out of 100 against the 26 companies it is compared with in Cement, ranking 4. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 24 + 16.9 + 10.1 + 11.2 = 62.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is UltraTech Cement compared with? UltraTech Cement ranks 4 of 26 Cement companies on the 4-Factor Sector Score, with 62.2 out of 100. 1. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. UltraTech Cement Ltd this page ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [JSW Cement Ltd](https://www.sectoralpha.in/stocks/jsw-cement-ltd) JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative
20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. [Shiva Cement Ltd](https://www.sectoralpha.in/stocks/shiva-cement-ltd) SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative
26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to UltraTech Cement in size? UltraTech Cement is the largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Ambuja Cements, Shree Cement, J K Cements, Dalmia Bharat, ACC and The Ramco Cements. ### Cement companies close in size

1. UltraTech Cement Ltd ₹3,25,473 crore
2. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) ₹86,484 crore
3. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) ₹82,968 crore
4. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) ₹36,977 crore
5. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) ₹24,875 crore
6. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ₹21,220 crore
7. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) ₹17,005 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [ITC Ltd](https://www.sectoralpha.in/stocks/itc-ltd) ₹3,32,848 crore · Cigarettes & Tobacco Products
2. [Eternal Ltd](https://www.sectoralpha.in/stocks/eternal-ltd) ₹3,31,634 crore · E-Commerce - Platform - Food
3. UltraTech Cement Ltd ₹3,25,473 crore
4. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) ₹3,24,603 crore · Aerospace & Defence - Equipments
5. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) ₹3,06,657 crore · Power - Generation/Distribution

## What else do people ask about UltraTech Cement? ### What is UltraTech Cement's share price today? UltraTech Cement Ltd's share price is ₹11,700.00, −2.1% over the past year. The whole company is worth ₹3,44,774 Cr on the market. In the last 52 weeks it traded between ₹10,616 to ₹12,984; today it is 46% of the way up from the low, 2.0% above its 200-day average (as of 3 November 2026). ### What were UltraTech Cement's latest quarterly results? UltraTech Cement Ltd reported revenue of ₹23,295 Cr and net profit of ₹1,501 Cr for the Sep 2026 quarter. Revenue rose 18.8% and profit rose 21.2% compared with a year earlier. Earnings per share were ₹50.69. The operating margin was 16.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is UltraTech Cement's market cap? UltraTech Cement Ltd's market capitalisation is ₹3,44,774 Cr at a share price of ₹11,700.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is UltraTech Cement performing? UltraTech Cement Ltd's share price has been falling for 7 weeks. In its latest quarter, revenue rose 18.8% and profit rose 21.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will UltraTech Cement's share price go up? This page does not forecast UltraTech Cement Ltd's share price. What it shows instead: the share price is ₹11,700.00, and it has been falling for 7 weeks. Its P/E of 38.8× is higher than 45% of its own last 11 years (as of 3 November 2026). ### Where is UltraTech Cement in its business cycle? UltraTech Cement Ltd's FY26 operating margin was 19.0%, against a 13-year range of 17.0% to 26.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 16.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the UltraTech Cement story? The main question: yearly earnings per share moved +35.2% while the share price moved −2.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is UltraTech Cement a stock worth studying right now? What the numbers show: UltraTech Cement Ltd's earnings have grown faster than its share price. Earnings per share grew +35.2% in a year while the price moved −2.1%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a UltraTech Cement share price forecast for 2026? What management itself guided: 240 MT grey capacity on track as planned with detailed next-phase organic plans before fiscal-end, North a focus. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

This is research, not advice. We’re not SEBI-registered.