cement

UltraTech Cement

ULTRACEMCO · Nifty 50

11,373

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 40.0 (67%ile of 5Y range 27-62). Trading near median.
Sector Positioncement sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score100/100 (STRONG). 3 positive flags, 3 concerns.
Historical Context155 similar technical setups. Average outcome: -7.8% decline. 0% positive.
Revenue TrendRevenue growing at 3.0% YoY. Slow revenue growth — 3.0% YoY

Fundamental

100/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

UltraTech Cement scores 100/100 on fundamentals (strong). UltraTech Cement: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 100/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 12.3% broken into three drivers. Each shows how efficiently the company generates returns.

ROE12.3%=
10.2%Net Margin
×
0.7xTurnover
×
1.8xLeverage

ROE of 12.29% is moderate margin-driven and stable. Net margin of 10.2% × asset turnover of 0.65x × leverage of 1.8x.

What This Means

Net margin of 10.2% means the company keeps ₹10.2 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.65x means the company efficiently uses its assets to generate revenue. Leverage of 1.8x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

80.8%

Operating

15.5%

Net

10.2%

improving

Gross margin 80.8% → operating margin 15.5% → net margin 10.2%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 1.6x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

COMFORTABLE

Interest covered 7.6x — very comfortable. Debt service is not a concern. Debt/EBITDA at 1.3x is low — balance sheet has capacity.

Free Cash Flow

STRONG

FCF margin at 6.1% — moderate. Generating cash after investments.

Peer Comparison

UltraTech Cement is compared against 5 peers in the cement sector.

Key Watchpoints

🟢

Breaks above ₹11942 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹10804 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 39.7

Valuation normalization

🟢

Cement sector entering leadership

Sector rotation signal

Detected Patterns

✅ High Earnings Quality: Cash flow covers earnings 1.6x — strong cash conversion

Risk Flags

🔴 2 Critical⚠️ 1 Warning3 Positive6 total flags
🔴Cash covers only 1% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

🔴Overall governance risk: 10/10
Governance

Elevated risk score. Review audit, board, and shareholder rights metrics.

⚠️Board risk elevated: 10/10
Governance

Governance structure concerns. Independent director representation may be weak.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

High promoter holding: 62%
Governance

Strong insider alignment. Promoters have significant skin in the game.

Strong analyst consensus: strong_buy (39 analysts)
Valuation

Mean recommendation: 1.4/5 (1=Strong Buy, 5=Strong Sell). Institutional confidence is high.

🔴 2 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
40.0HIGH
P/B Ratio
4.5HIGH
ROE
10.6%HIGH
Market Cap
₹32702838.9L CrHIGH
From 52W High
87% of high
Promoter Holding
61.7%MODERATE
Institutional
23.0%
Sector Peers
5