UltraTech Cement Limited (ULTRACEMCO) Fair Value & Analysis
Basic Materials · IN · Market cap ₹3.4T (≈ $36.5B) · ISIN INE481G01011
What is UltraTech Cement Limited really worth?
A solid business, but trading 142% above our fair value of ₹4,718.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price −6.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹5,899). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹2,402 to ₹5,899) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹5,067 – ₹13,068 · fair‑value band ₹2,402 – ₹5,899 · the ₹11,408 price screens above the ₹4,718 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
UltraTech Cement Limited (ULTRACEMCO) currently trades at ₹11,408, while our model-based Fair Value estimate is ₹4,718, implying the stock looks roughly 141.8% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹5,271 per share, and 0 of the 26 models we run sit above the ₹11,408 price. Bear case: the Dividend Discount group reads lowest at ₹1,329, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, UltraTech Cement Limited generated revenue of ₹885B at a net margin of 9.2%. Revenue grew 3.0% year over year. It earns a return on equity of 10.6%. Net debt stands at ₹224B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹2,402 (bear case) to ₹5,899 (bull case); at ₹11,408, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −56% fair-value upside, at −59%, ULTRACEMCO screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹119.98 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (₹5,271) versus Dividend Discount (₹1,329). Highest evidence: FCF DCF (74).
Notify me when ULTRACEMCO reaches fair value
Put ULTRACEMCO on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
UltraTech Cement Limited, together with its subsidiaries, engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.
Full company description
UltraTech Cement Limited, together with its subsidiaries, engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka. The company offers ordinary Portland, Portland pozzolana, composite, Weather Plus, and Portland slag; white cement, wall care putty, and value-added products; ready-mix concrete; dry mix mortars, such as tile and marble binders, plasters and mortars, industrial and precision grouts, repair and rehabilitation, and flooring screed; and waterproofing products, including liquid and cement waterproofing products. It also provides masonry products; and TMT steel bars, paints, waterproofing solutions and treatments, switchboards and fittings, plywood, shuttering ply, power and hand tools, PVC pipes, sanitary ware, roofing sheets, and water storage tanks, as well as flooring materials, such as marble, granite, and semi-precious stones through its retail stores under UltraTech Home Expert Store brand name. In addition, the company operates mobile concrete labs that offers on-ground technical assessment of construction materials; and provides Vaastu, pest control, and water testing services, as well as home loans. It offers its products under UltraTech Décor, DuraFacad, Pervious, MaxSheen, AquaSeal, ThermoCon+, FreeFlow+, FireSafe, DuraPlus, CorroProtect, Litecon, iFloors, Rapid, and ZIP brands. The company was incorporated in 2000 and is based in Mumbai, India. UltraTech Cement Limited operates as a subsidiary of Grasim Industries Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
UltraTech Cement Limited reported revenue of ₹885B in FY2026 versus ₹526B in FY2022, a compound +13.9%/yr. Reported net income was ₹81.7B in FY2026, compounding +2.7%/yr from FY2022.
of which total revenue +13.6 % · buybacks/dilution −0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ULTRACEMCO screens 142% overvalued. Compare with CRH plc →
Peer Group
Building Materials · 257 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $96.05 | $69.69 | −27% |
| Holcim AG HOLN | CHF 71.04 | CHF 20.00 | −72% |
| Vulcan Materials Company VMC | $259.69 | $114.48 | −56% |
| Heidelberg Materials AG HEI | €170.05 | €167.96 | −1% |
| Martin Marietta Materials, Inc MLM | $543.90 | $215.31 | −60% |
| China Jushi Co 600176 | ¥40.56 | ¥13.22 | −67% |
| Amrize AG AMRZ | CHF 37.65 | CHF 29.67 | −21% |
| Grasim Industries Limited GRASIM | ₹3,293 | ₹1,245 | −62% |
| CEMEX, S.A. CX | $11.24 | $11.31 | +1% |
| James Hardie Industries plc JHX | A$41.54 | A$9.80 | −76% |
Compare UltraTech Cement Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is UltraTech Cement Limited (ULTRACEMCO) overvalued or undervalued?
What is the fair value of ULTRACEMCO?
What is the quality score of ULTRACEMCO?
What is the revenue of UltraTech Cement Limited (ULTRACEMCO)?
What is the net profit margin of ULTRACEMCO?
Does UltraTech Cement Limited pay a dividend?
Watch UltraTech Cement Limited in the live analysis
One click puts UltraTech Cement Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.