UltraTech Cement Future Growth

Future criteria checks 4/6

UltraTech Cement is forecast to grow earnings and revenue by 25.3% and 12.1% per annum respectively. EPS is expected to grow by 24.5% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

25.3%

Earnings growth rate

24.5%

EPS growth rate

Basic Materials earnings growth	16.9%
Revenue growth rate	12.1%
Future return on equity	14.2%
Analyst coverage	Good
Last updated	06 Nov 2024

Recent future growth updates

Earnings Miss: UltraTech Cement Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts

Oct 24

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) First-Quarter Report

Jul 23

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) Yearly Report

May 02

Results: UltraTech Cement Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Jan 23

Recent updates

Earnings Miss: UltraTech Cement Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts

Oct 24

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) First-Quarter Report

Jul 23

There's Been No Shortage Of Growth Recently For UltraTech Cement's (NSE:ULTRACEMCO) Returns On Capital

Jun 26

UltraTech Cement (NSE:ULTRACEMCO) Has A Pretty Healthy Balance Sheet

May 21

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) Yearly Report

May 02

With UltraTech Cement Limited (NSE:ULTRACEMCO) It Looks Like You'll Get What You Pay For

Apr 08

UltraTech Cement (NSE:ULTRACEMCO) Shareholders Will Want The ROCE Trajectory To Continue

Feb 10

Results: UltraTech Cement Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Jan 23

Investors Still Waiting For A Pull Back In UltraTech Cement Limited (NSE:ULTRACEMCO)

Jan 03

Is UltraTech Cement (NSE:ULTRACEMCO) A Risky Investment?

Dec 16

Returns Are Gaining Momentum At UltraTech Cement (NSE:ULTRACEMCO)

Oct 23

Here's Why UltraTech Cement (NSE:ULTRACEMCO) Can Manage Its Debt Responsibly

Sep 13

Is UltraTech Cement (NSE:ULTRACEMCO) Using Too Much Debt?

Jun 05

The Return Trends At UltraTech Cement (NSE:ULTRACEMCO) Look Promising

Apr 30

UltraTech Cement (NSE:ULTRACEMCO) Might Have The Makings Of A Multi-Bagger

Jan 20

UltraTech Cement (NSE:ULTRACEMCO) Seems To Use Debt Quite Sensibly

Nov 27

Returns At UltraTech Cement (NSE:ULTRACEMCO) Appear To Be Weighed Down

Oct 18

Is Now The Time To Put UltraTech Cement (NSE:ULTRACEMCO) On Your Watchlist?

Aug 28

Is UltraTech Cement (NSE:ULTRACEMCO) A Risky Investment?

Aug 13

UltraTech Cement (NSE:ULTRACEMCO) Is Increasing Its Dividend To ₹38.00

Jul 21

Slowing Rates Of Return At UltraTech Cement (NSE:ULTRACEMCO) Leave Little Room For Excitement

Jun 28

Are UltraTech Cement Limited (NSE:ULTRACEMCO) Investors Paying Above The Intrinsic Value?

Jun 16

Here's Why We Think UltraTech Cement (NSE:ULTRACEMCO) Is Well Worth Watching

May 23

Does UltraTech Cement (NSE:ULTRACEMCO) Have A Healthy Balance Sheet?

Mar 25

UltraTech Cement (NSE:ULTRACEMCO) Is Looking To Continue Growing Its Returns On Capital

Mar 10

A Look At The Intrinsic Value Of UltraTech Cement Limited (NSE:ULTRACEMCO)

Feb 23

UltraTech Cement (NSE:ULTRACEMCO) Has A Rock Solid Balance Sheet

Dec 21

UltraTech Cement (NSE:ULTRACEMCO) Shareholders Will Want The ROCE Trajectory To Continue

Dec 09

Should You Be Adding UltraTech Cement (NSE:ULTRACEMCO) To Your Watchlist Today?

Nov 27

Is UltraTech Cement Limited (NSE:ULTRACEMCO) Worth ₹8.1k Based On Its Intrinsic Value?

Nov 16

UltraTech Cement (NSE:ULTRACEMCO) Seems To Use Debt Rather Sparingly

Sep 16

UltraTech Cement (NSE:ULTRACEMCO) Is Experiencing Growth In Returns On Capital

Sep 03

Is Now The Time To Put UltraTech Cement (NSE:ULTRACEMCO) On Your Watchlist?

Aug 22

UltraTech Cement Limited's (NSE:ULTRACEMCO) Intrinsic Value Is Potentially 24% Below Its Share Price

Aug 09

UltraTech Cement's (NSE:ULTRACEMCO) Dividend Will Be Increased To ₹37.00

Jul 21

Is UltraTech Cement (NSE:ULTRACEMCO) Using Too Much Debt?

Jun 15

The Returns At UltraTech Cement (NSE:ULTRACEMCO) Aren't Growing

May 17

Earnings and Revenue Growth Forecasts

NSEI:ULTRACEMCO - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	950,375	118,292	67,762	166,931	28
3/31/2026	852,289	98,600	51,408	140,849	35
3/31/2025	743,948	70,252	18,823	112,120	35
9/30/2024	708,632	65,517	9,584	103,667	N/A
6/30/2024	712,406	70,131	N/A	N/A	N/A
3/31/2024	709,081	70,050	18,920	108,975	N/A
12/31/2023	691,516	64,128	N/A	N/A	N/A
9/30/2023	679,325	56,941	44,319	115,964	N/A
6/30/2023	658,131	51,683	N/A	N/A	N/A
3/31/2023	632,400	50,640	28,684	90,685	N/A
12/31/2022	603,449	58,585	N/A	N/A	N/A
9/30/2022	578,089	65,080	573	66,477	N/A
6/30/2022	559,330	70,658	N/A	N/A	N/A
3/31/2022	525,988	71,844	36,698	92,832	N/A
12/31/2021	512,372	64,991	N/A	N/A	N/A
9/30/2021	505,142	63,757	72,932	108,464	N/A
6/30/2021	488,846	62,286	N/A	N/A	N/A
3/31/2021	447,258	53,202	105,780	125,004	N/A
12/31/2020	408,696	65,736	N/A	N/A	N/A
9/30/2020	390,929	56,502	90,114	104,135	N/A
6/30/2020	383,388	53,312	N/A	N/A	N/A
3/31/2020	424,299	57,553	72,831	89,724	N/A
12/31/2019	395,202	36,676	N/A	N/A	N/A
9/30/2019	396,105	33,521	60,425	75,550	N/A
6/30/2019	386,567	30,105	N/A	N/A	N/A
3/31/2019	416,088	24,035	41,999	59,561	N/A
12/31/2018	362,492	18,486	N/A	N/A	N/A
9/30/2018	346,603	19,113	N/A	N/A	N/A
6/30/2018	333,975	19,572	N/A	N/A	N/A
3/31/2018	309,786	22,222	N/A	38,877	N/A
12/31/2017	291,956	25,020	N/A	N/A	N/A
9/30/2017	269,885	26,403	N/A	N/A	N/A
6/30/2017	258,230	28,318	N/A	N/A	N/A
3/31/2017	253,749	27,149	N/A	50,050	N/A
12/31/2016	253,386	26,157	N/A	N/A	N/A
9/30/2016	254,104	25,867	N/A	N/A	N/A
6/30/2016	255,372	24,628	N/A	N/A	N/A
3/31/2016	251,532	24,780	N/A	45,255	N/A
12/31/2015	249,807	22,212	N/A	N/A	N/A
9/30/2015	247,042	20,753	N/A	N/A	N/A
6/30/2015	244,481	20,626	N/A	N/A	N/A
3/31/2015	240,808	20,983	N/A	41,902	N/A
12/31/2014	238,518	23,060	N/A	N/A	N/A
9/30/2014	231,539	23,011	N/A	N/A	N/A
6/30/2014	222,797	21,667	N/A	N/A	N/A
3/31/2014	214,602	22,060	N/A	34,545	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ULTRACEMCO's forecast earnings growth (25.3% per year) is above the savings rate (6.7%).

Earnings vs Market: ULTRACEMCO's earnings (25.3% per year) are forecast to grow faster than the Indian market (18% per year).

High Growth Earnings: ULTRACEMCO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ULTRACEMCO's revenue (12.1% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: ULTRACEMCO's revenue (12.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ULTRACEMCO's Return on Equity is forecast to be low in 3 years time (14.2%).

UltraTech Cement Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Earnings Miss: UltraTech Cement Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) First-Quarter Report

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) Yearly Report

Results: UltraTech Cement Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Price target increased to ₹7,997

Recent updates

UltraTech Cement Limited Approves the Appointment of Vikas Balia as Independent Director

Earnings Miss: UltraTech Cement Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts

Second quarter 2025 earnings: EPS misses analyst expectations

Getting In Cheap On UltraTech Cement Limited (NSE:ULTRACEMCO) Is Unlikely

UltraTech Cement's (NSE:ULTRACEMCO) Returns On Capital Are Heading Higher

UltraTech Cement Limited to Report Q2, 2025 Results on Oct 21, 2024

Ultratech Cement Limited Appoints Anita Ramachandran and Anjani -Kumar Agrawal as an Independent Director

UltraTech Cement Limited (NSEI:ULTRACEMCO) agreed to acquire additional 4.30% stake in The India Cements Limited (NSEI:INDIACEM) from Sri Saradha Logistics Private Limited for INR 5.2 billion.

UltraTech Cement Limited (NSEI:ULTRACEMCO) agreed to acquire additional 6.44% stake in The India Cements Limited (NSEI:INDIACEM).

UltraTech Cement's (NSE:ULTRACEMCO) Dividend Will Be Increased To ₹70.00

UltraTech Cement Limited, Annual General Meeting, Aug 14, 2024

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) First-Quarter Report

UltraTech Cement Limited, Annual General Meeting, Aug 14, 2024

First quarter 2025 earnings released: EPS: ₹58.87 (vs ₹58.57 in 1Q 2024)

Dividend increased to ₹70.00

Orient Cement Shares Surges 5.5% Amid UltraTech's Plans of Acquisition

There's Been No Shortage Of Growth Recently For UltraTech Cement's (NSE:ULTRACEMCO) Returns On Capital

UltraTech Cement (NSE:ULTRACEMCO) Has A Pretty Healthy Balance Sheet

Analysts Have Made A Financial Statement On UltraTech Cement Limited's (NSE:ULTRACEMCO) Yearly Report

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

UltraTech Cement Limited Recommends Dividend for the Year Ended on March 31, 2024

With UltraTech Cement Limited (NSE:ULTRACEMCO) It Looks Like You'll Get What You Pay For

UltraTech Cement Limited to Report Fiscal Year 2024 Results on Apr 29, 2024

UltraTech Cement (NSE:ULTRACEMCO) Shareholders Will Want The ROCE Trajectory To Continue

Results: UltraTech Cement Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investors Still Waiting For A Pull Back In UltraTech Cement Limited (NSE:ULTRACEMCO)

Is UltraTech Cement (NSE:ULTRACEMCO) A Risky Investment?

UltraTech Cement Limited to Report Q3, 2024 Results on Jan 19, 2024

Returns Are Gaining Momentum At UltraTech Cement (NSE:ULTRACEMCO)

Second quarter 2024 earnings released: EPS: ₹44.46 (vs ₹26.21 in 2Q 2023)

Here's Why UltraTech Cement (NSE:ULTRACEMCO) Can Manage Its Debt Responsibly

UltraTech Cement Limited to Report Q2, 2024 Results on Oct 19, 2023

UltraTech Cement Limited (NSEI:ULTRACEMCO) entered into agreement to acquire 26% stake in Veh Radiant Energy Private Limited for approximately INR 150 million.

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ₹38.00 per share at 0.5% yield

UltraTech Cement Limited, Annual General Meeting, Aug 11, 2023

Is UltraTech Cement (NSE:ULTRACEMCO) Using Too Much Debt?

UltraTech Cement Limited to Report Q1, 2024 Results on Jul 21, 2023

The Return Trends At UltraTech Cement (NSE:ULTRACEMCO) Look Promising

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

UltraTech Cement (NSE:ULTRACEMCO) Might Have The Makings Of A Multi-Bagger

UltraTech Cement Limited to Report Q3, 2023 Results on Jan 21, 2023

UltraTech Cement (NSE:ULTRACEMCO) Seems To Use Debt Quite Sensibly

Insufficient new directors

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Returns At UltraTech Cement (NSE:ULTRACEMCO) Appear To Be Weighed Down

UltraTech Cement Limited to Report Q2, 2023 Results on Oct 19, 2022

Is Now The Time To Put UltraTech Cement (NSE:ULTRACEMCO) On Your Watchlist?

Is UltraTech Cement (NSE:ULTRACEMCO) A Risky Investment?

Upcoming dividend of ₹38.00 per share

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

UltraTech Cement (NSE:ULTRACEMCO) Is Increasing Its Dividend To ₹38.00

UltraTech Cement Limited Recommends Dividend for the Financial Year Ended 31 March 2022, Payable on or After 18 August 2022

UltraTech Cement Limited, Annual General Meeting, Aug 17, 2022

UltraTech Cement Limited to Report Q1, 2023 Results on Jul 22, 2022

Slowing Rates Of Return At UltraTech Cement (NSE:ULTRACEMCO) Leave Little Room For Excitement

Are UltraTech Cement Limited (NSE:ULTRACEMCO) Investors Paying Above The Intrinsic Value?

Here's Why We Think UltraTech Cement (NSE:ULTRACEMCO) Is Well Worth Watching

ArcelorMittal Joins the Race to Buy Holcim’s Stake in Ambuja Cement and ACC

UltraTech Cement Limited Recommends Final Dividend for the Year Ended on March 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Holcim Group Reportedly Weighs Offers for Cement Biz

Insufficient new directors

UltraTech Cement Limited to Report Fiscal Year 2022 Results on Apr 29, 2022

Does UltraTech Cement (NSE:ULTRACEMCO) Have A Healthy Balance Sheet?

UltraTech Cement (NSE:ULTRACEMCO) Is Looking To Continue Growing Its Returns On Capital

A Look At The Intrinsic Value Of UltraTech Cement Limited (NSE:ULTRACEMCO)

UltraTech Cement Limited (NSEI:ULTRACEMCO) agreed to acquire National Lime Stone Company Private Limited from N.G. Ghadiya Buildcon Private Limited for INR 230 million.