UltraTech Cement Future Growth

Future criteria checks 4/6

UltraTech Cement is forecast to grow earnings and revenue by 24.4% and 11.3% per annum respectively. EPS is expected to grow by 23.1% per annum. Return on equity is forecast to be 14.9% in 3 years.

Key information

24.4%

Earnings growth rate

23.1%

EPS growth rate

Basic Materials earnings growth	12.9%
Revenue growth rate	11.3%
Future return on equity	14.9%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

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

Jan 23

UltraTech Cement Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Jan 25

Recent updates

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

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

What You Need To Know About UltraTech Cement Limited's (NSE:ULTRACEMCO) Investor Composition

Mar 17

Have UltraTech Cement Limited (NSE:ULTRACEMCO) Insiders Been Selling Their Stock?

Feb 28

UltraTech Cement Limited's (NSE:ULTRACEMCO) Stock Is Going Strong: Is the Market Following Fundamentals?

Feb 24

Have Insiders Been Buying UltraTech Cement Limited (NSE:ULTRACEMCO) Shares?

Feb 09

UltraTech Cement Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Jan 25

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

Jan 12

How Does UltraTech Cement Limited (NSE:ULTRACEMCO) Stand Up To These Simple Dividend Safety Checks?

Dec 29

UltraTech Cement (NSE:ULTRACEMCO) Is Growing Earnings But Are They A Good Guide?

Dec 14

Is UltraTech Cement Limited (NSE:ULTRACEMCO) Popular Amongst Institutions?

Nov 30

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
3/31/2026	885,360	111,238	73,774	N/A	27
3/31/2025	786,484	91,430	39,314	N/A	30
3/31/2024	703,925	71,347	23,904	N/A	31
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	17,912	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 (24.4% per year) is above the savings rate (6.7%).

Earnings vs Market: ULTRACEMCO's earnings (24.4% per year) are forecast to grow faster than the Indian market (17.9% per year).

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

Revenue vs Market: ULTRACEMCO's revenue (11.3% per year) is forecast to grow faster than the Indian market (10.6% per year).

High Growth Revenue: ULTRACEMCO's revenue (11.3% 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 (14.9%).

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UltraTech Cement Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

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

Price target increased to ₹7,997

Analysts increase EPS estimates to ₹183

Price target raised to ₹6,036

UltraTech Cement Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Recent updates

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.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

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

Insufficient new directors

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

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

Second quarter 2022 earnings released: EPS ₹45.54 (vs ₹31.14 in 2Q 2021)

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

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

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

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

Insider recently sold ₹1.5m worth of stock

Upcoming dividend of ₹37.00 per share

Price target increased to ₹7,997

First quarter 2022 earnings released: EPS ₹59.02 (vs ₹27.65 in 1Q 2021)

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

Insider recently sold ₹3.4m worth of stock

Insider recently sold ₹3.3m worth of stock

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

Insider recently sold ₹2.0m worth of stock

Insider recently sold ₹1.7m worth of stock