UltraTech Cement is forecast to grow earnings and revenue by 19.2% and 10.5% per annum respectively. EPS is expected to grow by 19.5% per annum. Return on equity is forecast to be 14.2% in 3 years.
Key information
19.2%
Earnings growth rate
19.54%
EPS growth rate
Basic Materials earnings growth
0%
Revenue growth rate
10.5%
Future return on equity
14.20%
Analyst coverage
Good
Last updated
16 Jun 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
BDL:ULC14 - Analysts future estimates and past financials data (INR Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
3/31/2029
1,211,583
144,099
96,033
199,799
12
3/31/2028
1,106,813
125,004
82,913
185,745
37
3/31/2027
994,219
98,001
58,899
161,676
38
3/31/2026
885,115
81,656
56,381
153,159
N/A
12/31/2025
857,754
76,649
N/A
N/A
N/A
9/30/2025
817,245
72,990
40,200
135,053
N/A
6/30/2025
784,120
67,702
N/A
N/A
N/A
3/31/2025
759,551
60,391
15,441
106,734
N/A
12/31/2024
713,166
62,443
N/A
N/A
N/A
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
N/A
75,550
N/A
6/30/2019
386,567
30,105
N/A
N/A
N/A
3/31/2019
416,088
24,035
N/A
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
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ULC14's forecast earnings growth (19.2% per year) is above the savings rate (3.5%).
Earnings vs Market: ULC14's earnings (19.2% per year) are forecast to grow faster than the Luxembourg market (12.3% per year).
High Growth Earnings: ULC14's earnings are forecast to grow, but not significantly.
Revenue vs Market: ULC14's revenue (10.5% per year) is forecast to grow faster than the Luxembourg market (5.4% per year).
High Growth Revenue: ULC14's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ULC14's Return on Equity is forecast to be low in 3 years time (14.2%).
Discover growth companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/17 22:54
End of Day Share Price
2026/06/17 00:00
Earnings
2026/03/31
Annual Earnings
2026/03/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
UltraTech Cement Limited is covered by 70 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.