UltraTech Cement Limited

BDL:ULC14 Stock Report

Market Cap: US$35.5b

UltraTech Cement Management

Management criteria checks 1/4

UltraTech Cement's CEO is Kailash Jhanwar, appointed in Apr 2026, has a tenure of less than a year. total yearly compensation is ₹230.31M, comprised of 76% salary and 24% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $3.98M. The average tenure of the management team and the board of directors is 0.6 years and 2 years respectively.

Key information

Kailash Jhanwar

Chief executive officer

₹230.3m

Total compensation

CEO salary percentage76.02%
CEO tenureless than a year
CEO ownership0.01%
Management average tenureless than a year
Board average tenure2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kailash Jhanwar's remuneration changed compared to UltraTech Cement's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹82b

Dec 31 2025n/an/a

₹77b

Sep 30 2025n/an/a

₹73b

Jun 30 2025n/an/a

₹68b

Mar 31 2025₹230m₹175m

₹60b

Dec 31 2024n/an/a

₹62b

Sep 30 2024n/an/a

₹66b

Jun 30 2024n/an/a

₹70b

Mar 31 2024₹187m₹134m

₹70b

Dec 31 2023n/an/a

₹64b

Sep 30 2023n/an/a

₹57b

Jun 30 2023n/an/a

₹52b

Mar 31 2023₹173m₹121m

₹51b

Dec 31 2022n/an/a

₹59b

Sep 30 2022n/an/a

₹65b

Jun 30 2022n/an/a

₹71b

Mar 31 2022₹122m₹69m

₹72b

Dec 31 2021n/an/a

₹65b

Sep 30 2021n/an/a

₹64b

Jun 30 2021n/an/a

₹62b

Mar 31 2021₹86m₹69m

₹53b

Dec 31 2020n/an/a

₹66b

Sep 30 2020n/an/a

₹57b

Jun 30 2020n/an/a

₹53b

Mar 31 2020₹64m₹46m

₹58b

Compensation vs Market: Kailash's total compensation ($USD2.44M) is below average for companies of similar size in the Luxembourg market ($USD4.57M).

Compensation vs Earnings: Kailash's compensation has increased by more than 20% in the past year.


CEO

Kailash Jhanwar (69 yo)

less than a year
Tenure
₹230,306,380
Compensation

Mr. Kailash Chandra Jhanwar, B.Com, FCA, C.S (Inter), is Non-Executive Non-Independent Director of The India Cements Limited from December 25, 2024. He has been Managing Director of UltraTech Cement Limite...


Leadership Team

NamePositionTenureCompensationOwnership
Kailash Jhanwar
MD & Whole-time Directorless than a year₹230.31m0.011%
$ 4.0m
Atul Daga
Business Head & Chief Financial Officer11.5yrs₹31.66mno data
Vivek Agrawal
Whole-time Director & Chief Marketing Officerno data₹117.07m0.0040%
$ 1.4m
Jayant Dua
MD & Directorless than a yearno datano data
Pramod Rajgaria
President of International Operationsno datano datano data
Mukesh Agarwal
Executive President of Corporate Finance Divisionno data₹3.15mno data
Anand Ramasubramani
Chief Digital & Information Officer1.4yrsno datano data
P. Kumar
Executive President & Chief Legal Officerless than a yearno datano data
Dhiraj Kapoor
Company Secretary & Compliance Officerless than a yearno datano data
Pragnya Ram
Group Executive President of Corporate Communication & CSRno datano datano data
Chandrashekhar Chavan
Chief Human Resources Officer2.2yrsno datano data
Sanjeeb Chatterjee
Executive Officerless than a year₹16.90mno data
0.6yrs
Average Tenure
61yo
Average Age

Experienced Management: ULC14's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kailash Jhanwar
MD & Whole-time Director7.7yrs₹230.31m0.011%
$ 4.0m
Vivek Agrawal
Whole-time Director & Chief Marketing Officer2yrs₹117.07m0.0040%
$ 1.4m
Jayant Dua
MD & Directorless than a yearno datano data
Kumar Birla
Non-Executive Chairman22.1yrs₹590.00k0.11%
$ 38.4m
Rajashree Birla
Non-Executive Director22.1yrs₹69.62m0.014%
$ 5.0m
Krishna Maheshwari
Non-Executive Non-Independent Vice Chairman10.2yrs₹4.43m0.00062%
$ 219.9k
Anita Ramachandran
Independent Director1.9yrs₹9.92mno data
Venkatadri Chandrasekaran
Independent Directorless than a yearno data0.000010%
$ 3.5k
Vikas Balia
Independent Director1.7yrs₹6.24mno data
Anjani Agrawal
Independent Director1.9yrs₹10.97mno data
2.0yrs
Average Tenure
68.5yo
Average Age

Experienced Board: ULC14's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 19:21
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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Industry and Sector Metrics

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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.

AnalystInstitution
Amit Srivastava360 ONE Capital Market Private Limited
Satyadeep JainAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited