Construction Materials · NSE/BSE: ULTRACEMCO
UltraTech Cement
Cement & Cement Products
Market Cap ₹3.36L Cr
Verdict: High
Quality Scores
Multi-Bagger
78/100
Compounder Quality
88/100
Management Credibility
88/100
Governance
92/100
Cash Flow Quality
95/100
AI Summary
UltraTech Cement is India's largest cement manufacturer and the 3rd largest globally (excluding China), commanding a dominant 28% market share. Over the last decade, the company has successfully integrated major acquisitions, such as Jaypee Group's cement assets and Binani Cement, to cement its leadership position. It demonstrates a robust capacity expansion cycle, growing from approximately 60 MTPA to over 140 MTPA within the decade. The company operates part of the prestigious Aditya Birla Group, benefiting from strong parental lineage and professional management. Financially, it maintains…
Top Opportunities
- Market leader with 28% grey cement share
- 3rd largest cement company globally (ex-China)
- Consistent track record of successful M&A integration
Top Risks
- High sensitivity to petcoke and coal prices
- Intensifying competition from Adani/Ambuja conglomerate
- High Capex intensity leading to periodic negative FCF
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