UltraTech Cement Ltd Share Price ₹11,117

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of UltraTech Cement Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	18,662	17,737	16,012	16,740	20,419	18,819	16,294	17,779	23,063	21,275	19,607	21,830	25,799
Expenses +	15,340	14,688	13,461	13,485	16,305	15,801	14,269	14,885	18,456	16,869	16,518	17,919	20,201
Operating Profit	3,322	3,049	2,551	3,255	4,114	3,017	2,026	2,893	4,608	4,406	3,089	3,911	5,599
OPM %	18%	17%	16%	19%	20%	16%	12%	16%	20%	21%	16%	18%	22%
Other Income +	123	177	171	146	73	83	226	247	93	142	174	46	77
Interest	191	211	234	262	261	326	393	457	475	433	459	492	487
Depreciation	762	749	798	783	815	918	980	993	1,125	1,107	1,148	1,182	1,208
Profit before tax	2,492	2,267	1,690	2,355	3,111	1,857	879	1,691	3,101	3,008	1,656	2,283	3,981
Tax %	33%	25%	24%	25%	27%	20%	19%	19%	20%	26%	25%	24%	25%
Net Profit +	1,670	1,690	1,280	1,775	2,259	1,493	708	1,363	2,475	2,221	1,238	1,729	3,000
EPS in Rs	57.71	58.49	44.39	61.55	78.22	51.78	24.34	47.09	84.23	75.54	41.79	58.55	101.22

Financials of UltraTech Cement Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	23,306	25,153	25,375	30,979	41,462	42,430	44,726	52,599	63,240	70,908	75,955	88,512
Expenses +	18,881	20,252	20,162	24,834	34,115	33,184	33,158	41,084	52,620	57,930	63,158	71,507
Operating Profit	4,425	4,901	5,212	6,145	7,347	9,246	11,568	11,514	10,620	12,979	12,797	17,004
OPM %	19%	19%	21%	20%	18%	22%	26%	22%	17%	18%	17%	19%
Other Income +	350	464	648	242	350	651	619	669	507	557	397	439
Interest	587	566	640	1,238	1,778	1,992	1,486	945	823	968	1,651	1,872
Depreciation	1,203	1,377	1,348	1,848	2,451	2,723	2,700	2,715	2,888	3,145	4,015	4,644
Profit before tax	2,986	3,421	3,872	3,301	3,468	5,183	8,001	8,524	7,416	9,422	7,528	10,927
Tax %	30%	28%	30%	33%	31%	-11%	32%	14%	32%	26%	20%	25%
Net Profit +	2,102	2,480	2,714	2,224	2,400	5,751	5,462	7,334	5,073	7,004	6,040	8,188
EPS in Rs	76.47	90.30	98.90	80.92	87.51	199.40	189.26	254.42	175.41	242.65	204.94	277.10
Dividend Payout %	12%	11%	10%	13%	13%	7%	20%	15%	22%	29%	38%	87%

Financials of UltraTech Cement Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	274	274	275	275	275	289	289	289	289	289	295	295
Reserves	18,767	21,671	24,117	26,107	33,476	38,755	43,886	50,147	54,036	59,939	70,412	76,329
Borrowings +	9,829	10,616	8,474	19,480	25,337	23,019	21,719	11,299	11,058	11,403	24,102	23,755
Other Liabilities +	9,183	8,631	9,343	11,280	17,438	17,151	20,282	22,077	25,998	29,167	38,823	40,997
Total Liabilities	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	100,797	133,632	141,376
Fixed Assets +	23,343	25,309	25,904	39,715	56,645	57,151	55,412	55,488	59,579	62,878	94,564	99,260
CWIP	2,250	1,469	921	1,511	1,153	920	1,687	4,785	4,040	6,811	6,234	8,276
Investments	4,500	5,095	6,691	5,447	2,921	5,929	12,178	6,336	7,297	8,249	5,156	6,740
Other Assets +	7,961	9,319	8,693	10,468	15,806	15,215	16,900	17,203	20,464	22,859	27,677	27,101
Total Assets	38,053	41,193	42,209	57,141	76,525	79,214	86,176	83,811	91,380	100,797	133,632	141,376

Financials of UltraTech Cement Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	4,190	4,526	5,005	3,888	5,956	8,972	12,500	9,283	9,069	10,898	10,673	15,316
Cash from Investing Activity +	-2,144	-3,673	-2,501	1,866	1,165	-4,192	-8,856	2,257	-7,188	-8,789	-15,836	-9,480
Cash from Financing Activity +	-2,110	-844	-2,535	-5,735	-6,757	-5,076	-4,356	-12,498	-1,631	-1,926	5,076	-5,954
Net Cash Flow	-63	8	-31	18	364	-295	-712	-958	250	183	-86	-118
Free Cash Flow	1,481	2,394	3,637	2,005	4,308	7,286	10,662	3,743	2,963	2,013	1,723	5,805
CFO/OP	98%	110%	110%	77%	91%	107%	119%	94%	96%	97%	94%	98%

Financials of UltraTech Cement Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	26	28	25	26	25	20	21	21	22	22	28	25
Inventory Days	266	203	195	226	214	234	207	256	248	255	255	206
Days Payable	154	142	150	165	165	188	234	269	271	260	248	217
Cash Conversion Cycle	138	89	70	87	74	66	-6	9	-0	17	35	13
Working Capital Days	-82	-83	-38	-50	-48	-60	-83	-56	-56	-52	-64	-41
ROCE %	12%	13%	14%	12%	10%	12%	15%	14%	13%	15%	11%	13%