UltraTech Cem. Q1 FY27 Share Price & Earnings Call Analysis

Financials of UltraTech Cem.

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

Financials of UltraTech Cem.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +18,66217,73716,01216,74020,41918,81916,29417,77923,06321,27519,60721,83025,799
Expenses +15,34014,68813,46113,48516,30515,80114,26914,88518,45616,86916,51817,91920,201
Operating Profit3,3223,0492,5513,2554,1143,0172,0262,8934,6084,4063,0893,9115,599
OPM %18%17%16%19%20%16%12%16%20%21%16%18%22%
Other Income +1231771711467383226247931421744677
Interest191211234262261326393457475433459492487
Depreciation7627497987838159189809931,1251,1071,1481,1821,208
Profit before tax2,4922,2671,6902,3553,1111,8578791,6913,1013,0081,6562,2833,981
Tax %33%25%24%25%27%20%19%19%20%26%25%24%25%
Net Profit +1,6701,6901,2801,7752,2591,4937081,3632,4752,2211,2381,7293,000
EPS in Rs57.7158.4944.3961.5578.2251.7824.3447.0984.2375.5441.7958.55101.22

Financials of UltraTech Cem.

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +23,30625,15325,37530,97941,46242,43044,72652,59963,24070,90875,95588,512
Expenses +18,88120,25220,16224,83434,11533,18433,15841,08452,62057,93063,15871,507
Operating Profit4,4254,9015,2126,1457,3479,24611,56811,51410,62012,97912,79717,004
OPM %19%19%21%20%18%22%26%22%17%18%17%19%
Other Income +350464648242350651619669507557397439
Interest5875666401,2381,7781,9921,4869458239681,6511,872
Depreciation1,2031,3771,3481,8482,4512,7232,7002,7152,8883,1454,0154,644
Profit before tax2,9863,4213,8723,3013,4685,1838,0018,5247,4169,4227,52810,927
Tax %30%28%30%33%31%-11%32%14%32%26%20%25%
Net Profit +2,1022,4802,7142,2242,4005,7515,4627,3345,0737,0046,0408,188
EPS in Rs76.4790.3098.9080.9287.51199.40189.26254.42175.41242.65204.94277.10
Dividend Payout %12%11%10%13%13%7%20%15%22%29%38%87%

Financials of UltraTech Cem.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital274274275275275289289289289289295295
Reserves18,76721,67124,11726,10733,47638,75543,88650,14754,03659,93970,41276,329
Borrowings +9,82910,6168,47419,48025,33723,01921,71911,29911,05811,40324,10223,755
Other Liabilities +9,1838,6319,34311,28017,43817,15120,28222,07725,99829,16738,82340,997
Total Liabilities38,05341,19342,20957,14176,52579,21486,17683,81191,380100,797133,632141,376
Fixed Assets +23,34325,30925,90439,71556,64557,15155,41255,48859,57962,87894,56499,260
CWIP2,2501,4699211,5111,1539201,6874,7854,0406,8116,2348,276
Investments4,5005,0956,6915,4472,9215,92912,1786,3367,2978,2495,1566,740
Other Assets +7,9619,3198,69310,46815,80615,21516,90017,20320,46422,85927,67727,101
Total Assets38,05341,19342,20957,14176,52579,21486,17683,81191,380100,797133,632141,376

Financials of UltraTech Cem.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4,1904,5265,0053,8885,9568,97212,5009,2839,06910,89810,67315,316
Cash from Investing Activity +-2,144-3,673-2,5011,8661,165-4,192-8,8562,257-7,188-8,789-15,836-9,480
Cash from Financing Activity +-2,110-844-2,535-5,735-6,757-5,076-4,356-12,498-1,631-1,9265,076-5,954
Net Cash Flow-638-3118364-295-712-958250183-86-118
Free Cash Flow1,4812,3943,6372,0054,3087,28610,6623,7432,9632,0131,7235,805
CFO/OP98%110%110%77%91%107%119%94%96%97%94%98%

Financials of UltraTech Cem.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days262825262520212122222825
Inventory Days266203195226214234207256248255255206
Days Payable154142150165165188234269271260248217
Cash Conversion Cycle1388970877466-69-0173513
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%

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What UltraTech Cem.'s management said in earlier quarters

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