One of the top cement producers in India, UltraTech Cement has a significant presence throughout the nation. Over the years, the business has continuously produced strong financial results, with notable increases in revenue, net profit, and earnings per share. Thus, there is currently a lot of interest among investors wishing to purchase shares of UltraTech Cement. To determine whether UltraTech Cement is a worthwhile stock to purchase, we will examine its share price projection for the years 2024 to 2030 while also examining its historical performance and current market conditions.
Ultratech Cement Q3 FY24 Highlights
- Ultratech Cement Q3 FY24 Results
- Revenue: ₹16,739.97 Cr, up by 7.85% YoY.
- Profit: ₹1,776.98 Cr, a substantial increase of 67.92% YoY.
- Operating income: Surged by 40.96% QoQ and 53.23% YoY.
- EPS: ₹61.61, reflecting a significant YoY increase of 67.97%.
- Expenses:
- Selling, general & administrative expenses increased modestly by 1.52% QoQ and 5.18% YoY.
- Market Performance:
- Stock showed stability with a -0.28% return in the last week.
- Strong performance with a 20.28% return in the last six months.
- YTD return: -5.82%.
- Overall Impression:
- Q3 results highlight positive financial growth, supported by increased revenue, profit, and analyst confidence in Ultratech Cement.
Below are the trading platforms that you can use to purchase Ultratech Cement shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2024 | 9,926.40 | 8,631.65 |
| March 2024 | 10,128.98 | 8,807.81 |
| April 2024 | 9,833.96 | 8,551.27 |
| May 2024 | 9,688.63 | 8,424.90 |
| June 2024 | 10,037.42 | 8,728.19 |
| July 2024 | 9,937.05 | 8,640.91 |
| August 2024 | 10,334.53 | 8,986.55 |
| September 2024 | 10,747.91 | 9,346.01 |
| October 2024 | 10,537.17 | 9,162.75 |
| November 2024 | 10,853.28 | 9,437.64 |
| December 2024 | 11,124.61 | 9,673.58 |
In February 2024, Ultratech’s stock is anticipated to reach a maximum price of 9,926.40 and a minimum of 8,631.65. Looking ahead to March, the company’s shares are forecasted to experience a maximum of 10,128.98 and a minimum of 8,807.81. As the year progresses, Ultratech’s stock is expected to fluctuate between maximum and minimum prices, with analysts projecting a gradual increase in both values by the end of December 2024, reaching a maximum of 11,124.61 and a minimum of 9,673.58.
| When | Maximum Price | Minimum Price |
| January 2025 | 12,355.82 | 9,504.48 |
| February 2025 | 12,672.63 | 9,748.18 |
| March 2025 | 13,166.87 | 10,128.36 |
| April 2025 | 12,908.69 | 9,929.76 |
| May 2025 | 12,532.71 | 9,640.55 |
| June 2025 | 13,096.68 | 10,074.37 |
| July 2025 | 12,839.89 | 9,876.84 |
| August 2025 | 13,237.00 | 10,182.30 |
| September 2025 | 13,700.29 | 10,538.69 |
| October 2025 | 14,056.50 | 10,812.69 |
| November 2025 | 14,407.91 | 11,083.01 |
| December 2025 | 14,768.11 | 11,360.08 |
In 2025, Ultratech Cement’s share price is projected to witness a steady increase, reaching a maximum of ₹14,768.11 in December and a minimum of ₹9,504.48 in January. The anticipated upward trajectory suggests positive market sentiments, potentially influenced by factors such as industry performance and economic indicators.
| When | Maximum Price | Minimum Price |
| January 2026 | 15,211.15 | 11,700.89 |
| February 2026 | 15,601.18 | 12,000.91 |
| March 2026 | 16,209.63 | 12,468.94 |
| April 2026 | 15,891.79 | 12,224.46 |
| May 2026 | 15,428.92 | 11,868.40 |
| June 2026 | 16,123.23 | 12,402.48 |
| July 2026 | 15,807.08 | 12,159.30 |
| August 2026 | 16,295.96 | 12,535.36 |
| September 2026 | 16,866.32 | 12,974.09 |
| October 2026 | 17,304.85 | 13,311.42 |
| November 2026 | 17,737.47 | 13,644.21 |
| December 2026 | 18,180.90 | 13,985.31 |
In 2026, Ultratech Cement’s share price is expected to see continued growth, with the maximum reaching ₹18,180.90 in December and the minimum at ₹11,700.89 in January. This upward trend reflects positive market outlook, potentially influenced by industry dynamics and economic factors shaping the company’s performance.
| When | Maximum Price | Minimum Price |
| January 2027 | 18,544.52 | 14,265.02 |
| February 2027 | 19,020.02 | 14,630.79 |
| March 2027 | 19,761.80 | 15,201.39 |
| April 2027 | 19,374.32 | 14,903.32 |
| May 2027 | 18,810.02 | 14,469.24 |
| June 2027 | 19,656.47 | 15,120.36 |
| July 2027 | 19,271.05 | 14,823.88 |
| August 2027 | 19,867.06 | 15,282.35 |
| September 2027 | 20,562.40 | 15,817.23 |
| October 2027 | 21,097.03 | 16,228.48 |
| November 2027 | 21,624.45 | 16,634.19 |
| December 2027 | 22,165.06 | 17,050.05 |
| When | Maximum Price | Minimum Price |
| January 2028 | 22,608.37 | 17,391.05 |
| February 2028 | 23,188.07 | 17,836.97 |
| March 2028 | 24,092.40 | 18,532.62 |
| April 2028 | 23,620.00 | 18,169.23 |
| May 2028 | 22,932.04 | 17,640.03 |
| June 2028 | 23,963.98 | 18,433.83 |
| July 2028 | 23,494.10 | 18,072.38 |
| August 2028 | 24,220.72 | 18,631.32 |
| September 2028 | 25,068.45 | 19,283.42 |
| October 2028 | 25,720.23 | 19,784.79 |
| November 2028 | 26,363.23 | 20,279.41 |
| December 2028 | 27,022.31 | 20,786.39 |
| When | Maximum Price | Minimum Price |
| January 2029 | 27,562.76 | 21,202.12 |
| February 2029 | 28,269.50 | 21,745.77 |
| March 2029 | 29,372.01 | 22,593.85 |
| April 2029 | 28,796.09 | 22,150.84 |
| May 2029 | 27,957.36 | 21,505.67 |
| June 2029 | 29,215.45 | 22,473.42 |
| July 2029 | 28,642.59 | 22,032.76 |
| August 2029 | 29,528.45 | 22,714.19 |
| September 2029 | 30,561.94 | 23,509.19 |
| October 2029 | 31,356.55 | 24,120.43 |
| November 2029 | 32,140.47 | 24,723.44 |
| December 2029 | 32,943.98 | 25,341.52 |
| When | Maximum Price | Minimum Price |
| January 2030 | 33,602.86 | 25,848.35 |
| February 2030 | 34,464.47 | 26,511.13 |
| March 2030 | 35,808.59 | 27,545.07 |
| April 2030 | 35,106.46 | 27,004.97 |
| May 2030 | 34,083.94 | 26,218.41 |
| June 2030 | 35,617.72 | 27,398.24 |
| July 2030 | 34,919.33 | 26,861.02 |
| August 2030 | 35,999.31 | 27,691.78 |
| September 2030 | 37,259.28 | 28,660.99 |
| October 2030 | 38,228.02 | 29,406.17 |
| November 2030 | 39,183.73 | 30,141.33 |
| December 2030 | 40,163.32 | 30,894.86 |
Financial Condition of Ultratech Cement: Last 5 years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 41,462 | 42,430 | 44,726 | 52,599 | 63,240 |
| Expenses (Rs. Crores) | 34,115 | 33,184 | 33,158 | 41,084 | 52,620 |
| Operating Profit (Rs. Crores) | 7,347 | 9,246 | 11,568 | 11,514 | 10,620 |
| OPM (%) | 18% | 22% | 26% | 22% | 17% |
| Other Income (Rs. Crores) | 350 | 651 | 619 | 669 | 507 |
| Interest (Rs. Crores) | 1,778 | 1,992 | 1,486 | 945 | 823 |
| Depreciation (Rs. Crores) | 2,451 | 2,723 | 2,700 | 2,715 | 2,888 |
| Profit before Tax (Rs. Crores) | 3,468 | 5,183 | 8,001 | 8,524 | 7,416 |
| Tax % | 31% | -11% | 32% | 14% | 32% |
| Net Profit (Rs. Crores) | 2,400 | 5,751 | 5,462 | 7,334 | 5,073 |
| EPS (Rs.) | 87.51 | 199.40 | 189.26 | 254.42 | 175.41 |
| Dividend Payout (%) | 13% | 7% | 20% | 15% | 22% |
Ultratech Cement’s financial condition over the last five years reflects a mixed performance. During this period, the company has seen consistent growth in its sales, reaching Rs. 63,240 crores in 2023, driven by rising expenses primarily attributed to expansion and operational costs. Operating profit witnessed a significant surge in 2021, indicating strong profitability.
However, the operating profit margin (OPM) experienced fluctuations, with a notable dip in 2023, pointing to potential challenges in cost management. Despite variations in profit figures, Ultratech Cement maintained positive net profits, with 2022 being the most profitable year at Rs. 7,334 crores. The company’s earnings per share (EPS) also displayed growth, although it dipped slightly in 2023.
Notably, Ultratech Cement increased its dividend payout in recent years, signaling confidence in its financial stability and growth prospects.
Sharekhan has issued a buy recommendation on UltraTech Cement, expressing a bullish outlook and setting a target price of Rs 10,500 in its research report dated December 01, 2023.
FAQS
Ultratech Cement’s current price (as of February 20, 2024) is Rs.9,902.
Ultratech Cement’s share price has shown a generally upward trend over the past few years, with some fluctuations.
Factors that can influence Ultratech Cement’s share price include market trends, company performance, economic conditions, government policies, and global events.
What is Ultratech Cement’s sales and profit growth rate?
Ultratech Cement has shown steady growth in both sales and profits over the past few years. The growth rate may vary from year to year, depending on various factors.
It is difficult to predict with certainty whether Ultratech Cement’s share price will reach 50,000 INR by 2025. Such a target depends on various factors, including the company’s performance and overall market conditions.
The maximum share price target for Ultratech Cement in 2025 is ₹14,768.11.
The minimum share price target for Ultratech Cement in 2025 is ₹9,504.48
Any recommendation for buying Ultratech Cement shares should be based on individual financial goals, risk appetite, and market conditions. It is advisable to consult a financial advisor before making any investment decision.
Is Ultratech Cement a good investment option?
Whether Ultratech Cement is a good investment option depends on individual financial goals, risk appetite, and market conditions. It is advisable to conduct thorough research and consult a financial advisor before making any investment decision.
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Conclusion
Ultratech Cement has demonstrated strong Q3 FY24 financial performance with notable YoY increases in revenue, profit, and EPS. Despite modest expense upticks, the company’s operational strength is evident. Historical stability, positive recent returns, and its prominent market position make it an appealing option. However, careful consideration of historical performance, market conditions, and individual goals is advised before investing. Overall, Ultratech Cement’s strong Q3 FY24 results position it favorably in the market.
What did we learn?
- 1 Ultratech Cement Q3 FY24 Highlights
- 2 How to purchase Ultratech Cement shares?
- 3 Ultratech Cement Share Price Prediction: 2024 to 2030
- 3.1 Ultratech Cement Share Price Prediction 2024
- 3.2 Ultratech Cement Share Price Prediction 2025
- 3.3 Ultratech Cement Share Price Prediction 2026
- 3.4 Ultratech Cement Share Price Prediction 2027
- 3.5 Ultratech Cement Share Price Prediction 2028
- 3.6 Ultratech Cement Share Price Prediction 2029
- 3.7 Ultratech Cement Share Price Prediction 2030
- 4 Financial Condition of Ultratech Cement: Last 5 years
- 5 Sharekhan on Ultratech Cement Ltd share price target
- 6 FAQS
- 6.1 What is Ultratech Cement’s current share price?
- 6.2 What has been Ultratech Cement’s historical share price trend?
- 6.3 What are the factors that influence Ultratech Cement’s share price?
- 6.4 What is Ultratech Cement’s sales and profit growth rate?
- 6.5 Can Ultratech Cement’s share price reach 50,000 INR by 2025?
- 6.6 What is the maximum share price Prediction for Ultratech Cement in 2025?
- 6.7 What is the minimum share price Prediction for Ultratech Cement in 2025?
- 6.8 What is the recommendation for buying Ultratech Cement shares?
- 6.9 Is Ultratech Cement a good investment option?
- 7 Conclusion
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