One of the top cement producers in India, UltraTech Cement has a significant presence all 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. In order to determine whether UltraTech Cement is a worthwhile stock to purchase, we will examine its share price projection for the years 2023 to 2030 while also examining its historical performance and current market conditions.
Ultratech cement’s recent results are:
The company revealed that its consolidated net profit was 1,665.95 crore, a 36% decrease year over year from 2620.43 crore. Consolidated operating revenue increased by 18.4% in Q4 FY23 to reach 18,662.4 crores, up from the cement giant’s reported figure of 15,767 crores for the same quarter in FY22. Total costs for the quarter ending in March increased by about 20% from the prior year to 16,292.95 crores from 13,604.20 crores. The company said in an exchange filing that its energy expenses increased 17% year over year and decreased 4% quarter over quarter. Prices for coal and pet coke increased by 18% year over year (YoY). The cost of raw materials increased by 9% YoY as a result of increases in the cost of fly ash, slag, and other raw materials. EBITDA, the company’s measure of operating profit, was 3,444 crore for the quarter, an increase of 9% over the corresponding period in the previous year. Operating EBITDA grew in the fourth quarter of FY23 from 900/Mt in the previous quarter to 1060/Mt.
Latest news about Ultratech Cement
➤The board has recommended a dividend of 38 per equity share worth 10 for the fiscal year that ends in March 2023.
➤A project to integrate Coolbrook’s RotoDynamic HeaterTM (RDH) technology into one of UltraTech Cement Ltd.’s cement production plants will be developed in collaboration with Coolbrook, a transformative technology and engineering business.
➤The largest cement producer in the nation, UltraTech Cement Ltd, announced that its wholly-owned subsidiary UltraTech Nathdwara Cement Ltd (UNCL) has opened a 0.8 MTPA brownfield cement facility at Neem Ka Thana, Rajasthan.
➤According to a report in the Financial Express newspaper, Indian industrial enterprises want to boost their capital expenditure (CAPEX) investments by 14% year over year in the current 2024 fiscal year. According to UltraTech Cement, its CAPEX expenditures would more than quadruple to US$1.55 billion over the course of the year (from 1 April 2023 to 31 March 2024).
➤According to a top corporate official, UltraTech Cement is eager to acquire Dalla Super (formerly known as JP Super) cement from Jaiprakash Associates once the arbitration procedure is finished. For the aforementioned asset, Jaiprakash Associates and Dalmia Cement Bharat have already agreed to a new contract.
➤On the company’s 22.6 mtpa next phase of growth, work has already begun. Most places still have civil work going on. Commercial production from this enhanced capacity is anticipated to gradually begin by FY25/FY26. The company’s capacity will rise to 160.45 mtpa after these developments are complete.
Below are the trading platforms that you can use to purchase Ultratech Cement shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2023 | ₹8,912.72 | ₹7,779.01 |
| August 2023 | ₹9,123.99 | ₹8,156.92 |
| September 2023 | ₹9,680.19 | ₹8,184.76 |
| October 2023 | ₹10,123.99 | ₹8,556.92 |
| November 2023 | ₹12,236.39 | ₹9,412.61 |
| December 2023 | ₹13,704.76 | ₹10,542.12 |
The table represents the predicted share prices of ULTRATECH CEMENT LTD for the year 2023. The prices are expected to vary each month, with the maximum price and the minimum price changing frequently. The maximum price in March 2023 is predicted to be ₹7,661.15, which is expected to increase to ₹13,704.76 in December 2023. On the other hand, the minimum price is expected to range from ₹5,893.19 to ₹10,542.12, with the lowest point in June 2023 and the highest point in December 2023.
Overall, the table suggests a bullish trend for ULTRATECH CEMENT LTD, with the share prices expected to rise significantly over the year. The growth percentage is expected to be substantial, especially towards the end of the year, with the share prices predicted to increase by more than 80% from the lowest point to the highest point. However, investors should keep in mind that these predictions are subject to various market factors, and the actual prices may differ from the predicted ones.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹14,426.06 | ₹11,096.97 |
| February 2024 | ₹16,209.05 | ₹13,507.55 |
| March 2024 | ₹17,062.16 | ₹13,871.68 |
| April 2024 | ₹15,511.06 | ₹11,931.58 |
| May 2024 | ₹12,925.88 | ₹9,942.99 |
| June 2024 | ₹15,511.06 | ₹11,931.58 |
| July 2024 | ₹13,184.40 | ₹10,220.46 |
| August 2024 | ₹14,502.84 | ₹11,510.19 |
| September 2024 | ₹15,227.98 | ₹11,713.83 |
| October 2024 | ₹17,915.27 | ₹13,780.98 |
| November 2024 | ₹18,811.03 | ₹14,470.03 |
| December 2024 | ₹19,187.25 | ₹14,759.43 |
Looking at the table, ULTRATECH CEMENT LTD’s share price targets for 2024 are projected to be higher than those of the previous year. The maximum price is expected to be ₹19,187.25, with a minimum price of ₹9,942.99. The predicted maximum and minimum prices indicate a significant return potential for investors, although they should keep in mind that the actual prices may vary based on market factors.
The trend for Ultratech cement ltd in 2024 appears to be largely bullish, with the share prices expected to rise over the year. However, there may be some bearish periods, such as in May 2024, where the share prices are predicted to dip.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹19,571.00 | ₹15,054.62 |
| February 2025 | ₹20,601.05 | ₹15,846.96 |
| March 2025 | ₹21,631.11 | ₹16,639.31 |
| April 2025 | ₹19,313.49 | ₹14,856.53 |
| May 2025 | ₹17,557.72 | ₹13,505.93 |
| June 2025 | ₹19,313.49 | ₹14,856.53 |
| July 2025 | ₹18,393.80 | ₹14,149.07 |
| August 2025 | ₹19,160.21 | ₹14,738.62 |
| September 2025 | ₹20,118.22 | ₹15,475.55 |
| October 2025 | ₹21,325.31 | ₹16,404.08 |
| November 2025 | ₹22,818.08 | ₹17,552.37 |
| December 2025 | ₹23,274.44 | ₹17,903.42 |
Looking at the table, ULTRATECH CEMENT LTD’s share price targets for 2025 indicate a continuation of the bullish trend seen in the previous year. The maximum price for the year is expected to be ₹23,274.44, with a minimum price of ₹13,505.93. The average target for the year is estimated to be around ₹19,951.95, representing a potential upside for investors.
Based on these projections, Ultratech Cement remains a recommended target for investors who are looking to invest in the cement industry. Overall, the outlook for Ultratech Cement Ltd in 2025 appears positive, with a bullish trend and potential upside for investors.
| Year | Maximum Price | Minimum Price |
| 2023 | ₹13,704.76 | ₹5,402.09 |
| 2024 | ₹19,187.25 | ₹11,096.97 |
| 2025 | ₹23,274.44 | ₹14,856.53 |
| 2026 | ₹16,292.11 | ₹11,404.48 |
| 2027 | ₹13,848.29 | ₹9,693.80 |
| 2028 | ₹24,926.93 | ₹17,448.85 |
| 2029 | ₹51,203.77 | ₹35,842.64 |
| 2030 | ₹57,022.38 | ₹39,915.67 |
Based on the data provided, Ultratech Cement Ltd share price target for 2026 to 2030 shows a mix of bullish and bearish trends. In 2026, the maximum and minimum prices are expected to be ₹16,292.11 and ₹11,404.48, respectively. In 2027, the prices are expected to drop further with a maximum price of ₹13,848.29 and a minimum price of ₹9,693.80. However, in 2028, the prices are expected to rebound with a maximum and minimum price of ₹24,926.93 and ₹17,448.85, respectively, indicating a strong uptrend. This bullish trend is expected to continue in 2029, with a maximum price target of ₹51,203.77 and a minimum price target of ₹35,842.64, indicating a high potential return for investors. In 2030, the prices are expected to remain relatively stable, with a maximum price of ₹57,022.38 and a minimum price of ₹39,915.67. However, it is important to note that share price targets are subject to change due to various market factors, and investors should always consult with a financial advisor before making any investment decisions.
Financial Condition of Ultratech Cement: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 30,978.62 | 41,462.26 | 42,429.89 | 44,725.80 | 52,598.83 |
| Expenses | 24,833.59 | 34,115.32 | 33,183.92 | 33,157.89 | 41,084.48 |
| Operating Profit | 6,145.03 | 7,346.94 | 9,245.97 | 11,567.91 | 11,514.35 |
| Other Income | 241.97 | 350.1 | 651.06 | 618.52 | 669.43 |
| Depreciation | 1,847.93 | 2,450.73 | 2,722.66 | 2,700.23 | 2,714.75 |
| Interest | 1,237.60 | 1,777.86 | 1,991.65 | 1,485.65 | 944.71 |
| Profit before tax | 3,301.47 | 3,468.45 | 5,182.72 | 8,000.55 | 8,524.32 |
| Tax | 1,077.01 | 1,068.07 | -568.16 | 2,538.70 | 1,190.06 |
| Net profit | 2,222.17 | 2,403.51 | 5,755.26 | 5,463.10 | 7,344.31 |
| EPS | 80.92 | 87.53 | 199.42 | 189.23 | 254.39 |
| Price to earning | 48.81 | 45.68 | 16.27 | 35.61 | 25.95 |
| Price | 3,950.00 | 3,998.35 | 3,244.85 | 6,737.95 | 6,602.30 |
| RATIOS: | |||||
| Dividend Payout | 12.98% | 13.14% | 6.52% | 19.55% | 14.94% |
| OPM | 19.84% | 17.72% | 21.79% | 25.86% | 21.89% |
Ultratech Cement has shown significant growth in the last five years, as reflected in their profit and loss statement. Their revenue has steadily increased from ₹30,978.62 crores in March 2018 to ₹52,598.83 crores in March 2022, indicating a remarkable percentage growth of approximately 70%. Moreover, the company’s net profit has also experienced an upward trend, with a maximum of ₹5,755.26 crores in March 2020 and a minimum of ₹2,222.17 crores in March 2018. The profit growth is particularly noteworthy, with a surge of approximately 160% from 2018 to 2022. The company’s OPM has fluctuated from 17.72% in March 2019 to 25.86% in March 2021, indicating good operational efficiency. Overall, Ultratech Cement has showcased consistent growth in their financial statements in the last five years, which reflects positively on their business strategy and performance.
Sharekhan recommends purchasing UltraTech Cement with a target price of Rs 9400. (July 3rd, 2023)
Motilal Oswal has given a buy call on Ultratech Cement Ltd. According to him, you can continue buying Ultratech Cement share with a target price of Rs8600.
Geojit has suggested to buy Ultratech Cement Ltd with a predicted price of Rs 8760.
ICICI Direct has a buy call with a target price of Rs. 7489 on UltraTech Cement.
In its research report, KR Choksey advised a buy recommendation on UltraTech Cement shares with a target price of Rs 9105.
FAQS
Ultratech Cement’s current price (as of July 4, 2023) is Rs.8411
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 average target price for Ultratech Cement’s shares in 2023-2030 can vary depending on the source of the information and the methodology used to calculate it.
The maximum share price target for Ultratech Cement in 2025 is ₹23,274.44.
The minimum share price target for Ultratech Cement in 2025 is ₹14,856.53
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.
ALSO READ:
- WIPRO LTD SHARE PRICE TARGET 2023-2030
- RELIANCE SHARE PRICE TARGET 2023-2030
- AXIS BANK SHARE PRICE TARGET 2023-2030
Conclusion
In conclusion, Ultratech Cement has had excellent growth over the past five years, with a 69.83% increase in revenue and a 230.08% increase in profit. The business has also regularly kept its PAT margin at a solid 13%. In light of the anticipated rise in sales and earnings, Ultratech Cement seems like a wise long-term investment choice. It remains to be seen if the share price can reach 50,000 INR by 2025. Yet, the stock appears to be selling at a fair value, with a current market price of about 7,717 INR and a price-to-earnings ratio of 44.02. In light of the company’s solid financial record and anticipated future growth, Ultratech Cement shares may be a sensible choice for investors seeking to make long-term investments.
What did we learn?
- 1 Latest news about Ultratech Cement
- 2 How to purchase Ultratech Cement shares?
- 3 Ultratech Cement Share Price Prediction: 2023 to 2030.
- 4 Financial Condition of Ultratech Cement: Last 5 years
- 5 Ultratech Cement share price target by Experts
- 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 average target price for Ultratech Cement’s shares in 2023-2030?
- 6.7 What is the maximum share price target for Ultratech Cement in 2025?
- 6.8 What is the minimum share price target for Ultratech Cement in 2025?
- 6.9 What is the recommendation for buying Ultratech Cement shares?
- 6.10 Is Ultratech Cement a good investment option?
- 7 Conclusion
Twitter
Linkedin
