UltraTech Cement Ltd

UltraTech Cement has allotted 1,761 equity shares under ESOS on 17 April 2025. On allotment, the equity share capital of the Company stands increased to 29,46,79,171 equity shares of Rs. 10/- each aggregating to Rs. 2,94,67,91,710/-.Powered by Capital Market - Live

The move, involving an investment of up to Rs 25.50 crore, is part of UltraTech's strategy to meet its green energy requirements, the company added. The firm stated that it has entered into an energy supply agreement, share subscription, and shareholder agreements to facilitate the acquisition. This initiative is also expected to help UltraTech optimize energy costs and meet regulatory norms related to captive power consumption under electricity laws. AMPIN C&I Power Eight, incorporated on 29 January 2025, is a special-purpose vehicle created for developing a 75 MWp DC/50 MW AC solar power project in Sindhari village, Balotara district, Rajasthan. UltraTech, valued at $8.4 billion, is the world's third-largest cement producer outside of China, with a total consolidated grey cement capacity of 183.06 MTPA. UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence. On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023. Shares of UltraTech Cement fell 0.53% to Rs 11,665 on the BSE. Powered by Capital Market - Live

The company has executed a share purchase agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances. Wonder WallCare is engaged in the manufacturing of wall putty and related products. It had recorded a turnover of Rs 78.61 crore in FY24. This acquisition gives UltraTech, access to a new 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the company's existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the company expand its putty and value-added products' production capacity, in the highly competitive and fragmented putty manufacturing market in India, UltraTech Cement said in a statement. UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence. On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023. The scrip shed 0.52% to currently trade at Rs 11547.50 on the BSE. Powered by Capital Market - Live

The Board of UltraTech Cement at its meeting held on 03 April 2025 has approved the purchase of 100% equity of Wonder WallCare at an Enterprise Value not exceeding Rs. 235 crore. The Company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances. This acquisition gives UltraTech, access to a new state-of-the-art 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company's existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the Company expand its putty and Value-Added Products' production capacity, in the highly competitive and fragmented putty manufacturing market in India.Powered by Capital Market - Live

The firm raised its target price to Rs 13,000 from Rs 9,000, expecting a strong demand rebound in the next fiscal year. The brokerage noted that industry consolidation favors market leaders, while factors like housing upcycle and revival in government-led capital expenditure will boost demand. Cost reductions through renewable energy, improved logistics through mergers, and lower freight expenses could further strengthen the sector's profitability. UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence. On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

UltraTech Cement announced that as part of its capacity expansion programs, the Company has identified several opportunities for debottlenecking and enhancing efficiency at various locations. These initiatives have been successfully completed and stabilized, leading to an increased production capacity of 1.2 mtpa, as outlined below: Name of Unit  Type of Unit  Additional Capacity Achieved  Hirmi, Chhattisgarh Integrated Unit 0.8 mtpa Roorkee, Uttarakhand Grinding Unit 0.4 mtpa Consequent to the above, the Company's total domestic grey cement manufacturing capacity stands at 178.86 mtpa. Alongwith its overseas capacity of 5.4 mtpa, the Company's global capacity stands at 184.26 mtpa.Powered by Capital Market - Live

The Chhattisgarh-based integrated unit has commissioned additional capacity of 0.8 MTPA. The Grinding unit located Uttarakhand has commissioned 0.4 MTPA additional capacity. Consequently, the company's total domestic grey cement manufacturing capacity stands at 178.86 MTPA. Along with its overseas capacity of 5.4 MTPA, the company's global capacity stands at 184.26 MTPA, UltraTech Cement said in a statement. UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry. On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023. The scrip rose 0.75% to currently trade at Rs 10780.15 on the BSE. Powered by Capital Market - Live

The agency has reaffirmed 'CARE AAA; Stable / CARE A1+' rating to the long term / short term bank facilities of the company worth Rs 13,000 crore. Further, CARE Ratings has assigned a CARE AAA; Stable rating to UltraTech's fixed deposit program worth Rs 74 crore. According to CARE Ratings, the AAA rating reflects UltraTech's sustained market leadership in India, bolstered by its extensive and diversified cement capacities across the country. As of March 1, 2025, UltraTech boasts an installed cement capacity of 177.7 million tonnes per annum (MTPA) in India, and 183.1 MTPA globally. The company's ongoing expansion plans are set to further increase this capacity to 188.2 MTPA by the end of FY25 and 214.7 MTPA by the end of FY27, solidifying its market dominance. Despite recent capital expenditure, acquisitions, and increased working capital requirements, the company's financial risk profile remains strong. CARE Ratings anticipates that UltraTech's net debt to profit before interest, lease rentals, depreciation and taxation (PBILDT) will remain around 1.6x by the end of FY25 and improve thereafter. The company's liquidity position is also considered superior, supported by strong cash flow generation, moderate working capital utilization, and healthy cash reserves. However, CARE Ratings acknowledged that UltraTech remains exposed to the cyclical nature of the cement industry and volatility in input costs and realizations. The Stable outlook indicates the expectation that UltraTech will maintain its market leadership and strong credit metrics, continuing to grow its operations through capacity expansion. UltraTech is currently executing its second and third phases of capacity expansion, including inorganic acquisitions, aiming to reach 209.3 MTPA in India and 214.7 MTPA globally by FY27. The expansion also includes increasing green power generation capacity to approximately 60% of its power requirements by FY27 and venturing into the cables and wire division with a capital investment of Rs 1800 crore over the next two fiscal years. UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence. UltraTech has 35 Integrated Units (34 in India and one overseas), 34 Grinding Units (30 in India and 4 overseas), 9 Bulk Packaging Terminals ' Sea + Rail (seven in India and one overseas), 2 white cement units and 3 Putty units and 5 Jetties across India, the UAE, Bahrain, and Sri Lanka. On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

CARE ratings has reaffirmed 'CARE AAA; Stable / CARE A1+' rating to the Long Term / Short Term Bank facilities of UltraTech Cement and assigned 'CARE AAA; Stable' rating to the fixed deposit programme.Powered by Capital Market - Live

UltraTech Cement will hold a meeting of the Board of Directors of the Company on 28 April 2025.Powered by Capital Market - Live