ULTRACEMCO · Construction - Raw Materials · INE481G01011
Analyst mean 1.74 · 38 analysts · 92% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 179% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹15,316 cr against trailing net profit ₹8,571 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (17.2% and 26.7%) — growth is translating to the bottom line.
Trailing revenue ₹91,884 cr, trailing profit ₹8,571 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is positive and consistent — the business funds itself after capex.
Latest free cash flow ₹5,805 cr. Negative in only 0 of 12 years. A self-funding business needs less external capital and dilutes less.
Borrowings rose 108% over two years while the company also carries ₹6,740 cr in investments. Why borrow at interest while parking money elsewhere is a fair question.
Borrowings moved to ₹23,755 cr from ₹11,403 cr. Simultaneous large investments can be legitimate treasury management, or a sign that reported cash is not freely available.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16,294 | 17,779 | 23,063 | 21,275 | 19,607 | 21,830 | 25,799 | 24,648 |
| Expenses | 14,269 | 14,885 | 18,456 | 16,869 | 16,518 | 17,919 | 20,201 | 19,633 |
| Other Income | 226 | 247 | 93 | 142 | 174 | 46 | 77 | 118 |
| Depreciation | 980 | 993 | 1,125 | 1,107 | 1,148 | 1,182 | 1,208 | 1,201 |
| Profit before tax | 879 | 1,691 | 3,101 | 3,008 | 1,656 | 2,283 | 3,981 | 3,480 |
| Net Profit | 708 | 1,363 | 2,475 | 2,221 | 1,238 | 1,729 | 3,000 | 2,604 |
| EPS | 24.34 | 47.09 | 84.23 | 75.54 | 41.79 | 58.55 | 101.22 | 88.21 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 289 | 289 | 289 | 289 | 295 | 295 |
| Reserves | 43,886 | 50,147 | 54,036 | 59,939 | 70,412 | 76,329 |
| Borrowings | 21,719 | 11,299 | 11,058 | 11,403 | 24,102 | 23,755 |
| Fixed Assets | 55,412 | 55,488 | 59,579 | 62,878 | 94,564 | 98,794 |
| CWIP | 1,687 | 4,785 | 4,040 | 6,811 | 6,234 | 8,742 |
| Investments | 12,178 | 6,336 | 7,297 | 8,249 | 5,156 | 6,740 |
| Total Assets | 86,176 | 83,811 | 91,380 | 100,797 | 133,632 | 141,315 |