UltraTech Cement enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


3,29,305	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
2,554	4,090	3,326	6,038	6,207
4,115	4,089	3,187	55.9	55.6
22,781	22,781	23,031	10,298	9,901
3,53,646	—	—	—	—
20,227	18,691	19,705	4,260	3,694
₹12,001.03	—	—	—	—

1,00,483	1,03,493	96,924	70,582	64,281
22.7%	22.0%	23.8%	14.6%	15.4%
0.06×	—	—	—	—

3.70×	—	—	—	—
19.38×	—	—	—	—
26.30×	—	—	—	—
62.72×	—	—	—	—
95,572	88,512	75,955	70,908	63,240
18,252	17,020	12,557	12,969	10,620
13,448	12,376	8,543	9,823	7,732
—	15,316	10,673	10,898	9,069
5,638	5,638	1,544	1,892	2,868
—	5,170	1,252	1,656	2,627
—	9,678	9,129	9,006	6,200

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ULTRACEMCO₹11,175.00

UltraTech Cement Ltd.

· Infrastructure

₹ CrorePeersAMBUJACEM SHREECEM ACC GRASIM DALBHARAT JKCEMENT JSWCEMENT RAMCOCEMMcap ₹3.29L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	3,29,304.9
- Cash, Equiv & ST Investments	6,207.0	6,038.4	3,326.3	4,090.1	2,554.1
+ Minority Interest	55.6	55.9	3,186.6	4,088.9	4,114.8
+ Total Debt	9,900.8	10,298.4	23,031.0	22,780.7	22,780.7
Enterprise Value	—	—	—	—	3,53,646.2
Net Debt (memo)	3,693.8	4,260.0	19,704.7	18,690.6	20,226.6
EV per Share	—	—	—	—	12,001.03

Total Capital	64,281.0	70,581.8	96,924.4	1,03,493.1	1,00,482.7
Total Debt/Total Capital	15.40	14.59	23.76	22.01	22.67
Total Debt/EV	—	—	—	—	0.06

EV/Sales	—	—	—	—	3.70
EV/EBITDA	—	—	—	—	19.38
EV/EBIT	—	—	—	—	26.30
EV/Free Cash Flow	—	—	—	—	62.72
Reference Items — Trailing FY Values
Sales	63,240.0	70,908.1	75,955.1	88,511.5	95,572.4
EBITDA	10,619.9	12,968.6	12,557.5	17,020.2	18,252.3
EBIT	7,731.9	9,823.3	8,542.5	12,375.8	13,448.4
Operating Cash Flow	9,068.5	10,897.5	10,673.4	15,315.9	—
Free Cash Flow	2,868.4	1,892.0	1,544.1	5,638.1	5,638.1
FCFF (free cash flow to the firm)	2,626.6	1,656.1	1,252.1	5,170.4	—
Capital Expenditure	6,200.1	9,005.6	9,129.3	9,677.8	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 144%.