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UltraTech Cement Limited (ULTRACEMCO.NS)

11,914.00

-245.00

(-2.01%)

As of 11:19:35 AM GMT+5:30. Market Open.

India's UltraTech Cement falls as wire biz foray raises concerns over capital allocation

Shares of UltraTech Cement, India's top cement maker by capacity, fell about 6% to hit an eight-month low on Thursday as its plan to foray into the cables and wires business led to concerns over capital allocation and debt reduction. The cement maker, a part of the Aditya Birla Group, was the top percentage loser on India's benchmark Nifty 50 index, which was little changed. Competition in India's cement industry is intensifying, with leaders UltraTech and Adani Group companies striking a series of deals to acquire smaller firms and expand their market share.

Reuters last month

ULTRACEMCO.NS
-2.01%
India's UltraTech Cement to spend $206 million to enter cables, wires business

The wires and cables business will be part of UltraTech's building products division, which includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools as well as electrical components such as switchboards. The investment, to be spread over two years, will involve UltraTech building a plant by December 2026 with the aim of capturing demand in a sector that, the Aditya Birla group company said, logged a compound annual growth rate of about 13% between fiscal 2019-2024.

Reuters last month

ULTRACEMCO.NS
-2.01%
UltraTech in talks to buy HeidelbergCement India, Moneycontrol reports, following rival Adani

Executives from the Aditya Birla Group, UltraTech's parent, met Heidelberg management to discuss the acquisition of HeidelbergCement India, the report said, without specifying the value of the deal. The German parent's 69% stake in its local arm was valued at around 33.8 billion rupees ($391.08 million) as of Friday's close.

Reuters 2 months ago

ULTRACEMCO.NS
-2.01%
UltraTech Cement Ltd (BOM:532538) Q3 2025 Earnings Call Highlights: Strong EBITDA Growth and ...

UltraTech Cement Ltd (BOM:532538) reports a significant EBITDA increase and strategic expansions, despite regional challenges and rising debt.

GuruFocus.com 2 months ago

ULTRACEMCO.NS
-2.01%
INDIACEM.NS
India's UltraTech Cement sees profit boost ahead as demand, prices pick up

(Reuters) -UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes. "We expect earnings before interest, taxes, depreciation and amortization (EBITDA) to further improve going forward," finance chief Atul Daga said in a post-earnings conference call. The comments echo those of smaller peer Dalmia Bharat, which said it was confident about a stronger performance in the upcoming quarters.

Reuters 2 months ago

ULTRACEMCO.NS
-2.01%
India competition watchdog approves UltraTech Cement's acquisition of India Cements

India's antitrust watchdog on Friday approved UltraTech Cement's acquisition of India Cements. The country's cement sector has seen a host of deals recently as billionaire Gautam Adani's ports-to-power conglomerate aims to challenge UltraTech Cement's pole position in the segment. UltraTech Cement, part of the Aditya Birla group, signed a $472 million deal to gain control of India Cements, to bolster its position in the country's southern states and help it meet its production target of 183.5 million metric tons by fiscal year 2027.

Reuters 4 months ago

ULTRACEMCO.NS
-2.01%
INDIACEM.NS
UltraTech Cement Ltd (BOM:532538) Q2 2025 Earnings Call Highlights: Strategic Expansion and ...

Despite challenges, UltraTech Cement Ltd (BOM:532538) focuses on capacity expansion and cost reduction to enhance profitability and market presence.

GuruFocus.com 5 months ago

ULTRACEMCO.NS
-2.01%
India's biggest cement maker UltraTech sees early signs of price recovery

(Reuters) -India's UltraTech Cement said on Monday it was seeing early signs of a price recovery, after it reported a sharp drop in second-quarter profit due to persistently low prices of the construction material. "Prices have been improving since the end of August and so far in October, have held steady," Atul Daga, UltraTech's finance chief said in a post-earnings call. Daga said the price of a cement bag was currently at 354 rupees ($4.21), up from 347 rupees at the end of August.

Reuters 5 months ago

ULTRACEMCO.NS
-2.01%
How to invest in the Indian stock market

India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.

Yahoo Finance UK 5 months ago

TAJGVK.NS

HSBC

CELLO.NS
Aditya Birla’s UltraTech to acquire 32.72% stake in India Cements

The deal's completion is subject to clearance from the Competition Commission of India.

World Construction Network 8 months ago

INDIACEM.NS

ULTRACEMCO.NS
-2.01%
Birla's UltraTech buys stake in rival to defend Indian cement lead against Adani

BENGALURU (Reuters) -UltraTech Cement said it is buying a stake worth up to $228 million in rival India Cements, intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker. India's cement market, expected to roughly double to $49.24 billion by 2029 from 2022 levels, was long dominated by billionaire Kumar Mangalam Birla's company until Gautam Adani entered the sector in 2022 and quickly rose through the ranks to become the second biggest player. The deal for a 23% stake, which UltraTech said is a non-controlling financial investment, comes as cement makers stand to benefit from Narendra Modi's return to power and an expected infrastructure spending spurt in Asia's No. 3 economy.

Reuters 9 months ago

INDIACEM.NS

ULTRACEMCO.NS
-2.01%
UltraTech Cement offers to acquire 31.6% stake in RAKWCT

UCMEIL aims to enhance RAKWCT's business operations locally and internationally via the acquisition.

World Construction Network 10 months ago

ULTRACEMCO.NS
-2.01%
India's JSW Cement plans $360 million factory to meet rising demand

BENGALURU (Reuters) -India's JSW Cement said on Tuesday it will invest around 30 billion rupees ($360.2 million) to set up a cement factory in the northern state of Rajasthan, in a bid to meet surging demand for the key construction material. Market leader UltraTech Cement said last month it will set aside $3.9 billion for ongoing capital expenditure over the next three years. JSW Cement's proposed unit will supply cement to Rajasthan, Haryana, Punjab and the national capital region, marking the firm's entry into the country's northern market, which is dominated by Shree Cement and UltraTech.

Reuters 10 months ago

ULTRACEMCO.NS
-2.01%

Performance Overview

Return	ULTRACEMCO.NS	S&P BSE SENSEX (^BSESN)
YTD	+4.27%	+0.88%
1-Year	+23.76%	+6.03%
3-Year	+83.60%	+39.32%

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UltraTech Cement Limited (ULTRACEMCO.NS)

India's UltraTech Cement falls as wire biz foray raises concerns over capital allocation

India's UltraTech Cement to spend $206 million to enter cables, wires business

UltraTech in talks to buy HeidelbergCement India, Moneycontrol reports, following rival Adani

UltraTech Cement Ltd (BOM:532538) Q3 2025 Earnings Call Highlights: Strong EBITDA Growth and ...

India's UltraTech Cement sees profit boost ahead as demand, prices pick up

India competition watchdog approves UltraTech Cement's acquisition of India Cements

UltraTech Cement Ltd (BOM:532538) Q2 2025 Earnings Call Highlights: Strategic Expansion and ...

India's biggest cement maker UltraTech sees early signs of price recovery

How to invest in the Indian stock market

Aditya Birla’s UltraTech to acquire 32.72% stake in India Cements

Birla's UltraTech buys stake in rival to defend Indian cement lead against Adani

UltraTech Cement offers to acquire 31.6% stake in RAKWCT

India's JSW Cement plans $360 million factory to meet rising demand

Performance Overview