Ultratech Cement Share Price: The shares of veteran cement company Ultratech Cement have seen a strong positive movement after releasing the results of the December quarter. The company’s shares closed over 7% on Thursday. Most brokerage companies are bullish on ultratech cement after a strong quarterly results. Brokeyses have advised to buy stock for 21% upside returns in long -term.
Ultratech Cement: Target of upset up to 21%
Brokerage firm Centrum Broking Has given a ‘Buy’ rating on UltraTech cement. For this, the long term target price has been fixed at Rs 13,279. In this way, the stock can offer 16% upset with a closed price of Thursday (23 January). UltraTech Cement shares closed at Rs 11,421 on Thursday.
According to brokerage, the company has completed the acquisition of India Cements on December 24, 2024. It is expected that Kesoram’s acquisition will be completed by Q4Fy25. Ultra Tech has set a target to increase its capacity from 14.08 crore metric tonnes to 20.93 metric tonnes by FY27. With this, the company’s CAGR can be 14%.
Brokerage said we believe that Ultra Tech will continue to perform leading performance in the industry with continuous market share and improvement in affidavit. We maintain our ‘Buy’ rating on stock with a target price of Rs 13,279.
Brokerage firm Choice Broking Has also advised to buy UltraTech cement. Brokerage has placed a target price of Rs 13,246 on a long -term on stocks. In this way, the stock can give 16% return in the long term with a close price of Thursday.
Brokerage says that we are upgrading the rating to ‘Buy’ by changing our estimate for FY26/27 EPS at 6.1%/11.3%. The company management is excited about the demand for cement and increase in volume. At the same time, management has hoped to increase double digit in FY 2026. Cement Industry has faced “lethargy” in most times in 2024. However, the demand has increased in December and this positive trend is expected to continue with rising prices.
Brokerage firm Nuwama (nuvama) Has given a ‘Hold’ rating on cement stock. Also, the long term price target has been increased to Rs 11,574, which was earlier Rs 11,238. Brokerage says the company has performed strongly in the December quarter. Given better demand growth and pricing outlook, we are expecting a slight increase of 1% in Ebitda for FY25E, FY26e and FY27E.
Brokerage firm Antique Broking (Antique Broking) Has also rated ‘Buy’ on UltraTech cement. Also, a target price of Rs 12,800 has been given on the stock. In this way, it can give 12% upside returns to investors in long term.
According to brokerage, the company has firmly implemented the cost of cost. Also, the rebound has started in cement prices. Brokerage said that we repeat ultra cement in this sector as our top pick. The company can enter 18% Ebitda CAGR leading in the industry with FY27e Ebitda/ton of Rs 1,248 in FY24-27E.
Brokerage firm Motilal Oswal (Motilal Oswal) There is also a bullish on ultratech cement. Brokerage has placed a target price of Rs 13,800, giving a ‘BUY’ rating on stock. In this way, the stock can offer an upset of 21% at a closed price of Thursday (23 January). UltraTech Cement shares closed at Rs 11,421 on Thursday.
Brokerage says UltraTech Cement’s performance in the December quarter remained in accordance with our estimates. The company’s capacity stake in the South region is expected to increase by 30% with the acquisition of ICEM and Kesoram. He believes that there is scope for improving capacity utilization in both assets (ICEM and CERAM).
Ultratech Cement Share History
UltraTech Cement Shares has been under pressure for some time. On Friday, the company’s shares were trading at 11,386 with a decline of 0.31% in Intrade trade on BSE. However, after releasing the third quarter results, the company’s shares closed 7% on Thursday (23 January).
At the same time, the performance of the share of the last one month has been almost flat. Whereas in the last one year the stock has climbed about 14%. The stock’s 52 week high is Rs 12,143 while 52 weeks are Rs 9,250. The total market cap of stock on BSE is Rs 3,28,735 crore.
Ultratech Cement Q3 Results
In the third quarter (Q3) of FY 2024-25 (FY25) of Ultratech Cement, the consolidate net profit declined by 17.3 percent to Rs 1469.5 crore in the third quarter (Q3). However, the company’s profit jumped at 79.2% on a quarterly basis. In the second quarter of the current financial year, the company made a profit of Rs 820 crore.
The company’s revenue also increased by 2.7 percent to Rs 17,193.33 crore in the December quarter. It was Rs 16,739.97 crore in the same quarter of a year ago. At the same time, on the quarterly basis, the company’s revenue increased by Rs 15,634.73 crore by 10 percent.
Consolidated Net Sales of UltraTech increased to Rs 16,971 crore in the same period of the previous year as compared to Rs 16,487 crore. The company registered a profit of Rs 3,131 crore before interest, depreciation and tax, which is less than Rs 3,395 crore a year ago.
Disclaimer: Brokerage has advised shopping in the stock here. Investment in the market which is subject to Khimon. Consult your advisor before making investment decisions.