Ultratech Cement is an Indian multinational company that specializes in manufacturing and selling cement and ready-mix concrete. It is the largest cement producer in India and one of the leading cement manufacturers worldwide. Ultratech Cement is a subsidiary of the Aditya Birla Group, a conglomerate with diversified business interests. In this Article we will discuss about Ultratech Cement Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Introduction
The company was founded in 1983 and has since grown through mergers, acquisitions, and organic expansions. Ultratech Cement operates numerous cement plants across India, with a total production capacity of over 116 million tonnes per annum. It offers a wide range of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and various types of blended cements.
Ultratech Cement is known for its focus on innovation, quality, and sustainability. The company has implemented various initiatives to reduce its environmental impact and promote sustainable practices. It has invested in renewable energy sources, waste heat recovery systems, and water conservation measures in its manufacturing processes.
Business Model of Ultratech Cement
The business model of Ultratech Cement revolves around the manufacturing and sale of cement and ready-mix concrete. Here are the key components of Ultratech Cement’s business model:
- Cement Manufacturing: Ultratech Cement operates multiple cement plants that produce different types of cement, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and blended cements. The company focuses on efficient and sustainable manufacturing processes to ensure high-quality products.
- Distribution Network: Ultratech Cement has a robust distribution network that enables it to reach customers across India and international markets. The company has a wide network of dealers, retailers, and channel partners, ensuring efficient product availability and delivery.
- Brand Portfolio: Ultratech Cement offers a diverse range of cement products tailored to different construction needs. It has built a strong brand reputation over the years, known for quality, reliability, and innovation. The company emphasizes brand building and marketing strategies to maintain its market position.
- Market Presence: Ultratech Cement is the largest cement manufacturer in India and has a significant market share. It has a presence in multiple regions across the country, catering to various segments, including residential, commercial, and infrastructure projects. The company also has an international presence through exports and operations in other countries.
- Innovation and Research: Ultratech Cement invests in research and development to enhance its product offerings and manufacturing processes. The company focuses on developing sustainable and eco-friendly cement solutions, including low carbon footprint products and waste heat recovery systems.
- Focus on Sustainability: Ultratech Cement prioritizes sustainability and has implemented initiatives to reduce its environmental impact. It emphasizes resource conservation, energy efficiency, waste management, and emission reduction. The company also engages in community development and CSR activities.
- Mergers and Acquisitions: Ultratech Cement has grown through mergers and acquisitions, expanding its market reach and capacity. The company has acquired cement plants and assets from other companies to strengthen its position in the industry.
- Strong Financial Performance: Ultratech Cement’s business model is supported by its strong financial performance. The company focuses on operational efficiency, cost optimization, and pricing strategies to maintain profitability and generate value for stakeholders.
Shareholding of Ultratech Cement Limited
| Shareholders Name | No. of Shares | %Shareholding |
| Total Share | 288686345 | 100% |
| Promoters | 170338945 | 59% |
| Foreign Institutions | 44155678 | 15.3% |
| Banks & Mutual Funds | 39989750 | 13.85% |
| Central Govt | 152802 | 0.05% |
| Others | 5683073 | 1.97% |
| General Public | 16030343 | 5.55% |
| Financial Institutions | 9171095 | 3.18% |
Ultratech Cement Share
Ultratech Cement Share listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
As of July 3, 2023, Ultratech Cement share price on the NSE was INR 8,498/- Ultratech Cement Share 52 week high at Rs. 8,499/- & 52 week low Rs.5,632.10/-. The P/E Ratio of Ultratech Cement is 48.20.
| Company Name | Ultratech Cement Limited |
| Share Name | ULTRACEMCO |
| Sector | Cement |
| Headquater | Mumbai |
| Foundation | 1983 |
| Key Person | K.C. Jhnawar (MD) |
| Market Cap | 2,44,280 Crores Rs. |
| Revenue | 62,015 Crore Rs |
| Official Website | Click Here |
Ultratech Cement Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 8700 | 8850 |
| 2024 | 9500 | 10200 |
| 2025 | 10700 | 11800 |
| 2026 | 12200 | 13600 |
| 2027 | 14000 | 15950 |
| 2028 | 16300 | 18200 |
| 2029 | 18900 | 20100 |
| 2030 | 20800 | 22500 |
| 2040 | 55000 | 59000 |
| 2050 | 140000 | 149500 |
Note:- “That these share price targets for “Ultratech Cement Products Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Ultratech Cement Limited
UltraTech Cement Limited’s annual results for the fiscal year ended March 31, 2023:
- Net sales: INR 632,399.8 million, up 19.3% from INR 525,988.3 million in the previous year.
- Operating profit: INR 132,824.5 million, up 14.7% from INR 115,164.7 million in the previous year.
- Net profit: INR 4,916.88 million, down 8.2% from INR 5,342.07 million in the previous year.
- EPS: INR 10.32, down from INR 11.23 in the previous year.
- Dividend: INR 380 per share, unchanged from the previous year.
Last 5 Year Growth of Ultratech Cement Share
In Last 5 year Ultratech Cement Share give 114.10% returns to its Investors.
| Year | Share Price |
| June- 2019 | 4501.15 |
| June- 2020 | 3860.60 |
| June- 2021 | 6923.20 |
| June- 2022 | 5468.30 |
| June- 2023 | 8498.10 |
This growth has been driven by a number of factors, including:
- The strong growth of the Indian economy
- The increasing demand for cement in India
- The company’s focus on operational efficiency and cost reduction
- The company’s expansion into new markets
Ultratech Cement Share Price Target 2023
Ultratech Cement is the largest cement producer in India and one of the largest globally. It holds a significant market share in the Indian cement industry.Ultratech Cement has a total cement production capacity of over 116 million tonnes per annum. It operates numerous cement plants across India, strategically located to serve different regions.
Ultratech Cement share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹8700 | ₹8850 |
Ultratech Cement Share Price Target 2024
As the largest cement manufacturer in India, Ultratech Cement is well-positioned to capitalize on the country’s growing infrastructure development and construction sector. India’s focus on affordable housing, smart cities, and infrastructure projects offers significant growth opportunities for the cement industry.
Ultratech Cement share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹9500 | ₹10200 |
Ultratech Cement Share Price Target 2025
As the largest cement manufacturer in India, Ultratech Cement is well-positioned to capitalize on the country’s growing infrastructure development and construction sector. India’s focus on affordable housing, smart cities, and infrastructure projects offers significant growth opportunities for the cement industry.
Ultratech Cement share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹10700 | ₹11800 |
Ultratech Cement Share Price Target 2026
Ultratech Cement has been proactive in implementing sustainable practices and reducing its environmental impact. The company’s focus on resource conservation, renewable energy, waste management, and emission reduction aligns with the global trend towards sustainable construction practices.
Ultratech Cement share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹12200 | ₹13600 |
Ultratech Cement Share Price Target 2027
Ultratech Cement invests in research and development to enhance its product offerings and manufacturing processes. Continued innovation and technological advancements will enable the company to meet changing customer requirements and improve operational efficiency.
Ultratech Cement share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹14000 | ₹15950 |
Ultratech Cement Share Price Target 2028
Ultratech Cement’s international operations in countries like the UAE, Bahrain, Bangladesh, and Sri Lanka provide opportunities for geographic diversification and access to new markets. The company’s global presence allows it to leverage its expertise and expand its customer base beyond India.
Ultratech Cement share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹16300 | ₹18200 |
Ultratech Cement Share Price Target 2029
Ultratech Cement has a history of strategic acquisitions to strengthen its market position. Acquiring cement plants and assets from other companies enables Ultratech Cement to expand its production capacity, gain market share, and enhance its competitive advantage.
Ultratech Cement share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹18900 | ₹20100 |
Ultratech Cement Share Price Target 2030
The overall economic growth and government policies in India play a crucial role in the future of Ultratech Cement. Favorable policies and initiatives promoting infrastructure development, affordable housing, and sustainable construction will contribute to the company’s growth.
Ultratech Cement share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹20800 | ₹22500 |
Dividend History of Ultratech Cement Share
Here is a brief overview of Ultratech Cement dividend history over the past few years:
- In 2022, Company declared a final dividend of Rs.38 per share.
- In 2021, Company declared a final dividend of Rs.37 per share.
- In 2020, Company declared a final dividend of Rs.13 per share.
- In 2019, Company declared a final dividend of Rs.11 per share.
Joint venture & Subsidiaries of Ultratech Cement Limited
Ultratech Cement, as part of the Aditya Birla Group, has been involved in various joint ventures and subsidiaries. Here are some notable joint ventures and subsidiaries associated with Ultratech Cement:
Joint Ventures:
- UltraTech Nathdwara Cement Ltd. (formerly Binani Cement): Ultratech Cement entered into a joint venture with the Binani Group to acquire Binani Cement. This joint venture resulted in the formation of UltraTech Nathdwara Cement Ltd., which operates a cement plant in Nathdwara, Rajasthan, India.
- Emirates Cement Bangladesh Ltd.: Ultratech Cement has a joint venture with the Emirates Group to establish Emirates Cement Bangladesh Ltd. This joint venture operates a cement plant in Munshigonj, Bangladesh.
Subsidiaries:
- UltraTech Cement Middle East Investments Limited: This subsidiary of Ultratech Cement is based in the United Arab Emirates and manages Ultratech Cement’s investments in the Middle East region.
- UltraTech Cement Lanka (Pvt.) Ltd.: Ultratech Cement has a subsidiary in Sri Lanka known as UltraTech Cement Lanka (Pvt.) Ltd. This subsidiary operates a cement grinding plant in Colombo, Sri Lanka.
- UltraTech Cement Limited, UAE: Ultratech Cement has a subsidiary in the United Arab Emirates, which focuses on cement trading activities.
- UltraTech Cement Limited, Bahrain: Ultratech Cement has a subsidiary in Bahrain, which engages in the marketing and distribution of cement and related products.
- UltraTech Cement International Limited: This subsidiary of Ultratech Cement is based in the United Kingdom and is involved in trading and distribution of cement and other building materials.
Future Plan of Ultratech Cement Limited
UltraTech Cement Limited’s future plan:
- Increased capacity will help to meet the growing demand for cement in India.
- The expansion will be undertaken across India, which will help to create jobs and boost economic growth in rural areas.
- The company is focusing on improving its operational efficiency and reducing its environmental footprint, which will make it more competitive in the global market.
- The company has a strong track record of execution and a healthy financial position, which means that it is well-positioned to execute its expansion plan.
Overall, the future plan of UltraTech Cement Limited is positive. The company is well-positioned to grow in the years to come, and its expansion plan will help to create jobs and boost economic growth in India.
FAQs-
There are several benefits to investing in Ultratech Cement share. First, the company has a strong track record of growth. Second, the company is well-positioned to benefit from the growing demand for cement in India. Third, the company has a healthy financial position and a clear focus on sustainability.
Yes, Ultratech Cement has a history of paying dividends to its shareholders
As on 04 July 2023, Current Price is Rs.8459/-
for year 2023, the target price for ultratech cement is Rs.8700/-
You can buy Ultratech Cement share through a stockbroker. To do so, you will need to open a brokerage account and deposit funds. Once you have opened an account and deposited funds, you can place a buy order for Ultratech Cement share.
