Please refer to important disclosures at the end of this report
UltraTech Cement Limited is engaged in the business of cement and
cement-related products. Ultratech Cement Ltd is the one of best stock in cement
space over the long run, given the government’s focus on infrastructure, housing,
smart cities and roads. The Q1FY17 witnessed improvement in operating costs
on the back of operational efficiencies and a judicious power and fuel mix.
Ultratech Cement Ltd has agreed to buy 21.2mtpa capacity of JAL for `162bn
and the acquisition costs as per management are US$107/mt. Ultratech is
perfectly positioned across the country to meet the rise in demand and join in the
next phase of growth of the country. Hence, we feel it is bet on revival cycle
upturn given its sufficient capacity and stellar improvement on cost efficiency.
Hence Buy.
CMP `4,089
Stock Info
Beta 0.8
Bloomberg Code UTCEM IN
Shareholding Pattern (%)
Promoters 62.3
MF / Banks / Indian Fls 6.9
FII / NRIs / OCBs 20.0
Indian Public / Others 10.8
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Ultratech Cement 23.0 39.5 177.9
Market Cap (
cr) 1,12,210
52 Week High / Low 4102/2581
Avg. Daily Volume 20,331
Face Value (
BSE Sensex 28,926
Nifty 8,918
Reuters Code ULTC.BO
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
UltraTech Cement
Others | Cemen
September 7, 2016
Ultratech Cement | Cement
September 7, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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