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UltraTech Cement Ltd

BSE Code : 532538 | NSE Symbol : ULTRACEMCO | ISIN:INE481G01011| SECTOR: - |

NSE BSE
 

4,103.45

111.10 (2.78%) Volume 280564

19-Apr-2018 EOD

Prev. Close

3,992.35

Open Price

4,015.20

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

4,103.45(247)

 

Today’s High/Low 4,163.50 - 4,163.50

52 wk High/Low 4,599.90 - 3,773.30

Key Stats

MARKET CAP (RS CR) 109775.57
P/E 44.97
BOOK VALUE (RS) 907.560625
DIV (%) 100
MARKET LOT 1
EPS (TTM) 88.89
PRICE/BOOK 4.40460933394945
DIV YIELD.(%) 0.25
FACE VALUE (RS) 10
DELIVERABLES (%) 26.16

News & Announcements

17-Apr-2018

Ultratech Cement to consider accounts

17-Apr-2018

Other announcement of UltraTech Cement Ltd

17-Apr-2018

UltraTech Cement Limited - Analysts/Institutional Investor Meet/Con. Call Updates

17-Apr-2018

UltraTech Cement Ltd - Certificate Under Regulation 40 (9) Of SEBI (LODR) Regulations, 2015 For The Half Year Ended 31St March 2018

17-Apr-2018

Ultratech Cement to consider accounts

23-Mar-2018

UltraTech Cement allots 3238 equity shares

07-Mar-2018

RBI increases FPI's investment limit for UltraTech Cement

11-Jan-2018

UltraTech Cement to announce Quarterly Result

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
ACC Ltd 500410 ACC
Ambuja Cement Eastern Ltd(merged) 532201
Ambuja Cement Rajasthan Ltd (Merged) 500122 AMBUJARAJN
Ambuja Cements Ltd 500425 AMBUJACEM
Balaram Cements Ltd 518034
Barak Valley Cements Ltd 532916 BVCL
Basera Cements Ltd(liquidated) 530275
Binani Cement Ltd 532849 BINANICEM
Birla Corporation Ltd 500335 BIRLACORPN
Burnpur Cement Ltd 532931 BURNPUR
Century Textiles & Industries Ltd 500040 CENTURYTEX
Dhar Cement Ltd(liquated) 502076
Gangotri Cement Ltd 518093
Garden Cements Ltd 40395
Gujarat High Tech Industries Ltd 524003
Gujarat Himalaya Cements Ltd 502096
Gujarat Sidhee Cement Ltd 518029 GSCLCEMENT
HeidelbergCement India Ltd 500292 HEIDELBERG
Indo American Cement Corporation Ltd 518099
J K Cements Ltd 532644 JKCEMENT
Jaipur Udyog Ltd 502145
Jamshedpur Cement Ltd 40103
Janpriya Cement Ltd 502088
JK Lakshmi Cement Ltd 500380 JKLAKSHMI
Kalyanpur Cements Ltd 502150
Lloyd Cements Ltd 531605
Mahendra Cements Ltd 518079
Mangalam Cement Ltd 502157 MANGLMCEM
Modern Cement Industries Ltd 518081
Narmada Cement Company Ltd(merged) 502162 NARMADCEM
Nihon Nirmaan Ltd 500453 NIHONIRMAN
Nirman Cements Ltd 531954
OCL India Ltd 502165 OCL
Panchmahal Cement Ltd 502070 PANCHMACEM
Pittie Cement & Industries Ltd(liquidated) 500332 PITTIECEM
Prism Cement Ltd 500338 PRISMCEM
Prudential Cements Ltd (Wound-up) 518059
Radhakisan Cement Ltd 502079
Ranisagar Cement Company Ltd 518107
RCC Cements Ltd 531825
Sahas Cements Ltd 531124
Samruddhi Cement Ltd(merged) 533209 SAMRUDDHI
Sanghi Industries Ltd 526521 SANGHIIND
Saurashtra Cement Ltd 502175 SAURASHCEM
Scan Projects Ltd 531797
Shree Cement Ltd 500387 SHREECEM
Shree Digvijay Cement Co. Ltd 502180 SHREDIGCEM
Shree I-Jee Cement Industries Ltd 518089
Shri Hariganga Cement Ltd 502083
Shubham Industries Ltd 518087
Sigma Cements Ltd 518113
Somani Cement Company Ltd 518071 SOMANICEM
Star Cement Ltd 540575 STARCEMENT
Sukhchain Cements Ltd 518095
Udaipur Cement Works Ltd 530131 JKUDYOG
Vaishno Cement Co Ltd 526941
Varun Cements Ltd 518109
Vedvyas Cement Ltd 531195
Vinay Cements Ltd 518051
Vishwakarma Cements Ltd 518097
Zodiac Cements Ltd 532082

Share Holding

Category No. of shares Percentage
Total Foreign 65042522 23.69
Total Institutions 15576125 5.67
Total Govt Holding 85215 0.03
Total Non Promoter Corporate Holding 8287666 3.02
Total Promoters 170351257 62.05
Total Public & others 15209136 5.54
Total 274551921 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About UltraTech Cement Ltd

UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. The company has an installed capacity of 93 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech Cement has 18 integrated plants, 1 clinkerisation plant, 25 grinding units and 7 bulk terminals. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. UltraTech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. UltraTech Cement is a subsidiary of Grasim Industries Ltd. UltraTech's subsidiaries are Dakshin Cements Limited, Harish Cement Limited, Gotan Limestone Khauj Udyog Private Limited, Bhagwati Limestone Company Private Limited, UltraTech Cement Lanka (Pvt.) Ltd., UltraTech Cement Middle East Investments Limited, PT UltraTech Mining Indonesia and PT UltraTech Investments Indonesia. UltraTech Cement Ltd was incorporated on August 24, 2000 as a public limited company with the name L&T Cement Ltd as a 100% subsidiary of Larsen & Toubro Ltd. In November 2003, the name of the company was changed from L&T Cement Ltd to UltraTech ChemCo Ltd. In the year 2004, pursuant to the scheme of arrangement, the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1, 2003. In May 14, 2004, the company acquired four crore equity shares of Larsen & Toubro Ceylino (Pvt) Ltd from Larsen & Toubro Ltd at an aggregate consideration of Rs 23.03 crore. In July 2004, Grasim Industries Ltd acquired management control of the company and in October 14, 2004, the name of the company was changed from UltraTech ChemCo Ltd to UltraTech Cement Ltd. Also, Narmada Cement Company Ltd became a subsidiary of the company by virtue of the scheme of arrangement for de-merger of cement business of Larsen & Toubro Ltd. During the year 2005-06, the company increased the production capacity of Cement from 155 lakh tonnes to 170 lakh tonnes. As per the scheme of amalgamation, Narmada Cement Company Ltd was amalgamated with the company. Thus, the entire undertaking of Narmada Cement Company Ltd was transferred to the company with effect from October 1, 2005. During the year 2007-08, the company increased the production capacity of Cement from 170 lakh tonnes to 182 lakh tonnes. They set up 15 Ready Mix Concrete plants across the country. In March 2008, the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned. During the year 2008-09, the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company's unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera, Karnataka. They commenced commercial production of cement from their unit in APCW and grinding unit at Ginigera. During the year, the company commissioned 192 MW captive TPPs at their units at APCW, Hirmi Cement Works (HCW) in Chhattisgarh and Gujarat Cement Works (GCW) in Gujarat in a phased manner. Also, they set up new Ready Mix Concrete (RMC) plants and thus increased the RMC capacity to 4.76 million cubic metres per annum. During the year 2009-10, the company increased the production capacity from 219 lakh tonnes to 231 lakh tonnes. They incorporated a wholly-owned subsidiary company in UAE in the name of 'UltraTech Cement Middle East Investments Ltd'. In May 2010, the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd. In July 2010, Samruddhi Cement Ltd was amalgamated with the company. During the year 2010-11, the company's wholly-owned subsidiary, UltraTech Cement Middle East Investments Ltd completed the acquisition of ETA Star Cement (ETA) and acquired management control of ETA's operations in the UAE, Bahrain and Bangladesh. The company's capacity stands augmented to 52 MMTPA placing it among the top 10 cement companies in the world due to the merger and acquisition. On 24 July 2012, UltraTech Cement announced that it has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog Private Limited (GKUPL), Rajasthan to acquire 100% equity shares of GKUPL. With this acquisition, GKUPL has become a wholly owned subsidiary of the company. On 25 March 2013, UltraTech Cement announced that it has commissioned a clinkerisation plant of 3.3 mtpa at Rawan, Raipur, Chhatisgarh and a grinding unit of 1.6 mtpa at Hotgi, Solapur, Maharashtra. On 10 July 2013, UltraTech Cement announced that it has commissioned a clinkerisation plant of 3.3 mtpa at Malkhed in Karnataka. The Board of Directors of UltraTech Cement at its meeting held on 11 September 2013 approved the acquisition of the cement unit of Jaypee Cement Corporation Limited (JCCL) located in Gujarat, by way of demerger through a Scheme of Arrangement between JCCL and the company. JCCL is a wholly-owned subsidiary of Jaiprakash Associates Limited (JAL). The combined capacity of both the divisions of the Gujarat unit is 4.8 mtpa of cement with 57.5 MW coal based thermal power plant, limestone reserves for over 90 years at current capacity and a captive jetty at Sewagram. The enterprise value is Rs 3800 crore besides the actual net working capital at closing. On 20 February 2015, UltraTech Cement announced that it has won the auction conducted for a coal block at Bicharpur, situated in Madhya Pradesh. The company's bid of Rs 3,003 per metric ton was the highest. Commercial production from this coal block is expected to commence from FY 2018. On 16 March 2015, UltraTech Cement announced that it has commissioned a clinkerisation plant of 2 mtpa at Aditya Cement Works, Shambhupura, Rajasthan. The state of the art plant built at a cost of Rs 1250 crore can run on all kinds of fuel. On 26 March 2015, UltraTech Cement announced that the Rajasthan High Court has by its order dated 25 March 2015 quashed and set aside the order relating to cancellation of the mining lease of the limestone mines in the name of the company's wholly owned subsidiary Gotan Limestone Khanij Udyog Private Limited (GKUPL) and all consequential actions of the Rajasthan state government. The court has directed to handover the possession of mining lease to GKUPL forthwith. This will enable GKUPL to take possession and operate the mines. On 28 August 2015, UltraTech Cement announced that it has commissioned a bulk terminal with a capacity of 2 mtpa in Pune, Maharashtra. On 22 September 2015, UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Jhajjar in Haryan. The 3rd line at Aditya Cement, Rajasthan commissioned in March 2015 will cater to the clinker requirement of this plant. On 30 September 2015, UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Dankuni in West Bengal. Clinker requirement of the Dankuni grinding unit will be met through Rawan Cement Works in Chhattisgarh. The grinding unit is strategically located at a distance of less than 50 kms from Kolkata city. On 26 February 2016, UltraTech Cement announced the withdrawal of the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) for the acquisition of JAL's entire cement business, including mining leases, situated at Bela and Siddhi in Madhya Pradesh as a going concern on a slump exchange basis. The company decided to withdraw the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) after the High Court indicated that based on the recent amendments in the provisions of the Mines and Minerals (Development & Regulation) Act, 1947 (MMDRA) preventing transfer of mines granted other than through auction, and in the absence of any clear timelines for any amendment/clarification in the MMDRA, the court cannot sanction the Scheme. Earlier, UltraTech Cement's Board of Directors had at its meeting held on 23 December 2014 approved a proposal for the acquisition of cement units of Jaiprakash Associates Limited (JAL) located in Madhya Pradesh at an enterprise value of Rs 5400 crore. On 19 April 2016, UltraTech Cement announced that the company has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Pataliputra in Bihar. The unit will cater to the markets of eastern India. On 9 May 2016, UltraTech Cement announced that its Board of Directors have approved a proposal for increase in investment limits by Registered Foreign Portfolio Investors from the existing 24% of the paid-up equity share capital to 30% of the paid-up equity share capital of the company. The Board of Directors of UltraTech Cement at its meeting held on 4 July 2016 approved a Scheme of Arrangement between the company, Jaiprakash Associates, Jaypee Cement Corporation and their respective shareholders and creditors for acquisition of cement plants for a total capacity of 21.2 mtpa at an enterprise value of Rs 16189 crore. Earlier, the Board had at its meeting held on 31 March 2016 approved signing definitive agreements for the acquisition of the identified cement plants Jaiprakash Associates in the states of Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh having a capacity of 21.2 mtpa at an enterprise value of Rs 15900 crore. At that time, UltraTech Cement also announced that the company and Jaiprakash Associates have agreed to exclude the 1.2 mtpa capacity in Karnataka as envisaged earlier. Earlier, on 28 February 2016, UltraTech Cement announced that it had entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Associates for the acquisition of its identified cement plants having total capacity of 22.4 mtpa situated in Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Andhra Pradesh and Karnataka at an enterprise value of Rs 16500 crore. On 7 July 2016, UltraTech Cement announced that the company participated in the auction of coal linkages for the cement sector in Maharashtra and secured 52,000 TPA of G10 grade coal at basic floor price of Rs 1,510 per ton and premium of Rs 20 per ton. The company also secured coal linkage of 30,000 TPA of grade 8 coal at basic floor price of Rs 2,060 per ton in Maharashtra. On 26 July 2016, UltraTech Cement announced that the company participated in the auction of coal linkages for the cement sector and secured 95,000 tons of coal at a premium of Rs 80 per ton over base price of Rs 970 per ton from Junadhi Mines in Chhattisgarh. On 28 July 2016, UltraTech Cement announced that it has participated in the auction of coal linkage for captive power plant sub-sector and secured 27,600 tons of coal at a premium of Rs 150 per ton over notified price of Rs 970 per ton and 19,700 tons of coal at a premium of Rs 150 per ton over notified price of Rs 970 per ton from Dipka Mines (SCDG) in Chhattisgarh. On 2 August 2016, UltraTech Cement announced that it has participated in the auction of coal linkage for captive power plant sub-sector and secured 1.29 lakh tons of coal at a premium of Rs 100 per ton over floor price of Rs 970 per ton from Gevra Road mines in Maharashtra and 138,200 tons of coal at a premium of Rs 125 per ton over floor price of Rs 970 per ton from New Kusmunda (NKCR) mines in Chhattisgarh. On 19 January 2017, UltraTech Cement announced that the Competition Commission of India (CCI) in a reference filed by the state government of Haryana for alleged cartelization in August 2012 has passed an order directing the company and other opposite parties to cease and desist' from indulging in the acts/conducts which have been found to be in contravention of the provisions of the Competition Act, 2002. CCI also slapped a penalty of Rs 68.30 crore on the company, being 0.3% of the average turnover for the financial years 2012-13, 2013-14 and 2014-15. UltraTech Cement said at that time that it will take appropriate action after examining the CCI order fully. On 12 May 2017, UltraTech Cement announced that it has commissioned a 0.3 mtpa slag cement manufacturing capacity at its existing facilities at Patliputra in Bihar. This will bolster its capabilities to meet the growing demand for slag cement from the markets of Easter India. On 29 June 2017, UltraTech Cement announced that it has completed the acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units spread across Himachal Pradesh, Uttar Pradesh, Uttarakhand, Madhya Pradesh and Andhra Pradesh, with a capacity of 21.2 million tons. The Board of Directors of UltraTech Cement at its meeting held on 9 December 2017 approved the setting up of a 3.5 mtpa integrated cement plant at Pali, Rajasthan, at an investment of around Rs 1850 crore. Commercial production from the plant is expected to commence by June 2020. The plant will cater to the markets in western Rajasthan where UltraTech does not have a significant presence. On 6 March 2018, Reserve Bank of India notified increase in limit for investment in the equity share capital of the company by Foreign Portfolio Investors (FPIs) from 30% to 40% of the paid up capital of the company. Earlier, on 9 December 2017, the Board of Directors of UltraTech Cement approved proposal for an increase in the investment limit by Registered Foreign Portfolio Investors, including foreign institutional investors (FIIs) from 30% to 40% of the paid up equity share capital of the company. On 19 March 2018, UltraTech Cement announced that the company has in-principle concluded commercial understanding with Binani Industries Limited (BIL) for purchase of BIL's entire stake of 98.43% in Binani Cement Limited (BCL) subject to termination of insolvency proceedings against BCL, entering into definite agreement and other customary and regulatory approvals. BIL is independently seeking termination of insolvency proceedings against BCL. The Board of Directors of UltraTech Cement at its meeting held on 19 March 2018 agreed to issue of a comfort letter confirming that the company will provide funds amounting to Rs 7266 crore, being the amount it had offered to the Committee of Creditors in terms of the Resolution Plan submitted by it for acquiring BCL. BIL will use the letter of comfort issued by UltraTech Cement as a support in its application seeking termination of the insolvency proceedings against BCL.

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