Announced Thu, 23 Jul · 18:44 IST
Crisil reaffirms AAA, assigns AAA/Stable to UltraTech new Rs 2,000 cr NCDs
ULTRACEMCO · price
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Price reaction · full curve 14 horizons · vs prior close
-0.0%1-day move
₹11896.00
prior close
₹11750.00
base price
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AI summary
Crisil assigned AAA/Stable to UltraTech new Rs 2,000 crore non-convertible debentures and reaffirmed AAA/Stable and A1+ ratings on existing debt and bank facilities. UltraTech, India largest cement maker, posted 14% YoY sales volume growth in FY26 with EBITDA per ton at Rs 1,103 versus Rs 915 in FY25. Net debt to EBITDA improved to 1.1 times from 1.5 times. Plans capex of about Rs 30,000 crore for 37 MTPA capacity addition over FY27-29.
Likely market impact
Top credit quality reaffirmed, supports low borrowing costs and signals strong financial health for growth plans