Manufactures and sells cement and ready-mix concrete in India, operating 17 cement plants and 35 offices across 22 states and 6 union territories. Cement and ancillary services is the main line, with ready-mix concrete a smaller secondary stream that contributes about ₹1,935.90 crore of segment revenue. In FY26, standalone revenue was ₹25,961.85 crore on 43.9 million tonnes of cement sales volume, generating an EBITDA margin of 13.0%. Standalone cement capacity stands at 40.4 MTPA and the company carries zero gross debt. Operating costs are dominated by other operating expenses at 42.6% of revenue, covering freight, power and fuel, and packing; raw materials account for 17.5% and employees 2.9% of revenue. Trade sales make up 74-78% of volumes and premium cement products 35-44% of trade sales. The company has a 29.8% green power share and is 1.7x water positive. A scheme of amalgamation with Ambuja Cements at a 328:100 share swap ratio has been filed with NCLT Ahmedabad. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement and ancillary services, Ready Mix Concrete. Asset-heavy, cyclical cement manufacturer with debt-free balance sheet
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | 22,210 | 19,959 | 21,762 | 25,962 |
| EBITDA (ex other income) | — | 1,763 | 3,291 | 3,161 | 2,978 |
| margin % | — | 7.9 | 16.5 | 14.5 | 11.5 |
| Owners' profit | — | 885 | 2,336 | 2,402 | 2,137 |
| EPS, as reported (₹) | — | 47.13 | 124.42 | 127.92 | 113.80 |
| ROE % · ROCE % | — · — | 6.3 · 8.5 | 14.3 · 16.8 | 12.9 · 16.4 | 10.4 · 10.4 |
| Debt / equity (x) | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | (1,235) | 2,995 | 1,711 | (1,358) |
| Capex | — | (2,105) | (1,395) | (1,968) | (1,433) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,614 | 5,207 | 6,067 | 6,087 | 5,932 | 6,483 | 7,146 | 5,808 |
| Profit before tax | 284 | 1,476 | 880 | 561 | 762 | 459 | 368 | 198 |
| Net profit | 200 | 1,092 | 751 | 375 | 1,119 | 404 | 238 | 147 |
| EPS (₹) | 10.55 | 58.14 | 39.99 | 19.99 | 59.60 | 21.52 | 12.69 | 7.83 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cement and ancilliary services * | 18,205 | 70.4 |
| Ready Mix Concrete | 1,936 | 7.5 |
| Cement | 5,715 | 22.1 |
| Total, before eliminations | 25,856 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · ACC to meet investors at Jefferies India Forum on Sept 17 | board shareholder meetings | low | — | — |
| 29 Aug 2026 · ACC to host investor plant visit at Sanghi Plant on Sept 3, 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · ACC publishes NCLT meeting notice for Ambuja Cements amalgamation plan | compliance | minimal | — | — |
| 27 Aug 2026 · ACC shareholder meeting on Sept 29 to approve Ambuja Cements merger | strategic transactions | high | — | — |
| 21 Aug 2026 · ACC to interact with investors at Adani Annual Conference 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · ACC to meet investors at Motilal Oswal Conference on Aug 19, 2026 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · SEBI issues administrative warning to former ACC Company Secretary | regulatory legal | medium | — | — |
| 5 Aug 2026 · SEBI administrative warning to former Company Secretary over insider database | regulatory legal | high | — | — |
| 3 Aug 2026 · ACC files Q1 FY27 earnings call transcript (Ambuja Cements) | investor communications | medium | — | — |
| 29 Jul 2026 · NCLT orders shareholder meetings for ACC-Ambuja amalgamation on Sep 29 | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 | 9.2 | 23.8 |
| JK CEMENT LIMITED | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED ◆ | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.3 | 24.6 | 10 of 35 | 74% |
| P/B | 1.1 | 1.5 | 12 of 34 | 67% |
| ROCE | 9.9 | 3.7 | 10 of 37 | 75% |
| ROE | 10.4 | 7.7 | 12 of 38 | 70% |
| Debt / Equity | 0.0 | 0.4 | 5 of 38 | 84% |
| EBITDA margin | 8.4 | 13.1 | 30 of 37 | 19% |
| Revenue growth | (4.6) | 7.8 | 30 of 37 | 19% |
| Profit growth | (60.8) | (24.7) | 29 of 37 | 22% |
| Market cap | 23444 | 2005 | 7 of 38 | 84% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
