Manufactures and sells cement and cement-related products from its plant at Ranavav in Gujarat, contributing 95.4% of FY26 segment revenue. The paints business accounted for the remaining 4.6% and ran at an operating loss in FY26. The Ranavav cement kiln underwent an annual maintenance shutdown of about 24 days in July 2026, during which dispatches continued. Material inputs made up 19.1% of revenue, employee costs 7.2%, depreciation 2.7%, with the remaining 69.2% classified as other operating expenses. The paints division is undergoing a leadership change, with a new CEO taking over on 16 August 2026. FY26 total revenue stood at 1,666.04 crore and net profit at 14.42 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement and Cement related product (95%), Paints (5%). Asset-heavy single-plant cement maker with a small loss-making paints business
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 761 | 1,645 | 1,765 | 1,538 | 1,666 |
| EBITDA (ex other income) | 24 | 6 | 110 | 53 | 42 |
| margin % | 3.1 | 0.4 | 6.2 | 3.4 | 2.5 |
| Owners' profit | 0 | (22) | 57 | 7 | 14 |
| EPS, as reported (₹) | 0.57 | (1.99) | 5.11 | 0.63 | 1.30 |
| ROE % · ROCE % | 0.8 · 2.2 | (2.5) · (2.0) | 6.1 · 9.3 | 0.7 · 2.6 | 1.5 · 1.5 |
| Debt / equity (x) | 0.12 | 0.07 | 0.09 | 0.14 | 0.11 |
| Cash from operations | (8) | 21 | 155 | 30 | 36 |
| Capex | (35) | (39) | (68) | (86) | (29) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 296 | 377 | 478 | 424 | 386 | 410 | 447 | 457 |
| Profit before tax | (50) | (3) | 53 | 27 | (18) | (15) | 13 | 12 |
| Net profit | (31) | (4) | 33 | 17 | (11) | (10) | 19 | 9 |
| EPS (₹) | (2.83) | (0.39) | 2.96 | 1.52 | (0.99) | (0.92) | 1.69 | 0.82 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cement and Cement Related Products | 424 | 25.4 |
| Paints | 76 | 4.6 |
| Cement and Cement related product | 392 | 23.5 |
| Cement and Clinker | 774 | 46.5 |
| Total, before eliminations | 1,666 | 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · 68th AGM notice published; book closure Sept 17 to 23 | compliance | minimal | — | — |
| 28 Aug 2026 · Saurashtra Cement files FY26 annual report, 68th AGM on 23 Sep 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Notice of 68th AGM on Sept 23, 2026 with key director and auditor resolutions | board shareholder meetings | low | — | — |
| 28 Aug 2026 · 68th AGM on 23 Sept 2026; FY25-26 annual report filed; net profit doubles to Rs 14.4 cr | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Saurashtra Cement notifies IEPF transfer of unclaimed shares and dividend | compliance | minimal | — | — |
| 25 Aug 2026 · Tax show cause notice received by merged entity Gujarat Siddhee Cement | regulatory legal | high | — | — |
| 24 Aug 2026 · Re-appointment of Managing Director M. S. Gilotra for one more year | management changes | high | — | — |
| 24 Aug 2026 · MD re-appointed for one year, subject to shareholder approval | management changes | high | — | — |
| 24 Aug 2026 · Board re-appoints MD M. S. Gilotra for one more year | management changes | high | — | — |
| 8 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 37.9 |
| 4.02 |
| 19.9 |
| 10.1 |
| 10.2 |
| 14.6 |
| 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) | 90.9 | 24.6 | 31 of 35 | 12% |
| P/B | 0.6 | 1.5 | 1 of 34 | 100% |
| ROCE | 0.6 | 3.7 | 25 of 37 | 33% |
| ROE | 1.5 | 7.7 | 28 of 38 | 27% |
| Debt / Equity | 0.1 | 0.4 | 12 of 38 | 70% |
| EBITDA margin | 5.7 | 13.1 | 32 of 37 | 14% |
| Revenue growth | 7.8 | 7.8 | 18 of 37 | 50% |
| Profit growth | (45.9) | (24.7) | 25 of 37 | 33% |
| Market cap | 607 | 2005 | 25 of 38 | 35% |
| 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.
