India Cements [INDIACEM] vs Ultratech Cement [ULTRACEMCO] Detailed Stock Comparison

India Cements Ltd.

NSE
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Ultratech Cement Ltd.

NSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: India Cements Ltd. wins in 5 metrics, Ultratech Cement Ltd. wins in 14 metrics, with 0 ties. Ultratech Cement Ltd. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric India Cements Ltd. Ultratech Cement Ltd. Better
P/E Ratio (TTM) 439.42 46.08 Ultratech Cement Ltd.
Price-to-Book Ratio 1.32 4.90 India Cements Ltd.
Debt-to-Equity Ratio 13.31 33.19 India Cements Ltd.
PEG Ratio -4.43 0.32 Ultratech Cement Ltd.
EV/EBITDA 160.08 24.03 Ultratech Cement Ltd.
Profit Margin (TTM) -2.51% 8.94% Ultratech Cement Ltd.
Operating Margin (TTM) 0.39% 12.52% Ultratech Cement Ltd.
EBITDA Margin (TTM) 0.39% 12.52% Ultratech Cement Ltd.
Return on Equity -1.41% 8.17% Ultratech Cement Ltd.
Return on Assets (TTM) -1.04% 4.52% Ultratech Cement Ltd.
Free Cash Flow (TTM) $-3.19B $15.44B Ultratech Cement Ltd.
Dividend Yield N/A 1.20% N/A
1-Year Return 18.05% -0.95% India Cements Ltd.
Price-to-Sales Ratio (TTM) 4.41 4.11 Ultratech Cement Ltd.
Enterprise Value $138.23B $3,833.44B Ultratech Cement Ltd.
EV/Revenue Ratio 3.09 4.47 India Cements Ltd.
Gross Profit Margin (TTM) 78.37% 79.83% Ultratech Cement Ltd.
Revenue per Share (TTM) $151 $2,916 Ultratech Cement Ltd.
Earnings per Share (Diluted) $-3.51 $260.37 Ultratech Cement Ltd.
Beta (Stock Volatility) 0.18 0.48 India Cements Ltd.

India Cements Ltd. vs Ultratech Cement Ltd. Stock Performance Analysis

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INDIACEM
ULTRACEMCO

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
India Cements Ltd.0.32%6.07%-1.45%11.02%-5.56%-9.56%
Ultratech Cement Ltd.3.14%6.22%-0.18%3.31%-2.23%-3.66%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
India Cements Ltd.18.05%75.61%101.43%276.53%376.48%198.59%
Ultratech Cement Ltd.-0.95%33.41%66.08%236.57%1,053.40%1,581.72%

Performance & Financial Health Analysis: India Cements Ltd. vs Ultratech Cement Ltd.

MetricINDIACEMULTRACEMCO
Market Information
Market Cap i₹197.14B₹3.53T
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i174,653293,409
90 Day Avg. Volume i194,279389,204
Last Close₹394.35₹11,466.00
52 Week Range₹297.05 - ₹485.80₹10,325.00 - ₹13,110.00
% from 52W High-18.82%-12.54%
All-Time High₹485.80 (Jan 08, 2026)₹13,110.00 (Feb 10, 2026)
% from All-Time High-18.82%-12.54%
Growth Metrics
Quarterly Revenue Growth0.18%0.27%
Quarterly Earnings Growth0.09%0.17%
Financial Health
Profit Margin (TTM) i-0.03%0.09%
Operating Margin (TTM) i0.00%0.13%
Return on Equity (TTM) i-0.01%0.08%
Debt to Equity (MRQ) i13.3133.19
Cash & Liquidity
Book Value per Share (MRQ)₹320.14₹2,448.89
Cash per Share (MRQ)₹2.20₹125.13
Operating Cash Flow (TTM) i₹6.48B₹87.64B
Levered Free Cash Flow (TTM) i₹-1,436,778,000₹60.39B
Dividends
Last 12-Month Dividend Yield iN/A1.20%
Last 12-Month Dividend i₹0.00₹147.50

Valuation & Enterprise Metrics Analysis: India Cements Ltd. vs Ultratech Cement Ltd.

MetricINDIACEM (Apr 24, 2026)ULTRACEMCO (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i439.4246.08
Forward P/E i37.2032.03
PEG Ratio i-4.430.32
Price to Sales (TTM) i4.414.11
Price to Book (MRQ) i1.324.90
Market Capitalization
Market Capitalization i₹197.14B₹3.53T
Enterprise Value i₹138.23B₹3.83T
Enterprise Value Metrics
Enterprise to Revenue i3.094.47
Enterprise to EBITDA i160.0824.03
Risk & Other Metrics
Beta i0.180.48
Book Value per Share (MRQ) i₹320.14₹2,448.89

Financial Statements Comparison: India Cements Ltd. vs Ultratech Cement Ltd.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricINDIACEM (2025)ULTRACEMCO (2025)
Revenue/Sales i41.49B749.36B
Cost of Goods Sold i27.98B175.01B
COGS % of Revenue i67.4%23.4%
Gross Profit i13.51B574.36B
Gross Margin i32.6%76.6%
Research & Development iN/AN/A
Operating Income (EBIT) i-5.86B84.24B
Operating Margin i-14.1%11.2%
EBITDA i-3.08B128.24B
EBITDA Margin i-7.4%17.1%
Pre-Tax Income i-1.83B75.28B
Pre-Tax Income % of Revenue i-4.4%10.0%
Income Tax i-584.95M14.88B
Income Tax % of Revenue i-1.4%2.0%
Net Income (Profit) i-1.44B60.40B
Profit Margin i-3.5%8.1%

Balance Sheet & Liquidity Metrics

MetricINDIACEM (2025)ULTRACEMCO (2025)
Cash & Equivalents i1.03B4.67B
Total Current Assets i17.11B237.37B
Total Current Assets % of Revenue i41.2%31.7%
Total Current Liabilities i12.50B323.65B
Total Current Liabilities % of Revenue i30.1%43.2%
Long-Term Debt i10.71B166.49B
Long-Term Debt % of Revenue i25.8%22.2%
Total Shareholders Equity i101.96B738.93B
Retained Earnings iN/A110.39B
Retained Earnings % of Revenue i0.0%14.7%
Property, Plant & Equipment i0101.61B

Cash Flow Statement Comparison

MetricINDIACEM (2025)ULTRACEMCO (2025)
Operating Cash Flow i6.48B87.64B
Operating Cash Flow % of Revenue i15.6%11.7%
Capital Expenditures i2.87B-89.51B
Free Cash Flow i-3.19B15.44B
FCF Margin i-7.7%2.1%
Debt Repayment i-14.67B-5.50B
Common Stock Repurchase iN/A-1.00B

Short Interest & Institutional Ownership Analysis

MetricINDIACEMULTRACEMCO
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i309.90M294.17M
Float Shares i68.70M113.95M
% Held by Insiders i75.21%60.59%
% Held by Institutions i14.47%21.75%
% Held by Public i10.32%17.66%

Dividend Analysis & Yield Comparison: India Cements Ltd. vs Ultratech Cement Ltd.

MetricINDIACEMULTRACEMCO
Last 12-Month Dividend i₹0.00₹147.50
Last 12-Month Dividend Yield iN/A1.20%
3-Year Avg Annual Dividend i₹0.33₹74.50
3-Year Avg Dividend Yield i0.39%0.56%
3-Year Total Dividends i₹1.00₹223.50
Ex-Dividend DateSep 20, 2022Jul 25, 2025