UltraTech Cement Ltd

4 published calls

• ICICI SecuritiesHOLD04 Sept 2026

  11,27512,138+7.7%

  UltraTech Cement has launched its wires and cables business, 'Ultravolt'. While this new segment is a lucrative foray with an ambitious scale-up plan, it is unlikely to move the needle materially for UTCEM just yet, leading us to maintain our HOLD rating with a revised target price of INR 12,138.

• Motilal OswalBUY04 Sept 2026

  11,27513,800+22.4%

  Aditya Birla Group has formally launched its cables and wires business under the brand 'Ultravolt', housed under UltraTech Cement with an initial investment of INR18b, aiming to become one of the top two players in this segment within five years.

• Choice EquitiesBUY03 Sept 2026

  11,33215,210+34.2%

  Ultratech Cement Ltd remains our preferred large-cap cement play, supported by superior long-term earnings visibility and strong execution capabilities, with a target price of INR 15,210.

• Motilal OswalBUY12 Aug 2026

  11,78013,800+17.1%

  UltraTech Cement continues to extend its lead over peers across scale, market share, cost leadership, and cash-flow generation. We estimate a consolidated revenue/EBITDA/PAT CAGR of ~12%/17%/19% over FY26-28 and reiterate our BUY rating with a target price of INR13,800.

Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.