UltraTech Cement is one of the top players in the Indian cement industry and its share price has been attracting attention lately. Investors are eager to know whether UltraTech Cements is a good auto stock to buy and what the company’s share price target is for the coming years.
With the outlook for the cement industry being optimistic, Motilal Oswal has named UltraTech Cements as one of its top three selections.
This article will explore UltraTech Cements share price target from 2023 to 2030 and discuss the factors that could impact the company’s growth and share price.
About the Company
UltraTech Cement is a leading manufacturer in the Cement Industry and related products in India. It is part of the Aditya Birla Group and it offers an extensive selection of items, including OPC, PPC, White cement, Portland slag cement, and pre-prepared concrete mixture. The company manufactures and markets its products across India and exports to more than twenty countries worldwide.
The company is among the top producers of cement in the country and is widely recognized for its quality and reliability. The company’s products are used in a variety of applications, including residential, commercial, and industrial buildings, as well as infrastructure projects.
UltraTech Cement has a long-standing commitment to sustainability and has developed a comprehensive approach to ensure that their operations are in harmony with nature. Its commitment to sustainability has been recognized by the UN Global Compact, the Cement Sustainability Initiative, and the Carbon Disclosure Project.
Stock history of UltraTech Cement
UltraTech Cement has been a part of the Indian stock market since its initial public offering in 2004. The company has seen a steady rise in stock prices over the years, with the stock reaching an all-time high of Rs. 4,890 in June 2020. The stock has also seen some dips in its price, most notably in 2008 and 2011 when it fell to its lowest level at Rs. 280. Over the last five years, the stock has been on a steady uptrend, with the stock price increasing by over 150%.
Currently, the stocks of UltraTech Cement are trading at Rs. 7,169 (as of February 2023).
Latest news about UltraTech Cement
➤ UltraTech Cement’s subsidiary has agreed to purchase 70% of the shares in the Duqm Cement Project for $2.25 million.
➤The outlook for the cement industry is optimistic, and Motilal Oswal has named Ultratech as one of its top three selections.
How to buy UltraTech Cement shares?
To purchase UltraTech Cement shares, one must first open an account with a broker and deposit funds with them. The broker will then place an order to buy the shares on the stock exchange. Once the order is placed, the investor will receive the shares and own them. The shares can then be sold at any time, allowing the investor to profit or lose based on the share price movement.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of UltraTech Cement: 2023 to 2030
Share Price Target 2023 of UltraTech Cement is ₹9,810.64
| When | Maximum Price | Minimum Price |
| January 2023 | ₹7,169.00 | ₹5,562.37 |
| February 2023 | ₹7,312.38 | ₹5,624.91 |
| March 2023 | ₹5,484.29 | ₹4,218.68 |
| April 2023 | ₹6,032.71 | ₹4,640.55 |
| May 2023 | ₹5,027.26 | ₹3,867.12 |
| June 2023 | ₹6,032.71 | ₹4,640.55 |
| July 2023 | ₹7,239.26 | ₹5,568.66 |
| August 2023 | ₹7,963.18 | ₹6,125.52 |
| September 2023 | ₹8,361.34 | ₹6,431.80 |
| October 2023 | ₹7,963.18 | ₹6,125.52 |
| November 2023 | ₹8,759.50 | ₹6,738.08 |
| December 2023 | ₹9,810.64 | ₹7,546.65 |
The table represents UltraTech Cement’s share price prediction for 2023, which suggests a bullish outlook for the company. According to the data, the maximum price for the year 2023 is expected to reach ₹9,810.64, while the minimum price is predicted to be ₹5,562.37.
This shows a significant growth potential, with an estimated growth percentage of approximately 80%. The share price is expected to follow an uptrend throughout the year, with the highest growth rate expected in the months of August, September and October.
The data presents a positive outlook for UltraTech Cement’s share price in 2023 and investors can expect a good return on their investment.
Share Price Target 2024 of UltraTech Cement is ₹13,735.32
| When | Maximum Price | Minimum Price |
| January 2024 | ₹10,326.99 | ₹7,943.84 |
| February 2024 | ₹11,603.36 | ₹9,669.47 |
| March 2024 | ₹12,214.06 | ₹9,930.13 |
| April 2024 | ₹11,103.69 | ₹8,541.30 |
| May 2024 | ₹9,253.08 | ₹7,117.75 |
| June 2024 | ₹11,103.69 | ₹8,541.30 |
| July 2024 | ₹9,438.14 | ₹7,316.39 |
| August 2024 | ₹10,381.95 | ₹8,239.65 |
| September 2024 | ₹10,901.05 | ₹8,385.42 |
| October 2024 | ₹12,824.77 | ₹9,865.20 |
| November 2024 | ₹13,466.00 | ₹10,358.46 |
| December 2024 | ₹13,735.32 | ₹10,565.63 |
The table represents UltraTech Cement’s share price prediction for 2024, which continues to show a positive outlook for the company. The maximum price for the year 2024 is expected to reach ₹13,735.32, while the minimum price is predicted to be ₹7,943.84.
This suggests a significant growth potential, with an estimated growth percentage of approximately 70%. The share price is expected to follow an uptrend throughout the year, with the highest growth rate expected in the months of October, November, and December.
The data presents a bullish outlook for UltraTech Cement’s share price in 2024 and investors can expect a good return on their investment. With a maximum price target of ₹13,735.32, UltraTech Cement is set to see significant growth in the coming year.
Share Price Target 2025 of UltraTech Cement is ₹16,661.16
| When | Maximum Price | Minimum Price |
| January 2025 | ₹14,010.03 | ₹10,776.95 |
| February 2025 | ₹14,747.40 | ₹11,344.15 |
| March 2025 | ₹15,484.77 | ₹11,911.36 |
| April 2025 | ₹13,825.69 | ₹10,635.14 |
| May 2025 | ₹12,568.81 | ₹9,668.31 |
| June 2025 | ₹13,825.69 | ₹10,635.14 |
| July 2025 | ₹13,167.32 | ₹10,128.71 |
| August 2025 | ₹13,715.96 | ₹10,550.74 |
| September 2025 | ₹14,401.76 | ₹11,078.28 |
| October 2025 | ₹15,265.86 | ₹11,742.97 |
| November 2025 | ₹16,334.47 | ₹12,564.98 |
| December 2025 | ₹16,661.16 | ₹12,816.28 |
The table represents UltraTech Cement’s share price prediction for 2025, which continues to show a upward trend for the company. The maximum price for the year 2025 is expected to reach ₹16,661.16, while the minimum price is predicted to be ₹10,776.95.
The data suggests a significant growth potential, with an estimated growth percentage of approximately 55%. The share price is expected to follow an uptrend throughout the year, with the highest growth rate expected in the months of November and December.
With a maximum price target of ₹16,661.16, UltraTech Cement is set to see significant growth in the coming year. The outlook for the cement industry remains optimistic, and Ultratech is considered to be one of the top three selections by Motilal Oswal.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹11,662.81 | ₹8,163.97 |
| 2027 | ₹9,913.39 | ₹6,939.37 |
| 2028 | ₹17,844.11 | ₹12,490.87 |
| 2029 | ₹36,654.56 | ₹25,658.19 |
| 2030 | ₹40,819.85 | ₹28,573.89 |
The UltraTech Cement share price is expected to reach ₹40,819.85 by the year 2030. This is based on the company’s optimistic performance and the anticipated growth in the cement industry. The company has been consistently posting positive results and is expected to perform well in the future. This is backed by the government’s push for infrastructure development, which is expected to increase the demand for cement. The company also has a strong presence across India, which should help it benefit from the expected growth in the industry.
Financial Condition of UltraTech Cement: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 30,978.62 | 41,462.26 | 42,429.89 | 44,725.80 | 52,598.83 |
| Expenses | 24,833.59 | 34,115.32 | 33,183.92 | 33,157.89 | 41,084.48 |
| Operating Profit | 6,145.03 | 7,346.94 | 9,245.97 | 11,567.91 | 11,514.35 |
| Other Income | 241.97 | 350.10 | 651.06 | 618.52 | 669.43 |
| Depreciation | 1,847.93 | 2,450.73 | 2,722.66 | 2,700.23 | 2,714.75 |
| Interest | 1,237.60 | 1,777.86 | 1,991.65 | 1,485.65 | 944.71 |
| Profit before tax | 3,301.47 | 3,468.45 | 5,182.72 | 8,000.55 | 8,524.32 |
| Tax | 1,077.01 | 1,068.07 | -568.16 | 2,538.70 | 1,190.06 |
| Net profit | 2,222.17 | 2,403.51 | 5,755.26 | 5,463.10 | 7,344.31 |
| EPS | 80.92 | 87.53 | 199.42 | 189.23 | 254.39 |
| Price to earning | 48.81 | 45.68 | 16.27 | 35.61 | 25.95 |
| Price | 3,950.00 | 3,998.35 | 3,244.85 | 6,737.95 | 6,602.30 |
| RATIOS: | |||||
| Dividend Payout | 12.98% | 13.14% | 6.52% | 19.55% | 14.94% |
| OPM | 19.84% | 17.72% | 21.79% | 25.86% | 21.89% |
UltraTech Cement has shown a remarkable growth over the last five years. The revenue has grown significantly, with the sales in March 2022 reaching a high of 52,598.83 compared to 30,978.62 in March 2018.
The operating profit has also seen an upward trend, reaching its maximum of 11,567.91 in March 2021. However, the operating margin has decreased from 19.84% in March 2018 to 21.89% in March 2022.
The company’s profit after tax (PAT) has increased from 2,222.17 in March 2018 to 7,344.31 in March 2022. The earnings per share (EPS) have also seen an impressive growth, with a maximum of 254.39 in March 2022 compared to 80.92 in March 2018.
The price to earnings ratio has fluctuated between 16.27 in March 2020 to 35.61 in March 2021. The dividend payout has also seen a fluctuation between 6.52% in March 2020 to 19.55% in March 2021.
In conclusion, UltraTech Cement has demonstrated steady revenue and profit growth, making it a profitable investment option.
FAQS
Will the share price of UltraTech Cement increase in 2023?
It is anticipated that UltraTech Cement per share price will increase to ₹9,810.64 by the end of 2023.
What is the share price target of UltraTech Cement for 2025?
The share price target of UltraTech Cement for 2025 might be around ₹16,661.16.
What is the share price target of UltraTech Cement for 2030?
The per share price of UltraTech Cement might reach around ₹40,819.85 by the end of 2030.
What is UltraTech Cement’s current market value?
As of February 2023, the UltraTech Cement stock price is ₹7,169, with a market capitalisation of 2.07 trillion INR.
Also read:
Polycab India Share Price Target: 2023 to 2030.
Tata Steel Share Price Target: 2023 to 2030.
L&T Share Price Target: 2023 to 2030.
Conclusion
In conclusion, UltraTech Cement’s stock price target for 2023 to 2030 is forecasted to be a positive one. This is due to the company’s strong financial performance, robust customer base and continued expansion into new markets. UltraTech Cement’s share price is likely to benefit from increased market demand as well as from the company’s strategic investments in research and development. As such, it is likely that UltraTech Cement’s share price will continue to rise in the coming years and is expected to reach its target price of ₹40,819.85 in the 2030s.
