UltraTech Cement Limited (ULTRACEMCO) — Announcement

📢 Key Event
CARE Ratings reaffirmed UltraTech Cement's AAA; Stable rating for long-term and short-term facilities.

🔄 What Changed
Debt coverage improved from 1.89x to 1.38x; interest coverage rose to 9.09x; net worth grew from ₹56,180 crore

🔮 What's Next
85% green power capacity by FY30; 100% renewable target by 2050; 37 MTPA planned capacity addition by FY28

💡 Investor Takeaway
The stable AAA rating and improving financial metrics validate UltraTech's strong market position and capacity expansion, supporting long-term shareholder confidence.

UltraTech Cement reaffirmed its CARE AAA; Stable rating for long-term and short-term facilities, reflecting strong capital structure and liquidity. The company expanded capacity to 205.5 MTPA globally and grew net worth to ₹62,917 crore by March 2026, with debt coverage improving to 1.38x. ESG targets include 85% green power by FY30 and 100% by 2050. Risks remain cyclical demand and input cost volatility.

📄 View Original Announcement (PDF)

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