UltraTech Cement (ULTRACEMCO) — Announcement

📢 Key Event
Crisil assigns AAA/Stable rating to UltraTech Cement's Rs 2,000 crore NCDs

🔮 What's Next
Below 1.0x

💡 Investor Takeaway
The stable rating and improving leverage metrics signal financial resilience, supporting long-term shareholder value amid expansion.

⚠️ Risks
sector cyclicality and input cost volatility

UltraTech Cement secured a Crisil AAA/Stable rating for its Rs 2,000 crore non-convertible debentures, reaffirming its strong market position and profitability with EBITDA per tonne at Rs 1,103 in FY2026. The rating highlights robust financial metrics, including a net debt/EBITDA ratio of 1.1x, and expects it to stay below 1.0x in FY2027 despite Rs 30,000 crore planned capex. Strengths include dominant capacity (205.5 mtpa) and strategic diversification, while sector cyclicality and input cost volatility remain concerns. The stable outlook underscores confidence in sustained credit quality amid expansion.

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About UltraTech Cement Limited (ULTRACEMCO)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹3,38,497.96 Cr P/E: 44.1 ROE: 10.8% ROCE: 12.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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