Ultratech Cement

Part of Aditya Birla Group, UltraTech Cement Limited is India's largest manufacturer of grey cement ready mix concrete (RMC) and white cement. The company has over 230 ready-mix concrete (RMC) plants in more than 100 cities. It markets white cement under the brand name Birla White.

UltraTech has a strong international presence with manufacturing facilities in Sri Lanka, UAE and Bahrain, apart from India. The cement company’s manufacturing facilities include 24 integrated units, three putty and 29 grinding units and 8 bulk packaging terminals.

The company is India’s largest cement exporter, catering to demands in countries in the Indian Ocean and the Middle East.

Initially, it was a subsidiary of Larsen & Toubro Limited as L&T Cement Limited. It was renamed to UltraTech Chem Co. Limited in 2003. The next year, the cement business of Larsen & Toubro Ltd was demerged and transferred to the company with effect from April 1, 2003. In July 2004, Grasim Industries Ltd acquired management control of the company and in October it was renamed UltraTech Cement Ltd.

The company pioneered the UltraTech Building Solutions concept to provide individuals with a one-stop-shop solution for building their homes. UltraTech Building Solutions is the first of its type pan-India multi-category retail chain catering to the needs of individual home builders.

UltraTech Cement business operations

UltraTech Cement’s network covers over 30,000 dealers, 89,000 retailers and 3,450 UltraTech Building Solutions outlets

A founding member of the Global Cement and Concrete Association (GCCA), UltraTech Cement is a signatory to the GCCA Climate Ambition 2050. The firm has committed to the net zero concrete roadmap announced by GCCA. Adopting new-age tools like the science-based targets initiative and internal carbon price, UtraTech Cements has set environmental safeguard targets.

In 2020, the company commissioned 33MW of Waste Heat Recovery System capacity.

In FY 2023, the cement giant commissioned a total of 12.4 MTPA of new grey cement capacity at Dalla in Uttar Pradesh, Dhule in Maharashtra, Dhar in Madhya Pradesh, Pali in Rajasthan, Jharsuguda in Odisha, Hirmi in Chhattisgarh and Cuttack in Odisha.

The company also commissioned a 2.2 MTPA brownfield cement capacity at Patliputra Bihar in April 2023. A third Birla White wall care putty plant was commissioned during the year at Nathdwara, Rajasthan.

It launched two new products – UltraTech Durafacad and UltraTech Corroprotect – in FY 2023.

UltraTech Ltd market capitalisation stands at over ₹2.88 lakh crore as of December 19, 2023. UtraTech Cement share price has surged over 94% in the last three years.

Financial Highlights

• The company’s net revenue in FY 2022-23 stood at ₹63,240 crore compared to ₹52,599 crore in FY 2021-22. • The cement producer’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) dropped to ₹11,123 crore in FY23 compared to ₹12,022 crore in FY22. • Profit after tax (PAT) declined to ₹5,064 crore in FY23 as against ₹5,667 crore in FY22. • Earnings per share dropped to ₹175.63 in FY 2022-23 as against ₹ 196.46 in FY22. • UltraTech Cement made a total capital expenditure of ₹70,535 crore in FY23.