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UltraTech Cement Valuation Multiples
Discover revenue and EBITDA valuation multiples for UltraTech Cement and similar public comparables like Martin Marietta Materials, Vulcan Materials, Heidelberg Materials, Amrize and more.
UltraTech Cement Overview
About UltraTech Cement
UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries. Geographically, it operates in India as well as in other countries, of which India derives key revenue.
Founded
2000
HQ

Employees
28.1K
Website
Sectors
Financials (LTM)
EV
$39B
UltraTech Cement Financials
UltraTech Cement reported last 12-month revenue of $9B and EBITDA of $2B.
In the same LTM period, UltraTech Cement generated $8B in gross profit, $2B in EBITDA, and $892M in net income.
Revenue (LTM)
UltraTech Cement P&L
In the most recent fiscal year, UltraTech Cement reported revenue of $9B and EBITDA of $1B.
UltraTech Cement expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $892M | XXX | $710M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
UltraTech Cement Stock Performance
UltraTech Cement has current market cap of $37B, and enterprise value of $39B.
Market Cap Evolution
UltraTech Cement's stock price is $126.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39B | $37B | 4.3% | XXX | XXX | XXX | $2.41 |
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Start Free TrialUltraTech Cement Valuation Multiples
UltraTech Cement trades at 4.1x EV/Revenue multiple, and 21.8x EV/EBITDA.
EV / Revenue (LTM)
UltraTech Cement Financial Valuation Multiples
As of April 16, 2026, UltraTech Cement has market cap of $37B and EV of $39B.
Equity research analysts estimate UltraTech Cement's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
UltraTech Cement has a P/E ratio of 41.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $37B | XXX | $37B | XXX | XXX | XXX |
| EV (current) | $39B | XXX | $39B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 21.8x | XXX | 26.6x | XXX | XXX | XXX |
| EV/EBIT | 29.7x | XXX | 38.6x | XXX | XXX | XXX |
| EV/Gross Profit | 5.2x | XXX | 6.4x | XXX | XXX | XXX |
| P/E | 41.6x | XXX | 52.3x | XXX | XXX | XXX |
| EV/FCF | 84.0x | XXX | 236.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified UltraTech Cement Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


UltraTech Cement Margins & Growth Rates
UltraTech Cement's revenue in the last 12 month grew by 12%.
UltraTech Cement's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
UltraTech Cement's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
UltraTech Cement's rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
UltraTech Cement Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 60% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
UltraTech Cement Public Comps
See public comps and valuation multiples for other Building Materials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| UltraTech Cement | XXX | XXX | XXX | XXX | XXX | XXX |
| Martin Marietta Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| Vulcan Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| Heidelberg Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| Amrize | XXX | XXX | XXX | XXX | XXX | XXX |
| Holcim | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
UltraTech Cement M&A Activity
UltraTech Cement acquired XXX companies to date.
Last acquisition by UltraTech Cement was on XXXXXXXX, XXXXX. UltraTech Cement acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by UltraTech Cement
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialUltraTech Cement Investment Activity
UltraTech Cement invested in XXX companies to date.
UltraTech Cement made its latest investment on XXXXXXXX, XXXXX. UltraTech Cement invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by UltraTech Cement
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout UltraTech Cement
| When was UltraTech Cement founded? | UltraTech Cement was founded in 2000. |
| Where is UltraTech Cement headquartered? | UltraTech Cement is headquartered in India. |
| How many employees does UltraTech Cement have? | As of today, UltraTech Cement has over 28K employees. |
| Is UltraTech Cement publicly listed? | Yes, UltraTech Cement is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of UltraTech Cement? | UltraTech Cement trades under ULTRACEMCO ticker. |
| When did UltraTech Cement go public? | UltraTech Cement went public in 2004. |
| Who are competitors of UltraTech Cement? | UltraTech Cement main competitors are Martin Marietta Materials, Vulcan Materials, Heidelberg Materials, Amrize. |
| What is the current market cap of UltraTech Cement? | UltraTech Cement's current market cap is $37B. |
| What is the current revenue of UltraTech Cement? | UltraTech Cement's last 12 months revenue is $9B. |
| What is the current revenue growth of UltraTech Cement? | UltraTech Cement revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of UltraTech Cement? | Current revenue multiple of UltraTech Cement is 4.1x. |
| Is UltraTech Cement profitable? | Yes, UltraTech Cement is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of UltraTech Cement? | UltraTech Cement's last 12 months EBITDA is $2B. |
| What is UltraTech Cement's EBITDA margin? | UltraTech Cement's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of UltraTech Cement? | Current EBITDA multiple of UltraTech Cement is 21.8x. |
| What is the current FCF of UltraTech Cement? | UltraTech Cement's last 12 months FCF is $468M. |
| What is UltraTech Cement's FCF margin? | UltraTech Cement's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of UltraTech Cement? | Current FCF multiple of UltraTech Cement is 84.0x. |
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