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UltraTech Cement stock: key metrics
ULTRACEMCO.NSUltraTech Cement had an operating margin of 14% and a return on invested capital (ROIC) of 9.7% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 53.7% | 24.8% | 15.8% |
| 2008 | 56.2% | 27.4% | 17.9% |
| 2009 | 51.3% | 22.0% | 14.9% |
| 2010 | 54.3% | 23.1% | 15.3% |
| 2011 | 53.9% | 12.4% | 9.9% |
| 2012 | 82.0% | 16.8% | 12.5% |
| 2013 | 81.7% | 17.9% | 12.6% |
| 2014 | 79.7% | 13.4% | 10.2% |
| 2015 | 60.1% | 31.7% | 8.7% |
| 2016 | 62.2% | 32.1% | 9.9% |
| 2017 | 63.3% | 33.4% | 10.7% |
| 2018 | 60.5% | 30.5% | 7.2% |
| 2019 | 58.7% | 27.9% | 5.8% |
| 2020 | 62.5% | 33.1% | 13.6% |
| 2021 | 65.5% | 37.7% | 12.2% |
| 2022 | 61.8% | 34.6% | 14.0% |
| 2023 | 55.4% | 28.8% | 8.0% |
| 2024 | 57.4% | 30.6% | 9.9% |
| 2025 | 57.7% | 29.8% | 8.0% |
| 2026 | 48.5% | 14.0% | 9.2% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 44.5% | 25.3% | 16.8% |
| 2008 | 37.4% | 27.2% | 16.1% |
| 2009 | 27.1% | 20.7% | 12.7% |
| 2010 | 23.7% | 19.4% | 13.1% |
| 2011 | 12.8% | 12.0% | 6.3% |
| 2012 | 18.7% | 14.7% | 9.7% |
| 2013 | 17.6% | 15.2% | 9.0% |
| 2014 | 12.8% | 11.3% | 6.9% |
| 2015 | 11.0% | 23.1% | 5.5% |
| 2016 | 11.8% | 22.2% | 6.1% |
| 2017 | 11.1% | 22.0% | 6.4% |
| 2018 | 8.4% | 18.5% | 3.9% |
| 2019 | 8.5% | 17.7% | 3.7% |
| 2020 | 14.7% | 26.1% | 7.3% |
| 2021 | 12.4% | 20.5% | 6.3% |
| 2022 | 14.6% | 28.7% | 8.8% |
| 2023 | 9.3% | 22.1% | 5.5% |
| 2024 | 11.6% | 26.4% | 6.9% |
| 2025 | 8.5% | 23.1% | 4.5% |
| 2026 | 10.7% | 9.7% | 5.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Jan 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.