UltraTech Cement Limited (NSE:ULTRACEMCO)

UltraTech Cement Stock Forecast

Stock Price Forecast

According to 37 analysts polled by S&P Global, UltraTech Cement stock has a consensus rating of "Strong Buy" and an average price target of ₹13,622. The average 1-year stock price forecast is 15.29% higher than the current stock price, while the lowest is ₹8,900 (-24.68%) and the highest is ₹15,330 (+29.74%).

Price Target: ₹13,622 (+15.29%)

Analyst Consensus: Strong Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	₹8,900	₹13,622	₹13,880	₹15,330
Change	-24.68%	+15.29%	+17.47%	+29.74%

Analyst Ratings

The average analyst rating for UltraTech Cement stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	30	30	30	28	28	28
Buy	5	5	5	5	5	5
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	2	2	2
Total	39	39	39	37	37	37

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vijay Goel ICICI Securities	ICICI Securities	Buy Maintains ₹12,920	Buy	Maintains	₹12,920	+9.34%	Oct 22, 2026
Sanjay Mookim J.P. Morgan	J.P. Morgan	Buy Maintains ₹12,900	Buy	Maintains	₹12,900	+9.17%	Oct 22, 2026
Unknown Analyst Elara Securities No rating	Elara Securities	Buy Maintains ₹13,006	Buy	Maintains	₹13,006	+10.07%	Oct 21, 2026
Prateek Kumar Jefferies	Jefferies	Buy Maintains ₹14,065 → ₹14,380	Buy	Maintains	₹14,065 → ₹14,380	+21.70%	Oct 20, 2026

Financial Forecast

Revenue This Year

1.03T

Increased by 16.20%

from 885.12B

Revenue Next Year

1.14T

Increased by 11.09%

from 1.03T

EPS This Year

325.76

Increased by 28.14%

from 254.21

EPS Next Year

411.66

Increased by 26.37%

from 325.76

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	525.99B	632.40B	709.08B	759.55B	885.12B	1.03T
Revenue Growth	17.60%	20.23%	12.13%	7.12%	16.53%	16.20%
Operating Income	89.01B	77.54B	98.23B	85.43B	123.76B	144.87B
Net Income	73.44B	50.64B	70.05B	60.39B	81.66B	95.74B
EPS	-	-	-	-	254.21	325.76
EPS Growth	-	-	-	-	22.46%	28.14%
Forward PE	33.62	35.34	35.02	41.09	30.87	36.27
Dividend / Share	38.00	38.00	70.00	77.50	-	126.32
Free Cash Flow	-	-	-	-	58.05B	58.28B
No. Analysts	-	-	-	-	-	36

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	1.1T
Avg	1.0T
Low	983.8B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	23.3%
Avg	16.2%
Low	11.1%

EPS Forecast

Chart

EPS	2027	2028	2029
High	386.30
Avg	325.76
Low	275.91

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	52.0%
Avg	28.1%
Low	8.5%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Oct 22, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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