UltraTech Cement Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, UltraTech Cement stock has a consensus rating of "Strong Buy" and an average price target of ₹13,689. The average 1-year stock price forecast is 20.16% higher than the current stock price, while the lowest is ₹8,350 (-26.70%) and the highest is ₹15,300 (+34.30%).

Price Target: ₹13,689 (+20.16%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	₹8,350	₹13,689	₹13,835	₹15,300
Change	-26.70%	+20.16%	+21.44%	+34.30%

* Price targets were last updated on Apr 28, 2026.

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

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	29	28	28	30	30	30
Buy	5	5	4	5	5	5
Hold	3	3	3	2	2	2
Sell	1	1	1	0	0	0
Strong Sell	2	2	2	2	2	2
Total	40	39	38	39	39	39

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Prateek Kumar Jefferies	Jefferies	Buy Maintains ₹14,025 → ₹14,050	Buy	Maintains	₹14,025 → ₹14,050	+23.33%	Apr 28, 2026
Sanjay Mookim J.P. Morgan	J.P. Morgan	Buy Maintains ₹13,300	Buy	Maintains	₹13,300	+16.75%	Apr 28, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Buy Maintains ₹14,200 → ₹15,000	Buy	Maintains	₹14,200 → ₹15,000	+31.67%	Feb 27, 2026
Vijay Goel ICICI Securities	ICICI Securities	Buy Maintains ₹15,000	Buy	Maintains	₹15,000	+31.67%	Jan 26, 2026

Financial Forecast

Revenue This Year

993.87B

from 885.12B

12.29%

from 885.12B

Revenue Next Year

1.11T

from 993.87B

11.34%

from 993.87B

EPS This Year

332.15

from 254.21

30.66%

from 254.21

EPS Next Year

423.78

from 332.15

27.59%

from 332.15

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	993.87B
Revenue Growth	17.60%	20.23%	12.13%	7.12%	16.53%	12.29%
Gross Profit	324.97B	350.34B	407.22B	438.32B	517.26B	809.01B
Gross Margin	61.78%	55.40%	57.43%	57.71%	58.44%	81.40%
Operating Income	89.01B	77.54B	98.23B	85.87B	123.76B	142.82B
Net Income	73.44B	50.64B	70.05B	60.39B	81.66B	98.05B
EPS	-	-	-	-	254.21	332.15
EPS Growth	-	-	-	-	22.46%	30.66%
Forward PE	33.62	35.34	35.02	41.09	30.87	34.30
Dividend / Share	38.00	38.00	70.00	77.50	-	115.07
Free Cash Flow	27.10B	30.92B	-4.33B	1.05B	18.16B	59.27B
No. Analysts	-	-	-	-	-	39

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

Revenue Forecast

Revenue	2027	2028	2029
High	1.1T
Avg	993.9B
Low	924.0B

Revenue Growth

Revenue Growth	2027	2028	2029
High	18.9%
Avg	12.3%
Low	4.4%

EPS Forecast

EPS	2027	2028	2029
High	391.00
Avg	332.15
Low	266.00

EPS Growth

EPS Growth	2027	2028	2029
High	53.8%
Avg	30.7%
Low	4.6%