UltraTech Cement Limited · NSE:ULTRACEMCO
UltraTech Cement — Investor Presentation (2025)
11 slides from UltraTech Cement's investor presentation, Oct 18, 2025
Slide 1: Speeding ahead towards Viksit Bharat 2047
UltraTech Cement Limited Speeding ahead towards Viksit Bharat 2047 Stock code: BSE: 532538 | NSE: ULTRACEMCO Reuters: UTCL.NS | Bloomberg: UTCEM IS/UTCEM LX 1
Slide 2: UltraTech is consistently outpacing the industry
UltraTech is consistently outpacing the industry India Capacity (mtpa) Grey Cement Volume (Mnt) 183.4 128.3 UltraTech UltraTech 112.8 140.8 Industry Industry 100.1 127.0 114.6 111.4 111.4 109.4 88.0 81.2 81.0 77.5 85.0 59.3 66.3 64.7 48.9 48.0 60.2 44.8 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 F
Slide 3: Efficiency + Execution = Market Leadership
Efficiency + Execution = Market Leadership India Capacity utilization Industry UltraTech 78% 75% 68% UltraTech 66% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 India Volume growth ~28% FY25 capacity share Industry UltraTech 14% 8% 3% 3% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY2
Slide 4: Translating efficiency & scale to sustainable profits
Translating efficiency & scale to sustainable profits Operating EBITDA Normalised PAT UltraTech^ UltraTech^ 12,620 12,296 6,905 10,965 10,936 6,193 10,286 5,601 5,433 4,951 8,652 3,633 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 5 year CAGR ~2% ~7% 5 year CAGR ~1% ~11% Industry * Ult
Slide 5: Long runway of growth ahead
1340-1350 1090-1100 1000-1010 955-965 790-800 420-470 430-440 PCCC* (kg) 360-380 Source : Industry estimates, Research reports, *PCCC: Per Capita Cement Consumption 369 310-330 ~303 250-270 World average: 470-520 kg 230-240 Long runway of growth ahead FY15 255 FY16 269 FY17 272 FY18 297 FY19 336 FY2
Slide 6: UltraTech's existing capacity reaching peak
UltraTech’s existing capacity reaching peak Capacity Utilization (North + Gujarat) 95% 90% 89% 85% 86% 83% 81% 79% 77% 70% FY16-17 FY18-19 FY20-21 FY22-23 FY24-25 Q4 Full Year 6
Slide 7: UltraTech poised for robust growth
UltraTech poised for robust growth We We We further Time for consolidated grew consolidated growth Grey Cement capacity (mtpa) 235.4 Clinker capacity (mtpa) 183.4 140.8 148.0 122.3 109.4 94.5 60.2 71.1 47.9 FY15 FY19 FY24 FY25 FY28E Volume growth: 39% Capacity Inorganic Growth Inorganic Growth EBITD
Slide 8: Phase IV of expansion plan
Phase IV of expansion plan Baga Grey cement capacity (mtpa) Bagheri Bathinda Rajpura Roorkee Panipat Exit Oct to Phase IV Exit Jhajjar Dadri Zones FY27 NKT Sikandrabad Aligarh Sep-25 Mar-26 FY28 Mar-28 Kotputli Shahjahanp ur Tanda Pali Lucknow Bhagalpur GU Guwahati North 36.3 3.0 2.7 18.0 60.0 Nathd
Slide 9: Expansion plan details (UltraTech: 22.2 mtpa; India Cements: 0.6mtpa)
Expansion plan details (UltraTech: 22.2 mtpa; India Cements: 0.6mtpa) Greenfield (G) Cement Capacity Clinker Location Particulars Capacity Brownfield (B) (mtpa) (mtpa) Phase IV Expansion: Brownfield expansion – North 8.04 Vikram, Madhya Pradesh B 1.4 Debottlenecking: Sehore, Madhya Pradesh G 3.0 Nor
Slide 10: Capex to be funded by internal accruals
Capex to be funded by internal accruals Capex Cost Return Net-debt/EBITDA UltraTech: ₹10,063 Crores >20% < 1x ~$52/t ICL: ₹192 Crores IRR (FY28) 10
Slide 11: Disclaimer
Disclaimer Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Impor