ULTRACEMCO · NSE
UltraTech Cement
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
16.5%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
35.6%
Operating cash flow
₹15316 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-07-29
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹88512 Cr. Net profit ends at ₹8188 Cr. Operating cash flow ends at ₹15316 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹44726 Cr | ₹5462 Cr | ₹12500 Cr |
| Mar 2022 | ₹52599 Cr | ₹7334 Cr | ₹9283 Cr |
| Mar 2023 | ₹63240 Cr | ₹5073 Cr | ₹9069 Cr |
| Mar 2024 | ₹70908 Cr | ₹7004 Cr | ₹10898 Cr |
| Mar 2025 | ₹75955 Cr | ₹6040 Cr | ₹10673 Cr |
| Mar 2026 | ₹88512 Cr | ₹8188 Cr | ₹15316 Cr |
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