Ultratech Cement slides on concerns of squeeze in margins going forward

24 Apr 2012

Ultratech Cement is currently trading at Rs 1460.00, down by 6.60 points or 0.45% from its previous closing of Rs 1466.60 on the BSE.

The scrip opened at Rs 1490.00 and has touched a high and low of Rs 1492.30 and Rs 1456.65 respectively. So far 3798 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1542.10 on 21-Mar-2012 and a 52 week low of Rs 916.40 on 20-Jun-2011.

Last one week high and low of the scrip stood at Rs 1503.00 and Rs 1435.90 respectively. The current market cap of the company is Rs 40321.86 crore.

The promoters holding in the company stood at 63.34% while Institutions and Non-Institutions held 23.19% and 11.45% respectively.

UltraTech Cement, the country’s largest cement company with a capacity of 52 million tonne a year, has reported a rise of about 19% in its net profit at Rs 867 crore for the March quarter as compared to Rs 726 crore, beating estimates on higher volumes. The company’s net sales rose 18.8% over the same period to Rs 5,337 crore.

The company has posted 74.20% rise in its net profit at Rs 2,446.19 crore for the year under review as compared to Rs 1,404.23 crore in the previous year. Total income rose 38.74% to Rs 18,685.00 crore for FY12 as compared to Rs 13,468.03 crore in FY11.

Demand for cement in India, the world’s largest producer after China, is expected to rise 7-8% this year as lower interest rates help to kick-start construction activity, but rising costs would force companies to increase prices to protect margins.

Part of the diversified Aditya Birla Group, UltraTech competes with Holcim-controlled ACC and Ambuja Cement as well as Jaiprakash Associates in the Indian market.

Related Ultratech Cement Ltd. Links:

Ultratech Cement Share Price

6402.00 109.55 (1.74%) May 06, 15:17
1 Year Price Chart
Company Name CMP
Ultratech Cement 6402.00
ACC 1895.10
Shree Cement 27661.45
Ambuja Cement 313.80
Dalmia Bharat 1568.00
View more..
Sensex vs Ultratech Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323