IDBI Capital: UltraTech Cement Eyeing Market Share
A worker transports cement in a wheel-barrow along a road in Ooty, India. (Photographer: Dhiraj Singh/Bloomberg)

IDBI Capital: UltraTech Cement Eyeing Market Share


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IDBI Capital Report

UltraTech Cement Ltd. has announced new capacity addition plan of 12.8 million tonnes and with this, it will add 19.5 million tonne capacity over FY20-23E.

On yearly basis, the company capacity will increase by 4% YoY each in FY21E/22E and 10% YoY in FY23E.

Post expansion, its market share by capacity will increase from 22% currently to 23-23.5% by FY23E.

Capex for new addition at Rs 55 billion will be funded from internal accruals.

In 19.5 million tonne addition, 70% plus of the capacity will be brownfield expansion and project cost will be less than 60/tonne U.S. dollar.

Click on the attachment to read the full report:

IDBI Capital Ultratech Cement Company Update.pdf


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