Free tools Windows power users keep installed
One-click scans. No signup required.
The fairest way to compare UltraTech Cement with ACC or another cement company is to build a quarter-by-quarter scorecard, not to rank companies by revenue alone. Use the same consolidation basis and quarter, then compare year-on-year and sequential changes in cement volume, EBITDA per tonne, operating margin, capacity utilisation, costs, leverage and capacity additions. Per-tonne profitability and utilisation usually reveal more about operating quality than absolute sales because cement companies differ greatly in scale.
Start with a like-for-like quarterly scorecard
Quarterly comparisons become misleading when one company reports consolidated figures and another reports standalone figures, or when an acquisition is included for only part of the period. Before entering numbers, record the reporting entity, consolidation basis, quarter end, currency, units and whether the company has restated earlier periods.
As an Amazon Associate I earn from qualifying purchases.
For every company, capture both the change from the same quarter a year earlier and the change from the immediately preceding quarter. Year-on-year comparisons reduce seasonality; sequential comparisons show the latest change in pricing, costs, demand and operating conditions. Mark each number as reported or normalized, and explain any difference.
The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →The core scorecard
| Area | Quarterly measures | What it helps answer |
|---|---|---|
| Growth | Consolidated revenue, revenue growth, cement sales volume and volume growth | Is demand, pricing or product mix improving? |
| Profitability | EBITDA or PBIDT, EBITDA/PBIDT per tonne and operating margin | How much profit is earned from each tonne and from each rupee of sales? |
| Utilisation | Capacity utilisation and available capacity | How effectively is the installed network being used? |
| Costs | Power and fuel, freight, alternative-fuel use and green-power share | Is the margin supported by a durable cost position? |
| Balance sheet | Net debt/EBITDA, capital expenditure and operating cash generation | Can expansion be funded without excessive financial risk? |
| Portfolio | Trade versus non-trade sales, premium products, regional exposure and acquisitions | Are mix and geography helping or obscuring the headline result? |
Keep a source note beside every cell. If a company does not disclose a comparable figure, write “not stated” rather than estimating it from a different definition.
#1 Best Overall
- [Ultra-Lightweight Ear Buds Designed for Small Ears] Each earbud weighs only 3.7g and features a compact, ergonomic in-ear design made especially for small ears. Secure, low-profile, and comfortable for workouts, all-day wear or overnight sleeping.The ultra-slim profile sits flush in your ear with no hard edges poking or rubbing, so you can even sleep on your side without discomfort.
- [Immersive Stereo Sound with TOZO OrigX Technology] TOZO OrigX tuning delivers clear vocals, balanced mids, and natural stereo sound for music, podcasts, and videos.
- [Long Battery Life for Daily Use] Get up to 7 hours of playtime on a single charge, with up to 32 hours total using the charging case—ideal for workdays, commuting, and extended listening sessions.
- [Bluetooth 5.3 & Stable Connection] Bluetooth 5.3 provides fast pairing, stable wireless performance, and reduced dropouts as you move around home or office.
- [Deep Bass with Clear Vocals] High-performance drivers produce punchy bass while keeping vocals clean and detailed for everyday listening.
What UltraTech’s latest quarters show
Q4 FY26: quarter ended 31 March 2026
UltraTech Cement’s official Q4 FY26 release reported consolidated net sales of ₹25,467 crore, compared with ₹22,788 crore in Q4 FY25. PBIDT was ₹5,688 crore versus ₹4,721 crore, and normalized profit after tax was ₹3,011 crore versus ₹2,484 crore. The company reported operating PBIDT per tonne of ₹1,253 and an operating margin of 22%.
India grey-cement sales volume was 42.41 million tonnes, with capacity utilisation of 89%. The volume and utilisation figures are particularly useful when testing whether higher profit came from selling more cement, earning more per tonne, or both. The release’s volume measure is identified as India grey cement, so do not silently compare it with a peer’s differently defined consolidated volume.
Q3 FY26: quarter ended 31 December 2025
UltraTech reported consolidated net sales of ₹21,506 crore, PBIDT of ₹4,051 crore and normalized PAT of ₹1,792 crore in Q3 FY26. Overall utilisation was 77%, and operating EBITDA per tonne was ₹1,051 excluding India Cements.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
On a simple arithmetic basis, Q4 sales were about 18.4% higher than Q3 and PBIDT about 40.4% higher. Those sequential percentages are directional, not a pure operating comparison: the Q3 release says the results were restated after the Kesoram scheme, and some year-on-year comparisons exclude India Cements and Kesoram because they were not part of UltraTech for the full prior period. The Q3 per-tonne figure also excludes India Cements, while the Q4 figure must be checked against the exact scope stated in the Q4 release before calculating a trend.
Scale and leverage context for FY26
UltraTech’s FY26 India grey-cement volume was 145.0 million tonnes. After additions made in April 2026, domestic grey-cement capacity was 200.1 MTPA; global capacity including international operations was 205.5 MTPA. Net debt/EBITDA was 0.94x at 31 March 2026.
Rank #2
- 【IP68 Waterproof Multifunctinal Smart Watch】Torjalph fitness activity tracker smart watch is IP68 waterproof technology ,you can wear it when swimming,handwashing,it's rain-proof which means that you perform multiple exercise modes outside without worrying about sweat or rain corroding your fitness smart watch,and this watch equipped with a 230 mAh large capacity battery magnetic charging ,and this sports activity tracker watch can be used 5-7 days If fully charged.
- 【Larger 1.83'' Full Screen Watch & Multi-dial Selection】1.83 inch full HD color touch screen smart watch for men / women provides excellent 240*284 resolution image quality ,This Bluetooth smart watch offers a better touch experience and remarkable immersion and ,more than 200 watch faces for you to choose from App"Da Fit ", you can change the dial style according to your mood to wear keeping the world on your wrist
- 【Accurate Activity Tracker Smart Watch 】sports watch activity tracker uses sweat and dust resistant breathable silicone strap, our Fitness Tracker Smart Watch for Android iOS Phones supports 12 sports modes,walking,running,bicycle,swimming,badminton,basketball,football,rope skipping. This bluetooth calls smart watch for men women is lightweight and stylish, bringing more convenient and relaxing sports experience while also providing more protection.
- 【Your 24 Hour Personal Daily Health Monitor】Fitness watch for women men full touch screen IP67 waterproof bluetooth smartwatch for Android iOS Phones with heart rate blood pressure monitor multifunction Andriod smart watch with steps counter sleep monitor sports fitness watch, monitoring blood oxygen saturation allows you to understand your physical condition in real time to track fitness progress ,to know your health status in time.
- 【More Functions Bluetooth Call Smart Watch】This fitness activity smart watch full screen for iPhone and Android phones includes a bunch of new features including:The bluetooth smart watch can hang up the phone, receive and display WhatsAPP /Text /Facebook /Twitter /Messenger reminder.Support sedentary reminder, alarm clock, stopwatch, timer,weather information,music control, remote camera control compatible with Android 5.0 and above or iOS 9.0 and above smartphones.
These figures establish scale and financial capacity, not automatic superiority. A very large network can have a lower cost in some regions while also carrying newly commissioned capacity that temporarily depresses utilisation. Always pair scale with EBITDA per tonne, utilisation and cash generation.
ACC provides a directly comparable peer example
ACC Q4 FY26
ACC reported Q4 FY26 cement volume of 11.9 million tonnes, revenue of ₹7,146 crore, operating EBITDA of ₹627 crore, EBITDA per tonne of ₹525, operating margin of 8.8% and capacity utilisation of about 80%.
Quick wins for a faster PC:
Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →| Q4 FY26 metric | UltraTech | ACC | Comparison caution |
|---|---|---|---|
| Revenue or net sales | ₹25,467 crore consolidated net sales | ₹7,146 crore revenue | Confirm that both figures use the same consolidation and revenue definition. |
| Cement volume | 42.41 million tonnes India grey-cement sales volume | 11.9 million tonnes cement volume | Geographic and product scope may differ. |
| EBITDA/PBIDT | ₹5,688 crore PBIDT | ₹627 crore operating EBITDA | PBIDT and operating EBITDA are not interchangeable without checking company definitions. |
| Per-tonne profitability | ₹1,253 operating PBIDT per tonne | ₹525 EBITDA per tonne | Use the same scope and accounting definition before ranking. |
| Operating margin | 22% | 8.8% | Margins can reflect mix, geography, fuel, freight and exceptional items. |
| Capacity utilisation | 89% | About 80% | Interpret alongside commissioning and maintenance downtime. |
On the reported numbers, UltraTech shows higher per-tonne profitability, margin and utilisation. That is a useful starting observation, not a complete investment conclusion: the companies may have different consolidation scopes, product mixes, regional exposure and definitions of operating earnings.
ACC FY26 context
For FY26, ACC reported 43.9 million tonnes of volume, ₹25,962 crore of revenue, ₹2,950 crore of operating EBITDA and ₹672 EBITDA per tonne. Annual figures help identify whether a quarter is representative, but they should not replace the quarter-by-quarter series. A strong annual number can conceal a deteriorating latest quarter, while a weak year can include a recent recovery.
ACC Whole-Time Director and CEO Vinod Bahety described the performance as being supported by brand penetration and disciplined execution amid global volatility and energy-cost pressures. Management commentary is useful context, but test it against the actual trend in fuel cost, freight, utilisation and per-tonne EBITDA.
Rank #3
- [Low Noise High Fidelity] New bee guitar cord with 22AWG oxygen-free-copper center conductors provides enhanced signal transfer, the PVC insulation material and the high-density stranded copper double shield provide noise rejection for quiet operation
- [Ideal for Choice] New bee 1/4 straight and right angle metal connectors, ensures a secure connection in any instrument, pedal, or amp jack. L shape great fro on stage guitar stands
- [Wide Compatible] Suitable for mixer, power amplifier, microphone, effector, decoder, equalizer, electoronic organ, electric guitar, electric bass and other electronic equipments. Widely used in the installation of smart home, karaoke speaker, professional stage audio, etc
- [Easy Disassemble] Making incidental repairs quick and easy! Very nice, flexible cable
- [Dont Hesite to Order] 24 hours customer services and professional technology team are standing by
How to calculate and interpret the most important metrics
Revenue and volume growth
Calculate year-on-year revenue growth as (current-quarter revenue ÷ year-ago-quarter revenue) − 1. Calculate volume growth the same way. Then compare the two: revenue growing faster than volume can indicate better pricing or mix; volume growing faster than revenue can indicate price cuts, weaker mix or a change in geographic composition.
Also calculate sequential growth against the preceding quarter. Explain seasonality, monsoon effects, holidays, maintenance shutdowns and regional demand before treating a sequential move as a structural trend.
EBITDA or PBIDT per tonne
Per-tonne earnings are usually the clearest cross-company profitability measure because they remove much of the scale distortion. Use the company’s disclosed operating EBITDA/PBIDT per tonne where possible. If you calculate it yourself, divide the correctly scoped operating earnings by the matching cement volume and state whether the denominator includes clinker, ready-mix concrete, international operations or acquired businesses.
A high figure can result from premium products, favourable regional pricing or a temporary cost benefit. Check at least three to four quarters, together with energy, freight and mix disclosures, before calling it a durable advantage.
Operating margin
Operating margin is operating EBITDA or PBIDT divided by the relevant revenue base. It shows how much of each rupee of sales remains after operating costs, but it is sensitive to revenue definitions and non-cement businesses. Use the company’s stated operating margin and reconcile any difference between that denominator and consolidated revenue.
Recommended Free Tools
Rank #4
- Digital Family Calendar: BSIMB digital calendar wall touch screen puts an end to your chaotic life. Designed for busy families, the digital calendar keeps you organised and in step with your family. Assign different colours and tasks to each family member to make family scheduling easier and more intuitive.
- Easy Setup and Auto-Sync: Plug in, connect to WLAN and auto-syn your electric calendar in minutes. Digital wall calendar compatible with Google calendar, iCloud calendar, Outlook calendar, Cozi calendar and Yahoo calendar. Add events directly on the device or through the ecalendar app. Electronic calendar stays current whether you're at work or traveling—no manual updates needed.
- All-In-One Home Assistant: Smart calendar builds habits and encourage independence with personalised chores. Display daily meal plan to reduce the daily ‘What's for dinner?’ stress. To-do lists keep track of everything you want. Turning chores into valuable achievements with stars and rewards, making life easier and more enjoyable.
- Manage Anytime Anywhere: BSIMB electronic calendar for family stay connected with the powerful ecalendar app. Access and manage your digital wall calendar anytime, anywhere with free features like stars & rewards, photo screensaver, chore charts, meals plans, to-do lists etc. Electronic planner paid features like Magic Import tailor advanced tools for users with special needs.
- Stay in Touch with Loved Ones: Share photos or videos from your phone to electronic wall calendar with app, instantly update your life moment, and keep in touch with your family, especially those who are far away; you can also surprise your smart calendar digital wall by sending him a wish card; it's also great for keeping tech-illiterate elders in touch with the youngsters.
Capacity utilisation
Utilisation indicates how much installed capacity is being used. A high rate can support fixed-cost absorption, but it may also precede a need for additional capacity. A low rate is not automatically negative when a plant has just been commissioned, is undergoing maintenance or serves a temporarily weak region.
Read utilisation with volume, pricing and per-tonne EBITDA. High utilisation with weak per-tonne earnings can signal aggressive pricing or cost pressure. Strong per-tonne earnings with low utilisation may reflect a premium mix or temporary pricing and needs confirmation over subsequent quarters.
Power, fuel, freight and alternative fuel
Cement economics are highly exposed to electricity, thermal fuel and logistics. Track reported power-and-fuel cost per tonne where disclosed, freight cost per tonne, alternative-fuel substitution and waste-heat or renewable-power use. A company with a lower headline margin may be investing in efficiency that improves later quarters, while a margin boosted by a one-off fuel decline may not persist.
Green-power share belongs in the same cost review. Renewable power, waste-heat recovery and alternative fuels can reduce exposure to volatile fossil-fuel prices, but compare the percentage, accounting treatment and period consistently. Do not infer a lower cost solely from a higher green-power share.
Net debt/EBITDA and cash generation
Net debt/EBITDA links borrowing to operating earnings. UltraTech’s 0.94x at 31 March 2026 provides a leverage reference, but it is a point-in-time measure. Pair it with capital expenditure, interest expense, operating cash flow and committed expansion. New plants can raise debt before contributing a full quarter of earnings.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Adjust for acquisitions, schemes and new capacity
Corporate actions are the most common reason a quarterly comparison looks better than the underlying operation. Create an adjustment log with four entries:
- Scope: list subsidiaries, acquired businesses and discontinued operations included in each quarter.
- Restatement: identify whether the company recast prior periods after a scheme or merger.
- One-offs: separate exceptional gains, restructuring charges, impairment, insurance proceeds and unusual income.
- Capacity timing: note the commissioning date and ramp-up period for each major addition.
UltraTech’s Q3 FY26 release specifically notes restatement after the Kesoram scheme and limitations in year-on-year comparisons involving India Cements and Kesoram. Those qualifications must remain attached to any chart or ratio derived from the release.
Capacity additions create a two-sided effect. They can increase future volume and lower unit costs once mature, but they also increase depreciation, fixed costs and spare capacity during ramp-up. Compare utilisation on the old and expanded base where management provides both; otherwise label the denominator and avoid claiming that a short-term decline proves weaker demand.
Build a quarterly comparison worksheet
A practical spreadsheet can use one row per company and quarter, with separate columns for reported and normalized values. Freeze the definitions before entering numbers.
- Set the period: use the same quarter end, such as 31 March 2026 for Q4 FY26.
- Set the scope: choose consolidated or standalone and apply it to every company in the comparison.
- Enter activity: revenue, cement volume, year-on-year volume growth and sequential volume growth.
- Enter earnings: operating EBITDA/PBIDT, per-tonne earnings and operating margin.
- Enter operations: utilisation, installed capacity, commissioning dates and maintenance events.
- Enter costs: power and fuel, freight, alternative-fuel rate and green-power share when disclosed.
- Enter financing: net debt/EBITDA, capex and operating cash flow.
- Annotate: mark acquisition effects, restatements, exceptional items and definition changes.
- Score only after reconciliation: rank growth, profitability, utilisation, cost resilience and balance-sheet risk separately before forming an overall view.
Use a traffic-light system only as a visual aid. A green result should mean “better on this defined metric for this quarter,” not “better stock.” Keep the underlying number visible so a reader can challenge the interpretation.
Common mistakes that produce false comparisons
- Ranking by revenue: large companies naturally lead; revenue says little about per-tonne economics.
- Mixing reported and normalized profit: an exceptional gain can inflate one company’s apparent margin.
- Ignoring scope: consolidated volume cannot be divided by standalone EBITDA.
- Comparing different quarters: seasonality and fuel prices can overwhelm operating differences.
- Treating utilisation as efficiency: a full plant can still earn weak margins if pricing or costs are poor.
- Ignoring capacity additions: a newly expanded denominator can lower utilisation before demand catches up.
- Using annual data for a quarterly decision: full-year averages hide turning points.
- Assuming management commentary is proof: test claims about execution or cost pressure against disclosed metrics.
How to read the result as an investor
After reconciling the data, ask three separate questions. First, is the company growing profitably? That requires volume growth accompanied by stable or improving per-tonne EBITDA. Second, is the advantage durable? Look for repeatable fuel, freight, mix and green-power benefits rather than a single favourable quarter. Third, can the balance sheet support expansion? Compare leverage and cash generation with the announced capacity pipeline.
For the Q4 FY26 figures shown here, UltraTech’s reported ₹1,253 operating PBIDT per tonne, 22% operating margin and 89% utilisation are stronger headline operating indicators than ACC’s ₹525 EBITDA per tonne, 8.8% margin and approximately 80% utilisation. The comparison still requires definition checks because UltraTech reports PBIDT and India grey-cement volume, while ACC reports operating EBITDA and cement volume. Treat the difference as evidence to investigate, not as a standalone buy or sell signal.
Repeat the worksheet every quarter and replace provisional interpretations when the next exchange filing clarifies restatements, acquisitions or cost definitions. Corporate structures and operating conditions can change quickly, so the latest filing should always control the final comparison.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
