Ultratech Cement gets buy rating, target price Rs 15,210

moneycontrol.com

Choice Institutional Equities has issued a "buy" rating on Ultratech Cement with a target price of Rs 15,210, as stated in a research report dated September 02, 2026. The brokerage views Ultratech's Rs 18 billion entry into the wires and cables segment as strategically positive, targeting a 6-7% market share by FY30. At full capacity around FY30-31, the business could generate annual revenue of Rs 90 billion with over 20% asset-level ROCE. The target price is based on a 3.8x FY28E EV/CE multiple, excluding potential value from the new venture. Ultratech remains the firm's preferred large-cap cement play due to strong earnings visibility and execution capabilities.


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Ultratech Cement gets buy rating, target price Rs 15,210 | News Minimalist