Udaipur Cement Works Ltd. (UDAICEMENT) AI Stock Analysis

• Market Cap: ₹20.29B
• Dividend Yield: N/A
• Average Volume (3M): 90.82K
• Price to Earnings (P/E): 134.7
• Beta (1Y): 1.16
• Revenue Growth: 26.55%
• EPS Growth: -77.02%
• Country: IN
• Employees: 330
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Construction Materials
• EPS (TTM): 0.71
• Shares Outstanding: 560,537,660
• 10 Day Avg. Volume: 42,797
• 30 Day Avg. Volume: 90,824
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹36.00
• Price Target Upside: -0.53% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: ₹36.00 ▼(-0.53% Downside)

Udaipur Cement Works Ltd. presents a mixed outlook with strong financial performance and bullish technical indicators, but faces valuation concerns due to a high P/E ratio and overbought signals. The absence of a dividend yield and high leverage further constrain the stock's appeal.

Udaipur Cement Works Ltd. Business Overview & Revenue Model

Company Description

Udaipur Cement Works Ltd. (UDAICEMENT) is a leading Indian cement manufacturing company based in Udaipur, Rajasthan. As part of the JK Lakshmi Cement group, the company specializes in producing a variety of cement products, including Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC). The company is committed to providing high-quality cement solutions for infrastructure and construction projects, serving a diverse clientele ranging from individual home builders to large-scale contractors.

How the Company Makes Money

Udaipur Cement Works Ltd. generates revenue primarily through the production and sale of cement products. The company operates manufacturing plants that produce cement, which is then distributed through a network of dealers and distributors across various regions. Key revenue streams include domestic sales to the construction and infrastructure sectors, as well as exports to neighboring countries. The company may also engage in strategic partnerships with construction firms and government projects to secure large volume contracts. Additionally, Udaipur Cement Works Ltd. focuses on operational efficiency and cost management to enhance profitability, leveraging its affiliation with JK Lakshmi Cement to optimize supply chain and distribution networks.

Udaipur Cement Works Ltd. Financial Statement Overview

Summary

Udaipur Cement Works Ltd. has demonstrated strong revenue growth and operational efficiency, but faces challenges with high leverage and negative Free Cash Flow due to capital investments. These factors highlight the need for careful management of debt and cash flows.

Income Statement

Udaipur Cement Works Ltd. has demonstrated solid growth in revenue, with an increase in Total Revenue from ₹6,857.7M in 2020 to ₹14,724.8M in 2025. The Gross Profit Margin has remained healthy, indicating efficient cost management. However, the Net Profit Margin has been volatile, reflecting some challenges in converting revenue into net income. Notably, EBIT and EBITDA margins show stability, suggesting operational efficiency improvements over the years.

Balance Sheet

The balance sheet shows a significant increase in Total Assets, indicating expansion and investment. However, the Debt-to-Equity Ratio remains high, implying substantial leverage which could pose risks in downturns. Despite this, the Return on Equity has improved, reflecting better utilization of equity for generating profits. The Equity Ratio indicates a moderate reliance on equity financing, which may need attention to ensure long-term financial stability.

Cash Flow

Cash flow from operations has been consistent, reflecting stable cash generation from core activities. However, Free Cash Flow has been negative in several years due to high capital expenditures, impacting liquidity. The Operating Cash Flow to Net Income Ratio suggests effective cash conversion from profits, though the Free Cash Flow to Net Income Ratio indicates potential liquidity constraints due to ongoing investments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.72B	14.72B	11.64B	10.31B	8.76B	7.35B
Gross Profit	6.56B	6.54B	2.34B	3.09B	5.08B	4.00B
EBITDA	2.38B	2.35B	2.06B	1.34B	1.50B	1.44B
Net Income	148.50M	100.90M	614.10M	358.60M	486.60M	550.00M
Balance Sheet
Total Assets	26.95B	26.95B	24.62B	17.95B	14.29B	9.75B
Cash, Cash Equivalents and Short-Term Investments	2.40B	2.40B	1.33B	60.50M	3.21B	1.05B
Total Debt	16.17B	16.17B	13.10B	11.45B	9.41B	5.70B
Total Liabilities	18.94B	18.94B	15.75B	14.50B	11.34B	7.28B
Stockholders Equity	8.00B	8.00B	8.87B	3.46B	2.95B	2.47B
Cash Flow
Free Cash Flow	0.00	215.80M	-4.57B	-4.90B	-1.11B	1.39B
Operating Cash Flow	0.00	1.41B	1.28B	994.10M	1.43B	1.87B
Investing Cash Flow	0.00	-3.39B	-6.75B	-5.00B	-2.44B	-1.14B
Financing Cash Flow	0.00	1.98B	5.76B	1.71B	3.22B	-615.20M

Udaipur Cement Works Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UDAICEMENT, the sentiment is Positive. The current price of 36.19 is above the 20-day moving average (MA) of 35.83, above the 50-day MA of 34.90, and above the 200-day MA of 30.11, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 49.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UDAICEMENT.

Udaipur Cement Works Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHREDIGCEM	64 Neutral	₹14.10B	50.79		1.57%	-4.08%	-66.35%
DECCANCE	64 Neutral	₹15.04B	75.70		0.27%	-35.17%	-22.63%
SAURASHCEM	63 Neutral	₹13.09B	94.08		1.70%	-7.59%	-74.43%
Sector *	61 Neutral	$10.20B	6.09	0.72%	2.93%	3.45%	-36.02%
UDAICEMENT	60 Neutral	₹20.29B	134.74		―	26.55%	-77.02%
MANGLMCEM	57 Neutral	₹21.24B	35.25		0.19%	3.95%	-2.94%
SANGHIIND	42 Neutral	₹16.41B	―		―	12.93%	-39.27%