UltraTech Cement vs Shree Cement: Which Stock Should You Track
- August 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
UltraTech Cement MCap Rs 3,52,289 Cr, PE 41.10x, ROE 10.66%, D/E 0.31. Shree Cement MCap Rs 96,923 Cr, PE 59.24x, ROE 7.49%, D/E 0.08.
UltraTech Cement vs Shree Cement is a comparison cement investors look up when evaluating India’s two largest cement companies. UltraTech Cement is the Aditya Birla Group’s cement flagship and India’s largest cement company by capacity, while Shree Cement is a Rajasthan-based company known for its operational efficiency, low carbon footprint and expansion into newer geographies across North and East India.
This UltraTech Cement vs Shree Cement article covers reach and market position, key products, latest declared results and stock valuation. The UltraTech Cement vs Shree Cement data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
UltraTech Cement vs Shree Cement: Reach and Market Position
On the UltraTech Cement side of the UltraTech Cement vs Shree Cement comparison, UltraTech Cement operates over 150 plants across India with a consolidated cement capacity of about 155 MTPA, plus clinker and grinding units. Market capitalisation is Rs 3,52,289 Cr.
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On the Shree Cement side of the UltraTech Cement vs Shree Cement comparison, Shree Cement operates from Rajasthan and has expanded into North and East India, with a capacity of about 50 MTPA. The company is known for one of the lowest cost structures in Indian cement. Market capitalisation is Rs 96,923 Cr.
UltraTech Cement vs Shree Cement: Key Products and Business Mix
In the UltraTech Cement vs Shree Cement product comparison, UltraTech Cement offers: UltraTech makes ordinary portland cement, blended cement and specialty cement under brands including UltraTech and Birla White. P/E is 41.10x, ROE 10.66 percent, debt to equity 0.31. Dividend yield is 2.01 percent.
For Shree Cement in this UltraTech Cement vs Shree Cement breakdown: Shree Cement makes ordinary and blended cement under the Shree Ultra and Bangur brands. P/E is 59.24x, ROE 7.49 percent, near-zero debt at 0.08. Dividend yield is 0.56 percent.
UltraTech Cement vs Shree Cement: Latest Results
The UltraTech Cement vs Shree Cement results for UltraTech Cement: UltraTech Cement has a market cap of Rs 3,52,289 Cr and P/E of 41.10x. ROE is 10.66 percent. Dividend yield is 2.01 percent. UltraTech is the dominant pan-India cement producer.
The UltraTech Cement vs Shree Cement results for Shree Cement: Shree Cement has a market cap of Rs 96,923 Cr and P/E of 59.24x. ROE is 7.49 percent with near-zero debt. The company is known for industry-leading thermal efficiency in cement kilns.
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UltraTech Cement vs Shree Cement: Stock and Valuation
The UltraTech Cement vs Shree Cement stock comparison uses the latest available market data from Groww. Investors tracking UltraTech Cement vs Shree Cement should verify current prices on NSE or BSE before trading.
UltraTech Cement trades at a market cap of Rs 3,52,289 Cr and P/E of 41.10x with a higher ROE of 10.66 percent and a 2.01 percent dividend yield. Shree Cement trades at Rs 96,923 Cr market cap and P/E of 59.24x — more expensive — with a lower ROE but minimal debt and a reputation for cost efficiency.
UltraTech Cement vs Shree Cement: Quick Comparison Table
The UltraTech Cement vs Shree Cement comparison table below summarises the key metrics covered in this article side by side.
| Parameter | UltraTech Cement | Shree Cement |
|---|---|---|
| Sector | Large-cap cement | Large-cap cement, operational efficiency focus |
| Market Cap | Rs 3,52,289 Cr | Rs 96,923 Cr |
| P/E Ratio | 41.10x | 59.24x |
| ROE | 10.66% | 7.49% |
| Debt to Equity | 0.31 | 0.08 |
| Dividend Yield | 2.01% | 0.56% |
| Capacity (approx) | ~155 MTPA, pan-India | ~50 MTPA, North and East India |
| Group | Aditya Birla Group | Bangur family, Rajasthan-origin |
Conclusion
The UltraTech Cement vs Shree Cement comparison above covers the key data points on reach, products, results and valuation. UltraTech Cement vs Shree Cement are India’s largest and most efficient large cement companies respectively. UltraTech offers scale and a dividend at a cheaper P/E. Shree Cement commands a premium for its cost efficiency and low debt despite a lower ROE. Investors should review cement demand cycles, pricing trends and capacity utilisation and consult a SEBI-registered advisor before investing.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the main difference between UltraTech and Shree Cement?
Ans. UltraTech Cement is India’s largest cement company by capacity with a pan-India presence as part of the Aditya Birla Group. Shree Cement is known for its low-cost operations and thermal efficiency, operating primarily in North and East India.
Which company has the higher ROE?
Ans. UltraTech Cement has an ROE of 10.66 percent, higher than Shree Cement at 7.49 percent.
Which stock trades at a lower P/E?
Ans. UltraTech Cement trades at 41.10x trailing earnings, lower than Shree Cement at 59.24x.
Which cement company has lower debt?
Ans. Shree Cement has near-zero debt at 0.08, lower than UltraTech at 0.31.
Why does Shree Cement command a higher P/E than UltraTech?
Ans. Shree Cement trades at a premium because the market values its reputation for exceptional cost efficiency, thermal energy management and disciplined expansion compared to UltraTech’s larger but more leveraged model.
What risks apply to cement companies?
Ans. Both companies face risk from construction activity slowdowns, rising pet coke and coal input costs, freight cost changes and overcapacity in regional markets.
Should I invest in UltraTech or Shree Cement?
Ans. UltraTech is larger with higher ROE and a dividend at a cheaper P/E. Shree Cement is a premium-valued operational efficiency play with minimal debt. Consult a SEBI-registered advisor before investing.
