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HomeMONEY25% More Stake Bought In UAE Company; Now The Stake Has Increased...

25% More Stake Bought In UAE Company; Now The Stake Has Increased To 54.39%

UltraTech Cement: Cement industry huge UltraTech Cement has acquired another subsidiary. The acquisition was made through its Middle East subsidiary UCMEIL.

UCMEIL has purchased a 25 percent stake in the UAE’s Ras Al Khaimah Company for White Cement (RAKWCT). Following the purchase, their stake in the UAE company grew to 54.39 percent.

It is now an affiliate. UltraTech was informed of this in a filing for an exchange on the 10th of July.

But, the purchase didn’t affect the value of the shares. It was also down due to a low market sentiment. Today, it’s down 0.74 percent to Rs 11,547.80 in the BSE.

On the day, it dropped to the level of 11,530.00. In August 2023, the price was at a low of 7,940.55, and earlier in the month on July 2, 2024, it hit an all-time high of 12,078.15.

Ultratech Disclosed The Plan In April Itself

UltraTech has established a UAE company as its subsidiary. Baker McKenzie acted as legal consultant and Abu Dhabi Commercial Bank as manager for this transaction.

The company has already made public about the deal. UltraTech has announced that in April, the company’s Middle East subsidiary is planning to purchase a 29.39 percent share in this UAE company.

RAKWCT can be found as a member of the Abu Dhabi Stock Exchange.

Eyes Are On Orient Cement

The Kumar Mangalam Birla’s (KM Birla) UltraTech Cement has made the UAE company an affiliate. The company’s focus is now on Orient Cement which is owned by CK Birla.

UltraTech is also in discussions for the deal. Just two days ago, it acquired 23 percent of South India’s top cement firm India Cement for Rs 1,885 crore.

KM Birla has already announced plans to boost its production capacity up to 200 million tonnes each year in between two and three years.

UltraTech Cement Stock Performance

Current Price₹ 11,560
52-wk High₹ 12,078
52-wk Low₹ 7,941
5 Days Return-1.55%
1 Month Return5.68%

Key Fundamentals Parameters

Market Cap₹ 3,33,718 Cr.
Stock P/E47.2
Book Value₹ 2,086
Dividend0.33 %
ROCE15.3 %
ROE12.3 %
Face Value₹ 10.0
P/B Value5.52
OPM18.3 %
EPS₹ 243
Debt₹ 11,403 Cr.
Debt to Equity0.19

UltraTech Cement Shareholding Pattern

Promoters Holding
June 202359.96%
Sept 202359.96%
Dec 202359.96%
Mar 202459.96%
June 202459.98%
FII Holding
June 202315.81%
Sept 202316.65%
Dec 202318.20%
Mar 202417.74%
June 202418.15%
DII Holding
June 202315.95%
Sept 202315.04%
Dec 202313.68%
Mar 202414.14%
June 202413.83%
Hot Stocks Alert Join
Govt. Holding
June 20230.05%
Sept 20230.05%
Dec 20230.05%
Mar 20240.05%
June 20240.05%
Public Holding
June 20238.09%
Sept 20238.11%
Dec 20237.95%
Mar 20247.92%
June 20247.82%
Others
June 20230.14%
Sept 20230.18%
Dec 20230.18%
Mar 20240.17%
June 20240.17%

UltraTech Cement Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 42,430 Cr
2021₹ 44,726 Cr
2022₹ 52,599 Cr
2023₹ 63,240 Cr
2024₹ 70,908 Cr

Last 5 Years’ Net Profit:

2020₹ 5,751 Cr
2021₹ 5,751 Cr
2022₹ 7,334 Cr
2023₹ 5,073 Cr
2024₹ 7,004 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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