UltraTech Cement Retains ‘AAA’ Credit Rating from CARE Ratings

11 Mar 2025 CW Team

UltraTech Cement, a flagship company of the Aditya Birla Group, has once again secured top-tier credit ratings from CARE Ratings, reaffirming its financial stability and market leadership.

Key Ratings & Financial Strength Long-Term/Short-Term Bank Facilities (Rs 130 billion): CARE AAA; Stable / CARE A1+ Fixed Deposit Program (Rs 740 million): CARE AAA; Stable Why UltraTech Cement Maintains AAA Ratings According to CARE Ratings, the ‘AAA’ rating reflects UltraTech’s dominance in the Indian cement sector, supported by:

Extensive & Diversified Capacities:

India: 177.7 million tonnes per annum (MTPA) installed capacity (as of March 1, 2025) Global: 183.1 MTPA capacity Projected Expansion: 188.2 MTPA by FY25, 214.7 MTPA by FY27 Resilient Financial Profile:

Despite capital expenditures and acquisitions, UltraTech’s financial health remains strong. Net debt-to-PBILDT ratio expected to be around 1.6x by FY25, with further improvements thereafter. Robust liquidity driven by steady cash flows, moderate working capital utilization, and healthy cash reserves. UltraTech’s strategic expansion and disciplined financial management continue to reinforce its leadership in India’s cement industry, ensuring sustained growth and creditworthiness.

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