UltraTech Cement, a part of Aditya Birla Group, has once again received the highest rating of ‘AAA’ from CARE Ratings, signifying its robust financial position and leadership in the industry.

Key Ratings and 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 Retains ‘AAA’ Rating: CARE Ratings says the ‘AAA’ rating reflects UltraTech’s leadership in the Indian cement industry. The company’s strengths are:

• Large & Diverse Capacity:
  • In India: 177.7 million tonnes per year (as of March 1, 2025)
  • Worldwide: 183.1 million tonnes per year
  • To grow to 188.2 million tonnes by FY25 and 214.7 million tonnes by FY27
• Financial Robustness: Despite large investments and acquisitions, UltraTech remains stable. Its debt-to-earnings ratio is expected to be around 1.6x by FY25 and will improve further. The company also has good cash flow and reserves to maintain strong liquidity.

UltraTech Cement’s steady growth and smart financial management ensures its continued leadership in Indian cement industry and the ‘AAA’ rating.