Kesoram Industries vs UltraTech Cement: Fair Value & Quality
Both stocks run through our valuation models. Here is how Kesoram Industries (KESORAMIND) and UltraTech Cement (ULTRACEMCO) compare, as of Aug 18, 2026.
As of Aug 18, 2026, Fair Value Calculator sees Kesoram Industries as the less overvalued of the two: Kesoram Industries trades at ₹11.63 versus a fair value of ₹7.97 (-31%), while UltraTech Cement trades at ₹11,681 versus ₹4,718 (-60%).
Kesoram Industries
KESORAMIND.BSE · INR · Materials
-31%
upside to fair value
overvalued
Price₹11.63
Fair Value₹7.97
Quality38/100
UltraTech Cement
ULTRACEMCO.NSE · INR · Materials
-60%
upside to fair value
overvalued
Price₹11,681
Fair Value₹4,718
Quality55/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Kesoram IndustriesUltraTech Cement
Valuation
—P/E (TTM)42.2×
0.01×P/S (TTM)3.89×
—P/B4.50×
—EV/EBITDA21.0×
—PEG1.22×
0.1%Dividend yield0.7%
Profitability
—Net margin9%
-33%Operating margin17%
-106%Return on equity11%
-3%Return on assets6%
Growth
-1%Revenue growth (YoY)3%
-59.7%Avg. growth/yr (3Y)11.9%
-37.7%Avg. growth/yr (5Y)14.6%
Balance & size
0.35×Debt / equity0.20×
$36MMarket cap$36B
weakGrowth qualitymixed
UltraTech Cement leads: 1 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Kesoram Industriesof which business quality 38 · market factors 67UltraTech Cementof which business quality 54 · market factors 52
ProfitabilityMargins and returns on capital today
10
46
Quality GrowthAre margins and returns improving?
16
60
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
100
37
Low VolatilityCalm price path (market factor)
37
91
MomentumPrice trend over the last 3–12 months (market factor)
75
35
52W MomentumDistance to the 52-week high (market factor)
86
38
Net IssuanceBuybacks instead of dilution
82
73
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Kesoram Industries
Dividend Discount₹0.10
Asset-Based₹7.98
3 of 3 models see the stock below the current price.
UltraTech Cement
DCF Models₹4,856
Earnings-Based₹3,953
Dividend Discount₹1,476
Multiples₹4,719
Asset-Based₹1,745
Growth DCF₹4,014
Economic Profit₹3,582
Growth Earnings₹5,271
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Kesoram Industries
Bear ₹5.95Fair Value ₹7.97Bull ₹11.89
₹11.63 = current price (white tick)
UltraTech Cement
Bear ₹2,402Fair Value ₹4,718Bull ₹5,899
₹11,681 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Kesoram Industries · Materials
Quality score38 · bottom 25%
Fair value upside-31% · below median
UltraTech Cement · Materials
Quality score55 · above median
Fair value upside-60% · bottom 25%
Bottom line
As of Aug 18, 2026, Fair Value Calculator sees Kesoram Industries as the less overvalued of the two: Kesoram Industries trades at ₹11.63 versus a fair value of ₹7.97 (-31%), while UltraTech Cement trades at ₹11,681 versus ₹4,718 (-60%).
UltraTech Cement has the higher quality score (55/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
