Shree Cement vs UltraTech Cement: Fair Value & Quality
Both stocks run through our valuation models. Here is how Shree Cement (SHREECEM) and UltraTech Cement (ULTRACEMCO) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees UltraTech Cement as the less overvalued of the two: Shree Cement trades at ₹24,795 versus a fair value of ₹8,215 (-67%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).
Shree Cement
SHREECEM.NSE · INR · Materials
-67%
upside to fair value
overvalued
Price₹24,795
Fair Value₹8,215
Quality60/100
UltraTech Cement
ULTRACEMCO.NSE · INR · Materials
-59%
upside to fair value
overvalued
Price₹11,619
Fair Value₹4,718
Quality55/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Shree CementUltraTech Cement
Valuation
56.0×P/E (TTM)42.2×
10.98×P/S (TTM)3.89×
4.19×P/B4.50×
35.1×EV/EBITDA21.0×
0.67×PEG1.22×
0.2%Dividend yield—
₹40.00Dividend per share—
Profitability
15%Net margin9%
19%Operating margin17%
8%Return on equity11%
4%Return on assets6%
Growth
5%Revenue growth (YoY)3%
6.3%Avg. growth/yr (3Y)11.9%
9.7%Avg. growth/yr (5Y)14.6%
Balance & size
0.03×Debt / equity0.20×
$10BMarket cap$36B
healthyGrowth qualitymixed
UltraTech Cement leads: 6 to 7 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.
Shree Cementof which business quality 61 · market factors 47UltraTech Cementof which business quality 54 · market factors 52
ProfitabilityMargins and returns on capital today
45
46
Quality GrowthAre margins and returns improving?
46
60
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
64
37
Low VolatilityCalm price path (market factor)
92
91
MomentumPrice trend over the last 3–12 months (market factor)
34
35
52W MomentumDistance to the 52-week high (market factor)
18
37
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.
Shree Cement
DCF Models₹12,824
Earnings-Based₹6,239
Dividend Discount₹2,675
Multiples₹8,215
Asset-Based₹4,321
Growth DCF₹11,674
Economic Profit₹5,032
Growth Earnings₹8,626
26 of 26 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.
Shree Cement
Bear ₹6,038Fair Value ₹8,215Bull ₹10,269
₹24,795 = current price (white tick)
UltraTech Cement
Bear ₹2,402Fair Value ₹4,718Bull ₹5,899
₹11,619 = 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.
Shree Cement · Materials
Quality score60 · Top 25%
Fair value upside-67% · bottom 25%
UltraTech Cement · Materials
Quality score55 · above median
Fair value upside-59% · bottom 25%
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees UltraTech Cement as the less overvalued of the two: Shree Cement trades at ₹24,795 versus a fair value of ₹8,215 (-67%), while UltraTech Cement trades at ₹11,619 versus ₹4,718 (-59%).
Shree Cement has the higher quality score (60/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
