---
title: "Udaipur Cement Works Ltd (UDAICEMENT) — Share Price, Financials & Analysis"
symbol: "UDAICEMENT"
company: "Udaipur Cement Works Ltd"
canonical: "https://tapetide.com/stocks/UDAICEMENT"
isin: "INE225C01029"
nse_symbol: "UDAICEMENT"
bse_code: "530131"
sector: "Commodities"
industry: "Cement & Cement Products"
generated_at: "2026-09-13T18:25:42.248Z"
---

# Udaipur Cement Works Ltd (UDAICEMENT)

Canonical page: https://tapetide.com/stocks/UDAICEMENT

## Company

- **NSE Symbol:** UDAICEMENT
- **BSE Code:** 530131
- **ISIN:** INE225C01029
- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹4
- **F&O Eligible:** No
- **Website:** udaipurcement.com

## About

Udaipur Cement Works Limited (UCWL), incorporated on 15th March 1993, has its  registered office at Jaipur, Rajasthan. The company presently is a subsidiary of Indian Cement Manufacturing Company, JK Lakshmi Cement Limited, which is part of reputed business conglomerate JK Organisation (JKO) that has rich business legacy of more than 135 years. UCWL manufactures cement under the brand name-Platinum Heavy Duty Cement. [1]

## Latest Price

- **Price:** ₹36.23
- **Change:** 0 (0%)
- **Open:** ₹36.45
- **Day High:** ₹36.69
- **Day Low:** ₹35.85
- **Previous Close:** ₹36.23
- **Volume:** 0
- **As Of:** 2025-08-22T10:26:25+00:00

## Key Insights

### Strengths

- Company's median sales growth is 18.0% of last 10 years

### Weaknesses

- Stock is trading at 2.54 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.60% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -81% | -41% | -8% |
| revenue growth | 27% | 19% | 17% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 278 | 220 | 238 | 295 | 246 | 269 | 300 | 348 | 325 | 294 | 369 | 484 |
| Expenses | 238 | 196 | 213 | 250 | 219 | 231 | 240 | 287 | 286 | 267 | 310 | 375 |
| Operating Profit | 40 | 24 | 25 | 44 | 28 | 38 | 60 | 61 | 39 | 27 | 59 | 109 |
| OPM % | 14 | 11 | 11 | 15 | 11 | 14 | 20 | 17 | 12 | 9 | 16 | 23 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 1 | 1 | 1 | 3 |
| Interest | 12 | 12 | 12 | 12 | 12 | 12 | 19 | 26 | 29 | 28 | 31 | 30 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 10 | 15 | 19 | 25 | 26 | 26 | 25 |
| Profit before tax | 19 | 3 | 4 | 24 | 6 | 17 | 35 | 26 | -14 | -25 | 4 | 57 |
| Tax % | 28 | 34 | 25 | 29 | 33 | 29 | 27 | 28 | -27 | -27 | 43 | 30 |
| Net Profit | 14 | 2 | 3 | 17 | 4 | 12 | 25 | 18 | -10 | -18 | 2 | 40 |
| EPS in Rs | 0.24 | 0.04 | 0.06 | 0.3 | 0.08 | 0.22 | 0.45 | 0.33 | -0.18 | -0.33 | 0.04 | 0.71 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 88 | 85 | 376 | 579 | 686 | 735 | 876 | 1031 | 1164 | 1472 |
| Expenses | 87 | 82 | 355 | 539 | 561 | 586 | 727 | 897 | 977 | 1237 |
| Operating Profit | 1 | 3 | 21 | 40 | 125 | 149 | 149 | 134 | 186 | 235 |
| OPM % | 1.1 | 4.1 | 6 | 7 | 18 | 20 | 17 | 13 | 16 | 16 |
| Other Income | 3 | 4 | 3 | 5 | 1 | -4 | 2 | 1 | 20 | 7 |
| Interest | 2 | 0 | 67 | 69 | 65 | 54 | 50 | 48 | 68 | 121 |
| Depreciation | 6 | 5 | 30 | 34 | 34 | 33 | 35 | 37 | 53 | 102 |
| Profit before tax | -4 | 3 | -73 | -58 | 27 | 57 | 65 | 50 | 85 | 19 |
| Tax % | -294 | 0 | -41 | -29 | 43 | 4 | 25 | 29 | 28 | 46 |
| Net Profit | 8 | 3 | -43 | -41 | 16 | 55 | 49 | 36 | 61 | 10 |
| EPS in Rs | 0.15 | 0.05 | -0.82 | -0.73 | 0.28 | 0.98 | 0.87 | 0.64 | 1.1 | 0.18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 118 | 118 | 118 | 125 | 125 | 125 | 125 | 125 | 224 | 224 |
| Reserves | 94 | 104 | 49 | 43 | 59 | 122 | 170 | 221 | 663 | 576 |
| Borrowings | 350 | 525 | 609 | 567 | 567 | 570 | 941 | 1145 | 1310 | 1617 |
| Other Liabilities | 46 | 130 | 114 | 148 | 167 | 158 | 193 | 304 | 265 | 278 |
| Total Liabilities | 609 | 877 | 890 | 883 | 917 | 975 | 1429 | 1795 | 2462 | 2695 |
| Fixed Assets | 156 | 664 | 766 | 740 | 707 | 681 | 726 | 711 | 2031 | 2193 |
| CWIP | 350 | 102 | 0 | 0 | 6 | 46 | 130 | 816 | 0 | 2 |
| Investments | 9 | 0 | 0 | 0 | 25 | 93 | 87 | 0 | 100 | 207 |
| Other Assets | 94 | 112 | 125 | 143 | 179 | 155 | 486 | 268 | 331 | 292 |
| Total Assets | 609 | 877 | 890 | 883 | 917 | 975 | 1429 | 1795 | 2462 | 2695 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | 54 | 24 | 66 | 113 | 187 | 143 | 99 | 128 | 263 |
| Cash from Investing Activity | -277 | -250 | -30 | -7 | -34 | -114 | -244 | -500 | -675 | -339 |
| Cash from Financing Activity | 299 | 176 | 7 | -60 | -78 | -62 | 322 | 171 | 576 | 76 |
| Net Cash Flow | 17 | -20 | 1 | -1 | 0 | 11 | 221 | -230 | 29 | 0 |
| Free Cash Flow | -282 | -197 | -6 | 58 | 103 | 139 | -111 | -490 | -456 | 26 |
| CFO/OP | -487 | 1565 | 114 | 166 | 90 | 126 | 96 | 74 | 69 | 112 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 3 | 4 | 4 | 2 | 4 | 0 | 2 | 2 | 1 | 4 |
| Inventory Days | 37 | 259 | 163 | 80 | 84 | 61 | 100 | 138 | 222 | 160 |
| Days Payable | 30 | 75 | 47 | 65 | 51 | 64 | 75 | 73 | 85 | 88 |
| Cash Conversion Cycle | 9 | 188 | 120 | 17 | 37 | -3 | 27 | 68 | 138 | 75 |
| Working Capital Days | -70 | 44 | -92 | -110 | -142 | -53 | -191 | -73 | -21 | 21 |
| ROCE % | -1 | 0 | -1 | 1 | 12 | 15 | 11 | 7 | 8 | 6 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.58% | 73.58% | 74.95% | 72.54% | 72.54% | 72.54% | 72.54% | 75% | 75% | 75% |
| FIIs | 0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.15% | 0.12% | 0.09% | 0.17% | 0.18% |
| DIIs | 0.63% | 0.42% | 0.38% | 0.36% | 0.35% | 0.1% | 0.1% | 0.04% | 0.13% | 0.13% |
| Public | 25.79% | 25.91% | 24.57% | 27% | 27.01% | 27.21% | 27.24% | 24.87% | 24.69% | 24.68% |
| No. of Shareholders | 23946 | 31006 | 29729 | 28575 | 38696 | 78768 | 73639 | 89353 | 110508 | 107410 |

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.54% | 72.54% | 72.54% | 72.54% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0.12% | 0.16% | 0.12% | 0.09% | 0.1% | 0.09% | 0.09% | 0.11% | 0.09% | 0.1% | 0.17% | 0.18% |
| DIIs | 0.1% | 0.1% | 0.1% | 0.11% | 0.06% | 0.06% | 0.04% | 0.03% | 0.03% | 0.04% | 0.13% | 0.13% |
| Public | 27.24% | 27.2% | 27.24% | 27.26% | 24.84% | 24.85% | 24.87% | 24.87% | 24.86% | 24.86% | 24.69% | 24.68% |
| No. of Shareholders | 77593 | 75418 | 73639 | 76189 | 83678 | 85777 | 89353 | 98604 | 114530 | 113202 | 110508 | 107410 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 35.65 | Buy |
| EMA (10) | 35.98 | Buy |
| SMA (20) | 35.67 | Buy |
| EMA (20) | 35.69 | Buy |
| SMA (50) | 34.33 | Buy |
| EMA (50) | 34.38 | Buy |
| SMA (100) | 31.71 | Buy |
| EMA (100) | 32.65 | Buy |
| SMA (200) | 29.97 | Buy |
| EMA (200) | 31.79 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.21 | Neutral |
| MACD (12,26,9) | 0.44 | Sell |
| Stochastic (14,3,3) | 71.61 | Neutral |
| ADX (14) | 23.18 | Neutral |
| Williams %R (14) | -33.52 | Neutral |
| ATR (14) | 0.97 | Neutral |
| ROC (12) | 2.23 | Buy |
| Stoch RSI (14) | 59.69 | Neutral |
| UO (7,14,28) | 52.81 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul 2025 - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul 2025 - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28574706-2d07-47d8-a847-6dd73b9082e0.pdf) |
| 18 Jul 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and subsidiaries into JK Lakshmi Cement effective 31 July 2025. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 18 Jul 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and subsidiaries into JK Lakshmi Cement effective 31 July 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0bc878b-9e25-4a24-bb93-bef843bc56a6.pdf) |
| 18 Jul 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and others into JK Lakshmi Cement, effective 31 July 2025. | [Udaipur Cement Works Limited Has informed That Record Date For The Purpose Of Determining Names Of The Eligible Shareholders Of The Company To Whom Shares Of Amalgamated Company Will Be Issued And Allotted Is 25Th August 2025 18 Jul 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and others into JK Lakshmi Cement, effective 31 July 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc47211f-4107-457c-9cf1-06a315391edd.pdf) |
| 12 Jun 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and subsidiaries with JK Lakshmi Cement Ltd. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 12 Jun 2025 - NCLT sanctions amalgamation of Udaipur Cement Works and subsidiaries with JK Lakshmi Cement Ltd.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95cac3e5-d95a-47db-81bc-5ed7e05a0125.pdf) |
| — | [Closure of Trading Window 27 Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e3324ef-db96-4449-914a-4a9ff8736527.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3f32daf-4eca-490c-9d5f-850c5d067934.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3f32daf-4eca-490c-9d5f-850c5d067934.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0a25da8-1429-441e-b5f9-89ad6716ee7e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/206cd053-b060-4978-8282-0ba2c4666d09.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/73792530131.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/68943530131.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/530131/5301310315.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:25:42.248Z.