Udaipur Cement Works Limited (UCWL) is an India-based cement manufacturing company, a subsidiary of Indian Cement Manufacturing Company, JK Lakshmi Cement Limited, which is part of the reputed business conglomerate JK Organisation (JKO) with a rich business legacy of over 135 years. Incorporated on March 15th, 1993, UCWL has its registered office at Jaipur, Rajasthan.
The company operates through the Cementitious Materials segment, manufacturing a range of cement including Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), and Clinker. UCWL has established itself as a significant player in the Indian cement industry, particularly in the northern and western regions of India, offering its cement under the Platinum Heavy Duty Cement and Platinum Supremo Cement brands. The Company currently has an integrated cement manufacturing unit with an installed cement production capacity of approximately 4.7 million tons per annum (MTPA).
As of June 19th, 2025, Udaipur Cement Works Ltd (UDAICEMENT) has a market capitalization of ₹1,696.75 Crore. The stock has seen a 52-week high of ₹48.60 and a 52-week low of ₹23.10. The P/E (price-to-earnings) ratio of UDAICEMENT stands at 168.16, reflecting its current valuation in the market.
The company's financial performance for Q4 FY2025 demonstrated significant improvement. Net profit surged by 114.46% to ₹39.59 Crore in the quarter ended March 2025, compared to ₹18.46 Crore in the previous quarter ended March 2024. Sales also rose substantially by 39.00% to ₹484.21 Crore in Q4 FY2025, against ₹348.35 Crore in the same period of the previous year.
For the full financial year FY2025, net profit declined by 82.00% to ₹10.09 Crore, compared to ₹56.07 Crore in FY2024. However, sales for the full year rose by 26.55% to ₹1,472.48 Crore, up from ₹1,163.59 Crore in FY2024.
• Q4 FY2025 Performance: Net Profit of ₹39.59 Crore, Sales of ₹484.21 Crore
• FY2025 Performance: Net Profit of ₹10.09 Crore, Sales of ₹1,472.48 Crore
• Market Capitalization: ₹1,696.75 Crore (as of June 2025)
• Promoter Holding: 75.00% (JK Lakshmi Cement Limited)
• Revenue Growth: Operating revenue of ₹1,472.48 Crore (trailing 12-month basis), with an annual revenue growth of 26%.
• Profitability: Pre-tax margin of 1% and ROE of 1% (needs improvement).
• Debt Position: High debt-to-equity ratio of 185%.
• Market Share: Over the last 5 years, market share increased from 0.25% to 0.3%.
Udaipur Cement Works Limited possesses robust manufacturing facilities in Rajasthan. The company completed its Revival and Rehabilitation Scheme with the start of commercial production from March 31, 2017, at its integrated cement plant in Udaipur. This included the commissioning of a 1.24 MTPA clinkerisation facility and a cement grinding capacity of 1.60 MTPA in March 2017. Current reports indicate an installed cement production capacity of approximately 4.7 MTPA.
The company is committed to sustainable operations, demonstrated by significant investments in renewable energy infrastructure. During FY 2021-22, UCWL expanded its solar power generation capacity by 4.35 MW, bringing its total to 14.45 MW. This initiative helps in reducing operational costs and supporting a greener manufacturing process.
Udaipur Cement Works Limited sells its products under the "Platinum Heavy Duty Cement" and "Platinum Supremo Cement" brand names, with the Platinum Heavy Duty Cement brand launched in 2017-18. The focus on premium branding underscores the company's strategy to target higher-margin segments within the competitive cement market.
As a subsidiary of JK Lakshmi Cement Limited, UCWL benefits from strategic advantages through shared resources, market access, and operational synergies within the broader JK Organisation ecosystem. This relationship strengthens its market position and potential for growth.
From a technical standpoint, the stock is trading close to its key moving averages, approximately 3% and 4% from its 50-day and 200-day moving averages, respectively. To maintain upward momentum, it needs to sustain levels above these points. According to O'Neil Methodology, the stock has an EPS Rank of 35 (poor), an RS Rating of 59 (poor), Buyer Demand at B (evident from recent demand), a Group Rank of 55 (fair industry group of Bldg-Cement/Concrt/Ag), and a Master Score of C (fair, needs improvement).
Promoter holding in Udaipur Cement Works Ltd has remained stable at 75.00% as of March 2025, consistent with June 2024 levels. This stable promoter holding signifies strong management confidence and a commitment to the company's long-term growth prospects.
• June 12, 2025: The National Company Law Tribunal (NCLT) sanctioned the amalgamation of Udaipur Cement Works and its subsidiaries with JK Lakshmi Cement Ltd. This strategic consolidation within the JK Organisation's cement business is expected to lead to operational efficiencies and cost synergies.
• May 22, 2025: Shri Namo Narain Agarwal was appointed as the Secretarial Auditor for FY2025-26 to FY2029-30, subject to AGM approval. The company also released its Audited Financial Results for the Financial Year Ended March 31, 2025.
Udaipur Cement Works Limited represents a compelling investment opportunity in India's cement sector, underpinned by strong operational capabilities, strategic market positioning, and the backing of the established JK Organisation. While challenges such as debt levels and earnings consistency exist, recent financial performance improvements and strategic initiatives position the company well for future growth in the expanding Indian cement market.
