Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. UltraTech Cement's shares outstanding for the quarter that ended in Mar. 2026 was 294 Mil.
UltraTech Cement's quarterly shares outstanding
increased
from Dec. 2025 (294 Mil) to Mar. 2026 (294 Mil).
It means UltraTech Cementissued new shares from Dec. 2025 to Mar. 2026 .
UltraTech Cement's annual shares outstanding
increased
from Mar. 2025 (294 Mil) to Mar. 2026 (294 Mil).
It means UltraTech Cementissued new shares from Mar. 2025 to Mar. 2026 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
UltraTech Cement Shares Outstanding (EOP) Related Terms
UltraTech Cement Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for UltraTech Cement's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
UCLQF vs CRH, VMC, MLM: Shares Outstanding (EOP) Comparison
For the Building Materials subindustry, UltraTech Cement's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
UltraTech Cement Shares Outstanding (EOP) vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, UltraTech Cement's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where UltraTech Cement's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 294 Mil mean?
UltraTech Cement (UCLQF) has a Shares Outstanding (EOP) of 294 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on UltraTech Cement and its competitors.
Is UltraTech Cement's Shares Outstanding (EOP) too high?
UltraTech Cement's current Shares Outstanding (EOP) is 294 Mil. Overall, UltraTech Cement has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does UltraTech Cement's Shares Outstanding (EOP) compare to CRH and VMC?
UltraTech Cement's Shares Outstanding (EOP) of 294 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Building Materials company?
A good Shares Outstanding (EOP) depends on the Building Materials industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on UltraTech Cement and its competitors. UltraTech Cement's current Shares Outstanding (EOP) is 294 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UltraTech Cement stock overvalued right now?
UltraTech Cement (UCLQF) has a current Shares Outstanding (EOP) of 294 Mil. The stock's GF Value™ is $120.49, compared to a current price of $103.00 — trading 14.5% below its estimated fair value. The current Shares Outstanding (EOP) is 294 Mil. UltraTech Cement's overall GF Score™ is 96/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For UltraTech Cement (UCLQF), the current Shares Outstanding (EOP) is 294 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is UltraTech Cement (UCLQF) Overvalued in 2026?
Based on GuruFocus' analysis, UltraTech Cement stock appears to be undervalued.
The current stock price of $103.00 is trading 14.5% below its estimated GF Value™ of $120.49.
Key valuation signals for UCLQF:
Shares Outstanding (EOP): 294 Mil
GF Value™: $120.49 vs. price of $103.00 (14.5% below fair value)
No single metric tells the full story. See the UCLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries. Geographically, it operates in India as well as in other countries, of which India derives key revenue.
96GF Score
Get the complete analysis for UCLQF
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
UCLQF has been successfully added to your 
