UCLQF (UltraTech Cement) Operating Income: $1,399 Mil (TTM As of Jun. 2026)

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UCLQF UltraTech Cement Ltd UCLQF
95 GF Score
Price $103.00
GF Value $116.25
! 3 Warning Signs
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What is UltraTech Cement Operating Income?

UltraTech Cement UCLQF 95 Operating Income is $1,399 Mil as of Jun. 2026. GuruFocus rates UCLQF with a GF Score™ of 95/100 and a GF Value™ of $116.25. The stock has 3 warning signs investors should review.

UltraTech Cement's Operating Income for the three months ended in Jun. 2026 was $402 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $1,399 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. UltraTech Cement's Operating Income for the three months ended in Jun. 2026 was $402 Mil. UltraTech Cement's Revenue for the three months ended in Jun. 2026 was $2,596 Mil. Therefore, UltraTech Cement's Operating Margin % for the quarter that ended in Jun. 2026 was 15.48%.

Warning Sign:

UltraTech Cement Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -8%.

UltraTech Cement's 5-Year average Growth Rate for Operating Margin % was -8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UltraTech Cement's annualized ROC % for the quarter that ended in Jun. 2026 was 8.13%. UltraTech Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 17.23%.


UltraTech Cement  (OTCPK:UCLQF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

UltraTech Cement's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1606.968 * ( 1 - 25.19% )/( (14791.328 + 0)/ 1 )
=1202.1727608/14791.328
=8.13 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15231.501 - 1365.019 - ( 717.084 - max(0, 3644.942 - 2720.096+717.084))
=14791.328

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

UltraTech Cement's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1656.848/( ( (9618.113 + max(-783.136, 0)) + (0 + max(0, 0)) )/ 1 )
=1656.848/( ( 9618.113 + 0 )/ 1 )
=1656.848/9618.113
=17.23 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(649.522 + 1044.437 + 307.612) - (1365.019 + 0 + 1419.688)
=-783.136

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

UltraTech Cement's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=401.742/2595.64
=15.48 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


UltraTech Cement Operating Income Related Terms


UltraTech Cement Operating Income Historical Data

* Premium members only.

The historical data trend for UltraTech Cement's Operating Income 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.

UltraTech Cement Operating Income Chart

UltraTech Cement Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,159.85 921.05 1,164.55 987.33 1,333.33

UltraTech Cement Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 384.69 220.41 303.59 473.21 401.74
UCLQF
95GF Score
UltraTech Cement Ltd UCLQF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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UltraTech Cement Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,399 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $1,399 Mil mean?
UltraTech Cement (UCLQF) has a Operating Income of $1,399 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on UltraTech Cement and its competitors.
Is UltraTech Cement's Operating Income too high?
UltraTech Cement's current Operating Income is $1,399 Mil. Overall, UltraTech Cement has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does UltraTech Cement's Operating Income compare to CRH and VMC?
UltraTech Cement's Operating Income of $1,399 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 Operating Income for a Building Materials company?
A good Operating Income depends on the Building Materials industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on UltraTech Cement and its competitors. UltraTech Cement's current Operating Income is $1,399 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 Operating Income of $1,399 Mil. The stock's GF Value™ is $116.25, compared to a current price of $103.00 — trading 11.4% below its estimated fair value. The current Operating Income is $1,399 Mil. UltraTech Cement's overall GF Score™ is 95/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For UltraTech Cement (UCLQF), the current Operating Income is $1,399 Mil as of Jun. 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 11.4% below its estimated GF Value™ of $116.25.

Key valuation signals for UCLQF:

  • Operating Income: $1,399 Mil
  • GF Value™: $116.25 vs. price of $103.00 (11.4% below fair value)
  • GF Score™: 95/100 with 3 warning signs

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 Business Description

Address Mahakali Caves Road, B Wing, Ahura Centre, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400093
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.
95GF Score

Get the complete analysis for UCLQF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$103.00
Price
$116.25
GF Value