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NSE:ULTRACEMCO 8 December 2025 - 22 December 2025

UltraTech Cement Hit With ₹782.2 Crore GST Demand Notice; ‘Buy’ Calls Hold as UltraTech and Adani Cement Lead India’s Next Capacity Wave

UltraTech Cement Hit With ₹782.2 Crore GST Demand Notice; ‘Buy’ Calls Hold as UltraTech and Adani Cement Lead India’s Next Capacity Wave

UltraTech Cement disclosed a ₹782.2 crore GST demand notice tied to alleged short payment and improper Input Tax Credit use from FY2018-19 to FY2022-23. The company said it will contest the order. Shares traded near ₹11,540 on December 17, down about 9% over three months. The demand adds regulatory pressure as the sector faces cost and capacity changes.
UltraTech Cement Gets ₹782.2 Crore GST Demand Notice; Brokerages Stay Bullish as UltraTech and Adani Keep Outpacing India’s Cement Sector

UltraTech Cement Gets ₹782.2 Crore GST Demand Notice; Brokerages Stay Bullish as UltraTech and Adani Keep Outpacing India’s Cement Sector

UltraTech Cement disclosed on December 22 it received a GST demand notice totaling ₹782.2 crore for FY2019 to FY2023, citing alleged short payment and improper input tax credit use. The company said it will contest the order. The notice includes about ₹391 crore in tax and a similar penalty, plus interest. UltraTech’s stock hovered near ₹11,500 as investors weighed the regulatory development.
UltraTech Cement Share Price Today: Stock Hovers Near ₹11,600 as MarketsMojo Cuts Rating to ‘Sell’ and Technicals Turn Sideways

UltraTech Cement Share Price Today: Stock Hovers Near ₹11,600 as MarketsMojo Cuts Rating to ‘Sell’ and Technicals Turn Sideways

UltraTech Cement traded nearly flat at ₹11,602 on the BSE by 10:28 AM Monday, up just 0.02%. MarketsMojo downgraded the stock to “Sell,” citing weak momentum and high valuation. One-month return fell about 2–2.5%, trailing the Sensex’s 2.7% gain. Market cap stood near ₹3.4 lakh crore with a trailing P/E of 46x.
8 December 2025
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