अFunda Observatory

JSW STEEL LIMITED vs ULTRATECH CEMENT LIMITED

JSWSTEEL and ULTRACEMCO. Monthly data through 2026-10-12. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: JSWSTEEL +327%, ULTRACEMCO +205%.

53194335476Jan '19Aug '20Mar '22Oct '23May '25Oct '2653194335476Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

ROCE

8.0%14.7%21.3%28.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '268.0%14.7%21.3%28.0%Jan '19Aug '21Mar '24Oct '26
JSW STEEL LIMITED (JSWSTEEL)ULTRATECH CEMENT LIMITED (ULTRACEMCO)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

JSWSTEEL Net profit growth: +244 pts+244 ptsShare count change: -17 ptsP/E change: -167 pts-167 pts +59% ULTRACEMC Net profit growth: +59 pts+59 ptsShare count change: -3 ptsP/E change: -29 pts +28%
Net profit growthShare count changeP/E changeUnexplained

JSWSTEEL: share price rose 59% over 3 years: +244 pts from net profit growth, −167 pts from the P/E change, −17 pts from share count change.

ULTRACEMCO: share price rose 28% over 3 years: +59 pts from net profit growth, −29 pts from the P/E change, −3 pts from share count change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

JSW STEEL LIMITED (JSWSTEEL) · Non-Energy Minerals

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

ULTRATECH CEMENT LIMITED (ULTRACEMCO) · Non-Energy Minerals

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricJSWSTEELULTRACEMCO
Share Price₹1173.00₹10520.00
Market Cap₹3.24L cr₹3.11L cr
P/E11.6x36.3x
P/B3.2x4.1x
P/S1.7x3.4x
ROCE11.0%13.0%
ROE28.0%11.2%
Operating margin20.0%20.0%
Revenue (TTM), indexed to 100₹1.90L cr₹91884 cr
Net Profit (TTM)₹27995 cr₹8571 cr
Debt / Equity1.0x0.3x
Cash Conversion Cycle16d13d
Promoter holding44.3%58.5%
FII Holding25.9%12.2%
DII Holding11.5%20.9%
12M momentum-2.7%-10.2%
Drawdown from Peak-10.3%-15.4%
Cash conversion (3Y)1.5x1.7x
Interest cover4.8x7.0x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)24.4%23.7%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.