UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

India’s cement makers continue to race ahead of their global peers in terms of market capitalisation (m-cap) and valuation ratios. The market leader, UltraTech Cement, is now Asia’s second-most valuable cement maker, behind China’s Anhui Conch Cement and ahead of Thailand’s Siam Cement PCL. 

Kolkata-based Shree Cement, on the other hand, is ranked four in Asia in terms of m-cap, ahead of China National Building Material (CNBM) Group Co (CNBM). 

At the end of trading on January 27, UltraTech Cement had an m-cap of $19 billion while Shree Cement was valued at $11.8 billion based on its share price (see the adjoining