A Comparative Study on Financial Performance of Ultra Tech Cement Limited and Acc Cement Limited

Abstract

India and China occupy the top positions at the world level in various sectors.  The first rank and the second rank in the world’s cement sector have been occupied by China and India respectively as indicated by million tons per annum (MTPA).  The cement production capacity of India was found to be 502 MTPA during the year 2018 while an addition of 20 MTPA is expected in 2019 to 2021.  The oldest cement manufacturer of India is ACC Cement whereas Ultra Tech Cement is not only the largest cement manufacturer in India but also one of the leading cement manufacturers of the world. Since the last few decades, infrastructure in India has gained the momentum.  As such, being the major contributors to the infrastructure industry, it is deemed appropriate to examine the financial performance of the toppers of the Indian Cement Industry.  This paper makes an attempt to analyze the comparative performance of these two giants of the industry for a period of five years from 2014 to 2018.  The secondary data required for the study have been collected from the published annual reports of these companies.