Assets Analysis
Current Assets :-
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March 2023: 18.56% increase
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March 2024: 11.67% increase
UltraTech Cement experienced a strong growth in current assets in March 2023, indicating robust liquidity and operational efficiency. However, the growth rate slowed to 11.67% in March 2024, suggesting a stabilization in operations or potential market challenges.
Non-Current Assets :-
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March 2023: 6.49% increase
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March 2024: 9.91% increase
Conversely, non-current asset growth improved significantly, rising from 6.49% to 9.91%. This indicates a greater investment in long-term assets, likely aimed at expanding production capacity and enhancing competitive positioning.
Liabilities Analysis
Current Liabilities :-
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March 2023: 16.26% increase
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March 2024: 14.83% increase
UltraTech Cement's current liabilities grew by 16.26% in March 2023, indicating an increase in short-term obligations, possibly driven by higher operational activity or increased credit usage. The growth rate slowed to 14.83% in March 2024, suggesting a trend toward more stable management of short-term liabilities, though it still reflects ongoing business expansion.
Non-Current Liabilities :-
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March 2023: 2.53% increase
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March 2024: 0.28% increase
In contrast, non-current liabilities saw a significant decline in growth, from 2.53% in March 2023 to just 0.28% in March 2024. This sharp decrease may indicate reduced reliance on long-term debt, potentially reflecting improved cash flow management or a strategic shift toward funding operations through internal resources rather than external borrowing.