HEIDELBERGCommodities

HeidelbergCement India Limited

Cement & Cement Products · ISIN INE578A01017 · BSE 500292 · NSE EQ · FV ₹10
Last price
₹142
+0.26%today
What this company does

HeidelbergCement India Limited operates in Cement & Cement Products, part of the Commodities sector. It booked ₹628 cr of revenue in its latest quarter (Q1 FY27) and kept 4.9% of sales as profit.

The Company is primarily engaged in the manufacturing of cement and hence entire operation represents a single primary segment.
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
21

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet77

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Growth & consistency70

Whether sales and profit have grown, and how steadily

Valuation24

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 5% vs last year
Promoters hold 69%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.9% net margin
! Profit down 37% vs last year

What if I invest in HEIDELBERG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹142 +0.26%
latest close · 2026-09-17
1-year return
-45.4%
52-wk low ₹14052-wk high ₹278
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.2Average
LowAverageHigh
P/B ratio2.34Moderate
Below bookModerateHigh
EV / EBITDA10.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.9%Fair
WeakFairStrong ▸15%
Return on capital11.1%Fair
WeakFairStrong
Net margin4.9%Thin
ThinDecentStrong
EBITDA margin11.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover14.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.10Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,208 cr
Book value
₹61
EPS
₹1.35
latest quarter
Net debt
₹-67 cr
more cash than debt
Enterprise value
₹3,141 cr
EBITDA
₹292 cr
annualised
EBIT
₹176 cr
annualised
Operating margin
7.0%
Return on assets
5.0%
Earnings yield
3.81%
P/S
1.28
Sales / share
₹110.9
Tax rate
25.4%
Face value
₹10
Shares
22.7 cr
Working capital
₹88 cr
Current assets
₹942 cr
Current liabilities
₹854 cr
Delivery %
60.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹34₹57, midpoint ₹45

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹628 cr
Other Income₹6 cr
Total Income₹634 cr
Cost of Materials₹128 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹42 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹386 cr
Total Expenses₹593 cr
Profit before Tax₹41 cr
Tax Expense₹10 cr
Net Profit₹31 cr
Net margin on total income4.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹134 cr21.1%
Employee benefit expense₹42 cr6.5%
Finance costs₹3 cr0.5%
Depreciation & amortisation₹29 cr4.6%
Other expenses₹386 cr60.8%
Tax expense₹10 cr1.6%
Profit for the period₹31 cr4.8%
Total income ₹634 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue574 cr646 cr628 cr
Total income580 cr653 cr634 cr
Expenses553 cr587 cr593 cr
Profit before tax22 cr63 cr41 cr
Tax7 cr18 cr10 cr
Net profit (owners' share)16 cr45 cr31 cr
Net margin (owners' share, on revenue)2.7%7.0%4.9%
EPS (₹)0.692.001.35
YoY (latest quarter): total income +4.5% · net profit -36.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹2,438 cr
Shareholder equity
₹1,372 cr
parent shareholders
Total debt
₹0 cr
Cash
₹67 cr
Cash flow · H1 FY26
Operating
₹84 cr
Investing
₹12 cr
Financing
₹-168 cr
Peer comparison
Cement & Cement Products · by market value
CompanyPriceMarket capP/E
UltraTech Cement Limited₹10,764₹3.17 L cr30.5
Grasim Industries Limited₹3,173₹2.16 L cr25.1
Ambuja Cements Limited₹383₹95,238 cr41.3
SHREE CEMENT LIMITED₹21,960₹79,232 cr37.4
JK Cement Limited₹5,027₹38,844 cr35.0
Dalmia Bharat Limited₹1,693₹32,173 cr42.2
ACC Limited₹1,233₹23,171 cr39.4
The Ramco Cements Limited₹859₹20,297 cr162.7
JSW Cement Limited₹117₹15,750 cr24.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
4.94%
trailing 12 months
Dividend / share (TTM)
₹7
Last dividend
₹7
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹7 / share11 Sep 2026
Dividend₹7 / share12 Sep 2025
Dividend₹8 / share17 Sep 2024
Dividend₹7 / share20 Sep 2023
Dividend₹9 / share30 Aug 2022
Dividend₹8 / share17 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
69.4%
FII / Foreign
1.1%
DII / Domestic
13.9%
Retail / others
15.7%
Smart-money activity
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE14.85 L @ ₹242.697 Oct 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE14.85 L @ ₹243.097 Oct 24
BoughtPLUTUS WEALTH MANAGEMENT LLP · NSE14.85 L @ ₹191.7214 Aug 20
Stake changes
SoldMitsubishi UFJ Financial Group (MUFG) alongwith PAC→ 3.30% · 45.78 L6 Oct 21
BoughtMitsubishi UFJ Financial Group→ 5.32% · 1.21 cr2 Aug 19
BoughtFirst State Investment Management (UK) Limited→ 5.37% · 23.63 L17 Feb 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
Adoption of the Audited Financial Statements together with the Reports of the Board of Directors and Auditors’ and other requisite documents for the financial year ended 31st March 2025
Backed by 100% of shareholders other than promotersneeded 50%
3.64 cr votes for, 1.32 L against · 0% of mutual funds and other big investors said no
2
Declaration of dividend of INR 7 per equity share of the face value of INR 10 each for the financial year 2024-2025.
Backed by 100% of shareholders other than promotersneeded 50%
3.65 cr votes for, 891 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Roberto Callieri (DIN:05139888), who retires by rotation and being eligible has offered himself for reappointment.
Backed by 94% of shareholders other than promotersneeded 50%
3.45 cr votes for, 20.34 L against · 6% of mutual funds and other big investors said no
4
To re-appoint Mr. Joydeep Mukherjee as Managing Director of the Company for a further term of three years.
Backed by 74% of shareholders other than promotersneeded 50%
2.11 cr votes for, 72.83 L against · 28% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 69.4% between them · as of 2026-06-30
HEIDELBERG MATERIALS SOUTH ASIA B.V.69.39%
Heidelberg Materials AGno shares
Heidelberg Materials Holding S.à r.l.no shares
Heidelberg Materials International Holding GmbHno shares
Heidelberg Materials Netherlands Holding B.V.no shares
S.A. Heidelberg Materials Benelux N.V.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.