HeidelbergCement India Limited
₹120.75-₹3.20 (-2.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,825 Cr
- P/E
- 29.7x
- Revenue
- ₹2,149 Cr
Price chart
Technical chartScreen technicals →-39.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.0%
- 3M
- -21.1%
- 6M
- -23.7%
- 1Y
- -39.1%
- 5Y
- -51.2%
52-week range
Day change -₹3.20 (-2.6%) from ₹124 to ₹121 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HEIDELBERG, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 1.79
Concerns1
- Net profit declined 36.3% year-over-year
Rule-based from financial data. Not advice.
About the company
HeidelbergCement India Limited manufactures and sells cement in India and internationally. The company offers Portland pozzolana cement under the mycem, mycem Primo, mycem Power, and mycem Power Shield brands. It also manufactures and sells clinkers; and sells scrap materials. In addition, the company provides concrete solution labs, including mobile technical lab services.
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HeidelbergCement India Limited manufactures and sells cement in India and internationally. The company offers Portland pozzolana cement under the mycem, mycem Primo, mycem Power, and mycem Power Shield brands. It also manufactures and sells clinkers; and sells scrap materials. In addition, the company provides concrete solution labs, including mobile technical lab services. The company was formerly known as Mysore Cements Limited and changed its name to HeidelbergCement India Limited in April 2009. The company was incorporated in 1958 and is based in Gurugram, India. HeidelbergCement India Limited is a subsidiary of Heidelberg Materials South Asia B.V.
- Sector
- Materials
- Shares outstanding
- 22.8 Cr shares
- ISIN
- INE578A01017
- BSE code
- 500292
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,825 Cr
- P/E
- 29.7x
- P/B
- 2.9x
- Earnings yield
- 3.4%
- 52-week high
- ₹200.70
- 52-week low
- ₹118.40
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,149 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -36.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹350 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 54.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹60.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.2%
Solvency and efficiency
- Current ratio
- 1.16
- Debt / Equity
- 0.09
- Debt / Assets
- 0.05
- Financial leverage
- 1.81
- Cash / Market cap
- 31.6%
- Cash per share
- ₹53.10
- Debtor days
- 8 days
- Inventory turnover
- 2.63
- Cash conversion cycle
- -88 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,909 Cr |
| Sales | Operating profit | ₹240 Cr |
| Operating profit | Interest | ₹29 Cr |
| Operating profit | Depreciation | ₹110 Cr |
| Operating profit | Profit before tax | ₹101 Cr |
| Other income | Profit before tax | ₹45 Cr |
| Profit before tax | Tax and other | ₹39 Cr |
| Profit before tax | Net profit | ₹107 Cr |
Revenue and net profit
Revenue fell 9.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,117 Cr | ₹315 Cr |
| FY2022 | ₹2,297 Cr | ₹252 Cr |
| FY2023 | ₹2,238 Cr | ₹99 Cr |
| FY2024 | ₹2,366 Cr | ₹168 Cr |
| FY2025 | ₹2,149 Cr | ₹107 Cr |
Cash flows
FY2025: ₹265 Cr from operations, ₹192 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹439 Cr | ₹266 Cr |
| FY2022 | ₹302 Cr | ₹267 Cr |
| FY2023 | ₹226 Cr | ₹370 Cr |
| FY2024 | ₹350 Cr | ₹302 Cr |
| FY2025 | ₹265 Cr | ₹192 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,149 Cr-9.2%1Y
- Net profit
- ₹107 Cr-36.3%1Y
- Cash from operations
- ₹265 Cr
- Free cash flow
- ₹192 Cr-36.4%1Y
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,149 Cr | ₹240 Cr | — | ₹107 Cr | ₹265 Cr | ₹192 Cr | — | -9.2% | -36.3% |
Monthly returns
Month-by-month returns of HEIDELBERG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,542 Cr |
| Equity capital | ₹227 Cr |
| Reserves | ₹1,169 Cr |
| Borrowings | ₹75 Cr |
| Other liabilities | ₹1,071 Cr |
| Assets | ₹2,542 Cr |
| Fixed assets | ₹1,346 Cr |
| Capital work in progress | ₹110 Cr |
| Investments | ₹20 Cr |
| Other assets | ₹1,065 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
HEIDELBERG trades at 29.7x earnings against a peer median of 35.5x (a 16% discount).
Not shown (no positive earnings and no EV / Sales): NACL Industries Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| HeidelbergCement India LimitedHEIDELBERGthis companyP/E ↓ discount | ₹3,825 Cr | 29.7x | 2.9x | — | — |
| Laxmi Organic Industries LimitedLXCHEM | ₹4,193 Cr | 45.0x | 2.2x | 7.1% | 14.2x |
| NACL Industries LimitedNACLIND | ₹4,110 Cr | — | 8.4x | -8.9% | 281.3x |
| National Fertilizers Ltd.NFL | ₹4,073 Cr | 47.4x | 1.5x | 2.4% | 9.4x |
| Balaji Amines Ltd.BALAMINES | ₹3,964 Cr | 27.0x | 2.3x | 11.1% | 14.2x |
| Stylam Industries LimitedSTYLAMIND | ₹3,718 Cr | 29.8x | 5.1x | 23.9% | 19.1x |
| Aarti Drugs LimitedAARTIDRUGS | ₹3,604 Cr | 18.9x | 2.7x | 12.1% | 14.1x |
| Foseco India LtdFOSECOIND | ₹3,548 Cr | 43.0x | 8.1x | — | — |
| Gujarat Alkalis & Chemicals Ltd.GUJALKALI | ₹3,537 Cr | 65.5x | 0.6x | -2.1% | 17.0x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
HEIDELBERG since 1 January, against earlier years.
Historical volatility
HEIDELBERG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 24.0% |
| FY2022 | 19.0% |
| FY2023 | 11.0% |
| FY2024 | 13.0% |
| FY2025 | 11.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,149 Cr |
| Costs | |
| Interest | ₹29 Cr |
| Expenses | ₹1,909 Cr |
| Operating profitOperating Profit | ₹240 Cr |
| Other income and charges | |
| Profit before tax | ₹146 Cr |
| Tax | |
| Net profitNet Profit | ₹107 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,542 Cr |
| Equity capitalEquity Capital | ₹227 Cr |
| Reserves | ₹1,169 Cr |
| Borrowings | ₹75 Cr |
| Other liabilitiesOther Liabilities | ₹1,071 Cr |
| AssetsTotal Assets | ₹2,542 Cr |
| Fixed assetsFixed Assets | ₹1,346 Cr |
| Capital work in progressCWIP | ₹110 Cr |
| Investments | ₹20 Cr |
| Other assetsOther Assets | ₹1,065 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹265 Cr |
| Investing cash flowCash from Investing Activity | -₹73 Cr |
| Financing cash flowCash from Financing Activity | -₹271 Cr |
| Change in cashNet Cash Flow | -₹79 Cr |
Learn while you research
Academy chapters picked for HeidelbergCement India Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read