Heidelbergcement India Limited. (HEIDELBERG) AI Stock Analysis

• Market Cap: ₹43.79B
• Dividend Yield: 3.62%
• Average Volume (3M): 9.69K
• Price to Earnings (P/E): 38.1
• Beta (1Y): 1.03
• Revenue Growth: -3.83%
• EPS Growth: -25.91%
• Country: IN
• Employees: 1,017
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 2.10
• Shares Outstanding: 226,613,110
• 10 Day Avg. Volume: 5,272
• 30 Day Avg. Volume: 9,688
• PEG Ratio: -1.16
• Price to Book (P/B): 3.20
• Price to Sales (P/S): 2.08
• P/FCF Ratio: 25.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹214.00
• Price Target Upside: 10.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹214.00 ▲(10.74% Upside)

Heidelbergcement India Limited's overall stock score is driven by a mixed financial performance with strong balance sheet but weak income statement and cash flow concerns. Technical analysis indicates weak momentum, and high valuation raises concerns about potential overvaluation.

Heidelbergcement India Limited. Business Overview & Revenue Model

Company Description

HeidelbergCement India Limited (HEIDELBERG) is a prominent cement manufacturing company in India. It is a subsidiary of HeidelbergCement Group, a global leader in building materials. The company is engaged in the production and sale of cement and offers a range of products including Portland Pozzolana Cement (PPC) and Portland Slag Cement (PSC). HeidelbergCement India aims to meet the diverse construction needs of its customers, providing quality and sustainable solutions to the construction industry.

How the Company Makes Money

HeidelbergCement India Limited generates revenue primarily through the production and sale of cement. The company's key revenue streams include domestic sales of various types of cement, such as Portland Pozzolana Cement and Portland Slag Cement, which are used in residential, commercial, and infrastructure construction projects across India. Additionally, the company benefits from its strategic partnerships and collaborations with distributors and builders, enhancing its market reach and sales volume. Factors such as a strong distribution network, brand reputation, and operational efficiency contribute significantly to its earnings. The company also focuses on operational excellence and innovation to maintain cost efficiencies and improve profitability.

Heidelbergcement India Limited. Financial Statement Overview

Summary

Heidelbergcement India Limited shows a mixed financial profile. The balance sheet is strong with low leverage, but income statement performance is concerning with declining margins and negative revenue growth. Cash flows are stable, yet declining free cash generation could impact future growth.

Income Statement

The income statement reveals mixed performance with fluctuating revenue and declining profitability metrics. The Gross Profit Margin and Net Profit Margin have shown some volatility, indicating inconsistent cost management. Revenue growth has been negative in recent years, suggesting challenges in maintaining revenue momentum. EBIT and EBITDA margins have also been decreasing, pointing to operational inefficiencies.

Balance Sheet

The balance sheet is relatively strong with a low Debt-to-Equity Ratio, indicating conservative leverage. The Equity Ratio is robust, reflecting financial stability and strong asset backing. However, the Return on Equity has been under pressure due to declining net income, affecting the overall attractiveness of equity returns.

Cash Flow

Cash flow analysis shows a stable operating cash flow, but declining Free Cash Flow over recent periods. The Operating Cash Flow to Net Income ratio is healthy, indicating good cash conversion efficiency. However, Free Cash Flow to Net Income ratio has been declining, hinting at potential pressures on free cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.14B	21.49B	23.66B	22.38B	22.97B	21.17B
Gross Profit	13.32B	8.81B	18.15B	5.99B	7.59B	8.10B
EBITDA	2.93B	2.85B	3.71B	2.94B	4.84B	5.53B
Net Income	1.15B	1.07B	1.68B	991.70M	2.52B	3.15B
Balance Sheet
Total Assets	0.00	25.42B	26.61B	26.65B	28.24B	28.45B
Cash, Cash Equivalents and Short-Term Investments	4.78B	4.63B	5.68B	5.84B	4.98B	4.30B
Total Debt	0.00	754.10M	1.37B	1.82B	1.99B	3.06B
Total Liabilities	-13.95B	11.47B	11.91B	12.03B	12.59B	13.52B
Stockholders Equity	13.95B	13.95B	14.70B	14.61B	15.65B	14.94B
Cash Flow
Free Cash Flow	0.00	1.74B	2.76B	1.99B	2.55B	3.91B
Operating Cash Flow	0.00	2.84B	3.50B	2.26B	3.02B	4.39B
Investing Cash Flow	0.00	-1.09B	-479.10M	1.44B	-350.00M	-1.73B
Financing Cash Flow	0.00	-2.54B	-2.42B	-2.67B	-3.28B	-3.04B

Heidelbergcement India Limited. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 193.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HEIDELBERG, the sentiment is Negative. The current price of 193.25 is below the 20-day moving average (MA) of 202.38, below the 50-day MA of 205.25, and below the 200-day MA of 198.96, indicating a bearish trend. The MACD of -3.34 indicates Positive momentum. The RSI at 32.14 is Neutral, neither overbought nor oversold. The STOCH value of 19.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HEIDELBERG.

Heidelbergcement India Limited. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STARCEMENT	63 Neutral	₹104.78B	44.32	―	0.39%	14.59%	1.52%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹20.82B	34.54	―	0.20%	3.95%	-2.94%
HEIDELBERG	54 Neutral	₹43.79B	38.05	―	3.62%	-3.83%	-25.91%
ORIENTCEM	54 Neutral	₹44.20B	17.00	―	0.23%	-5.80%	48.60%
SAGCEM	49 Neutral	₹31.31B	―	―	0.29%	-6.25%	-475.84%
SANGHIIND	41 Neutral	₹16.58B	―	―	―	12.93%	-39.27%