Heidelbergcement India Limited. (HEIDELBERG) AI Stock Analysis

• Market Cap: ₹46.15B
• Dividend Yield: 3.44%
• Average Volume (3M): 11.81K
• Price to Earnings (P/E): 40.1
• Beta (1Y): 1.07
• 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: 7,231
• 30 Day Avg. Volume: 11,815
• 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: 5.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹214.00 ▲(5.08% 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 manufactures and sells cement in India. The company offers Portland pozzolana cement and Portland slag cement under the mycem, mycem Primo, and mycem Power brand. It also provides concrete solution lab and 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 Cementrum I.B.V.

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 exhibits a mixed financial profile. The balance sheet is stable with conservative leverage, but there are concerns around income statement performance with declining margins and negative revenue growth. Cash flows remain stable, though with declining free cash generation, which could impact future growth investments.

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	21.33B	21.49B	23.66B	22.38B	22.43B	21.17B
Gross Profit	10.68B	8.81B	18.15B	18.37B	17.26B	8.10B
EBITDA	2.86B	2.85B	3.71B	2.94B	4.84B	5.53B
Net Income	1.04B	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	4.33B	4.78B	5.68B	5.84B	4.98B	4.30B
Total Debt	0.00	754.10M	1.37B	1.82B	1.99B	3.06B
Total Liabilities	-13.40B	11.47B	11.91B	12.03B	12.59B	13.52B
Stockholders Equity	13.40B	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: 203.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 203.65 is below the 20-day moving average (MA) of 208.95, below the 50-day MA of 207.41, and above the 200-day MA of 199.76, indicating a neutral trend. The MACD of 0.61 indicates Positive momentum. The RSI at 41.11 is Neutral, neither overbought nor oversold. The STOCH value of 9.67 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	62 Neutral	₹102.34B	43.29	5.87%	0.39%	14.59%	1.52%
MANGLMCEM	60 Neutral	₹20.27B	33.64	5.29%	0.20%	3.95%	-2.94%
HEIDELBERG	54 Neutral	₹46.15B	40.10	―	3.44%	-3.83%	-25.91%
ORIENTCEM	54 Neutral	₹46.25B	17.78	5.05%	0.22%	-5.80%	48.60%
SAGCEM	52 Neutral	₹32.88B	-18.25	-12.18%	0.28%	-6.25%	-475.84%
SANGHIIND	44 Neutral	₹16.56B	-3.42	-81.38%	―	12.93%	-39.27%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%