Heidelbergcement India Limited. (HEIDELBERG) AI Stock Analysis

• Market Cap: ₹43.93B
• Dividend Yield: 3.81%
• Average Volume (3M): 9.69K
• Price to Earnings (P/E): 34.1
• Beta (1Y): 1.04
• Revenue Growth: 3.06%
• EPS Growth: -1.48%
• Country: IN
• Employees: 1,017
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 1.10
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹208.00 ▲(13.35% Upside)

The overall stock score of 57 reflects a mixed financial performance with strong balance sheet but declining income and cash flow metrics. Technical analysis indicates a neutral to slightly bearish trend, while valuation suggests potential overvaluation despite a decent dividend yield.

Heidelbergcement India Limited. Business Overview & Revenue Model

Company Description

HeidelbergCement India Limited (HEIDELBERG) is a prominent player in the Indian construction materials sector, primarily engaged in the manufacture and sale of cement and related products. As a subsidiary of HeidelbergCement Group, one of the world's largest building materials companies, HEIDELBERG operates several cement plants and grinding units across India. The company offers a range of cement products including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and other specialty cements, catering to various construction needs in residential, commercial, and infrastructure projects.

How the Company Makes Money

HeidelbergCement India Limited generates revenue primarily through the sale of its cement products, which are a critical component in the construction industry. The company benefits from a strong distribution network that enables it to reach customers across different regions in India. Key revenue streams include direct sales to builders, contractors, and retail customers. Additionally, HEIDELBERG may engage in strategic partnerships with construction firms and real estate developers, providing them with customized products and solutions. Factors contributing to its earnings include market demand for construction materials, pricing strategies, and operational efficiencies in production and logistics.

Heidelbergcement India Limited. Financial Statement Overview

Summary

Heidelbergcement India Limited exhibits a mixed financial profile. The balance sheet is strong with conservative leverage, but the income statement shows declining margins and negative revenue growth. Cash flows are stable, though 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	7.43B	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: 183.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 183.5 is below the 20-day moving average (MA) of 190.55, below the 50-day MA of 198.65, and below the 200-day MA of 197.27, indicating a bearish trend. The MACD of -4.01 indicates Positive momentum. The RSI at 33.22 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹20.92B	34.71	―	0.21%	10.61%	43.88%
STARCEMENT	58 Neutral	₹101.31B	42.85	―	0.44%	18.13%	52.87%
HEIDELBERG	57 Neutral	₹43.93B	34.11	―	3.81%	3.06%	-1.48%
ORIENTCEM	52 Neutral	₹43.66B	14.23	―	0.28%	3.43%	100.99%
SAGCEM	48 Neutral	₹29.82B	-17.86	―	0.32%	3.34%	-112.79%
SANGHIIND	44 Neutral	₹16.94B	-4.17	―	―	32.54%	19.65%

Heidelbergcement India Limited. Corporate Events

HeidelbergCement India Receives ESG Rating from CFC Finlease

HeidelbergCement India Limited has received an ESG rating of ’64’ from CFC Finlease Private Limited, a SEBI registered ESG Rating Provider. This rating was assigned voluntarily by CFC Finlease based on publicly available data, without direct engagement from HeidelbergCement. This development highlights the company’s transparency and commitment to environmental, social, and governance standards, potentially impacting its reputation and stakeholder relations positively.

HeidelbergCement India Schedules Virtual AGM and Announces Dividend

HeidelbergCement India Limited has announced its 66th Annual General Meeting (AGM) scheduled for September 24, 2025, to be conducted via video conferencing. The company has set September 17, 2025, as the cut-off date for determining members eligible to attend the AGM and September 12, 2025, as the record date for a proposed dividend of Rs.7 per equity share. The e-voting for resolutions will be available from September 21 to September 23, 2025, allowing shareholders to participate electronically.

HeidelbergCement India Announces AGM and Dividend Record Date

HeidelbergCement India Limited has announced the schedule for its 66th Annual General Meeting (AGM), set for September 24, 2025, to be conducted via video conferencing. The company has also set September 12, 2025, as the record date for a proposed dividend of Rs.7 per equity share for the financial year 2024-25, highlighting its commitment to shareholder returns. The AGM will include e-voting provisions, allowing shareholders to vote on resolutions electronically, ensuring broader participation and engagement.