Heidelbergcement India Limited. (IN:HEIDELBERG)
:HEIDELBERG
Want to see IN:HEIDELBERG full AI Analyst Report?
Top Page
Heidelbergcement India Limited.
(HEIDELBERG)
Select Model
Select Model
Rating:55Neutral
Price Target:
₹165.00
▼(-6.09% Downside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by weak technicals (clear downtrend and bearish momentum). Financial performance is mixed—balance sheet stability and steady operating cash flow help, but declining margins, negative revenue growth, and weakening free cash flow are key risks. Valuation is also mixed, with a strong dividend yield offset by a very high P/E.
Positive Factors
Parent-company backing
Being a subsidiary of Heidelberg Materials provides lasting strategic benefits: access to global technology, procurement scale, capital support and brand credibility. These structural advantages strengthen market positioning, lower execution risk for projects and support investment in efficiency over multi-year horizons.
Negative Factors
Declining profitability & margins
Sustained margin deterioration erodes core profitability and limits reinvestment capacity. Over months to years, falling EBIT/EBITDA margins indicate weaker cost control or pricing power versus peers, reducing return on capital and constraining the company’s ability to compete or expand profitably.
Read all positive and negative factors
Positive Factors
Negative Factors
Parent-company backing
Being a subsidiary of Heidelberg Materials provides lasting strategic benefits: access to global technology, procurement scale, capital support and brand credibility. These structural advantages strengthen market positioning, lower execution risk for projects and support investment in efficiency over multi-year horizons.
Read all positive factors
Heidelbergcement India Limited. (HEIDELBERG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.85B
Dividend Yield4%
Average Volume (3M)9.69K
Price to Earnings (P/E)63.5
Beta (1Y)0.99
Revenue Growth7.64%
EPS Growth33.27%
CountryIN
Employees1,017
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)5.70
Shares Outstanding226,613,110
10 Day Avg. Volume5,272
30 Day Avg. Volume9,688
Financial Highlights & Ratios
PEG Ratio-1.16
Price to Book (P/B)3.20
Price to Sales (P/S)2.08
P/FCF Ratio25.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.59
Revenue Forecast (FY)₹24.44B
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 tec...
How the Company Makes Money
HeidelbergCement India primarily makes money by manufacturing and selling cement in the Indian market. Its core revenue stream comes from domestic sales of cement to the construction ecosystem, including individual home builders, contractors, and ...
Heidelbergcement India Limited. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
73
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.64B | 21.49B | 23.66B | 22.38B | 22.97B | 21.17B |
| Gross Profit | 13.62B | 8.81B | 7.43B | 5.99B | 7.59B | 8.10B |
| EBITDA | 3.09B | 2.85B | 3.71B | 2.94B | 4.84B | 5.53B |
| Net Income | 1.29B | 1.07B | 1.68B | 991.70M | 2.52B | 3.15B |
Balance Sheet | ||||||
| Total Assets | 24.37B | 25.42B | 26.61B | 26.65B | 28.24B | 28.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.90B | 4.63B | 5.68B | 5.84B | 4.98B | 4.30B |
| Total Debt | 835.50M | 754.10M | 1.37B | 1.82B | 1.99B | 3.06B |
| Total Liabilities | 11.28B | 11.47B | 11.91B | 12.03B | 12.59B | 13.52B |
| Stockholders Equity | 13.10B | 13.95B | 14.70B | 14.61B | 15.65B | 14.94B |
Cash Flow | ||||||
| Free Cash Flow | 620.60M | 1.74B | 2.76B | 1.99B | 2.55B | 3.91B |
| Operating Cash Flow | 838.00M | 2.84B | 3.50B | 2.26B | 3.02B | 4.39B |
| Investing Cash Flow | 116.40M | -1.09B | -479.10M | 1.44B | -350.00M | -1.73B |
| Financing Cash Flow | -1.68B | -2.54B | -2.42B | -2.67B | -3.28B | -3.04B |
Heidelbergcement India Limited. Technical Analysis
Neutral
175.70
Price Trends
158.29
Positive
166.13
Negative
184.32
Negative
Market Momentum
0.02
Negative
60.12
Neutral
92.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HEIDELBERG, the sentiment is Neutral. The current price of 175.7 is above the 20-day moving average (MA) of 150.17, above the 50-day MA of 158.29, and below the 200-day MA of 184.32, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 60.12 is Neutral, neither overbought nor oversold. The STOCH value of 92.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HEIDELBERG.
Heidelbergcement India Limited. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹29.59B | 7.48 | ― | 0.29% | 3.11% | 269.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹25.20B | 46.52 | ― | 0.19% | 9.63% | 77.46% | |
58 Neutral | ₹93.10B | 30.41 | ― | 0.45% | 20.83% | 176.01% | |
55 Neutral | ₹35.85B | 63.47 | ― | 4.00% | 7.64% | 33.27% | |
52 Neutral | ₹23.53B | -12.17 | ― | 0.33% | 9.22% | -34.72% |
* Basic Materials Sector Average
IN:HEIDELBERG
Heidelbergcement India Limited.
160.85
-25.61
-13.73%
IN:MANGLMCEM
Mangalam Cement Ltd
919.30
145.08
18.74%
IN:ORIENTCEM
Orient Cement Ltd.
142.55
-208.86
-59.43%
IN:SAGCEM
Sagar Cements Ltd
186.90
-31.20
-14.31%
IN:STARCEMENT
Star Cement Ltd.
238.20
18.52
8.43%
Heidelbergcement India Limited. Corporate Events
HeidelbergCement India Faces IGST Demand, Sees No Material Impact
Mar 29, 2026
HeidelbergCement India Limited has disclosed that it received an order from the Assistant Commissioner of CGST Division Damoh, imposing Integrated GST of Rs 1.41 crore along with an equivalent penalty and applicable interest. The order, issued und...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.