Heidelberg Cement India Ltd Stock Analysis

BSE: 500292 | NSE: HEIDELBERG | Cement & Construction Materials | Small Cap

BSE Share Price 31-Mar-2023 18:02
160.65 4.10 (2.62%)

DeciZen - Make an Informed Decision on Heidelberg Cement

Overall Rating

1. Quality

2. Valuation


3. Price Trend

Heidelberg Cement Price Chart

P/E Ratio ( SA) :
Market Cap :
3,640.5 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Heidelberg Cement India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Heidelberg Cement India Ltd is a average quality company.

2. Is Heidelberg Cement India Ltd undervalued or overvalued?

The key valuation ratios of Heidelberg Cement India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Heidelberg Cement India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Heidelberg Cement India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Heidelberg Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Heidelberg Cement India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 2.2%1.6%5.2%5.4%7.7%11.1%16.3%18.8%19.9%15.6%-
Value Creation Index -0.8-0.9-0.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8701,2091,6351,6481,7171,8892,1332,1702,1172,2972,256
YoY Gr. Rt. %-39%35.3%0.8%4.2%10%12.9%1.7%-2.4%8.5%-
Adj EPS 1.4-
YoY Gr. Rt. %--231.6%NA156.7%118.2%73.8%66.4%21.9%16.7%-19.8%-
BVPS (₹) 36.736.230.339.542.746.251.75865.969.162.9
Adj Net Profit 30.9-40.613.63576132220269313251158
Cash Flow from Ops. 50.1119190257361377393459439302-
Debt/CF from Ops. 20.611.45.5421.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%6%2.5%8.5%
Adj EPS 26.3%27%4.5%-19.8%
BVPS 7.310.110.24.8
Share Price 15.4% 2.5% 5.3% -17.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 3.7-4.8248.213.219.921.622.316.410.6
Op. Profit Mgn % 7.32.915.81416.219.222.724.42418.913.2
Net Profit Mgn % 3.6-
Debt to Equity
Working Cap Days 16315111113410695951021201290
Cash Conv. Cycle -52-6-9-16-22-27-29-28-200

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 10.50%

Sales growth has been subdued in last 3 years 2.49%

Net Profit has been subdued in last 3 years 4.49%

Sales growth is not so good in last 4 quarters at -0.89%

Latest Financials - Heidelberg Cement India Ltd.

Standalone Consolidated
TTM EPS (₹) 7 -
TTM Sales (₹ Cr.) 2,256 -
BVPS (₹.) 62.9 -
Reserves (₹ Cr.) 1,199 -
P/BV 2.55 -
PE 23.07 -
From the Market
52 Week Low / High (₹) 152.60 / 232.90
All Time Low / High (₹) 4.05 / 300.00
Market Cap (₹ Cr.) 3,641
Equity (₹ Cr.) 226.6
Face Value (₹) 10
Industry PE 43

Management X-Ray of Heidelberg Cement :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Heidelberg Cement

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Heidelberg Cement India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Heidelberg Cement on 31-Mar-2023 18:02 is : 160.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Heidelberg Cement stood at ₹ 3,640.5.
The latest PE ratio of Heidelberg Cement as of 31-Mar-2023 18:02 is 23.07.
The latest PB ratio of Heidelberg Cement as of 31-Mar-2023 18:02 is 2.55
The 52-week high of Heidelberg Cement is ₹ 232.9 and the 52-week low is ₹ 152.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Heidelberg Cement is ₹ 2,256 ( Cr.) .

About Heidelberg Cement India Ltd

Heidelberg Cement India is a subsidiary of Heidelberg Cement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh) and in Southern India at Ammasandra (Karnataka). HeidelbergCement India is a public company domiciled in India and is incorporated on May 13, 1958 under the provisions of the Companies Act, 1956. The Company’s equity is listed on BSE and National Stock Exchange of India.

One of the world's largest integrated manufacturers of building materials, Heidelberg Cement Group made its foray into India in early 2006. The move was motivated by its pursuit for growth which emanated from the opportunities available in the growing market of developing countries. As a part of its growth strategy, the Group acquired controlling stake in Mysore Cements Limited as well as the Indorama Cement Limited Joint Venture, which in 2008 was converted into a complete acquisition.

After the merger of Indorama Cement with Mysore Cements, in 2009, Mysore Cements was renamed Heidelberg Cement India Ltd. Since then there has been no looking back. In 2009, the Company undertook a brownfield capacity expansion in Central India to increase its cement manufacturing capacity from 2.1 million tonnes per annum to 5.4 million tonnes per annum. The company’s Mycem’ and ‘Mycem Power’ -  two brands - have become synonymous with 'quality' and 'reliability' the two factors that distinguish good and great cement.

Business area of the company

HeidelbergCement India is engaged in the manufacturing and selling of cement.

Products and services

  • mycem
  • mycempower
  • mycem ConcreteMAX
  • PPC
  • PSC


  • Amsa - Various awards from MSA on Drilling & blasting, Method of working, Best operator, Safe drilling & blasting practice, Transportation of mineral/debris, Best overall performance, Vocational training/HRD, Maintenance & service of heavy earthmoving machinery, Welfare amenities, Operation & maintenance of heavy earth moving machinery and Occupational health welfare amenities & safety card.
  • Damoh - Various awards from FICCI,Indian Bureau of Mines, Director General of Mines Safety for safety systems excellence awards for manufacturing and mining activities.
  • Amsa- Award for lowest injury frequency rate per lakh manshift metal mines-mechanised opencast with manshift lakhs.
  • Narsinghgarh Mines- Narsinghgarh Lime Stone Mine was adjudged Winner for the 'Lowest Injury Frequency Rate' in Metal Mines (Mechanised Opencast Mines) with Manshift< 0.5 lacs category at country level for the year 2009. The 'National Safety Award' was received from the Hon. President of India in the Award Presentation Ceremony held at VigyanBhawan, New Delhi on November 21, 2012.
  • Damoh- National energy conservation award: Certificate of Merit of national energy conservation awar
  • Narsinghgarh Mines- Narsinghgarh Limestone Mine awarded with 1st prize for “Overall Safety Performance” in Mechanized 'A' Category Mines, for the year 2012.
  • Amsa- Yerekatte Lime Stone Mines Awarded with 1st prize - Overall Performance State and Safety Management System during Mines Safety Week 2013-14.
  • Narsinghgarh & Imlai- A letter of appreciation by the Damoh Govt. authorities for sparing emergency resources and controlling & extinguishing the major fire spread out at damoh shopping complex
  • Narsinghgarh- Diamond Cement - Clinkerisation Unit (Narsinghgarh) Received ‘Green Manufacturing Excellence Award-2013 (Aspirants Level)’
  • Narsinghgarh- Narsinghgarh plant received 'FICCI Safety Systems Excellence Awards for Manufacturing-2013 – Certificate of Appreciation' for Good Safety Practices presented by Shri Kodikunnil Suresh, Hon'ble Minister of State for Labour & Employment in the award ceremony held at New Delhi on 10th Dec-13.
  • All plants & HO- HeidelbergCement India Limited certified for Integrated Management System (IMS) confirming to ISO 9001: 2008, ISO 14001: 2004 & OHSAS 18001: 2007 standards by TUV-SUD in Dec-13.
  • Narsingarh- Best Contributor Management by Honourable Labour Minister of Madhya Pradesh Mr Antar Singh Arya on 20th July 14.
  • Damoh- Damoh plant is awarded with certificate of merit for year 2012. Award ceremony held at CEA auditorium, sewa bhawan on September 23, 2014
  • National Energy Conservation Award- Narsingarh plant has been awarded with “National Energy Conservation Award - Second prize in the Cement sector“at the awards ceremony held at Vigyan Bhawan , New Delhi on December 14, 2014 .
  • Ammasandra- Yerekatte Lime Stone Mines received 2nd Prize – Overall Performance and 1st Prize - Safety Song/Slogans.
  • Jabalpur- Overall First prize in category of Fully Mechanised (B) of MEMCW 2013-14 under the aegis of Indian Bureau of Mines Jabalpur region.
  • Jhansi- Jhansi Unit awarded “Excellent Energy Efficient Unit” by Confederation of Indian Industry during the 17th Edition of CII’s National Awards for Excellence in Energy Management at Hyderabad - August 2016.
  • Narsingarh- Narsingarh Unit awarded as “Excellent Energy Efficient Unit” by Confederation of Indian Industry during the 17th Edition of CII’s National Awards for Excellence in Energy Management at Hyderabad - August 2016.

History & Milestones

  • HeidelbergCement Group entered India in 2006 through a 50:50 JV in Indorama Cement Limited and acquisition of the majority stake in Mysore Cement Limited.
  • HeidelbergCement Group acquired the balance stake of Indorama Cement in 2008 and merged the operations of the same with Mysore Cement Limited and capacity of the Company increased to 3.07 million tonnes per annum.The merged entity was renamed as HeidelbergCement India Limited w.e.f. April 09.
  • Having consolidated its operations, the Company completed brownfield expansion of its facilities in Central India in 2013 and cement capacity was increased to 6 million tonnes p.a.
  • Considering the infrastructural bottlenecks at the Raigad grinding unit, the plant was sold to JSW Steel Ltd. in Jan'14. Post the disposal, HeidelbergCement India's capacity stands at 5.4 Mn Tonne (Two Integrated Plants and One Grinding Unit).
  • The new manufacturing capacity has enabled the Company to increase its market share in Central India i.e. Madhya Pradesh and Uttar Pradesh and in markets of Bihar, Haryana and Uttarakhand. With the help of a committed sales team supported by quality product, the Company has carved a niche for its brand 'mycem' in new markets and has further improved its brand positioning in the existing ones.
  • Cement grinding Capacity enhanced to 6.26 million tonnes in 2020
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