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HeidelbergCement India Limited

HeidelbergCement India Limited

NSE: HEIDELBERG
Building MaterialsBasic MaterialsSMALL CAPMCap ₹2.84k Cr
₹125.42₹0.44 (+0.35%)

Market Closed • NSE

Market cap₹2.84k Cr
Enterprise value₹2.43k Cr
P/E TTM24.40
Forward P/E15.81
P/B2.07
EPS TTM₹5.14
Forward EPS₹7.93
D/E1.04
Dividend yield0.06%
52W high₹206.70
52W low₹123.76
Price chart(1Y)
1Y Return:-15.84% (₹23.61)
H: ₹163.69L: ₹123.76
1W-0.32%
1M-11.41%
3M-22.07%
6M-20.72%
1Y-35.16%
Today at a glance

Day range

₹124.02₹125.90

52 week range

₹123.76₹206.70
Volume120.0K0.75x 20D avg
Free float50.00%-24.50% volume

HeidelbergCement India Limited closed at INR125.42 (+0.35%) on volume 0.75x its 20-day average, trading 39.32% below its 52-week high.

Technical analysis
RSI (14)25.7Oversold
MACDBULLISHBullish (Above signal)
ATR (14)₹3.03Moderate
SMA 20₹131.58BEARISH
SMA 50₹146.64BEARISH
SMA 100₹150.77BEARISH
SMA 200₹155.78BEARISH
CPR bottom₹125.42
Pivot₹125.27
CPR top₹125.13
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -32.4% QoQ

2026-09-11

DIVIDEND Announced

Dividend - Rs 7 Per Share

2025-09-12

DIVIDEND Announced

Dividend - Rs 7 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹14.2 Cr₹2.84k Cr0.50%≤ 33%PASS
Non-halal income ratio–₹2.33k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.37k Cr₹2.44k Cr97.23%≥ 20%PASS
Receivables ratio–₹2.44k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E24.4021.90
Forward P/E15.81—
P/B2.072.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.104.60
Growth & profitability
RevenuePAT
FY24PAT margin 7.10%
FY25PAT margin 5.00%
FY26PAT margin 5.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.70%
Revenue CAGR 5Y-0.20%
PAT CAGR 3Y+7.90%
PAT CAGR 5Y-4.40%
Operating margin6.02%
Net margin4.93%
Financial health & cash flow
Net debt–Moderate
Interest coverage10.00xEBIT / interest
CFO / PAT1.92x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹198.1 Cr
Capital expenditure–
Free cash flow₹145.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.92x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Building Materials.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
15.36%Institutional holding
15.25%Public holding
5Periods available
0.00%Promoter pledged
78.43KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
11 Sept 2026Dividend₹7.00 / share—11 Sept 2026
12 Sept 2025Dividend₹7.00 / share—12 Sept 2025
18 Sept 2024Dividend₹8.00 / share—17 Sept 2024
20 Sept 2023Dividend₹7.00 / share—20 Sept 2023
01 Sept 2022Dividend₹9.00 / share—30 Aug 2022
20 Sept 2021Dividend₹8.00 / share—17 Sept 2021
11 Sept 2020Dividend₹6.00 / share—10 Sept 2020
06 Dec 2019Dividend₹1.50 / share—05 Dec 2019
12 Sept 2019Dividend₹3.00 / share—11 Sept 2019
06 Nov 2018DividendInterim Dividend - Re 1 Per Sh—05 Nov 2018
—Dividend₹2.50 / share—12 Sept 2018
—Dividend₹2.00 / share—14 Sept 2017
—Annual General MeetingAnnual General Meeting—12 Sept 2016
—Annual General MeetingAnnual General Meeting—30 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)58.75%+0.67% latest vs average
Highest delivery76.32%on 06 Oct
Average volume (20D)159.0KTrading-session average
Conviction trendStrengthening+0.67% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About HeidelbergCement India Limited
HeidelbergCement India Limited

Heidelberg Cement India is the Indian subsidiary of HeidelbergCement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh), and in Southern India at Ammasandra (Karnataka). [1]

IndiaBasic Materials

Questions investors ask
Is HeidelbergCement India Limited Shariah compliant?

HeidelbergCement India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.5%) complies with AAOIFI threshold (≤ 33%).

What is HeidelbergCement India Limited's current valuation relative to peers?

HeidelbergCement India Limited trades at a P/E of 24.4x compared to the sector median of 21.9x, and a Price-to-Book of 2.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.04x. Interest coverage is 10x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -0.2% while net profit growth averaged -4.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.