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Nifty
Sensex

:
:

24031.70
76488.96

312.40 (1.32%)
1073.61 (1.42%)

Heidelberg Cement India Ltd.

Cement

Rating :

48/99

BSE: 500292 | NSE: HEIDELBERG

Watchlist

NSE BSE

162.32

25-May-2026

Open
High
Low
Previous Close

161
166
159.33
158.97

Volume
Traded Value (lacs)
52 Week High
52 Week Low

770076
124923201.75
224.8
136.1

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,670.00
27.39
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,262.16
4.32%
2.77

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

2.69
0.30
-1.35

EBITDA CAGR (%)

10 Years
5 Years
3 Years

0.35
-13.92
-0.77

PAT CAGR (%)

10 Years
5 Years
3 Years

11.67
-19.46
2.49

P:E (Median)

8 Years
5 Years
3 Years

21.79
29.39
37.01

P:BV (Average)

8 Years
5 Years
3 Years

3.22
3.19
3.20

EV:EBITDA (Average)

8 Years
5 Years
3 Years

10.52
11.76
13.17

Earnings Forecasts:

(Updated: 23-05-2026)

Description 2024 2025 2026 2027
Adj EPS 6.36 7.77 9.53
P/E Ratio 25.52 20.89 17.03
Revenue 2333.41 2465.5 2627.84
EBITDA 288.18 322.57 375.46
Net Income 143.52 158.6 194.99
ROA 7.91 8.31 8.98
P/B Ratio 2.61 2.53 2.41
ROE 10.56 13.22 15.29
FCFF 175.6 215.66 251.2 798.95
FCFF Yield 5.53 6.79 7.91 25.15
Net Debt -540.6 -651.67 -796.5
BVPS 62.25 64.23 67.46

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 646.22 612.46 5.51% 574.17 542.82 5.78% 511.66 461.41 10.89% 597.54 532.19 12.28%
Expenses 558.31 521.82 6.99% 521.23 509.54 2.29% 454.13 423.95 7.12% 509.02 454.15 12.08%
EBITDA 87.91 90.64 -3.01% 52.94 33.28 59.07% 57.53 37.46 53.58% 88.52 78.04 13.43%
EBIDTM 13.60% 14.80% 9.22% 6.13% 11.24% 8.12% 14.81% 14.66%
Other Income 7.23 11.21 -35.50% 6.05 9.36 -35.36% 8.96 12.77 -29.84% 9.44 12.13 -22.18%
Interest 1.13 5.05 -77.62% 4.27 7.15 -40.28% 6.06 8.53 -28.96% 6.30 8.56 -26.40%
Depreciation 27.33 27.24 0.33% 27.67 27.94 -0.97% 26.96 26.47 1.85% 27.07 28.14 -3.80%
PBT 63.20 69.56 -9.14% 22.49 7.55 197.88% 33.47 15.23 119.76% 64.59 53.47 20.80%
Tax 17.99 19.11 -5.86% 6.89 2.36 191.95% 8.54 4.02 112.44% 16.36 13.57 20.56%
PAT 45.21 50.45 -10.39% 15.60 5.19 200.58% 24.93 11.21 122.39% 48.23 39.90 20.88%
PATM 7.00% 8.24% 2.72% 0.96% 4.87% 2.43% 8.07% 7.50%
EPS 2.00 2.23 -10.31% 0.69 0.23 200.00% 1.10 0.49 124.49% 2.13 1.76 21.02%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 2,329.59 2,148.88 2,365.78 2,238.10 2,296.96 2,116.67 2,169.62 2,133.35 1,889.47 1,717.46 1,648.35 Net Sales Growth 8.41% -9.17% 5.70% -2.56% 8.52% -2.44% 1.70% 12.91% 10.02% 4.19% Cost Of Goods Sold 463.54 441.92 462.00 401.00 428.66 372.47 388.65 386.34 362.99 359.63 336.44 Gross Profit 1,866.05 1,706.96 1,903.78 1,837.10 1,868.30 1,744.20 1,780.97 1,747.01 1,526.48 1,357.83 1,311.91 GP Margin 80.10% 79.43% 80.47% 82.08% 81.34% 82.40% 82.09% 81.89% 80.79% 79.06% 79.59% Total Expenditure 2,042.69 1,909.46 2,049.06 1,989.25 1,862.41 1,610.03 1,641.83 1,650.01 1,526.11 1,438.60 1,417.18 Power & Fuel Cost - 559.44 669.72 772.63 642.42 488.02 473.60 504.93 443.90 429.27 452.04 % Of Sales - 26.03% 28.31% 34.52% 27.97% 23.06% 21.83% 23.67% 23.49% 24.99% 27.42% Employee Cost - 156.95 152.68 133.03 130.68 127.34 131.19 123.90 120.15 114.76 105.02 % Of Sales - 7.30% 6.45% 5.94% 5.69% 6.02% 6.05% 5.81% 6.36% 6.68% 6.37% Manufacturing Exp. - 175.50 153.66 148.62 141.72 126.53 120.27 111.14 116.53 106.82 109.24 % Of Sales - 8.17% 6.50% 6.64% 6.17% 5.98% 5.54% 5.21% 6.17% 6.22% 6.63% General & Admin Exp. - 97.58 99.52 84.27 81.40 84.62 80.60 85.18 80.66 87.45 83.26 % Of Sales - 4.54% 4.21% 3.77% 3.54% 4.00% 3.71% 3.99% 4.27% 5.09% 5.05% Selling & Distn. Exp. - 454.95 486.73 424.51 411.01 387.75 412.97 421.38 386.58 325.99 318.06 % Of Sales - 21.17% 20.57% 18.97% 17.89% 18.32% 19.03% 19.75% 20.46% 18.98% 19.30% Miscellaneous Exp. - 23.12 24.75 25.19 26.52 23.30 34.55 17.14 15.30 14.68 318.06 % Of Sales - 1.08% 1.05% 1.13% 1.15% 1.10% 1.59% 0.80% 0.81% 0.85% 0.80% EBITDA 286.90 239.42 316.72 248.85 434.55 506.64 527.79 483.34 363.36 278.86 231.17 EBITDA Margin 12.32% 11.14% 13.39% 11.12% 18.92% 23.94% 24.33% 22.66% 19.23% 16.24% 14.02% Other Income 31.68 45.47 54.52 45.29 49.07 46.46 52.73 34.82 19.93 23.69 22.44 Interest 17.76 29.29 34.76 46.06 36.44 50.85 73.85 74.78 74.45 89.77 108.45 Depreciation 109.03 109.79 109.67 112.31 112.05 111.03 108.61 101.77 101.17 99.15 99.78 PBT 183.75 145.81 226.81 135.77 335.13 391.22 398.06 341.61 207.67 113.63 45.38 Tax 49.78 39.06 59.06 36.60 82.87 76.27 130.00 120.95 74.49 37.42 9.99 Tax Rate 27.09% 26.79% 26.04% 26.96% 24.73% 19.50% 32.66% 35.41% 35.87% 32.93% 22.01% PAT 133.97 106.75 167.75 99.17 252.26 314.95 268.06 220.66 133.18 76.21 35.39 PAT before Minority Interest 133.97 106.75 167.75 99.17 252.26 314.95 268.06 220.66 133.18 76.21 35.39 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 5.75% 4.97% 7.09% 4.43% 10.98% 14.88% 12.36% 10.34% 7.05% 4.44% 2.15% PAT Growth 25.50% -36.36% 69.15% -60.69% -19.90% 17.49% 21.48% 65.69% 74.75% 115.34% EPS 5.91 4.71 7.40 4.38 11.13 13.90 11.83 9.74 5.88 3.36 1.56

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,395.18 1,469.83 1,461.39 1,565.24 1,493.89 1,314.64 1,171.19 1,046.40 966.95 894.93 Share Capital 226.62 226.62 226.62 226.62 226.62 226.62 226.62 226.62 226.62 226.62 Total Reserves 1,168.56 1,243.21 1,234.77 1,338.62 1,267.27 1,088.02 944.57 819.78 740.33 668.31 Non-Current Liabilities 218.76 286.41 353.25 421.95 433.52 549.15 611.00 628.89 688.91 747.46 Secured Loans 0.00 55.68 110.83 156.64 174.49 160.06 146.82 99.23 55.19 18.35 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 120.00 245.00 370.00 520.00 652.51 Long Term Provisions 5.63 10.72 11.48 16.69 17.21 16.72 19.73 19.60 21.71 19.16 Current Liabilities 928.02 904.88 850.02 836.64 918.01 929.04 913.34 857.53 751.78 972.22 Trade Payables 296.39 297.53 262.96 264.45 270.63 258.42 277.82 226.63 191.41 185.96 Other Current Liabilities 332.32 310.71 305.13 314.98 307.36 403.42 401.30 412.04 344.26 509.02 Short Term Borrowings 64.87 69.40 62.95 33.58 120.00 0.00 0.00 0.00 0.00 70.00 Short Term Provisions 234.44 227.24 218.98 223.63 220.02 267.20 234.22 218.86 216.11 207.24 Total Liabilities 2,541.96 2,661.12 2,664.66 2,823.83 2,845.42 2,792.83 2,695.53 2,532.82 2,407.64 2,614.61 Net Block 1,346.20 1,410.16 1,490.43 1,561.82 1,618.44 1,693.03 1,736.84 1,806.03 1,877.07 1,901.19 Gross Block 2,364.03 2,322.86 2,302.12 2,264.96 2,219.53 2,194.63 2,134.47 2,103.71 2,075.11 2,000.45 Accumulated Depreciation 1,017.83 912.70 811.69 703.14 601.09 501.60 397.63 297.68 198.04 99.26 Non Current Assets 1,528.56 1,520.01 1,551.86 1,639.62 1,849.22 1,768.70 1,808.10 1,872.00 1,941.76 2,052.89 Capital Work in Progress 110.43 27.66 5.83 27.00 18.91 15.99 17.24 8.07 6.29 56.05 Non Current Investment 20.45 14.08 4.80 4.80 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 35.74 48.78 35.20 29.59 194.19 40.95 34.07 36.78 51.30 60.60 Other Non Current Assets 15.74 19.33 15.60 16.41 17.68 18.73 19.95 21.12 7.10 35.05 Current Assets 1,013.22 1,130.74 1,112.80 1,184.21 996.20 1,024.13 887.43 660.82 465.88 561.72 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 171.04 175.76 175.23 173.05 160.71 145.76 167.42 126.89 139.64 178.21 Sundry Debtors 57.18 55.02 31.12 39.99 33.32 25.67 25.32 18.80 12.56 25.76 Cash & Bank 478.16 554.76 491.96 382.13 431.65 470.62 337.67 212.41 14.20 7.77 Other Current Assets 306.84 37.35 92.45 130.06 370.52 382.08 357.02 302.72 299.48 349.98 Short Term Loans & Adv. 289.92 307.85 322.04 458.98 267.66 303.46 279.23 235.81 217.29 246.24 Net Current Assets 85.20 225.86 262.78 347.57 78.19 95.09 -25.91 -196.71 -285.90 -410.50 Total Assets 2,541.78 2,650.75 2,664.66 2,823.83 2,845.42 2,792.83 2,695.53 2,532.82 2,407.64 2,614.61

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 264.65 349.52 226.11 301.85 439.45 458.74 393.10 377.14 361.40 256.94 PBT 145.81 226.81 135.77 335.13 391.22 398.06 341.61 207.67 113.63 45.38 Adjustment 94.01 87.90 112.35 99.60 116.22 128.99 140.18 154.57 167.88 185.03 Changes in Working Capital 73.76 97.89 21.92 -78.24 -0.78 6.75 -17.43 58.99 104.41 39.85 Cash after chg. in Working capital 313.58 412.60 270.04 356.49 506.66 533.80 464.36 421.23 385.92 270.26 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -48.93 -63.08 -43.93 -54.64 -67.21 -75.06 -71.26 -44.09 -24.52 -13.32 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -72.54 -47.91 144.39 -35.00 -173.19 -14.10 -26.33 -13.70 -40.24 -107.97 Net Fixed Assets -123.94 -42.57 -15.99 -53.52 -27.82 -58.91 -39.93 -30.38 -24.90 639.54 Net Investments -6.37 -9.28 0.00 -4.80 0.00 0.00 0.00 0.00 0.00 0.00 Others 57.77 3.94 160.38 23.32 -145.37 44.81 13.60 16.68 -15.34 -747.51 Cash from Financing Activity -271.29 -241.76 -266.54 -328.17 -303.88 -313.82 -241.88 -165.46 -314.73 -287.46 Net Cash Inflow / Outflow -79.18 59.85 103.96 -61.32 -37.62 130.82 124.89 197.98 6.43 -138.49 Opening Cash & Equivalents 532.76 472.91 368.95 430.27 467.89 337.07 212.18 14.20 7.77 146.26 Closing Cash & Equivalent 453.58 532.76 472.91 368.95 430.27 467.89 337.07 212.18 14.20 7.77

Financial Ratios

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 61.57 64.86 64.49 69.07 65.92 58.01 51.68 46.18 42.67 39.49 ROA 4.10% 6.30% 3.61% 8.90% 11.17% 9.77% 8.44% 5.39% 3.03% 1.30% ROE 7.45% 11.45% 6.55% 16.49% 22.43% 21.57% 19.90% 13.23% 8.19% 4.03% ROCE 11.46% 16.20% 10.73% 20.97% 25.20% 27.70% 24.83% 16.90% 11.28% 7.52% Fixed Asset Turnover 0.92 1.02 0.98 1.02 0.96 1.00 1.01 0.94 0.98 0.84 Receivable days 9.53 6.64 5.80 5.82 5.09 4.29 3.77 2.92 3.49 4.28 Inventory Days 29.45 27.08 28.40 26.52 26.42 26.34 25.18 24.79 28.98 35.17 Payable days 245.27 221.41 240.03 227.81 259.22 59.93 55.82 49.89 48.11 47.99 Cash Conversion Cycle -206.29 -187.68 -205.83 -195.46 -227.71 -29.30 -26.87 -22.18 -15.64 -8.55 Total Debt/Equity 0.05 0.09 0.12 0.12 0.20 0.31 0.44 0.59 0.73 1.16 Interest Cover 5.98 7.53 3.95 10.20 8.69 6.39 5.57 3.79 2.27 1.42

Top Investors:

sbi elss tax saver fund

life insurance corporation of india

icici prudential infrastructure fund

axis mutual fund trustee limited a/c axis mutual fund a/c axis small cap fund

nihar nandan nilekani

investor education and protection fund (iepf)

Annual Reports:

News Update:

Heidelberg Cement - Quarterly Results
26th May 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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