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Prices as of 9 Oct 2026 close · Not investment advice

HeidelbergCement India Limited

NSE: HEIDELBERGCement & Cement Products

Share price

₹124.27

-0.96% close of 9 Oct 2026

Market cap ₹2,821 CrP/E 24.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

59

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,821 Cr

P/E ratio

24.1

P/B ratio

2.1

ROCE

14.7%

ROE

9.7%

Dividend yield

5.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹200.7652-week low ₹124.27

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 6.6% over the past year, and 8.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 17% to 11.2% over the last four years.

Whether it grew faster than its sector

It grew 8.2% a year against a sector median of 8.5% — 0.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 24.1× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 34.3×, across 5 companies. It is against its own five-year median of 30.1×, the 33rd percentile of its own range.

Whether growth justifies the valuation

Priced at 2.0 times its growth rate, on earnings growth of 12%.

Profit growthPrice per ₹1 profitPer 1% growth
HeidelbergCement India Limited — this one12%/yr24.1×₹2.0
Grasim Industries Limited-10%/yr34.3×—
Ambuja Cements21%/yr18.4×₹0.88
Shree Cement10%/yr48.7×₹4.9
JK Cement33%/yr38.4×₹1.2
Dalmia Bharat-1%/yr27.7×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Cement & Cement Products), it ranks 4 of 34 on returns, 16 of 31 on growth, 17 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 14.7% on capital, ahead of 88% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1341 crore of cash from the business, spent ₹299 crore on plant and equipment, and returned ₹1352 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 207 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being paid 5 days before it paid its own suppliers to paid 50 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 29 Jul 2026 · Standalone

Revenue

₹628 Cr

Revenue vs last year

+5.0%

Revenue vs last quarter

-2.8%

Net profit

₹31 Cr

Profit vs last year

-36.4%

Profit vs last quarter

-32.1%

Net margin

4.9%

EPS

₹1.35

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,821 Cr
Prev close
₹124.27
52w High
₹207
52w Low
₹124
Enterprise value
₹2,427 Cr
Beta
0.8
Price CAGR 1y
-36.0%
Price CAGR 3y
-12.0%
Price CAGR 5y
-13.0%
Price CAGR 10y
-1.0%

Ratios

Return on assets
5.5%
PEG ratio
1.9
P/E ratio
24.1
P/B ratio
2.1
EV / EBITDA
9.1
Industry P/E
27.3
ROCE
14.7%
ROCE 5y average
14.8%
ROE
9.7%
Debt / Equity
0.0
Interest coverage
11.2
Dividend yield
5.5%
ROE 3y average
10.0%
ROE last year
10.0%

Annual P&L

Annual revenue
₹2,330 Cr
Annual profit
₹134 Cr
Operating margin
12.0%
Net profit margin
5.8%
EBITDA margin
12.3%
Sales growth 3y
1.4%
Sales growth 5y
1.9%
Profit growth 3y
12.0%
Profit growth 5y
-15.0%
EPS
₹5.9
Sales growth TTM
7.0%
Profit growth TTM
6.0%
Dividend payout
118.0%

Quarter P&L

Sales latest quarter
₹628 Cr
Profit latest quarter
₹31 Cr
YoY quarterly sales growth
5.1%
YoY quarterly profit growth
-35.4%
OPM latest quarter
10.6%

Balance Sheet

Book Value
₹60.4
Face Value
₹10.0
Total debt
₹14 Cr
Total cash
₹408 Cr
Borrowings
₹14 Cr
Reserves / Equity
5.0

Cash Flow

Operating cash flow
₹198 Cr
Free cash flow
₹146 Cr
FCF yield
4.5%
Net cash flow
-₹386 Cr

Shareholding

Promoter holding
69.4%
FII holding
1.1%
DII holding
13.9%
Public holding
15.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
UltraTech Cem.10,658.0036.43,14,0692.252,603.715.824,648.215.812.7
Grasim Inds2,921.1034.61,98,7910.343,846.350.048,716.221.48.0
Ambuja Cements356.9018.888,6830.56660.0-29.89,500.0-7.75.6
Shree Cement21,780.0048.278,5840.69531.1-17.76,233.118.010.3
J K Cements5,047.0039.938,9970.40274.6-14.54,031.720.315.1
Dalmia BharatLtd1,640.1028.030,7630.55192.0-15.33,890.07.07.6
ACC1,165.5011.521,8870.64147.0-56.35,808.0-4.611.3
Heidelberg Cem.127.4923.82,8895.4930.6-36.7628.15.114.7
Median159.1327.92,7800.3340.6-22.7742.79.57.0

Competes with: ACC Limited, Ambuja Cements, Dalmia Bharat, Grasim Industries Limited, JK Cement, Shree Cement, UltraTech Cement

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales596566607597532461543612598512574646628
Expenses503497542508454424510522509454521558561
Material Cost120106102107125128
Change in Inventories-1.93-8.96-2025-0.76-5.96
Purchases of Stock-in-Trade9.778.604.0769.9611
Employee Cost483941395042
Other Expenses346364326345374386
Operating Profit93696589783733918958538867
OPM %16121115158.126.131515119.221411
Other Income13141314121391199146
Exceptional items (within Other Income)000-4.56-3.480
Interest9989997566413
Depreciation27272728282628272727282729
Profit before tax7048436653158706533226341
Tax %25262627252631272526312825
Net Profit5236314840115504825164531
EPS in Rs2.311.581.392.131.760.490.232.232.131.100.6921.35
Diluted EPS in Rs2.232.131.100.6921.35

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0441,6481,7171,8892,1332,1702,1172,2972,2382,3662,1492,3302,360
Expenses1,7831,4171,4391,5261,6501,6421,6101,8621,9892,0491,9092,0432,095
Material Cost407440
Change in Inventories14-5.16
Purchases of Stock-in-Trade2129
Employee Cost157170
Other Expenses1,3111,410
Operating Profit261231279363483528507435249317240287265
OPM %13141619232424191113111211
Other Income135222420355346494555452420
Exceptional items (within Other Income)0-8.04
Interest1391089074757451364635291815
Depreciation13810099101102109111112112110110109111
Profit before tax12045114208342398391335136227146184160
Tax %502233363533202527262727
Net Profit60357613322126831525299168107134116
EPS in Rs2.631.563.365.889.741214114.387.404.715.915.14
Diluted EPS in Rs4.715.91
Dividend Payout %00594341635881160108149118

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
4%
5 years
2%
3 years
1%
TTM
7%

Compounded profit growth

10 years
15%
5 years
-15%
3 years
12%
TTM
6%

Stock price CAGR

10 years
-1%
5 years
-13%
3 years
-12%
1 year
-36%

Return on equity

10 years
14%
5 years
10%
3 years
10%
Last year
10%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital227227227227227227227227227227227227
Reserves6456687408209451,0881,2671,3391,2351,2431,1691,145
Borrowings1,2991,0397056195174133061991821377514
Other Liabilities6506817358671,0081,0651,0451,0601,0221,0541,0711,052
Total Liabilities2,8202,6152,4082,5332,6962,7932,8452,8242,6652,6612,5422,438
Fixed Assets1,7941,9011,8771,8061,7371,6931,6181,5621,4901,4101,3461,392
CWIP12756681716192762811010
Investments000000055142020
Other Assets8996575247199411,0841,2081,2301,1641,2091,0651,016
Total Assets2,8202,6152,4082,5332,6962,7932,8452,8242,6652,6612,5422,438

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity238257361377393459439302226350265198
Cash from Investing Activity6-108-40-14-26-14-173-35144-48-73-341
Cash from Financing Activity-212-287-315-165-242-314-304-328-267-242-271-244
Net Cash Flow32-1386198125131-38-6110460-79-386
Free Cash Flow65135317359351415394255199277165146

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3634446658109
Inventory Days168195141125158137157147160139141125
Days Payable168204194223262243265225239235245244
Cash Conversion Cycle3-3-50-95-100-101-102-71-75-88-94-109
Working Capital Days-62-93-36-79-62-63-61-5-37-49-67-50
ROCE %9711172528252111161115

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters696969696969696969696969
FIIs3.914.334.484.423.132.312.271.351.421.181.151.07
DIIs8.971011111213131414141414
Government0.140.140.140.140.140.140.140.140.34000
Public181615151515151515151516
No. of Shareholders1,02,65091,10189,34589,80592,03987,64785,19083,55680,78179,80678,43378,468

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -37.8% (₹199.81 → ₹124.27)Brick size ₹3.52 (fixed)Bricks 43
₹150₹175₹200₹124Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹124.27 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-394inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,43,21,503inr

2026-03-31

News

News and filings about HeidelbergCement India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • coal
  • diesel
  • fuel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction Materials
Industry
Cement & Cement Products
Classification
Construction Materials › Cement & Cement Products
ISIN
INE578A01017

Plants

  • Ammasandra cement plant
  • Damoh / Narsingarh-Imlai integrated cement unit · Narsingarh and Imlai, Damoh district, Madhya Pradesh
  • Jhansi grinding unit · Madora, Jhansi district, Uttar Pradesh

News impact

Big market events that reach HeidelbergCement India Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Sep 2026unspecified₹7
12 Sep 2025unspecified₹7
17 Sep 2024unspecified₹8
20 Sep 2023unspecified₹7
30 Aug 2022unspecified₹9
17 Sep 2021unspecified₹8
10 Sep 2020unspecified₹6
5 Dec 2019interim₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.