Is Heidelberg Cement India a good quality company?

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

Is Heidelberg Cement India 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 Somewhat overvalued zone .

What is Heidelberg Cement India share price return in the past 10 years?

Heidelberg Cement India Ltd share price has appreciated 9.4% annually (CAGR) over the past ten years.

Is Heidelberg Cement India 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.

What is the P/E ratio of Heidelberg Cement India?

The latest standalone P/E ratio of Heidelberg Cement India as of 22-Nov-2024 is 36.96.

What is the P/B ratio of Heidelberg Cement India?

The latest standalone P/B ratio of Heidelberg Cement India as of 22-Nov-2024 is 3.61.

What is the 52-week high and low of Heidelberg Cement India?

The 52-week high of Heidelberg Cement India is Rs. 257.85 and the 52-week low is Rs. 189.55.

Heidelberg Cement India Ltd - Stock Valuation and Financial Performance

Name: Heidelberg Cement India
Brand: Heidelberg Cement India

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

Place order

Heidelberg Cement Share Price

₹213.25 2.95 1.40%
as on 22-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.9%	7.5%	11.3%	16.9%	24.8%	27.7%	25.2%	21%	10.7%	16.2%	-
Value Creation Index ⓘ	-0.2	-0.5	-0.2	0.2	0.8	1.0	0.9	0.5	-0.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,635	1,648	1,717	1,889	2,133	2,170	2,117	2,297	2,238	2,366	2,197
Sales YoY Gr.	-	0.8%	4.2%	10%	12.9%	1.7%	-2.4%	8.5%	-2.6%	5.7%	-
Adj EPS ⓘ	0.6	1.5	3.4	5.8	9.7	11.9	13.8	11.1	4.4	7.4	5.8
YoY Gr.	-	156.7%	118.2%	73.8%	66.4%	21.9%	16.7%	-19.8%	-60.1%	67.7%	-
BVPS (₹) ⓘ	30.3	39.5	42.7	46.2	51.7	58	65.9	69.1	64.5	64.9	59.1
Adj Net Profit ⓘ	13.6	35	76	132	220	269	313	251	100	168	131
Cash Flow from Ops. ⓘ	190	257	361	377	393	459	439	302	226	350	-
Debt/CF from Ops. ⓘ	5.5	4	2	1.6	1.3	0.9	0.7	0.6	0.8	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.2%	2.1%	3.8%	5.7%
Adj EPS ⓘ	32.2%	-5.3%	-18.8%	67.7%
BVPSⓘ	8.8%	4.7%	-0.5%	0.6%
Share Price	9.4%	2.8%	-3.3%	11.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2	4	8.2	13.2	19.9	21.6	22.3	16.4	6.6	11.5	9.3
Op. Profit Mgn % ⓘ	15.8	14	16.2	19.2	22.7	24.4	24	18.9	11.2	13.4	12.3
Net Profit Mgn % ⓘ	0.8	2.1	4.4	7	10.3	12.4	14.8	11	4.5	7.1	6
Debt to Equity ⓘ	1.5	1.2	0.7	0.6	0.4	0.3	0.2	0.1	0.1	0.1	0
Working Cap Days ⓘ	111	134	106	95	95	102	120	129	124	102	93
Cash Conv. Cycle ⓘ	-6	-9	-16	-22	-27	-29	-28	-20	-14	-18	14

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 9.30%

Sales growth has been subdued in last 3 years 3.78%

Net Profit has been subdued in last 3 years -18.78%

Sales growth is not so good in last 4 quarters at -4.42%

Latest Financials - Heidelberg Cement India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.8	-
TTM Sales (₹ Cr.)	2,197	-
BVPS (₹.) ⓘ	59.1	-
Reserves (₹ Cr.) ⓘ	1,113	-
P/BV ⓘ	3.61	-
PE ⓘ	36.96	-

From the Market
52 Week Low / High (₹)	189.55 / 257.85
All Time Low / High (₹)	4.05 / 300.00
Market Cap (₹ Cr.)	4,833
Equity (₹ Cr.)	226.6
Face Value (₹)	10
Industry PE ⓘ	49.1

Management X-Ray of Heidelberg Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Heidelberg Cement

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Heidelberg Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,044	1,648	1,717	1,889	2,133	2,170	2,117	2,297	2,238	2,366
Operating Expenses ⓘ	1,722	1,417	1,439	1,526	1,650	1,642	1,610	1,862	1,989	2,049
Manufacturing Costs	781	561	536	560	616	594	615	784	921	823
Material Costs	319	336	360	363	386	389	372	429	401	462
Employee Cost	134	105	115	120	124	131	127	131	133	153
Other Costs ⓘ	488	414	428	483	524	528	496	519	534	611
Operating Profit ⓘ	322	231	279	363	483	528	507	435	249	317
Operating Profit Margin (%)	15.8%	14.0%	16.2%	19.2%	22.7%	24.3%	23.9%	18.9%	11.1%	13.4%
Other Income ⓘ	14	22	24	20	35	53	46	49	45	55
Interest ⓘ	139	108	90	74	75	74	51	36	46	35
Depreciation ⓘ	138	100	99	101	102	109	111	112	112	110
Exceptional Items ⓘ	60	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	120	45	114	208	342	398	391	335	136	227
Tax ⓘ	60	10	37	74	121	130	76	83	37	59
Profit After Tax	60	35	76	133	221	268	315	252	99	168
PAT Margin (%)	2.9%	2.1%	4.4%	7.0%	10.3%	12.4%	14.9%	11.0%	4.4%	7.1%
Adjusted EPS (₹)	2.6	1.6	3.4	5.9	9.7	11.8	13.9	11.1	4.4	7.4
Dividend Payout Ratio (%)	0%	0%	59%	43%	41%	63%	58%	81%	160%	108%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	872	895	967	1,046	1,171	1,315	1,494	1,565	1,461	1,470
Share Capital ⓘ	227	227	227	227	227	227	227	227	227	227
Reserves ⓘ	645	668	740	820	945	1,088	1,267	1,339	1,235	1,243
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	925	741	575	469	392	280	294	190	174	125
Long Term Debt	925	671	575	469	392	280	174	157	111	56
Short Term Debt	0	70	0	0	0	0	120	34	63	69
Trade Payables	191	186	191	227	278	258	271	264	263	310
Others Liabilities ⓘ	832	793	674	791	855	940	786	804	767	756
Total Liabilities ⓘ	2,820	2,615	2,408	2,533	2,696	2,793	2,845	2,824	2,665	2,661
Fixed Assets
Gross Block	2,569	2,000	2,075	2,104	2,134	2,195	2,220	2,265	2,302	2,323
Accumulated Depreciation	775	99	198	298	398	502	601	703	812	913
Net Fixed Assetsⓘ	1,794	1,901	1,877	1,806	1,737	1,693	1,618	1,562	1,490	1,410
CWIP ⓘ	127	56	6	8	17	16	19	27	6	28
Investmentsⓘ	0	0	0	0	0	0	0	5	5	14
Inventories	191	178	140	127	167	146	161	173	175	176
Trade Receivables	19	26	13	19	25	26	33	40	31	55
Cash Equivalents	146	8	14	212	338	471	432	382	492	555
Others Assetsⓘ	542	446	358	361	411	442	582	635	465	424
Total Assets ⓘ	2,820	2,615	2,408	2,533	2,696	2,793	2,845	2,824	2,665	2,661

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	238	257	361	377	393	459	439	302	226	350
PBT ⓘ	120	45	114	208	342	398	391	335	136	227
Adjustment ⓘ	199	185	168	155	140	129	116	100	112	88
Changes in Working Capital ⓘ	-71	40	104	59	-17	7	-1	-78	22	98
Tax Paid ⓘ	-11	-13	-25	-44	-71	-75	-67	-55	-44	-63
Cash Flow From Investing Activity ⓘ	6	-108	-40	-14	-26	-14	-173	-35	144	-48
Capex	-6	-122	-45	-18	-42	-44	-46	-46	-27	-73
Net Investments	0	0	0	0	0	0	0	-5	0	-9
Others ⓘ	12	14	4	5	16	29	-128	16	172	34
Cash Flow From Financing Activityⓘ	-212	-287	-315	-165	-242	-314	-304	-328	-267	-242
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-172	-221	-41	-83	-125	-125	-120	-34	-63
Interest Paid ⓘ	-147	-115	-93	-70	-64	-59	-36	-22	-25	-17
Dividend Paid ⓘ	0	0	0	-45	-79	-102	-135	-181	-203	-158
Others ⓘ	-64	0	0	-9	-16	-28	-7	-5	-4	-4
Net Cash Flow ⓘ	32	-138	6	198	125	131	-38	-61	104	60

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.09	4.03	8.19	13.23	19.9	21.57	22.43	16.49	6.55	11.45
ROCE (%)	11.94	7.52	11.28	16.9	24.83	27.7	25.2	20.97	10.73	16.2
Asset Turnover Ratio	0.85	0.71	0.8	0.79	0.82	0.79	0.75	0.81	0.82	0.89
PAT to CFO Conversion(x)	3.97	7.34	4.75	2.83	1.78	1.71	1.39	1.2	2.28	2.08
Working Capital Days
Receivable Days	4	4	3	3	4	4	5	6	6	7
Inventory Days	30	35	29	25	25	26	26	27	28	27
Payable Days	218	204	192	210	238	252	259	228	240	226

Heidelberg Cement India Ltd Stock News

Heidelberg Cement India Ltd FAQs

What is the share price of Heidelberg Cement?

Company share prices are keep on changing according to the market conditions. The closing price of Heidelberg Cement on 22-Nov-2024 16:59 is ₹213.2.

What is the market cap of Heidelberg Cement?

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 22-Nov-2024 16:59 the market cap of Heidelberg Cement stood at ₹4,832.5.

What is the P/E ratio of Heidelberg Cement?

The latest P/E ratio of Heidelberg Cement as of 22-Nov-2024 16:59 is 36.96.

What is the P/B ratio of Heidelberg Cement?

The latest P/B ratio of Heidelberg Cement as of 22-Nov-2024 16:59 is 3.61.

What is the 52-week high and low of Heidelberg Cement?

The 52-week high of Heidelberg Cement is ₹257.9 and the 52-week low is ₹189.6.

What is the TTM revenue of Heidelberg Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Heidelberg Cement is ₹2,197 ( 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

Awards

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