HeidelbergCement India Limited

NSE: HEIDELBERG · Unclassified

₹120.30-1.67%06 Nov 2026

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Instant answers about HeidelbergCement India Limited — computed from its filings, no language model

Market cap₹2,726 cr

Current price₹120.30

High / Low₹198 / ₹118

P/E25.2

P/B2.16

Book value₹55.6

ROE8.6%

ROCE12.8%

Debt / equity0.00

Dividend yield5.82%

EPS (TTM)₹4.77

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,170	2,117	2,297	2,238	2,366	2,149	2,330
EBITDA	528	507	435	249	317	239	287
Operating margin	24.3%	23.9%	18.9%	11.1%	13.4%	11.1%	12.3%
Interest	74	51	36	46	35	29	18
Depreciation	109	111	112	112	110	110	109
Profit before tax	398	391	335	136	227	146	184
Tax	130	76	83	37	59	39	50
Net profit	0	315	252	99	168	107	134
EPS ₹	11.83	13.90	11.13	4.38	7.40	4.71	5.91
Operating cash flow	—	—	302	226	350	265	198
Capex	—	—	47	28	74	109	52
Dividend paid	—	—	181	203	158	181	159
Total assets	—	—	—	2,665	2,661	2,542	2,438
Equity	—	—	—	1,461	1,470	1,395	1,372

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	JUN '18	SEP '18	DEC '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	540	486	564	589	522	548	510	408	514	595	600	556	576	545	620	506	602	596	566	607	597	532	461	543	612	598	512	574	646	628	568
Operating profit	119	117	123	158	123	120	127	108	126	120	152	131	116	68	119	48	69	93	69	65	89	78	37	33	91	89	58	53	88	67	48
Operating margin	22.1%	24.0%	21.7%	26.8%	23.5%	21.9%	25.0%	26.6%	24.5%	20.2%	25.4%	23.6%	20.2%	12.6%	19.1%	9.4%	11.5%	15.6%	12.3%	10.8%	14.9%	14.7%	8.1%	6.1%	14.8%	14.8%	11.2%	9.2%	13.6%	10.6%	8.5%
Other income	7	6	10	12	12	11	17	10	10	12	15	11	14	12	12	11	13	13	14	13	14	12	13	9	11	9	9	6	7	6	7
Interest	22	20	17	20	19	19	16	16	13	12	9	10	11	10	5	21	7	9	9	8	9	9	9	7	5	6	6	4	1	3	3
Depreciation	25	25	25	28	26	27	28	28	28	28	27	28	28	28	28	28	27	27	27	27	28	28	26	28	27	27	27	28	27	29	29
Profit before tax	79	77	90	122	90	86	101	74	95	92	130	104	91	43	98	10	49	70	48	43	66	53	15	8	70	65	33	22	63	41	23
Tax	28	27	32	43	32	21	34	26	32	28	-10	35	31	12	4	3	14	18	12	11	18	14	4	2	19	16	9	7	18	10	6
Net profit	51	0	59	0	0	65	0	49	62	64	140	69	60	30	94	7	35	52	36	31	48	40	11	5	50	48	25	16	45	31	17
EPS ₹	2.26	2.21	2.58	3.49	2.57	2.85	2.93	2.16	2.75	2.81	6.18	3.03	2.63	1.34	4.13	0.31	1.54	2.31	1.58	1.39	2.13	1.76	0.49	0.23	2.23	2.13	1.10	0.69	2.00	1.35	0.74
Revenue YoY	—	—	—	9.1%	7.5%	-2.7%	—	-30.8%	-1.6%	8.5%	17.7%	36.4%	12.2%	-8.5%	3.3%	-12.2%	-2.9%	—	11.9%	—	-0.9%	-10.7%	-18.5%	-10.6%	2.7%	12.3%	10.9%	5.8%	5.5%	5.1%	11.0%
Profit YoY	—	—	—	-100.0%	—	10.3%	—	—	—	-1.5%	—	40.3%	-4.6%	-52.2%	-33.1%	-88.2%	-62.6%	—	410.7%	—	37.7%	-23.7%	-68.7%	-83.5%	4.8%	20.9%	122.4%	200.6%	-10.4%	-36.7%	-32.7%

Earlier results (standalone, Sep '07 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

HeidelbergCement India Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	1,009	1,197	1,430	1,641	1,655	1,942	1,962
Operating profit	57	98	150	254	238	296	363
Operating margin	5.6%	8.2%	10.5%	15.5%	14.4%	15.3%	18.5%
Other income	—	—	—	12	15	6	20
Interest	5	22	119	112	109	90	74
Depreciation	32	41	107	111	94	99	101
Profit before tax	20	35	-11	43	50	114	208
Tax	6	14	-16	31	12	37	74
Net profit	15	22	5	12	39	76	133

Quarters

showing latest 8 of 39 periods

	SEP '07†	MAR '08†	JUN '08†	SEP '08†	MAR '09†	JUN '09†	SEP '09†	MAR '10†	JUN '10†	SEP '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†
Revenue	151	181	166	137	263	297	216	275	248	175	278	253	208	260	288	307	256	263	370	367	302	359	403	411	406	418	406	439	403	408	406	470	463	471	539	514	426	491	531
Operating profit	21	33	23	14	56	75	48	67	46	12	47	27	-3	7	27	39	21	0	37	40	15	27	68	70	56	61	67	52	50	63	73	89	73	56	79	67	93	83	120
Operating margin	14.1%	18.2%	13.7%	10.4%	21.3%	25.2%	22.2%	24.5%	18.7%	6.8%	17.0%	10.7%	-1.6%	2.5%	9.3%	12.8%	8.3%	0.1%	10.1%	10.9%	4.9%	7.6%	16.8%	17.0%	13.9%	14.6%	16.5%	11.8%	12.5%	15.4%	18.0%	18.8%	15.7%	11.9%	14.7%	13.1%	21.9%	16.9%	22.6%
Other income	3	9	6	0	—	—	—	1	—	—	—	—	—	—	—	—	—	—	—	—	—	3	2	2	3	3	4	4	4	4	4	1	1	1	4	2	2	9	6
Interest	1	1	1	1	1	2	1	1	1	1	1	1	1	1	2	3	2	3	14	26	30	36	27	27	29	29	27	27	27	27	27	25	23	22	20	20	19	19	17
Depreciation	3	4	4	4	6	6	6	7	7	7	8	8	8	8	8	8	8	8	17	26	27	27	26	26	28	29	29	23	23	23	24	25	25	25	25	25	26	25	25
Profit before tax	20	37	24	10	49	67	41	60	39	4	39	19	-12	-3	17	29	11	-11	7	-12	-43	-32	77	18	2	7	15	5	3	16	26	40	25	-5	54	25	51	48	83
Tax	0	0	0	0	0	22	14	20	13	1	13	5	-4	-1	5	9	4	-4	5	-4	-15	-26	29	6	1	17	7	2	1	7	2	14	9	-2	17	9	18	17	31
Net profit	20	37	24	10	49	45	27	40	26	3	26	13	-8	-2	11	19	8	-7	2	-8	-28	-7	48	12	2	-10	8	3	2	9	24	26	16	-4	37	16	33	32	52
EPS ₹	1.23	2.33	1.49	0.61	2.14	1.95	1.18	1.76	1.13	0.12	1.15	0.58	-0.36	-0.08	0.50	0.85	0.33	-0.32	0.10	-0.35	-1.25	-0.29	2.11	0.52	0.07	-0.44	0.36	0.15	0.09	0.39	1.07	1.16	0.73	-0.16	1.63	0.71	1.47	1.40	2.30
Revenue YoY	—	—	—	-9.2%	45.0%	79.2%	58.1%	4.4%	-16.4%	-19.1%	1.3%	1.7%	19.0%	—	3.3%	21.6%	23.1%	1.0%	28.8%	19.3%	17.7%	36.3%	8.8%	11.9%	34.6%	16.7%	0.8%	6.9%	-0.8%	-2.5%	-0.1%	7.2%	14.9%	15.4%	32.8%	9.1%	-7.9%	4.4%	-1.4%
Profit YoY	—	—	—	-49.1%	31.3%	86.7%	169.2%	-17.6%	-42.3%	-89.6%	-35.4%	-48.9%	-389.4%	—	-56.0%	46.4%	—	—	-80.8%	-141.3%	-477.5%	—	2075.0%	—	—	—	-82.9%	-71.7%	34.6%	—	197.8%	683.9%	685.7%	-140.2%	52.4%	-38.9%	101.7%	—	40.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	11.1%	11.4%	10.6%	9.8%	7.8%	7.7%	8.2%	9.8%	10.6%	9.8%	8.5%	8.6%
ROCE	—	—	—	—	—	—	—	—	—	15.4%	16.4%	15.3%	14.4%	11.9%	12.0%	12.6%	14.5%	15.4%	14.7%	12.7%	12.8%
Net margin	3.0%	5.7%	8.9%	8.6%	14.9%	14.8%	14.3%	13.1%	11.0%	6.5%	7.1%	6.7%	6.0%	4.9%	5.0%	5.2%	5.7%	6.1%	5.8%	4.9%	4.5%
EBITDA margin	24.3%	24.1%	24.3%	23.8%	23.9%	23.4%	22.3%	20.6%	18.9%	12.5%	13.4%	13.1%	12.3%	11.1%	11.1%	11.3%	11.9%	12.6%	12.3%	11.2%	10.6%
Debt / equity	—	—	—	—	—	—	—	—	—	0.13	0.09	0.09	0.10	0.10	0.05	0.05	0.05	0.05	0.00	0.00	0.00
Interest coverage	6.39	6.01	6.51	7.24	8.69	10.34	10.71	10.09	10.20	7.41	7.53	7.15	6.19	5.33	5.98	6.81	8.13	9.77	11.35	11.96	13.77
Asset turnover	—	—	—	—	—	—	—	—	—	0.90	0.89	0.87	0.86	0.84	0.85	0.87	0.93	0.94	0.96	0.97	1.08

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	227	227	227	227	227	227	227	227	227
Other equity / reserves	1,193	1,235	1,164	1,243	1,113	1,169	1,083	1,145	1,034
Total equity	1,420	1,461	1,391	1,470	1,340	1,395	1,310	1,372	1,261
Borrowings	199	174	182	125	130	65	67	0	0
Current liabilities	827	850	883	905	925	928	914	854	770
Non-current liabilities	417	353	361	286	286	219	214	213	209
Total assets	2,664	2,665	2,634	2,661	2,551	2,542	2,437	2,438	2,239
Property, plant & equipment	1,515	1,482	1,432	1,397	1,354	1,335	1,283	1,377	1,326
Capital work-in-progress	20	6	9	28	92	110	133	10	18
Investments	5	5	5	14	14	20	20	20	20
Inventories	205	175	196	176	220	171	158	159	182
Receivables	40	31	37	55	54	57	68	60	57
Cash & equivalents	224	473	532	533	410	454	381	67	189

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	302	226	350	265	198
Cash from investing	-35	144	-48	-73	-341
Cash from financing	-328	-267	-242	-271	-244
Capex	47	28	74	109	52
Free cash flow	255	199	276	155	146
Dividends paid	181	203	158	181	159

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,326 cr59%

CWIP

₹18 cr1%

Investments

₹20 cr1%

Inventories

₹182 cr8%

Receivables

₹57 cr3%

Cash & equivalents

₹189 cr8%

Other assets

₹446 cr20%

Peer comparison

largest in Unclassified · this company in bold

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Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
HeidelbergCement India Limited	2,726	120.30	25.2	2.16	8.6%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-5.6%

6 months-26.2%

1 year-39.9%

3Y CAGR-14.0%

5Y CAGR-13.8%

10Y CAGR-1.4%

50-day avg₹136.60

200-day avg₹152.58

RSI (14)39

FAQs

What is the share price of HeidelbergCement India Limited?

HeidelbergCement India Limited (HEIDELBERG) closed at ₹120.30 on NSE on 06 Nov 2026.

What is the market cap of HeidelbergCement India Limited?

₹2,726 crore at the latest close.

What is the P/E ratio of HeidelbergCement India Limited?

25.2, on trailing-twelve-month earnings from its filings.

How fast is HeidelbergCement India Limited growing?

HeidelbergCement India Limited: revenue has compounded at 1.3% a year over three years; net profit at 10.5% a year. Latest-quarter revenue is up 11.0% year on year, profit down 32.7%.

How profitable is HeidelbergCement India Limited?

On a trailing-twelve-month basis return on equity is 8.6%, return on capital employed 12.8%, operating margin 10.6%, net margin 4.5%.

How much debt does HeidelbergCement India Limited have?

HeidelbergCement India Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹189 cr (balance sheet of 2026-09-30). Operating profit covers interest 13.8 times.

Financials parsed from HeidelbergCement India Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from JUN '18, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.