HeidelbergCement India Limited

BSE: HEIDELBERG500292ISIN INE578A01017

Commodities
Cement & Cement Products
BSE 1000

Share price

₹122.35+2.30 (+1.92%)

as of 5 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹193.85
52W low: ₹115.00
Off 52W high: -36.88%
1M return: -4.23%
3M return: -22.09%
6M return: -25.05%
1Y return: -36.88%
20D avg volume: 17,273
50 DMA: ₹137.49
200 DMA: ₹152.85

Key ratios Standalone

Market cap: ₹2,773 Cr
Current price: ₹122.35
52W high / low: ₹193.85 / ₹115.00
Face value: ₹10.00
P/E: 25.65
P/B: 2.07
EPS (TTM): ₹4.77
Book value / share: ₹59.11
ROE: 8.07%
ROCE: 12.70%
Operating margin: 9.66%
Net margin: 2.95%
Debt / equity: 0.00
Net debt: ₹-67.49 Cr
Interest cover: 11.35
Dividend yield: 5.72%
Dividend / share (TTM): ₹7.00
Payout: 146.75%
Cash conversion cycle: -14.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	567.78	628.11	646.22	574.17	511.66	597.54	612.46	542.82	461.41	532.19	596.55	607.13
	6.67	6.29	7.23	6.05	8.96	9.44	11.21	9.36	12.77	12.13	13.80	13.08
	574.45	634.40	653.45	580.22	520.62	606.98	623.67	552.18	474.18	544.32	610.35	620.21
	551.84	593.43	586.77	553.17	487.15	542.39	554.11	544.63	458.95	490.85	544.54	577.58
	120.96	128.49	124.96	106.57	102.36	106.18	120.41	90.28	90.65	105.40	115.33	107.12
	7.81	11.41	9.96	6.00	4.07	8.60	9.77	11.15	—	—	—	—
	42.72	41.51	49.81	38.90	41.39	39.44	47.76	31.96	37.77	39.46	44.85	35.88
	3.14	3.15	1.13	4.27	6.06	6.30	5.05	7.15	8.53	8.56	8.54	8.49
	29.09	28.98	27.33	27.67	26.96	27.07	27.24	27.94	26.47	28.14	28.34	27.42
	345.56	385.85	374.34	345.16	326.35	363.76	345.81	120.69	99.83	101.56	102.09	117.04
	22.61	40.97	66.68	27.05	33.47	64.59	69.56	7.55	15.23	53.47	65.81	42.63
	0.00	0.00	-3.48	-4.56	0.00	0.00	0.00	—	—	—	—	—
	22.61	40.97	63.20	22.49	33.47	64.59	69.56	7.55	15.23	53.47	65.81	42.63
	5.84	10.42	17.99	6.89	8.54	16.36	19.11	2.36	4.02	13.57	17.65	11.16
	16.77	30.55	45.21	15.60	24.93	48.23	50.45	5.19	11.21	39.90	48.16	31.47
	0.74	1.35	2.00	0.69	1.10	2.13	2.23	0.23	0.49	1.76	2.13	1.39
Key metrics
	54.84	73.10	91.66	54.43	66.49	97.96	101.85	42.64	50.23	90.17	102.69	78.54
	9.70%	11.60%	14.20%	9.50%	13.00%	16.40%	16.60%	7.90%	10.90%	16.90%	17.20%	12.90%
	3.00%	4.90%	7.00%	2.70%	4.90%	8.10%	8.20%	1.00%	2.40%	7.50%	8.10%	5.20%
	1.80%	—	4.10%	—	2.60%	—	4.60%	—	—	—	—	—
	11.00%	5.10%	5.50%	5.80%	10.90%	12.30%	2.70%	-10.60%	—	—	—	—
	-32.70%	-36.70%	-10.40%	200.60%	122.40%	20.90%	4.80%	-83.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,416	2,330	2,149	2,366	2,238	2,297
	26.24	31.68	45.47	54.52	45.29	49.07
	2,443	2,361	2,194	2,420	2,283	2,346
	2,285	2,169	2,049	2,193	2,148	2,011
	480.98	440.07	406.74	432.63	413.58	450.36
	35.18	28.63	20.92	—	—	—
	172.94	169.54	156.95	152.68	133.03	130.68
	11.69	17.76	29.29	34.76	46.06	36.44
	113.07	109.03	109.79	109.67	112.31	112.05
	1,451	1,410	1,311	414.64	370.98	364.94
	157.31	191.79	145.81	226.81	135.77	335.13
	-8.04	-8.04	0.00	—	—	—
	149.27	183.75	145.81	226.81	135.77	335.13
	41.14	49.78	39.06	59.06	36.60	82.87
	108.13	133.97	106.75	167.75	99.17	252.26
	4.78	5.91	4.71	7.40	4.38	11.13
Key metrics
	274.03	310.54	284.89	371.24	294.14	483.62
	11.34%	13.30%	13.30%	15.70%	13.10%	21.10%
	4.48%	5.80%	5.00%	7.10%	4.40%	11.00%
	—	12.70%	10.80%	—	—	—
	6.70%	8.40%	-9.20%	5.70%	-2.60%	—
	-16.05%	25.50%	-36.40%	69.20%	-60.70%	—
	—	145.70	155.29	—	—	—
	—	1.48	2.48	—	—	—
	—	0.00	0.05	—	—	—
	—	-67.49	-388.71	—	—	—
	—	-14.3	-11.5	—	—	—
Balance sheet
	—	2,438	2,542	—	—	—
	—	942.25	1,013	—	—	—
	—	67.49	453.58	—	—	—
	—	59.64	57.18	—	—	—
	—	159.10	171.04	—	—	—
	—	306.51	297.00	—	—	—
	—	1,377	1,335	—	—	—
	—	309.62	296.39	—	—	—
	—	853.86	928.02	—	—	—
	—	0.00	64.87	—	—	—
	—	0.00	64.87	—	—	—
	—	0.00	0.00	—	—	—
	—	1,372	1,395	—	—	—
Cash flow
	—	198.08	264.65	—	—	—
	—	-340.56	-72.54	—	—	—
	—	-243.61	-271.29	—	—	—
	—	52.38	109.36	—	—	—

Compounded growth

Sales CAGR 3Y: +1.34%
Sales CAGR 5Y: —
Profit CAGR 3Y: +10.55%
Profit CAGR 5Y: —
Sales YoY (TTM): +6.70%
Profit YoY (TTM): -16.05%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.39%

Holder	Type	Holding	Previous	Change
HEIDELBERG MATERIALS SOUTH ASIA B.V.	Promoter	69.39%	—	—
SBI ELSS TAX SAVER FUND	Public	4.72%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	3.57%	—	—
ICICI PRUDENTIAL INFRASTRUCTURE FUND	Public	3.16%	—	—
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND	Public	1.90%	—	—
NIHAR NANDAN NILEKANI	Public	1.43%	—	—
S.A. Heidelberg Materials Benelux N.V.	Promoter Group	0.00%	—	—
Heidelberg Materials Netherlands Holding B.V.	Promoter Group	0.00%	—	—
Heidelberg Materials AG	Promoter Group	0.00%	—	—
Heidelberg Materials International Holding GmbH	Promoter Group	0.00%	—	—
Heidelberg Materials Holding S.à r.l.	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
UltraTech Cement Ltd	3,60,687	12,240.00	40.83	11.90%	+17.79% TTM	+19.27% TTM	+3.59%
Grasim Industries Ltd	2,19,362	3,223.35	19.28	4.00%	+20.48% TTM	+31.03% TTM	+11.89%
Ambuja Cements Ltd.	96,411	388.00	30.90	4.60%	+3.12% TTM	-56.51% TTM	-31.61%
Shree Cements Ltd.	89,373	24,770.40	56.22	10.20%	+14.32% TTM	-7.69% TTM	-10.28%
J.K. CEMENT LTD	40,537	5,247.45	42.75	13.30%	+17.33% TTM	-8.34% TTM	-9.16%
DALMIA BHARAT LIMITED	27,510	1,466.70	54.05	7.00%	+6.14% TTM	-55.31% TTM	-28.48%
ACC Ltd	23,038	1,226.80	26.10	10.40%	+4.64% TTM	-73.56% TTM	-33.02%
The Ramco Cements Limited	19,169	811.25	31.53	10.50%	+8.72% TTM	+64.48% TTM	-21.05%
JSW CEMENT LIMITED	16,715	122.60	23.11	-4.10%	—	—	-9.19%
Nuvoco Vistas Corporation Limited	12,331	345.25	29.74	6.30%	+10.62% TTM	+51.45% TTM	-13.54%
India Cements Ltd.	10,766	347.40	87.88	0.30%	+5.24% TTM	+851.09% TTM	-12.75%
Star Cement Limited	7,287	180.30	19.90	15.50%	+14.53% TTM	+55.17% TTM	-28.07%
Birla Corporation Ltd.	6,428	834.75	12.84	8.70%	+3.33% TTM	+0.58% TTM	-30.29%
JK Lakshmi Cement Limited	5,880	473.65	18.93	11.60%	+5.17% TTM	-35.85% TTM	-44.38%
PRISM JOHNSON LIMITED.	5,174	102.79	34.90	6.30%	+1.01% TTM	+156.48% TTM	-28.24%
HeidelbergCement India Limited S	2,773	122.35	25.65	12.70%	+6.70% TTM	-16.05% TTM	-36.88%
ORIENT CEMENT LIMITED S	2,582	125.65	13.42	13.30%	-17.66% TTM	-37.32% TTM	-40.87%
Mangalam Cement Ltd. S	2,486	903.95	24.35	11.00%	+0.70% TTM	+32.39% TTM	+18.82%
K.C.P. LTD	2,076	161.05	8.57	11.50%	+6.55% TTM	-16.75% TTM	-19.60%
Sagar Cements Ltd	1,795	137.35	-41.09	2.20%	+11.81% TTM	+73.39% TTM	-39.80%
Shree Digvijay Cement Co. Ltd.	839	56.69	-98.75	5.10%	+32.60% TTM	-122.65% TTM	-37.52%
NCL Industries Limited	750	165.70	8.10	12.30%	+2.74% TTM	+182.96% TTM	-17.73%
Visaka Industries Ltd.	743	85.97	8.65	14.60%	+10.76% TTM	+119.30% TTM	+5.52%
Deccan Cements Ltd.	665	475.00	113.95	4.50%	+39.38% TTM	-70.89% TTM	-54.17%
Saurashtra Cement Limited	544	48.92	60.54	1.50%	+1.54% TTM	-73.89% TTM	-50.88%

Filings & corporate actions

Recent announcements

Newspaper Publication30 Oct 2026 · Company Update / Newspaper Publication
Monthly reporting regarding request for re-lodgement of transfer request of physical form30 Oct 2026 · Company Update / General
Intimation of Change in Management29 Oct 2026 · Company Update / Change in Management
Outcome of Board Meeting Dated 29.10.202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board Meeting Dated 29.10.202629 Oct 2026 · Result / Financial Results
Newspaper Publication27 Oct 2026 · Company Update / Newspaper Publication
Heidelbergcement India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve Pursuant to Regulation ....23 Oct 2026 · Board Meeting / Board Meeting
CRISIL ESG Ratings & Analytics Limited has assigned an ESG Rating of "60" to the Company.9 Oct 2026 · Company Update / General
Certificate under Reg 74(5) of SEBI DP Regulations for the quarter ended 30 September 20269 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Monthly reporting regarding request for re-lodgement of transfer request of physical form30 Sep 2026 · Company Update / General
Scrutinizer''s Report of 67th AGM28 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Gist of Proceedings of the 67th AGM of HeidelbergCement India Limited.24 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI LODR 201513 Sep 2026 · Company Update / General
Newspaper Publication3 Sep 2026 · Company Update / Newspaper Publication
Annual Report2 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find attached BRSR2 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Record Date for Final Dividend2 Sep 2026 · Corp. Action / Record Date
Notice of AGM dated 24.09.20262 Sep 2026 · AGM/EGM / AGM
Monthly reporting regarding request for re-lodgement of transfer request of physical form31 Aug 2026 · Company Update / General
Pre-AGM Notice Newspaper Publication27 Aug 2026 · Company Update / Newspaper Publication
Monthly reporting regarding request for re-lodgement of transfer request of physical form31 Jul 2026 · Company Update / General
Newspaper Announcements30 Jul 2026 · Company Update / Newspaper Publication
We submit the outcome of Board Meeting held on 29 July 2026, inter alia to consider and approve the unaudited financial results for the quarter ended 30 June 202629 Jul 2026 · Result / Financial Results
HeidelbergCement India Limited submits its outcome of Board Meeting held on 29 July 2026 to inter alia consider and approve the unaudited financial results for the quarter ended 30 June 202629 Jul 2026 · Board Meeting / Outcome of Board Meeting
Heidelbergcement India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve unaudited financial ....23 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20189 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Monthly Reporting regarding request for re-lodgement of transfer request of physical form30 Jun 2026 · Company Update / General
Newspaper Publication29 Jun 2026 · Company Update / Newspaper Publication
Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication24 Jun 2026 · Company Update / Newspaper Publication
Transcript of Earnings Call.3 Jun 2026 · Company Update / Earnings Call Transcript
Annual Secretarial Compliance Report30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Monthly Reporting regarding request for re-lodgement of transfer request of physical form30 May 2026 · Company Update / General
Link of Audio Recording of Earnings Call - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201530 May 2026 · Company Update / Analyst / Investor Meet
Investor Presentation29 May 2026 · Company Update / Investor Presentation
Newspaper Publication26 May 2026 · Company Update / Newspaper Publication
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that PhillipCapital (India) Private Limited is organising ....25 May 2026 · Company Update / Analyst / Investor Meet
Outcome of Board Meeting Dated 25-05-202625 May 2026 · Company Update / Change in Management
Outcome of Board Meeting Dated 25-05-202625 May 2026 · Corp. Action / Dividend

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 7.0000	11 Sep 2026	11 Sep 2026	—
Final Dividend - Rs. - 7.0000	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 8.0000	17 Sep 2024	18 Sep 2024	—

Board meetings

29 Oct 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results