HeidelbergCement India Ltd

About [ edit ]

HeidelbergCement India is engaged in the manufacturing and selling of Cement.

  • Market Cap 5,532 Cr.
  • Current Price 244
  • High / Low 256 / 141
  • Stock P/E 22.9
  • Book Value 56.9
  • Dividend Yield 3.07 %
  • ROCE 27.6 %
  • ROE 21.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.07%.
  • Company has delivered good profit growth of 51.15% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 49.01%

Cons

  • The company has delivered a poor sales growth of 1.20% over past five years.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
531 540 486 564 543 589 522 548 510 408 514 595
411 421 369 441 418 432 399 428 382 299 388 475
Operating Profit 120 119 117 123 125 158 123 120 127 108 126 120
OPM % 23% 22% 24% 22% 23% 27% 24% 22% 25% 27% 25% 20%
Other Income 6 7 6 10 11 12 12 11 17 10 10 12
Interest 17 22 20 17 16 20 19 19 16 16 13 12
Depreciation 25 25 25 25 25 28 26 27 28 28 28 28
Profit before tax 83 79 77 90 95 122 90 86 101 74 95 92
Tax % 37% 35% 35% 35% 36% 35% 35% 25% 34% 34% 34% 31%
Net Profit 52 51 50 59 61 79 58 65 66 49 62 64
EPS in Rs 2.30 2.26 2.21 2.58 2.69 3.49 2.57 2.85 2.93 2.16 2.75 2.81

Profit & Loss

Figures in Rs. Crores

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
762 936 866 988 870 1,209 2,044 1,648 1,694 1,889 2,133 2,170 2,026
670 770 767 922 793 1,107 1,722 1,417 1,416 1,526 1,650 1,642 1,545
Operating Profit 92 166 99 66 76 102 322 231 279 363 483 528 482
OPM % 12% 18% 11% 7% 9% 8% 16% 14% 16% 19% 23% 24% 24%
Other Income 40 39 30 12 3 12 74 22 24 20 35 53 49
Interest 4 4 4 4 10 106 139 108 90 74 75 74 58
Depreciation 21 26 29 31 24 89 138 100 99 101 102 109 111
Profit before tax 107 175 96 42 46 -81 120 45 114 208 342 398 362
Tax % -18% 23% 34% 31% 32% 50% 50% 22% 33% 36% 35% 33%
Net Profit 126 134 63 29 31 -41 60 35 76 133 221 268 241
EPS in Rs 5.91 2.79 1.29 1.36 -1.80 2.63 1.56 3.36 5.88 9.74 11.83 10.65
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% 59% 43% 41% 63%
Compounded Sales Growth
10 Years:9%
5 Years:1%
3 Years:9%
TTM:-8%
Compounded Profit Growth
10 Years:7%
5 Years:51%
3 Years:52%
TTM:-8%
Stock Price CAGR
10 Years:18%
5 Years:22%
3 Years:17%
1 Year:71%
Return on Equity
10 Years:9%
5 Years:14%
3 Years:19%
Last Year:22%

Balance Sheet

Figures in Rs. Crores

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
240 240 227 227 227 227 227 227 227 227 227 227 227
Reserves 370 496 557 589 620 607 645 668 740 820 945 1,088 1,063
Borrowings 10 2 -0 777 1,031 1,357 1,299 1,039 705 619 517 413 294
321 351 438 563 578 568 650 681 735 867 1,008 1,065 1,275
Total Liabilities 859 1,076 1,222 2,156 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,859
274 316 330 348 374 1,787 1,794 1,901 1,877 1,806 1,737 1,693 1,647
CWIP 56 59 428 1,054 1,517 167 127 56 6 8 17 16 20
Investments 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
529 701 463 754 564 804 899 657 524 719 941 1,084 1,193
Total Assets 859 1,076 1,222 2,156 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,859

Cash Flows

Figures in Rs. Crores

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
153 215 56 52 50 119 238 257 361 377 393 457
-38 -244 3 -630 -431 -195 6 -108 -40 -14 -26 -14
-8 -10 -23 690 144 117 -212 -287 -315 -165 -242 -312
Net Cash Flow 106 -40 36 112 -238 41 32 -138 6 198 125 131

Ratios

Figures in Rs. Crores

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 23% 27% 13% 4% 2% 1% 9% 7% 11% 17% 25% 28%
Debtor Days 10 9 10 9 9 9 3 6 3 4 4 4
Inventory Turnover 5.32 5.86 5.98 5.43 3.40 3.52 5.02 4.25 4.97 6.11 6.06 5.51

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
69.39 69.39 69.39 69.39 69.39 69.39 69.39 69.39 69.39 69.39 69.39 69.39
11.74 11.97 11.77 11.72 11.68 10.15 9.89 10.41 9.70 8.76 9.25 8.87
5.97 6.20 6.54 6.89 7.08 8.46 8.45 8.34 8.00 6.74 7.10 7.98
0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
12.75 12.29 12.16 11.85 11.70 11.86 12.13 11.71 12.77 14.97 14.11 13.62

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