HeidelbergCement India Ltd

HeidelbergCement India Ltd

₹ 196 -0.53%
19 Apr - close price
About

Heidelberg Cement India is the Indian subsidiary of HeidelbergCement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh), and in Southern India at Ammasandra (Karnataka). [1]

The company sells under the MyCem and MyCem Power brand. [2]

Key Points

Segment[1]
The company is into production of 100% blended cement. The company also produces green power which increased by 33% in FY23.
The production of Alternate fuel is at 6%.

  • Market Cap 4,439 Cr.
  • Current Price 196
  • High / Low 247 / 166
  • Stock P/E 28.7
  • Book Value 61.4
  • Dividend Yield 3.57 %
  • ROCE 10.7 %
  • ROE 6.55 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 99.5%

Cons

  • The company has delivered a poor sales growth of 3.44% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
595 600 556 576 545 620 590 506 540 602 596 566 607
475 448 425 460 476 501 495 458 503 533 503 497 542
Operating Profit 120 152 131 116 68 119 95 48 37 69 93 69 65
OPM % 20% 25% 24% 20% 13% 19% 16% 9% 7% 11% 16% 12% 11%
12 15 11 14 12 12 10 11 11 13 13 14 13
Interest 12 9 10 11 10 5 8 21 11 7 9 9 8
Depreciation 28 27 28 28 28 28 28 28 29 27 27 27 27
Profit before tax 92 130 104 91 43 98 69 10 8 49 70 48 43
Tax % 31% -7% 34% 34% 28% 4% 26% 28% 30% 28% 25% 26% 26%
64 140 69 60 30 94 52 7 6 35 52 36 31
EPS in Rs 2.81 6.18 3.03 2.63 1.34 4.13 2.28 0.31 0.25 1.54 2.31 1.58 1.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
988 870 1,209 2,044 1,648 1,717 1,889 2,133 2,170 2,117 2,297 2,238 2,371
922 807 1,107 1,783 1,417 1,439 1,526 1,650 1,642 1,610 1,862 1,989 2,074
Operating Profit 66 63 102 261 231 279 363 483 528 507 435 249 297
OPM % 7% 7% 8% 13% 14% 16% 19% 23% 24% 24% 19% 11% 13%
12 16 12 135 22 24 20 35 53 46 49 45 54
Interest 4 10 106 139 108 90 74 75 74 51 36 46 33
Depreciation 31 24 89 138 100 99 101 102 109 111 112 112 109
Profit before tax 42 46 -81 120 45 114 208 342 398 391 335 136 210
Tax % 31% 32% 50% 50% 22% 33% 36% 35% 33% 20% 25% 27%
29 31 -41 60 35 76 133 221 268 315 252 99 155
EPS in Rs 1.29 1.36 -1.80 2.63 1.56 3.36 5.88 9.74 11.83 13.90 11.13 4.38 6.82
Dividend Payout % 0% 0% 0% 0% 0% 59% 43% 41% 63% 58% 81% 160%
Compounded Sales Growth
10 Years: 10%
5 Years: 3%
3 Years: 1%
TTM: 5%
Compounded Profit Growth
10 Years: 16%
5 Years: -6%
3 Years: -28%
TTM: -2%
Stock Price CAGR
10 Years: 16%
5 Years: 2%
3 Years: -5%
1 Year: 15%
Return on Equity
10 Years: 12%
5 Years: 17%
3 Years: 15%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 227 227 227 227 227 227 227 227 227 227 227 227 227
Reserves 589 620 607 645 668 740 820 945 1,088 1,267 1,339 1,235 1,164
777 1,031 1,357 1,299 1,039 705 619 517 413 306 199 182 195
563 578 568 650 681 735 867 1,008 1,065 1,045 1,060 1,022 1,048
Total Liabilities 2,156 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,845 2,824 2,665 2,634
348 374 1,787 1,794 1,901 1,877 1,806 1,737 1,693 1,618 1,562 1,490 1,446
CWIP 1,054 1,517 167 127 56 6 8 17 16 19 27 6 9
Investments 0 0 0 0 0 0 0 0 0 0 5 5 5
754 564 804 899 657 524 719 941 1,084 1,208 1,230 1,164 1,174
Total Assets 2,156 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,845 2,824 2,665 2,634

Cash Flows

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
52 50 119 238 257 361 377 393 459 439 302 226
-630 -431 -195 6 -108 -40 -14 -26 -14 -173 -35 144
690 144 117 -212 -287 -315 -165 -242 -314 -304 -328 -267
Net Cash Flow 112 -238 41 32 -138 6 198 125 131 -38 -61 104

Ratios

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 9 9 9 3 6 3 4 4 4 6 6 5
Inventory Days 173 370 288 168 195 141 125 158 137 157 147 160
Days Payable 219 333 276 168 204 194 223 262 243 265 225 239
Cash Conversion Cycle -38 46 22 3 -3 -50 -95 -100 -101 -102 -71 -75
Working Capital Days -70 -52 -25 -62 -77 -36 -79 -62 -63 -40 0 -27
ROCE % 4% 2% 1% 9% 7% 11% 17% 25% 28% 25% 21% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39% 69.39%
6.59% 5.81% 5.47% 5.45% 6.40% 5.16% 4.81% 4.76% 4.73% 3.91% 4.33% 4.48%
10.09% 10.94% 10.91% 10.65% 10.04% 9.72% 10.12% 10.32% 9.04% 8.97% 10.01% 10.82%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
13.79% 13.72% 14.09% 14.36% 14.03% 15.59% 15.53% 15.38% 16.70% 17.58% 16.12% 15.16%
No. of Shareholders 88,98796,9581,01,5861,03,0761,00,8271,02,6391,02,5801,02,7211,02,9991,02,65091,10189,345

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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