HeidelbergCement India Ltd
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]
- Market Cap ₹ 4,552 Cr.
- Current Price ₹ 201
- High / Low ₹ 247 / 167
- Stock P/E 29.4
- Book Value ₹ 61.4
- Dividend Yield 3.49 %
- 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
Quarterly Results
Figures in Rs. Crores
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: | 17% |
5 Years: | 2% |
3 Years: | -5% |
1 Year: | 20% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 12 Apr
- Compliance Under Regulation 40 (9) & (10) 5 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 4 Apr
- Compliance Certificate For The Period Ended 31 March 2024. 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jul 2023Transcript PPT
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Nov 2016TranscriptPPT
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Jul 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016Transcript PPT
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%.