HeidelbergCement India Ltd

Heidelberg Cem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HeidelbergCement India Ltd

₹ 226 -0.22%
12 Dec 4:00 p.m.
mycemco.com BSE: 500292 NSE: HEIDELBERG
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%.

Website BSE NSE
  • Market Cap ₹ 5,110 Cr.
  • Current Price ₹ 226
  • High / Low ₹ 258 / 190
  • Stock P/E 39.1
  • Book Value ₹ 59.1
  • Dividend Yield 3.54 %
  • ROCE 16.1 %
  • ROE 11.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.54%.
  • Company has been maintaining a healthy dividend payout of 116%

Cons

  • The company has delivered a poor sales growth of 2.09% over past five years.
  • Company has a low return on equity of 11.5% over last 3 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

Part of Nifty Total Market BSE SmallCap BSE Allcap BSE Commodities Nifty Microcap 250

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
576 545 620 590 506 540 602 596 566 607 597 532 461
460 476 501 495 458 503 533 503 497 542 508 454 424
Operating Profit 116 68 119 95 48 37 69 93 69 65 89 78 37
OPM % 20% 13% 19% 16% 9% 7% 11% 16% 12% 11% 15% 15% 8%
14 12 12 10 11 11 13 13 14 13 14 12 13
Interest 11 10 5 8 21 11 7 9 9 8 9 9 9
Depreciation 28 28 28 28 28 29 27 27 27 27 28 28 26
Profit before tax 91 43 98 69 10 8 49 70 48 43 66 53 15
Tax % 34% 28% 4% 26% 28% 30% 28% 25% 26% 26% 27% 25% 26%
60 30 94 52 7 6 35 52 36 31 48 40 11
EPS in Rs 2.63 1.34 4.13 2.28 0.31 0.25 1.54 2.31 1.58 1.39 2.13 1.76 0.49
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
870 1,209 2,044 1,648 1,717 1,889 2,133 2,170 2,117 2,297 2,238 2,366 2,197
807 1,107 1,783 1,417 1,439 1,526 1,650 1,642 1,610 1,862 1,989 2,049 1,927
Operating Profit 63 102 261 231 279 363 483 528 507 435 249 317 270
OPM % 7% 8% 13% 14% 16% 19% 23% 24% 24% 19% 11% 13% 12%
16 12 135 22 24 20 35 53 46 49 45 55 52
Interest 10 106 139 108 90 74 75 74 51 36 46 35 34
Depreciation 24 89 138 100 99 101 102 109 111 112 112 110 110
Profit before tax 46 -81 120 45 114 208 342 398 391 335 136 227 177
Tax % 32% -50% 50% 22% 33% 36% 35% 33% 20% 25% 27% 26%
31 -41 60 35 76 133 221 268 315 252 99 168 131
EPS in Rs 1.36 -1.80 2.63 1.56 3.36 5.88 9.74 11.83 13.90 11.13 4.38 7.40 5.77
Dividend Payout % 0% 0% 0% 0% 59% 43% 41% 63% 58% 81% 160% 108%
Compounded Sales Growth
10 Years: 7%
5 Years: 2%
3 Years: 4%
TTM: -5%
Compounded Profit Growth
10 Years: 20%
5 Years: -5%
3 Years: -19%
TTM: 2%
Stock Price CAGR
10 Years: 11%
5 Years: 5%
3 Years: 0%
1 Year: 0%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 12%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 227 227 227 227 227 227 227 227 227 227 227 227 227
Reserves 620 607 645 668 740 820 945 1,088 1,267 1,339 1,235 1,243 1,113
1,031 1,357 1,299 1,039 705 619 517 413 306 199 182 137 143
578 568 650 681 735 867 1,008 1,065 1,045 1,060 1,022 1,054 1,068
Total Liabilities 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,845 2,824 2,665 2,661 2,551
374 1,787 1,794 1,901 1,877 1,806 1,737 1,693 1,618 1,562 1,490 1,410 1,366
CWIP 1,517 167 127 56 6 8 17 16 19 27 6 28 92
Investments 0 0 0 0 0 0 0 0 0 5 5 14 14
564 804 899 657 524 719 941 1,084 1,208 1,230 1,164 1,209 1,078
Total Assets 2,455 2,759 2,820 2,615 2,408 2,533 2,696 2,793 2,845 2,824 2,665 2,661 2,551

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
50 119 238 257 361 377 393 459 439 302 226 350
-431 -195 6 -108 -40 -14 -26 -14 -173 -35 144 -48
144 117 -212 -287 -315 -165 -242 -314 -304 -328 -267 -242
Net Cash Flow -238 41 32 -138 6 198 125 131 -38 -61 104 60

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 9 9 3 6 3 4 4 4 6 6 5 8
Inventory Days 370 288 168 195 141 125 158 137 157 147 160 139
Days Payable 333 276 168 204 194 223 262 243 265 225 239 245
Cash Conversion Cycle 46 22 3 -3 -50 -95 -100 -101 -102 -71 -75 -98
Working Capital Days -52 -25 -62 -77 -36 -79 -62 -63 -40 0 -27 -38
ROCE % 2% 1% 9% 7% 11% 17% 25% 28% 25% 21% 11% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
5.47% 5.45% 6.40% 5.16% 4.81% 4.76% 4.73% 3.91% 4.33% 4.48% 4.42% 3.13%
10.91% 10.65% 10.04% 9.72% 10.12% 10.32% 9.04% 8.97% 10.01% 10.82% 10.81% 11.89%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
14.09% 14.36% 14.03% 15.59% 15.53% 15.38% 16.70% 17.58% 16.12% 15.16% 15.25% 15.43%
No. of Shareholders 1,01,5861,03,0761,00,8271,02,6391,02,5801,02,7211,02,9991,02,65091,10189,34589,80592,039

* 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.

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