HeidelbergCement India Limited (HEIDELBERG) — Financial Results

· NSE 🔴 High Importance Neutral

Investor Takeaways

  • EBITDA per ton increased 10% YoY to ₹584
  • Proposed dividend of ₹7/share announced
  • Capacity utilization at 95% with debt-free operations
  • Alternative fuel usage at 11% of total energy mix
  • Targeting 7-7.5% industry growth in FY27
  • ₹130 crores planned for Khandwa blending unit capex
  • Overall Tone: Neutral

    Key Financial Highlights

    MetricValueYoY Change
    Revenue₹1850 CrN/A
    Net Profit₹1025 CrN/A
    EBITDA₹584 Cr per ton+10%
    EPSNot availableN/A
    OPMNot availableN/A

    What Changed

    HeidelbergCement India reported FY26 audited results showing EBITDA of ₹584 crores per ton, reflecting a 10% year-on-year increase. The company proposed a dividend of ₹7 per share. It maintains a debt-free balance sheet with negative working capital and operates at 95% capacity utilization. Alternative fuel usage stands at 11% of total energy consumption. Management highlighted green power adoption (40% of power from renewable sources), premium product focus (contributing 52% of volume), and B2B trade mix (19% of sales). Current cement capacity is 5.7 million tons, with clinker capacity at 3.1 million tons. The company targets 7-7.5% industry growth in FY27, supported by Uttar Pradesh elections, and plans ₹130 crores in capex for a new blending unit in Khandwa to add 35,000 tons capacity by FY28.

    Peer Comparison

    CompanyP/EROEROCEMarket Cap (₹ Cr)
    HeidelbergCement India24.94Not availableNot available3,472.17
    UltraTech Cement44.0810.84%12.31%3,38,497.96
    Grasim Industries21.084.62%4.86%1,99,652.33
    Ambuja Cements23.347.73%4.61%1,07,215.34

    HeidelbergCement India trades at a lower P/E multiple compared to UltraTech Cement, while its ROE and ROCE metrics are not available in the provided data.

    Risks & Concerns

  • No specific risks identified in the filing
  • Alternative fuel usage at 11% may face scalability constraints
  • Capex of ₹130 crores for Khandwa unit execution risk
  • Quarterly Trend

    Not available

    📄 View Original Announcement (PDF)

    About HeidelbergCement India Limited (HEIDELBERG)

    Construction Materials · Cement & Cement Products · Listed on NSE

    Market Cap: ₹3,472.17 Cr P/E: 24.9

    View full HEIDELBERG stock details →

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    Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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