HeidelbergCement India Limited

Construction Materials · Cement & Cement Products

NSE: HEIDELBERG BSE: 500292

₹132.60

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #16 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12
HeidelbergCement India Limited (this stock)	3,005	25.8	9.8%	-34.8%	5.28%	64	38	9

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,937 Cr

EV / EBITDA

10.3x

EV / Sales

1.24x

Market cap / Sales

1.27x

Earnings yield

3.88%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 634 Cr, up 4.5% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 31 Cr, down 36.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	628	41	31	₹1.3500
March 31, 2026	646	63	45	₹2.0000
Dec. 31, 2025	574	22	16	₹0.6900
Sept. 30, 2025	512	33	25	₹1.1000
June 30, 2025	598	65	48	₹2.1300
March 31, 2025	612	70	50	₹2.2300
Dec. 31, 2024	543	8	5	₹0.2300
Sept. 30, 2024	461	15	11	₹0.4900
June 30, 2024	532	53	40	₹1.7600
March 31, 2024	597	66	48	₹2.1300
Dec. 31, 2023	607	43	31	₹1.3890
Sept. 30, 2023	566	48	36	₹1.5800
June 30, 2023	596	70	52	₹2.3100

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	634	653	580	521	607	624	552	474	544	610	620	581	609
Operating revenue	628	646	574	512	598	612	543	461	532	597	607	566	596
Other income	6	7	6	9	9	11	9	13	12	14	13	14	13
Operating expenses	561	558	521	454	509	522	510	424	454	508	542	497	503
Operating profit	67	88	53	58	89	91	33	37	78	89	65	69	93
Operating profit margin	10.6%	13.6%	9.2%	11.2%	14.8%	14.8%	6.1%	8.1%	14.7%	14.9%	10.8%	12.3%	15.6%
Depreciation	29	27	28	27	27	27	28	26	28	28	27	27	27
Interest	3	1	4	6	6	5	7	9	9	9	8	9	9
Exceptional items, gain / (loss)	—	-3	-5	—	—	—	—	—	—	—	—	—	—
Profit before tax	41	63	22	33	65	70	8	15	53	66	43	48	70
Tax	10	18	7	9	16	19	2	4	14	18	11	12	18
Net profit	31	45	16	25	48	50	5	11	40	48	31	36	52
EPS	1.35	2.00	0.69	1.10	2.13	2.23	0.23	0.49	1.76	2.13	1.39	1.58	2.31
Net profit (TTM)	116	134	139	129	115	107	104	131	155	168	155	129	100
EPS (TTM)	5.14	5.92	6.15	5.69	5.08	4.71	4.61	5.77	6.86	7.41	6.82	5.68	4.41

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,330	184	134
March 31, 2025	2,149	146	107
March 31, 2024	2,366	227	168
March 31, 2023	2,238	136	99

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	1.1%	1.8%	2,361^†	2,194^†	2,420^†	2,283^†	2,346^†	2,163^†	2,222^†	2,168^†	1,982^†	1,949^†
Operating revenue	1.3%	1.9%	2,330	2,149	2,366	2,238	2,297^†	2,117^†	2,170^†	2,133^†	1,962^†	1,942^†
Other income	—	—	32^†	45^†	55^†	45^†	49^†	46^†	53^†	35^†	20^†	6^†
Operating expenses	—	—	2,043^†	1,909^†	2,049^†	1,989^†	1,862^†	1,610^†	1,642^†	—	1,599^†	1,576^†
Operating profit	4.9%	-10.8%	287^†	239^†	317^†	249^†	435^†	507^†	528^†	—	363^†	367^†
Operating profit margin	—	—	12.3%^†	11.1%^†	13.4%^†	11.1%^†	18.9%^†	23.9%^†	24.3%^†	—	18.5%^†	18.9%^†
Depreciation	—	—	109^†	110^†	110^†	112^†	112^†	111^†	109^†	102^†	101^†	99^†
Interest	—	—	18^†	29^†	35^†	46^†	36^†	51^†	74^†	—	74^†	90^†
Exceptional items, gain / (loss)	—	—	-8^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	10.6%	-14.0%	184	146	227	136	335^†	391^†	398^†	342^†	208^†	114^†
Tax	—	—	50^†	39^†	59^†	37^†	83^†	76^†	130^†	121^†	74^†	37^†
Net profit	10.5%	-15.7%	134	107	168	99	252^†	315^†	268^†	221^†	133^†	76^†
EPS	10.6%	-15.7%	5.92^†	4.71^†	7.41^†	4.38^†	11.13^†	13.90^†	11.84^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	12.3%^†	11.1%^†	13.4%^†	11.1%^†	18.9%^†	23.9%^†	24.3%^†	—	18.5%^†	18.9%^†
EBIT margin	8.7%^†	8.1%^†	11.1%^†	8.1%^†	16.2%^†	20.9%^†	21.8%^†	—	14.4%^†	10.5%^†
PBT margin	7.9%	6.8%	9.6%	6.1%	14.6%^†	18.5%^†	18.3%^†	16.0%^†	10.6%^†	5.8%^†
Net margin	5.8%	5.0%	7.1%	4.4%	11.0%^†	14.9%^†	12.4%^†	10.3%^†	6.8%^†	3.9%^†
Interest coverage	11.35x^†	5.98x^†	7.53x^†	3.95x^†	10.20x^†	8.69x^†	6.39x^†	—	3.79x^†	2.27x^†
Dividend payout	118.2%^†	169.9%^†	94.5%^†	205.5%^†	71.9%^†	43.2%^†	38.0%^†	—	—	—
Earnings retention	-18.2%^†	-69.9%^†	5.5%^†	-105.5%^†	28.1%^†	56.8%^†	62.0%^†	—	—	—
Current ratio	1.10x	1.09x	—	—	—	—	—	—	—	—
Quick ratio	0.92x	0.91x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.05x	—	—	—	—	—	—	—	—
Return on equity	9.8%	7.7%	—	—	—	—	—	—	—	—
Return on assets	5.5%	4.2%	—	—	—	—	—	—	—	—
Return on capital employed	12.7%^†	10.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.96x	0.85x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	198	-341	-244	52	146
March 31, 2025	265	-73	-271	109	155
March 31, 2024	350	-48	-242	74	276
March 31, 2023	226	144	-267	28	199
March 31, 2022	302	-35	-328	47	255

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	2,438	1,372	1,145	0	0	942	854	67	1,377	159
March 31, 2025	2,542	1,395	1,169	65	0	1,013	928	454	1,335	171
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.