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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Heidelberg Cement India Ltd

About the Company - Heidelberg Cement India Ltd

Heidelberg Cement India Ltd. is a Public Limited Listed company incorporated on 13/05/1958 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L26942HR1958FLC042301 and registration number is 042301. Currently Company is involved in the business activities of Manufacture of clinkers and cement. Company’s Total Operating Revenue is Rs. 2296.96 Cr. and Equity Capital is Rs. 226.62 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement2nd Floor, Gurgaon Haryana 122002investors.mcl@mycem.in
http://www.mycemco.com
Management
NamePosition Held
Mr. Ramakrishnan RamamurthyChairman & Ind.Director
Mr. Joydeep MukherjeeManaging Director
Ms. Soek Peng SimNon Executive Director
Mr. Kevin Gerard GluskieNon Executive Director
Mr. Vimal Kumar JainWhole Time Director
Ms. Jyoti NarangIndependent Director

Basic Stock Data of Heidelberg Cement India Ltd

Last Updated: June 20, 2024, 10:44 pm

Market Cap 4,886 Cr.
Current Price 216
High / Low247/170
Stock P/E29.1
Book Value 64.9
Dividend Yield3.24 %
ROCE16.1 %
ROE11.4 %
Face Value 10.0
PEG Ratio-2.13

Competitors of Heidelberg Cement India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Star Cement Ltd 8,724 Cr. 216256/13829.6 67.00.00 %16.4 %11.5 % 1.00
Birla Corporation Ltd 12,123 Cr. 1,5741,802/1,06129.2 8670.16 %8.99 %6.57 % 10.0
Ambuja Cements Ltd 1,63,428 Cr. 664690/40448.4 1760.30 %14.0 %10.3 % 2.00
Gujarat Sidhee Cement Ltd 296 Cr. 33.1/ 52.20.00 %6.94 %4.33 % 10.0
Rain Industries Ltd 5,829 Cr. 173220/130 2180.58 %1.90 %10.2 % 2.00
Industry Average28,143.25 Cr1,970.5516.41492.190.38%12.27%15.91%7.41

Heidelberg Cement India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales595600556576545620590506540602596566607
Expenses475448425460476501495458503533503497542
Operating Profit1201521311166811995483769936965
OPM %20%25%24%20%13%19%16%9%7%11%16%12%11%
Other Income12151114121210111113131413
Interest1291011105821117998
Depreciation28272828282828282927272727
Profit before tax921301049143986910849704843
Tax %31%-7%34%34%28%4%26%28%30%28%25%26%26%
Net Profit6414069603094527635523631
EPS in Rs2.816.183.032.631.344.132.280.310.251.542.311.581.39

Last Updated: June 5, 2024, 10:11 am

Heidelberg Cement India Ltd Quarterly Chart

Heidelberg Cement India Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9888701,2092,0441,6481,7171,8892,1332,1702,1172,2972,2382,304
Expenses9228071,1071,7831,4171,4391,5261,6501,6421,6101,8621,9892,036
Operating Profit6663102261231279363483528507435249269
OPM %7%7%8%13%14%16%19%23%24%24%19%11%12%
Other Income121612135222420355346494552
Interest4101061391089074757451364635
Depreciation31248913810099101102109111112112110
Profit before tax4246-8112045114208342398391335136175
Tax %31%32%50%50%22%33%36%35%33%20%25%27%
Net Profit2931-4160357613322126831525299129
EPS in Rs1.291.36-1.802.631.563.365.889.7411.8313.9011.134.385.68
Dividend Payout %0%0%0%0%0%59%43%41%63%58%81%160%

Heidelberg Cement India Ltd Profit & Loss Yearly Chart

Heidelberg Cement India Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:2%
3 Years:4%
TTM:6%
Compounded Profit Growth
10 Years:20%
5 Years:-5%
3 Years:-19%
TTM:69%
Stock Price CAGR
10 Years:14%
5 Years:3%
3 Years:-5%
1 Year:24%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:12%
Last Year:11%

Last Updated: June 17, 2024, 11:29 am

Heidelberg Cement India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital227227227227227227227227227227227227227
Reserves5896206076456687408209451,0881,2671,3391,2351,164
Borrowings7771,0311,3571,2991,039705619517413306199182195
Other Liabilities5635785686506817358671,0081,0651,0451,0601,0221,048
Total Liabilities2,1562,4552,7592,8202,6152,4082,5332,6962,7932,8452,8242,6652,634
Fixed Assets3483741,7871,7941,9011,8771,8061,7371,6931,6181,5621,4901,446
CWIP1,0541,51716712756681716192769
Investments0000000000555
Other Assets7545648048996575247199411,0841,2081,2301,1641,174
Total Assets2,1562,4552,7592,8202,6152,4082,5332,6962,7932,8452,8242,6652,634

Heidelberg Cement India Ltd Reserves and Borrowings Chart

Heidelberg Cement India Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5250119238257361377393459439302226
Cash from Investing Activity -630-431-1956-108-40-14-26-14-173-35144
Cash from Financing Activity 690144117-212-287-315-165-242-314-304-328-267
Net Cash Flow112-2384132-1386198125131-38-61104

Andhra Cements Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days999363444665
Inventory Days173370288168195141125158137157147160
Days Payable219333276168204194223262243265225239
Cash Conversion Cycle-3846223-3-50-95-100-101-102-71-75
Working Capital Days-70-52-25-62-77-36-79-62-63-400-27
ROCE %4%2%1%9%7%11%17%25%28%25%21%11%

Heidelberg Cement India Ltd Financial Efficiency Indicators Chart

Heidelberg Cement India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.39%69.39%69.39%69.39%69.39%69.39%69.39%69.39%69.39%69.39%69.39%69.39%
FIIs8.87%6.59%5.81%5.47%5.45%6.40%5.16%4.81%4.76%4.73%3.91%4.33%
DIIs7.98%10.09%10.94%10.91%10.65%10.04%9.72%10.12%10.32%9.04%8.97%10.01%
Government0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.14%
Public13.62%13.79%13.72%14.09%14.36%14.03%15.59%15.53%15.38%16.70%17.58%16.12%
No. of Shareholders80,97888,98796,9581,01,5861,03,0761,00,8271,02,6391,02,5801,02,7211,02,9991,02,65091,101

Heidelberg Cement India Ltd Shareholding Pattern Chart

No. of Heidelberg Cement India Ltd Shareholders

Heidelberg Cement India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund5,040,6900.5496.911,950,2002024-06-20158.47%
ICICI Prudential Dividend Yield Equity Fund1,950,2001.2937.491,950,2002024-06-200%
SBI Multi Asset Allocation Fund1,300,0000.9224.991,950,2002024-06-20-33.34%
ICICI Prudential Infrastructure Fund1,286,9610.6724.741,950,2002024-06-20-34.01%
ICICI Prudential Multi Asset Fund1,216,7050.0823.391,950,2002024-06-20-37.61%
Aditya Birla Sun Life MNC Fund - Div1,117,9180.6221.491,950,2002024-06-20-42.68%
Aditya Birla Sun Life MNC Fund - Gr1,117,9180.6221.491,950,2002024-06-20-42.68%
ICICI Prudential Business Cycle Fund923,1040.2517.751,950,2002024-06-20-52.67%
ICICI Prudential Smallcap Fund456,8220.138.781,950,2002024-06-20-76.58%
SBI Long Term Equity Fund290,4960.035.581,950,2002024-06-20-85.1%

Heidelberg Cement India Ltd ROCE Trend

Heidelberg Cement India Ltd EPS Trend

Heidelberg Cement India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.404.3811.1313.9011.83
Diluted EPS (Rs.)7.404.3811.1313.9011.83
Cash EPS (Rs.)12.249.3316.0718.8016.62
Book Value[Excl.RevalReserv]/Share (Rs.)64.8664.4969.0765.9258.01
Book Value[Incl.RevalReserv]/Share (Rs.)64.8664.4969.0765.9258.01
Dividend / Share (Rs.)8.007.009.008.007.50
Revenue From Operations / Share (Rs.)104.3998.76101.3693.4095.74
PBDIT / Share (Rs.)16.3812.9821.3424.4125.62
PBIT / Share (Rs.)11.548.0216.4019.5120.82
PBT / Share (Rs.)10.015.9914.7917.2617.57
Net Profit / Share (Rs.)7.404.3811.1313.9011.83
PBDIT Margin (%)15.6913.1421.0526.1326.75
PBIT Margin (%)11.058.1216.1720.8821.75
PBT Margin (%)9.586.0614.5918.4818.34
Net Profit Margin (%)7.094.4310.9814.8712.35
Return on Networth / Equity (%)11.416.7816.1121.0820.39
Return on Capital Employeed (%)14.8910.0218.6922.9325.31
Return On Assets (%)6.303.728.9311.069.59
Long Term Debt / Equity (X)0.030.070.100.110.21
Total Debt / Equity (X)0.080.110.120.190.21
Asset Turnover Ratio (%)0.880.810.810.750.79
Current Ratio (X)1.261.311.421.091.10
Quick Ratio (X)1.071.101.210.910.94
Inventory Turnover Ratio (X)2.472.372.702.412.45
Dividend Payout Ratio (NP) (%)0.00205.6571.8643.1738.04
Dividend Payout Ratio (CP) (%)0.0096.4349.7631.9127.07
Earning Retention Ratio (%)0.00-105.6528.1456.8361.96
Cash Earning Retention Ratio (%)0.003.5750.2468.0972.93
Interest Coverage Ratio (X)10.686.3913.2710.887.86
Interest Coverage Ratio (Post Tax) (X)5.833.157.927.194.63
Enterprise Value (Cr.)4015.473322.474101.415144.223029.71
EV / Net Operating Revenue (X)1.701.481.792.431.40
EV / EBITDA (X)10.8211.308.489.305.22
MarketCap / Net Operating Revenue (X)1.881.631.872.501.48
Retention Ratios (%)0.00-105.6528.1356.8261.95
Price / BV (X)3.022.492.743.542.45
Price / Net Operating Revenue (X)1.881.631.872.501.48
EarningsYield0.030.020.050.050.08

Heidelberg Cement India Ltd Profitability Ratios (%)

Heidelberg Cement India Ltd Liquidity Ratios

Heidelberg Cement India Ltd Liquidity Ratios (%)

Heidelberg Cement India Ltd Interest Coverage Ratios (%)

Heidelberg Cement India Ltd Valuation Ratios

Fair Value

Fair Value: 222.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.91% compared to the current price 216

Intrinsic Value: 191.94

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 11.14% compared to the current price ₹216

Last 5 Year EPS CAGR: -13.65%

*Investments are subject to market risks

Strength and Weakness of Heidelberg Cement India Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -49.42, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -47.00, which is a positive sign.
  3. The company has higher reserves (902.08 cr) compared to borrowings (664.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (144.31 cr) and profit (174.69 cr) over the years.
  1. The stock has a low average ROCE of 13.42%, which may not be favorable.

FAQ

What is the latest fair value of Heidelberg Cement India Ltd?

The latest fair value of Heidelberg Cement India Ltd is ₹222.27.

What is the Market Cap of Heidelberg Cement India Ltd?

The Market Cap of Heidelberg Cement India Ltd is 4,886 Cr..

What is the current Stock Price of Heidelberg Cement India Ltd as on 21 June 2024?

The current stock price of Heidelberg Cement India Ltd as on 21 June 2024 is ₹216.

What is the High / Low of Heidelberg Cement India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Heidelberg Cement India Ltd stocks is 247/170.

What is the Stock P/E of Heidelberg Cement India Ltd?

The Stock P/E of Heidelberg Cement India Ltd is 29.1.

What is the Book Value of Heidelberg Cement India Ltd?

The Book Value of Heidelberg Cement India Ltd is 64.9.

What is the Dividend Yield of Heidelberg Cement India Ltd?

The Dividend Yield of Heidelberg Cement India Ltd is 3.24 %.

What is the ROCE of Heidelberg Cement India Ltd?

The ROCE of Heidelberg Cement India Ltd is 16.1 %.

What is the ROE of Heidelberg Cement India Ltd?

The ROE of Heidelberg Cement India Ltd is 11.4 %.

What is the Face Value of Heidelberg Cement India Ltd?

The Face Value of Heidelberg Cement India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Heidelberg Cement India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE