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Heidelbergcement India HEIDELBERG.NS · INR

Materials · NSE · 🇮🇳 India

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120.77

+0.39%

Close of 9 Nov 2026, in INR

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At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹23.30bn

FY2017FY2026

Net income

₹1.34bn

FY2017FY2026

Free cash flow

₹1.60bn

FY2017FY2026

Shareholders' equity

₹13.72bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹23.30bn₹21.49bn₹23.66bn₹22.38bn₹22.97bn₹21.17bn₹21.58bn₹21.09bn₹18.68bn₹17.17bn
Research and development—————————₹170.0m
Operating income₹1.96bn₹1.75bn₹2.49bn₹1.46bn₹3.70bn₹4.05bn₹4.71bn₹4.15bn₹2.80bn₹2.03bn
Net income₹1.34bn₹1.07bn₹1.68bn₹991.7m₹2.52bn₹3.15bn₹2.68bn₹2.21bn₹1.33bn₹762.1m
Diluted earnings per share5.914.717.434.3811.1313.8611.849.745.873.36

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹24.38bn₹25.42bn₹26.61bn₹26.65bn₹28.24bn₹28.45bn₹27.93bn₹26.96bn₹25.33bn₹24.08bn
Cash and short-term investments₹4.01bn₹4.63bn₹5.68bn₹5.84bn₹4.98bn₹4.30bn₹4.71bn₹3.37bn₹2.12bn₹251.3m
Total liabilities₹10.66bn₹11.47bn₹11.91bn₹12.03bn₹12.59bn₹13.52bn₹14.78bn₹15.24bn₹14.86bn₹14.41bn
Debt₹142.3m₹754.1m₹1.37bn₹1.82bn₹1.99bn₹3.06bn₹4.20bn₹5.17bn₹6.19bn₹7.05bn
Shareholders' equity₹13.72bn₹13.95bn₹14.70bn₹14.61bn₹15.65bn₹14.94bn₹13.15bn₹11.71bn₹10.46bn₹9.67bn
Shares outstanding227m227m226m227m227m227m226m227m227m227m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹2.13bn₹2.84bn₹3.50bn₹2.26bn₹3.02bn₹4.39bn₹4.57bn₹3.93bn₹3.85bn₹3.61bn
Capital spending−₹523.8m−₹1.09bn−₹735.2m−₹275.8m−₹471.1m−₹484.6m−₹435.4m−₹426.6m−₹232.4m−₹473.7m
Free cash flow₹1.60bn₹1.74bn₹2.76bn₹1.99bn₹2.55bn₹3.91bn₹4.14bn₹3.50bn₹3.61bn₹3.14bn
Dividends paid−₹1.59bn−₹1.81bn−₹1.58bn−₹2.03bn−₹1.81bn−₹1.35bn−₹1.23bn−₹950.1m−₹543.2m−₹543.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹6.28bn₹6.46bn₹5.74bn₹5.12bn₹5.98bn₹6.12bn₹5.43bn₹4.61bn
Operating income₹441.2m₹617.1m₹252.7m₹305.7m₹708.9m₹684.6m₹147.0m₹237.6m
Net income₹305.5m₹452.1m₹156.0m₹249.3m₹482.3m₹504.5m₹51.9m₹112.1m
Diluted earnings per share1.352.000.691.102.132.230.230.50
Cash from operations———₹838.0m—₹2.65bn—₹882.0m
Capital spending———−₹217.0m—−₹1.09bn—−₹453.0m
Free cash flow———₹621.0m—₹1.55bn—₹429.0m
Total assets—₹24.38bn—₹24.37bn—₹25.42bn—₹25.51bn
Cash and short-term investments₹4.08bn₹4.08bn₹3.90bn₹3.90bn₹4.78bn₹4.78bn₹4.33bn₹4.43bn
Debt—₹34.5m—₹768.5m—₹781.9m—₹1.43bn
Shareholders' equity₹13.72bn₹13.72bn₹13.10bn₹13.10bn₹13.95bn₹13.95bn₹13.40bn₹13.40bn

Financial ratios

Data as of 20 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2017FY2016FY2015FY2005
Operating margin8.4%8.1%10.5%6.5%16.1%19.2%————
Net margin5.8%5.0%7.1%4.4%11.0%14.9%————
Return on equity9.8%7.7%11.4%6.8%16.1%21.1%————
Return on assets5.5%4.2%6.3%3.7%8.9%11.1%————
Free cash flow yield8.0%11.9%12.8%7.7%10.6%14.7%————
Revenue growth8.4%-9.2%5.7%-2.6%8.5%-1.9%————
Earnings growth25.5%-36.4%69.2%-60.7%-19.9%17.5%————
Current ratio1.10x1.09x1.26x1.31x1.42x1.09x————
Debt to equity0.00x0.05x0.09x0.12x0.12x0.20x————
Equity ratio56.3%54.9%55.2%54.8%55.4%52.5%————
Interest coverage11.02x5.98x7.16x3.18x10.16x7.97x————
R&D as a share of sales——————1.0%1.0%1.0%0.0%
Buybacks as a share of market value0.0%-0.4%0.4%0.0%0.2%-0.3%————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.3%1.9%3.5%
Operating income10.2%-13.6%14.5%
Net income10.5%-15.7%13.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin8.3%8.4%11.4%12.9%
Net margin5.4%5.6%8.0%7.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings20.637.127.953.216.816.319.118.025.845.6
Price to sales1.21.82.02.41.92.42.41.91.82.0

Dividends and splits

Per share, in the currency the company pays

Paid for 9 years. Last went ex-dividend on 11 Sept 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year7.007.0016.007.009.008.006.004.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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