HEIDELBERG share price, P/E, ROE & financials

HeidelbergCement India (HEIDELBERG) had a P/E of 25.2× on 6 Nov 2026, below the industry P/E of 27.3×, and the shares are 37% below their 52-week high. Sales and net profit grew 1.6% and 11% a year over 3 years; its ROCE of 13% is the second-highest among the 7 largest Building Materials peers. It carries very little debt, and its dividend yield is 5.7%. It is a small-cap company with a market cap of ₹2,726 Cr, ranked 18th of 58 Building Materials companies by market cap; the shares fell 37% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹122.25
Day high: ₹122.60
Day low: ₹119.50
Prev. close: ₹122.34
Volume: 1.9 L

Health check

1 good · 2 fair · 3 to check

ReturnsBehind
−36.9% over a year, better than 0 of 7 peers.
Price tagIn line
P/E 25.2 vs industry 27.3.
GrowthSlow
Sales +1.6%, profit +10.5% a year over 3 years.
ProfitabilityAverage
ROCE 12.7% vs peer median 10.2%.
Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
Red flags2 to check
Quarterly profit down 32.7% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹2,726 Cr, #18 of 58 in its industry by size.

Defensive

Beta 0.42 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,416 Cr · profit ₹108 Cr

Market cap: ₹2,726 Cr; Small cap
P/E: 25.2; Industry 27.3
Price to book: 2.16; Peers 2.12
Dividend yield: 5.72%
ROE: 8.4%; Peers 4.9%
ROCE: 12.7%; Peers 10.2%
Debt to equity: 0.01; Debt ₹13 Cr
EPS (TTM): ₹4.78; Face value ₹10
OPM (TTM): 10.6%; Net margin 4.5%
Sales growth: +11.0%; Latest quarter vs a year ago
Profit growth: −32.7%; Latest quarter vs a year ago
Price to sales: 1.13; EV/EBITDA 9.4

Strengths

Practically debt-free.
Dividend yield of 5.72%.
Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 32.7% on a year ago.
37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About HeidelbergCement India

HeidelbergCement India Limited manufactures and sells cement in India. The company offers Portland pozzolana cement under the mycem, mycem Primo, mycem Power, and mycem Power Shield brand names. It also manufactures and sells clinkers; and sells scrap products. In addition, the company provides mobile technical lab services. The company was formerly known as Mysore Cements Limited and changed its name to HeidelbergCement India Limited in April 2009. The…

Headquarters: Gurugram
Employees: 958
Sector: Basic Materials
ISIN: INE578A01017
Website: mycemco.com

Price range

52 weeks

₹114.03₹190.20

Today

₹119.50₹122.60

Avg volume (3M): 1.7 L
1-year return: minus 36.9%
From 52-week high: minus 36.8%

Analyst consensus

9 analysts

HoldMean target ₹153.33 27.5%

Target range, with today’s price

Low ₹130.00High ₹252.00

Today’s price ₹120.30 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	18.4%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
HEIDELBERGHeidelbergCement India	120.30	minus 1.67%	2,726	25.2	7.7	12.7%	12.1%	0.01	1.6%	minus 36.9%
Median of 7 peers	–	0.67%	90,563	41.6	16.8	10.2%	15.8%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
598	574	646	628	568
509	521	558	561	520
88.5	52.9	87.9	66.8	48.2
14.8%	9.2%	13.6%	10.6%	8.5%
9.4	6.1	7.2	6.3	6.7
6.3	4.3	1.1	3.2	3.1
27.1	27.7	27.3	29	29.1
–	−4.6	−3.5	–	–
64.6	22.5	63.2	41	22.6
25.3%	30.6%	28.5%	25.4%	25.8%
48.2	15.6	45.2	30.6	16.8
2.13	0.69	2.00	1.35	0.74

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +1.6%
Profit CAGR 3Y: +10.5%
EPS CAGR 3Y: +10.5%
ROE: 8.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,209	2,358	2,139	2,315
–	+6.7%	minus 9.3%	+8.2%
1,942	2,026	1,887	2,014
267	331	252	301
12.1%	14.1%	11.8%	13.0%
24.7	36.7	32.8	21.6
43.3	31.8	27.4	17.1
112	110	110	109
−0.3	0.2	−1.9	−12.4
136	227	146	184
27.0%	26.0%	26.8%	27.1%
99.2	168	107	134
–	+69.2%	minus 36.4%	+25.5%
4.38	7.40	4.71	5.91

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
227	227	227	227
1,235	1,243	1,169	1,145
182	137	75.4	14.2
1,022	1,054	1,071	1,052
2,665	2,661	2,542	2,438
1,496	1,457	1,459	1,403
6.9	48.6	115	13.4
35.8	41.9	49.7	49.9
565	568	463	410
561	546	454	561
2,665	2,661	2,542	2,438

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
226	350	265	198
144	−47.9	−72.5	−341
−267	−242	−271	−244
104	59.9	−79.2	−386
−27.6	−73.5	−109	−52.4
199	276	155	146
−203	−158	−181	−159

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 14.1% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you