NSE: HEIDELBERG | BSE: 500292

Mid-range Performer

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215.31 2.02 (0.95%)

372.5K NSE+BSE Volume

High volume today

NSE 22 Sep, 2025 3:31 PM (IST)

4,879.2

Market Cap

Below industry Median

0.7

Beta 1Year

Very Low volatility

Heidelberg Cement India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HEIDELBERG, BSE:500292 Heidelberg Cement India Ltd.

Heidelberg Cement India Ltd.

26 Oct 2018

215.31

0.95%

Heidelberg Cement

Buy: Heidelberg Cement India Ltd.

Target

ICICI Securities Limited

Heidelberg Cement reported good set of numbers for Q2FY19. Revenues increased 14.2% YoY to |479.5 crore mainly led by healthy growth in the realisations that were up by 7.6% YoY to |4,262/t (vs Idirect est: |4,120/t). Capacity utilisation also remained healthy at 83% due to pick-up in demand despite lean monsoon season. On the margin front, the EBITDA margin increased 218 bps YoY to 23% (vs I-direct est:16.5%) mainly led by the strong realisations. Company reported highest ever EBITDA/tonne of |980/t (vs I-direct estimate of | 681/t) as it was also able to reduce the effect of...

Heidelberg Cement In.. has an average target of 175.00 from 1 broker.

Heidelberg Cement India Ltd.

01 Aug 2018

215.31

0.95%

EARNINGS UPDATE-HEIDELBERG CEMENT-1QFY19

Buy: Heidelberg Cement India Ltd.

Target

Chola Wealth Direct

Sector: Cement/small cap | Earnings Update 1QFY19 Background: Heidelberg Cements (HCIL), erstwhile Mysore Cements set up by Birla group in 1958 is now a subsidiary of Heidelberg AG, the world's third largest cement manufacturer. The company manufactures portland cement through its three plants located at Ammasandra, Karnataka (0.6 MTPA), Damoh, Madhya Pradesh (2.1 MTPA) and Jhansi, Uttar Pradesh (2.7 MTPA). The company also caters to Bangalore, Mumbai and Pune apart from MP and UP. The company has increased its...

Heidelberg Cement India Ltd. is trading above all available SMAs

Heidelberg Cement India Ltd.

27 Jul 2018

215.31

0.95%

Heidelberg Cement

Buy: Heidelberg Cement India Ltd.

ICICI Securities Limited

Heidelberg Cement reported a good set of Q1FY19 numbers. Revenues increased 24.4% YoY to | 536.9 crore (above I-direct estimate of | 479.9 crore) led by 15.2% YoY rise in volumes to 1.27 MT (vs. I-direct estimate of 1.16 MT) while realisation increased 8.0% YoY to | 4,237/t (vs. I-direct estimate of | 4,137/t) On the margin front, the EBITDA margin increased 829 bps YoY to 21.6% (vs. I-direct estimate of 16.1%) in Q1FY19 mainly led by operating leverage benefit. EBITDA/tonne increased 75.3% YoY to...

Number of FII/FPI investors decreased from 117 to 88 in Jun 2025 qtr

Heidelberg Cement India Ltd.

28 May 2018

215.31

0.95%

HeidelbergCement India - 4QFY18 Result Update

Buy: Heidelberg Cement India Ltd.

Target

Reliance Securities

Strong Performance on Better Realisations & Cost-Optimisation Measures HeidelbergCement India (HCIL) has reported a better-than-estimated operating performance in 4QFY18 mainly led by higher-than-anticipated jump in average realisation and cost benefits. Reported EBITDA stood at Rs1.14bn (vs. our estimate of Rs846mn). EBITDA/tonne stood at Rs900 vs. Rs580 and Rs620 in 4QFY17 and 3QFY18, respectively. Average realisation grew by 10% YoY and 4% QoQ to Rs4,137 aided by premium products and FOB pricing. Operational cost/tonne stood to Rs3,237 (+2% YoY and -3.5% QoQ). While RM + Power & Fuel cost/tonne declined by 2.5% YoY and 6.7% QoQ to Rs1,698 mainly supported by higher utilisation, WHRS benefits and cost...

Number of FII/FPI investors decreased from 117 to 88 in Jun 2025 qtr

Heidelberg Cement India Ltd.

25 May 2018

215.31

0.95%

Heidelberg Cement

Buy: Heidelberg Cement India Ltd.

ICICI Securities Limited

Heidelberg Cement reported a good set of Q4FY18 numbers. Revenues increased 15.8% YoY to | 525.4 crore (above I-direct estimate of | 506.9 crore) led by 5.0% YoY rise in volumes to 1.27 MT (vs. I-direct estimate of 1.25 MT) while realisation increased 10.3% YoY to | 4,137/t (vs. I-direct estimate of | 4,055/t) On the margin front, the EBITDA margin increased 629 bps YoY to 21.7% (vs. I-direct estimate of 17.1%) in Q4FY18 mainly led by 9.2% YoY decline in raw material expenses (due to inventory adjustment)...

Heidelberg Cement In.. has an average target of 175.00 from 1 broker.

Heidelberg Cement India Ltd.

09 Feb 2018

215.31

0.95%

Heidelberg Cement

Buy: Heidelberg Cement India Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Heidelberg Cement's results were broadly above our estimates. Revenues increased 24.8% YoY to | 483.9 crore (above I-direct estimate of | 442.8 crore) led by 16.5% YoY rise in volumes to 1.2 MT (vs. I-direct estimate of 1.1 MT) driven by resolution of sand mining issue and higher infra spending. Further, realisation increased 7.1% YoY at | 3,976/t (vs. I-direct estimate of | 4,062/t) On the margin front, the EBITDA margin increased 550 bps YoY to...

Heidelberg Cement In.. has an average target of 175.00 from 1 broker.

Heidelberg Cement India Ltd.

07 Nov 2017

215.31

0.95%

HeidelbergCement India - 2QFY18 Result Update

Buy: Heidelberg Cement India Ltd.

Target

Reliance Securities

Strong Performance on Healthy NCR and Cost Benefits HeidelbergCement India (HCIL) has reported a strong performance in 2QFY18 amid challenging environment primarily led by better-than-expected NCR, cost benefits and one-time reversal (Rs57mn) of provisioning towards DMF for the prior period. Reported EBITDA surged by 46% YoY and 52% QoQ to Rs874mn surpassing our estimate. EBITDA/tonne stood at strong Rs825 vs. Rs599 and Rs522 in 2QFY17 and 1QFY18, respectively. While Power & Fuel cost/tonne increased by 8% QoQ, an improvement in Power & Fuel consumption resulted in low cost on yearly comparison (-4% YoY) despite a sharp surge in petcoke prices (usage up to 70%). Operating...

Heidelberg Cement In.. has an average target of 175.00 from 1 broker.

Heidelberg Cement India Ltd.

30 Oct 2017

215.31

0.95%

Heidelberg Cement

Hold: Heidelberg Cement India Ltd.

Target

ICICI Securities Limited

Heidelberg Cement reported a good set of numbers. Revenues increased 9.3% YoY to | 420.0 crore (above I-direct estimate of | 384.4 crore) led by 6.0% YoY rise in volumes to 1.06 MT (vs. Idirect estimate of 0.99 MT) and realisation increased 3.1% YoY to | 3,962 (vs I-direct estimate of | 3,883) On the margin front, the EBITDA margin increased 524 bps YoY to 20.8% (vs. I-direct estimate of 12.9%) in Q2FY18 mainly led by 11.6% YoY decline in other expenses (driven by one-time reversal of | 5.7 crore provision made for district mineral fund). EBITDA/tonne...

Heidelberg Cement India Ltd. is trading at high day volume of 361.9K.

Is Heidelberg Cement India Ltd. worth buying?

175 Votes:

Buy 80.57%

Sell 11.43%

Hold 8.0%

RESEARCH REPORTS

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