BSE:500292

Stock Analysis Report

HeidelbergCement India

Executive Summary

HeidelbergCement India Limited manufactures and sells Portland cement in India.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has HeidelbergCement India's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.0%

500292

-2.2%

IN Basic Materials

-4.2%

IN Market


1 Year Return

22.7%

500292

-9.0%

IN Basic Materials

-7.8%

IN Market

500292 outperformed the Basic Materials industry which returned -11% over the past year.

500292 outperformed the Market in India which returned -12.2% over the past year.


Share holder returns

500292IndustryMarket
7 Day-4.0%-2.2%-4.2%
30 Day-6.9%-0.7%2.7%
90 Day-1.2%-12.4%-5.5%
1 Year25.5%22.7%-8.5%-9.0%-6.0%-7.8%
3 Year46.5%38.8%-2.0%-3.7%18.5%12.6%
5 Year142.8%130.1%48.9%44.3%38.6%25.6%

Price Volatility Vs. Market

How volatile is HeidelbergCement India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HeidelbergCement India undervalued based on future cash flows and its price relative to the stock market?

17.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

HeidelbergCement India's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

HeidelbergCement India's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

HeidelbergCement India is good value based on earnings compared to the IN Basic Materials industry average.

HeidelbergCement India is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

HeidelbergCement India is poor value based on expected growth next year.


Price Based on Value of Assets

HeidelbergCement India is overvalued based on assets compared to the IN Basic Materials industry average.


Next Steps

Future Growth

How is HeidelbergCement India expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

HeidelbergCement India's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

HeidelbergCement India's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).

HeidelbergCement India's revenue growth is positive but not above the India market average.

HeidelbergCement India's earnings growth is positive but not above the India market average.

HeidelbergCement India's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if HeidelbergCement India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has HeidelbergCement India performed over the past 5 years?

48.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

HeidelbergCement India has delivered over 20% year on year earnings growth in the past 5 years.

HeidelbergCement India's 1-year earnings growth is less than its 5-year average (47.7% vs 48.5%)

HeidelbergCement India's earnings growth has exceeded the IN Basic Materials industry average in the past year (47.7% vs 22.4%).


Return on Equity

HeidelbergCement India has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

HeidelbergCement India used its assets more efficiently than the IN Basic Materials industry average last year based on Return on Assets.


Return on Capital Employed

HeidelbergCement India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is HeidelbergCement India's financial position?


Financial Position Analysis

HeidelbergCement India's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

HeidelbergCement India's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

HeidelbergCement India's level of debt (33.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (144.1% vs 33.5% today).

Debt is well covered by operating cash flow (100.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Next Steps

Dividend

What is HeidelbergCement India's current dividend yield, its reliability and sustainability?

2.02%

Expected Dividend Yield


Dividend Yield and Payments Analysis

HeidelbergCement India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.59%).

HeidelbergCement India's dividend is below the markets top 25% of dividend payers in India (2.41%).

Whilst dividend payments have been stable, HeidelbergCement India has been paying a dividend for less than 10 years.

Dividend payments have increased, but HeidelbergCement India only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of HeidelbergCement India's salary, the management and board of directors tenure and is there insider trading?

9.3yrs

Average management tenure


CEO

Jamshed Cooper (63yo)

5.2yrs

Tenure

₹19,198,332

Compensation

Mr. Jamshed Naval Cooper, B.Sc., MBA has been Managing Director of HeidelbergCement India Limited since July 1, 2014 and served as its Chief Executive Officer since August 29, 2016 until December 12, 2016 ...


Management Age and Tenure

9.3yrs

Average Tenure

58.5yo

Average Age

The average tenure for the HeidelbergCement India management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.3yrs

Average Tenure

57yo

Average Age

The tenure for the HeidelbergCement India board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Sushil Tiwari (64yo)

    Technical Head & Wholetime Director

    • Tenure: 8.4yrs
    • Compensation: ₹26.72m
  • V. Sharma

    Chief General Manager of Ammasandra Unit

    • Tenure: 0yrs
  • Rajesh Relan

    Legal Head

    • Tenure: 8.8yrs
    • Compensation: ₹7.46m
  • Sudipto Pal (66yo)

    Head of Adminisration & Information Technology

    • Tenure: 0yrs
    • Compensation: ₹3.92m
  • Jamshed Cooper (63yo)

    MD & Director

    • Tenure: 5.2yrs
    • Compensation: ₹19.20m
  • Ravindra Shukla (53yo)

    Senior Vice President of Sales & Marketing

    • Tenure: 0yrs
    • Compensation: ₹2.80m
  • R. Maheshwari (68yo)

    Joint President

    • Tenure: 11.4yrs
    • Compensation: ₹2.48m
  • Anil Sharma (46yo)

    Chief Financial Officer

    • Tenure: 9.7yrs
    • Compensation: ₹28.44m
  • Poonam Sharma (54yo)

    Director of Human Resources

    • Tenure: 9.7yrs
    • Compensation: ₹9.27m
  • Sumeet Bisarya (53yo)

    Senior Vice President of Business Development

    • Tenure: 0yrs
    • Compensation: ₹6.75m

Board Members

  • Sushil Tiwari (64yo)

    Technical Head & Wholetime Director

    • Tenure: 8.4yrs
    • Compensation: ₹26.72m
  • Jamshed Cooper (63yo)

    MD & Director

    • Tenure: 5.2yrs
    • Compensation: ₹19.20m
  • Akila Krishnakumar (57yo)

    Independent Woman Chairperson

    • Tenure: 0.4yrs
    • Compensation: ₹160.00k
  • Kevin Gluskie (51yo)

    Non-Executive Director

    • Tenure: 3.6yrs
  • Soek Sim (50yo)

    Non Executive Director

    • Tenure: 5yrs
  • Ramakrishnan Ramamurthy

    Independent Director

    • Tenure: 0.6yrs

Company Information

HeidelbergCement India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HeidelbergCement India Limited
  • Ticker: 500292
  • Exchange: BSE
  • Founded: 1958
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ₹41.799b
  • Shares outstanding: 226.61m
  • Website: https://www.mycemco.com

Number of Employees


Location

  • HeidelbergCement India Limited
  • Infinity Tower C
  • 9th Floor
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500292BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1994
HEIDELBERGNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1994

Biography

HeidelbergCement India Limited manufactures and sells Portland cement in India. It offers Portland pozzolana cement and Portland slag cement under the mycem brand. The company was formerly known as Mysore  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 12:40
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.