NSEI:HEIDELBERG

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

5.1%

HEIDELBERG

2.8%

IN Basic Materials

2.4%

IN Market


1 Year Return

52.0%

HEIDELBERG

15.1%

IN Basic Materials

8.0%

IN Market

Return vs Industry: HEIDELBERG exceeded the Indian Basic Materials industry which returned 15.1% over the past year.

Return vs Market: HEIDELBERG exceeded the Indian Market which returned 8% over the past year.


Shareholder returns

HEIDELBERGIndustryMarket
7 Day5.1%2.8%2.4%
30 Day1.7%-1.5%2.5%
90 Day-4.7%-6.5%3.6%
1 Year55.4%52.0%15.8%15.1%10.3%8.0%
3 Year39.6%32.3%-3.1%-4.7%22.3%16.0%
5 Year133.5%121.2%46.1%41.4%42.8%29.3%

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 compared to its fair value and its price relative to the market?

17.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HEIDELBERG (₹190.05) is trading above our estimate of fair value (₹172.39)

Significantly Below Fair Value: HEIDELBERG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HEIDELBERG is good value based on its PE Ratio (17.3x) compared to the Basic Materials industry average (17.3x).

PE vs Market: HEIDELBERG is poor value based on its PE Ratio (17.3x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: HEIDELBERG is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: HEIDELBERG is overvalued based on its PB Ratio (3.7x) compared to the IN Basic Materials industry average (1x).


Next Steps

Future Growth

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

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEIDELBERG's forecast earnings growth (12.6% per year) is above the savings rate (7.6%).

Earnings vs Market: HEIDELBERG's earnings (12.6% per year) are forecast to grow slower than the Indian market (18.4% per year).

High Growth Earnings: HEIDELBERG's earnings are forecast to grow, but not significantly.

Revenue vs Market: HEIDELBERG's revenue (6.8% per year) is forecast to grow slower than the Indian market (11.3% per year).

High Growth Revenue: HEIDELBERG's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HEIDELBERG's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: HEIDELBERG's earnings have grown significantly by 48.5% per year over the past 5 years.

Accelerating Growth: HEIDELBERG's earnings growth over the past year (47.7%) is below its 5-year average (48.5% per year).

Earnings vs Industry: HEIDELBERG earnings growth over the past year (47.7%) exceeded the Basic Materials industry 13.1%.


Return on Equity

High ROE: HEIDELBERG's Return on Equity (21.2%) is considered high.


Return on Assets

ROA vs Industry: HEIDELBERG has a higher Return on Assets than the Basic Materials industry average last year.


Return on Capital Employed

ROCE Improving: HEIDELBERG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is HeidelbergCement India's financial position?


Financial Position Analysis

Short Term Liabilities: HEIDELBERG's short term assets (₹8.9B) do not cover its short term liabilities (₹9.1B)

Long Term Liabilities: HEIDELBERG's short term assets (8.9B) exceeds its long term liabilities (6.1B)


Debt to Equity History and Analysis

Debt Level: HEIDELBERG's debt to equity ratio (33.5%) is considered satisfactory

Reducing Debt: HEIDELBERG's debt to equity ratio has reduced from 144.1% to 33.5% over the past 5 years.

Debt Coverage: HEIDELBERG's debt is well covered by operating cash flow (100.3%).

Interest Coverage: HEIDELBERG's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet

Inventory Level: HEIDELBERG has a high level of physical assets or inventory.

Debt Coverage by Assets: HEIDELBERG's debt is covered by short term assets (assets are 2.264890x debt).


Next Steps

Dividend

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

2.10%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HEIDELBERG's dividend (2.1%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: HEIDELBERG's dividend (2.1%) is low compared to the top 25% of dividend payers in the Indian market (2.41%).

Stable Dividend: Whilst dividend payments have been stable, HEIDELBERG has been paying a dividend for less than 10 years.

Growing Dividend: HEIDELBERG's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.5%), HEIDELBERG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.8yrs

Average management tenure


CEO

Jamshed Cooper (63yo)

5.3yrs

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

9.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: HEIDELBERG's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: HEIDELBERG's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Sushil Tiwari (64yo)

    Technical Head & Wholetime Director

    • Tenure: 8.5yrs
    • Compensation: ₹26.72m
  • V. Sharma

    Chief General Manager of Ammasandra Unit

    • Tenure: 0yrs
  • Rajesh Relan

    Legal Head

    • Tenure: 0yrs
    • Compensation: ₹7.46m
  • Sudipto Pal (66yo)

    Head of Adminisration & Information Technology

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

    MD & Director

    • Tenure: 5.3yrs
    • Compensation: ₹19.20m
  • Ravindra Shukla (53yo)

    Senior Vice President of Sales & Marketing

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

    Joint President

    • Tenure: 11.5yrs
    • Compensation: ₹2.48m
  • Anil Sharma (46yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
    • Compensation: ₹28.44m
  • Poonam Sharma (54yo)

    Director of Human Resources

    • Tenure: 9.8yrs
    • 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: 8.5yrs
    • Compensation: ₹26.72m
  • Jamshed Cooper (63yo)

    MD & Director

    • Tenure: 5.3yrs
    • Compensation: ₹19.20m
  • Akila Krishnakumar (57yo)

    Independent Woman Chairperson

    • Tenure: 0.5yrs
    • Compensation: ₹160.00k
  • Kevin Gluskie (51yo)

    Non-Executive Director

    • Tenure: 3.7yrs
  • Peng Soek (50yo)

    Non Executive Director

    • Tenure: 5.1yrs
  • Ramakrishnan Ramamurthy

    Independent Director

    • Tenure: 0.7yrs

Company Information

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


Key Information

  • Name: HeidelbergCement India Limited
  • Ticker: HEIDELBERG
  • Exchange: NSEI
  • Founded: 1958
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ₹43.090b
  • 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 Analysis2019/10/22 12:49
End of Day Share Price2019/10/22 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.