Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep
Source: Bse
HeidelbergCement India Limited (HEIDELBERG)
Small CapIndustrials stocks · Small cap · NSE
HeidelbergCement India Limited operates in Cement, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result29 Jul, 08:51 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
37Bearishfull bear SMA stack · SMA20 -16.3% / mo · RSI oversold · MACD + · near 52W low
Stock trend: 28
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HEIDELBERGD candles · FIT view-20.5%Latest close ₹124.51 on 2026-10-19
Bar
-0.8%
RSI
25
MACD hist
0.36
52W pos
1%
2026-10-19O ₹125.50H ₹125.90L ₹124.00C ₹124.51Vol 88,420 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HEIDELBERGNifty India ManufacturingNifty 500
- HEIDELBERG
- -21.9%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -16.4 pp
Chart stats
19 Oct 2026- From 52W high
- -39.8%
- 52W range position
- 1%
- ATR (14)
- 2.4%
- Volume vs 20D
- 0.56x
- Avg traded value
- ₹2 Cr
- 20D price channel
- ₹123.8 - ₹147
₹206.7
₹123.8 - ₹206.7
₹3
Latest completed session
20-session average
20.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST33
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +5.0% · PAT -35.4% YoY
Technical
Bearish37
Price trend and sector-relative-strength timing.
Valuation
Legacy model-712.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -35% YoY · margin compression · Rev +5% YoY
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹628 Cr | +5.0% | -2.8% |
| EBITDA | ₹67 Cr | -24.7% | -23.9% |
| Operating margin | 11.0% | -400 bps | -300 bps |
| PAT | ₹31 Cr | -35.4% | -31.1% |
| PAT margin | 4.9% | -309 bps | -203 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.30
- P/B
- 2.15
- EV/EBITDA
- 7.88
- Market Cap
- 2948.00Cr
Profitability
- ROE
- 10.10%
- ROCE
- 14.70%
- ROA
- 4.76%
- Dividend Y
- 5.38%
Growth (CAGR)
- Revenue 5Y
- 2.00%
- EPS 5Y
- -15.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 12.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 17.67×
- Altman Z
- 3.85
- Book Value
- 60.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 11/5
- OCF
- 198.00 Cr
- EPS TTM
- 5.14
Shareholding
- Promoter Hold
- 69.39%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 2,360+1.3% vs prev
Net Profit
₹ CrLatest: 134+25.2% vs prev
Return on Equity
%Latest: 9.8+27.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 25. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~19.5% over last month) — short-term momentum negative.
- RSI(14) at 25 — oversold zone; bounce conditions.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
16
RS percentile
Stage 4 Downtrend
1M return
-14.7%
3M return
-21.9%
6M return
-22.1%
1Y return
-36.0%
RS 1D
0
RS 20D
-11
Sector rank
#2
Industry rank
#74
Stage evidence
- Price is 18.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.3%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 64.28+0.30%
RS vs Nifty 50064
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation4/30
Growth2/25
Quality3/20
Balance Sheet14/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
33
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
33/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 14/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -712.8%.
- Growth is weaker at 2/25; verify the latest quarterly trend.
- Valuation is weaker at 4/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
24.3
PB
2.1
EV/EBITDA
7.9
ROE
10.1%
ROCE
14.7%
FCF Yield
—
Debt/Equity
0.0
MoS
-712.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
33
Previous: 33
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-712.8%
Previous: -712.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
33
33
33
33
33
33
33
33
33
33
33
33
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹83.65
-48.9% MoS
Growth-justified P/E
3.0
Growth-justified Value
₹15.32
-712.8% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANGLMCEM
Small
Mangalam Cement Limited
Cement
match 171
41
21.0
16.3%
+26%
WATCHLIST
SOMANYCERA
Small
Somany Ceramics Limited
Cement
match 170
33
22.8
10.4%
-104%
WATCHLIST
SAGCEM
Small
Sagar Cements Limited
Cement
match 167
17
101.0
-0.3%
-2622%
OVERVALUED
SAURASHCEM
Small
Saurashtra Cement Limited
Cement
match 164
35
35.7
2.3%
-3484%
WATCHLIST
SHREDIGCEM
Small
Shree Digvijay Cement Co.Ltd
Cement
match 164
14
54.5
6.8%
-1605%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
HeidelbergCement India Limited operates in Cement, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
74Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 75th percentile of the scored universe and 73rd percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
68 docs text-extracted · 34 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Industrials: 73rd pctile, median 68 · Small: 77th pctile, median 66
Evidence depth
Financial-only
68 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 69.4%.
- ▸Promoter pledge is zero.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.01.
Trust risks
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching HeidelbergCement India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jun
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.