| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 568 | 512 | +11.0% |
| EBITDA | 48.2 | 57.5 | −16.3% |
| EBITDA margin | 8.5% | 11.2% | −2.8 pts |
| Profit before tax | 22.6 | 33.5 | −32.4% |
| Net profit | 16.8 | 24.9 | −32.7% |
| EPS | ₹0.74 | ₹1.10 | −32.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,809 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 189 | 67.5 | 454 | 533 | 473 | ||
| 0.0 | 0.0 | 64.9 | 125 | 174 | ||
| 2,620 | — | — | — | — | ||
| 2,416 | 2,330 | 2,149 | 2,366 | 2,238 | ||
| — | +8.4% | −9.2% | +5.7% | — | ||
| 256 | 287 | 239 | 317 | 249 | ||
| 10.6% | 12.3% | 11.1% | 13.4% | 11.1% | ||
| 143 | 178 | 130 | 207 | 137 | ||
| 108 | 134 | 107 | 168 | 99.2 | ||
| 4.5% | 5.8% | 5.0% | 7.1% | 4.4% | ||
| ₹4.77 | ₹5.91 | ₹4.71 | ₹7.40 | ₹4.38 | ||
| — | +25.5% | −36.4% | +69.2% | — | ||
| — | 198 | 265 | 350 | 226 | ||
| — | −52.4 | −109 | −73.5 | −27.6 | ||
| 146 | 146 | 155 | 276 | 199 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,808.7 | |
| - Cash, Equiv & ST Investments | 472.9 | 532.8 | 453.6 | 67.5 | 189.0 | |
| + Total Debt | 173.8 | 125.1 | 64.9 | 0.0 | 0.0 | |
| Enterprise Value | — | — | — | — | 2,619.8 | |
| Revenue | 2,238.1 | 2,365.8 | 2,148.9 | 2,329.6 | 2,416.3 | |
| Growth %, YoY | — | +5.7 | -9.2 | +8.4 | — | |
| EBITDA | 248.9 | 316.7 | 239.4 | 286.9 | 255.8 | |
| Margin % | 11.12 | 13.39 | 11.14 | 12.32 | 10.59 | |
| EBIT | 136.5 | 207.1 | 129.6 | 177.9 | 142.8 | |
| Net Income | 99.2 | 167.8 | 106.8 | 134.0 | 108.1 | |
| Margin % | 4.43 | 7.09 | 4.97 | 5.75 | 4.48 | |
| EPS, Adj (current shares) | 4.38 | 7.40 | 4.71 | 5.91 | 4.77 | |
| Growth %, YoY | — | +69.2 | -36.4 | +25.5 | — | |
| Cash from Operations | 226.1 | 349.5 | 264.7 | 198.1 | — | |
| Capital Expenditures | -27.6 | -73.5 | -109.4 | -52.4 | — | |
| Free Cash Flow | 198.5 | 276.0 | 155.3 | 145.7 | 145.7 | |
Prices at the previous close · figures from the company's filings with NSE
HeidelbergCement India (NSE: HEIDELBERG) had a market capitalisation of ₹2,809 crore at the previous close (₹123.94 a share), a PE ratio of 26.0 on the last four quarters' profit and a price-to-book ratio of 2.23. In FY26 its consolidated net profit was ₹134 crore on revenue of ₹2,330 crore; in Q2 FY27 (July–September 2026) it was ₹16.8 crore, down 32.7% year on year. It had no borrowings on 30 September 2026. Promoters held 69.39% of the shares on 30 September 2026.
HeidelbergCement India's PE ratio is 26.0 at the previous close (₹123.94 a share): a market capitalisation of ₹2,809 crore divided by consolidated net profit of ₹108 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹134 crore) it is 21.0.
HeidelbergCement India's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,261 crore on 30 September 2026, down 3.8% from ₹1,310 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,809 crore at the previous close.
HeidelbergCement India's book value per share was ₹55.62 on 30 September 2026: shareholders' equity of ₹1,261 crore divided by the 22.66 crore shares in issue, down 3.8% from ₹57.79 a year earlier. The share price at the previous close was ₹123.94.
HeidelbergCement India's price-to-book (PB) ratio is 2.23 at the previous close: a market capitalisation of ₹2,809 crore divided by shareholders' equity (book value) of ₹1,261 crore on 30 September 2026. That is a book value of ₹55.62 per share against a share price of ₹123.94.
In FY26, HeidelbergCement India's return on equity (ROE) was 9.7% and its return on capital employed (ROCE) was 11.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 7.5% and ROCE 7.7%.
HeidelbergCement India's dividend yield is 5.65% at the previous close: dividends of ₹7 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹123.94. They were ₹7 on 11 September 2026.
HeidelbergCement India's market capitalisation was ₹2,809 crore at the previous close: 22.66 crore shares at ₹123.94 each.
Yes. HeidelbergCement India had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹266 crore of cash, bank balances and current investments.
In 2026, HeidelbergCement India has declared one dividend: ₹7 with record date 11 September 2026.
HeidelbergCement India's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹1,261 crore. A year earlier, on 30 September 2025, it was 0.05.
HeidelbergCement India's basic earnings per share (EPS) were ₹5.91 in FY26, against ₹4.71 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹4.78.
Promoters held 69.39% of HeidelbergCement India on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, HeidelbergCement India's shares were held by promoters 69.39%, foreign portfolio investors (FII/FPI) 1.01%, domestic institutions (DII) 13.35% (including mutual funds at 9.78%) and retail and other non-institutional investors 16.24%. Over the year, FII holding was down 0.42 percentage points from 1.43% and DII holding was down 0.73 percentage points from 14.08%.
In FY26, HeidelbergCement India generated ₹198 crore of cash from operations and spent ₹52.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹146 crore. In FY25 it was ₹155 crore.
In FY26, HeidelbergCement India earned net profit of ₹134 crore on revenue of ₹2,330 crore, against ₹129 crore on ₹1,758 crore for Mangalam Cement. HeidelbergCement India's operating margin was 7.6% (Mangalam Cement 7.7%) and its return on equity 9.7% (Mangalam Cement 14.1%).
HeidelbergCement India's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹16.8 crore, down 32.7% from ₹24.9 crore in Q2 FY26; revenue from operations ₹568 crore, up 11.0% year on year.
In FY26 (April 2025–March 2026), HeidelbergCement India's consolidated net profit was ₹134 crore, up 25.5% from ₹107 crore in FY25, on revenue from operations of ₹2,330 crore (up 8.4%). Over three years, from FY23, net profit was up 35.1%.
HeidelbergCement India has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Mangalam Cement, KCP and Sagar Cements: HeidelbergCement India's operating margin of 7.6% is the third highest of the four (Mangalam Cement 7.7%, KCP 10.0%, Sagar Cements 2.0%; peer average 6.6%); its return on equity of 9.7% is the third highest of the four (Mangalam Cement 14.1%, KCP 11.9%, Sagar Cements −0.7%; peer average 8.4%); its revenue growth over three years of 1.3% a year is the third highest of the four (Mangalam Cement −0.8% a year, KCP 4.6% a year, Sagar Cements 5.9% a year; peer average 3.2% a year).
From HeidelbergCement India's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.