| ₹ 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 30 October 2026 close · figures from the company's filings with NSE
HeidelbergCement India (NSE: HEIDELBERG) had a market capitalisation of ₹2,741 crore at the 30 October 2026 close (₹120.97 a share), a PE ratio of 25.4 on the last four quarters' profit and a price-to-book ratio of 2.17. 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 25.4 at the 30 October 2026 close (₹120.97 a share): a market capitalisation of ₹2,741 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 20.5.
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 ₹2,741 crore at the 30 October 2026 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 30 October 2026 close was ₹120.97.
HeidelbergCement India's price-to-book (PB) ratio is 2.17 at the 30 October 2026 close: a market capitalisation of ₹2,741 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 ₹120.97.
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 5.79% at the 30 October 2026 close: dividends of ₹7 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹120.97. They were ₹7 on 11 September 2026.
HeidelbergCement India's market capitalisation was ₹2,741 crore at the 30 October 2026 close: 22.66 crore shares at ₹120.97 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%). At the 30 October 2026 close, HeidelbergCement India's market capitalisation was ₹2,741 crore against ₹2,413 crore for Mangalam Cement, and its PE ratio on FY26 profit 20.5 against 18.7.
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, and NSE prices (the latest used here: the 30 October 2026 close). 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.