HeidelbergCement India enterprise value

Share price at each year-end

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	—	—	—	—
−189	−67.5	−389	−408	−299
₹115.60	—	—	—	—

1,261	1,372	1,460	1,595	1,635
0.0%	0.0%	4.4%	7.8%	10.6%

1.08×	—	—	—	—
10.24×	—	—	—	—
18.35×	—	—	—	—
17.98×	—	—	—	—
2,416	2,330	2,149	2,366	2,238
256	287	239	317	249
143	178	130	207	137
—	198	265	350	226
146	146	155	276	199
—	142	151	272	192
—	52.4	109	73.5	27.6

Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

HEIDELBERG₹123.94

HeidelbergCement India Limited

· Infrastructure

₹ CrorePeersMANGLMCEM KCP SAGCEM SHREDIGCEM NCLIND DECCANCE VISAKAIND SAURASHCEMMcap ₹2,809 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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
Net Debt (memo)	-299.1	-407.7	-388.7	-67.5	-189.0
EV per Share	—	—	—	—	115.60

Total Capital	1,635.2	1,594.9	1,460.1	1,371.9	1,260.5
Total Debt/Total Capital	10.63	7.84	4.44	0.00	0.00

EV/Sales	—	—	—	—	1.08
EV/EBITDA	—	—	—	—	10.24
EV/EBIT	—	—	—	—	18.35
EV/Free Cash Flow	—	—	—	—	17.98
Reference Items — Trailing FY Values
Sales	2,238.1	2,365.8	2,148.9	2,329.6	2,416.3
EBITDA	248.9	316.7	239.4	286.9	255.8
EBIT	136.5	207.1	129.6	177.9	142.8
Operating Cash Flow	226.1	349.5	264.7	198.1	—
Free Cash Flow	198.5	276.0	155.3	145.7	145.7
FCFF (free cash flow to the firm)	191.7	271.6	150.7	142.4	—
Capital Expenditure	27.6	73.5	109.4	52.4	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.