Heidelberg Cem. Q4 FY26 Share Price & Earnings Call Analysis

Financials of Heidelberg Cem.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Heidelberg Cem.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +602596566607597532461543612598512574646
Expenses +533503497542508454424510522509454521558
Operating Profit69936965897837339189585388
OPM %11%16%12%11%15%15%8%6%15%15%11%9%14%
Other Income +131314131412139119914
Interest7998999756641
Depreciation27272727282826282727272827
Profit before tax4970484366531587065332263
Tax %28%25%26%26%27%25%26%31%27%25%26%31%28%
Net Profit +3552363148401155048251645
EPS in Rs1.542.311.581.392.131.760.490.232.232.131.100.692.00

Financials of Heidelberg Cem.

Profit & Loss

Annual income statement trend

Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,0441,6481,7171,8892,1332,1702,1172,2972,2382,3662,1492,330
Expenses +1,7831,4171,4391,5261,6501,6421,6101,8621,9892,0491,9092,043
Operating Profit261231279363483528507435249317240287
OPM %13%14%16%19%23%24%24%19%11%13%11%12%
Other Income +1352224203553464945554524
Interest13910890747574513646352918
Depreciation13810099101102109111112112110110109
Profit before tax12045114208342398391335136227146184
Tax %50%22%33%36%35%33%20%25%27%26%27%27%
Net Profit +60357613322126831525299168107134
EPS in Rs2.631.563.365.889.7411.8313.9011.134.387.404.715.91
Dividend Payout %0%0%59%43%41%63%58%81%160%108%149%0%

Financials of Heidelberg Cem.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital227227227227227227227227227227227227
Reserves6456687408209451,0881,2671,3391,2351,2431,1691,145
Borrowings +1,2991,0397056195174133061991821377514
Other Liabilities +6506817358671,0081,0651,0451,0601,0221,0541,0711,052
Total Liabilities2,8202,6152,4082,5332,6962,7932,8452,8242,6652,6612,5422,438
Fixed Assets +1,7941,9011,8771,8061,7371,6931,6181,5621,4901,4101,3461,392
CWIP12756681716192762811010
Investments000000055142020
Other Assets +8996575247199411,0841,2081,2301,1641,2091,0651,016
Total Assets2,8202,6152,4082,5332,6962,7932,8452,8242,6652,6612,5422,438

Financials of Heidelberg Cem.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +238257361377393459439302226350265198
Cash from Investing Activity +6-108-40-14-26-14-173-35144-48-73-341
Cash from Financing Activity +-212-287-315-165-242-314-304-328-267-242-271-244
Net Cash Flow32-1386198125131-38-6110460-79-386
Free Cash Flow65135317359351415394255199277165146
CFO/OP95%117%138%116%96%101%100%82%109%130%131%90%

Financials of Heidelberg Cem.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3634446658109
Inventory Days168195141125158137157147160139141125
Days Payable168204194223262243265225239235245244
Cash Conversion Cycle3-3-50-95-100-101-102-71-75-88-94-109
Working Capital Days-62-93-36-79-62-63-61-5-37-49-67-50
ROCE %9%7%11%17%25%28%25%21%11%16%11%15%

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What Heidelberg Cem.'s management said in earlier quarters

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