HeidelbergCement India standalone net profit declines 23.74% in the June 2024 quarter

Upcoming results : Adani Power, Ambuja Cement, Asahi India Glass, Aster DM Healthcare, Bank of Baroda, BHEL, Birlasoft, Coal India, Crompton Greaves Consumer Electricals, Electrosteel Castings, Elgi Equipments, Five-star Business Finance, GE T&D India, Godrej Properties, Greenply Industries, HeidelbergCement, JBM Auto, JK Lakshmi Cement, KPR Mills, Lakshmi Machine Works, Mahindra and Mahindra, Mankind Pharma, Marut

Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid

HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated July 20, 2023.

Reduce Heidelberg Cement; target of Rs 160: HDFC Securities

Overall story remains unchanged as lack of capacity addition from the company is likely to limit volume growth going forward.

Heidelberg Cement Q1 Review - Good Results; Longer Term Visibility Still Missing: Centrum Broking

HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated May 30, 2023.

Results Review for JK Cement, KNR Constructions, NOCIL, Heidelberg Cement

HeidelbergCement India Ltd on Monday reported a 62.64 per cent decline in its net profit to Rs 34.97 crore for the fourth quarter ended March 2023, on account of an increase in input costs and lower sales volume.

HeidelbergCement India net profit falls 62.6% to Rs 35 cr in March quarter

HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated February 15, 2023.

The problem is that at a time when many cement makers are going full throttle on capacity expansions, Heidelberg is lagging behind. The company will focus on increasing capacity only marginally via debottlenecking and the ongoing debottlenecking is slated to be completed by FY24

Lack of expansion plans dulls Heidelberg Cement’s outlook

Its revenue from operation was flat at Rs 540.12 crore during the quarter under review as against Rs 544.52 crore in the corresponding quarter previous fiscal.

HeidelbergCement India Q3 net profit falls 81.66% to Rs 5.58 crore

Castrol India, Nykaa, Godrej Industries, Hinduja Global Solutions, HeidelbergCement India, New India Assurance and Zee Entertainment will be among the stocks in focus as they declare their December quarter earnings today.

Stocks to Watch: Adani Group, BHEL, Kotak, Delhivery, Oil India, Inox Wind

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Heidelberg Cement India Limited is engaged in manufacturing of Portland cement. The Company's product portfolio includes Portland Pozzolana Cement and Portland Slag cement.