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Reduce Heidelberg Cement India Ltd For Target Rs.173 - ICICI Securities Heidelberg (HEIM) reported good set of result for 1QFY24 with EBITDA of Rs929mn, 14% ahead of our estimate of Rs817mn. Better volumes and lower than expected costs resulted in EBITDA beat. While the numbers for 1QFY24 were tad better, overall story remains unchanged as lack of capacity addition from the company is likely to limit volume growth going forward. HEIM’s volume CAGR over the past five years is flat whereas industry has grown at ~6%. We await long term capital allocation plan ...
Reduce Heidelberg Cement India Ltd For Target Rs.173 - ICICI Securities
Reduce Heidelberg Cement India Ltd For Target Rs.173 - ICICI Securities
Source: Centrum Broking Ltd
25/07/2023 12:45:57 PM
Reduce Heidelberg Cement India Ltd For Target Rs.173 - Centrum Broking Ltd Heidelberg (HEIM) reported good set of result for 1QFY24 with EBITDA of Rs929mn, 14% ahead of our estimate of Rs817mn. Better volumes and lower than expected costs resulted in EBITDA beat. While the numbers for 1QFY24 were tad better, overall story remains unchanged as lack of capacity addition from the company is likely to limit volume growth going forward. HEIM’s volume CAGR over the past five years is flat whereas industry has grown at ~6%. We await long term capital allocation plan ...
Reduce Heidelberg Cement India Ltd For Target Rs.173 - Centrum Broking Ltd
Reduce Heidelberg Cement India Ltd For Target Rs.173 - Centrum Broking Ltd
Source: Centrum Broking Ltd
22/07/2023 12:46:01 PM
Reduce Heidelberg Cement Ltd For Target Rs.187 - Centrum Broking Net sales were down 14% QoQ on account of lower volume and realisation   Net sales, at Rs5bn, was down 14% QoQ/down 12% YoY on account of lower volume and realization/t during the quarter. Blended cement prices decreased (down 4.6% QoQ/up 8% YoY to Rs5,061/t) for HEIM due to seasonally weak demand. Demand in Uttar Pradesh and Madhya Pradesh was affected due to weather related issues (heavy rains and flooding in UP)., leading to ~10% QoQ/~19% YoY fall in volume in Q2FY23 to 1.0mt. HEIM...
Reduce Heidelberg Cement Ltd For Target Rs.187 - Centrum Broking
Reduce Heidelberg Cement Ltd For Target Rs.187 - Centrum Broking
Source: Centrum Broking Ltd
20/10/2022 1:20:50 PM
Hold Heidelberg Cement India Ltd For Target Rs.186 - ICICI Securities Volumes disappoint, again HeidelbergCement India’s (HEIM) Q2FY23 EBITDA of Rs476mn (down 59% YoY) was below our / consensus estimates owing to lower-than-expected volumes. Volumes declined 19%/10% YoY/QoQ as company attempts to pass-on (23% YoY and 3% QoQ) cost increases via realisation growth of 8% YoY but down 5% QoQ. Consequently, EBITDA/te declined 50%/44% YoY/QoQ to Rs476/te (I-Sec: Rs587/te). Central region – key market for HEIM – is likely to see 20% capacity addit...
Hold Heidelberg Cement India Ltd For Target Rs.186 - ICICI Securities
Hold Heidelberg Cement India Ltd For Target Rs.186 - ICICI Securities
Source: ICICI Securities Ltd
19/10/2022 11:03:54 AM
Heidelberg Cement India jumps despite reporting 25% fall in Q1 net profit Heidelberg Cement India is currently trading at Rs. 179.35, up by 1.80 points or 1.01% from its previous closing of Rs. 177.55 on the BSE. The scrip opened at Rs. 176.60 and has touched a high and low of Rs. 181.30 and Rs. 176.00 respectively. So far 10809 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 277.95 on 16-Sep-2021 and a 52 week low of Rs. 164.00 on 20-Jun-2022. Last one week high and low of the scrip...
Heidelberg Cement India jumps despite reporting 25% fall in Q1 net profit
Heidelberg Cement India jumps despite reporting 25% fall in Q1 net profit
Source: Accord Fintech
19/07/2022 10:28:28 AM
Heidelberg Cement soars on commissioning 5.5 MW solar power plant at Madhya Pradesh Heidelberg Cement India is currently trading at Rs. 210.00, up by 8.00 points or 3.96% from its previous closing of Rs. 202.00 on the BSE. The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 214.15 and Rs. 207.65 respectively. So far 9155 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.55 on 31-May-2021 and a 52 week low of Rs. 178.95 on 07-Mar-2022. Last one week high and low of the scrip ...
Heidelberg Cement soars on commissioning 5.5 MW solar power plant at Madhya Pradesh
Heidelberg Cement soars on commissioning 5.5 MW solar power plant at Madhya Pradesh
Source: Accord Fintech
13/04/2022 9:55:02 AM
Add Heidelberg Cement India Ltd For Target Rs.280 - ICICI Securities Margins impacted by cost escalations HeidelbergCement India’s (HEIM) Q2FY22 EBITDA at Rs1.2bn (down 8% YoY) was higher than our / consensus estimates led by higher volumes, up 11% YoY and 4% QoQ. Realisation remained flat QoQ and YoY while total cost/te rose 6.8% YoY and 4.1% QoQ resulting in EBITDA/te declining 16.8% YoY and 14.6% QoQ to Rs946/te. While investor concerns around sharp cost increases seem valid, industry has demonstrated strong pricing resilience in the past. Our rece...
Add Heidelberg Cement India Ltd For Target Rs.280 - ICICI Securities
Add Heidelberg Cement India Ltd For Target Rs.280 - ICICI Securities
Source: ICICI Securities
15/11/2021 10:17:29 AM
Hold Heidelberg Cement Ltd For Target Rs. 285 - ICICI Direct Stable performance; b/s strengthens further… Heidelberg Cement reported revenue growth of 14.1% YoY, mainly on the back of 14.9% YoY jump in volumes to 1.25 MT during Q4FY21. Capacity utilisation was at 80% for the quarter while for the full year it was at 72% despite pandemic vs. 87% last year. EBITDA/tonne, however, fell 8.3% YoY to | 1067/t (vs. | 1164/t last year) mainly on account of a sharp jump in the power & fuel costs (up 17.1% YoY to | 1202/t). Higher dependence on gri...
Hold Heidelberg Cement Ltd For Target Rs. 285 - ICICI Direct
Hold Heidelberg Cement Ltd For Target Rs. 285 - ICICI Direct
Source: ICICI Direct
2/07/2021 10:37:37 AM
Buy Heidelberg Cement For Target Rs. 266 - HDFC Securities Major maintenance work inflated opex during 3Q Heidelberg Cement’s (HEIM) 3QFY21 revenue grew by 9% YoY to INR 5.95bn led by both higher sales volume and realisation. However, EBITDA came in flat YoY at INR 1.20bn as input cost inflated (due to OLBC maintenance work at Damoh). Further, the higher tax outgo led to APAT falling 2% YoY to INR 0.64bn. Net cash balance increased to INR 2.2bn in Dec’20 vs net debt of INR 71mn in Mar’20. We continue to like HEIM for its retail p...
Buy Heidelberg Cement For Target Rs. 266 - HDFC Securities
Buy Heidelberg Cement For Target Rs. 266 - HDFC Securities
Source: HDFC Securities Ltd
11/03/2021 10:30:45 AM