Cement manufacturer (Heidelberg Materials Group); 6.26 MTPA capacity across MP, Karnataka, UP plants.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 227 | 227 | 227 | 227 | 227 | 227 | 227 | 227 |
| Reserves | 1.1k | 1.3k | 1.3k | 1.2k | 1.2k | 1.2k | 1.1k | 1.1k |
| Borrowings | 413 | 306 | 199 | 182 | 137 | 75 | 77 | 14 |
| Other Liabilities | 1.1k | 1.0k | 1.1k | 1.0k | 1.1k | 1.1k | 1.1k | 1.1k |
| Total Liabilities | 2.8k | 2.8k | 2.8k | 2.7k | 2.7k | 2.5k | 2.4k | 2.4k |
| AssetsFixed Assets | 1.7k | 1.6k | 1.6k | 1.5k | 1.4k | 1.3k | 1.3k | 1.4k |
| CWIP | 16 | 19 | 27 | 6 | 28 | 110 | 133 | 10 |
| Investments | 0 | 0 | 5 | 5 | 14 | 20 | 20 | 20 |
| Other Assets | 1.1k | 1.2k | 1.2k | 1.2k | 1.2k | 1.1k | 991 | 1.0k |
| Total Assets | 2.8k | 2.8k | 2.8k | 2.7k | 2.7k | 2.5k | 2.4k | 2.4k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 393 | 459 | 439 | 302 | 226 | 350 | 265 | 198 |
| Cash from Investing | -26 | -14 | -173 | -35 | 144 | -48 | -73 | -341 |
| Cash from Financing | -242 | -314 | -304 | -328 | -267 | -242 | -271 | -244 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 351 | 415 | 394 | 255 | 199 | 277 | 165 | 146 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
HEIDELBERG · CYCLICAL_UNMODELABLE
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