HeidelbergCement: Merits a review for inclusion in shopping list
The demand recovery for Heidelberg has been swift on account of the normalisation of supply chain and healthy cash flows in rural markets, but its sustenance will be challenged by sporadic lockdowns and rising Covid cases
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
HeidelbergCement India’s (CMP: Rs 183 Market Cap: Rs 4154 crore) June quarter performance was better than expected despite the Covid-led lockdown. Robust cement off-take in May and June along with cost reduction efforts drove the beat on margins. The key positive surprise in the results was the strong operating cash flows, which strengthened its balance sheet in the quarter gone by. Quarterly result highlights HeidelbergCement’s revenues in Q1 fell by 30 per cent year-on-year (YoY) on the back of Covid-induced shutdowns....
Watch Webinar
-
Pro Masters Virtual: India on cusp of growth take-off, by Vaibhav Agrawal
Watch more -
Pro Masters Virtual: Watch ‘Commodity: Gold Investments’ with Somasundaram PR
Watch more -
Pro Masters Virtual: Watch “Multicap Funds: A Perfect Balance Between Growth & Stability” with R Srinivasan, Ruchit Mehta, Sukanya Ghosh, Priyanka Dhingra, Saurabh Pant and Nidhi Chawla
Watch more
-
PRO PanoramaMoneycontrol Pro Panorama | Indian stocks sitting pretty, but Asia feels the China chill
Nov 28, 2022 / 03:31 PM IST
In today’s edition of Moneycontrol Pro Panorama: It's advantage India amid China-Australia trade faceoff, small insurers accorded space to grow, shift in energy balance has to be fair, migrant footballers add spark to FIFA World Cup, and more
Read Now -
PRO WeekenderMoneycontrol Pro Weekender | Outrunning the bear
Nov 5, 2022 / 01:07 PM IST
As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times
Read Now
To read the full story, Subscribe to Moneycontrol PRO
Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience
Already a member? Sign in
Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to
What Do You Get
-
Ad free experience
Experience a non-intrusive navigation and faster response in the ad free mode
-
Sharpest Opinions
Access to 230+ exclusive stories per month from our editorial and Experts
-
+
Have a Global edge with access to content from world renowned experts and journalist
-
Actionable Insights
Access to 40+ weekly investment ideas including 4 daily technical calls
-
Virtual Events
Exclusive access to live webinars from market experts on trading and investment strategies
-
Newsletters
Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.
Get upto 50% discount on limited period offers