Nihar Nandan Nilekani, son of Infosys co-founder Nandan Nilekani, bought 32,50,000 shares in LIC-backed cement company!
\The shares of the company have delivered a return of around 30 per cent to its shareholders in just 1 year.
Nihar Nandan Nilekani, son of Infosys Ltd co-founder Nandan Nilekani, acquired a 1.43 per cent stake or 32,50,000 shares worth around Rs 75.30 crore based on today's stock closing price in HeidelbergCement India Ltd, according to the latest June quarter update."
Heidelberg Cement India, the Indian subsidiary of HeidelbergCement Group based in Germany, operates in Central India with facilities in Damoh (Madhya Pradesh) and Jhansi (Uttar Pradesh), as well as in Southern India at Ammasandra (Karnataka) [1]. The company markets its products under the brands MyCem and MyCem Power.
Today, the shares of HeidelbergCement India Ltd closed flat at Rs 231.70 per share compared to Rs 232 per share previously. The current market capitalization stands at Rs 5250.63 crore. Over the past year, the stock has delivered returns of around 30 per cent.
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According to the annual performance of the company, it reported revenue of Rs 597 crore compared to Rs 602 crore. The company’s operating profit stands at Rs 89 crore with an operating profit margin of 15 per cent. The company’s net profit stands at Rs 48 crore compared to a profit of Rs 35 crore.
As per Quarterly Results in Q4 FY24, the company reported a quarterly revenue from operation of Rs 2366 crore compared to a revenue of Rs 2238 crore, representing a growth of 5.70 per cent on a YoY basis. The company posted a net profit of Rs 168 crore in Q4 FY24 compared to a net profit of Rs 99 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.