Fundamental

HEIDELBERG CEMENT INDIA LTD

Ticker : 500292
BUY: Rs. 194.15
Target: Rs. 220 



Heidelberg Cement India Ltd, with its core products being cement, ready-mix concrete, aggregates and related activities, is one of the leading producers of building materials worldwide. The capacity utilisation for Q1FY20 has exceeded 90 per cent on the back of strong demand from the infrastructure and housing segments. The Mycem Power volume has increased 53 per cent YoY. The company's EBITDA was Rs 1,253 per tonne, an increase of 33 per cent. The company’s standalone revenue for Q1FY20 came in at Rs. 582.4 crore as against Rs. 536.8 crore in the corresponding quarter last year, registering 8.5 per cent yoy increase. The PAT for the quarter came in at Rs. 79 crore as against Rs. 51.1 crore in the corresponding quarter last year, an increase of 54.6 per cent yoy. We recommend a BUY.