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Heidelbergcement India Ltd
NSE:HEIDELBERG

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Heidelbergcement India Ltd
NSE:HEIDELBERG
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Price: 158.19 INR -1% Market Closed
Market Cap: ₹35.8B

EV/EBITDA

11
Current
27%
Cheaper
vs 3-y average of 15

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11
=
Enterprise Value
₹32.3B
/
EBITDA
₹2.9B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11
=
Enterprise Value
₹32.3B
/
EBITDA
₹2.9B

Valuation Scenarios

Heidelbergcement India Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (15), the stock would be worth ₹216.04 (37% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+60%
Average Upside
32%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11 ₹158.19
0%
3-Year Average 15 ₹216.04
+37%
5-Year Average 13.1 ₹188.75
+19%
Industry Average 12.2 ₹175.99
+11%
Country Average 17.7 ₹253.84
+60%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹32.3B
/
Jan 2026
₹2.9B
=
11
Current
₹32.3B
/
Mar 2026
₹3B
=
10.6
Forward
₹32.3B
/
Mar 2027
₹3.6B
=
9.1
Forward
₹32.3B
/
Mar 2028
₹4B
=
8.1
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Heidelbergcement India Ltd
NSE:HEIDELBERG
35.8B INR 11 25.8
IE
CRH PLC
NYSE:CRH
78.9B USD 12.3 21
CH
Holcim AG
SIX:HOLN
39.8B CHF 12.8 3.1
DE
HeidelbergCement AG
XETRA:HEI
32.8B EUR 8.2 16.9
US
Vulcan Materials Co
NYSE:VMC
38.1B USD 18.1 35.4
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.6T INR 23.3 48.6
US
Martin Marietta Materials Inc
NYSE:MLM
37.1B USD 20.1 32.6
US
Amrize AG
SIX:AMRZ
24.4B CHF 12.1 25.9
DE
Heidelberg Materials AG
XMUN:HEI
21.7B EUR 5.8 11.2
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 8.9 44.3
CN
China Jushi Co Ltd
SSE:600176
133B CNY 31.5 40.5

Market Distribution

Lower than 74% of companies in India
Percentile
26th
Based on 2 785 companies
26th percentile
11
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Heidelbergcement India Ltd
Glance View

Market Cap
35.8B INR
Industry
Construction

HeidelbergCement India Ltd. engages in the manufacturing and selling of clinker and cement. The company is headquartered in Gurgaon, Haryana. The firm sells its products under two brand, namely Mycem and Mycem Power. Its Mycem Portland Pozzolana Cement is a kind of Blended Cement which is produced by grinding the Portland clinker with gypsum and reactive pozzolanic materials in measured proportions. Its Mycem Power is a Superior Quality Blended Cement with laminated packaging, prevent cement from hydration due to atmospheric moisture and remain intact. Its Mycem Advance is a Blended Cement with water tight packaging, prevent cement from hydration due to atmospheric moisture and remain intact. The firm's manufacturing facilities are located in Ammasandra, Karnataka; Damoh, Madhya Pradesh, and Jhansi, Uttar Pradesh.

HEIDELBERG Intrinsic Value
150.37 INR
Overvaluation 5%
Intrinsic Value
Price ₹158.19
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