---
title: "Hemadri Cements Ltd (502133) — Share Price, Financials & Analysis"
symbol: "502133"
company: "Hemadri Cements Ltd"
canonical: "https://tapetide.com/stocks/502133"
bse_code: "502133"
sector: "Commodities"
industry: "Cement & Cement Products"
generated_at: "2026-09-13T18:34:55.588Z"
---

# Hemadri Cements Ltd (502133)

Canonical page: https://tapetide.com/stocks/502133

## Company

- **BSE Code:** 502133
- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hemadricements.com

## About

Incorporated in 1981, Hemadri Cements Ltd manufactures and sells cement[1]

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of -101% over last 3 years.
- Earnings include an other income of Rs.8.63 Cr.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 86% | 4% |
| revenue growth | -100% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.03 | 14.98 | 14.36 | 6.53 | 1.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 15.13 | 14.58 | 18.06 | 16.35 | 3.9 | 2.93 | 4.13 | 2.41 | 1.5 | 2.79 | 1.77 | 0.67 |
| Operating Profit | -3.1 | 0.4 | -3.7 | -9.82 | -2.48 | -2.93 | -4.13 | -2.41 | -1.5 | -2.79 | -1.77 | -0.67 |
| OPM % | -25.77 | 2.67 | -25.77 | -150.38 | -174.65 | — | — | — | — | — | — | — |
| Other Income | 0.42 | 0.01 | 0.21 | 0.14 | 0.3 | 0.21 | 0.46 | 0.4 | 0.23 | 0.04 | 8.29 | 0.07 |
| Interest | 0.34 | 0.32 | 0.42 | 0.33 | 0.22 | 0.05 | 0.78 | 0.49 | 0.19 | 0 | 0 | 0 |
| Depreciation | 0.47 | 0.47 | 0.48 | 0.39 | 0.42 | 0.39 | 0.4 | 0.36 | 0.36 | 0.36 | 0 | 0 |
| Profit before tax | -3.49 | -0.38 | -4.39 | -10.4 | -2.82 | -3.16 | -4.85 | -2.86 | -1.82 | -3.11 | 6.52 | -0.6 |
| Tax % | 0.29 | 0 | -42.82 | 0 | 0 | 0 | 120.41 | 0 | 0 | 0 | 58.59 | 0 |
| Net Profit | -3.5 | -0.38 | -2.51 | -10.4 | -2.81 | -3.16 | -10.69 | -2.87 | -1.81 | -3.11 | 2.71 | -0.6 |
| EPS in Rs | -5.25 | -0.57 | -3.76 | -15.59 | -4.21 | -4.74 | -16.03 | -4.3 | -2.71 | -4.66 | 4.06 | -0.9 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 82.23 | 75.42 | 70.1 | 95.49 | 82.46 | 68.37 | 55.86 | 7.95 | 0 | 0 |
| Expenses | 80.88 | 77.38 | 68.13 | 89.93 | 81.26 | 88.1 | 66.39 | 27.3 | 8.47 | 6.73 |
| Operating Profit | 1.35 | -1.96 | 1.97 | 5.56 | 1.2 | -19.73 | -10.53 | -19.35 | -8.47 | -6.73 |
| OPM % | 1.64 | -2.6 | 2.81 | 5.82 | 1.46 | -28.86 | -18.85 | -243.4 | — | — |
| Other Income | 0.76 | 4.46 | 0.43 | 0.38 | 1.75 | 2.32 | 1 | 1.11 | 5.14 | 8.63 |
| Interest | 0.02 | 0.7 | 0.91 | 0.09 | 0.36 | 1.11 | 1.4 | 1.38 | 0.68 | 0.19 |
| Depreciation | 1.18 | 1.12 | 1.06 | 1.94 | 2.16 | 1.95 | 1.88 | 1.6 | 1.07 | 0.72 |
| Profit before tax | 0.91 | 0.68 | 0.43 | 3.91 | 0.43 | -20.47 | -12.81 | -21.22 | -5.08 | 0.99 |
| Tax % | 47.25 | -51.47 | 67.44 | 69.31 | 2.33 | -25.26 | -14.68 | 27.52 | 0 | — |
| Net Profit | 0.49 | 1.03 | 0.14 | 1.2 | 0.43 | -15.29 | -10.93 | -27.06 | -5.08 | -2.81 |
| EPS in Rs | 0.73 | 1.54 | 0.21 | 1.8 | 0.64 | -22.92 | -16.39 | -40.57 | -7.62 | -4.21 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 | 6.67 |
| Reserves | 39.63 | 40.18 | 41.14 | 41.2 | 42.41 | 42.88 | 27.55 | 16.36 | -10.47 | 21.55 |
| Borrowings | 0 | 0 | 6.72 | 5.9 | 0 | 4.78 | 11.54 | 11.36 | 20.66 | 0.77 |
| Other Liabilities | 15.22 | 15.87 | 11.84 | 10.59 | 17.52 | 17.63 | 10.49 | 13.27 | 7.48 | 6.47 |
| Total Liabilities | 61.52 | 62.72 | 66.37 | 64.36 | 66.6 | 71.96 | 56.25 | 47.66 | 24.34 | 35.46 |
| Fixed Assets | 11.07 | 10.55 | 10.14 | 18.5 | 16.67 | 14.88 | 13.55 | 12 | 10.49 | 0 |
| CWIP | 0 | 0.06 | 8.79 | 0 | 0 | 0.71 | 0.62 | 0.49 | 0.49 | 0 |
| Investments | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0 | 0 |
| Other Assets | 49.85 | 51.51 | 46.84 | 45.26 | 49.33 | 55.77 | 41.48 | 34.57 | 13.36 | 35.46 |
| Total Assets | 61.52 | 62.72 | 66.37 | 64.36 | 66.6 | 71.96 | 56.25 | 47.66 | 24.34 | 35.46 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5.95 | -0.86 | -3.52 | 1.67 | 12.19 | -5.38 | -11.4 | 1.61 | -6.92 | -19.51 |
| Cash from Investing Activity | -2.73 | -0.2 | -9.21 | -0.26 | 0.19 | -0.52 | -0.16 | 0.03 | 0.16 | 40.97 |
| Cash from Financing Activity | -0.02 | -0.01 | 6.04 | -1.61 | -5.99 | 4.56 | 5.99 | -1.57 | 7.91 | -20.56 |
| Net Cash Flow | 3.2 | -1.07 | -6.68 | -0.2 | 6.4 | -1.33 | -5.56 | 0.07 | 1.16 | 0.9 |
| Free Cash Flow | 2.33 | -1.58 | -12.96 | 1.05 | 12.08 | -6.47 | -11.93 | 1.42 | -6.97 | 21.16 |
| CFO/OP | 121 | 13 | 171 | 96 | 258 | -438 | 63 | -15 | 36 | 230 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 17.22 | 28.23 | 52.8 | 63.84 | 35.05 | 37.09 | 46.93 | 71.61 | 168.5 | — |
| Inventory Days | 137.01 | 231.44 | 240.54 | 245.31 | 312.81 | 495.89 | 372.16 | 1094.14 | 692.12 | — |
| Days Payable | 61.77 | 64.78 | 131.04 | 120.35 | 179.39 | 251.69 | 124.75 | 501.66 | 616.37 | — |
| Cash Conversion Cycle | 92.46 | 194.89 | 162.3 | 188.79 | 168.47 | 281.3 | 294.34 | 664.09 | 244.25 | — |
| Working Capital Days | 5.9 | 16.11 | 21.1 | 35.3 | 20.34 | 24.79 | 24.77 | 17.97 | 59.69 | — |
| ROCE % | 17.1 | 2 | 2.72 | 2.47 | 7.78 | 1.53 | -38.69 | -28.5 | -77.5 | -37.69 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.37% | 64.38% | 64.38% | 64.38% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% |
| DIIs | 0.01% | 0.01% | 1.39% | 1.39% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 35.61% | 35.6% | 34.23% | 34.23% | 33.68% | 33.68% | 33.68% | 33.67% | 33.67% | 33.67% | 33.67% | 33.66% |
| No. of Shareholders | 3708 | 3638 | 3590 | 3572 | 3576 | 3576 | 3581 | 3582 | 8418 | 8141 | 7955 | 7954 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% | 66.31% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 33.67% | 33.67% | 33.67% | 33.67% | 33.67% | 33.68% | 33.67% | 33.67% | 33.66% | 33.67% | 33.67% | 33.66% |
| No. of Shareholders | 5511 | 7696 | 8418 | 8497 | 8059 | 8172 | 8141 | 8017 | 8038 | 7958 | 7955 | 7954 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 50.65 | Buy |
| EMA (10) | 50.69 | Buy |
| SMA (20) | 51.5 | Sell |
| EMA (20) | 51.29 | Sell |
| SMA (50) | 53.09 | Sell |
| EMA (50) | 52.68 | Sell |
| SMA (100) | 54.89 | Sell |
| EMA (100) | 55.64 | Sell |
| SMA (200) | 62.34 | Sell |
| EMA (200) | 62.25 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.62 | Neutral |
| MACD (12,26,9) | -0.76 | Sell |
| Stochastic (14,3,3) | 39.27 | Neutral |
| ADX (14) | 30.13 | Buy |
| Williams %R (14) | -46.11 | Neutral |
| ATR (14) | 3.26 | High Volatility |
| ROC (12) | -4.14 | Sell |
| Stoch RSI (14) | 63.9 | Neutral |
| UO (7,14,28) | 48.41 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Promoter group disclosed no encumbrance on company shares for FY ended March 31, 2026. | [Disclosure Under Regulation 31(4) Of SAST Regulations, 2011. 7 Apr - Promoter group disclosed no encumbrance on company shares for FY ended March 31, 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15de0006-5f22-4a56-ab1d-ebec08dfb98f.pdf) |
| 7 Apr - Promoter group disclosed no encumbrance on company shares for FY ended March 31, 2026. | [Disclosure Under Regulation 31(4) Of SAST Regulations, 2011. 7 Apr - Promoter group disclosed no encumbrance on company shares for FY ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15de0006-5f22-4a56-ab1d-ebec08dfb98f.pdf) |
| 6 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for To Approve Quarterly Results For The Quarter Ended 31.12.2025 6 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c23f91d1-7e09-4996-8596-d7d1c1ac82be.pdf) |
| 6 Aug - Board meeting on August 13, 2026 to consider Q1 FY2027 unaudited financial results. | [Board Meeting Intimation for The Quarter Ended 30Th June 2026 6 Aug - Board meeting on August 13, 2026 to consider Q1 FY2027 unaudited financial results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29b5e873-06ae-4e41-86f6-0f2adde9495d.pdf) |
| 5 Sep - Newspaper Publication of the 44th AGM of the Company | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Newspaper Publication of the 44th AGM of the Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5bcf4d3-80a7-419c-b105-13ccceaeb2aa.pdf) |
| 5 Feb - Newspaper publication of the unaudited financial results of the company for the quarter ended 31.12.2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Feb - Newspaper publication of the unaudited financial results of the company for the quarter ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cabbae53-0c0f-4ccc-923d-cf6c48f7f31b.pdf) |
| 4 Feb - Re-submitted unaudited Q3 results for 31-Dec-2025: revenue Rs3,025.56 lakh; profit Rs721.86 lakh. | [Revise Outcome Of Board Meeting 4 Feb - Re-submitted unaudited Q3 results for 31-Dec-2025: revenue Rs3,025.56 lakh; profit Rs721.86 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63a59063-6b1a-47de-92f6-4f9e2baf3b9b.pdf) |
| 4 Feb - Q3 FY26 unaudited results: revenue Rs3,025.56L; PAT Rs721.86L; EPS Rs7.20; approved Feb 4, 2026 | [Board Meeting Outcome for Declaration Of Unaudited Financial Results Of The Company 4 Feb - Q3 FY26 unaudited results: revenue Rs3,025.56L; PAT Rs721.86L; EPS Rs7.20; approved Feb 4, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59607eab-09a1-44e5-9a1e-431fe0356816.pdf) |
| 30 May - Newspaper Publication of Financial Results for the quarter and year ended 31st March 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - Newspaper Publication of Financial Results for the quarter and year ended 31st March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71b98a07-a8af-4c0b-a094-a023104d667d.pdf) |
| 30 May - Annual Secretarial Compliance Report for FY2026; reports BSE fines of Rs.2.95 lakh and Rs.1.06 lakh. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May - Annual Secretarial Compliance Report for FY2026; reports BSE fines of Rs.2.95 lakh and Rs.1.06 lakh.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e54c844-8c17-40fa-b8a0-7544cdb0d0e6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a4baa46-8318-4c72-a90b-c956616c588f.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9eb0a1c4-9ec9-4000-b250-12b48eca8f30.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4579874-4c30-4208-b8f0-14bb9b53d02e.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd013721-cec2-413d-a7b1-d057ad56d602.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73216045-97bb-4a34-b8aa-b35a34852094.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/542046/77159542046.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/502133/75164502133.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542046/72028542046.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502133/71110502133.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/542046/65618542046.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:34:55.588Z.