---
title: "HeidelbergCement India Ltd (HEIDELBERG) — Share Price, Financials & Analysis"
symbol: "HEIDELBERG"
company: "HeidelbergCement India Ltd"
canonical: "https://tapetide.com/stocks/HEIDELBERG"
isin: "INE578A01017"
nse_symbol: "HEIDELBERG"
bse_code: "500292"
sector: "Construction"
industry: "Cement"
market_cap_cr: 3388.09
generated_at: "2026-09-13T18:49:17.444Z"
---

# HeidelbergCement India Ltd (HEIDELBERG)

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

## Company

- **NSE Symbol:** HEIDELBERG
- **BSE Code:** 500292
- **ISIN:** INE578A01017
- **Sector:** Construction
- **Industry:** Cement
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1995-03-15
- **CEO:** Mr. Joydeep Mukherjee
- **Employees:** 970
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mycemco.com

## About

Heidelberg Cement India is the Indian subsidiary of HeidelbergCement Group, Germany. The Company has its operations in Central India at Damoh (Madhya Pradesh), Jhansi (Uttar Pradesh), and in Southern India at Ammasandra (Karnataka). [1]
The company sells under the MyCem and MyCem Power brand. [2]

## Latest Price

- **Price:** ₹149.8
- **Change:** -1.99 (-1.31%)
- **Open:** ₹150.95
- **Day High:** ₹150.95
- **Day Low:** ₹147.8
- **Previous Close:** ₹151.79
- **Volume:** 314126
- **As Of:** 2026-09-11T10:28:10+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:17.034871Z.

- **Market Cap:** ₹3388.09 Cr
- **Classification:** Microcap
- **P/E (reported):** 31
- **P/E (TTM):** 29.14
- **EPS (TTM):** ₹5.14
- **EPS (reported):** ₹6.85
- **Book Value:** ₹60.54
- **Price to Book:** 2.62
- **Dividend Yield:** 4.61%
- **ROE:** 9.77%
- **ROCE:** 12.72%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹2361.3 Cr
- **Net Income:** ₹134 Cr
- **EBITDA:** ₹318.6 Cr
- **52-Week High:** ₹220.9
- **52-Week Low:** ₹136.1
- **RSI (14):** 49.94

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 59.79 | 9% |
| growth | 42.47 | 9% |
| momentum | 41.12 | 12% |
| ownership | 27.46 | 24% |
| quality | 73.47 | 22% |
| valuation | 46.29 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 125%

### Weaknesses

- The company has delivered a poor sales growth of 1.94% over past five years.
- Company has a low return on equity of 9.67% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -25.15% | -43.33% | -34.38% |
| ebitda margin growth | -20.28% | 3.93% | -12.06% | -34.55% |
| net income growth | -32.52% | 25.59% | 12% | -15% |
| revenue growth | -2.92% | 7.61% | 1% | 2% |
| roce | — | 17.24% | -14.57% | 13.44% |
| roe | — | 27.71% | 9.61% | -39.39% |

## 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 | 566 | 607 | 597 | 532 | 461 | 543 | 612 | 598 | 512 | 574 | 646 | 628 |
| Expenses | 497 | 542 | 508 | 454 | 424 | 510 | 522 | 509 | 454 | 521 | 558 | 561 |
| Operating Profit | 69 | 65 | 89 | 78 | 37 | 33 | 91 | 89 | 58 | 53 | 88 | 67 |
| OPM % | 12 | 11 | 15 | 15 | 8 | 6 | 15 | 15 | 11 | 9 | 14 | 11 |
| Other Income | 14 | 13 | 14 | 12 | 13 | 9 | 11 | 9 | 9 | 1 | 4 | 6 |
| Interest | 9 | 8 | 9 | 9 | 9 | 7 | 5 | 6 | 6 | 4 | 1 | 3 |
| Depreciation | 27 | 27 | 28 | 28 | 26 | 28 | 27 | 27 | 27 | 28 | 27 | 29 |
| Profit before tax | 48 | 43 | 66 | 53 | 15 | 8 | 70 | 65 | 33 | 22 | 63 | 41 |
| Tax % | 26 | 26 | 27 | 25 | 26 | 31 | 27 | 25 | 26 | 31 | 28 | 25 |
| Net Profit | 36 | 31 | 48 | 40 | 11 | 5 | 50 | 48 | 25 | 16 | 45 | 31 |
| EPS in Rs | 1.58 | 1.39 | 2.13 | 1.76 | 0.49 | 0.23 | 2.23 | 2.13 | 1.1 | 0.69 | 2 | 1.35 |

### 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 | 1889 | 2133 | 2170 | 2117 | 2297 | 2238 | 2366 | 2149 | 2330 | 2360 |
| Expenses | 1526 | 1650 | 1642 | 1610 | 1862 | 1989 | 2049 | 1909 | 2043 | 2095 |
| Operating Profit | 363 | 483 | 528 | 507 | 435 | 249 | 317 | 240 | 287 | 265 |
| OPM % | 19 | 23 | 24 | 24 | 19 | 11 | 13 | 11 | 12 | 11 |
| Other Income | 20 | 35 | 53 | 46 | 49 | 45 | 55 | 45 | 24 | 20 |
| Interest | 74 | 75 | 74 | 51 | 36 | 46 | 35 | 29 | 18 | 15 |
| Depreciation | 101 | 102 | 109 | 111 | 112 | 112 | 110 | 110 | 109 | 111 |
| Profit before tax | 208 | 342 | 398 | 391 | 335 | 136 | 227 | 146 | 184 | 160 |
| Tax % | 36 | 35 | 33 | 20 | 25 | 27 | 26 | 27 | 27 | — |
| Net Profit | 133 | 221 | 268 | 315 | 252 | 99 | 168 | 107 | 134 | 116 |
| EPS in Rs | 5.88 | 9.74 | 11.83 | 13.9 | 11.13 | 4.38 | 7.4 | 4.71 | 5.91 | 5.14 |
| Dividend Payout % | 43 | 41 | 63 | 58 | 81 | 160 | 108 | 149 | 118 | — |

### 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 | 227 | 227 | 227 | 227 | 227 | 227 | 227 | 227 | 227 | 227 |
| Reserves | 740 | 820 | 945 | 1088 | 1267 | 1339 | 1235 | 1243 | 1169 | 1145 |
| Borrowings | 705 | 619 | 517 | 413 | 306 | 199 | 182 | 137 | 75 | 14 |
| Other Liabilities | 735 | 867 | 1008 | 1065 | 1045 | 1060 | 1022 | 1054 | 1071 | 1052 |
| Total Liabilities | 2408 | 2533 | 2696 | 2793 | 2845 | 2824 | 2665 | 2661 | 2542 | 2438 |
| Fixed Assets | 1877 | 1806 | 1737 | 1693 | 1618 | 1562 | 1490 | 1410 | 1346 | 1392 |
| CWIP | 6 | 8 | 17 | 16 | 19 | 27 | 6 | 28 | 110 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 14 | 20 | 20 |
| Other Assets | 524 | 719 | 941 | 1084 | 1208 | 1230 | 1164 | 1209 | 1065 | 1016 |
| Total Assets | 2408 | 2533 | 2696 | 2793 | 2845 | 2824 | 2665 | 2661 | 2542 | 2438 |

### 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 | 361 | 377 | 393 | 459 | 439 | 302 | 226 | 350 | 265 | 198 |
| Cash from Investing Activity | -40 | -14 | -26 | -14 | -173 | -35 | 144 | -48 | -73 | -341 |
| Cash from Financing Activity | -315 | -165 | -242 | -314 | -304 | -328 | -267 | -242 | -271 | -244 |
| Net Cash Flow | 6 | 198 | 125 | 131 | -38 | -61 | 104 | 60 | -79 | -386 |
| Free Cash Flow | 317 | 359 | 351 | 415 | 394 | 255 | 199 | 277 | 165 | 146 |
| CFO/OP | 138 | 116 | 96 | 101 | 100 | 82 | 109 | 130 | 131 | 90 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 3 | 4 | 4 | 4 | 6 | 6 | 5 | 8 | 10 | 9 |
| Inventory Days | 141 | 125 | 158 | 137 | 157 | 147 | 160 | 139 | 141 | 125 |
| Days Payable | 194 | 223 | 262 | 243 | 265 | 225 | 239 | 235 | 245 | 244 |
| Cash Conversion Cycle | -50 | -95 | -100 | -101 | -102 | -71 | -75 | -88 | -94 | -109 |
| Working Capital Days | -36 | -79 | -62 | -63 | -61 | -5 | -37 | -49 | -67 | -50 |
| ROCE % | 11 | 17 | 25 | 28 | 25 | 21 | 11 | 16 | 11 | 15 |

## Shareholding Pattern

### 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 | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% | 69.39% |
| FIIs | 3.91% | 4.33% | 4.48% | 4.42% | 3.13% | 2.31% | 2.27% | 1.35% | 1.43% | 1.18% | 1.15% | 1.07% |
| DIIs | 8.97% | 10.94% | 11.04% | 10.81% | 11.9% | 12.67% | 13.28% | 13.99% | 14.08% | 14.24% | 14.21% | 13.87% |
| Government | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.34% | 0% | 0% | 0% |
| Public | 13.53% | 11.73% | 11.57% | 11.67% | 12.02% | 11.72% | 11.28% | 11.45% | 11.32% | 11.37% | 11.38% | 11.69% |
| Others | 4.05% | 3.46% | 3.37% | 3.57% | 3.42% | 3.77% | 3.64% | 3.68% | 3.45% | 3.82% | 3.87% | 3.98% |
| No. of Shareholders | 102650 | 91101 | 89345 | 89805 | 92039 | 87647 | 85190 | 83556 | 80781 | 79806 | 78433 | 78468 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 158.05 | Sell |
| EMA (10) | 157.67 | Sell |
| SMA (20) | 159.21 | Sell |
| EMA (20) | 158.21 | Sell |
| SMA (50) | 158.07 | Sell |
| EMA (50) | 157.72 | Sell |
| SMA (100) | 156.76 | Sell |
| EMA (100) | 158.37 | Sell |
| SMA (200) | 161.13 | Sell |
| EMA (200) | 164.43 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 30.26 | Neutral |
| MACD (12,26,9) | -0.27 | Sell |
| Stochastic (14,3,3) | 31.42 | Neutral |
| ADX (14) | 11.96 | Neutral |
| Williams %R (14) | -86.62 | Buy |
| ATR (14) | 3.15 | Neutral |
| ROC (12) | -7.45 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 33 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 1 | 10% |
| Hold | 5 | 50% |
| Sell | 4 | 40% |

Based on 10 analyst ratings, observed at 2026-09-11T04:37:17.064273+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a209ba42-21a1-4063-be26-00dda5c26b17.pdf) |
| 2026-09-02 | [Notice Of AGM Dated 24.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=196ff0c9-cc81-4f30-bf72-232c6c55ff07.pdf) |
| 2026-09-02 | [Record Date For Final Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abed5b68-7d34-4f7f-8993-6dd1b4066e53.pdf) |
| 2026-09-02 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0c27ec0-0a16-4f69-9117-1b9992c3e237.pdf) |
| 2026-09-02 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d330c38-ada3-4f7b-84f4-601bf9f1c1c3.pdf) |
| 2026-08-31 | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5c859ea-d390-4dd7-8944-7970f0923001.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8332c82d-b3f7-4904-92bf-ac24fad374f1.pdf) |
| 2026-07-31 | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f5f5b3b-d7f0-4960-ba0b-62d34fd1634c.pdf) |
| 2026-07-30 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7715cd6-74b1-4fd9-a9af-619b46c01764.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 29 July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b48c55e9-c358-4da3-b9aa-0a0cf2de48c6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Outcome Of Board Meeting Held On 29 July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=573c76f3-3ca6-4c29-b2d8-9c8c3bd1df7b.pdf) |
| 2026-05-25 | [Outcome Of Board Meeting Dated 25-05-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e79f279-fc7b-42dc-9e89-f0534edf1829.pdf) |
| 2026-02-06 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5aaa7cd3-d3fa-4326-a7b9-784f0db7e097.pdf) |
| 2025-10-29 | [Outcome Of Board Meeting Dated 29-10-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2251ea25-5c07-4e2f-9f9d-9dc90df1a5a3.pdf) |
| 2025-07-29 | [Outcome Of Board Meeting Dated 29-07-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2132cdd-baac-4e3f-bcc2-82796c14facc.pdf) |
| 2025-05-28 | [Audited Financial Results For The Quarter And Financial Year Ended 31 March 2025 And Outcome Of The Board Meeting Held On 28 May 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45766813-f49a-463f-a57f-cc710084c8a5.pdf) |
| 2025-01-30 | [Unaudited Financial Results For The 3Rd Quarter And Nine Months Ended 31 December 2024 And Outcome Of The Board Meeting Held On 30 January 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53184cf3-f6f9-4d3e-be17-bf629bab9753.pdf) |
| 2024-10-28 | [Unaudited Financial Results For The 2Nd Quarter And Half Year Ended 30 September 2024 And Outcome Of The Board Meeting Held On 28 October 2024 .](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ba055d4-94fb-4668-a2c3-164caf337506.pdf) |
| 2024-07-31 | [Unaudited Financial Results For The 1St Quarter Ended 30 June 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f26c58c-f05e-4080-9d83-5fe6835677aa.pdf) |
| 2024-05-29 | [Audited Financial Results For The Quarter And Financial Year Ended 31 March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ea8eece-0ac1-4e15-a7ea-82c7a3f54136.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ae98b11-01ee-40d9-95d2-045cdd776443.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3e3b598-2f41-4883-be3b-4797286e5392.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50a45eab-501c-48de-bedc-063821c2d8bb.pdf) |
| 2024-06-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=580051c5-34df-430a-8f00-e6db20d39ebc.pdf) |
| 2023-07-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98a54291-c8a1-4a9a-812f-cdc78bad95e1.pdf) |
| 2023-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b40e7def-c4a5-44e7-84c2-8436aea3f1fc.pdf) |
| 2022-10-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04b9376b-78d6-4d91-9ba9-c5b519a64c0b.pdf) |
| 2022-07-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70ed2163-c545-4086-910d-75b8f456b421.pdf) |
| 2022-05-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d7d74a3-41e5-491c-b394-efa839194388.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04b9376b-78d6-4d91-9ba9-c5b519a64c0b.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c116e61c-1c5e-4c3a-a733-89c67e349bf4.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae390d63-5cc9-4593-940c-39af3511f040.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae390d63-5cc9-4593-940c-39af3511f040.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3086131-8954-40a6-ad61-84ef6c1e9665.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/f3086131-8954-40a6-ad61-84ef6c1e9665.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d950f92-01b7-4b35-a676-8a343d9bac98.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/8d950f92-01b7-4b35-a676-8a343d9bac98.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c24822a2-63b2-46da-a8d6-27575282ee13.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c24822a2-63b2-46da-a8d6-27575282ee13.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14e7650e-6df5-41d4-acd0-979b03b2466a.pdf) |
| 2025-05-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16ee2433-cf60-445d-b0f0-753c7a8564f5.pdf) |
| 2024-05-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e9ae5bd-636c-4a48-a834-2627dfa78b69.pdf) |
| 2023-07-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41007931-5fba-48cb-ac30-69770c89f031.pdf) |
| 2023-02-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91112da9-14e8-4aa3-9d32-44209bd62f0b.pdf) |
| 2022-05-24 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32fad581-c11a-4e88-b0e6-28fec2012a2b.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c24822a2-63b2-46da-a8d6-27575282ee13.pdf) |
| 2025-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37d3a54a-b1f2-4a30-bbd5-bb2daa31cf56.pdf) |
| 2024-05-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50cd7378-e754-4efe-ad09-dee2ca4e993f.pdf) |
| 2023-07-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95e3ba61-bee5-4b2f-b056-e0d571aca2cf.pdf) |
| 2023-02-15 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59687e52-d142-49ed-b390-bd19e28ec01a.pdf) |
| 2022-10-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82b3d404-5edb-4dbf-aa5d-37dc8a86c19b.pdf) |
| 2022-07-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb7d57d2-35ac-46fd-a9eb-82977225748b.pdf) |
| 2022-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02243081-fc9f-4401-9120-1e1b472d58b8.pdf) |
| 2022-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cfec2b4-2a05-4f3d-9b1c-fe7f0e71feeb.pdf) |
| 2021-10-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c116e61c-1c5e-4c3a-a733-89c67e349bf4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Q3 (Dec 31, 2025): Revenue INR5,742m; PAT INR156m; exceptional INR45.6m; repaid INR687m loan; cash INR4,032m. | [Board Meeting Outcome for Outcome Of Board Meeting Dated 06-02-2026 6 Feb - Q3 (Dec 31, 2025): Revenue INR5,742m; PAT INR156m; exceptional INR45.6m; repaid INR687m loan; cash INR4,032m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c0157e8-d906-422c-bfb4-f132f9af96dd.pdf) |
| 31 Mar - No re-lodgement requests for physical share transfers received in February 2026, per RTA, under SEBI circular. | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form 31 Mar - No re-lodgement requests for physical share transfers received in February 2026, per RTA, under SEBI circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc6ac48a-6039-4e20-8432-1c8877d7945f.pdf) |
| 29 Mar - GST order dated 28-Mar-2026: IGST Rs14,068,285 and penalty Rs14,068,285; company to contest. | [GST Authority Order 29 Mar - GST order dated 28-Mar-2026: IGST Rs14,068,285 and penalty Rs14,068,285; company to contest.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1c4404e-9be7-427f-bfdc-60543edc4a26.pdf) |
| 28 Apr - March 2026 re-lodgement request reporting shows NIL requests received, processed, approved, or rejected. | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form 28 Apr - March 2026 re-lodgement request reporting shows NIL requests received, processed, approved, or rejected.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8f0ddbb-13f6-446f-8397-3aed2ce50955.pdf) |
| 28 Apr - March 2026 re-lodgement request reporting shows NIL requests received, processed, approved, or rejected. | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form 28 Apr - March 2026 re-lodgement request reporting shows NIL requests received, processed, approved, or rejected.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8f0ddbb-13f6-446f-8397-3aed2ce50955.pdf) |
| 27 Feb - No re-lodgement requests received in January 2026 under SEBI special window for physical transfer requests. | [Monthly Reporting Regarding Request For Re-Lodgement Of Transfer Request Of Physical Form 27 Feb - No re-lodgement requests received in January 2026 under SEBI special window for physical transfer requests.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdf9a49a-6b9c-42b4-a6d5-65a08c649ccf.pdf) |
| 14 Feb - 13-Feb-2026 GST appeal order: demand Rs3,21,94,393 and penalty Rs32,36,142; company to contest. | [GST Authority Order 14 Feb - 13-Feb-2026 GST appeal order: demand Rs3,21,94,393 and penalty Rs32,36,142; company to contest.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50f987ff-8a09-4926-8635-7492e8b55d10.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b901f0d5-83fe-4526-bf93-2019a2e96799.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b901f0d5-83fe-4526-bf93-2019a2e96799.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75f6569b-d29b-4148-9698-05e092b50ee6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_11_HEIDELBERG_2012_2012_02052013092158.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e682021-59d4-49c6-a2f0-0e7708f3338a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e019f3a8-e154-40ec-a6c3-3ad4df6a2a30.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f75fab3c-43e5-4106-b753-85d32b541fb6.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/74143500292.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/70803500292.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/64982500292.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/5002920319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/5002920318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500292/5002920317.pdf) |

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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 2026-09-13T18:49:17.444Z.