Buy Heidelberg Cement India, target Rs 151: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Heidelberg Cement India Ltd. with a target price of Rs 151. The current market price of Heidelberg Cement India Ltd. is 136.0 Time period given by analyst is Intra Day when Heidelberg Cement India Ltd. price can reach defined target. Dharmesh Shah maintains stop loss at Rs 129.0 .

Heidelberg Cement India Ltd., incorporated in the year 1958, is a midcap company with a market cap of ₹ 3109.13 crore operating in Cement sector.

Heidelberg Cement India Ltd. key Products/Revenue Segments include Cement which contributed ₹ 1876.95 Cr to Sales Value (97.61 % of Total Sales), Other Operating Revenue which contributed ₹ 23.67 Cr to Sales Value (1.23 % of Total Sales), Clinker which contributed ₹ 18.75 Cr to Sales Value (0.97 % of Total Sales) and Scrap which contributed ₹ 3.51 Cr to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 387.81 Cr., up .93 from last quarter Sales of ₹ 384.22 Cr. and down -3.70 from last year same quarter Sales of ₹ 402.72 Cr. Company has reported net profit after tax of ₹ -3.58 Cr. in latest quarter. The company’s CEO is Mr.Jamshed Naval Cooper. It's Board of Directors include Mr.Rajesh Relan, Dr.Albert Scheuer, Mr.Anil Kumar Sharma, Mr.Jamshed Naval Cooper, Mr.Juan-Francisco Defalque, Mr.Kevin Gerard Gluskie, Mr.P G Mankad, Mr.Pradeep V Bhide, Mr.Rajesh Relan, Mr.S Krishna Kumar, Mr.Sushil Kumar Tiwari, Ms.Soek Peng Sim. Company has its registered office at 9th Floor, Tower C, , Infinity Towers, , DLF Cyber City, , Gurgaon, 122002, Haryana. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 226,613,116 shares outstanding.