Sell Heidelberg Cement India, target price Rs 225: Centrum Broking

Centrum Broking has sell call on Heidelberg Cement India with a target price of Rs 225. The current market price of Heidelberg Cement India is Rs 233.8.

Time period given by analyst is one year when Heidelberg Cement India Ltd. price can reach defined target.

Heidelberg Cement India Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5285.75 Crore) operating in Cement sector.


Heidelberg Cement India Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Scrap, Sale of services and Clinker for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 590.33 Crore, up 4.22 % from last quarter Total Income of Rs 566.45 Crore and up 12.68 % from last year same quarter Total Income of Rs 523.88 Crore. Company reported net profit after tax of Rs 59.56 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 69.39 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.81 per cent, DIIs 10.94 per cent.