MarketsMOJO upgrades HeidelbergCement India to 'Buy' rating based on strong management and fair valuation

HeidelbergCement India, a midcap company in the cement industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade is based on the company's high management efficiency, with a ROE of 16.64%, and a low Debt to Equity ratio of 0.01 times.
The stock is currently in a bullish trend, with technical indicators such as MACD, Bollinger Band, KST, and OBV all pointing towards a positive outlook. Additionally, the stock is trading at a fair value compared to its historical valuations, with a PEG ratio of 0.6.

One of the major shareholders of HeidelbergCement India is its promoters, which adds to the company's stability and potential for growth. However, there are some risks to consider, such as poor long-term growth as the operating profit has declined by an annual rate of 12.23% over the last 5 years.

In the most recent quarter, the company's results were flat, with a low debtors turnover ratio of 43.00 times and net sales of Rs 532.19 crore. Despite these challenges, HeidelbergCement India has still managed to generate a return of 25.94% in the past year, with profits increasing by 55.5%.

Overall, HeidelbergCement India is a promising midcap company in the cement industry, with a strong management team and a fair valuation. Investors looking for a stable and potentially profitable investment in the cement sector may want to consider adding this stock to their portfolio.