Andhra Cements Limited (ACL)

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Andhra Cements Limited (ACL) · mywealthgrid

About

Andhra Cements Limited is a small-cap cement producer with market cap ₹423.57 Cr, operating in the cement & cement products industry. The company has faced significant operational distress, with nearly continuous quarterly losses over two years, reflected in negative ROE of -59.62% and severe leverage (D/E 13.81). Revenue recently recovered from ₹54.86 Cr (Sep 2024) low to ₹142.17 Cr (Jun 2026), though profitability remains inconsistent.

Face value: ₹10

Market cap

₹363 Cr

P/E

—

P/B

4.5×

Dividend yield

ROE

-59.6%

ROCE

-5.9%

Debt / equity

13.81

OPM

3.6%

EPS (TTM)

₹-8.0

Book value

₹8.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability instability: Net profit ranged ₹-49.91 Cr to ₹+48.52 Cr over recent quarters; Mar 2026 showed profit, Jun 2026 returned to ₹-35.93 Cr loss, indicating underlying operational issues not yet resolved.

Extreme leverage threatens solvency: Debt-to-equity 13.81 creates material risk, especially with volatile profitability; verify debt service coverage ratios and refinancing runway.

Thin operating margins vulnerable: OPM 2.63% (Jun 2026) leaves almost no buffer for input-cost shocks or demand weakness typical in cyclical cement sector.

Institutional skepticism signals distress: Zero FII, minimal DII (0.34%); stock down 56% from 52-week high (₹104.76 to ₹45.94), indicating market loss of confidence in recovery.

Generated analysis · source review pending

Growth drivers

Revenue recovery from distressed lows: ₹54.86 Cr (Sep 2024) to ₹154.85 Cr (Mar 2026) represents 2.8× growth; recent Jun 2026 decline to ₹142.17 Cr requires verification of underlying demand sustainability.

Operating margin recovery demonstrated: -18.7% OPM (Sep 2024) to 5.7% (Mar 2026) shows operational capability; if margins sustain at higher levels, profit growth possible independent of volume growth.

Operational efficiency levers: Historical peak OPM 6.67% (Jun 2025) vs current 2.63% (Jun 2026) indicates significant cost volatility; stabilizing cost drivers could enable margin expansion and boost profitability.

Generated analysis · source review pending

836 historical price candles were omitted because the exchange source has not been verified.

₹39.3-0.6%1Y

Quick read

rule-based

Pros

+High promoter holding of 75% with no pledge

Cons

−Low return on equity of -49.6% (3-yr avg)
−Thin operating margin of 3.6%
−Heavily leveraged (debt/equity 13.8)
−Weak interest coverage of -0.6×
−Promoter holding fell 15 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

45/100

Business quality: 0
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	418	404	484	321	143	—	—	—	268	274	442
COGS	-66	-64	-49	-40	-14	—	—	—	23	23	75
Gross profit	—	—	—	—	—	—	—	—	245	251	368
	436	440	489	348	165	—	—	—	248	281	352
	49	28	44	13	-8	—	—	—	-3	-29	16
OPM %	11.7%	6.9%	9%	4.1%	-5.4%	—	—	—	-1.2%	-10.7%	3.6%
Depreciation	39	—	—	47	48	48	47	47	56	72	84
Interest	98	105	127	108	122	130	158	235	71	75	98
	8	2	5	2	1	1	1	0	23	1	10
Profit before tax	-80	-104	-72	-181	-177	-205	-236	884	-107	-175	-156
Tax	—	—	-1	-0	—	—	—	—	-41	-22	-89
Tax %	—	—	-1.2%	-0.2%	—	—	—	—	-38.6%	-12.8%	-57.1%
	-80	-103	-71	-180	-168	-205	-236	950	-66	-152	-67
PAT margin %	-19.1%	-25.6%	-14.7%	-56.1%	-117.8%	—	—	—	-24.5%	-55.5%	-15.2%
EPS (₹)	-2.7	—	-2.4	-6.1	-5.7	-7	-8.1	47.8	-7.1	-16.5	-7.3
EPS adjusted (₹)	-2.7	-3.5	-2.4	-6.1	-5.7	-7	-8.1	103	-7.1	-16.5	-7.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	294	294	294	294	294	294	294	92	92	92	92
Reserves	-189	-358	-428	-608	-774	-974	-1,210	263	205	52	-11
Minority interest	0	—	0	0	—	0	0	0	—	—	—
	803	919	903	787	758	963	970	525	675	757	1,115
	431	394	453	582	725	656	809	29	108	243	225
Total equity & liabilities	1,339	1,248	1,222	1,054	1,002	939	863	909	1,080	1,144	1,420
	845	777	1,007	973	926	878	832	738	815	759	977
CWIP	265	302	30	1	1	1	0	26	0	106	6
Investments	0	0	0	0	0	0	0	0	0	0	0
	229	169	185	79	75	59	31	144	265	280	437
Total assets	1,339	1,248	1,222	1,054	1,002	939	863	909	1,080	1,144	1,420

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	91.3%	91.8%	83.1%
EBITDA margin %	4.1%	-5.4%	—	—	—	-1.2%	-10.7%	3.6%
EBIT margin %	-10.6%	-38.9%	—	—	—	-22.2%	-36.8%	-15.5%
PAT margin %	-56.1%	-117.8%	—	—	—	-24.5%	-55.5%	-15.2%
Working capital
Receivable days	22	51	—	—	—	52	40	38
Inventory days	18	37	—	—	—	930	1,019	398
Payable days	—	—	—	—	—	1,172	2,389	575
NWC days	—	—	—	—	—	-190	-1,330	-139
Leverage
Current ratio	0.08	0.06	0.04	0.01	2.39	1.01	0.44	0.67
Debt to EBITDA	59.2	—	—	—	—	—	—	69.4
Debt to equity	-2.5	-1.58	-1.42	-1.06	1.48	2.27	5.24	13.81
Interest coverage	-0.3	-0.5	-0.4	-0.3	-0.2	-0.7	-1.2	-0.6
Asset turnover	0.3	0.14	—	—	—	0.25	0.24	0.31
Return ratios
Return on assets %	-17.1%	-16.8%	-21.8%	-27.4%	104.5%	-6.1%	-13.3%	-4.7%
Return on capital employed %	-6%	-25.2%	172.8%	5.2%	-5.3%	-5.6%	-10.4%	-5.9%
Return on equity %	57.2%	35%	30.1%	25.8%	267.3%	-22.1%	-105.2%	-83.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	95%	95%	90%	90%	90%	90%	90%	90%	90%	90%	75%	75%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%	0.34%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.66%	4.66%	9.66%	9.66%	9.66%	9.66%	9.66%	9.66%	9.66%	9.66%	24.66%	24.66%
No. of shareholders	—	—	—	—	—	—	—	—	86,827	85,378	85,276	84,453

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Andhra Cements Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results27 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

29 Sept 2026, 11:47 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Sept 2026, 5:52 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (Lodr) Regulations, 2015

General PDF

30 Jul 2026, 11:19 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Jul 2026, 10:56 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Jul 2026, 1:52 pmBoard Meeting

Board Meeting Outcome for Un-Audited Financial Results For The Qtr Ended 30-06-2026

Outcome of Board Meeting PDF

16 Jul 2026, 3:32 pmBoard Meeting

Board Meeting Intimation for Board Meeting Will Be Held On 27-07-2026 To Consider The Un-Audited Financial Results For The Qtr Eneded 30-06-2026

Exchange filing PDF

9 Jul 2026, 4:34 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

3 Jul 2026, 5:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Date	Category	Subject	Filing
29 Sept 2026, 11:47 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Sept 2026, 5:52 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Lodr) Regulations, 2015

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	91.3%	91.8%	83.1%
EBITDA margin %	4.1%	-5.4%	—	—	—	-1.2%	-10.7%	3.6%
EBIT margin %	-10.6%	-38.9%	—	—	—	-22.2%	-36.8%	-15.5%
PAT margin %	-56.1%	-117.8%	—	—	—	-24.5%	-55.5%	-15.2%
Working capital
Receivable days	22	51	—	—	—	52	40	38
Inventory days	18	37	—	—	—	930	1,019	398
Payable days	—	—	—	—	—	1,172	2,389	575
NWC days	—	—	—	—	—	-190	-1,330	-139
Leverage
Current ratio	0.08	0.06	0.04	0.01	2.39	1.01	0.44	0.67
Debt to EBITDA	59.2	—	—	—	—	—	—	69.4
Debt to equity	-2.5	-1.58	-1.42	-1.06	1.48	2.27	5.24	13.81
Interest coverage	-0.3	-0.5	-0.4	-0.3	-0.2	-0.7	-1.2	-0.6
Asset turnover	0.3	0.14	—	—	—	0.25	0.24	0.31
Return ratios
Return on assets %	-17.1%	-16.8%	-21.8%	-27.4%	104.5%	-6.1%	-13.3%	-4.7%
Return on capital employed %	-6%	-25.2%	172.8%	5.2%	-5.3%	-5.6%	-10.4%	-5.9%
Return on equity %	57.2%	35%	30.1%	25.8%	267.3%	-22.1%	-105.2%	-83.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ambuja Cements LimitedAMBUJACEMAMBUJACEM	₹90,012 Cr	₹90,065 Cr	₹39,867 Cr	₹6,167 Cr	16.1%	₹4,377 Cr	13.9%	5.3%	8.4%	37
Shree Cement LimitedSHREECEMSHREECEM	₹79,059 Cr	₹80,653 Cr	₹21,896 Cr	₹4,577 Cr	22.1%	₹1,630 Cr	8.4%	10.6%	7.8%	227
Jk Cement LimitedJKCEMENTJKCEMENT	₹38,279 Cr	₹44,353 Cr	₹14,401 Cr	₹2,334 Cr	17.3%	₹946 Cr	7.2%	14.3%	15.1%	71
Dalmia Bharat LimitedDALBHARATDALBHARAT	₹31,556 Cr	₹38,308 Cr	₹15,058 Cr	₹3,005 Cr	20.8%	₹409 Cr	7.8%	7.4%	6.4%	5
Acc LimitedACCACC	₹22,213 Cr	₹22,213 Cr	₹25,369 Cr	₹2,629 Cr	11.4%	₹1,909 Cr	8.2%	10.8%	10.9%	32
The Ramco Cements LimitedRAMCOCEMRAMCOCEM	₹19,633 Cr	₹23,485 Cr	₹9,228 Cr	₹1,345 Cr	15.9%	₹645 Cr	7.7%	6.1%	9%	-0
Jsw Cement LimitedJSWCEMENTJSWCEMENT	₹15,216 Cr	₹19,297 Cr	₹6,849 Cr	₹1,216 Cr	19%	₹760 Cr	-12.3%	10.1%	-11.5%	-140
Nuvoco Vistas Corporation LimitedNUVOCONUVOCO	₹11,505 Cr	₹16,046 Cr	₹11,594 Cr	₹1,907 Cr	16.4%	₹386 Cr	3.2%	7.1%	3.7%	-130
The India Cements LimitedINDIACEMINDIACEM	₹9,147 Cr	₹10,452 Cr	₹4,479 Cr	₹469 Cr	8.8%	₹92 Cr	-1.5%	1.5%	-0.7%	-28
Star Cement LimitedSTARCEMENTSTARCEMENT	₹7,211 Cr	₹7,797 Cr	₹3,807 Cr	₹902 Cr	24.8%	₹370 Cr	10.3%	17%	13%	177
Birla Corporation LimitedBIRLACORPNBIRLACORPN	₹6,383 Cr	₹9,658 Cr	₹9,848 Cr	₹1,450 Cr	15.1%	₹554 Cr	5.8%	8.8%	7.8%	63
Jk Lakshmi Cement LimitedJKLAKSHMIJKLAKSHMI	₹5,915 Cr	₹8,406 Cr	₹6,926 Cr	₹958 Cr	15%	₹370 Cr	6.1%	12.1%	11.2%	57

3 deals · 28 Feb 2024 – 28 Feb 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Feb 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	6,55,530	₹105.44	₹6.91 Cr
28 Feb 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	5,61,530	₹104.63	₹5.88 Cr
28 Feb 2024	SETU SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	5,00,000	₹104.48	₹5.22 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55	93	22	117	119	151	49	-27	60	-25
	-3	42	1	0	3	1	-85	-96	-81	-248
	-55	-119	-45	-118	-122	-152	80	90	11	274
Net cash flow	-2	16	-22	-0	-0	0	44	-33	-11	0
Free cash flow	—	—	—	—	—	—	—	-141	-25	-251
CFO / Operating profit %	196.6%	213.4%	165.7%	—	—	—	—	—	—	-156.6%

Andhra Cements Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

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