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Andhra Cements Ltd (ACL)

₹99.711.24%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹99.2
    ₹103.7
  • 52 Week's Low

    52 Week's High

    ₹76
    ₹139.2
1 Month Return+ 9.62 %
3 Month Return+ 16.45 %
1 Year Return-1.41 %
Previous Close₹100.96
Open₹103.70
Volume1.52L
Upper Circuit-
Lower Circuit-
Market Cap₹930.57Cr

Company Information

Andhra Cement Ltd, formerly known as Andhra Cement Company Ltd, was incorporated in 1936 and owned by the Sadu Jain group, producing and marketing cement under the name Durga Prasad. In 1940, the company’s first unit was established in Vijayawada. Over time, the capacity was extended in 3 stages and reached 2.4 lac tpa in 1987. The company obtained a letter of intent to produce 2.5 lac tpa of cement at Durga Cement Works in Nadikunde. An investment plan of Rs. 63 crs. including modernisation of the Vijayawada and Vizag units was financed in the form of term loans from financial institutions and banks. In 1994, BIFR approved the rehabilitation plan of Rs. 79.81 crore which involved the change in ownership of the company in favour of Duncan Goenka Group. In 2001, BIFR declared the scheme as failed and IDBI appointed as the Operating Agency. Cement production in the year 1997-98 was 6.58 lac MT as compared to 6.28 lac MT in the previous year and it was also certified with ISO 9002 in 2000. IDBI was asked to invite offers for takeover/leasing/amalgamation/merger of the company for its rehabilitation with or without one-time settlement of the dues of FIs and banks as per the SICA Special Provision 1985.

The summary highlights the history and operations of Andhra Cement Ltd. with special focus on the investment plan, BIFRs approved rehabilitation scheme and the subsequent failure of the same. It also mentions the increase in production year-on-year and the ISO certification received in 2000. It concludes by stating the current situation where IDBI has been asked to invite offers for takeover of the company.

Share Price: ₹99.71 per share as on 18 Jun, 2024 04:01 PM
Market Capitalisation: ₹930.57Cr as of today
Listing date: 17 May, 1995
Chairperson Name: K V Vishnu Raju
OrganisationAndhra Cements Ltd
HeadquartersHyderabad
IndustryCement
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Key events for Andhra Cements Ltd

  • Andhra Cements Q4 Results Show Decline in Revenue and Operating Income - 17 May, 2024

    Andhra Cements reported a 0% increase in topline with a loss of ₹18.78cr for Q4. The revenue declined by 6.21%, while selling, general & administrative expenses rose by 19.35% q-o-q & increased by 792.25% Y-o-Y. The operating income was down by 77.29% q-o-q & decreased by 102.06% Y-o-Y. EPS is ₹-2.04 for Q4 which decreased by 100.14% Y-o-Y. Andhra Cements has delivered -0.27% return in the last 1 week, -5.35% return in the last 6 months, and -15.51% YTD return.

  • Andhra Cements Faces Challenges with Debt and Equity Dilution - 29 Apr, 2024

    Institutional investors did not participate in the recent offer for sale by Andhra Cements' promoters. The company has significant gross debt, and operating profits are lackluster. More equity dilution is expected as promoters still own 90%.

Insights on Andhra Cements Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 4.66% to 9.66% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ACL stock has moved down by -4.8%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 95.00% to 90.00% in Mar 2024 quarter

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
90%
0.00
Foreign Institutions
0%
0.00
Mutual Funds
0%
0.00
Retail Investors
9.66%
0.00
Others
0.34%
0.00

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Andhra Cements Ltd (ACL) share price today is ₹99.71

Andhra Cements Ltd is listed on NSE

Andhra Cements Ltd is listed on BSE

  • Today’s highest price of Andhra Cements Ltd is ₹103.7.
  • Today’s lowest price of Andhra Cements Ltd is ₹99.2.

Today’s traded volume of Andhra Cements Ltd(ACL) is 1.52L.

Today’s market capitalisation of Andhra Cements Ltd(ACL) is ₹930.57Cr.

Andhra Cements Ltd(ACLPrice
52 Week High
₹139.2
52 Week Low
₹76

Andhra Cements Ltd(ACL) share price is ₹99.71. It is down -28.37% from its 52 Week High price of ₹139.2

Andhra Cements Ltd(ACL) share price is ₹99.71. It is up 31.20% from its 52 Week Low price of ₹76

Andhra Cements Ltd(ACLReturns
1 Day Returns
-1.25%
1 Month Returns
9.62%
3 Month Returns
16.45%
1 Year Returns
-1.41%