Anjani Portland Cement Limited (APCL)
₹81.84 -3.81% last close, 23 Oct
Snapshot
Anjani Portland Cement Limited closed at ₹81.84 on 23 Oct 2026, 27.4% below its 200-day average, with an RSI(14) of 20.0. On the daily chart it is in a strong downtrend, with a technical score of 9/100 (strong bearish). In the quarter ended June 2026, revenue fell 35.7% and net profit fell 184.1% from a year earlier. Data as of 23 Oct 2026.
Price
- Price
- ₹81.84
- Day change
- -3.81%
- Market Cap
- ₹240 Cr
- 52-week range
- ₹81.00 – ₹148.78
- From 52-week high
- -44.99%
Financials23 Oct 2026
- P/B
- 0.65
- ROE
- -8.9%
- ROCE
- 0.0%
- Debt to Equity
- 0.75
- OPM
- 5.5%
- YoY qtr sales growth
- -35.7%
- YoY qtr profit growth
- -184.1%
- Dividend Yield
- 0.00%
Latest quarter Jun 2026 · Consolidated
Technicals23 Oct 2026
- Trend
- Strong Downtrend
- Technical score
- 9/100 · Strong bearish
- MACD
- Bearish
- RSI (14)
- 20.04
- ADX (14)
- 28.57
- SuperTrend
- Bearish
- vs 20-day SMA
- -10.16%
- vs 50-day SMA
- -15.40%
- vs 200-day SMA
- -27.43%
- RS rating
- 13.00
- Nearest resistance
- ₹87.50
Exchange activity23 Oct 2026
- Delivery
- 67.96% vs 78.24% average
- Volume vs its average
- 0.5×
Events
- Latest results
- Q1 FY27, filed 13 Aug 2026
- Board meeting filing
- 27 May 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Anjani Portland's revenue was ₹89.8 Cr (-35.7% year on year, -27.6% on the previous quarter), and net profit ₹-9.8 Cr (a bigger loss than a year earlier); the operating margin was 1.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹89.8 | -35.7% | -27.6% |
| Operating profit | ₹1.4 | -89.1% | -90.0% |
| Net profit | ₹-9.8 | loss widened | to loss |
| EPS (₹) | -2.41 | loss widened | loss widened |
| Operating margin | 1.5% | — | — |
APCL delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 67.96% of the APCL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.24%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 95.9% · 54.5% · 93.2% · 96.2% · 68.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Anjani Portland Cement Limited (APCL) concluded its 42nd Annual General Meeting on September 10, 2026, passing all ordinary and special business resolutions. Key approvals included the adoption of FY26 financial statements, the reappointment of Director Palani Ramkumar, and material related-party transactions (RPTs) with parent entity Chettinad Cement Corporation Private Limited and subsidiary Bhavya Cements. For resolutions 4 and 6 concerning Chettinad Cement, interested parties abstained, leaving 73,052 valid votes cast, with 97.67% in favor.
- All resolutions passed, including FY26 financial statement adoption and material related-party transaction approvals.
- Material RPT approval with parent Chettinad Cement Corporation received 97.67% votes in favor (73,052 votes) with interested parties abstaining (2,20,31,081 votes abstained/invalid).
- Material RPT approval with subsidiary Bhavya Cements passed with 99.99% votes in favor (2,21,04,123 votes).
- Re-appointment of Director Palani Ramkumar approved with 99.99% affirmative votes.
Anjani Portland Cement Limited has announced its 42nd Annual General Meeting (AGM) scheduled for September 10, 2026, through video conferencing. The cut-off date for remote e-voting is set for September 3, 2026, with the voting period running from September 7 to September 9, 2026. The accompanying Annual Report highlights FY26 consolidated revenue of ₹455.21 cr (₹45,521 lakh) alongside a net loss of ₹26.31 cr (₹2,631 lakh), with consolidated capacity utilisation at 55%.
- 42nd AGM convened for Thursday, September 10, 2026, at 11:30 AM IST via VC/OAVM.
- Remote e-voting window spans September 7, 2026 (09:00 AM IST) to September 9, 2026 (05:00 PM IST) with cut-off date on September 3, 2026.
- FY26 consolidated cement production reached 12,96,006 MT with capacity utilisation at 55% (standalone at 40%).
- Consolidated FY26 gross turnover was ₹45,521 lakh with a net loss of ₹2,631 lakh.
Anjani Portland Cement Limited (APCL) reported a weak set of results for Q1 FY27, with consolidated revenue falling 35.7% YoY to ₹89.76 crore. The company swung back to a net loss of ₹9.80 crore, compared to a profit of ₹1.65 crore in the preceding quarter (Mar 2026) and a loss of ₹3.45 crore in the year-ago period. Operational performance was pressured by the cement segment, where revenue dropped significantly from ₹139.53 crore in June 2025. High finance costs of ₹4.92 crore continue to weigh on the bottom line amid regional overcapacity in South India.
- Consolidated Revenue for Q1 FY27 stood at ₹89.76 crore, a sharp decline from ₹139.53 crore in Q1 FY26.
- Net Loss for the quarter widened to ₹9.80 crore from a loss of ₹3.45 crore in the same quarter last year.
- Finance costs remained elevated at ₹4.92 crore, representing approximately 5.5% of quarterly revenue.
- Cement segment revenue contributed the entire ₹89.76 crore to operations, down from ₹124.04 crore in the sequential March 2026 quarter.
- The 42nd Annual General Meeting is scheduled for September 10, 2026, to ratify auditor appointments and material related-party transactions.
Anjani Portland Cement Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by KFin Technologies Limited (the Registrar and Transfer Agent), confirms that securities dematerialized or rematerialized during the quarter ended June 30, 2026, have been appropriately handled and reported to the stock exchanges. This is a standard procedural filing required for all listed entities to ensure the integrity of electronic shareholding records.
- Compliance certificate covers the quarter ended June 30, 2026
- Certificate issued by Registrar and Transfer Agent, KFin Technologies Limited, on July 1, 2026
- Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
- Filing submitted to BSE and NSE on July 3, 2026
Anjani Portland Cement Limited (APCL) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. The closure is ahead of the declaration of the company's unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The restriction applies to all directors, designated persons, and connected persons and will remain in effect until 48 hours after the results are made public. This is a standard regulatory procedure to prevent insider trading during the finalization of financial statements.
- Trading window closure commences on July 1, 2026.
- Closure pertains to the financial results for the quarter ending June 30, 2026.
- Applies to all Directors, Designated Persons, and Connected Persons of APCL.
- Window will reopen 48 hours after the official announcement of the financial results.
Anjani Portland Cement Limited (APCL) and its subsidiary Bhavya Cements are transitioning their existing brands to the 'Chettinad' brand to harmonize operations under their parent company. Chettinad Cement Corporation Private Limited, which holds a 75.00% stake in APCL, is leading this initiative to leverage its established national brand equity. As part of this integration, Mr. A Narayana Rao, Sr. Vice President – Marketing, has been transferred to the parent company. The move is expected to improve market visibility and optimize marketing efficiencies across the cement vertical.
- Transition of 'Anjani' and 'Bhavya' cement brands to the unified 'Chettinad' brand.
- Parent company Chettinad Cement Corporation Private Limited holds 75.00% equity in APCL.
- Internal transfer of Mr. A Narayana Rao, Sr. VP – Marketing, to the parent company.
- Strategic initiative aimed at improving brand recall and operational efficiencies.
- The legal identity of Anjani Portland Cement Limited remains unchanged as a listed entity.
Anjani Portland Cement Limited (APCL) and its subsidiary, Bhavya Cements, are transitioning their respective brands to the 'Chettinad' brand name. This initiative is led by the parent company, Chettinad Cement Corporation Private Limited, which holds a 75.00% equity stake in APCL. The move is designed to harmonize the group's cement vertical and leverage the established national brand equity of Chettinad. As part of this integration, the Senior VP of Marketing has been transferred to the parent company.
- Phased transition of 'Anjani' and 'Bhavya' brands to the unified 'Chettinad' brand name.
- Parent company Chettinad Cement Corporation Private Limited maintains a 75.00% controlling stake.
- Aims to improve market visibility, distribution alignment, and marketing efficiencies through brand recall.
- Mr. A Narayana Rao, Sr. VP – Marketing, transferred to the parent company to support integration.
- The legal identity and listed status of Anjani Portland Cement Limited remain unchanged.
Anjani Portland Cement Limited (APCL) has approved its audited financial results for the fiscal year ended March 31, 2026. The company's subsidiary, Bhavya Cements Private Limited, reported a total annual revenue of ₹257.85 crore and a net profit of ₹5.99 crore. Statutory auditors issued an unmodified opinion on the financial statements, indicating no major accounting discrepancies. Additionally, the board re-appointed M/s. M. Bhaskara Rao & Co. as internal auditors for the upcoming 2026-27 financial year.
- Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
- Subsidiary Bhavya Cements Private Limited recorded annual revenue of ₹25,785.00 Lakhs (₹257.85 Cr).
- Bhavya Cements reported a net profit of ₹599.00 Lakhs (₹5.99 Cr) for the full financial year 2025-26.
- Re-appointed M/s. M. Bhaskara Rao & Co. as Internal Auditors for the financial year 2026-27.
- Statutory auditors M/s. S.C. Bose & Co. issued an audit report with an unmodified opinion.
Anjani Portland Cement Limited has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. While the consolidated group reported a net loss for the year, its subsidiary, Bhavya Cements Private Limited, showed positive performance with a total annual revenue of ₹257.85 crore and a net profit of ₹5.99 crore. The board also confirmed the re-appointment of M/s. M. Bhaskara Rao & Co. as Internal Auditors for the 2026-27 financial year.
- Audited consolidated results for FY26 approved with an unmodified (clean) auditor's opinion.
- Subsidiary Bhavya Cements Private Limited reported FY26 revenue of ₹257.85 crore and net profit of ₹5.99 crore.
- Bhavya Cements showed strong Q4 performance with a net profit of ₹7.33 crore on revenue of ₹85.73 crore.
- Total assets for the subsidiary Bhavya Cements stood at ₹215.74 crore as of March 31, 2026.
- Re-appointment of M/s. M. Bhaskara Rao & Co. as Internal Auditors for the upcoming financial year.
Anjani Portland Cement Limited has launched the second phase of its 100-day 'Saksham Niveshak' campaign, running from April 1, 2026, to July 9, 2026. The initiative aims to assist shareholders in claiming unpaid or unclaimed dividends before they are transferred to the Investor Education and Protection Fund (IEPF). Shareholders are required to update their KYC details, including PAN, bank account information, and nominations, through the company's Registrar and Transfer Agent, KFin Technologies. This campaign follows directives from the Ministry of Corporate Affairs to enhance investor awareness and facilitate the ease of claiming rightful funds.
- Campaign runs for 100 days from April 1, 2026, to July 9, 2026.
- Aims to prevent the transfer of unclaimed dividends to the IEPF by facilitating KYC updates.
- Requires submission of specific forms (ISR-1, ISR-2, SH-13) to RTA KFin Technologies Limited.
- Shareholders must update PAN, bank details, and specimen signatures to receive electronic credits.
- Communication is part of a Ministry of Corporate Affairs (MCA) initiative for investor protection.
Anjani Portland Cement Limited (APCL) has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the announcement of the audited standalone and consolidated financial results for the fiscal year ending March 31, 2026. The restriction applies to all directors, designated persons, and connected persons of the company. The trading window will remain closed until 48 hours after the financial results are officially published.
- Trading window closure starts on April 1, 2026, for the FY26 annual results.
- Applies to all Directors, Designated Persons, and Connected Persons of the company.
- Window remains closed until 48 hours after the publication of audited standalone and consolidated results.
- Filing is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Anjani Portland Cement Limited (APCL) reported a weak performance for Q3 FY26, with consolidated net losses widening to ₹18.56 crore from ₹8.58 crore in the same quarter last year. Consolidated revenue from operations declined 13.1% YoY to ₹125.95 crore, down from ₹145.00 crore. Standalone operations also remained in the red with a net loss of ₹5.61 crore. High operational costs, particularly power and fuel at ₹37.79 crore, and finance costs of ₹8.78 crore continue to impact the company's profitability.
- Consolidated revenue from operations fell 13.1% YoY to ₹125.95 crore in Q3 FY26.
- Consolidated net loss widened significantly to ₹18.56 crore versus a loss of ₹8.58 crore in Q3 FY25.
- Standalone revenue stood at ₹71.11 crore, a decline from ₹82.68 crore in the year-ago period.
- Subsidiary Bhavya Cements Private Limited contributed ₹54.84 crore to revenue but posted a loss of ₹2.26 crore.
- Consolidated finance costs remained elevated at ₹8.78 crore for the quarter.
Anjani Portland Cement Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that all dematerialization and rematerialization requests for the quarter ended December 31, 2025, have been processed. This is a standard regulatory filing required to ensure that the company's share records are accurately maintained with depositories and stock exchanges. The filing indicates the company's adherence to mandatory administrative timelines.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Transfer Agent (RTA) M/s. KFin Technologies Limited.
- Confirms processing of dematerialization and rematerialization requests as per SEBI norms.
- Filing submitted to both BSE and NSE stock exchanges on January 3, 2026.
Anjani Portland Cement Limited (APCL) has completed the sale of 6,35,11,620 equity shares in its subsidiary, Bhavya Cements Private Limited (BCPL). This transaction represents a 48% stake sale to Chettinad Cement Corporation Private Limited through an off-market deal. Despite the significant divestment, APCL maintains a majority stake of 51.01%, ensuring BCPL remains a subsidiary. The sale follows a special resolution passed by shareholders on December 24, 2025.
- Sold 6,35,11,620 equity shares of subsidiary Bhavya Cements Private Limited
- Divested 48% stake to Chettinad Cement Corporation Private Limited
- Maintains majority control with a post-sale holding of 51.01%
- Transaction completed via off-market sale on December 31, 2025
Shareholders of Anjani Portland Cement Limited (APCL) have approved the sale of the company's shareholding in its subsidiary, Bhavya Cements Private Limited. The special resolution for the sale received 96.84% approval from voting members, alongside the approval of material related party transactions with the parent company, Chettinad Cement Corporation. Additionally, an amendment to the Articles of Association was passed with a near-unanimous 99.96% majority. These approvals facilitate a strategic restructuring of the company's asset portfolio.
- Approved the divestment of shares in subsidiary Bhavya Cements Private Limited with 96.84% votes in favor.
- Passed a special resolution to alter the Articles of Association with 99.96% majority support.
- Authorized material related party transactions with Chettinad Cement Corporation for both share sales and ordinary business operations.
- The voting process involved 15,487 shareholders as of the record date of November 14, 2025.
- Total valid votes cast for the divestment resolution reached 277,369 shares from public and other non-promoter categories.
Company profilewritten 13 Dec 2025
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations declined 17.4% YoY to INR 661.50 Cr in FY23 and further decreased 5.7% to INR 623.90 Cr in FY24. For H1FY25, revenue stood at INR 185.85 Cr. Segment-wise, Cement revenue was INR 219.08 Cr and Power was INR 14.80 Cr for the period ending September 2024.
Geographic Revenue Split
100% of revenue is concentrated in Southern India, primarily in the states of Telangana and Andhra Pradesh. This concentration exposes the company to regional demand-supply imbalances and pricing pressures in a market characterized by overcapacity.
Profitability Margins
Operating margins have been volatile, dropping from 18.13% in FY22 to 3.24% in FY23 and slightly recovering to 4.73% in FY24. Net Profit Margin was -0.09% in FY25 compared to -0.02% in FY24, reflecting a 279.75% increase in losses due to lower sale realizations.
EBITDA Margin
EBITDA (PBILDT) margin stood at 4.73% in FY24 (INR 29.48 Cr), up from 3.24% in FY23 (INR 21.41 Cr). However, H1FY25 saw a negative PBILDT of INR -10.58 Cr due to operational inefficiencies and high input costs.
Capital Expenditure
Historical CAPEX includes the acquisition of Bhavya Cements Private Limited (BCPL) for approximately INR 460 Cr in FY22, funded through Inter-Corporate Deposits (ICDs) from the parent company.
Credit Rating & Borrowing
CARE Ratings maintains a 'CARE A+; Stable / CARE A1+' rating. Borrowing costs are anchored by Inter-Corporate Deposits from the parent (CCCPL) at an interest rate of 7% per annum.
Operational Drivers
Raw Materials
Limestone (sourced from captive mines), Coal (used for kiln and power generation), and Packing Materials (purchased from parent company). Specific cost percentages for each are not disclosed in available documents.
Import Sources
Limestone is sourced locally from captive mines in Suryapet (Telangana) and Tangeda (Andhra Pradesh). Coal is sourced from domestic and international markets, though specific countries are not disclosed.
Key Suppliers
Chettinad Cement Corporation Private Limited (CCCPL) is a primary supplier of clinker, cement, and packing materials, with proposed transactions totaling INR 1,000 Cr for FY26.
Capacity Expansion
Current consolidated installed capacity is 2.44 MTPA (APCL: 1.2 MTPA; BCPL: 1.4 MTPA). No specific future expansion timeline is disclosed, though turnaround is expected via improved utilization of existing assets.
Raw Material Costs
Raw material costs are highly sensitive to coal price volatility. Trade payable turnover ratio decreased 42.98% to 5.62 times in FY25 as the company availed higher credit periods despite lower purchase volumes.
Manufacturing Efficiency
Capacity utilization is currently moderately low due to regional overcapacity. PBILDT per tonne was INR 190 in FY24, significantly lower than the INR 782 per tonne achieved in FY22.
Logistics & Distribution
Distribution is geographically concentrated in Andhra Pradesh and Telangana, which reduces long-haul freight costs but limits market reach to oversupplied zones.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be driven by a turnaround strategy involving the re-commissioning of the WHRS to lower energy costs, increasing capacity utilization from current modest levels, and leveraging the strong brand and financial flexibility of the parent, CCCPL. The company has also proposed a material RPT of INR 1,000 Cr to streamline trading and operations.
Products & Services
Portland Cement (sold in bags) and Clinker.
Brand Portfolio
Anjani Portland Cement.
Market Expansion
The company aims to improve its business profile over the medium term by leveraging CCCPL's strong presence, though specific new target regions are not disclosed.
Market Share & Ranking
The company operates at a modest scale within the highly competitive Southern Indian cement industry.
Strategic Alliances
Strong operational and financial linkages with parent company Chettinad Cement Corporation Private Limited (CCCPL), which holds a 75% stake.
External Factors
Industry Trends
The Southern India cement industry is evolving toward consolidation and cost-efficiency through WHRS and captive power, as overcapacity (current growth rate in capacity exceeding demand) forces players to compete on cost leadership.
Competitive Landscape
Key competitors include large regional and national players in the Andhra Pradesh and Telangana markets.
Competitive Moat
The moat is derived from strong parentage (CCCPL) and integrated operations (captive mines/power). This is sustainable as long as the parent provides financial flexibility and the company improves its cost structure via WHRS.
Macro Economic Sensitivity
Highly sensitive to construction and infrastructure demand in Southern India and global coal price indices.
Consumer Behavior
Subdued demand in key geographies led to a 19% dip in sales volume in FY23, forcing a strategic shift toward high-contribution markets.
Geopolitical Risks
Exposure to global fuel price volatility which impacts the cost of imported coal used in cement kilns.
Regulatory & Governance
Industry Regulations
Operations are subject to limestone mining leases and environmental pollution norms for cement manufacturing plants.
Environmental Compliance
Investment in Waste Heat Recovery Systems (WHRS) to comply with environmental norms and improve energy efficiency.
Risk Analysis
Key Uncertainties
Volatility in input prices (coal/power) and demand-supply dynamics in South India could impact margins by 5-10%.
Geographic Concentration Risk
100% of revenue is derived from the Southern India market, specifically Telangana and Andhra Pradesh.
Third Party Dependencies
Significant dependency on parent CCCPL for financial support (ICDs) and operational synergies (RPTs representing 291% of turnover).
Technology Obsolescence Risk
Risk is mitigated by the re-commissioning of WHRS and maintenance of captive power units.
Credit & Counterparty Risk
Debtors turnover ratio was 15.52 times in FY25, indicating moderate receivables quality despite a 24.07% increase in revenue from operations.
