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Barak Valley Cements Limited (BVCL)

₹39.17 -2.63% last close, 16 Oct

📊 NSE: BVCL 🏢 Cement - North India 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Barak Valley's revenue was ₹59.6 Cr (+2.9% year on year, +25.2% on the previous quarter), and net profit ₹1.4 Cr (+22.9% year on year); the operating margin was 6.0%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹59.6	+2.9%	+25.2%
Operating profit	₹3.6	-16.9%	+450.8%
Net profit	₹1.4	+22.9%	from loss
EPS (₹)	0.65	+22.6%	from loss
Operating margin	6.0%	—	—

Full quarterly financials → Results calendar →

BVCL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 63.9% of the BVCL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.18%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure.

63.9%Delivery, 16 Oct

75.18%Own 20-session average

0.9×Volume vs its average

₹39.17NSE close · -2.63%

Delivery in the last 5 sessions: 77.3% · 75.4% · 90.9% · 99.6% · 63.9%

Delivery across the market →

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

BVCL Files Q2 FY27 Share Capital Audit: Issued Capital Unchanged at 2.22 Cr Shares

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 12:58 PM

Barak Valley Cements Limited submitted its Reconciliation of Share Capital Audit report for the quarter ended September 30, 2026. The company's total issued and listed equity capital remained unchanged at 2,21,60,000 shares (face value Rs 10 each). Of the total shares, 97.19% are held in dematerialized form (63.23% in NSDL and 33.96% in CDSL), while 2.81% remain in physical form. No new share capital changes, delays in demat confirmations, or discrepancies were reported during the quarter.

Total issued and listed capital stands at 2,21,60,000 equity shares of Rs 10 face value
Demat holdings comprise 97.19% of equity (63.23% NSDL, 33.96% CDSL)
Physical shares stand at 6,22,001 shares, representing 2.81% of total capital
Zero demat requests pending for more than 21 days during the quarter

💡 This is a routine compliance filing with no operational or financial impact. Investors should monitor the upcoming Q2 FY27 financial results for updates on operational margins and capacity utilization.

BVCL Shareholders Approve Re-Appointment of MD Kamakhya Chamaria and Material RPTs at 27th AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Oct 2026, 11:42 AM

Barak Valley Cements Limited (BVCL) announced that shareholders approved all resolutions at its 27th Annual General Meeting held on September 29, 2026. Key approvals include the re-appointment of Mr. Kamakhya Chamaria as Managing Director (effective August 12, 2027) and Mr. Nishant Garodia as Director. Additionally, shareholders ratified and approved material related-party transactions with North East Power and Infra Ltd. Financial statements for FY26 were also formally adopted.

Shareholders approved all 6 resolutions at the 27th AGM held on September 29, 2026
Re-appointment of Mr. Kamakhya Chamaria as MD approved, effective August 12, 2027
Re-appointment of Mr. Nishant Garodia as Director approved
Material related-party transactions with North East Power and Infra Ltd ratified and approved

💡 Monitor upcoming quarterly operational updates to see if related-party power transactions deliver cost efficiencies on energy expenses, which remain critical given BVCL's slim TTM operating margins of 5.3%.

Barak Valley Cements Closes Trading Window from October 1, 2026 for Q2 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 03:25 PM

Barak Valley Cements Limited has announced the closure of its trading window starting October 1, 2026, pursuant to SEBI Insider Trading Regulations. The window will remain closed for all directors, officers, and designated persons until 48 hours after the declaration of the unaudited financial results for the quarter ending September 30, 2026. The date of the upcoming Board meeting to approve the results will be announced separately.

Trading window closes effective October 1, 2026
Closure will last until 48 hours after the declaration of Q2 financial results
Pertains to financial results for the quarter ending September 30, 2026
Board meeting date to approve the results will be communicated in due course

💡 Watch for the upcoming board meeting announcement date where Q2 FY27 financial results will be scheduled and declared.

Barak Valley Cements Submits FY26 Annual Report; 27th AGM Scheduled for Sept 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Sep 2026, 06:46 PM

Barak Valley Cements Limited has released its Annual Report for FY26 and announced its 27th Annual General Meeting (AGM) to be held on September 29, 2026, via Video Conferencing. Key AGM agenda items include the adoption of FY26 financial statements and the re-appointment of Managing Director Kamakhya Chamaria for a 5-year term starting August 12, 2027, at a monthly basic salary of Rs 7.50 lakh. The document confirms no dividend was declared for FY26 to conserve cash for future projects and operations. Total gross debt as of March 31, 2026, stood at Rs 29.38 Cr compared to Rs 33.03 Cr in the previous year.

27th AGM scheduled for September 29, 2026, with remote e-voting cut-off date fixed as September 22, 2026
Special resolution proposed for re-appointment of MD Kamakhya Chamaria for a 5-year term from August 12, 2027, at Rs 7,50,000 per month basic salary
Gross debt reduced to Rs 29.38 Cr (Rs 2,938.09 lakhs) as of March 31, 2026, from Rs 33.03 Cr (Rs 3,303.21 lakhs) in FY25
Cost auditor remuneration ratified at Rs 35,000 plus applicable taxes for FY27
Board decided against declaring any dividend for FY26 to retain capital for ongoing operations and projects

💡 Track voting outcomes at the AGM on September 29, 2026, and monitor upcoming Q2 FY27 quarterly results to assess margin recovery and capacity ramp-up at subsidiary VSCL.

Barak Valley Cements Schedules 27th AGM for Sept 29, 2026; Proposes MD Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Sep 2026, 06:42 PM

Barak Valley Cements Limited has issued the notice for its 27th Annual General Meeting (AGM) scheduled for September 29, 2026, via Video Conferencing, with the voting cut-off set for September 22, 2026. Ordinary business includes the adoption of FY26 financial statements and the rotational re-appointment of director Nishant Garodia. A special resolution seeks shareholder approval for the re-appointment of Kamakhya Chamaria as Managing Director for five years starting August 2027 at a basic salary of ₹7.50 lakh per month. The company also confirmed no dividend declaration for FY26 to preserve internal accruals for projects.

27th AGM scheduled for September 29, 2026; voting eligibility cut-off date is September 22, 2026.
Proposed re-appointment of Kamakhya Chamaria as MD for 5 years (Aug 2027–Aug 2032) at ₹7.50 lakh monthly basic pay.
Standalone gross borrowings stood at ₹29.38 Cr as of March 31, 2026, down from ₹33.03 Cr in FY25.
Board decided against declaring a dividend for FY26 to accumulate retained earnings.

💡 Eligible shareholders as of September 22, 2026, may participate in e-voting. Monitor upcoming Q2 FY27 operational updates and subsidiary VSCL ramp-up progress.

Barak Valley Cements Approves Revised Notice for 27th AGM Scheduled for September 29, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 07:55 PM

Barak Valley Cements Limited announced that its Board of Directors met on September 02, 2026, to approve a revised notice for the company's upcoming 27th Annual General Meeting (AGM). The 27th AGM is scheduled to take place on Tuesday, September 29, 2026, at 03:00 PM IST via Video Conferencing/Other Audio-Visual Means. The earlier draft notice was not circulated to shareholders, and this revised version will serve as the final notice sent to members. This is an administrative compliance update with no direct financial impact on the company.

Board approved the revised notice of the 27th AGM on September 02, 2026
27th AGM is scheduled for Tuesday, September 29, 2026, at 03:00 PM IST
Meeting to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Earlier approved notice was not circulated or uploaded to members and is replaced by this final notice

💡 Investors should review the final 27th AGM notice once circulated to check for any special resolutions or governance matters ahead of the September 29, 2026 meeting.

BVCL Schedules 27th AGM for September 29, 2026; Sets Record Date for September 22

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 05:08 PM

Barak Valley Cements Limited (BVCL) has announced that its 27th Annual General Meeting (AGM) will be held on September 29, 2026. The company has fixed September 22, 2026, as the record date for determining shareholder eligibility for the meeting. Consequently, the register of members and share transfer books will be closed from September 23 to September 29, 2026. This is a standard administrative procedure and does not involve any immediate financial or operational changes.

27th Annual General Meeting (AGM) scheduled for September 29, 2026, at 3:00 PM
Record date for the purpose of the AGM fixed as September 22, 2026
Book closure period set for 7 days from September 23 to September 29, 2026
Company maintains a market capitalization of Rs 91 Cr with TTM revenue of Rs 212 Cr

💡 Investors should monitor the upcoming Annual Report for updates on the subsidiary VSCL's expansion and the company's progress toward achieving a net cash accrual of over Rs 20 Cr.

BVCL Sets September 22, 2026 as Record Date for 27th Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 05:05 PM

Barak Valley Cements Limited (BVCL) has announced its 27th Annual General Meeting (AGM) will be held on September 29, 2026. The company has fixed September 22, 2026, as the record date to determine the eligibility of members for the meeting. Consequently, the Register of Members and Share Transfer Books will be closed from September 23 to September 29, 2026. This is a standard procedural filing and does not indicate any immediate financial or operational change.

27th Annual General Meeting scheduled for September 29, 2026, at 03:00 p.m.
Record date for the purpose of the AGM is fixed as September 22, 2026.
Book closure period defined from September 23, 2026, to September 29, 2026 (7 days).
Company maintains a small-cap profile with a market capitalization of Rs 92 Cr.

💡 Educational: Monitor the upcoming Annual Report for management commentary on the ramp-up of the subsidiary VSCL and the stabilization of ongoing capex, which are key to improving the current low net cash accruals.

BVCL Sets September 22, 2026 as Record Date for 27th Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 05:04 PM

Barak Valley Cements Limited (BVCL) has scheduled its 27th Annual General Meeting (AGM) for September 29, 2026. The company has fixed September 22, 2026, as the record date to determine shareholder eligibility for the meeting. Share transfer books will remain closed from September 23 to September 29, 2026. This is a standard administrative procedure following the conclusion of FY26, where the company reported a marginal net profit of Rs 0.29 Cr on a revenue of Rs 212.17 Cr.

27th Annual General Meeting (AGM) to be held on September 29, 2026, at 03:00 p.m.
Record date for the purpose of the AGM is fixed as September 22, 2026.
Book closure period set from September 23, 2026, to September 29, 2026 (7 days).
Company reported FY26 revenue of Rs 212.17 Cr with a low OPM of 5.29%.

💡 Investors should review the upcoming Annual Report for details on the ramp-up of the subsidiary VSCL and management's strategy to improve operating margins from the current 5.3%.

BVCL Schedules 27th Annual General Meeting for September 29, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 05:02 PM

Barak Valley Cements Limited (BVCL) has announced its 27th Annual General Meeting (AGM) to be held on September 29, 2026. The company has fixed September 22, 2026, as the record date for determining shareholder eligibility. Consequently, the register of members and share transfer books will remain closed from September 23 to September 29, 2026. This is a standard regulatory filing and does not include any immediate financial disclosures or dividend announcements.

27th Annual General Meeting scheduled for September 29, 2026, at 03:00 p.m.
Record date for the purpose of the AGM fixed as September 22, 2026
Book closure period set from September 23, 2026, to September 29, 2026 (7 days inclusive)
Announcement follows a fiscal year (FY26) where the company reported a marginal net profit of ₹0.29 cr

💡 Monitor for the release of the Annual Report prior to the meeting to assess management's plan for improving the current low operating profit margin of 5.3%.

BVCL Re-appoints MD; Q1 Subsidiary Revenue at ₹5.84 Cr

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 13 Aug 2026, 04:55 PM

Barak Valley Cements Limited (BVCL) held a board meeting on August 13, 2026, to approve Q1 FY27 results and management re-appointments. The board re-appointed Mr. Kamakhya Chamaria as Managing Director and scheduled the 27th Annual General Meeting for September 29, 2026. Consolidated subsidiary performance for the quarter showed a revenue of ₹5.84 crore with a marginal net loss of ₹7.32 lakhs. The company also appointed new internal and cost auditors for the 2026-27 financial year.

Re-appointment of Mr. Kamakhya Chamaria as Managing Director effective August 13, 2026
Combined revenue of five subsidiaries for Q1 FY27 reported at ₹5.84 crore
Record date for the 27th AGM and e-voting fixed as September 22, 2026
Consolidated subsidiary net loss for the quarter stood at ₹7.32 lakhs
Total assets of the five subsidiaries combined were valued at ₹42.46 crore

💡 Investors should review the detailed Q1 FY27 financial statements to assess if operating margins are recovering from the 5.3% TTM level. Monitor the progress of the VSCL subsidiary ramp-up, which is key to achieving the company's target cash accrual of over ₹20 crore.

Rs 5.84 Cr Subsidiary Revenue Reported in BVCL Q1 FY27 Board Meeting Outcomes

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 13 Aug 2026, 04:53 PM

Barak Valley Cements Limited (BVCL) held a board meeting on August 13, 2026, to approve the un-audited financial results for Q1 FY27. The company scheduled its 27th Annual General Meeting (AGM) for September 29, 2026, and fixed September 22, 2026, as the record date for e-voting. Key management re-appointments were approved, including Mr. Kamakhya Chamaria as Managing Director. Notably, the company's five subsidiaries contributed a combined revenue of Rs 5.84 Cr but reported a marginal net loss of Rs 7.32 Lakhs for the quarter.

Board approved standalone and consolidated un-audited financial results for the quarter ended June 30, 2026.
Subsidiaries reported total revenue of Rs 5.84 Cr and a net loss of Rs 7.32 Lakhs for Q1 FY27.
27th Annual General Meeting (AGM) scheduled for September 29, 2026, via video conferencing.
Record date for determining shareholder eligibility for e-voting set for September 22, 2026.
Re-appointment of Mr. Kamakhya Chamaria as Managing Director and Mr. Nishant Garodia as Director approved.

💡 Investors should review the detailed Q1 FY27 financial statements to assess if the 104.85% capacity utilization seen in FY24 is being maintained and if subsidiary VSCL is nearing its net cash accrual target of Rs 20 Cr.

June 30, 2026: BVCL Files Quarterly SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Jul 2026, 05:09 PM

Barak Valley Cements Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by MCS Share Transfer Agent Limited, confirms that all securities received for dematerialization were processed within the mandated 15-day window. This process involves the mutilation and cancellation of physical certificates and updating depository records. This is a standard procedural filing required for all listed companies in India to ensure the integrity of electronic shareholding.

Compliance certificate issued for the quarter ended June 30, 2026
Securities processed for dematerialization within 15 days of receipt
RTA confirmation provided by MCS Share Transfer Agent Limited on July 2, 2026
Verification confirms physical certificates were mutilated and cancelled as per SEBI norms

💡 This is a routine administrative filing with no impact on business fundamentals; investors should monitor the upcoming quarterly earnings release for operational performance updates.

Barak Valley Cements to Close Trading Window from July 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 03:47 PM

Barak Valley Cements Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the board meeting results are officially filed with the stock exchanges. The specific date for the board meeting to approve these results will be announced at a later time.

Trading window closure effective from July 1, 2026.
Closure is related to the un-audited financial results for the quarter ending June 30, 2026.
Restriction applies to all Directors, Officers, and Designated Persons of the company.
Window will reopen 48 hours after the conclusion of the board meeting and filing of results.

💡 This is a routine regulatory announcement with no direct impact on stock value. Investors should monitor for the upcoming board meeting date to review the company's Q1 performance.

BVCL Signs MoU with LKC Industries for ₹2.65 Crore Inter-Corporate Loan

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 30 May 2026, 05:40 PM

Barak Valley Cements Limited (BVCL) has entered into a Memorandum of Understanding with M/s LKC Industries and Infra Private Limited to avail an unsecured inter-corporate loan of up to ₹2.65 crore. The loan is intended to fund operational expenses and working capital requirements in the ordinary course of business. This is a related party transaction as both companies share the same promoters, though the company maintains the deal is at arm's length. As of the agreement date, the outstanding loan amount is reported at ₹2.50 crore.

MoU signed for an unsecured inter-corporate loan up to an aggregate of ₹2.65 crore.
Funds earmarked for operational expenses, working capital, and lawful business activities.
The transaction is a related party transaction as promoters of BVCL and LKC are the same.
The loan is unsecured with no specific security provided to the lender.
Current outstanding amount under the facility is ₹2.50 crore as of May 30, 2026.

💡 Investors should note the reliance on related-party funding for working capital and monitor the company's overall debt levels and interest obligations arising from this arrangement.

View All BVCL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total operating income was INR 207.00 Cr in FY25, representing a 10.83% decline from INR 232.14 Cr in FY24. H1FY26 revenue stands at INR 105.18 Cr.

Geographic Revenue Split

100% of revenue is derived from the North-Eastern states of India, specifically Mizoram, Manipur, Tripura, Assam, and Meghalaya.

Profitability Margins

Operating Profit Margin was 8.19% in FY25 compared to 8.17% in FY24. Net Profit Margin declined from 4.25% in FY24 to 3.90% in FY25 due to higher input costs.

EBITDA Margin

EBITDA (PBILDT) was INR 22.64 Cr in FY25 (10.94% margin), a 10.51% decrease from INR 25.30 Cr in FY24.

Capital Expenditure

The company is engaged in ongoing debt-funded capex for its wholly-owned subsidiary, Valley Strong Cements (Assam) Limited (VSCL). Standalone PPE purchase in H1FY26 was INR 0.19 Cr.

Credit Rating & Borrowing

CRISIL rating is BBB-/Stable (revised from Positive in Nov 2025). CARE rating is BB+; Stable; ISSUER NOT COOPERATING as of Dec 2025 due to non-submission of information.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Limestone (captive), Coal, Fly Ash, and Gypsum. The company also resorted to open market clinker purchases in FY24 to meet high demand.

Import Sources

Limestone is sourced from captive mines in Assam. Coal and fly ash are procured from domestic producers in the open market.

Capacity Expansion

Current installed capacity is 0.33 MTPA (1,000 TPD) for cement and 0.23 MTPA (700 TPD) for clinker. Future expansion is focused on the subsidiary VSCL.

Raw Material Costs

Raw material costs increased in FY24/FY25 due to volatility in coal prices and the need for open market clinker acquisition, which moderated profit margins.

Manufacturing Efficiency

Capacity utilization for cement reached 104.85% in FY24, up from 78.41% in FY23, driven by significant regional demand.

Logistics & Distribution

The company sells cement under the 'Valley Strong Cement' brand across the North-Eastern region; specific distribution costs are not disclosed.

📈 Strategic Growth

Expected Growth Rate

18%

Growth Strategy

Growth is targeted through the ramp-up of the subsidiary VSCL and stabilization of ongoing capex. Upward rating sensitivity requires achieving a net cash accrual of over INR 20 Cr (currently ~INR 17 Cr).

Products & Services

Manufacturing and marketing of different grades of cement bags.

Brand Portfolio

Valley Strong Cement.

Market Expansion

Focus remains on deepening penetration within the North-Eastern states of India.

🌍 External Factors

Industry Trends

The cement industry in the North-East is growing due to infrastructure demand but remains highly competitive and cyclical.

Competitive Landscape

Intense competition from organized national players with well-known brands and several local unorganized entities.

Competitive Moat

Moat includes a long track record (since 1999), established brand 'Valley Strong Cement', and captive limestone mines which provide a cost advantage in primary raw materials.

Macro Economic Sensitivity

Highly sensitive to economic cycles; a slowdown in the construction and infrastructure sectors directly impacts revenue and scalability.

Consumer Behavior

Demand is strongly correlated with government infrastructure spending and regional real estate cycles.

Geopolitical Risks

Low, as operations and sales are entirely domestic within India.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to pollution control norms and manufacturing standards for cement production.

Taxation Policy Impact

Current tax liabilities stood at INR 63.05 Lacs as of September 30, 2025.

⚠️ Risk Analysis

Key Uncertainties

Volatility in input costs (coal/clinker) and the cyclical nature of the construction industry are primary risks that could impact margins by over 10%.