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KCP Limited (KCP)

₹153.33 +0.03% last close, 16 Oct

📊 NSE: KCP 🏢 Cement - South India 📢 Latest filing: 05 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 06 Nov 2026 (board meeting)

KCP Limited's board meets on 6 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, KCP's revenue was ₹779 Cr (+15.2% year on year, +13.9% on the previous quarter), and net profit ₹55.8 Cr (-37.9% year on year); the operating margin was 8.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹779	+15.2%	+13.9%
Operating profit	₹64.2	-42.2%	-45.6%
Net profit	₹55.8	-37.9%	-53.9%
EPS (₹)	2.86	-41.9%	-56.7%
Operating margin	8.2%	—	—

Full quarterly financials → Results calendar →

KCP delivery percentage

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

On Fri, 16 Oct 2026, 65.46% of the KCP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 58.68%. That is close to its usual level.

65.46%Delivery, 16 Oct

58.68%Own 20-session average

1.2×Volume vs its average

₹153.33NSE close · +0.03%

Delivery in the last 5 sessions: 57.0% · 44.1% · 63.7% · 48.9% · 65.5%

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

KCP Submits RTA Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 05 Oct 2026, 03:35 PM

KCP Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Integrated Registry Management Services Pvt. Ltd. on October 3, 2026, confirms that all securities received for dematerialisation were processed and confirmed to depositories within 15 days. Additionally, physical certificates were duly mutilated and cancelled. This is a standard quarterly administrative filing with no operational or financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations for the quarter ended September 30, 2026
Certificate issued by RTA Integrated Registry Management Services Pvt. Ltd. dated October 3, 2026
Confirmation that dematerialisation requests were confirmed and register updated within 15 days
Filing submitted to stock exchanges on October 5, 2026

💡 No action required; this is a purely procedural filing. Investors should focus on upcoming quarterly financial results for material operational updates.

KCP Closes Trading Window from October 1, 2026 Ahead of Q2 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 12:28 PM

KCP Limited has announced the closure of its trading window starting October 1, 2026, pursuant to SEBI Insider Trading regulations. The closure applies to directors, designated persons, and connected persons ahead of the un-audited financial results for the quarter ending September 30, 2026. The window will reopen 48 hours after the declaration of the financial results. This is a mandatory, routine compliance measure with no impact on business operations.

Trading window closes on 1st October 2026
Applies ahead of un-audited financial results for quarter ending 30th September 2026
Trading window reopens 48 hours after financial results declaration

💡 Track the upcoming announcement of the board meeting date when KCP will formally review and release Q2 FY27 financial results.

85th AGM Results: Shareholders Approve Dividend and Key Director Appointments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 05:32 PM

KCP Limited has successfully concluded its 85th Annual General Meeting (AGM) held on August 3, 2026. Shareholders approved all eight resolutions with overwhelming majorities, typically exceeding 99.9%. Key outcomes include the adoption of FY26 financial statements, declaration of dividends, and the appointment of new directors and statutory auditors. The company also received approval for the payment of commission to Independent and Non-Executive Directors.

Resolution for dividend declaration passed with 99.9999% majority (5,49,20,765 votes in favor).
Appointment of M/s. Brahmayya & Co. as Statutory Auditors approved with 99.9997% support.
Approval for commission to Independent and Non-Executive Directors passed with 99.9985% majority.
The voting cut-off date was July 27, 2026, with remote e-voting conducted between July 31 and August 2, 2026.
Appointment of Sri. K.V.S.R. Subbaiah as Non-Executive Director and Sri. Parthapratim Brahma as Independent Director confirmed.

💡 Investors should look for the dividend payout date and monitor the execution of the 4,000 TPD Vietnam sugar expansion mentioned in previous strategic updates.

85th AGM Proceedings: KCP Limited Approves FY26 Financials and Dividend Declaration

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Aug 2026, 04:56 PM

KCP Limited concluded its 85th Annual General Meeting on August 3, 2026, where shareholders considered the adoption of FY26 audited financial statements. Key resolutions included the declaration of a dividend for FY26 and the appointment of statutory auditors for a five-year term (FY27-FY31). Management addressed queries regarding the company's cement operations in South India and its sugar business in Vietnam. The meeting also ratified the remuneration for cost auditors for FY27 and approved new director appointments.

85th Annual General Meeting successfully conducted on August 3, 2026, via video conferencing.
Adoption of FY26 financial statements featuring TTM Revenue of ₹2,322.09 Cr and PAT of ₹270.42 Cr.
Appointment of Statutory Auditors for a 5-year term from the conclusion of the 85th AGM to the 90th AGM.
Approval of dividend for the financial year ended March 31, 2026, as recommended by the Board.
Ratification of Cost Auditors' remuneration for the upcoming financial year ending March 31, 2027.

💡 Investors should monitor the upcoming disclosure of the Scrutinizer's Report for the final voting results on all resolutions. Watch for the dividend payment timeline and further updates on the 4,000 TPD sugar capacity expansion in Vietnam mentioned in the company's growth strategy.

KCP Q1 Consolidated Revenue Rs 779 Cr; Declares Re 0.50 Dividend; Enters Paints & Real Estate

🔵 WATCH ⭐ 7/10

EARNINGS 📅 03 Aug 2026, 02:55 PM

KCP reported a 15.2% YoY increase in consolidated revenue to Rs 779.34 Cr for Q1 FY27, driven largely by its Vietnam sugar operations. However, consolidated PAT attributable to owners fell 42% YoY to Rs 36.83 Cr, down from Rs 63.49 Cr. The standalone Indian operations barely broke even with a PAT of Rs 0.48 Cr, as the core cement segment faced margin pressure with an EBIT of just Rs 2.24 Cr on Rs 357.98 Cr revenue. The board declared an interim dividend of Re 0.50 per share and announced a major strategic diversification into manufacturing paints and real estate development.

Consolidated revenue increased 15.2% YoY to Rs 779.34 Cr from Rs 676.51 Cr.
Consolidated PAT for owners declined 42% YoY to Rs 36.83 Cr.
Vietnam subsidiary contributed Rs 411.25 Cr in revenue, representing 52.7% of consolidated turnover.
Standalone cement segment EBIT margin collapsed to 0.6% (Rs 2.24 Cr EBIT on Rs 357.98 Cr revenue).
Interim dividend of 50% (Re 0.50 per share) declared for FY 2026-27.

💡 Monitor the capital expenditure plans and timeline for the new paint and real estate ventures, as these represent significant diversifications. Watch for any recovery in South Indian cement realizations to improve standalone profitability.

KCP Limited Reports 100% Compliance in Structured Digital Database for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jul 2026, 02:55 PM

KCP Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026, as required under SEBI Insider Trading regulations. The company confirmed that 1 event involving Unpublished Price Sensitive Information (UPSI) was identified and correctly captured in the database. The system is maintained internally with a non-tamperable audit trail capable of storing records for 8 years. No non-compliances were reported during the period, indicating adherence to standard governance protocols.

1 event involving UPSI was required to be captured and was successfully recorded during the quarter
The Structured Digital Database (SDD) is maintained internally with an audit trail capability of 8 years
Zero non-compliances were observed or reported for the quarter ended June 30, 2026
The certificate was issued by the Company Secretary & Compliance Officer on July 29, 2026

💡 This is a routine administrative filing. Investors should monitor the company's upcoming quarterly financial results to track the progress of the 36% capacity expansion in Vietnam sugar and the impact of the new 16 MW WHRS on cement production costs.

KCP Sets August 12, 2026, as Record Date for Potential Interim Dividend

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 16 Jul 2026, 10:07 AM

KCP Limited has announced August 12, 2026, as the record date for a proposed interim dividend, pending board approval. The board will meet to consider this dividend alongside the financial results for the quarter ended June 30, 2026. If declared, the dividend is scheduled to be paid on or after August 25, 2026. This follows a strong performance in the March 2026 quarter, where the company reported a net profit of ₹121 crore.

Record date for the interim dividend is fixed as Wednesday, August 12, 2026.
Dividend payment, if approved, will commence on or after August 25, 2026.
Board meeting will simultaneously review financial results for the quarter ended June 30, 2026.
Company maintains a moderate Debt/Equity ratio of 0.49 with a TTM PAT of ₹270 crore.

💡 Monitor the upcoming board meeting outcome for the specific dividend amount and Q1 FY27 earnings to assess if the 14.7% OPM is being maintained.

Aug 12 set as Record Date for Interim Dividend

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 16 Jul 2026, 10:04 AM

KCP Limited has fixed August 12, 2026, as the record date for a proposed interim dividend. The final decision on the dividend quantum will be made during the board meeting for the June 2026 quarter results. If approved, shareholders can expect payment starting August 25, 2026. This follows a fiscal year where the company generated TTM revenue of Rs 2,322 Cr and a PAT of Rs 270 Cr.

Record date for interim dividend is August 12, 2026
Payment date scheduled for August 25, 2026, or later
Company reported a net profit of Rs 121 Cr in the Mar 2026 quarter
TTM revenue stands at Rs 2,322 Cr
Market capitalization is currently Rs 3,101 Cr

💡 Monitor the upcoming board meeting results for the specific dividend amount per share to calculate the dividend yield.

July 27 Set as Record Date for KCP Limited Dividend and 85th AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 10 Jul 2026, 03:48 PM

KCP Limited has fixed July 27, 2026, as the record date for determining shareholder eligibility for its dividend. The company's 85th Annual General Meeting (AGM) is scheduled for August 3, 2026, where the dividend will be put for approval. If approved, the payout will commence on or after August 20, 2026. This announcement follows a fiscal year where the company maintained a TTM PAT of Rs 270 Cr and a market capitalization of Rs 3079 Cr.

Record date for dividend eligibility is July 27, 2026.
85th Annual General Meeting scheduled for August 3, 2026, at 10:30 AM.
Dividend payment to be processed on or after August 20, 2026.
Register of members closed from July 28, 2026, to August 3, 2026.

💡 Investors should ensure they hold shares before the ex-dividend date to be eligible for the payout and review the Annual Report for management's outlook on the South Indian cement market.

Rs 0.50 Dividend: KCP Limited Schedules 85th AGM for August 03, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Jul 2026, 03:25 PM

KCP Limited has announced its 85th Annual General Meeting (AGM) for August 03, 2026, to approve a dividend of Rs 0.50 per equity share (50% of face value). The record date for dividend eligibility is July 27, 2026, with payment scheduled on or after August 20, 2026. Key agenda items include the appointment of M/s. Brahmayya & Co. as statutory auditors for a five-year term and the induction of two new non-executive directors. The company also seeks approval for a commission of Rs 5 lakh each for independent and non-executive directors for FY26.

Dividend of Rs 0.50 per equity share recommended for the financial year ended March 31, 2026.
Record date for determining dividend eligibility is fixed as July 27, 2026.
Proposed appointment of M/s. Brahmayya & Co. as Statutory Auditors for a 5-year term until the 90th AGM.
Remuneration for cost auditors set at Rs 10,00,000 for Cement and Rs 4,00,000 for Heavy Engineering for FY27.
AGM scheduled for August 03, 2026, at 10:30 AM via video conferencing.

💡 Investors should note the record date of July 27, 2026, for dividend eligibility. Monitor the AGM for management updates regarding the 4,000 TPD Vietnam sugar expansion and the impact of the new WHRS on cement margins.

15.80 MW Waste Heat Recovery System Commissioned at Muktyala Cement Plant

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 08 Jul 2026, 02:11 PM

KCP Limited has successfully commissioned a 15.80 MW Waste Heat Recovery System (WHRS) with a 16.58 MW turbine capacity at its Muktyala unit in Andhra Pradesh. This facility is the company's largest cement plant, accounting for 3.52 MTPA or approximately 76% of its total 4.645 MTPA cement capacity. The commissioning is a key part of the company's strategy to lower production costs and improve operating margins, which stood at 14.7% over the trailing twelve months.

Successfully commissioned a 15.80 MW Waste Heat Recovery System (WHRS).
System includes a turbine capacity of 16.58 MW for power generation.
Located at the Muktyala unit, which represents 3.52 MTPA of the company's 4.645 MTPA total capacity.
Project aligns with the company's stated 12-15% expected growth rate strategy through cost reduction.

💡 Watch for improvements in the Operating Profit Margin (OPM) in the September and December 2026 quarterly results to quantify the actual power cost savings from this installation.

KCP Limited Submits Routine SEBI Regulation 74(5) Certificate for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 02:26 PM

KCP Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA), confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. This is a standard administrative filing required for all listed companies to ensure the integrity of the share registry. There is no impact on the company's financial performance or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation that dematerialization requests were processed within the 15-day regulatory timeline
Registrar confirmed that security certificates were mutilated and cancelled after due verification
The filing is a standard procedural requirement under SEBI (Depositories and Participants) Regulations, 2018

💡 No action is required as this is a routine administrative filing. Investors should monitor upcoming quarterly results to track the progress of the 4,000 TPD sugar capacity expansion in Vietnam.

KCP Limited to Close Trading Window from July 1, 2026 for Q1 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 10:32 AM

KCP Limited has officially notified the stock exchanges regarding the closure of its trading window starting July 1, 2026. This measure is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of un-audited financial results for the quarter ending June 30, 2026. The restriction applies to directors, designated persons, and their immediate relatives. The trading window will reopen 48 hours after the financial results are declared to the public.

Trading window closure begins on July 1, 2026
Closure is for the purpose of declaring un-audited financial results for the quarter ended June 30, 2026
Restriction remains in place until 48 hours after the results are announced
Applies to all Directors, designated persons, and connected persons as per SEBI regulations

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should monitor the upcoming Q1 financial results for actual performance indicators.

KCP Ltd FY26 Standalone Net Profit Surges to ₹131.8 Cr; Declares 50% Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 May 2026, 03:05 PM

KCP Limited reported a significant turnaround in its standalone financial performance for the fiscal year ended March 31, 2026, posting a net profit of ₹131.80 crore compared to a loss of ₹2.39 crore in the previous year. Revenue from operations grew by 11.6% year-on-year to reach ₹1,554.69 crore. The Board has recommended a dividend of ₹0.50 per share (50% of face value) and indicated the possibility of further dividends based on Q1 FY27 performance. Additionally, the company announced key board appointments and the selection of new statutory auditors for a five-year term.

Standalone Revenue from operations increased to ₹1,554.69 Cr in FY26 from ₹1,393.42 Cr in FY25
Net Profit for the year stood at ₹131.80 Cr, a sharp recovery from a net loss of ₹2.39 Cr in the prior fiscal
Recommended a dividend of 50% (₹0.50 per equity share of face value ₹1)
Profit before tax (PBT) reached ₹144.21 Cr in FY26 compared to a loss of ₹5.27 Cr in FY25
Appointed Sri. Parthapratim Brahma and Sri. K.V. Subbaiah as Additional Directors to the Board

💡 Investors should view the sharp turnaround in profitability and the resumption of dividends as a strong positive signal. Monitor the upcoming Q1 FY27 results for the potential 'further dividend' consideration mentioned by the board.

KCP Ltd Receives ₹56.66 Crore Dividend from Vietnam Subsidiary

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 27 Mar 2026, 08:27 PM

KCP Limited has announced the receipt of a substantial dividend from its subsidiary, KCP Vietnam Industries Ltd. The company received USD 6,000,000, which translates to approximately ₹56.66 crore, for the year 2025. This cash inflow significantly strengthens KCP's standalone balance sheet and provides additional liquidity. The dividend highlights the strong operational performance and cash-generating capacity of the company's international sugar operations in Vietnam.

Received a dividend of USD 6,000,000 from subsidiary KCP Vietnam Industries Ltd.
The total amount received in Indian currency is ₹56,66,10,000.
The dividend payout pertains to the subsidiary's performance for the year 2025.
The inflow enhances the standalone liquidity and financial flexibility of KCP Limited.

💡 Investors should view this as a positive development that bolsters the parent company's cash reserves. This may support future capital expenditure or potential dividend payouts to KCP's own shareholders.

View All KCP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue decreased by 11.15% YoY to INR 2,528.94 Cr in FY25. Standalone revenue fell 18.13% to INR 1,393.42 Cr. For H1 FY26, Cement revenue was INR 469.98 Cr, Sugar INR 103.12 Cr, and Hospitality INR 2.85 Cr.

Geographic Revenue Split

Approximately 80% of cement sales are concentrated in Andhra Pradesh and Telangana. The Vietnam sugar segment contributes between 35% and 45% of total consolidated revenue.

Profitability Margins

Consolidated PAT margin improved slightly to 10.0% in FY25 from 9.9% in FY24. Standalone operations reported a loss before tax of INR 5.27 Cr in FY25 compared to a profit of INR 61.68 Cr in FY24, a decline of 108.5%.

EBITDA Margin

Consolidated PBDIT (EBITDA) was INR 366.90 Cr in FY25, a 13.28% decrease from INR 423.10 Cr in FY24. The EBITDA margin stood at 14.5% in FY25. Rating agencies target a sustained margin of over 20% for an upgrade.

Capital Expenditure

Planned capex of INR 750-850 Cr for the FY26-FY28 period, focusing on a 16 MW Waste Heat Recovery System (WHRS), railway siding for cement, and a 4,000 TPD sugar capacity expansion in Vietnam.

Credit Rating & Borrowing

Maintains a 'Stable' outlook from CRISIL. Adjusted interest coverage improved to 11.71x in FY25 from 10.22x in FY24. Borrowing costs are managed through a standalone interest expense of INR 22.35 Cr in FY25.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Sugarcane for Vietnam operations and Limestone and Coal for cement production. Coal prices traded in the range of 95 USD per ton during the period.

Import Sources

Coal is imported to support cement operations, with hedging policies in place to manage price volatility. Sugarcane is sourced from local regions in Vietnam.

Capacity Expansion

Cement capacity is 4.645 MTPA (Macherla 0.825, Muktyala 3.52, Arakkonam 0.3). Sugar capacity in Vietnam is 11,000 TPD, with a planned expansion of 4,000 TPD and a 45 MW biomass plant expansion.

Raw Material Costs

Raw material costs are impacted by international sugar price realizations and imported coal prices. Gross margins in the sugar segment increased in FY25 due to higher price realizations.

Manufacturing Efficiency

Cement capacity utilization declined to 63% in FY25 from over 75% in FY24 due to muted demand and a strategic exit from non-core markets.

Logistics & Distribution

Completion of the railway siding is expected to significantly improve distribution efficiency and market reach in the southern cement market.

📈 Strategic Growth

Expected Growth Rate

12-15%

Growth Strategy

Growth will be driven by a 36% capacity expansion in Vietnam sugar (4,000 TPD), commissioning of a 16 MW WHRS to lower cement production costs, and the completion of railway sidings to improve cement volume dispatches in core markets.

Products & Services

Final products include Cement bags, refined Sugar, heavy engineering castings, skid-based equipment for the Indian Navy, and hospitality services via the Mercure Hotel.

Brand Portfolio

KCP Cement, KCP Sugar, Mercure Hyderabad City Centre, and Fives-Cail KCP.

New Products/Services

Recently fabricated skid-based equipment with connected piping and instrumentation for BARC/Indian Navy, marking an entry into strategic defense fabrication.

Market Expansion

Focusing on consolidating the market position in Andhra Pradesh and Telangana for cement and expanding the sugar footprint in Vietnam.

Market Share & Ranking

Holds a strong market position in the South Indian cement segment and is a leading sugar producer in Vietnam.

Strategic Alliances

Operates a Joint Venture, Fives-Cail KCP Limited, for heavy engineering and a subsidiary, KCP Vietnam Industries Limited, for sugar operations.

🌍 External Factors

Industry Trends

The cement industry is facing a demand-supply mismatch in South India, leading to lower utilization (63%). The sugar industry is benefiting from strong international prices and a shift toward biomass energy.

Competitive Landscape

Faces intense competition from large pan-India cement players in the South and unorganized players in the heavy engineering sector.

Competitive Moat

Moat is built on a 60-year track record in cement and a dominant, low-cost production position in the Vietnam sugar market, supported by integrated biomass power.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending in South India and global sugar commodity price cycles.

Consumer Behavior

Shift toward preferred business hotels in Hyderabad, benefiting the Mercure brand which saw 84% occupancy.

Geopolitical Risks

Exposure to regulatory changes in Vietnam's sugar industry and trade remedies affecting international sugar prices.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to environmental pollution norms for cement plants and sugar industry regulations in Vietnam.

Environmental Compliance

Investing in WHRS and biomass plants to meet ESG standards and reduce carbon footprint, which is critical for maintaining access to domestic capital markets.

Taxation Policy Impact

Effective tax rate is reflected in the difference between PBT of INR 249.95 Cr and PAT of INR 147.09 Cr for FY25 (approx. 41% including non-controlling interests).